Bill > SF1799

This bill expands the Minnesota Housing Finance Agency's ability to issue housing infrastructure bonds by adding "adaptive reuse" as an eligible method for developing supportive and permanent housing. Specifically, the bill allows housing infrastructure bonds to be used for converting existing buildings into housing for specific populations, including supportive housing for individuals without permanent residences and permanent housing for households at or below 50 percent of the area median income. The bill maintains existing preferences for housing projects, such as prioritizing permanent supportive housing for veterans and individuals who have experienced chronic housing instability, and giving preference to projects serving households at lower income levels. Additionally, the bill includes provisions for accessibility in new construction, requiring that buildings with more than four units include a certain percentage of accessible and sensory-accessible units with specific design features like roll-in showers, soundproofing, and low-chemical materials. The goal is to provide more flexible financing options for creating affordable and accessible housing across Minnesota, particularly for vulnerable populations.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1799&ssn=0&y=2025