Minnesota HF2148 establishes a locally controlled housing fund to assist in affordable housing production and acquisition.

Minnesota HF2148 establishes a locally controlled housing fund within the housing development fund. This fund will assist eligible recipients, including cities, counties, and housing authorities, in acquiring, rehabilitating, demolishing, or constructing housing. The fund aims to increase affordable housing stock, with requirements that housing must be accessible and not segregate residents based on income. The bill also mandates annual reporting on funded projects and their purposes, and requires eligible recipients to repay any outstanding balance upon selling locally controlled housing.

Minnesota HF2148 establishes a locally controlled housing fund to assist in affordable housing production and acquisition.

Minnesota HF2148 establishes a locally controlled housing fund within the housing development fund. This fund will assist eligible recipients, including cities, counties, and housing authorities, in acquiring, rehabilitating, demolishing, or constructing housing. The fund aims to increase affordable housing stock, with requirements that housing must be accessible and not segregate residents based on income. The bill also mandates annual reporting on funded projects and their purposes, and requires eligible recipients to repay any outstanding balance upon selling locally controlled housing.