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Minnesota Legislature

Office of the Revisor of Statutes

HF 3625

as introduced - 89th Legislature (2015 - 2016) Posted on 03/24/2016 02:30pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to housing finance; establishing a grant program for landlord risk
mitigation; appropriating money; amending Minnesota Statutes 2014, section
462A.07, by adding a subdivision.


Section 1.

Minnesota Statutes 2014, section 462A.07, is amended by adding a
subdivision to read:

new text begin Subd. 17. new text end

new text begin Landlord risk mitigation grants. new text end

new text begin It may make grants to local units of
government or nonprofit organizations to establish landlord risk mitigation programs that
reduce landlord financial risks of renting to individuals or families who are homeless
or at imminent risk of homelessness, or who do not qualify for rental housing under
standard screening criteria. Eligible programs reimburse landlords for costs including
nonpayment of rent or building or room damage costs above those costs covered by
security deposits. The commissioner shall give higher priority to applicants who can
certify a matching amount of money by a local unit of government, business, or nonprofit
organization. The commissioner shall establish a procedure to review and validate claims
and reimbursements under this grant program.
new text end

Sec. 2. new text beginAPPROPRIATION.
new text end

new text begin $250,000 in fiscal year 2017 is appropriated from the general fund to the
commissioner of housing finance for landlord risk mitigation grants under Minnesota
Statutes, section 462A.07, subdivision 17. Grants must be targeted for communities and
regions that have low rental housing vacancy rates and have cooperatively developed a
plan that identifies current and future housing needs, including placing individuals and
families who do not qualify for affordable rental housing under standard screening criteria.
new text end