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LIH TC Properties in Minnesota\'s 4th District (Betty McCollum) Through 2020LIHTC Properties in Minnesota\'s 4th District Through 2020Zip CodeNonprofit SponsorAllocation Perennial Allocated Mountain
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Gather all necessary financial information such as income, expenses, assets, and debts.
02
Determine the maximum amount you can afford to spend on housing each month.
03
Research affordable housing options in your area.
04
Fill out the long term affordability form with accurate financial information.
05
Submit the form to the appropriate housing agency or organization for review.

Who needs long term affordability for?

01
Individuals or families who are struggling to afford housing on their own.
02
Low-income households seeking affordable housing options.
03
Nonprofit organizations or government agencies that provide assistance with housing affordability.
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Long term affordability is for ensuring that housing remains affordable for low and moderate income households over an extended period of time.
Property owners or developers of affordable housing units are required to file long term affordability forms.
To fill out long term affordability forms, property owners or developers must provide information about the affordability restrictions on the housing units.
The purpose of long term affordability is to maintain the affordability of housing units for low and moderate income households in the long run.
Information such as income restrictions, rent limits, and lease terms must be reported on long term affordability forms.
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