Minnesota 2025-2026 Regular Session

Minnesota House Bill HF2480

Introduced

3/17/25

Refer

3/17/25

Caption

Housing; public corporations authorized relating to properties converted under the federal Rental Assistance Demonstration program, and funding authorized through the MHFA.

Impact

If enacted, HF2480 will amend several statutes to establish clearer guidelines for the creation and operation of these public corporations. Notably, the legislation outlines the powers and frameworks under which these entities can operate, which include the ability to manage funds, enter contracts, and adopt necessary bylaws. This structure is anticipated to optimize the agencies' efficiency by allowing a more focused and organized approach toward housing projects. Furthermore, it is expected to increase the capacity of housing authorities to respond to the growing need for affordable housing solutions in Minnesota.

Summary

House Bill 2480 (HF2480) seeks to empower housing and redevelopment authorities in Minnesota by allowing them to create public corporations specifically for the acquisition, ownership, and operation of properties that have been converted under the federal Rental Assistance Demonstration (RAD) program. This initiative is aimed at preserving and enhancing the availability of public housing, particularly in the face of housing shortages that impact lower-income families across the state. The bill encourages pathways for these authorities to obtain state funding to support such ventures, ultimately contributing to the expansion of affordable rental housing opportunities.

Contention

Despite the positive intentions behind HF2480, there are likely to be points of contention among stakeholders. Concerns could arise related to the control and governance of these new corporations, particularly in ensuring accountability and transparency in operations. Opposition may also emerge regarding the allocation of state resources towards this initiative, as critics may argue that the funds should be directed towards more direct forms of housing assistance for individuals and families. Additionally, there may be skepticism about the long-term effectiveness of using public corporations as a means to solve housing issues, particularly in light of past experiences with public housing management.

Companion Bills

MN SF2659

Similar To Housing and redevelopment authorities creation of public corporations for the purpose of purchasing, owning, and operating properties converted under the federal Rental Assistance Demonstration program authorization provision and Corporations reception of certain funding through the Minnesota Housing Finance Agency authorization provision

Previously Filed As

MN HF4271

Housing and redevelopment authorities authorized to create public corporations for the purpose of purchasing, owning, and operating properties converted under the federal Rental Assistance Demonstration program.

MN SF4254

Housing and redevelopment authorities creation of public corporations for the purpose of purchasing, owning , and operating properties converted under the federal Rental Assistance Demonstration program authorization

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 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 HF2335

Housing finance and policy bill.

MN HF4618

Housing infrastructure program appropriation modified, and assistance provided to preserve naturally-occurring affordable housing.

MN SF4158

Omnibus Housing supplemental appropriations

MN SF4678

Housing infrastructure program appropriation modification and naturally-occurring affordable housing assistance provision and appropriation

MN HF2757

Taxation; standard deduction calculation and statewide local housing aid definitions modified, and Beltrami County local sales and use tax authorization amended.

Similar Bills

MN HF1938

Tax finance and policy bill.

MN HF3171

Property taxes and individual income taxes modified, first-tier valuation limit for agricultural homestead properties modified, tier limits for homestead resort properties increased, homestead market value exclusion modified, state general levy reduced, unlimited Social Security subtraction allowed, temporary refundable child credit established, and money appropriated.

MN SF2981

Tax provisions modifications

MN HF2976

Property taxes and individual income taxes modified, homestead property tax provisions modified, state general levy reduced, unlimited Social Security subtraction allowed, income tax rates decreased, temporary refundable child credit established, direct payments to individuals provided, and money appropriated.