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<br /> <br /> Developer Challenge: Article 3, section 1 of Chapter 214 amends Minnesota Statutes, <br />Section 462A.222 to provide a residential rental housing project developer who has received <br />an allocation of tax-exempt multifamily housing revenue bonds standing to challenge <br />MHFA’s qualified allocation plan. Effective July 1, 2018. <br /> <br /> New Uses for Housing Infrastructure Bonds: Article 2, section 17 of Chapter 214 <br />broadens Minnesota Statutes, Section 462A.37, subdivision 2 to authorize MHFA to issue <br />housing infrastructure bonds for new uses including: <br /> <br />o Affordable housing for seniors age 55 and older with annual incomes not greater <br />than 50% of the metropolitan median income for persons in the metropolitan area or <br />50% of the statewide median for persons outside the metropolitan area. 80% of units <br />must be occupied by at least one senior per unit. Senior projects serving households <br />at 30% of the metropolitan median will be given a priority. <br />o Manufactured home park improvements and infrastructure for land leased by low- <br />and moderate-income manufactured home owners. <br />o The above uses are in addition to current uses which include preservation of <br />federally subsidized rental housing, permanent supportive housing for persons or <br />families experiencing or at risk of homelessness, and land acquisition by community <br />land trusts for single family homes for homeownership. Effective May 31, 2018. <br /> <br />2 <br />550914v2 GAF EL185-13 <br />