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HF2901 (Legislative Session 94 (2025-2026))

Allowable uses of funds in the Minnesota housing tax credit contribution account expanded to include funding supportive services in supportive housing.

Related bill: SF2976

AI Generated Summary

Purpose of the Bill

The bill aims to expand the permissible uses of funds within the Minnesota housing tax credit contribution account. It specifically focuses on allowing these funds to be utilized for supportive services within supportive housing.

Main Provisions

  • Use of Funds: The bill permits the agency to award grants and loans for various housing-related activities. These include the development of both multifamily and single-family housing for low and moderate-income families.
  • Supportive Housing Services: The bill introduces the ability to use funds for services in existing supportive housing. This broadens the scope of allowable uses from simply funding construction-related activities to also include supportive services.
  • Funding Preferences: There is an emphasis on giving preference to grant and loan proposals that involve regulatory changes or waivers. These changes should lead to cost savings through various means, such as increased density and flexibility in development standards.

Significant Changes to Existing Law

  • The amendment allows for the inclusion of funding supportive services within existing supportive housing, which was not previously specified. This change broadens the potential impact of the housing tax credit beyond physical housing development to also support resident services.

Relevant Terms

housing tax credit, supportive services, supportive housing, multifamily housing, single-family housing, low-income families, moderate-income families, regulatory changes, site development standards, zoning code requirements.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 26, 2025HouseFloorActionIntroduction and first reading, referred toHousing Finance and Policy
March 31, 2025HouseFloorActionAuthors added
April 09, 2025HouseFloorActionAuthors added

Citations

 
[
  {
    "analysis": {
      "added": [
        "Funding supportive services in supportive housing."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill expands the allowable uses of funds under section 462A.40, subdivision 2, to support services in supportive housing.",
      "modified": [
        ""
      ]
    },
    "citation": "462A.40",
    "subdivision": "subdivision 2"
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "Section 462A.33, subdivision 1, is referenced for defining gap financing.",
      "modified": [
        "References to this section now include services in supportive housing."
      ]
    },
    "citation": "462A.33",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This section is referenced to define services in existing supportive housing.",
      "modified": [
        "Expanded the definition of services in supportive housing to include those mentioned in section 462A.40."
      ]
    },
    "citation": "462A.37",
    "subdivision": "subdivision 1, paragraph k"
  }
]

Sponsors