MN HF2784

Appropriates $20,000,000 from bond proceeds to the Minnesota Housing Finance Agency for rehabilitation of public housing, with priority given to proposals that maximize federal or local resources and limited to public housing authorities with composite scores of 80 or above.

Authorizes the sale and issuance of up to $110,000,000 in additional housing infrastructure bonds for supportive housing, foreclosed/abandoned housing, community land trusts, federally assisted rental housing, and senior housing.

Adds senior housing as an allowable use of housing infrastructure bonds, with priority given to projects that maintain affordability, leverage other funding sources, and provide aging-in-place services to residents.

Defines "senior housing" as housing for persons 55 and older with annual income not exceeding 50 percent of area median income, with at least 80 percent of units occupied by seniors, and establishes requirements for aging-in-place service plans.

Establishes annual appropriations from the general fund beginning in 2018 through 2039 to cover debt service on the new $110,000,000 in housing infrastructure bonds.