Minnesota HF2480 authorizes housing and redevelopment authorities to create public corporations for managing properties converted under the federal.

Minnesota HF2480 amends state statutes to allow housing and redevelopment authorities to establish public corporations. These corporations can purchase, own, and operate properties converted through the federal Rental Assistance Demonstration program. The bill also permits these corporations to receive funding through the Minnesota Housing Finance Agency. The public corporations are governed by a board of directors, with each commissioner of the authority serving as a member.

Minnesota HF2480 authorizes housing and redevelopment authorities to create public corporations for managing properties converted under the federal.

Minnesota HF2480 amends state statutes to allow housing and redevelopment authorities to establish public corporations. These corporations can purchase, own, and operate properties converted through the federal Rental Assistance Demonstration program. The bill also permits these corporations to receive funding through the Minnesota Housing Finance Agency. The public corporations are governed by a board of directors, with each commissioner of the authority serving as a member.