HF86 Summary

• Establishes the Metropolitan Area Redevelopment Corporation as a public corporation and political subdivision in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties to address adverse impacts of racial discrimination through economic development and housing initiatives.

• Creates a nine-member board appointed by the Executive Council, with all members required to be people of color or Indigenous persons; until December 31, 2025, members must live in areas affected by civil unrest between May 26-June 10, 2020.

• Board members receive $10,000 annual compensation and serve four-year terms (with initial staggered terms); the board must meet monthly and is subject to Minnesota's Open Meeting Law and Government Data Practices Act.

• Authorizes the corporation to award grants exclusively to nonprofit organizations led by people of color or Indigenous persons with at least 51 percent staff and board representation from these groups; requires at least 40 percent of annual funds go to organizations with budgets under $500,000.

• Requires the board to develop short-term and long-term redevelopment plans supporting small business ownership, property acquisition, community engagement, and organizational capacity building; mandates annual reporting to legislature by March 1 on grants awarded.