Carpenter wage policy adopted
Minnesota Housing Finance AgencyMinnesota- Detected
- Sep 24, 2026
- 42 days ago
- Sector
- Legal & Compliance
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From the meeting
At its September 24, 2026 meeting, Minnesota Housing approved a policy letting certain Low-Income Housing Tax Credit-only projects use the federal Davis-Bacon residential carpenter wage rate instead of the state commercial carpenter rate. The policy applies only to up-to-six-story, wood-frame residential projects funded solely with HTCs and in counties where the federal rate is not more than 25% lower than the state rate. The authority expires on December 31, 2027, so developers and affordable housing teams have a short window to use it.
- Meeting date
- September 24, 2026
- Agency
- Minnesota Housing Finance Agency
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