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Chapter 462A
Section 462A.2092
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This is an historical version of this statute chapter. Also view the most recent published version.
462A.2092 EMPLOYER HOUSING CONTRIBUTIONS; MATCHING GRANT.
(a) The commissioner may provide matching grants for contributions made by employers for
the development, rehabilitation, or acquisition of affordable housing. An employer contribution is
eligible for a matching grant or low-interest loan if the contribution is:
(1) made to a fund administered by a nonprofit corporation to which the employer is not
associated or to a government agency; and
(2) used to develop or rehabilitate affordable housing located in Minnesota or is used to assist
low-income and moderate-income households to acquire affordable housing located in Minnesota.
(b) The matching grant is available up to the amount of the contribution made by the
employer. The amount of the matching grant may not exceed the amount the commissioner
determines is necessary for the financial feasibility of the project or loan. The total matching
grants available for an employer's contributions may not exceed $250,000. The commissioner
shall award the matching grant to the housing project or initiative for which the employer
contribution is used.
History: 1998 c 389 art 16 s 18
(a) The commissioner may provide matching grants for contributions made by employers for
the development, rehabilitation, or acquisition of affordable housing. An employer contribution is
eligible for a matching grant or low-interest loan if the contribution is:
(1) made to a fund administered by a nonprofit corporation to which the employer is not
associated or to a government agency; and
(2) used to develop or rehabilitate affordable housing located in Minnesota or is used to assist
low-income and moderate-income households to acquire affordable housing located in Minnesota.
(b) The matching grant is available up to the amount of the contribution made by the
employer. The amount of the matching grant may not exceed the amount the commissioner
determines is necessary for the financial feasibility of the project or loan. The total matching
grants available for an employer's contributions may not exceed $250,000. The commissioner
shall award the matching grant to the housing project or initiative for which the employer
contribution is used.
History: 1998 c 389 art 16 s 18
Official Publication of the State of Minnesota
Revisor of Statutes