Minneapolis Affordable Housing Trust Fund
Minneapolis provides gap financing for affordable rental housing production and preservation through the Affordable Housing Trust Fund.
About this program
The Minneapolis Affordable Housing Trust Fund is a competitive local financing source for affordable rental housing development and preservation projects. The program helps developers fill financing gaps for projects that create or preserve affordable units in Minneapolis, with awards typically made through a Notice of Funding Availability process and subject to City affordability, underwriting, design, and compliance requirements.
Eligibility
Affordable housing developers, nonprofit housing organizations, and eligible project sponsors with rental housing development or preservation projects in Minneapolis may apply during City funding rounds.
Requirements
- Project must be located in Minneapolis.
- Project must create or preserve affordable rental housing.
- Applicant must apply through the City's affordable housing funding process.