Tax Credit Contribution Fund Projects

Help finance affordable multifamily and single-family housing
throughout Minnesota

The Minnesota State Housing Tax Credit (SHTC) Contribution Program is a new way to help finance affordable housing throughout the state. Beginning February 1, 2024 eligible Minnesota corporate and individual taxpayers can contribute to the SHTC Program Fund and, in return, receive a substantial credit to offset their Minnesota taxes. Eligible Minnesota taxpayers can contribute between $1,000 and $2 million to the Contribution Fund and receive a state tax credit certificate (TCC) that equals 85% of their total contributions. You may make a Designated Contribution to a specific project or make your contribution to the General Contribution Pool, and it will be awarded to qualified projects through a competitive application process. Learn More about the SHTC Program.

85% TAX CREDIT ON YOUR
CONTRIBUTION
MAKE A DESIGNATED CONTRIBUTION
OR GIVE TO THE GENERAL POOL
62% OF ELI HOUSEHOLDS IN MN USE MORE THAN HALF THEIR INCOME ON HOUSING

This program was first introduced in October of 2023 and Minnesota taxpayers contributed almost $7 million to the program before the 2023 deadline in December.  For 2024 there is a new cap of $11.6 million on the total contributions that will be accepted during the year. Applications will be reviewed and processed on a first-come, first-served basis, and will be accepted until the full amount of available contributions have been received or until December, 2024, whichever comes first.

FOR CONTRIBUTORS

DEVELOPERS/OWNERS/ADMINISTRATORS

PROJECTS SEEKING DESIGNATED SHTC CONTRIBUTIONS

The project information below has been submitted by the developer, owner or administrator of the project because they are seeking Designated Contributions from contributors like you. Click on the image of the project for all the project information you will need to submit your contribution application.

We are excited to report
that as of:

06.10.24

Amount of tax credits requested for 2024:

$1,371,000

Maximum tax credits to be allocated in 2024:

$9.9M

  • All Cities
    • All Cities
    • Alexandria
    • Battle Lake
    • Brainerd
    • Brooklyn Center
    • Buhl
    • Chatfield
    • Cold Spring
    • Dalton
    • Fairbault
    • Hackensack
    • Hibbing
    • Le Sueur
    • Little Falls
    • Minneapolis
    • New Brighton
    • North Mankato
    • Owatonna
    • Red Wing
    • Richfield
    • Rochester
    • Sandstone
    • Shakopee
    • Spicer
    • St. Cloud
    • St. Joseph
    • St. Paul
    • St. Peter
    • Thief River Falls
    • Willmar
    • Winona
  • All Developers
    • All Developers
    • Aeon
    • Amani Construction & Development
    • Beacon Interfaith Housing Collaborative
    • Bumpy Lane Richfield LLC
    • Bush Companies
    • Central MN Habitat Humanity
    • Central MN Housing Partnership
    • CommonBond Communities
    • Fergus Falls Area Habitat for Humanity
    • First Homes Properties
    • Goodhue County Habitat for Humanity
    • Habitat for Humanity Morrison County
    • Habitat for Humanity of Douglas County
    • Habitat for Humanity of WCM
    • Habitat for Humanity of West Central Minnesota
    • Habitat for Humanity South Central MN
    • Habitat for Humanity Winona County
    • Jillpine
    • Lakes Area Habitat For Humanity
    • North St. Louis County Habitat for Humanity
    • North Star Neighbors
    • Project for Pride in Living, Inc. (PPL)
    • Rice County Habitat for Humanity
    • Three Rivers Community Action
    • Twin Cities Habitat for Humanity
    • Two Rivers Habitat for Humanity
    • YardHomesMN
  • All Owner Types
    • All Owner Types
    • Home Ownership
    • Rental

DISCLAIMER: Minnesota Housing Partnership (MHP) is providing this Project listing as a public service and it is available to any developer, owner or administrator that believes the Project they are submitting is eligible to receive SHTC Designated Contributions. MHP reserves the right to reject any submitted material that appears to be incomplete, inappropriate and/or defamatory, and will make best efforts to contact the individual who submits the material to inform them of any such decision. The posted information is provided by the developer and the MHP makes NO representations as to the accuracy of the information.

Additional Information

Help finance affordable multifamily and single-family housing
throughout the state of Minnesota

CONTRIBUTION PROGRAM SUMMARY
PRESENTATION:
A PRIMER FOR DEVELOPERS
DETAILED PROGRAM
INFORMATION