What is the opportunity?
The State Housing Tax Credit Program allows Minnesota taxpayers (individuals and businesses) to accelerate growth of affordable housing through an exceptional 85% tax credit on dollars contributed to select developments.
In 2027, Aeon’s property, The Exodus (below), is qualifying as a State Housing Tax Credit project!
How do I QUALIFY?
- Apply with Minnesota Housing and get accepted. During this process you will select where you’d like your contribution to go.
- Donate between $1,000 and $2 million during the taxable year.
- Receive a tax credit certificate from Minnesota Housing.
How do I CONTRIBUTE?
Applications to contribute to the 2027 State Housing Tax Credit Contribution Fund open early next year!
All details will be published as they become available at the link below.
Exodus
Exodus will be both a renovation of an existing property and a new construction addition. Currently under construction, the building is planning to open in the spring of 2027.
The community will provide permanent supportive housing in a total of 72 units available to community members transitioning out of homelessness with persistent mental and/or physical disabilities.