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<br /> <br />Offices in 470 U.S. Bank Plaza <br /> <br /> <br />200 South Sixth Street <br />Kennedy <br />Minneapolis <br />Minneapolis MN 55402 <br /> <br /> <br /> <br />& <br /> <br />(612) 337-9300 telephone <br />Saint Paul <br /> <br />(612) 337-9310 fax <br /> <br />Graven <br />www.kennedy-graven.com <br />St. Cloud <br />Affirmative Action Equal Opportunity Employer <br />CHARTERED <br /> <br /> <br /> <br /> <br /> <br />MEMORANDUM <br /> <br /> <br />TO: Elk River HRA Chair and Commissioners <br />FROM: Jenny Boulton <br />DATE: January 8, 2018 <br />RE: Housing and Redevelopment Authority Legislative Update <br /> <br /> <br />The HRA has historically received an annual update of legislative changes to the Municipal <br />Housing and Redevelopment Act, Minnesota Statutes, Sections 469.001 to 469.047 and other <br />legislative changes that are relevant to the HRA. Legislative changes enacted in 2017 pertinent to <br />the HRA are outlined below. <br /> <br /> There was only one change to the Housing and Redevelopment Act. <br /> <br />o Housing and Redevelopment Authority GO Bonds. The omnibus tax bill (First <br />Special Session, Chapter 1 (HF 1/no SF) modifies Minnesota Statutes, Section <br />469.034, subdivision 2 to increase the maximum limit on general obligation bonds <br />allowed to be issued by housing and redevelopment authorities from $3,000,000 to <br />$5,000,000. Effective July 1, 2017. <br /> <br /> Housing and redevelopment appropriations. The omnibus jobs and economic growth bill <br />(Chapter 94, HF 1620/SF 1456) appropriates $12,925,000 to the Minnesota Housing <br />Finance Agency (MHFA) for its Economic Development and Housing Challenge Program. <br /> Manufactured Homes Park Redevelopment Program. The omnibus jobs and economic <br />growth bill (Chapter 94, HF 1620/SF 1456) amends the existing manufactured home park <br />redevelopment program to include nonprofits and cooperatives as eligible recipients for <br />grants and loans from MHFA. It also modifies the program for individual assistance grant <br />usage, and adds a new park infrastructure grant program for improvements in manufactured <br />home parks and infrastructure, including storm shelters and community facilities. MHFA <br />must attempt to make grants and loans in approximately equal amounts to applicants outside <br />and within the metropolitan area and to be provided in a manner consistent with Minnesota <br />Statutes, Section 462A.02, subdivision 2. It adds a provision requiring recipients receiving a <br />grant to provide from year to year, on a cumulative basis, for adequate reserve funds to <br />cover the repair and replacement of the private infrastructure systems serving the <br />514669v1 JSB EL185-13 <br />