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MN HF3451

Bill

Status

Introduced

2/17/2020

Primary Sponsor

Alice Hausman

Click for details

Origin

House of Representatives

91st Legislature 2019-2020

AI Summary

  • Adds covenants, conditions, or restrictions created by a declaration or other instrument required by a government entity related to affordable housing to the list of exemptions from the 30-year expiration rule under Minnesota Statutes 2018, section 500.20, subdivision 2a.

  • Affordable housing covenants required by government entities are now exempt from automatically expiring after 30 years, allowing them to remain valid and enforceable indefinitely.

  • This exemption is added as clause (8) to the existing list of covenants that do not expire under the 30-year rule, including condominiums, cooperatives, and common interest communities.

Legislative Description

Covenants of affordable housing deeds or instruments added to list of exemptions.

Last Action

Second reading

3/11/2020

Committee Referrals

Housing Finance and Policy2/17/2020

Full Bill Text

No bill text available