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MN SF4133
Bill
Status
Introduced
3/9/2020
Primary Sponsor
John Hoffman
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AI Summary
- Requires senior living apartments in Anoka County to reduce monthly rent for all current residents by at least $100 per month.
- Applies only to facilities that are residential buildings with 160+ rentable units and at least four stories tall that house persons age 55 and older.
- Requires facilities to be funded through affordable housing tax credits under Section 42 of the Internal Revenue Code and located within one mile of the Mississippi River in a second-class city with at least 60,000 inhabitants.
- Becomes effective the day following final enactment and applies to all leases entered into on or before that date.
Legislative Description
Senior living rental properties current rent reduction requirement
Last Action
Referred to Family Care and Aging
3/9/2020
Committee Referrals
Family Care and Aging3/9/2020
Full Bill Text
No bill text available