HF1340

HF1340 (Legislative Session 94 (2025-2026))

Use of housing infrastructure bonds allowed on adaptive reuse to develop supportive housing and permanent housing for households at or below 50 percent of the area median income.

Related bill: SF1799

AI Generated Summary

This bill, introduced in the Minnesota House of Representatives (H.F. No. 1340), aims to expand the allowable uses of housing infrastructure bonds. Specifically, it amends Minnesota Statutes 2024, section 462A.37, subdivision 2, to permit the use of these bonds for adaptive reuse projects that develop supportive and permanent housing for households earning at or below 50% of the area median income.

Key provisions include:

Authorizing up to $30 million in housing infrastructure bonds.
Expanding funding eligibility to adaptive reuse, construction, acquisition, and rehabilitation of:
- Supportive housing, where at least 50% of units are reserved for individuals and families without permanent housing.
- Permanent housing for households below 50% of area median income.
Maintaining existing uses such as:
- Affordable rental housing development through acquisition, rehabilitation, and new construction.
- Community land trust projects for low- and moderate-income homebuyers.
- Preservation and replacement of federally assisted rental housing.
- Senior housing projects, particularly those ensuring long-term affordability and access to essential services.
- Cooperative housing development for low- and moderate-income households.
Prioritizing projects that:
- Provide permanent supportive housing for veterans and individuals experiencing chronic homelessness.
- Offer senior housing with affordability commitments and accessibility to services.
- Are located in both metropolitan and non-metropolitan areas, balancing investments within populations above and below 20,000.
- Serve households making below 30% of the area median income.
Establishing accessibility requirements for new construction projects with more than four units, including:
- A minimum number of units with wheelchair accessibility features.
- Sensory-accessible features such as soundproofing, non-fluorescent lighting, and low-chemical materials.

This bill aims to enhance Minnesota’s affordable housing efforts by supporting adaptive reuse, ensuring accessibility, and prioritizing those most in need, including veterans, seniors, and extremely low-income households.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 23, 2025	House	Floor	Action	Introduction and first reading, referred to	Housing Finance and Policy
February 23, 2025	House	Floor	Action	Introduction and first reading, referred to	Housing Finance and Policy
February 25, 2025	House	Floor	Action	Author added
April 01, 2025	House	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [
        "Allows for adaptive reuse in the development of supportive housing and permanent housing for low-income households."
      ],
      "removed": [],
      "summary": "This bill modifies the authorization for the issuance of housing infrastructure bonds under section 462A.37.",
      "modified": [
        "Adjusts terms and purposes for which the housing infrastructure bonds may be issued, including specific conditions for senior and permanent supportive housing."
      ]
    },
    "citation": "462A.37",
    "subdivision": "subdivision 2"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "References financing for manufactured home parks under section 462A.2035.",
      "modified": [
        "Financing methods for acquisition and infrastructure improvements in manufactured home parks."
      ]
    },
    "citation": "462A.2035",
    "subdivision": "subdivision 1b"
  }
]