MN HF2031

Increases the Minnesota Housing Finance Agency's authority to issue housing infrastructure bonds from $30,000,000 to $110,000,000 total ($80,000,000 additional authorization).

Expands eligible uses for bond proceeds to include community land trust acquisitions in foreclosure priority areas and adds veterans to preference categories for permanent supportive housing funding.

Appropriates $20,000,000 from bond proceeds to the Minnesota Housing Finance Agency for rehabilitation of federally-financed public housing owned by public housing authorities with composite scores of 80 or above.

Authorizes the commissioner of management and budget to issue up to $20,000,000 in state bonds to fund the public housing rehabilitation appropriation.

Establishes annual debt service payments of up to $6,400,000 from the general fund from July 15, 2015 through 2037 for the additional housing infrastructure bonds issued under the new authorization.