Minnesota Housing Finance Agency announces the availability of funds using the Minnesota Multifamily Rental Housing Common Application (Common Application). Funds are available to assist in the development, construction, acquisition, refinance, demolition, or rehabilitation of affordable rental housing for low and moderate-income residents of Minnesota. Limited amounts of funding are available for operating subsidies for new or existing Minnesota Housing financed housing developments, as well as funding for rental assistance programs. The funding represents an effort to address communitiesÕ comprehensive housing needs and to foster stronger communities. Housing Tax Credits offer a ten-year reduction in tax liability to owners . . .