Bill > HF1709

This bill provides funding and authorizes bonding for the Greater Minnesota Housing Infrastructure program, which aims to support housing development in areas outside of the Twin Cities metropolitan region. Specifically, the bill transfers $4,000,000 from the bond proceeds fund to the housing development fund in fiscal year 2026 and appropriates those funds to the Minnesota Housing Finance Agency for the Greater Minnesota Housing Infrastructure grant program, which is established under Minnesota Statutes, section 462A.395. To finance this transfer, the commissioner of management and budget is authorized to sell and issue up to $4,000,000 in state bonds, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill's provisions will take effect immediately after final enactment, providing immediate support for housing infrastructure development in Greater Minnesota communities. By allocating these funds, the bill seeks to address housing needs and support economic development in Minnesota's smaller cities and rural areas.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1709&ssn=0&y=2025