MN Housing Tax Credit Program

In 2022, an exciting and innovative new tool for affordable housing was passed.  The Minnesota State Housing Tax Credit program is a new way to help finance multifamily and single-family housing that is affordable throughout the state of Minnesota. 
 
Beginning in October 2023, eligible Minnesota taxpayers (individual and corporate) will be able to contribute to the contribution fund and, in return, receive a state tax credit. Contributors can designate specific qualified projects or contribute to the general pool. PPL affordable housing developments can benefit from this program when our projects are designated. 

For More Information

For more information about the program or to make contributions, please visit MN Housing's website. 
 
For more information about PPL projects that could benefit from this program right now, please download the full project descriptions page.

Eligible projects include

• Opportunity Crossing at 3030 Nicollet: Opportunity Crossing at 3030 Nicollet will be a 6-story mixed-use community with 110 units over ground floor commercial at a transit and amenity rich location near Lake and Nicollet in Minneapolis. 
• Union Park Flats: Tax credit proceeds would support a solar installation at Union Park Flats (UPF), which will be a three story, 60-unit affordable apartment building currently under construction at 3700 Alabama Ave. S., St. Louis Park.
• East 7th: A new multifamily residential building at 892 East 7th Street in the East Side neighborhood of St. Paul is a redevelopment effort on a vacant lot that was formerly part of the 3M's St. Paul campus.

Questions?  Email or call Senior Vice President Karla Henderson: karla.henderson@ppl-inc.org or (612) 455-5103