Minnesota SF5242 establishes a grant program for housing densification and economic development.

Minnesota SF5242 creates a statewide public infrastructure grant program to support housing densification and economic development. The commissioner of jobs and economic development will develop forms and procedures for soliciting and reviewing grant applications. Eligible projects must be located in areas with a shortage of workforce or affordable housing. Grants cover up to 50 percent of project costs, with the remaining costs covered by nonstate sources. The commissioner must cancel grants and require the return of funds if a project is not completed within five years.

Minnesota SF5242 establishes a grant program for housing densification and economic development.

Minnesota SF5242 creates a statewide public infrastructure grant program to support housing densification and economic development. The commissioner of jobs and economic development will develop forms and procedures for soliciting and reviewing grant applications. Eligible projects must be located in areas with a shortage of workforce or affordable housing. Grants cover up to 50 percent of project costs, with the remaining costs covered by nonstate sources. The commissioner must cancel grants and require the return of funds if a project is not completed within five years.