This bill (S.F. No. 1799) amends Minnesota Statutes 2024, section 462A.37, subdivision 2, to allow housing infrastructure bonds to support adaptive reuse projects for developing supportive and permanent housing for low-income households. Specifically, it authorizes $30 million in housing infrastructure bonds for projects such as:

1. Supportive Housing – At least 50% of units must be designated for individuals and families experiencing homelessness.
2. Foreclosed or Abandoned Properties – Acquiring and rehabilitating them for affordable rental housing or homeownership.
3. Community Land Trusts – Purchasing land to lease to low- and moderate-income homebuyers.
4. Manufactured Home Parks – Acquiring and improving infrastructure.
5. Senior Housing – Acquisition, rehabilitation, adaptive reuse, or new construction.
6. Federally Assisted Rental Housing – Renovation or refinancing federally assisted housing projects.
7. Single-Family Housing Projects – Acquisition, rehabilitation, conversion, or new construction.
8. Permanent Affordable Housing – Housing for households earning at or below 50% of the area median income (AMI).
9. Cooperative Housing – Developing housing that is cooperatively owned and affordable to low- and moderate-income households.

The bill also prioritizes certain types of housing: - Permanent Supportive Housing – Gives preference to veterans and individuals or families who have been homeless for an extended period or are at significant risk of homelessness. - Senior Housing – Prioritizes projects committing to long-term affordability, leveraging other funding sources, providing access to services, and accommodating households at or below 30% of AMI. - Permanent Housing – Prefers projects that focus on individuals and families earning at or below 30% of AMI.

Additionally, the bill outlines requirements for new construction projects receiving funding: - Buildings with more than four units must include a minimum number of accessible units (with features like roll-in showers and accessible kitchen workspaces). - Some units must be sensory-accessible, incorporating soundproofing, non-fluorescent lighting, and low-chemical materials.

The bill also aims to balance funding between metropolitan and non-metropolitan areas, ensuring equitable distribution among different community sizes.