Housing cooperatives; organization and operation provided for seniors, low and moderate income people, and limited equity cooperatives and leasing cooperatives for designated members.
Relating to limited equity cooperative low income housing; prescribing an effective date.
Corporations and Associations - Limited Equity Housing Cooperatives - Establishment
Minnesota Housing Finance Agency grant funding provided to local housing trust funds, and money appropriated.
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.
Down payment assistance program established for purchase of cooperative housing, affordable housing cooperative technical assistance program established, reports required, and money appropriated.
Minnesota Cooperative Housing Act
Restructures RI Housing and Conservation Trust Fund, increase its membership to 15 members, 11 of whom are to be from the general public and reallocate the percentage of the funds for housing, conservation and other goals.
Restructures RI Housing and Conservation Trust Fund, increase its membership to 15 members, 11 of whom are to be from the general public and reallocate the percentage of the funds for housing, conservation and other goals.
Corporations and Associations - Cooperative Limited Equity Housing Corporations - Establishment