NOTICE:

Applications for the State Housing Tax Credit have closed for 2024.  Applications are expected to open up for 2025 in February.

THANK YOU!

We had a successful 2024.  Local donors supported our Habitat with $108,000 through the SHTC!  Thank you to all of the donors that chose this way to make a difference.

Interested in the SHTC for 2025?  Let us know by filling out the form and we will contact you when applications open.  Thanks!

State Housing Tax Credit Program

The new State Housing Tax Credit Program and Contribution Fund allows taxpayers to invest in housing across the state.

When you contribute, you support housing for all Minnesotans and can qualify for a state tax credit of 85% of your contribution!

IMPORTANT INFO

Before clicking on the application below, you will need the following information to ensure your donation is applied to the Fergus Falls Area Habitat project:

  • Project Name(s): The Rocket Build or 528 E St Charles

  • Developer/owner/administrator name: Stanley A. Carignan

  • Phone Number: 218-736-2905

  • Email: FergusHabitat@gmail.com

Who can contribute?
People or businesses that pays Minnesota taxes and meets eligibility requirements can contribute.

How much can I contribute?
To qualify for the tax credit, contributions must be at least $1,000 and cannot exceed $2 million each tax year.

How much is the credit?
You may be eligible for a state tax credit of 85% of the contribution.

How do I contribute?
To contribute to the State Housing Tax Credit Program and Contribution Fund, you will need to fill out an application.

After you submit your application and your application is accepted, you will:

  • Receive an email with documents to sign

  • Submit your contribution following the instructions contained in the email

  • Receive a tax credit certificate

    • Minnesota Housing issues within 30 days of receiving the signed documents and funds

If your application is not accepted, you will be notified with the reason why your application was declined.

What happens to my contribution?
Contributions will be used to develop and fund affordable housing throughout Minnesota.
Your contribution can go into a general housing fund. These contributions can be awarded to cities, federally recognized American Indian tribes, developers, nonprofits, public housing authorities and more.
You can also opt for your contribution to be awarded to a qualified project.

Questions?
To learn more and apply, visit mnhousing.gov and search for contribution fund. You can also email questions to statehtc.mhfa@state.mn.us.