HF 1660

as introduced - 89th Legislature (2015 - 2016) Posted on 03/16/2015 04:33pm

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.
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new text begin $2,375,000 in fiscal year 2016 and $2,375,000 in fiscal year 2017 are appropriated
from the general fund to the commissioner of housing finance for targeted housing under
the housing and job growth initiative. Money must be targeted for housing in communities
and regions that have:
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new text begin (1) low housing vacancy rates;
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new text begin (2) cooperatively developed a plan that identifies current and future housing needs;
and
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new text begin (3)(i) experienced job growth since 2005 and have at least 2,000 jobs within the
commuter shed;
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new text begin (ii) evidence of anticipated job expansion; or
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new text begin (iii) a significant portion of area employees who commute more than 30 miles
between their residence and their employment.
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