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MN SF2578
Bill
Status
Introduced
3/12/2014
Primary Sponsor
James Metzen
Click for details
AI Summary
- Amends Minnesota Statutes section 383D.41 to add new subdivision 11 establishing threshold criteria for Dakota County Community Development Agency tax credit allocation
- Allows first-round allocation of low-income housing tax credits to new construction or substantial rehabilitation multifamily housing projects that are not age-restricted (55+)
- Eligible projects must be located within specified distances of public transportation: one-half mile of light rail/bus rapid transit/commuter rail, one-fourth mile of high-frequency local bus lines, one-half mile of park and ride lots, or one-fourth mile of high-service fixed route stops
- Defines "high-frequency local bus line" as service at least every 15 minutes between 6 a.m. and 7 p.m. weekdays and 9 a.m. to 6 p.m. Saturdays
- Defines "high-frequency express route" as six or more trips during peak morning hours between 6-9 a.m. with service every ten minutes during peak hour
Legislative Description
Dakota county community development agency allocation of low-income housing credits threshold criteria modification
Last Action
Referred to Taxes
3/12/2014
Committee Referrals
Taxes3/12/2014
Full Bill Text
No bill text available