MINNESOTA HOUSING FINANCE AGENCY NOTICE OF PUBLIC HEARING ON AMENDED 2018 HOUSING TAX CREDIT ALLOCATION PLAN The Minnesota Housing Finance Agency (Minnesota Housing) will hold a public hearing pursuant to Section 42 of the Internal Revenue Code of 1986, the Amended 2018 Tax Credit Qualified Allocation Plan. The public hearing will be held at the time and place listed below: Thursday, February 9, 2017 9:00 A. M. to 11:00 A. M. Jelatis Conference Room, Third Floor Minnesota Housing Finance Agency 400 Sibley Street, Suite 300 St. Paul, MN The Omnibus Budget Reconciliation Act of 1989 (OBRA) requires that Housing Tax Credit Allocating Agencies develop a plan for allocating tax credits within their jurisdiction, setting forth criteria to determine priorities for selection of developments to receive tax credits. The OBRA also requires Tax Credit Agencies to hold a public hearing to receive public comment on the Allocation Plan. The above public hearing is for the Amended 2018 Allocation Plan developed by Minnesota Housing, in cooperation with local government representatives, for use within the Tax Credit Allocation jurisdiction of Minnesota Housing. Other Tax Credit Suballocating Agencies in Minnesota will be holding public hearings for their areas of jurisdiction. Currently, the following cities and counties are eligible to be Suballocating Agencies in Minnesota: Duluth, St. Cloud, Rochester, Minneapolis, St. Paul, Washington County and Dakota County. All persons interested will be given an opportunity to express their views. In order to more effectively plan for the conduct of the hearings, persons desiring to speak at the hearing must so request in writing at least 24 hours before the hearing. Oral remarks by any person will be limited to 10 minutes. Written comments may also be submitted to the undersigned, and will be considered at the hearing. Note that this public hearing is not a workshop or training session, but is intended to solicit the comments of the public. Copies of summaries of the proposed changes to the Housing Tax Credit Procedural Manual and Qualified Allocation Plan are available at the address listed below, by written or phone request or by checking the Minnesota Housing web site. Minnesota Housing Finance Agency Multifamily Underwriting Housing Tax Credit Program 400 Sibley Street, Suite 300 St. Paul, MN 55101-1998 651-296-4451 www.mnhousing.gov
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