- Created: Monday, 05 February 2018 09:36
- Written by Carolyn Szczepanski
At its January meeting, the board of the Minnesota Housing Finance Agency (Minnesota Housing) discussed the allocation of 2018 funds for the Minnesota City Participation Program, potential changes to the 2020 Tax Credit Program Qualified Allocation Plan (QAP), highlights from the recently released Key Trends in Housing, work plan priorities for the coming year and the progress of the Governor's Task Force on Housing.
In her opening remarks, Commissioner Mary Tingerthal shared that the Governor had released his public works proposal, which includes $100 million for Housing Infrastructure Bonds and $15 million for General Obligation Bonds. The most ever requested for housing by the Governor, Tingerthal said it was a good place to start and that Minnesota Housing will be carrying that strong recommendation into the session. (The Homes for All coalition is asking for $140 million in HIB and GO bonds this session; read the full agenda here.)
Tingerthal also noted one policy item in the Governor’s package: a change to the Manufactured Home Trust Fund, which levies an assessment on owners of manufactured home parks of $15 per lot per year that goes into a trust fund that is then available for relocation costs for low-income households that have to move when parks are closed. Previously, that fund was capped at $1 million, but, with two parks’ closing nearly wiping out the whole fund, the proposal is to increase the cap to $3 million.