Minnesota SF2659 authorizes housing and redevelopment authorities to create public corporations for managing properties converted under the federal.

Minnesota SF2659 amends state statutes to allow housing and redevelopment authorities to establish public corporations. These corporations can purchase, own, and operate properties converted under the federal Rental Assistance Demonstration program. The bill also permits these corporations to receive funding through the Minnesota Housing Finance Agency. The corporations are governed by a board of directors, with each commissioner of the authority serving as a member.

Minnesota SF2659 authorizes housing and redevelopment authorities to create public corporations for managing properties converted under the federal.

Minnesota SF2659 amends state statutes to allow housing and redevelopment authorities to establish public corporations. These corporations can purchase, own, and operate properties converted under the federal Rental Assistance Demonstration program. The bill also permits these corporations to receive funding through the Minnesota Housing Finance Agency. The corporations are governed by a board of directors, with each commissioner of the authority serving as a member.