This bill aims to modify various housing provisions in Minnesota, focusing on expanding eligibility for rental assistance programs and clarifying the use of housing aid funds. Key changes include the amendment of Minnesota Statutes 2024, section 462A.051, to allow all allocating agencies to provide federal low-income housing credits for multifamily developments. Additionally, the bill introduces a formula for determining grant amounts to program administrators for rental assistance, allowing for the redistribution of unused funds to enhance program efficiency. It also expands the definition of eligible recipients for grants and loans, specifically excluding volunteer board members of nonprofit organizations from disqualification criteria.

Further modifications include the adjustment of funding provisions for local housing trust funds, allowing grantees to receive a higher percentage of public revenue committed to these funds. The bill also revises the high-rise sprinkler system program, now permitting both grants and loans for the installation of sprinkler systems in eligible buildings, with a focus on nonprofit applicants. The maximum grant amount is set at $2,000,000, with matching requirements based on the type of organization receiving the grant. Overall, the bill seeks to enhance housing assistance and support for various housing projects across Minnesota.

Statutes affected:
Introduction: 462A.051, 462A.2095, 462A.33, 462A.40, 477A.35, 477A.36