Minnesota SF1906 amends housing tax credit program to allow exceptions to income limits for workforce housing projects and modifies matching.

Minnesota SF1906 modifies the Minnesota housing tax credit contribution account grant and loan program. It allows exceptions to income limits for certain workforce housing projects. The bill also changes the matching requirements for eligible project areas, allowing the amount of the award to count toward the matching requirement if funded by specific contributions. Additionally, it outlines disqualifications for individuals and businesses that have made contributions to the account and received a credit certificate.

Minnesota SF1906 amends housing tax credit program to allow exceptions to income limits for workforce housing projects and modifies matching.

Minnesota SF1906 modifies the Minnesota housing tax credit contribution account grant and loan program. It allows exceptions to income limits for certain workforce housing projects. The bill also changes the matching requirements for eligible project areas, allowing the amount of the award to count toward the matching requirement if funded by specific contributions. Additionally, it outlines disqualifications for individuals and businesses that have made contributions to the account and received a credit certificate.