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MN HF2901
Bill
Status
Introduced
3/27/2025
Primary Sponsor
Kari Rehrauer
Click for details
AI Summary
- Amends Minnesota Statutes section 462A.40, subdivision 2 to expand allowable uses of funds from the Minnesota housing tax credit contribution account
- Adds supportive services in existing supportive housing as a new eligible use of grant and loan funds, referencing services enumerated in section 462A.37, subdivision 1, paragraph (k)
- Funds may continue to be used for multifamily and single family developments serving low and moderate income persons and families
- Existing allowable uses remain unchanged, including gap financing, new construction, acquisition, rehabilitation, demolition, construction financing, permanent financing, interest rate reduction, and refinancing
Legislative Description
Allowable uses of funds in the Minnesota housing tax credit contribution account expanded to include funding supportive services in supportive housing.
Last Action
Author added Johnson, W.
2/23/2026
Committee Referrals
Housing Finance and Policy3/27/2025
Full Bill Text
No bill text available