GRANTRADAR/Grant Programs/Economic Development and Housing Challenge Program (EDHC)
Minnesota StateDirect GrantStackable

Economic Development and Housing Challenge Program (EDHC)

Administered by Minnesota Housing Finance Agency · Minnesota

BENEFIT
Negotiated / contact agency
Deadline type: annual

Eligibility Requirements

  • 1Construction, purchase, financing, and redevelopment of single-family homes and multifamily rental properties
  • 2Owner/tenant income limit is 115% AMI for homes, 80% AMI for rentals
  • 3Primary source of workforce housing with economic development goal
  • 4Preference for projects with nonstate resources invested

Eligible Project Types

Affordable HousingMultifamilyResidentialMixed Use
STACKING POTENTIAL

Economic Development and Housing Challenge Program (EDHC) is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN
View the Economic Development and Housing Challenge Program (EDHC) compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Minnesota Housing Finance Agency official program page ↗ · Last verified 2026-06-23
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STACKABLE WITH
Michigan Community Revitalization Program
Up to $10M · Direct Grant
Michigan Historic Preservation Tax Credit
25% credit · Tax Credit
Michigan Brownfield TIF
Negotiated / contact agency · Tax Increment Financing
Michigan Business Development Program
Up to $10M · Direct Grant
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