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MN SF4361

Bill

Official Source

Status

Introduced

3/29/2022

Primary Sponsor

David Dibble

Click for details

Origin

Senate

92nd Legislature 2021-2022

AI Summary

  • Transfers $25,000,000 from the general fund to the housing trust fund account under Minnesota Statutes section 462A.201

  • Directs the Housing Finance Agency commissioner to make grants to eligible low-income persons to purchase shares in limited equity cooperative housing units when buildings convert to that status

  • Limits grants to $20,000 or 25 percent of the cost of a share, whichever is less

  • Section expires June 30, 2026, with any remaining funds returning to the general fund

Legislative Description

Money transfer from the general fund to the housing trust fund for grants to low-income persons for purchase of shares in limited equity cooperative housing units

Last Action

Referred to Housing Finance and Policy

3/29/2022

Committee Referrals

Housing Finance and Policy3/29/2022

Full Bill Text

No bill text available