Minnesota Housing and its partners are pleased to announce the 2021 Consolidated Request for Proposals (RFP) is now open for applications.
The annual Consolidated RFP process makes funding available to help build and preserve homes that are affordable in communities throughout Minnesota. With your partnership, we can help Minnesotans live and thrive in a safe, stable home they can afford in a community of their choice.
We know that the affordable housing industry is not immune to the impacts of COVID-19 and the economic downturn. The rising cost of materials and construction is impacting the cost of new production and preservation of existing homes and developments. Minnesota continues to struggle with an insufficient supply of single-family homes and apartments people can afford. The Agency’s resources are critical to bringing more developments to fruition to help meet the demand.
This year brings a new Qualified Allocation Plan, and with it, an emphasis on serving lower income households and longer-term affordability.
You’ll see changes that reflect Minnesota Housing’s interest in engaging ownership and development teams led by women or by Black, Indigenous or people of color.
Also new this year is an added eligible use for Housing Infrastructure Bonds: financing the construction of new single-family homes.
Thank you to all our funding partners involved in this Consolidated RFP, including the Metropolitan Council, Ramsey County and Greater Minnesota Housing Fund.
Read on for the latest guidance for single-family and multifamily applications and for contacts for technical assistance.