reglab/statecodes huggingface dataset:
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.11 — Pledges.

462A.11 PLEDGES.
Any pledge made by the agency shall be valid and binding from the time when the pledge is made, the moneys or property so pledged and thereafter received by the agency shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the agency, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.
History:
1971 c 702 s 11
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.12 — Bonds And Notes; Nonliability Of Individuals.

462A.12 BONDS AND NOTES; NONLIABILITY OF INDIVIDUALS.
Neither the members of the agency nor any person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the issuance thereof.
History:
1971 c 702 s 12
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.13 — Bonds And Notes; Purchase By Agency.

462A.13 BONDS AND NOTES; PURCHASE BY AGENCY.
The agency, subject to such agreements with noteholders or bondholders as may then exist, shall have power out of any funds available therefor to purchase notes or bonds of the agency, either at initial issuance or at a subsequent date, for cancellation or as an investment of funds of the agency until required for its authorized purposes. If so purchased, the notes or bonds shall be purchased at a price not exceeding (a) if the notes or bonds are then redeemable, the redemption price then applicable plus accrued interest to the purchase date, or (b) if the notes or bonds are not redeemable, the redemption price applicable on the first date after such purchase upon which the notes or bonds become subject to redemption plus accrued interest to the purchase date.
History:
1971 c 702 s 13; 1997 c 200 art 4 s 10
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.14 — Bonds And Notes; Nonliability Of State.

462A.14 BONDS AND NOTES; NONLIABILITY OF STATE.
The state of Minnesota shall not be liable on notes or bonds of the agency and such notes and bonds shall not be a debt of the state. The notes and bonds shall contain on the face thereof, a statement to such effect.
History:
1971 c 702 s 14
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.15 — State Pledge Against Impairment Of Contracts.

462A.15 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS.
The state pledges and agrees with the holders of any notes or bonds issued under this chapter, that the state will not limit or alter the rights vested in the agency to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies of the holders until the notes or bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. The agency is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.
History:
1971 c 702 s 15; 1Sp2001 c 4 art 4 s 17
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.16 — Default In Payments; Appointment Of Trustee.

462A.16 DEFAULT IN PAYMENTS; APPOINTMENT OF TRUSTEE.
If the agency defaults in the payment of principal or interest on any issue of notes or bonds after the same shall become due, whether at maturity or upon call for redemption, and such default continues for a period of 30 days, or if the agency fails or refuses to comply with the provisions of this chapter, or defaults in any agreement made with the holders of any issue of notes or bonds, the holders of 25 percent in aggregate principal amount of the notes or bonds of such issue then outstanding may appoint a trustee to represent the holders of such notes or bonds for the purposes set forth in section 462A.17, unless the notes or bonds are issued under an indenture made and entered into by the agency with a designated trustee.
History:
1971 c 702 s 16; 1973 c 515 s 32
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.17 — Powers And Duties Of Trustee.

462A.17 POWERS AND DUTIES OF TRUSTEE.
Subdivision 1.
Specific list.
The trustee designated in any indenture or resolution securing an issue of notes or bonds, or a trustee appointed pursuant to section 462A.16, may, and upon written request of the holders of 25 percent in principal amount of such notes or bonds then outstanding shall, in the trustee's own name, subject to the provisions of such indenture or resolution:
(1) enforce all rights of the noteholders or bondholders, including the right to require the agency to collect fees and charges and interest and payments on eligible loans and mortgages made and eligible securities purchased by it adequate to carry out any agreement as to, or pledge of, such fees and charges and payments and to require the agency to carry out any other agreements with the holders of such notes or bonds and to perform its duties under this chapter;
(2) bring suit upon such notes or bonds;
(3) require the agency to account as if it were the trustee of any express trust for the holders of such notes or bonds;
(4) enjoin any acts or things which may be unlawful or in violation of the rights of holders of such notes or bonds; or
(5) declare all such notes or bonds due and payable, and if all defaults shall be made good, then, with the consent of the holders of 25 percent of the principal amount of such notes or bonds then outstanding, the trustee may annul such declaration and consequences.
Subd. 2.
Other necessary or appropriate powers.
In addition to the powers specifically granted herein, the trustee shall have and possess all of the powers necessary or appropriate for the exercise of any functions specifically set forth herein or incident to the general representation of bondholders or noteholders in the enforcement and protection of their rights.
Subd. 3.
Ramsey County venue; notice of principal due.
The venue of any action or proceedings brought by the trustees under this chapter, shall be in Ramsey County. Before declaring the principal of notes or bonds due and payable, the trustee shall first give 30 days' notice in writing to the governor, to the agency, and to the commissioner of management and budget.
History:
1971 c 702 s 17; 1973 c 35 s 76; 1973 c 501 s 16; 1973 c 515 s 33; 1986 c 444; 1Sp2001 c 4 art 4 s 18; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.18 — Moneys Of Agency.

462A.18 MONEYS OF AGENCY.
Subdivision 1.
Functions of commissioner of management and budget.
All moneys of the agency, except as otherwise authorized or provided in this section, shall be paid to the commissioner of management and budget as agent of the agency, who shall not commingle such moneys with any other moneys. The moneys in such accounts shall be paid out by the commissioner on requisition of the chair of the agency or of such other officer or employee as the agency shall authorize to make such requisition. All deposits of such moneys shall, if required by the commissioner or the agency, be secured by obligations of the United States or of the state of a market value equal at all times to the amount of the deposit and all banks and trust companies are authorized to give such security for such deposits.
Subd. 2.
Contracts and security.
Notwithstanding the provisions of this section, the agency shall have power to contract with the holders of any of its notes or bonds, as to the custody, collection, securing, investment, and payment of any money of the agency, or any money held in trust or otherwise for the payment of notes or bonds, and to carry out such contract. Money held in trust or otherwise for the payment of notes or bonds or in any way to secure notes or bonds and deposits of such money may be secured in the same manner as money of the agency, and all banks and trust companies are authorized to give such security for such deposits. All money so paid to the commissioner of management and budget as agent of the agency, from whatever source, is appropriated to the agency. The agency's notes and bonds are not subject to sections 16C.03, subdivision 4, and 16C.05.
Subd. 3.
System of accounts.
Subject to agreements with noteholders and bondholders, the commissioner of management and budget shall prescribe a system of accounts.
History:
1971 c 702 s 18; 1973 c 492 s 14; 1973 c 515 s 34; 1986 c 444; 1987 c 350 s 11; 1998 c 386 art 2 s 92; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109; 1Sp2019 c 10 art 3 s 38
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.19 — Exemption From Taxes.

462A.19 EXEMPTION FROM TAXES.
Subdivision 1.
Property exempt from taxation.
The property of the agency and its income and operation shall be exempt from all taxation by the state or any of its political subdivisions.
Subd. 2.
[Repealed, 1983 c 213 s 25]
History:
1971 c 702 s 19; 1983 c 213 s 19
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.2035 — Manufactured Home Park Redevelopment Program.

462A.2035 MANUFACTURED HOME PARK REDEVELOPMENT PROGRAM.
Subdivision 1.
Establishment.
The agency shall establish a manufactured home park redevelopment program for the purpose of making manufactured home park redevelopment grants or loans for the purposes specified in this section.
Subd. 1a.
Individual assistance grants.
Eligible recipients may use individual assistance grants and loans under this program to:
(1) provide current residents of manufactured home parks with buy-out assistance not to exceed $4,000 per home with preference given to older manufactured homes; and
(2) provide down-payment assistance for the purchase of new and preowned manufactured homes that comply with the current version of the United States Department of Housing and Urban Development's Manufactured Housing Code in effect at the time of the sale, not to exceed $10,000 per home.
Subd. 1b.
Manufactured home park infrastructure grants and loans.
Eligible recipients may use manufactured home park infrastructure grants and loans under this program for:
(1) acquisition of and improvements in manufactured home parks; and
(2) infrastructure, including storm shelters and community facilities.
Subd. 2.
Eligibility requirements.
For individual assistance grants under subdivision 1a, households assisted must have an annual household income at or below 80 percent of the area median household income. Cities, counties, or community action programs receiving funds under the program must give preference to households at or below 50 percent of the area median household income. Participation in the program is voluntary and no park resident shall be required to participate.
Subd. 3.
Statewide program.
The agency shall attempt to make grants and loans in approximately equal amounts to applicants outside and within the metropolitan area. Grants and loans under this section shall be provided in a manner consistent with the agency's policies and purposes in section 462A.02.
Subd. 4.
Infrastructure repair and replacement fund.
Each recipient receiving a grant under subdivision 1b shall provide from year to year, on a cumulative basis, for adequate reserve funds to cover the repair and replacement of the private infrastructure systems serving the community.
History:
1Sp2001 c 4 art 4 s 20; 2017 c 94 art 11 s 5; 2018 c 214 art 2 s 14,15; 1Sp2019 c 1 art 6 s 20,21; 2023 c 37 art 4 s 6
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.2065 — Report On Loss Of Housing.

462A.2065 REPORT ON LOSS OF HOUSING.
Each year, the commissioner shall report to the chair of the house of representatives Housing and Housing Finance Division and to the chair of the senate Jobs, Energy, and Community Development Committee, the information provided in the reports made to the commissioner under section 469.0305.
History:
1997 c 200 art 4 s 15
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.2091 — Contract For Deed Guarantee Account.

462A.2091 CONTRACT FOR DEED GUARANTEE ACCOUNT.
Subdivision 1.
Creation.
The contract for deed guarantee account is created as a separate account in the housing development fund. Money in the account is appropriated to the agency for the purposes of this section. The account consists of money appropriated to the account and transferred from other sources and all earnings from money in the account.
Subd. 2.
Account uses.
Money in the account may be used to create a guarantee fund for the refinancing of contracts for deed.
Subd. 3.
Eligible property.
Contracts for deed eligible for refinancing with guarantee fund assistance must be for the purchase of an owner-occupied single-family or duplex structure. In a city of the first class in the metropolitan area, eligible properties must be located in an area in which at least one census tract meets at least three of the following four criteria:
(1) at least 70 percent of the housing structures were built before 1960;
(2) at least 60 percent of the single-family housing is owner-occupied;
(3) the median market value of the area's owner-occupied housing, as recorded in the most recent federal decennial census, is not more than 100 percent of the purchase price limit for existing homes eligible for purchase in the area under the agency's home mortgage loan program; and
(4) between 1980 and 1990, the rate of owner occupancy of residential properties in the area declined by at least five percent, or at least 80 percent of the residential properties in the area are rental properties.
The area must include eight blocks in any direction from the census tract. Priority must be given for property located in an area that meets all four criteria.
History:
1995 c 224 s 107; 1Sp2001 c 4 art 4 s 24
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.2093 — Innovative And Inclusionary Housing Program.

462A.2093 INNOVATIVE AND INCLUSIONARY HOUSING PROGRAM.
Subdivision 1.
Definitions.
For purposes of this section, the following terms have the meanings given them in this subdivision.
(a) "Municipality" means a town or a statutory or home rule city.
(b) "Nonmetropolitan" means the area of the state outside of the metropolitan area.
(c) "Inclusionary housing development" means a new construction development including owner-occupied or rental housing, or a combination of both, with a variety of prices and designs which serve families with a range of incomes and housing needs.
Subd. 2.
Application criteria.
The commissioner must give preference to economically viable proposals to the degree that they: (1) use innovative building techniques or materials to lower construction costs while maintaining high quality construction and livability; (2) are located in communities that have demonstrated a willingness to waive local restrictions which otherwise would increase costs of construction; and (3) include units affordable to households with incomes at or below 80 percent of the greater of state or area median income.
Cost savings from regulatory incentives must be reflected in the sale of all residences in an inclusionary housing development.
History:
1999 c 223 art 2 s 54; 1Sp2001 c 4 art 4 s 25
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.2097 — Rental Housing.

462A.2097 RENTAL HOUSING.
The agency may establish a tenant-based or project-based rental housing assistance program for persons of low income or for persons with a mental illness or families that include an adult family member with a mental illness. Rental assistance may be in the form of direct rental subsidies for housing for persons or families with incomes, at the time of initial occupancy, of up to 50 percent of the area median income as determined by the United States Department of Housing and Urban Development, adjusted for families of five or more. Housing for the mentally ill must be operated in coordination with social service providers who provide services requested by tenants. Direct rental subsidies must be administered by the agency for the benefit of eligible tenants. Financial assistance provided under this section must be in the form of vendor payments whenever possible.
History:
1995 c 224 s 108; 1Sp2001 c 4 art 4 s 26
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.221 — Definitions.

462A.221 DEFINITIONS.
Subdivision 1.
Terms.
For purposes of sections 462A.221 to 462A.225, the following terms have the meanings given them.
Subd. 1a.
Allocating agency.
"Allocating agency" means the Minnesota Housing Finance Agency and each county and city that allocates reserved tax credits as provided under section 462A.222, subdivision 1.
Subd. 1b.
Allocation.
An "allocation" is considered to have been made either when Part I of Internal Revenue Service Form 8609, Low-Income Housing Credit Allocation Certification, is completed and signed by an authorized official of the allocating agency and mailed to the owner of the qualified low-income building or when the allocating agency issues a carryover.
Subd. 2.
City.
"City" means a statutory or home rule charter city.
Subd. 2a.
Commitment.
"Commitment" means a nontransferable, legally binding agreement between an allocating agency and a developer for the use of tax credits.
Subd. 3.
Housing and redevelopment authority.
"Housing and redevelopment authority" means a housing and redevelopment authority established pursuant to section 469.003, or other law, or any other municipal department, agency, or authority which exercises the powers of a housing and redevelopment authority pursuant to section 469.003 or other law.
Subd. 4.
[Repealed, 1Sp2001 c 4 art 4 s 39]
Subd. 5.
Substantial rehabilitation.
"Substantial rehabilitation" means rehabilitation of at least $5,000 per unit.
History:
1987 c 350 s 12; 1989 c 209 art 2 s 1; 1990 c 368 s 1-3; 1993 c 164 s 1,2
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.225 — State Register Notice.

462A.225 STATE REGISTER NOTICE.
The agency shall publish in the State Register a notice of the availability electronically of all data relating to the state ceiling, state demographer population and rental unit estimates, and other information or procedures specified in section 42 of the Internal Revenue Code of 1986, applicable United States Treasury Department regulations, and this subdivision, that the agency considers pertinent to the distribution of low-income housing credits and a link to the information described in this section. Publications under this section are not subject to chapter 14.
History:
1987 c 350 s 15; 2014 c 161 art 5 s 1
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.235 — Commissioner Of Commerce; Duties.

462A.235 COMMISSIONER OF COMMERCE; DUTIES.
The commissioner of commerce shall strongly encourage all financial institutions organized under chapter 47 to cooperate with the Minnesota Housing Finance Agency to effectuate the purposes of the Minnesota Housing Finance Agency Law of 1971, as amended.
History:
1976 c 254 s 14; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.236 — Rules.

462A.236 RULES.
The agency may adopt rules for the efficient administration of section 462A.05, subdivisions 14b, 18a, and 23.
History:
1983 c 301 s 210; 1984 c 640 s 32; 1996 c 305 art 2 s 64
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.24 — Construction; Grants And Loans; Priorities.

462A.24 CONSTRUCTION; GRANTS AND LOANS; PRIORITIES.
(a) This chapter is necessary for the welfare of the state of Minnesota and its inhabitants; therefore, it shall be liberally construed to effect its purpose.
(b) To the extent practicable, the agency shall award grant and loan amounts with a reasonable balance between nonmetropolitan and metropolitan areas of the state.
(c) Beginning with applications made in response to requests for proposals issued after July 1, 2020, after final decisions are made on applications for programs of the agency, the results of any quantitative scoring system used to rank applications shall be posted on the agency website.
History:
1971 c 702 s 24; 1Sp2001 c 4 art 4 s 33; 1Sp2019 c 1 art 6 s 25
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.29 — Interagency Coordination On Homelessness.

462A.29 INTERAGENCY COORDINATION ON HOMELESSNESS.
The agency shall coordinate services and activities of all state agencies relating to homelessness. The agency shall coordinate an investigation and review of the current system of service delivery to the homeless. The agency may request assistance from other agencies of state government as needed for the execution of the responsibilities under this section and the other agencies shall furnish the assistance upon request.
History:
1990 c 520 s 2
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.30 — Definitions.

462A.30 DEFINITIONS.
Subdivision 1.
Applicability.
The definitions in this section apply to sections 462A.02, subdivision 11, 462A.30, and 462A.31.
Subd. 2.
[Repealed, 1Sp2001 c 4 art 4 s 39]
Subd. 3.
First option to purchase.
"First option to purchase" means a right of a community land trust or the agency to purchase all or any portion of the improvements and leasehold interest of a lessee, sublessee, or other resident of property subject to a ground lease, prior to the rights of any other party and at a limited equity price.
Subd. 4.
Ground lease.
"Ground lease" means a lease of real property in which the lease does not include buildings or other improvements.
Subd. 5.
Leasehold interest.
"Leasehold interest" means the real property interest of a lessee in a ground lease in which the community land trust is the lessor.
Subd. 6.
Limited equity formula.
"Limited equity formula" means a method, approved by the agency, for calculation of the limited equity price, designed to maintain the affordability of the housing and the public subsidy.
Subd. 7.
Limited equity price.
"Limited equity price" means a price for the sale of any building or other improvement located on land owned by a community land trust determined by means of the limited equity formula.
Subd. 8.
Community land trust.
"Community land trust" means a city or a nonprofit corporation organized under chapter 317A that complies with section 462A.31 and that qualifies for tax exempt status under United States Code, title 26, section 501(c)(3), and that meets all other criteria for community land trusts set by the agency.
Subd. 9.
Persons and families of low and moderate income.
"Persons and families of low and moderate income" means persons or families whose income does not exceed:
(1) 115 percent of the greater of state median income, or area or county median income as determined by the Department of Housing and Urban Development; or
(2) the amount that qualifies the organization for tax exempt status under United States Code, title 26, section 501(c)(3), whichever is less.
History:
1991 c 287 s 2; 1992 c 522 s 37-39; 1994 c 586 s 10; 2012 c 288 s 12; 1Sp2021 c 8 art 2 s 9
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.34 — Visitability Requirement.

462A.34 VISITABILITY REQUIREMENT.
All new construction of single-family homes, duplexes, triplexes, and multilevel townhouses that are financed in whole or in part by the agency must incorporate basic visitability access into their design and construction. For the purpose of this section, "visitability" means designing a dwelling so that people with mobility impairments may enter and comfortably stay for a duration. The specific design elements include one no-step entrance, 32-inch clear doorways throughout the dwelling, and a one-half bathroom on the main level. The agency may waive the one-half bathroom requirement if it reduces affordability for the targeted population of the agency program from which it is funded. The agency may waive the no-step entrance requirement if site conditions make the requirement impractical or if it reduces affordability for the targeted population of the agency program from which it is funded. This section does not apply to owner-occupied housing financed by the agency through a mortgage program unless the agency has provided appropriated funds to finance the construction of the new owner-occupied housing.
History:
1Sp2001 c 4 art 4 s 35
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.35 — Minnesota Manufactured Home Relocation Trust Fund.

462A.35 MINNESOTA MANUFACTURED HOME RELOCATION TRUST FUND.
Subdivision 1.
Establishment of fund.
The Minnesota manufactured home relocation trust fund is established as a separate account in the housing development fund. The agency may use the money from the Minnesota manufactured home relocation trust fund to make payments to manufactured home owners under section 327C.095, subdivision 13, paragraphs (a) and (e). All interest earned from the investment or deposit of money in the trust fund must be deposited in the trust fund. The Minnesota manufactured home relocation trust fund account shall consist of:
(1) payments collected from manufactured home park owners under section 327C.095, subdivision 12, paragraph (a), and subdivision 13, paragraph (e);
(2) payments collected from manufactured home owners under section 327C.095, subdivision 12, paragraph (c);
(3) interest earned on the money deposited into the trust fund; and
(4) other appropriated funds.
Subd. 2.
Expending funds.
The agency may expend the money in the Minnesota manufactured home relocation trust fund to the extent necessary to carry out the objectives of section 327C.095, subdivision 13, by making payments to manufactured home owners, or other parties approved by the third-party neutral, under subdivision 13, paragraphs (a) and (e), and to pay the costs of administering the fund. Money in the fund is appropriated to the agency for these purposes and to the commissioner of management and budget to pay costs incurred by the commissioner of management and budget to administer the fund.
History:
2007 c 141 s 8; 2009 c 101 art 2 s 109
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.355 — Advances To Minnesota Manufactured Home Relocation Trust Fund.

462A.355 ADVANCES TO MINNESOTA MANUFACTURED HOME RELOCATION TRUST FUND.
(a) The Minnesota Housing Finance Agency or Department of Management and Budget as determined by the commissioner of management and budget, is authorized to advance up to $400,000 from state appropriations or other resources to the Minnesota manufactured home relocation trust fund established under section 462A.35 if the account balance in the Minnesota manufactured home relocation trust fund is insufficient to pay the amounts claimed under section 327C.095, subdivision 13.
(b) The Minnesota Housing Finance Agency or Department of Management and Budget shall be reimbursed from the Minnesota manufactured home relocation trust fund for any money advanced by the agency under paragraph (a) to the fund. Approved claims for payment to manufactured home owners shall be paid prior to the money being advanced by the agency or the department to the fund.
History:
1Sp2019 c 1 art 6 s 27
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.375 — Additional Purposes, Housing Infrastructure Bonds.

462A.375 ADDITIONAL PURPOSES, HOUSING INFRASTRUCTURE BONDS.
In addition to any other purpose authorized in this chapter for use of housing infrastructure bond proceeds, the agency may use the proceeds to fund loans, on terms and conditions the agency deems appropriate, to finance the costs of the construction, acquisition, and rehabilitation of supportive housing for girls and women to provide them protection from and the means to escape exploitation and trafficking.
History:
2012 c 292 art 5 s 1
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.395 — Greater Minnesota Housing Infrastructure Grant Program.

462A.395 GREATER MINNESOTA HOUSING INFRASTRUCTURE GRANT PROGRAM.
Subdivision 1.
Grant program established.
The commissioner of the Minnesota Housing Finance Agency may make grants to cities to provide up to 50 percent of the capital costs of public infrastructure necessary for an eligible workforce housing development project. The commissioner may make a grant award only after determining that nonstate resources are committed to complete the project. The nonstate contribution may be cash, other committed grant funds, or in kind. In-kind contributions may include the value of the site, whether the site is prepared before or after the law appropriating money for the grant is enacted.
Subd. 2.
Definitions.
(a) For the purposes of this section, the following terms have the meanings given.
(b) "City" means a statutory or home rule charter city located outside the metropolitan area, as defined in section 473.121, subdivision 2.
(c) "Housing infrastructure" means publicly owned physical infrastructure necessary to support housing development projects, including but not limited to sewers, water supply systems, utility extensions, streets, wastewater treatment systems, stormwater management systems, and facilities for pretreatment of wastewater to remove phosphorus.
Subd. 3.
Eligible projects.
Housing projects eligible for a grant under this section may be a single-family or multifamily housing development, and either owner-occupied or rental.
Subd. 4.
Application.
(a) The commissioner must develop forms and procedures for soliciting and reviewing applications for grants under this section. At a minimum, a city must include in its application a resolution of the city council certifying that the required nonstate match is available. The commissioner must evaluate complete applications for funding for eligible projects to determine that:
(1) the project is necessary to increase sites available for housing development that will provide adequate housing stock for the current or future workforce; and
(2) the increase in workforce housing will result in substantial public and private capital investment in the city in which the project would be located.
(b) The determination of whether to make a grant for a site is within the discretion of the commissioner, subject to this section. The commissioner's decisions and application of the criteria are not subject to judicial review, except for abuse of discretion.
Subd. 5.
Maximum grant amount.
A city may receive no more than $30,000 per lot for single-family, duplex, triplex, or fourplex housing developed and no more than $180,000 per lot for multifamily housing with more than four units per building. A city may receive no more than $500,000 in two years for one or more housing developments.
History:
2023 c 37 art 2 s 7; 2023 c 72 art 3 s 34
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462A — Housing Finance Agency › Section 462A.42 — Supportive Housing Program.

462A.42 SUPPORTIVE HOUSING PROGRAM.
Subdivision 1.
Establishment.
The agency shall establish a supportive housing program to provide funding to increase alignment with housing development financing and strengthen supportive housing for individuals and families who have experienced homelessness.
Subd. 2.
Definition.
For the purposes of this section, "supportive housing" means housing that is not time-limited and provides or coordinates with services necessary for residents to maintain housing stability and maximize opportunities for education and employment.
Subd. 3.
Eligible recipients.
Funding may be made to a local unit of government, a federally recognized American Indian Tribe or its Tribally Designated Housing Entity located in Minnesota, a private developer, or a nonprofit organization.
Subd. 4.
Eligible uses.
(a) Funds shall be used to cover costs needed for supportive housing to operate effectively. Costs may include but are not limited to building operating expenses such as front desk, tenant service coordination, revenue shortfall, and security costs. These funds may be capitalized as part of development costs. Funds may be provided to support existing permanent supportive housing units or to cover costs associated with new permanent supportive housing units.
(b) Funds may be used to create partnerships with the health care sector and other sectors to demonstrate sustainable ways to provide services for supportive housing residents, improve access to health care, and reduce the use of expensive emergency and institutional care. This may be done in partnership with other state agencies, including the Department of Health and the Department of Human Services.
Subd. 5.
Application.
The commissioner shall develop forms and procedures for soliciting and reviewing applications for funding under this section. The commissioner shall consult with interested stakeholders when developing the guidelines and procedures for the program.
History:
2023 c 37 art 2 s 4
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462C — Municipal Housing › Section 462C.01 — Authorization.

462C.01 AUTHORIZATION.
A city may develop and administer programs of (1) making or purchasing mortgage or rehabilitation loans pursuant to section 462C.03 to finance the acquisition or rehabilitation of single family housing by low and moderate income persons and families anywhere within its boundaries, or (2) making or purchasing loans pursuant to section 462C.05 to finance multifamily housing developments or the rehabilitation of multifamily housing developments if the program is submitted for review pursuant to section 462C.04, subdivision 2.
History:
1979 c 306 s 1; 1982 c 624 s 1; 1995 c 167 s 1
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462C — Municipal Housing › Section 462C.04 — Program Review.

462C.04 PROGRAM REVIEW.
Subdivision 1.
[Repealed, 1995 c 167 s 16]
Subd. 2.
Program review.
A public hearing shall be held on each program after one publication of notice in a newspaper circulating generally in the city, at least 15 days before the hearing. On or before the day on which notice of the public hearing is published, the city shall submit the program to the Metropolitan Council, if the city is located in the metropolitan area as defined in section 473.121, subdivision 2, or to the regional development commission for the area in which the city is located, if any, for review and comment. The appropriate reviewing agency shall comment on:
(a) whether the program furthers local and regional housing policies and is consistent with the Metropolitan Development Guide, if the city is located in the metropolitan area, or adopted policies of the regional development commission; and
(b) the compatibility of the program with the housing portion of the comprehensive plan of the city, if any.
Review of the program may be conducted either by the board of the reviewing agency or by the staff of the agency. Any comment submitted by the reviewing agency to the city must be presented to the body considering the proposed program at the public hearing held on the program.
A member or employee of the reviewing agency shall be permitted to present the comments of the reviewing agency at the public hearing. After conducting the public hearing, the program may be adopted with or without amendment, provided that any amendments must not be inconsistent with the comments, if any, of the reviewing agency and must not contain any material changes from the program submitted to the reviewing agency other than changes in the financial aspects of any proposed issue of bonds or obligations. If any material change other than a change in the financial aspects of a proposed issue of bonds or obligations, or any change which is inconsistent with the comments of the reviewing agency is adopted, the amended program shall be resubmitted to the appropriate reviewing agency for review and comment, and a public hearing shall be held on the amended program after one publication of notice in a newspaper circulating generally in the city at least 15 days before the hearing. The amended program shall be considered after the public hearing in the same manner as consideration of the initial program.
Subd. 3.
[Repealed, 2014 c 161 art 2 s 1]
Subd. 4.
[Repealed, 2014 c 161 art 2 s 1]
History:
1979 c 306 s 4; 1982 c 624 s 8; 1983 c 216 art 1 s 70; 1Sp1985 c 14 art 8 s 25; 1987 c 384 art 1 s 40; 1993 c 236 s 18; 1995 c 167 s 3,4
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462C — Municipal Housing › Section 462C.06 — County Hra Acting On Behalf Of City.

462C.06 COUNTY HRA ACTING ON BEHALF OF CITY.
A housing and redevelopment authority in and for a county may exercise the powers conferred by sections 462C.01 to 462C.10 either (1) on its own behalf or (2) on behalf of a city (other than a county housing and redevelopment authority), if the city authorizes the housing and redevelopment authority in and for the county in which the city is located to exercise such powers and the county has authorized its housing and redevelopment authority to exercise its powers pursuant to section 469.004 or the county housing and redevelopment authority has been created by special law; provided, however, that any program undertaken pursuant to this section is subject to the limitations of sections 462C.03 and 462C.04 in the case of a single-family housing program, and subject to the limitations of section 462C.05 in the case of a multifamily housing development program.
History:
1979 c 306 s 6; 1986 c 465 art 2 s 12; 1987 c 291 s 222
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462C — Municipal Housing › Section 462C.08 — Other Housing Legislation.

462C.08 OTHER HOUSING LEGISLATION.
Sections 462C.01 to 462C.07 do not impair or otherwise affect the validity or provisions for the security of any obligations issued or agreements made pursuant to law before June 2, 1979. Sections 462C.01 to 462C.07 do not preclude or affect or limit the institution or financing or character of a housing program, project or development permitted for any city by any special law in effect on June 2, 1979, except that: (a) section 462C.03 is applicable to any program undertaken pursuant to a special law adopted after January 1, 1979, (b) no such city or agency thereof may issue obligations after January 1, 1980, for the purpose of financing a housing program or development of any kind referred to in sections 462C.01 to 462C.05, unless its plan therefor has previously been reviewed by the appropriate reviewing body and its program has been reviewed and approved by the agency; and all such obligations issued by such cities after January 1, 1980, shall be subject to the limitations set forth in sections 462C.01 to 462C.07.
History:
1979 c 306 s 8
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462C — Municipal Housing › Section 462C.10 — Official Action Exception.

462C.10 OFFICIAL ACTION EXCEPTION.
Bonds or other obligations which were approved by official action of a city before April 25, 1979, and exempted from the provisions of the Mortgage Subsidy Bond Tax Act of 1980, Public Law 96-499, pursuant to section 1104(b) may be issued without regard to the restrictions of section 462C.07, subdivision 2, except that for the purpose of subsequent bond issues, the exempted issues shall count against the cap provided in section 462C.07, subdivision 2.
History:
1981 c 306 s 18
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462C — Municipal Housing › Section 462C.11 — Mortgage Credit Certificate Programs.

462C.11 MORTGAGE CREDIT CERTIFICATE PROGRAMS.
Subdivision 1.
City program.
A city may include in the housing plan a program to issue and administer mortgage credit certificates, under a qualified mortgage credit certificate program, to assist in the acquisition, qualified rehabilitation, or qualified home improvement of the recipient's principal residence.
Subd. 2.
Program requirements.
Mortgage credit certificate programs adopted by the city shall comply with all of the provisions of section 25 of the Internal Revenue Code of 1986.
Subd. 3.
Correction amounts.
Correction amounts determined by the secretary of the treasury because of the failure of a mortgage credit certificate program to comply with a federal statute or regulation shall be assessed against the amount of qualified mortgage bonds allocated by chapter 474A to the issuer which adopted the program. If no allocation exists or it is less than the correction amount determined by the secretary of the treasury, then the amount of the correction amount in excess of the allocation shall be assessed against the multifamily housing pool.
History:
1Sp1985 c 14 art 8 s 29; 1987 c 268 art 16 s 43,44
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462C — Municipal Housing › Section 462C.13 — City Indian Housing Authority.

462C.13 CITY INDIAN HOUSING AUTHORITY.
A city may establish an Indian housing authority as provided in the Code of Federal Regulations, title 24, part 905, with all necessary legal powers to carry out housing projects for low- and moderate-income American Indians.
History:
1989 c 328 art 4 s 7
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462D — First-time Home Buyer Savings Account Act › Section 462D.03 — Establishment Of Accounts.

462D.03 ESTABLISHMENT OF ACCOUNTS.
Subdivision 1.
Accounts established.
An individual may open an account with a financial institution and designate the account as a first-time home buyer savings account to be used to pay or reimburse the designated qualified beneficiary's eligible costs.
Subd. 2.
Designation of qualified beneficiary.
(a) The account holder must designate a first-time home buyer as the qualified beneficiary of the account in a form and manner prescribed by the commissioner following the taxable year in which the account was established. The account holder may be the qualified beneficiary. The account holder may change the designated qualified beneficiary at any time, but no more than one qualified beneficiary may be designated for an account at any one time. For purposes of the one beneficiary restriction, a married couple qualifies as one beneficiary. Changing the designated qualified beneficiary of an account does not affect computation of the ten-year period under section 462D.06, subdivision 2.
(b) The commissioner shall establish a process for account holders to notify the state that permits recording of the account, the account holder or holders, any transfers under section 462D.04, subdivision 2, and the designated qualified beneficiary for each account. This may be done upon filing the account holder's income tax return or in any other way the commissioner determines to be appropriate.
Subd. 3.
Joint account holders.
An individual may jointly own a first-time home buyer account with another person if the joint account holders file a married joint income tax return.
Subd. 4.
Multiple accounts.
(a) An individual may be the account holder of more than one first-time home buyer savings account, but must not hold or own multiple accounts that designate the same qualified beneficiary.
(b) An individual may be designated as the qualified beneficiary on more than one first-time home buyer savings account.
Subd. 5.
Contributions.
Only cash may be contributed to a first-time home buyer savings account. Individuals other than the account holder may contribute to an account. No more than $14,000 ($28,000 for married joint filers) may be contributed in any year and no more than $50,000 ($100,000 for married joint filers) may be contributed in all years. The maximum amount in any account is limited to $150,000.
History:
1Sp2017 c 1 art 1 s 38; 1Sp2019 c 6 art 13 s 3
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462D — First-time Home Buyer Savings Account Act › Section 462D.04 — Account Holder Responsibilities.

462D.04 ACCOUNT HOLDER RESPONSIBILITIES.
Subdivision 1.
Expenses; reporting.
The account holder must:
(1) not use funds in a first-time home buyer savings account to pay expenses of administering the account, except that a service fee may be deducted from the account by the financial institution in which the account is held; and
(2) submit to the commissioner, in the form and manner required by the commissioner:
(i) detailed information regarding the first-time home buyer savings account, including a list of transactions for the account during the taxable year and the Form 1099 issued by the financial institution for the account for the taxable year; and
(ii) upon withdrawal of funds from the account, a detailed account of the eligible costs for which the account funds were expended and a statement of the amount of funds remaining in the account, if any.
Subd. 2.
Transfers.
An account holder may withdraw funds, in whole or part, from a first-time home buyer savings account and deposit the funds in another first-time home buyer savings account held by a different financial institution or the same financial institution.
History:
1Sp2017 c 1 art 1 s 39
2023 Minnesota Statutes › Chapters 460 - 463 — Local Government Police Powers › Chapter 462D — First-time Home Buyer Savings Account Act › Section 462D.05 — Financial Institutions.

462D.05 FINANCIAL INSTITUTIONS.
(a) A financial institution is not required to take any action to ensure compliance with this chapter, including to:
(1) designate an account, designate qualified beneficiaries, or modify the financial institution's account contracts or systems in any way;
(2) track the use of money withdrawn from a first-time home buyer savings account;
(3) allocate funds in a first-time home buyer savings account among joint account holders or multiple qualified beneficiaries; or
(4) report any information to the commissioner or any other government that is not otherwise required by law.
(b) A financial institution is not responsible or liable for:
(1) determining or ensuring that an account satisfies the requirements of this chapter or that its funds are used for eligible costs; or
(2) reporting or remitting taxes or penalties related to the use of a first-time home buyer savings account.
History:
1Sp2017 c 1 art 1 s 40