Minnesota HF2693 establishes a locally controlled housing fund to finance affordable housing projects and modifies allowable uses of housing.

Minnesota HF2693 creates a locally controlled housing fund to support various affordable housing projects. Eligible recipients include cities, counties, federally recognized American Indian tribes, and Tribally designated housing entities. The fund allows for grants and loans to finance construction, acquisition, rehabilitation, and adaptive reuse of housing. Projects must include accessible units and comply with building code accessibility provisions. The bill also modifies allowable uses of housing infrastructure bonds, authorizes bond sales, and appropriates money for the program.

Minnesota HF2693 establishes a locally controlled housing fund to finance affordable housing projects and modifies allowable uses of housing.

Minnesota HF2693 creates a locally controlled housing fund to support various affordable housing projects. Eligible recipients include cities, counties, federally recognized American Indian tribes, and Tribally designated housing entities. The fund allows for grants and loans to finance construction, acquisition, rehabilitation, and adaptive reuse of housing. Projects must include accessible units and comply with building code accessibility provisions. The bill also modifies allowable uses of housing infrastructure bonds, authorizes bond sales, and appropriates money for the program.