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 […]
Section 462C.12 — Minneapolis/st. Paul Housing Finance Board; Powers; Jurisdiction.
462C.12 MINNEAPOLIS/ST. PAUL HOUSING FINANCE BOARD; POWERS; JURISDICTION. Subdivision 1. Establishment of housing board ratified. The establishment of the Minneapolis/St. Paul Housing Finance Board in accordance with a joint powers agreement entered into between the Minneapolis Community Development Agency and the Housing and Redevelopment Authority of the city of St. Paul, and accepted by the […]
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
Section 462C.14 — Housing Program And Developmental Financial Services.
462C.14 HOUSING PROGRAM AND DEVELOPMENTAL FINANCIAL SERVICES. Subdivision 1. Authorization to provide services. A city, as defined in section 462C.02, subdivision 6, may provide housing program and development financial services, including mortgage banking services, for housing financed or assisted under a housing program of the city. The services provided by the city may include all […]
Section 462C.16 — Housing Trust Funds For Local Housing Development.
462C.16 HOUSING TRUST FUNDS FOR LOCAL HOUSING DEVELOPMENT. Subdivision 1. Definitions. (a) For the purposes of this section, the following terms have the meanings given to them. (b) “Commissioner” means the commissioner of the Minnesota Housing Finance Agency. (c) “Fund” means a local housing trust fund or a regional housing trust fund. (d) “Local government” […]
Section 462D.01 — Citation.
462D.01 CITATION. This chapter may be cited as the “First-Time Home Buyer Savings Account Act.” History: 1Sp2017 c 1 art 1 s 36
Section 462D.02 — Definitions.
462D.02 DEFINITIONS. Subdivision 1. Definitions. For purposes of this chapter, the following terms have the meanings given. Subd. 2. Account holder. “Account holder” means an individual who establishes, individually or jointly with one or more other individuals, a first-time home buyer savings account. Subd. 3. Allowable closing costs. “Allowable closing costs” means a disbursement listed […]
Section 462A.31 — Community Land Trusts.
462A.31 COMMUNITY LAND TRUSTS. Subdivision 1. Purposes. A community land trust must have as one of its purposes the holding of land and the leasing of land for the purpose of preserving the affordability of housing on that land for persons and families of low and moderate income. Subd. 2. Powers. A community land trust […]
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 […]
Section 462A.33 — Economic Development And Housing Challenge Program.
462A.33 ECONOMIC DEVELOPMENT AND HOUSING CHALLENGE PROGRAM. Subdivision 1. Created. (a) The economic development and housing challenge program is created to be administered by the agency. Notwithstanding section 462A.24, this section shall be construed based on the specific language within this section and within an appropriation pursuant to this section. (b) The program shall provide […]