HF 1983

1st Engrossment - 88th Legislature (2013 - 2014) Posted on 03/13/2014 03:33pm

A bill for an act
relating to local government; modifying the threshold criteria for the allocation of
low-income housing tax credits for the Dakota County Community Development
Agency; amending Minnesota Statutes 2012, section 383D.41, by adding a
subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2012, section 383D.41, is amended by adding a
subdivision to read:

new text begin Subd. 11. new text end

new text begin Tax credit allocation threshold criteria. new text end

new text begin (a) In addition to the projects
described in section 462A.222, subdivision 3, paragraph (d), the Dakota County
Community Development Agency may allocate tax credits in the first round for up to three
projects of the following type: new construction or substantial rehabilitation multifamily
housing projects that are not restricted to persons who are 55 years of age or older and that
are located within one of the following areas at the time a reservation for tax credits is made:
new text end

new text begin (1) an area within one-half mile of a completed or planned light rail transit way, bus
rapid transit way, or commuter rail station;
new text end

new text begin (2) an area within one-fourth mile from any spot along a high-frequency local bus line;
new text end

new text begin (3) an area within one-half mile from a bus stop or station on a high-frequency
express route;
new text end

new text begin (4) an area within one-half mile from a park and ride lot; or
new text end

new text begin (5) an area within one-fourth mile of a high-service public transportation fixed
route stop.
new text end

new text begin (b) For purposes of this section, the following terms have the meaning given them:
new text end

new text begin (1) "high-frequency local bus line" means a local bus route providing service at
least every 15 minutes and running between 6:00 a.m. and 7:00 p.m. on weekdays and
between 9:00 a.m. and 6:00 p.m. on Saturdays;
new text end

new text begin (2) "high-frequency express route" means an express route with bus service
providing six or more trips during at least one of the peak morning hours between 6:00
a.m. and 9:00 a.m. and every ten minutes during the peak morning hour; and
new text end

new text begin (3) "high-service public transportation fixed route stop" means a stop serviced
between 6:00 a.m. and 7:00 p.m. on weekdays and 9:00 a.m. and 6:00 p.m. on Saturdays
and with service approximately every 30 minutes during that time.
new text end