Bill > SF1339

This bill authorizes a $20 million general obligation bond issue for the Greater Minnesota Housing Infrastructure grant program. Specifically, the bill appropriates $20 million from bond proceeds to the Minnesota Housing Finance Agency, which will transfer the funds to the housing development fund to support housing infrastructure in Greater Minnesota. The commissioner of management and budget is authorized to sell and issue state bonds up to this amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bonds will be used to fund housing development initiatives in rural and smaller communities across Minnesota, with the aim of addressing housing infrastructure needs. The bill becomes effective immediately after it is enacted, providing a timely mechanism for supporting housing development in Greater Minnesota regions that may face challenges in housing infrastructure investment.

Budget and Finance, Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1339&ssn=0&y=2025