MN HF4374

Authorizes the Minnesota Housing Finance Agency to issue up to $250,000,000 in additional housing infrastructure bonds in one or more series.

Establishes annual debt service transfer schedule beginning July 15, 2024 through 2045 from the general fund to the housing infrastructure bond account, with amounts certified by the agency.

Appropriates $60,000,000 from bond proceeds to the Minnesota Housing Finance Agency for rehabilitation and preservation of public housing (low-income, federally-financed, publicly-owned housing).

Grants priority for public housing projects that maximize federal or local resources and prioritize health, safety, and energy improvements, while waiving certain existing restrictions on affordable housing supply requirements.

Authorizes the Commissioner of Management and Budget to sell and issue state bonds up to $60,000,000 for the public housing appropriation, effective the day following final enactment.