All applications, including those mailed, must be received no later than 4 p.m. on Friday, July 12, 2013.
NO LATE PROPOSALS WILL BE ACCEPTED. THE SAINT PAUL HOUSING AND REDEVELOPMENT AUTHORITY RESERVES THE RIGHT TO REJECT ANY OR ALL PROPOSALS.
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 2014 LIHTC Manual, Qualified Allocation Plan, and all additional materials as follows:
Saint Paul Sustainable Building Policy
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.
Initial Application Fee
Application Fee Upon Receipt of Award
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.
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 $3,000 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 $3,000 at the time of each review for (1) a carry forward allocation and/or (2) a final allocation.
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.
Application Submission Requirements
Please submit one original and three (3) copies of the application to:
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.
For more information, please call Joe Collins at 651-266-6020
or email questions to
Updated December 27, 2013.