Formula Grant F25SG270100

Housing Trust Fund Formula Grant Award Summary

The Minnesota Housing Finance Agency (MHFA) received a $3.13 million formula grant award from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Housing Trust Fund (CFDA 14.275) program on September 24, 2025. The grant extends through September 24, 2032, and supports the production, preservation, and rehabilitation of affordable rental housing targeting extremely low-income and very low-income households in Minnesota, with priority given to households earning at or below 30 percent of area median income.

Under this award, MHFA will deploy HTF resources to expand Minnesota's affordable housing supply through rental housing acquisition, construction, rehabilitation, and related supportive services. In accordance with program requirements, at least 80 percent of the obligated funds must be allocated to rental housing activities, with remaining allocations available for homeownership assistance (up to 10 percent) and administrative planning costs (up to 10 percent). MHFA must commit all funds to projects within 24 months and expend the full award amount within five years, while maintaining required documentation and submitting annual HTF allocation plans to HUD as part of its Consolidated Plan and Annual Action Plan processes.