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HF 1067

Exceptions to income limits of the Minnesota housing tax credit contribution account grant and loan program for certain workforce housing projects granted, and matching requirements of the workforce housing development program modified.

2025-2026 Regular Session Introduced by Jeff Dotseth and 1 co-sponsor

The bill would expand access to state housing funding by relaxing income limits for certain workforce housing projects and by adjusting the matching requirements for the Workforce

Committee report, to adopt and re-refer to Taxes
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Bill Summary · HF 1067

Summary of HF 1067 (Minnesota)

Overview

HF 1067 is a housing finance bill introduced on February 17, 2025, and currently at the committee stage. The bill is targeted at adjusting two MHFA (Minnesota Housing Finance Agency) programs:
- Exempting certain workforce housing projects from standard income limits for the Minnesota housing tax credit contribution account grant and loan program.
- Modifying the matching requirements of the Workforce Housing Development Program.

The bill has a companion measure in the Senate, SF 1906. The committee report on February 20, 2025 indicates a path to adopt the bill and re-refer it to the Taxes committee.

Purpose and Intent

  • To enhance support for workforce housing by altering eligibility and funding mechanisms.
  • Specifically, to create exceptions to income limits that currently govern grant and loan awards under the Minnesota housing tax credit contribution account for targeted workforce housing projects.
  • To recalibrate the financial participation requirements (matching) associated with the Workforce Housing Development Program, potentially broadening participation or aligning requirements with policy goals.

Key Provisions (as indicated by the bill title)

  • Exceptions to income limits: Some workforce housing projects would be eligible for the Minnesota housing tax credit contribution account grant and loan program even if they fall outside existing income-limit criteria.
  • Matching requirements: The Workforce Housing Development Program would have its matching requirements modified, which could affect how much private or alternative funding must accompany state support.

Note: The exact numerical changes (e.g., specific income thresholds, what counts as “matching,” and any phase-in or sunset provisions) are not provided in the summary and would be detailed in the bill text.

Who is Affected

  • Minnesota Housing Finance Agency (MHFA): Responsible for administering the affected programs; changes would alter program administration and policy.
  • Workforce housing developers and sponsors: Entities seeking grants/loans under the tax credit contribution account and participants in the Workforce Housing Development Program would see changes in eligibility and funding requirements.
  • Prospective residents/workers in workforce housing projects: Potential beneficiaries may gain access to more projects or more favorable financing terms.

Procedural Timeline and Status

  • Introduced: February 17, 2025.
  • First reading and referral: February 17, 2025 to Housing Finance and Policy.
  • Committee action: February 20, 2025, “Committee report, to adopt and re-refer to Taxes.”
  • Next steps: Re-refer to the Taxes committee; potential further floor action in the House. The companion bill is SF 1906 in the Senate.

Relationship to Related Legislation

  • SF 1906 is the Senate companion to HF 1067. Tracking both bills will provide a fuller view of potential Senate passage and any differences in approach or timing.

Potential Impact (high-level)

  • Could broaden eligibility for state-assisted housing funding by relaxing income limits for certain workforce projects.
  • Could change private/public funding dynamics in workforce housing through revised matching requirements.
  • May influence the pace and scale of workforce housing development if projects qualify more readily for grants/loans or if match expectations shift.

For readers seeking specifics (exact income-limit exceptions, matching ratios, caps, timelines, and implementation details), reviewing the full text of HF 1067 and any fiscal notes or committee amendments will be necessary.

Compiled from official sources — confirm details with the bill’s official record.

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