Home investment partnerships program

The Department of Housing and Urban Development awarded the Minnesota Housing Finance Agency $8.351 million under the Home Investment Partnerships Program on September 24, 2025, for affordable housing development and assistance activities extending through September 30, 2034. The formula grant funds the acquisition, rehabilitation, and construction of rental housing for low and very low-income households; rehabilitation of owner-occupied housing; homebuyer assistance; and tenant-based rental assistance. Minnesota Housing Finance Agency administers the award from St. Paul, Minnesota, and uses it as part of a broader portfolio of HUD formula grants that also includes Housing Trust Fund allocations and Housing Opportunities for Persons with AIDS grants serving vulnerable populations across the state. The agency leverages these federal resources to deliver permanent housing placement, transitional assistance, and supportive services coordination including case management and healthcare coordination. Recipients and sub-recipients must maintain records documenting affordability periods and program compliance for five years beyond the required retention period and comply with 24 CFR Part 91 planning and certification requirements.