This bill seeks to enhance housing policy in Minnesota by modifying eligibility and funding provisions for various housing programs, particularly focusing on multifamily housing developments and the high-rise sprinkler system program. Key amendments include clarifying that financial assistance from the Minnesota Housing Finance Agency applies to multifamily housing, mandating the publication of landlord and tenant rights, and allowing for the redistribution of unused funds among program administrators to improve rental assistance efficiency. The legislation also introduces a grant and loan program for high-rise sprinkler systems, prioritizing nonprofit applicants, and adjusts eligibility criteria for housing assistance, including raising the income threshold and extending the timeline for grant fund usage.

Additionally, the bill establishes provisions for housing and redevelopment authorities to create public corporations aimed at managing properties converted through the federal Rental Assistance Demonstration (RAD) program. It defines a "City" to include these public corporations and allows housing authorities to form partnerships or corporations for housing project development. The governance structure of the new public corporation is outlined, including a board of directors and compliance with state regulations, along with provisions for the corporation's dissolution. The effective date for these changes is set for July 1, 2025.

Statutes affected:
Introduction: 462A.051, 462A.2095, 462A.33, 462A.40, 477A.35, 477A.36
1st Engrossment: 462A.051, 462A.07, 462A.2095, 462A.33, 462A.37, 462A.39, 462A.40, 462C.16, 477A.35, 477A.36, 15.082, 462A.202, 462C.02, 469.012
2nd Engrossment: 462A.051, 462A.07, 462A.2095, 462A.33, 462A.37, 462C.16, 477A.35, 477A.36, 15.082, 462A.202, 462C.02, 469.012