Notice of Public Hearing on the Adoption of a Qualified Allocation Plan Relating to the Allocation of Low Income Housing Tax Credits

NOTICE IS HEREBY GIVEN that the Dakota County Community Development Agency (the “Agency”) will meet on Tuesday, February 26, 2019, at or after 3:30 p.m. at its offices located at 1228 Town Centre Drive, Eagan, Minnesota 55123, for the purpose of conducting a public hearing regarding the adoption of its 2020 Qualified Allocation Plan, which has been prepared in compliance with Section 42 of the Internal Revenue Code of 1986, as amended (“Code”). Section 42 of the Code authorizes housing credit agencies such as the Agency to allocate low income housing tax credits (“Tax Credits”) to owners of qualified residential rental projects. The 2020 Qualified Allocation Plan establishes selection criteria to be used by the Agency in the allocation of Tax Credits in Dakota County. All persons interested may appear and be heard at the time and place set forth above.

A draft of the 2020 Qualified Allocation Plan draft can be referenced below. The draft plan is also located on our Housing Finance Resources page.

2020 Qualified Allocation Plan DRAFT