Minnesota SF2742 mandates a report on the affordable housing industry, sets compliance periods for tax credit commitments, requires regulatory relief.

Minnesota SF2742 requires the commissioner of the Minnesota Housing Finance Agency to submit an annual report on the financial stability of the affordable housing industry. The report must include the ratio of operating expenses to revenue in affordable rental housing projects and the percentage of rents collected on time, divided into four regions of the state. The bill also sets a maximum compliance period for certain low-income tax credit commitment requirements and mandates the commissioner to identify avenues for potential regulatory relief to affordable housing providers.

Minnesota SF2742 mandates a report on the affordable housing industry, sets compliance periods for tax credit commitments, requires regulatory relief.

Minnesota SF2742 requires the commissioner of the Minnesota Housing Finance Agency to submit an annual report on the financial stability of the affordable housing industry. The report must include the ratio of operating expenses to revenue in affordable rental housing projects and the percentage of rents collected on time, divided into four regions of the state. The bill also sets a maximum compliance period for certain low-income tax credit commitment requirements and mandates the commissioner to identify avenues for potential regulatory relief to affordable housing providers.