Section 462A.36 — Nonprofit Housing Bonds; Authorization; Standing Appropriation.
462A.36 NONPROFIT HOUSING BONDS; AUTHORIZATION; STANDING APPROPRIATION. Subdivision 1. Definitions. (a) For purposes of this section the following terms have the meanings given them in this subdivision. (b) “Debt service” means the amount payable in any fiscal year of principal, premium, if any, and interest on nonprofit housing bonds and the fees, charges, and expenses […]
Section 462A.37 — Housing Infrastructure Bonds; Authorization; Standing Appropriation.
462A.37 HOUSING INFRASTRUCTURE BONDS; AUTHORIZATION; STANDING APPROPRIATION. Subdivision 1. Definitions. (a) For purposes of this section, the following terms have the meanings given. (b) “Abandoned property” has the meaning given in section 117.025, subdivision 5. (c) “Community land trust” means an entity that meets the requirements of section 462A.31, subdivisions 1 and 2. (d) “Debt […]
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 […]
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 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 […]
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 […]