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HF 1344

as introduced - 88th Legislature (2013 - 2014) Posted on 03/08/2013 08:05am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to housing; appropriating money to the Housing Finance Agency.

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

Section 1. new text begin HOUSING FINANCE AGENCY.
new text end

new text begin The sums shown in the columns marked "Appropriations" are appropriated to the
agencies and for the purposes specified in this article. The appropriations are from the
general fund, or another named fund, and are available for the fiscal years indicated
for each purpose. The figures "2014" and "2015" used in this article mean that the
appropriations listed under them are available for the fiscal year ending June 30, 2014, or
June 30, 2015, respectively. "The first year" is fiscal year 2014. "The second year" is fiscal
year 2015. "The biennium" is fiscal years 2014 and 2015.
new text end

new text begin APPROPRIATIONS
new text end
new text begin Available for the Year
new text end
new text begin Ending June 30
new text end
new text begin 2014
new text end
new text begin 2015
new text end

new text begin Subdivision 1. new text end

new text begin Total Appropriation
new text end

new text begin $
new text end
new text begin 51,048,000
new text end
new text begin $
new text end
new text begin 38,048,000
new text end

new text begin The amounts that may be spent for each
purpose are specified in the following
subdivisions.
new text end

new text begin This appropriation is for transfer to the
housing development fund for the programs
specified in this section. Except as otherwise
indicated, this transfer is part of the agency's
permanent budget base.
new text end

new text begin Subd. 2. new text end

new text begin Challenge Program
new text end

new text begin 16,955,000
new text end
new text begin 6,955,000
new text end

new text begin (a) This appropriation is for the economic
development and housing challenge program
under Minnesota Statutes, section 462A.33.
Of this amount, $1,208,000 each year shall
be made available during the first 11 months
of the fiscal year exclusively for housing
projects for American Indians. Any funds not
committed to housing projects for American
Indians in the first 11 months of the fiscal year
shall be available for any eligible activity
under Minnesota Statues, section 462A.33.
new text end

new text begin (b) Of this amount, $10,000,000 is a onetime
appropriation and is targeted for housing in
communities and regions that have:
new text end

new text begin (1)(i) low housing vacancy rates; and
new text end

new text begin (ii) cooperatively developed a plan that
identifies current and future housing needs;
and
new text end

new text begin (2)(i) experienced job growth since 2005 and
have at least 2,000 jobs within the commuter
shed;
new text end

new text begin (ii) evidence of anticipated job expansion; or
new text end

new text begin (iii) a significant portion of area employees
who commute more than 30 miles between
their residence and their employment.
new text end

new text begin (c) Preference must be given among
comparable housing proposals to proposals
that include a meaningful contribution from
area employers that reduces the need for
deferred loan or grant funds from state
resources.
new text end

new text begin (d) The base funding for this program in the
2016-2017 biennium is $6,955,000 each year.
new text end

new text begin Subd. 3. new text end

new text begin Housing Trust Fund
new text end

new text begin 12,555,000
new text end
new text begin 9,555,000
new text end

new text begin (a) This appropriation is for deposit in the
housing trust fund account created under
Minnesota Statutes, section 462A.201, and
may be used for the purposes provided in
that section.
new text end

new text begin (b) Of this amount, $2,000,000 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. The agency,
in consultation with the Department of
Education, may establish additional targeting
criteria.
new text end

new text begin (c) Of this amount, $1,000,000 is a onetime
appropriation for temporary rental assistance
for adults who are in the process of being
released from state correctional facilities
or on supervised release in the community
who are homeless or at risk of becoming
homeless. The agency, in consultation with
the Department of Corrections, may establish
additional targeting criteria to identify
those adults most at risk of reentering state
correctional facilities.
new text end

new text begin (d) The base funding for this program in fiscal
years 2016 and 2017 is $9,555,000 each year.
new text end

new text begin Subd. 4. new text end

new text begin Rental Assistance for Mentally Ill
new text end

new text begin 2,638,000
new text end
new text begin 2,638,000
new text end

new text begin This appropriation is for the rental housing
assistance program under Minnesota
Statutes, section 462A.2097.
new text end

new text begin Subd. 5. new text end

new text begin Family Homeless Prevention
new text end

new text begin 7,465,000
new text end
new text begin 7,465,000
new text end

new text begin This appropriation is for the family homeless
prevention and assistance programs under
Minnesota Statutes, section 462A.204.
new text end

new text begin Subd. 6. new text end

new text begin Home Ownership Assistance Fund
new text end

new text begin 797,000
new text end
new text begin 797,000
new text end

new text begin This appropriation is for the home ownership
assistance program under Minnesota
Statutes, section 462A.21, subdivision 8.
new text end

new text begin Subd. 7. new text end

new text begin Affordable Rental Investment Fund
new text end

new text begin 4,218,834
new text end
new text begin 4,218,834
new text end

new text begin (a) This appropriation is for the affordable
rental investment fund program under
Minnesota Statutes, section 462A.21,
subdivision 8b, to finance the acquisition,
rehabilitation, and debt restructuring of
federally assisted rental property and for
making equity takeout loans under Minnesota
Statutes, section 462A.05, subdivision 39.
new text end

new text begin (b) The owner of federally assisted rental
property must agree to participate in
the applicable federally assisted housing
program and to extend any existing
low-income affordability restrictions on the
housing for the maximum term permitted.
The owner must also enter into an agreement
that gives local units of government,
housing and redevelopment authorities,
and nonprofit housing organizations the
right of first refusal if the rental property
is offered for sale. Priority must be given
among comparable federally assisted rental
properties to properties with the longest
remaining term under an agreement for
federal assistance. Priority must also be
given among comparable rental housing
developments to developments that are or
will be owned by local government units, a
housing and redevelopment authority, or a
nonprofit housing organization.
new text end

new text begin (c) The appropriation also may be used to
finance the acquisition, rehabilitation, and
debt restructuring of existing supportive
housing properties. For purposes of this
subdivision, "supportive housing" means
affordable rental housing with links to
services necessary for individuals, youth, and
families with children to maintain housing
stability.
new text end

new text begin (d) The base funding for the affordable rental
investment fund program under Minnesota
Statutes, section 462A.21, subdivision 8b,
in fiscal years 2016 and 2017, is $8,996,000
each year.
new text end

new text begin Subd. 8. new text end

new text begin Housing Rehabilitation
new text end

new text begin 5,543,166
new text end
new text begin 5,543,166
new text end

new text begin This appropriation is for the housing
rehabilitation program under Minnesota
Statutes, section 462A.05, subdivision 14.
new text end

new text begin Subd. 9. new text end

new text begin Homeownership Education,
Counseling, and Training
new text end

new text begin 751,000
new text end
new text begin 751,000
new text end

new text begin This appropriation is for the homeownership
education, counseling, and training program
under Minnesota Statutes, section 462A.209.
new text end

new text begin Subd. 10. new text end

new text begin Capacity-Building Grants
new text end

new text begin 125,000
new text end
new text begin 125,000
new text end

new text begin This appropriation is for nonprofit
capacity-building grants under Minnesota
Statutes, section 462A.21, subdivision 3b.
new text end