Minnesota HF1340 allows housing infrastructure bonds to fund adaptive reuse for supportive and permanent housing for low-income households.

Minnesota HF1340 amends state statutes to allow housing infrastructure bonds to finance adaptive reuse for supportive and permanent housing. This includes housing for households at or below 50 percent of the area median income. The bill also prioritizes projects that provide access to services for aging residents and those with disabilities. It aims to balance loans between metropolitan and non-metropolitan areas, and between larger and smaller cities.

Minnesota HF1340 allows housing infrastructure bonds to fund adaptive reuse for supportive and permanent housing for low-income households.

Minnesota HF1340 amends state statutes to allow housing infrastructure bonds to finance adaptive reuse for supportive and permanent housing. This includes housing for households at or below 50 percent of the area median income. The bill also prioritizes projects that provide access to services for aging residents and those with disabilities. It aims to balance loans between metropolitan and non-metropolitan areas, and between larger and smaller cities.