Minnesota bill HF5058 imposes penalties on cities that impose moratoria on new residential developments.

Minnesota bill HF5058 amends state statutes to impose penalties on cities that impose moratoria on new residential developments. Specifically, the commissioner of revenue must stop issuing affordable housing aid payments to such cities in the year after the moratorium is imposed. Payments will resume in the year after the moratorium expires or a resolution or ordinance to end the moratorium takes effect. During the period in which a city is not receiving aid, the commissioner must pay the amount that the city would have received to the county or counties containing the city.

Minnesota bill HF5058 imposes penalties on cities that impose moratoria on new residential developments.

Minnesota bill HF5058 amends state statutes to impose penalties on cities that impose moratoria on new residential developments. Specifically, the commissioner of revenue must stop issuing affordable housing aid payments to such cities in the year after the moratorium is imposed. Payments will resume in the year after the moratorium expires or a resolution or ordinance to end the moratorium takes effect. During the period in which a city is not receiving aid, the commissioner must pay the amount that the city would have received to the county or counties containing the city.