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 […]
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 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, […]