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MN SF2837

Bill

Status

Introduced

3/1/2018

Primary Sponsor

Mark Koran

Click for details

Origin

Senate

90th Legislature 2017-2018

AI Summary

  • Authorizes the agency to issue up to $30,000,000 in aggregate principal amount of housing infrastructure bonds in one or more series for specified purposes.

  • Adds a new eligible use for housing infrastructure bonds to finance acquisition, improvement, and infrastructure of manufactured home parks, with land to be leased to low- and moderate-income manufactured home owners.

  • Expands the manufactured home park redevelopment program to provide grants or loans to cities, counties, community action programs, nonprofit organizations, and cooperatives for acquisition, improvements, and infrastructure including storm shelters and community facilities.

  • Allows housing infrastructure bonds to fund loans for manufactured home park infrastructure where the land portion is leased to low- and moderate-income manufactured home owners under the redevelopment program.

Legislative Description

Housing infrastructure bonds used to finance manufactured housing park infrastructure for lease to low-and moderate-income manufactured home owners authorization

Last Action

Comm report: To pass and re-referred to Agriculture, Rural Development, and Housing Finance

3/21/2018

Committee Referrals

Agriculture, Rural Development, and Housing Finance3/21/2018
Agriculture, Rural Development, and Housing Policy3/1/2018

Full Bill Text

No bill text available