The Affordable Housing Incentive Fund (AHIF) program funds the development of affordable housing units for very low-income households. Financial assistance is provided to municipalities, other government and nonprofit agencies, private and nonprofit housing developers and other lenders in supporting the creation or preservation of long-term affordable housing countywide, typically in the form of a deferred low-interest loan. Affordable Housing Incentive Fund operates under the Hennepin County Housing and Redevelopment Authority (HCHRA) Board of Commissioners.
AHIF loans are used for a variety of housing activities, including:
Housing activities can serve families, individuals, seniors and special needs populations. Type, terms and conditions of the AHIF financing will vary depending on the availability of funding resources and the proposed activity.
Program funding is typically part of an annual coordinated request for proposals (RFP). View the coordinated RFP webpage to learn how to apply.
Learn more about the coordinated request for proposals.
AHIF loans are awarded on a competitive basis, and priority is given to the following goals: