Minnesota bill HF563 dedicates a portion of local government aid to cities for pre-1940 housing improvements.

Minnesota bill HF563 amends local government aid to require cities to dedicate a portion of their aid to pre-1940 housing improvements. This aid must be used for urban renewal projects, including updating utilities, infrastructure, and improving systems like wiring, plumbing, insulation, heating, cooling, or efficiency. The aid can be used directly or through grants or low-interest loans to property owners. If the calculated aid amount is less than $100, the minimum dedication amount is zero. This aid is in addition to any other funds dedicated to housing programs.

Minnesota bill HF563 dedicates a portion of local government aid to cities for pre-1940 housing improvements.

Minnesota bill HF563 amends local government aid to require cities to dedicate a portion of their aid to pre-1940 housing improvements. This aid must be used for urban renewal projects, including updating utilities, infrastructure, and improving systems like wiring, plumbing, insulation, heating, cooling, or efficiency. The aid can be used directly or through grants or low-interest loans to property owners. If the calculated aid amount is less than $100, the minimum dedication amount is zero. This aid is in addition to any other funds dedicated to housing programs.