Section 462A.38 — Workforce And Affordable Homeownership Development Program.
462A.38 WORKFORCE AND AFFORDABLE HOMEOWNERSHIP DEVELOPMENT PROGRAM. Subdivision 1. Establishment. A workforce and affordable homeownership development program is established to award homeownership development grants to cities, tribal governments, nonprofit organizations, cooperatives created under chapter 308A or 308B, and community land trusts created for the purposes outlined in section 462A.31, subdivision 1, for development of workforce […]
Section 462A.39 — Workforce Housing Development Program.
462A.39 WORKFORCE HOUSING DEVELOPMENT PROGRAM. Subdivision 1. Establishment. The commissioner of Minnesota housing finance shall establish a workforce housing development program to award grants or deferred loans to eligible project areas to be used for qualified expenditures. Grants or deferred loans authorized under this section may be made without limitations relating to the maximum incomes […]
Section 462A.40 — Minnesota Housing Tax Credit Contribution Account.
462A.40 MINNESOTA HOUSING TAX CREDIT CONTRIBUTION ACCOUNT. Subdivision 1. Account created. The Minnesota housing tax credit contribution account is created in the housing development fund in the state treasury. The account is administered by the Minnesota Housing Finance Agency. Amounts contributed to the account are appropriated to the agency. The agency may use the amounts […]
Section 462A.20 — Housing Development Fund; Creation, Sources.
462A.20 HOUSING DEVELOPMENT FUND; CREATION, SOURCES. Subdivision 1. Creation; revolving. There is created and established under the jurisdiction and control of the agency a revolving fund to be known as the “housing development fund.” Subd. 2. Which money in fund. There shall be paid into the housing development fund: (1) any moneys appropriated and made […]
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; […]
Section 462A.201 — Housing Trust Fund Account.
462A.201 HOUSING TRUST FUND ACCOUNT. Subdivision 1. Creation. (a) The housing trust fund account is created as a separate account in the housing development fund. (b) The housing trust fund account consists of: (1) money appropriated and transferred from other state funds; (2) interest accrued from real estate trust accounts as provided under section 82.75, […]
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
Section 462A.202 — Local Government Unit Housing Account.
462A.202 LOCAL GOVERNMENT UNIT HOUSING ACCOUNT. Subdivision 1. Account. The local government unit housing account is established as a separate account in the housing development fund. Money in the account is appropriated to the agency for loans to cities for the purposes specified in this section. The agency must take steps to ensure distribution of […]
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 […]
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 […]