as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am
|Introduction||Posted on 08/14/1998|
1.1 A bill for an act 1.2 relating to housing; appropriating money for multiunit 1.3 blighted rental property removal. 1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. [APPROPRIATION.] 1.6 $1,000,000 is appropriated from the general fund to the 1.7 commissioner of the housing finance agency to remove blighted 1.8 multiunit residential rental property under Minnesota Statutes, 1.9 section 462A.206. The commissioner shall award grants to cities 1.10 for the removal of large blighted multiunit rental properties in 1.11 neighborhoods designated by the applying city. Grants may be 1.12 used to acquire or demolish blighted multiunit residential 1.13 rental properties or to make loans or grants for acquisition or 1.14 demolition. Grant funds may not be used for administrative 1.15 costs. Notwithstanding Minnesota Statutes, section 462A.206, 1.16 subdivision 3, grants made with this sum may be used for 1.17 households with incomes less than or equal to 140 percent of 1.18 area median income, adjusted for family size, as determined by 1.19 the Department of Housing and Urban Development. "City" means 1.20 any statutory or home rule charter city, housing and 1.21 redevelopment authority, port authority, or economic development 1.22 authority. "Designated neighborhood" means a portion of a city 1.23 which is less than the whole, designated by the city for 1.24 neighborhood preservation.