Minnesota Legislature
HF 4317
as introduced - 92nd Legislature (2021 - 2022) Posted on 03/17/2022 02:20pm
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A bill for an act
relating to state government; creating opportunities for homeownership for certain
groups; appropriating money for an affordable homeownership incentive account
to support homeownership for African Americans and African Immigrants and
other protected groups; requiring a report; amending Minnesota Statutes 2020,
sections 473.251; 473.254, subdivisions 1, 9, by adding subdivisions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2020, section 473.251, is amended to read:
473.251 METROPOLITAN LIVABLE COMMUNITIES FUND.
The metropolitan livable communities fund is created and consists of the following
accounts:
(1) the tax base revitalization account;
(2) the livable communities demonstration account;
(3) the local housing incentives account; deleted text begin and
deleted text end
(4) the inclusionary housing accountdeleted text begin .deleted text end new text begin ; and
new text end
new text begin
(5) affordable homeownership incentive account.
new text end
Sec. 2.
Minnesota Statutes 2020, section 473.254, subdivision 1, is amended to read:
Subdivision 1.
Participation.
(a) A municipality may elect to participate in the deleted text begin local
housingdeleted text end new text begin affordable homeownershipnew text end incentive account programnew text begin to address disparities in
homeownership rates between whites and African Americans and African Immigrants and
other protected groupsnew text end . If the election to participate occurs by November 15 of any year, it
is effective commencing the next calendar year; otherwise it is effective commencing the
next succeeding calendar year. An election to participate in the program is effective until
revoked according to paragraph (b). A municipality is subject to this section only in those
calendar years for which its election to participate in the program is effective. For purposes
of this section, municipality means a municipality electing to participate in the deleted text begin local housingdeleted text end new text begin
affordable homeownershipnew text end incentive account programnew text begin to address disparities in
homeownership rates between whites and African Americans and African Immigrants and
other protected groupsnew text end for the calendar year in question, unless the context indicates
otherwise.
(b) A municipality may revoke its election to participate in the deleted text begin local housingdeleted text end new text begin affordable
homeownershipnew text end incentive account programnew text begin to address disparities in homeownership rates
between whites and African Americans and African Immigrants and other protected groupsnew text end .
If the revocation occurs by November 15 of any year, it is effective commencing the next
calendar year; otherwise it is effective commencing the next succeeding calendar year. After
revoking its election to participate in the program, a municipality may again elect to
participate in the program according to paragraph (a).
(c) A municipality that elects to participate may receive grants or loans from the tax
base revitalization account, livable communities demonstration account, deleted text begin ordeleted text end the local housing
incentive accountnew text begin , or the affordable homeownership incentive account that addresses
disparities between whites and African Americans and African Immigrants and other
protected groupsnew text end . A municipality that does not participate is not eligible to receive a grant
under sections 116J.551 to 116J.557. The council, when making discretionary funding
decisions, shall give consideration to a municipality's participation in the local housing
incentives programnew text begin or the affordable homeownership incentive account that addresses
disparities between whites and African Americans and African Immigrants and other
protected groupsnew text end .
Sec. 3.
Minnesota Statutes 2020, section 473.254, is amended by adding a subdivision to
read:
new text begin Subd. 2a. new text end
new text begin Affordable homeownership priorities. new text end
new text begin
The affordable homeownership
incentive account priorities are:
new text end
new text begin
(1) increasing affordable homeownership options in areas that are predominantly
single-family and have higher sale prices;
new text end
new text begin
(2) increasing affordable homeownership opportunities focused on servicing African
Americans and African Immigrants and other protected groups that own homes in
disproportionately lower rates than white households;
new text end
new text begin
(3) leveraging municipal revenues deposited with financial institutions to influence credit
in a useful form to increase affordable homeownership opportunities focused on serving
African Americans and African Immigrants and other protected groups that own homes at
disproportionately lower rates than white households;
new text end
new text begin
(4) leveraging municipal purchase of insurance to influence insurance access in a useful
form to increase affordable homeownership opportunities focused on serving African
Americans and African Immigrants and other protected groups that own homes at
disproportionately lower rates than white households; and
new text end
new text begin
(5) leveraging municipality enforcement of equal opportunity and affirmative action
laws under chapters 363A and 473 to increase employment opportunities for protected
groups and minority business enterprises in the development of affordable homeownership
opportunities focused on serving African Americans and African Immigrants and other
protected groups that own homes at disproportionately lower rates than white households.
new text end
Sec. 4.
Minnesota Statutes 2020, section 473.254, is amended by adding a subdivision to
read:
new text begin Subd. 2b. new text end
new text begin Affordable homeownership eligibility. new text end
new text begin
The commissioner, in collaboration
with members of protected groups, shall establish eligibility and homeownership scoring
criteria.
new text end
Sec. 5.
Minnesota Statutes 2020, section 473.254, subdivision 9, is amended to read:
Subd. 9.
Report to legislature.
new text begin (a) new text end By February 1 of each year, the council must report
to the legislature the municipalities that have elected to participate and not to participate
under subdivision 1. This report must be filed as provided in section 3.195.
new text begin
(b) On or before January 31, 2023, and every January 31 of each year, the commissioner
shall submit a report as required under section 3.195 that details the grants awarded under
this section to the chairs and ranking minority members of the legislative committees having
jurisdiction over capital investment and economic development. The report must include
the following information:
new text end
new text begin
(1) the total number of grants distributed;
new text end
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(2) the grantees receiving the grants;
new text end
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(3) the services supported by the grants; and
new text end
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(4) any other information the commissioner deems pertinent.
new text end
Sec. 6. new text begin APPROPRIATION; AFFORDABLE HOMEOWNERSHIP INCENTIVE
ACCOUNT.
new text end
new text begin
$....... in fiscal year 2023 is appropriated from the general fund to the Metropolitan
Council to create the affordable homeownership incentive account to address disparities in
homeownership rates between whites and African Americans and African Immigrants and
other protected groups, and to:
new text end
new text begin
(1) develop a program or policy to provide for regular review of local lending practices
for fair housing issues;
new text end
new text begin
(2) increase funding for homeownership down-payment assistance programs targeted
to African Americans, African Immigrants, and other protected groups;
new text end
new text begin
(3) fund and facilitate credit counseling and credit improvement programs targeted at
African Americans, African Immigrants, and other protected groups;
new text end
new text begin
(4) provide opportunities for African Americans, African Immigrants, and other protected
groups on public assistance to transition to homeownership;
new text end
new text begin
(5) create equal employment opportunities in housing development in the metropolitan
area;
new text end
new text begin
(6) close the homeownership gap between whites and African Americans, African
Immigrants, and other protected groups;
new text end
new text begin
(7) provide equitable wealth creation and transfer for African Americans, African
Immigrants, and other protected groups; and
new text end
new text begin
(8) provide equity in homeownership for African Americans, African Immigrants, and
other protected groups.
new text end
Sec. 7. new text begin EFFECTIVE DATE.
new text end
new text begin
Sections 1 to 5 are effective August 1, 2022, and section 6 is effective July 1, 2022.
new text end