HF 886

as introduced - 89th Legislature (2015 - 2016) Posted on 02/16/2015 01:21pm

A bill for an act
relating to housing finance; appropriating money for the Minnesota Housing
Finance Agency.

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

Section 1. new text begin APPROPRIATION; MINNESOTA HOUSING FINANCE AGENCY.
new text end

new text begin (a) $10,519,000 in fiscal year 2016 and $10,519,000 in fiscal year 2017 are
appropriated from the general fund to the Minnesota Housing Finance Agency for the
family homeless prevention and assistance programs under Minnesota Statutes, section
462A.204.
new text end

new text begin (b) $15,300,000 in fiscal year 2016 and $15,300,000 in fiscal year 2017 are
appropriated from the general fund to the Minnesota Housing Finance Agency for the
challenge fund under Minnesota Statutes, section 462A.33, to provide financing for
affordable housing development statewide. Of this amount, $4,750,000 each year is for
targeted housing under the housing and job growth initiative as set forth in Laws 2013,
chapter 85, article 1, section 4, subdivision 2, paragraph (b).
new text end

new text begin (c) $18,471,000 in fiscal year 2016 and $12,871,000 in fiscal year 2017 are
appropriated from the general fund to the Minnesota Housing Finance Agency for deposit
in the housing trust fund under Minnesota Statutes, section 462A.201, to provide rental
assistance for households previously homeless. Of this amount:
new text end

new text begin (1) $2,000,000 in fiscal year 2016 is a onetime appropriation for temporary rental
assistance for families with school-age children who have changed schools or homes
at least once in the last school year; and
new text end

new text begin (2) $1,000,000 in fiscal year 2016 is a onetime appropriation for temporary rental
assistance for adults who are in the process of being released from state correctional
facilities or who are on supervised release in the community and who are homeless or at
risk of becoming homeless.
new text end

new text begin (d) $3,272,000 in fiscal year 2016 and $3,272,000 in fiscal year 2017 are
appropriated from the general fund to the Minnesota Housing Finance Agency for rental
rehabilitation loans under Minnesota Statutes, section 462A.05, subdivision 14, to assist
the rehabilitation of single-family homes.
new text end

new text begin (e) $3,588,000 in fiscal year 2016 and $3,588,000 in fiscal year 2017 are appropriated
from the general fund to the Minnesota Housing Finance Agency for the rental housing
assistance program under Minnesota Statutes, section 462A.2097.
new text end

new text begin (f) $500,000 in fiscal year 2016 and $500,000 in fiscal year 2017 are appropriated
from the general fund to the Minnesota Housing Finance Agency for capacity-building
grants under Minnesota Statutes, section 462A.21, subdivision 3b.
new text end