SF5003

Purpose

This bill modifies a prior state capital investment appropriation to provide grants for capital improvements to low-income, accessible housing. The funds are dedicated to Accessible Space Inc. and related entities to upgrade specific housing units in Minnesota.

Main Provisions

• Grants to Accessible Space Inc. and related organizations for capital improvements to low-income accessible housing units at specified addresses:
  • ASI Homes Inc.: $183,000 for units at 814 Iglehart Avenue and 825 Selby Avenue, St. Paul.
  • ASI Stillwater Inc.: $250,000 for units at 1370 Curve Crest Boulevard, Stillwater.
  • ASI Roseville Inc.: $416,400 for units at 1074 Roselawn Avenue West, Roseville.
  • Twin Ports Accessibility Project Inc.: $300,000 for units at 135 to 154 Western Avenue South, St. Paul.
• The purpose of these grants is to fund capital improvements that improve accessibility and livability of housing for low-income residents.

Changes to Existing Law

• The bill amends Laws 2023, chapter 71, article 1, section 14, subdivision 43, to define “Accessible Space” grants and specify the recipients, locations, and dollar amounts for a series of capital improvement projects.
• It provides a targeted, specific set of appropriations rather than broad or new programs.

Financial Summary

• Total funds appropriated in this subdivision: $1,149,400
  • $183,000 (ASI Homes Inc.)
  • $250,000 (ASI Stillwater Inc.)
  • $416,400 (ASI Roseville Inc.)
  • $300,000 (Twin Ports Accessibility Project Inc.)

Significance and Implications

• Focuses funding on improving accessibility in existing affordable housing units.
• Targets four properties in St. Paul, Stillwater, and Roseville, Minnesota.
• Represents a modification to a prior allocation to reflect updated grant amounts and project sites.

What it does not do

• Does not create new statewide programs; it refines and directs existing capital investment funds toward specific projects and entities.

Relevant Terms Accessible Space Inc., ASI Homes Inc., ASI Stillwater Inc., ASI Roseville Inc., Twin Ports Accessibility Project Inc., low-income, accessible housing units, capital improvements, grants, appropriation, capital investment, St. Paul, Stillwater, Roseville, Minnesota.