Bill > SF915

This bill appropriates $100 million from state bond proceeds to the Minnesota Housing Finance Agency to support the rehabilitation of public housing. Specifically, the funds are designated for preserving housing for low-income persons and households that are publicly owned and originally financed by the federal government. The agency is encouraged to prioritize proposals that maximize federal or local resources and focus on health, safety, and energy improvements. The bill directs the commissioner of management and budget to sell and issue state bonds up to $100 million to fund this appropriation, following standard state bonding procedures outlined in Minnesota statutes and constitutional guidelines. Notably, the bill suspends certain existing priorities and restrictions in housing development funding, allowing more flexibility in how these rehabilitation funds can be used. The bill becomes effective immediately upon final enactment, providing a quick mechanism to support public housing infrastructure improvements.

Budget and Finance, Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0915&ssn=0&y=2025