HF 4886

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/13/2024 12:18pm

A bill for an act
relating to housing; modifying an appropriation for the housing infrastructure
program for a grant for the Northrup King Building campus; amending Laws 2023,
chapter 37, article 1, section 2, subdivision 17.

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

Section 1.

Laws 2023, chapter 37, article 1, section 2, subdivision 17, is amended to read:

Subd. 17. Housing Infrastructure

100,000,000

100,000,000

new text begin (a) new text end This appropriation is for the housing
infrastructure program for the eligible
purposes under Minnesota Statutes, section
462A.37, subdivision 2. This is a onetime
appropriation.

new text begin (b) Of the amount in the second year,
$3,000,000 is for a grant to Artspace for the
Northrup King Building campus located in
Northeast Minneapolis for the purpose of
building affordable housing units. The grant
must be used for construction of housing units
for which the average price is affordable to
households with an annual income at or below
60 percent of the area median income.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end