The City of Minneapolis is stepping up its game to tackle the affordable housing crisis. If you're in the business of building or keeping homes accessible, take note: The 2025 9% Housing Tax Credit (HTC) program is now calling for project funding proposals—this might be the financial leg-up you need.
Spelled out in a recent bulletin, the purpose of this program is simple—to finance the production, preservation, or stabilization of affordable rental housing in the city. There's an open invitation to learn more over at the HTC Notice of Funding Availability (NOFA), for those interested. Just don't dilly-dally, because time is ticking, and deadlines matter.
Here are the deets: Applications go through SharePoint—no exceptions. Complete the SharePoint Access Form to kick things off and get all those necessary HTC materials in the right digital hands for submission. The city isn't playing around with latecomers; get your proposal in by 4:00 p.m., CDT, on July 25, 2024, or you might as well not bother. After that, it's lights out on SharePoint permissions.
Keep in mind that Minneapolis holds the cards and can call the shots at its sole discretion, not afraid to reject any and all applications that don't meet the mark. Questions? Emily Carr's your go-to, dropping knowledge at [email protected] or dialing in wisdom at 612-258-3065. The bulletin posted by the city lays it out plainly, for all those looking to dip into the funding pool.
