MN SF4126

Authorizes the Minnesota Housing Finance Agency to issue up to $30,000,000 in housing infrastructure bonds to finance affordable housing projects and other housing initiatives.

Adds a new financing purpose allowing bonds to fund affordable housing projects with mixed income levels, requiring either at least 20 percent of units affordable to households at or below 50 percent of area median income, or at least 40 percent affordable to households at or below 60 percent of area median income.

Establishes that mixed-income projects must have no units exceeding 80 percent of area median income affordability and require at least 50 percent of the project (or minimum 20 units) to serve purposes such as supportive housing, foreclosed property rehabilitation, senior housing, or single-family housing.

Requires the agency to prioritize mixed-income affordable housing projects with the most units affordable to households at or below 30 percent of area median income.

Maintains existing requirements to balance loans between metropolitan and non-metropolitan areas, and between smaller and larger communities in non-metropolitan regions.