State Housing Tax Credit
Turn Your Tax Dollars Into Homes and Opportunity
Maximize Your Impact: Direct Your Tax Credit to PPL
In 2022, the state passed an exciting and innovative new tool for affordable housing. The Minnesota State Housing Tax Credit (SHTC) program is a way for Minnesota individuals and businesses to finance affordable single and multifamily housing throughout the state, while receiving credit on their state taxes.
Update as of 2/17/26 at 5 PM:
Minnesota Housing has announced that the State Housing Tax Credit (SHTC) Contribution Fund is no longer accepting applications. Demand for 2026 credits exceeded available funds within hours of the program opening.
We are deeply grateful to the individuals and partners who moved quickly to invest in affordable housing through PPL projects.
Minnesota Housing will now review submitted applications and notify contributors directly regarding next steps.
For more information click here to visit MN Housing
Please note: Tax credit allocation is determined solely by Minnesota Housing and is subject to program capacity limits.
2026 Eligible Projects
PPL has three eligible projects available for contribution in 2026. Click a project name below to see the full project description on the Minnesota Housing Partnership’s website.
How It Works
Through the Minnesota Housing Finance Agency’s contribution program, you can contribute to one of PPL’s qualified housing development projects and receive an 85% state tax credit.
That’s 85 cents back on every dollar contributed.
Contributions from qualified individuals and businesses begin at $1,000 and are capped at $2 million.
Questions?
For more information about the program or to make contributions, please visit MN Housing's website.
Questions about PPL’s projects? Email Lilly Schwartz.