Local affordable housing aid; eligible uses of aid expanded, and deadline to spend aid on certain eligible uses modified.
Introduction and first reading, referred to Taxes
Summary
The bill broadens the projects that can receive local affordable‑housing assistance—adding emergency rental aid, financing for nonprofit providers, distressed‑property operations, supportive‑service staffing, and emergency‑shelter construction. It also sets new income‑target priorities, accessibility standards for new builds of more than four units, and changes the deadline for committing and expending the aid, with a later deadline for certain construction projects. The changes apply to Minnesota cities and counties that receive aid from the Minnesota Housing Finance Agency, effective for aid payable in 2027 and later.
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