This bill modifies the competitive selection processes for certain development programs in Minnesota by introducing provisions for awarding additional points to proposals that support the establishment of community land trusts. Specifically, the commissioner of the Housing Finance Agency is authorized to grant up to five percent of the total available points in a competitive capital development program to projects located in cities or townships with properties qualifying as class 4d(2) under Minnesota Statutes. This aims to incentivize development in areas that meet specific criteria, thereby promoting community land trusts.

Additionally, the bill includes a provision that this section will expire on December 31, 2030, and it will take effect the day following final enactment, applying to selection criteria and scoring systems developed thereafter. This structured timeline ensures that the new incentives are implemented promptly while also providing a clear endpoint for the program's applicability.