It would authorize the sale of up to $100 million in housing infrastructure bonds, which bill sponsor Rep. Michael Howard (DFL-Richfield) calls the bread-and-butter tool for building more homes and more affordable homes.
None of the supplemental appropriations would come from the state’s General Fund; instead, the measure relies in part on investment income earned by Minnesota Housing.
Howard said enhanced reporting requirements included in the bill would provide lawmakers a clearer line of sight on future budgets.
The bill would also provide $150,000 each for a home-share pilot program and homeowner education program. Read more
