S.F. No. 4289 Summary

• Adds affordable housing covenants created by government entities to the list of exemptions from the 30-year expiration requirement for private property covenants, conditions, and restrictions.

• Exempts declarations or other instruments required by a government entity related to affordable housing from the automatic termination of validity that normally occurs 30 years after creation.

• Preserves long-term affordability requirements on housing by preventing government-mandated affordable housing covenants from expiring under Minnesota Statutes section 500.20, subdivision 2a.

• Applies to covenants created by declarations or other instruments where a government entity mandates affordability restrictions as a condition of housing development or approval.