This bill seeks to amend various housing policy provisions in Minnesota, focusing on eligibility and funding for housing programs, as well as the high-rise sprinkler system program. Key changes include clarifying that financial assistance from the Minnesota Housing Finance Agency is applicable to multifamily housing developments and introducing a new requirement for the publication of information regarding the rights and obligations of landlords and tenants. The bill also allows for the redistribution of unused funds among program administrators to improve the efficiency of rental assistance for eligible households. Additionally, it expands the high-rise sprinkler system program to include loans alongside grants, with specific funding requirements for both nonprofit and for-profit organizations.

Moreover, the bill introduces provisions for housing and redevelopment authorities to create public corporations for managing properties converted through the federal Rental Assistance Demonstration (RAD) program. It defines a "City" to encompass these public corporations and allows housing authorities to form partnerships or corporations for developing and managing housing projects. The governance structure of the new public corporation is outlined, including a board of directors made up of commissioners from the creating authority, and mandates compliance with relevant laws. Upon dissolution, the corporation's assets will revert to the authority that established it, with an effective date for these provisions 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