1st Engrossment - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to housing; appropriating money for a 1.3 nonprofit community organization to provide low-cost 1.4 housing to low-income families and individuals. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [APPROPRIATION.] 1.7 $250,000 is appropriated from the general fund to the 1.8 housing finance agency for the housing development fund for a 1.9 grant to a nonprofit, member-run community organization located 1.10 in a city of the first class. To be eligible for the grant, the 1.11 organization must focus its efforts in neighborhoods with high 1.12 levels of poverty and a lack of affordable housing, provide 1.13 low-cost permanent and rental housing at below market rates to 1.14 low-income individuals and families, and have a demonstrable 1.15 track record of success and ability to raise funds from private 1.16 and public sources. The appropriation is available for the 1.17 biennium ending June 30, 1997.