HF1709

HF1709 (Legislative Session 94 (2025-2026))

Greater Minnesota Housing Infrastructure program funding provided, bonds issued, and money appropriated.

Related bill: SF2237

AI Generated Summary

This bill, introduced in the Minnesota House of Representatives, pertains to housing funding and infrastructure development in Greater Minnesota. It proposes an appropriation of $4 million in fiscal year 2026 for the Greater Minnesota Housing Infrastructure grant program. The funds will be transferred from the bond proceeds fund to the housing development fund, and subsequently allocated to the Minnesota Housing Finance Agency.

To finance this appropriation, the bill authorizes the sale and issuance of state bonds amounting to $4 million. The issuance and management of these bonds will follow the regulations outlined in Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, Sections 4 to 7.

In summary, this bill seeks to support housing development in Greater Minnesota by generating funds through state bond sales and allocating the proceeds via housing grants.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 26, 2025	House	Floor	Action	Introduction and first reading, referred to	Housing Finance and Policy
February 26, 2025	House	Floor	Action	Introduction and first reading, referred to	Housing Finance and Policy
March 04, 2025	House	Floor	Action	Author added
March 04, 2025	House	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [
        "New appropriation from the bond proceeds fund for housing grants."
      ],
      "removed": [
        ""
      ],
      "summary": "Appropriates funds to the Minnesota Housing Finance Agency for the Greater Minnesota Housing Infrastructure grant program under existing section 462A.395.",
      "modified": [
        ""
      ]
    },
    "citation": "462A.395",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "References the process for bond sale and issuance as dictated by sections 16A.631 to 16A.675.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "Part of the legal framework for the sale and issuance of state bonds as included in the bill.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]