This bill aims to enhance housing regulations in Minnesota by authorizing the issuance of housing infrastructure bonds and modifying provisions related to manufactured home parks. Key changes include the modification of eligible recipients for Minnesota housing tax credit contributions, adjustments to the housing aggregate bond limitation, and updates to income provisions. New requirements for park owners are introduced, such as providing itemized billing for utility services, conducting safety inspections of potentially hazardous trees, and mandating that rent increase notices include the reason for the increase. Additionally, the bill limits rent increases to one per year and establishes standards for digital payment platforms, ensuring residents have alternative payment options without incurring fees.

Significant legal language changes include amendments to definitions and requirements for representatives acting on behalf of residents, as well as new provisions regarding the sale of manufactured home parks. Park owners must now provide 60 days' written notice before accepting offers for sale, lease, or transfer of a park, allowing residents the opportunity to submit competing offers. The bill also introduces a civil penalty of $100,000 for private equity companies that violate specified regulations, with enforcement by the attorney general. Furthermore, it amends existing statutes by changing the reference for capacity building grants and repeals several sections of Minnesota Statutes related to housing development funds and the notice of sale for manufactured home parks, effective the day following final enactment. Overall, the legislation seeks to protect residents' rights and enhance the safety and affordability of housing in Minnesota.

Statutes affected:
Introduction: 462A.37
1st Engrossment: 327C.015, 327C.03, 327C.04, 327C.06, 327C.097, 327C.15, 462A.041, 462A.20, 462A.21, 462A.37, 462A.395, 462A.40, 474A.02, 327C.096
2nd Engrossment: 327C.015, 327C.03, 327C.04, 327C.06, 327C.097, 327C.15, 462A.041, 462A.20, 462A.21, 462A.37, 462A.395, 462A.40, 474A.02, 327C.096