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MN SF3766

Bill

Status

Introduced

3/22/2018

Primary Sponsor

Dan Hall

Click for details

Origin

Senate

90th Legislature 2017-2018

AI Summary

  • $25,000,000 appropriated from the general fund in fiscal year 2019 to the commissioner of housing finance for a developer grant for construction or financing of approximately 138-unit mixed-use, multifamily development at 900 Cedar Avenue South, Minneapolis.
  • Development must include retail space and both affordable and market rate rental properties, with developer required to provide matching funds.
  • $300,000 appropriated from the general fund in fiscal year 2019 to the commissioner of employment and economic development for the job creation fund under Minnesota Statutes, section 116J.8748.
  • Commissioner of employment and economic development shall certify the 900 Cedar Avenue South developer as eligible to receive the job creation award.
  • Appropriations are onetime only and available until expended.

Legislative Description

Minneapolis mixed-use multifamily housing grant appropriation

Last Action

Referred to Jobs and Economic Growth Finance and Policy

3/22/2018

Committee Referrals

Jobs and Economic Growth Finance and Policy3/22/2018

Full Bill Text

No bill text available