HF 5256

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/04/2024 02:51pm

A bill for an act
relating to housing; appropriating money for a grant to the Arrowhead Economic
Opportunity Agency.

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

Section 1. new text begin APPROPRIATION; ARROWHEAD ECONOMIC OPPORTUNITY
AGENCY.
new text end

new text begin $2,000,000 in fiscal year 2025 is appropriated from the general fund to the commissioner
of the Minnesota Housing Finance Agency for a grant to the Arrowhead Economic
Opportunity Agency. The grant recipient must use grant money as a revolving fund for
acquiring and rehabilitating tax-forfeited properties for owner occupancy. Housing funded
with this grant must be affordable to the local work force. This is a onetime appropriation.
new text end