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Saint Paul Low-Income Housing Tax Credits
Saint Paul allocates federal low-income housing tax credits to finance eligible affordable rental housing projects.
About this program
The City of Saint Paul administers low-income housing tax credits as part of its affordable housing finance toolkit. Eligible affordable rental housing developers can apply for credits to generate investor equity for new construction, acquisition, or rehabilitation projects that create or preserve income-restricted rental housing in Saint Paul.
Eligibility
Affordable rental housing owners and developers with eligible projects in Saint Paul may apply through the City's housing tax credit allocation process.
Requirements
- Project must be an eligible affordable rental housing project in Saint Paul.
- Applicant must apply through the City's low-income housing tax credit process.
- Project must meet federal tax credit eligibility, affordability, and compliance requirements.