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St. Paul HRA endorses temporary QAP change to allow 15-year downtown affordability for some 4% tax-credit projects
Summary
The St. Paul Housing and Redevelopment Authority on a 5–2 vote endorsed a temporary change to the Minneapolis–Saint Paul Housing Finance Board’s 2026–27 Qualified Allocation Plan to allow certain 4% low-income housing tax-credit projects downtown to meet a 15-year minimum affordability period.
The St. Paul Housing and Redevelopment Authority on a 5–2 vote on November 2025 endorsed amendments to the Minneapolis–Saint Paul Housing Finance Board’s 2026–27 Qualified Allocation Plan (QAP) to allow select 4% low-income housing tax-credit projects in downtown St. Paul to carry a 15-year minimum affordability period for projects using the increased federal tax-credit capacity.
Director McMahon told commissioners the change is intended to help downtown projects move forward by leveraging federal tax-law changes that increase 4% tax-credit capacity beginning January 2026. “Just quick reminders, this is only for the 4% credits,” Director McMahon said, and the amendment applies only to the 2026–27 QAP and will return to the agency for review after that period.
Council President Commissioner Naker argued the change is a targeted, time-limited…
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