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MINNEAPOLIS/SAINT PAUL HOUSING FINANCE WAREHOUSING TAX CREDIT 202019 QUALIFIED ALLOCATION PLAN AND APPLICATION Adopted July 17, 2018 [ ], 2019Changes made since the 45day neighborhood review notice
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The housing tax credit is a tax incentive program designed to encourage the development of affordable housing in Minneapolis.
Developers and owners of affordable housing properties are required to file for the housing tax credit.
To fill out the housing tax credit, developers and property owners must provide detailed financial information about their affordable housing projects.
The purpose of the housing tax credit is to incentivize the creation and preservation of affordable housing units.
Information such as total project costs, income and occupancy restrictions, and financing details must be reported on the housing tax credit form.
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