as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to housing; appropriating money for a 1.3 nonprofit community organization to provide low-cost 1.4 housing to low-income families and individuals. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [APPROPRIATION.] 1.7 $250,000 is appropriated from the general fund to the 1.8 housing finance agency for a grant to a nonprofit, member-run 1.9 community organization located in a city of the first class. To 1.10 be eligible for the grant, the organization must focus its 1.11 efforts in neighborhoods with high levels of poverty and a lack 1.12 of affordable housing, provide low-cost permanent and rental 1.13 housing at below market rates to low-income individuals and 1.14 families, and have a demonstrable track record of success and 1.15 ability to raise funds from private and public sources. The 1.16 appropriation is available for the biennium ending June 30, 1997.