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MN HF4448
Bill
Status
3/21/2022
Primary Sponsor
Mohamud Noor
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AI Summary
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Establishes a grant program administered by the Housing Finance Agency to provide grants to nonprofit organizations for installation of sprinkler systems in high-rise residential buildings.
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Limits eligible buildings to existing residential buildings owned by nonprofits where at least one occupied story is 75 feet or more above the lowest level of fire department vehicle access and at least 2/3 of units are rented to individuals or families earning up to 50 percent of area median income paying no more than 30 percent of income on rent.
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Sets maximum grant amount at $250,000 per eligible building.
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Appropriates $5,000,000 from the general fund in fiscal year 2023 to the Housing Finance Agency, with funds available until expended.
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Expires June 30, 2025.
Legislative Description
Housing Finance Agency grant program for residential building sprinkler system grant program established, and money appropriated.
Last Action
Introduction and first reading, referred to Housing Finance and Policy
3/21/2022