Minnesota SF227 establishes a demolition grant program for tax-stressed cities, funding half the cost of demolishing vacant, unsafe properties.

Minnesota SF227 creates a demolition grant program for tax-stressed cities, defined as those with a net tax capacity tax rate of 125 percent or more. The program provides grants covering 50 percent of the demolition costs for qualifying properties, which must be vacant for at least a year and pose a public safety threat. Municipalities must cover the other half of the demolition costs from nonstate sources. The commissioner of employment and economic development will manage the program, selecting grant applicants based on financial need and public safety threat.

Minnesota SF227 establishes a demolition grant program for tax-stressed cities, funding half the cost of demolishing vacant, unsafe properties.

Minnesota SF227 creates a demolition grant program for tax-stressed cities, defined as those with a net tax capacity tax rate of 125 percent or more. The program provides grants covering 50 percent of the demolition costs for qualifying properties, which must be vacant for at least a year and pose a public safety threat. Municipalities must cover the other half of the demolition costs from nonstate sources. The commissioner of employment and economic development will manage the program, selecting grant applicants based on financial need and public safety threat.