This bill amends Minnesota Statutes 2024, section 462C.16, subdivision 1, to authorize housing and redevelopment authorities to establish local housing trust funds. The bill introduces new definitions, including "local government," which now encompasses housing and redevelopment authorities, and clarifies the meanings of "local housing trust fund" and "regional housing trust fund."

The inclusion of housing and redevelopment authorities as local governments allows these entities to create dedicated funds for housing initiatives, thereby enhancing local efforts to address housing needs. The bill aims to provide a structured approach for local governments to secure public revenue sources for housing projects, ultimately supporting community development and affordable housing solutions.

Statutes affected:
Introduction: 462C.16