Low Income Housing Tax Credit - 2017 Application Materials

The deadline for 2017 applications has passed. Information about 2018 applications can be found here.

Public Notice Request for Applications Year 2017 Low-Income Rental Housing Tax Credit

The Housing and Redevelopment Authority (HRA) of the City of Saint Paul is accepting applications for the 2017 Federal Low-Income Housing Tax Credits for eligible rent housing developments located within the boundaries of the City of Saint Paul. 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. The HRA is anticipating an allocation of $755,842 of Low-Income Housing Tax Credits in 2017.

NOTE: Regarding ongoing Compliance requirements, the Housing Tax Credit Program Compliance Manual as well as other relevant tax credit compliance information is currently available at the Affordable Housing Connections website.

2017 Low-Income Housing Tax Credit Application Materials and Procedures

Application Materials

To make an application, it is essential that applicants read the Low-Income Housing Tax Credit Procedural Manual, Qualified Plan, and the requirements for all Exhibits before submitting an application. The Procedural Manual, Qualified Plan, and Exhibits may be picked up at the address listed below or printed directly from files as noted. Interested developers should review the 2017 LIHTC Manual, Qualified Allocation Plan, and all additional materials as follows:

  • For the Minnesota Housing Multi-Family Rental Common Application, please see: www.mnhousing.gov

Common Forms for all Funding and Collaborating Partners:

Saint Paul Sustainable Building Policy
All new construction projects receiving more than $200,000 in public investment must comply with Saint Paul Sustainable Building Policy. Projects that receive $200,000 or less must comply with the sustainable development standards known as the PED/HRA Sustainability Initiative.

Land Use Plan of the Saint Paul Comprehensive Plan

Application Fees

Initial Application Fee
An application fee made payable to Saint Paul Housing and Redevelopment Authority must also be submitted with the application. Applications submitted by for-profit developers shall be subject to an application fee of $700 or $30 times the number of units of the proposed developments with a maximum of $2,000 whichever amount is greater. The fee for applications submitted by non-profit developers shall be equal to $700. The application fee in either event is non-refundable.

Application Fee Upon Receipt of Award
At such time, a project is awarded an allocation of tax credits, the application will be required to submit payment of a nonrefundable Reservation Deposit made payable to the Saint Paul Housing and Redevelopment Authority in an amount equal to 1.5% of the tax credit allocation award. The applicant shall also pay at the time a Special Counsel Fee in the amount of $3,500 made payable to Briggs and Morgan for review of the application materials. The applicant shall pay additional fees of Special Tax Counsel not to exceed $3,500 at the time of each review for (1) a carry forward allocation and/or (2) a final allocation.

Other Fees
The MHFA now requires that a Suballocator who fails to meet deadlines established by MHFA for the submission of required documents relating to allocation or commitments, carryover, issuance, and allocation reporting shall pay the fees established in the MHFA Qualified Allocation Plan. Consequently, HRA, as a Suballocator, will also require that developers be responsible for meeting the deadlines related to its project and for payment of any related late fees. Upon request, all proposed applications and guideline materials can also be picked up at the Saint Paul Planning and Economic Development Department, 1100 City Hall Annex, 25 West Fourth Street, Saint Paul, MN 55102.

Application Submission Requirements

Please submit one original and two (2) copies of the application to:
Joseph Collins
Saint Paul Planning and Economic Development Department
1100 City Hall Annex, 25 West Fourth Street
Saint Paul, MN 55102

Qualified 501(c)(3) and 501(c)(4) nonprofit organizations are eligible to apply for low-income housing tax credits with HRA and/or with the Minnesota Housing Finance Agency (MHFA) through the Metro Twin Cities Area nonprofit set-aside pool. To make application for tax credits with MHFA, please call 651-297-3294. Please note that, though it is not anticipated, these materials are subject to change without notice.