Minnesota housing tax credit contributions eligibility modified, and credit sunset repealed.

The bill modifies the eligibility criteria for recipients of Minnesota housing tax credit contributions and repeals the sunset provision for the credit. It specifies that the Minnesota Housing Finance Agency can award grants or loans to various entities, including cities, American Indian Tribes, private developers, and nonprofit organizations. It also outlines the disqualification criteria for individuals and businesses. The bill repeals the sunset provision for the housing tax credit, ensuring the credit remains in effect beyond its original expiration date.

Minnesota housing tax credit contributions eligibility modified, and credit sunset repealed.

The bill modifies the eligibility criteria for recipients of Minnesota housing tax credit contributions and repeals the sunset provision for the credit. It specifies that the Minnesota Housing Finance Agency can award grants or loans to various entities, including cities, American Indian Tribes, private developers, and nonprofit organizations. It also outlines the disqualification criteria for individuals and businesses. The bill repeals the sunset provision for the housing tax credit, ensuring the credit remains in effect beyond its original expiration date.