Minneslate Logo

HF1489 (Legislative Session 94 (2025-2026))

Public housing rehabilitation funding provided, bonds issued, and money appropriated.

Related bill: SF915

AI Generated Summary

Purpose

  • Provide funding to rehabilitate and preserve public housing for low-income residents by financing rehabilitation projects through state bond proceeds.

Main Provisions

  • Subdivision 1 — Appropriation
    • An amount of 100,000,000 is appropriated from the bond proceeds fund to the Minnesota Housing Finance Agency.
    • The money will be transferred to the housing development fund to finance the costs of rehabilitation to preserve public housing.
    • Public housing is defined as housing for low-income persons and households financed by the federal government and publicly owned.
    • The agency may prioritize proposals that maximize federal or local resources to finance capital costs and that prioritize health, safety, and energy improvements.
    • The usual statutory priority for projects that increase the supply of affordable housing (and certain restrictions on that priority) do not apply to this appropriation.
  • Subdivision 2 — Bond sale
    • The money appropriated may be sold and issued as state bonds up to 100,000,000.
    • Bond terms and issuance must follow Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.

Significant Changes to Existing Law

  • This appropriation is exempt from the standard priority framework that normally prioritizes increasing the supply of affordable housing and from related restrictions, allowing a focus on public housing rehabilitation.
  • The bill explicitly directs the use of bond financing to rehab and preservation of public housing rather than broader affordable housing supply expansion, and it emphasizes leveraging federal/local resources plus health, safety, and energy improvements.

Key Terms and Concepts (for context)

  • public housing
  • rehabilitation
  • preservation of public housing
  • Minnesota Housing Finance Agency
  • housing development fund
  • bond proceeds fund
  • low-income housing
  • federal resources
  • health and safety improvements
  • energy improvements
  • bond sale / bonds
  • 16A.631 to 16A.675 (bond issuance statutes)
  • Minnesota Constitution Article XI

Relevant Terms public housing, rehabilitation, preservation, low-income, federal resources, health safety, energy improvements, bond proceeds fund, housing development fund, Minnesota Housing Finance Agency, bond sale, 16A.631-16A.675, Constitution Article XI

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 24, 2025HouseActionIntroduction and first reading, referred toCapital Investment
February 26, 2025HouseActionAuthor added
March 26, 2025HouseActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "References Minnesota Statutes, section 462A.202, subdivision 3a, in connection with a bond-funded rehabilitation program for public housing.",
      "modified": []
    },
    "citation": "462A.202",
    "subdivision": "subdivision 3a"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Notes that the restrictions of Minnesota Statutes section 462A.202, subdivision 7 do not apply to this appropriation for public housing rehabilitation.",
      "modified": []
    },
    "citation": "462A.202",
    "subdivision": "subdivision 7"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Cites Minnesota Statutes sections 16A.631 through 16A.675 as the framework for selling and issuing state bonds up to $100,000,000.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": ""
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

Loading…