Vote Smart's Synopsis:

Vote to pass a bill that amends state housing policy in Minnesota.

Highlights:

• Amends state housing policy in Minnesota, including (Sec. 1):

• Opening grants to buildings with at least seven stories, with no other height requirement;

• Allowing proceeds from housing infrastructure bonds to be used for adaptive reuse, such as converting school buildings to apartments;

• Specifing that housing and redevelopment authorities are allowed to establish local housing trust funds and dedicated revenue for housing, for things such as rehabilitation,

• Emergency assistance and gap funding  in the same way as cities and counties;

• Requiring the Minnesota Housing Finance Agency to publish the rights and responsibilities of landlords and tenants on its website; and

• Allowing schools to partner with a nonprofit to build houses.

• Specifies that the provisions of this bill shall take effect beginning July 1, 2025 (Sec. 1).

Full Bill Text