The Affordable Housing Incentive Fund (AHIF) provides capital financing to create or preserve long-term affordable housing units throughout Hennepin County for very low-income households. Applicants may include government agencies, nonprofit organizations, housing developers or lenders. Financing may support acquisition, rehabilitation and new construction activities.
Coordinated affordable housing development RFP
Hennepin County offers several capital funding opportunities, as well as other programs, to support housing development projects throughout the county. To maximize county resources and make the application process more efficient for those seeking funding, the county solicits an annual coordinated affordable housing development request for proposals (RFP) every year. Programs that may be included in the annual RFP are listed below with more information.
2025 Coordinated Affordable Housing Development RFP
Hennepin County will release its 2025 Coordinated Affordable Housing Development RFP in mid-December 2024. Funds available in the 2025 RFP include:
- Supportive housing strategy capital funds to create and preserve supportive housing.
- Affordable Housing Incentive fund (AHIF), which funds multifamily housing development proposals across Hennepin County.
- HOME Investment Partnerships (HOME), which can fund multifamily or single-family affordable housing developments, with some geographic restrictions.
- Hennepin Homeownership Assistance Fund, which supports the creation of affordable homeownership opportunities through new construction, acquisition, rehabilitation, and other activities.
Coordinated affordable housing development proposals will be due in late January 2025
Anticipated 2025 Coordinated RFP timeline
- RFP release: anticipated mid-December 2024
- RFP information session: Tuesday December 17, 2-3:30 pm
- Technical assistance sessions: January 6-17, 2025
- Proposals due: late January 2025
Proposals must be submitted via the Hennepin County Housing and Economic Development portal.
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Hennepin County created the supportive housing strategy to invest additional capital, operating, and service funding to support Hennepin County’s most vulnerable residents, including those with a combination of extremely low-incomes and other conditions or challenges to stable housing.
The HOME Investment Partnerships Program (HOME) is a flexible federal grant program that allows Hennepin County to fund affordable housing activities for very low and low-income families or individuals, homeless families, and persons with special needs.
Current HOME funded projects are listed in the annual Consolidated Action Plan. Recently completed projects are listed in the Consolidated Annual Performance and Evaluation Reports (CAPER).
Learn more about federal housing programs at Hennepin County.
Launched in 2023, the Hennepin Homeownership Assistance Fund (HHAF) supports the creation of homeownership opportunities through new construction, homebuyer assistance, and other activities. The RFP for HHAF includes a portion of this fund for capital to support the creation of new homeownership opportunities.
Learn more about the Hennepin Homeownership Assistance Fund.