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MN SF3790
Bill
Status
Introduced
2/27/2020
Primary Sponsor
Rich Draheim
Click for details
AI Summary
- Agency must award points in decision-making criteria for all programs based on how quickly a project can be constructed.
- Agency shall not finance a housing project when the cost-per-unit of state-financed housing exceeds the median single family house cost in the municipality or township where construction occurs.
- Beginning with applications made after July 1, 2020, results of quantitative scoring systems used to rank applications must be posted on the agency website.
- When insufficient bonding authority exists for multiple residential rental projects at the same priority level, available authority shall be awarded by giving preference to projects with lower cost-per-unit of housing.
- Housing infrastructure bonds are authorized up to $30,000,000 for supportive housing, foreclosed/abandoned housing rehabilitation, community land trusts, manufactured home parks, senior housing, and federally assisted rental housing.
Legislative Description
Housing grants and loans criteria modification
Last Action
Comm report: To pass and re-referred to Agriculture, Rural Development, and Housing Finance
3/4/2020
Committee Referrals
Agriculture, Rural Development, and Housing Finance3/4/2020
Agriculture, Rural Development, and Housing Policy2/27/2020
Full Bill Text
No bill text available