This legislative bill is a proposal in the state of Minnesota that seeks to amend existing statutes related to local government financial aid. Specifically, the bill intends to dedicate a portion of the local government aid provided to cities for housing needs. It introduces a new concept called the "Housing need percentage," which will calculate this aid based on two factors: the percentage of housing units built before 1940, and the percentage of housing units built between 1940 and 1970 in each city. The aid will thus be targeted to areas with older housing stock, aiming to address the specific needs of these communities for maintaining or improving their housing infrastructures.