2014 Low-Income Housing Tax Credit Request For Proposals

The Minneapolis Community Planning and Economic Development (CPED) Department periodically requests proposals for the Low-Income Housing Tax Credit (LIHTC) program for qualified residential rental properties located in the City of Minneapolis.

The program offers a reduction in the tax liability to owners and investors in eligible low-income new construction, rehabilitation and/or acquisition of existing rental buildings.

NOTE: Current HOUSING TAX CREDIT PROGRAM COMPLIANCE MANUAL as well as other relevant tax credit compliance information is available at Affordable Housing Connections.

Applications materials:

2014 LIHTC Developer Letter – a copy of the letter that was sent to known tax credit developers announcing this year's request for proposals.

All applications, including those mailed, must be received no later than 4:00 p.m., June 28, 2013. Interested developers should review the LIHTC Manual and Qualified Allocation Plan and all additional materials:

Minnesota Multifamily Rental Housing Common Application

2014 LIHTC Manual (PDF, 41 pages, 114 KB)

Qualified Allocation Plan (EXHIBIT A) (PDF, 19 pages, 62 KB)

Self Scoring Worksheet (Exhibit E) (DOC, 5 pages, 79 KB)

Determination of Tax Credit (HTC-8) (Exhibit I) (DOC, 1 page, 122 KB)

Qualified Census Tracts and Map (Exhibits C) (PDF, 2 page, 177 KB)

Non-Concentrated Areas of Race and Poverty Map (Exhibit V) (PDF, 1 page, 81 KB)

TOD Scoring Criteria Map (Exhibit Z) (PDF, 1 page, 229 KB)

Rent and Income Limits (Exhibit O) (PDF, 1 page, 218 KB)

Declaration of Land Use Restrictive Covenants (Exhibit R) (DOC, 15 pages, 151 KB) – updated as of 9/2004 per Revenue Ruling 2004-82

2014 Additional LIHTC exhibits (PDF, 79 pages, 1,034 KB)

Additional Placed In Service Materials:

Building Map

All proposed application and guideline materials can also be picked up at CPED, Crown Roller Mill Suite 200, 105 5th Ave. S., Mpls., MN 55401.

Please note that, though it is not anticipated, these materials are subject to change without notice.

Please contact Dollie Crowther at (612) 673-5263 or Scott Ehrenberg at (612) 673-5067 with questions.

Online information from the City of Minneapolis at MinneapolisMN.gov/CPED

Last updated May. 21, 2013