HF 2535

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for supportive housing
for long-term homeless; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $30,000,000 is appropriated from the bond proceeds fund to the Housing Finance
Agency for loans and grants for publicly owned permanent rental housing under
Minnesota Statutes, section 462A.202, subdivision 3a, for persons who either have been
without a permanent residence for at least 12 months or on at least four occasions in the
last three years, or who are at significant risk of lacking a permanent residence for at
least 12 months or on at least four occasions in the last three years. The housing must
provide or coordinate with linkages to services necessary for residents to maintain housing
stability and maximize opportunities for education and employment.
new text end

new text begin Preference among comparable proposals must be given to proposals that (1) colocate
housing and services accessible to the general public as well as to the residents, and (2)
provide housing affordable to a range of household income levels.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$30,000,000 in the manner, upon the terms, and with the effect prescribed by Minnesota
Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, article XI,
sections 4 to 7.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end