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SF 1837 Senate Long Description

E Relating to housing ARTICLE 1 PROGRAM CONSOLIDATIONConsolidating supportive housing related programs into the housing trust fund program; modifying a certain provision providing for housing finance agency grants for low income housing, requiring the housing trust fund account to be used for the benefit of certain low income persons and families and rental assistance to be provided by governmental units administering housing assistance supplements or by for-profit or nonprofit organizations experienced in housing management, specifying certain limits and priorities; reducing the frequency of and expanding the content requirements for the HFA report to the governor and legislature on the account; changing the full cycle home ownership services program to the homeownership education, counseling and training program and expanding program services and eligibility criteria, requiring the HFA to consider certain criteria in selecting organizations eligible for the funds, requiring designated program areas, communities or neighborhoods, providing for assistance and counseling to prevent mortgage foreclosures or cancellations of contracts for deed, requiring annual nonprofit organization reports to the agency and agency reports to the legislature; authorizing the HFA to spend money from the housing development fund for the economic development and housing challenge program and expanding the purposes of the grant and loan program, providing for gap financing, eliminating certain preference requirements and modifying certain income limits; repealing the housing trust fund account advisory committee, the mortgage foreclosure prevention and emergency rental assistance and entry cost home ownership opportunity programs and certain provisions under the economic development and housing challenge program ARTICLE 2 MISCELLANEOUS PROVISIONS Authorizing the housing finance agency (HFA) to waive certain requirements relating to renting housing units to low income persons in certain smaller developments occupied by the owner; lengthening a certain rehabilitation loan forgiveness time limit; authorizing aggregation of investment earnings in the housing development fund and authorizing costs and expenses relating to the development and operation of programs funded by state appropriations to be paid from the aggregated earnings before periodic distributions of earnings to separate accounts; clarifying certain elements of the rental housing assistance (bridges) program, authorizing project based rental assistance; authorizing the agency to spend money from the housing development fund for the family stabilization demonstration project; expanding eligibility for the Bruce F. Vento year 2000 affordable housing program relating to the loss of eligibility for the Minnesota family investment program (MFIP) ARTICLE 3 TECHNICAL AND CONFORMING CHANGESMaking conforming amendments to certain provisions under the Minnesota housing finance agency law of 1971; requiring new construction of single family homes, duplexes, triplexes and multilevel townhouses financed in whole or in part by the HFA to incorporate basic visitability access into the design and construction, defining visitability, authorizing HFA waiver of the design requirements under certain conditions; repealing certain redundant definitions (ra, ja)