Minnesota SF2730 appropriates funds for statewide affordable housing aids.

Minnesota SF2730 amends Minnesota Statutes to appropriate funds for statewide affordable housing aids. It allocates $6,800,000 annually to the commissioner of revenue for payments to counties, $2,000,000 annually for tier I cities, and $1,200,000 annually for eligible Tribal Nations. For fiscal years 2024 and 2025, additional funds are allocated: $8,500,000 for counties, $2,500,000 for tier I cities, and $1,500,000 for eligible Tribal Nations. The bill also allows for late computation of additional aid amounts for certain fiscal years.

Minnesota SF2730 appropriates funds for statewide affordable housing aids.

Minnesota SF2730 amends Minnesota Statutes to appropriate funds for statewide affordable housing aids. It allocates $6,800,000 annually to the commissioner of revenue for payments to counties, $2,000,000 annually for tier I cities, and $1,200,000 annually for eligible Tribal Nations. For fiscal years 2024 and 2025, additional funds are allocated: $8,500,000 for counties, $2,500,000 for tier I cities, and $1,500,000 for eligible Tribal Nations. The bill also allows for late computation of additional aid amounts for certain fiscal years.