Minnesota 2023-2024 Regular Session

Minnesota Senate Bill SF4055

Introduced
2/22/24  

Caption

The Heights housing development in St. Paul funding provision from the housing infrastructure program

Impact

The impact of SF4055 on state laws includes the facilitation of housing infrastructure funding approved by the state legislature, which aims to address the growing need for affordable housing in Minnesota. By focusing on the construction of 899 multifamily rental units and single-family homes, the bill is positioned to improve the local housing market by integrating affordability into the broader economic development strategy of St. Paul. Furthermore, the bill requires periodic reporting to keep the legislature informed of progress and challenges throughout its implementation.

Summary

SF4055 is a legislative proposal designed to allocate funding for The Heights housing development project in St. Paul, Minnesota. This bill outlines a comprehensive funding mechanism totaling $72.6 million to support the construction of affordable housing units aimed at both the workforce and families, including those with low incomes and seniors. The bill specifically provides $49 million for workforce apartment homes and $23.6 million for single-family homes, signaling a commitment to addressing housing shortages and promoting diversity in housing options within the city.

Contention

Notable points of contention surrounding SF4055 center on funding allocations and the balance of state versus local authority in managing housing developments. Supporters assert that the targeted funding is crucial for creating sustainable community growth, whereas critics may voice concerns about the effectiveness of such funding in genuinely addressing the needs of the most vulnerable populations. There may also be apprehensions regarding the potential for over-reliance on state funding and the implications for local governments in managing housing policies that cater to diverse community needs.

Companion Bills

MN HF4278

Similar To St. Paul; The Heights housing development funding provided from the housing infrastructure program, report required, and money appropriated.

Previously Filed As

MN HF4278

St. Paul; The Heights housing development funding provided from the housing infrastructure program, report required, and money appropriated.

MN HF4194

Housing; prior appropriations modified, new programs established and existing programs modified, housing infrastructure bond eligible uses expanded, housing infrastructure bond issuance authorized, working group and task force established, reports required, and money appropriated.

MN SF4940

Housing infrastructure program appropriation modification, expansion of eligible uses of housing infrastructure bonds, and establishing a task force

MN HF4819

Eligible uses of housing infrastructure bonds expanded, recapitalization provided, housing infrastructure program prior appropriation amended, task force established, and reports required.

MN SF4804

Housing provisions modifications

MN HF4735

Housing provisions modified.

MN HF1874

Minnesota Housing Finance Agency policy provisions adopted, agency debt limit increased, authority to issue bonds expanded, eligibility requirements and uses for agency funding expanded, and housing infrastructure bond uses expanded.

MN HF743

Grant programs created to fund municipal housing projects and initiatives, excise tax imposed, housing and redevelopment authority maximum levy amount increased, housing infrastructure bonds authorized to finance affordable housing to low-income households, workforce housing added as eligible project for housing and redevelopment authorities, bonds issued, and money appropriated.

MN SF1093

Housing provisions modifications and appropriation

MN SF1799

Housing infrastructure bonds usage on adaptive reuse to develop supportive housing and permanent housing for households at or below 50 percent of the area median income authorization provision

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