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A bill for an act
relating to housing; modifying eligible projects for the greater Minnesota housing
infrastructure grant program; appropriating money for the greater Minnesota
housing infrastructure grant program; authorizing the sale and issuance of state
bonds; amending Minnesota Statutes 2024, section 462A.395, subdivision 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 462A.395, subdivision 3, is amended to read:
Subd. 3.
Eligible projects.
Housing projects eligible for a grant under this section
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may
be
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include:
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(1)
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a single-family or
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a
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multifamily housing development,
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and
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either owner-occupied
or rental
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.
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;
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(2) housing projects funded under section 462A.39; and
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Housing projects eligible for a grant under this section may also be
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(3)
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a manufactured
home development qualifying for homestead treatment under section
273.124, subdivision
3a
.
Sec. 2.
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GENERAL OBLIGATION BONDS; GREATER MINNESOTA HOUSING
INFRASTRUCTURE GRANT PROGRAM.
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Subdivision 1.
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Appropriation.
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$15,000,000 is appropriated from the bond proceeds
fund to the Minnesota Housing Finance Agency for grants under the greater Minnesota
housing infrastructure grant program under Minnesota Statutes, section 462A.395.
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Subd. 2.
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Bond sale.
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To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $15,000,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
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EFFECTIVE DATE.
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This section is effective the day following final enactment.
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