Establishes a locally controlled housing fund to assist eligible recipients in housing projects.

The bill establishes a locally controlled housing fund to assist eligible recipients, including cities, counties, and housing authorities, in acquiring, rehabilitating, demolishing, or constructing housing. The fund is intended to increase the amount of affordable housing in Minnesota. Recipients must ensure housing is accessible and does not segregate residents based on income. The fund is to be administered by the Housing Finance Agency, which must employ a director to oversee the fund.

Establishes a locally controlled housing fund to assist eligible recipients in housing projects.

The bill establishes a locally controlled housing fund to assist eligible recipients, including cities, counties, and housing authorities, in acquiring, rehabilitating, demolishing, or constructing housing. The fund is intended to increase the amount of affordable housing in Minnesota. Recipients must ensure housing is accessible and does not segregate residents based on income. The fund is to be administered by the Housing Finance Agency, which must employ a director to oversee the fund.