2016 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.
2016 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., July 9, 2015. Interested developers should review the LIHTC Manual and Qualified Allocation Plan and all additional materials:
2016 LIHTC Manual (PDF)
Qualified Allocation Plan (EXHIBIT A) (PDF)
Declaration of Land Use Restrictive Covenants (Exhibit R) (DOC) – Revisions to the draft LURA effective June 3, 2015 pending.
2016 Additional LIHTC exhibits (PDF, 79 pages, 1,034 KB)
Additional Placed In Service Materials:
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.
Online information from the City of Minneapolis at MinneapolisMN.gov/CPED
Last updated Jun 3, 2015