Program Overview

The Minnesota Historic Structure Rehabilitation Tax Credit provides a 20 percent tax credit on qualified rehabilitation expenditures (QREs). The state tax credit follows the standards set up by the federal Historic Tax Credit (HTC), with matching requirements. The historic property must be an income-producing building and must receive federal HTC approval in order to receive the Minnesota tax credit. Applications are filed with the Minnesota State Historic Preservation Office under the Department of Administration. All potential work must be approved before work begins and must follow the Secretary of the Interior’s Standards for Rehabilitation.

In order to further incentivize investors, Minnesota also offers a grant in lieu of the credit equal to 90 percent of the allowable state tax credit.

Sunset date: June 30, 2021


Who can use the credit?

The credit is taken in the year the building is put into service and is refundable and transferable.


Featured projects

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Custom House

St Paul, MN
MIxed-Use

Client: Exeter and Nelson Construction & Development
Built: 1934, 1939, 1961
Project Costs: $116 million
HTC equity: Over $41 million
Completion Date: 2016

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Millwork Lofts

Minneapolis, MN
Affordable Housing

Client: Dominium Apartments
Built: 1926-1930
Project Costs: $34.3 million
HTC equity: Over $11.5 million
Completion Date: 2017


Important Links

Minnesota SHPO


Minnesota news