HF1489 (Legislative Session 94 (2025-2026))
Public housing rehabilitation funding provided, bonds issued, and money appropriated.
Related bill: SF915
AI Generated Summary
The bill proposes appropriating $100 million from state bond proceeds to the Minnesota Housing Finance Agency for public housing rehabilitation. The funds will be used to preserve public housing for low-income individuals and households. The agency may prioritize projects that leverage federal or local resources and focus on health, safety, and energy improvements. The bill also authorizes the sale and issuance of state bonds to finance the appropriation. Certain statutory restrictions on affordable housing projects will not apply to this appropriation.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 23, 2025 | House | Floor | Action | Introduction and first reading, referred to | Capital Investment |
| February 25, 2025 | House | Floor | Action | Author added | |
| March 25, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"Allows financing for rehabilitation to preserve public housing."
],
"removed": [
"Excludes application of certain restrictions in subdivision 7."
],
"summary": "This appropriation for public housing rehabilitation involves section 462A.202, subdivision 3a.",
"modified": [
"Overrides priority for increasing supply of affordable housing."
]
},
"citation": "462A.202"
},
{
"analysis": {
"added": [
"Authorizes issuance of bonds for public housing effort."
],
"removed": [
"None applicable as this is guidance for bond issuance."
],
"summary": "Mandates that bond proceeds rules in sections 16A.631 to 16A.675 be followed for the sale and issuance of bonds.",
"modified": [
"Uses these sections to ensure legal compliance in bond selling."
]
},
"citation": "16A.631 to 16A.675"
}
]