Minnesota State Housing Tax Credit – an opportunity to benefit state taxpayers and new Beacon homes | On February 17, 2026 at 8 a.m. Central time, taxpayers can submit an application to contribute to the 2026 State Housing Tax Credit Contribution Fund. 

2026 State Housing Tax Credit – Updated January 28, 2026

Minnesota Housing has announced that the application for the 2026 Minnesota State Housing Tax Credit (SHTC) will open at 8 a.m. on February 17, 2026. Please select Beacon’s Gladstone Crossing when you submit your SHTC application. On February 17, 2026 at 8 a.m. Central time, taxpayers can submit an application to contribute to the 2026 State Housing Tax Credit Contribution Fund. 

Interested contributors are encouraged to designate their contribution as early as possible in 2026. In 2025, Minnesota Housing received requests for tax credits that exceeded the amount available in 2025. Please mark 02/17/26 on your calendar so that you are ready to apply to make a designated contribution to the SHTC and benefit Beacon homes as soon as the application opens.

If you are interested in news about Beacon’s designated contribution and the SHTC, please sign up to receive updates from Beacon direct to your inbox. Sign up here.

2026 priority designation: Gladstone Crossing

This year, we request you designate your Minnesota State Housing Tax Credit contribution for Beacon’s Gladstone Crossing in Maplewood, Minnesota.

Beacon’s Gladstone Crossing will provide about 40 high-quality, professionally managed apartment homes focused on creating a supportive environment for young families, some of whom make less than $30,000 a year. Our partner in this project is Solid Ground, a nonprofit based in White Bear Lake that has been working with young families experiencing housing instability for decades. Their onsite staff will help residents improve their physical and mental health, employment opportunities, education, financial literacy, and parenting skills. Supportive housing is a proven model for ending chronic homelessness and assisting people as they build strong foundations to move forward.

This is the second year Beacon has sought contributions from the SHTC program for Gladstone Crossing. Funds designated to Beacon’s Gladstone Crossing will help fill remaining gaps in funding that will set the development up for long-term success. We anticipate beginning construction in 2026, and families will move into Gladstone Crossing in 2027.

What is the Minnesota State Housing Tax Credit?

The Minnesota State Housing Tax Credit is an opportunity where you can invest $1,000, get $850 back, and deliver 1:6 leverage for affordable housing developments you care about.

Minnesota taxpayers (individuals and companies) can make a contribution of between $1,000 and $2,000,000 to the State Housing Tax Credit Program and receive 85% of that contribution returned to them as a tax credit on Minnesota income taxes. If you contribute more than you owe in 2026 state taxes, your credit can carry forward for up to ten years. This program will be repeated through the calendar year 2028.  We recommend you consult with a professional financial advisor before making your contribution.How is this different from my charitable contribution to Beacon?

Beacon still needs your charitable contribution! A charitable contribution is a gift that sustains our 501(c)(3) organization day-to-day and year-to-year. Your tax credit contribution should not take the place of your regular donation to Beacon. Annual gifts sustain the organization and our ability to put public resources to work in our communities. Your tax credit contribution is returned to you at $.85 on the dollar. Please consider using the tax credit return in whole or in part as a donation to Beacon.

To contribute to Beacon’s 2026 designated project:

• Learn more by visiting State Housing Tax Credit Program and Contribution Fund
• Use the online application to apply for a tax credit.
• Fill out the form.
  Under “contribution” choose specific qualified project.
• Use the following information to complete the form:
  • Type of Project: Multi-family
  • Name of Project: Gladstone Crossing
  • Developer/Administrator: Beacon Interfaith Housing Collaborative
  • Contact: Kevin Walker | kwalker@beaconinterfaith.org | 651-377-8161

Please share your contribution amount with Beacon once complete so we can track progress toward our total goal and thank you for your contribution! Email Heidi Goldman-Gray at hgoldman-gray@beaconinterfaith.org.

2025 Project Update – Gladstone Crossing

Thank you to all who designated their Minnesota 2025 SHTC contribution to Beacon’s Gladstone Crossing! Collectively, you invested $364,000 in the project which is slated to begin construction in 2026. Together with your sustained donations to Beacon, these funds will help create new homes and stability for our neighbors. To make a gift directly to Beacon, click here.

Questions can be directed to Heidi Goldman-Gray, Vice President of Advancement & Communications at hgoldman-gray@beaconinterfaith.org or 651-377-8182. We encourage you to contact your tax advisor or financial professional to best understand implications of this program for your individual situation.