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.
HF 1067 modifies Minnesota's housing tax credit program to allow exceptions to income limits for specific workforce housing projects and adjusts matching requirements for the workforce housing development program. The bill amends statutes to permit higher-income projects (above standard limits) to qualify for tax credit grants and loans, while also revising the 1:2 local matching requirement to allow project-specific tax credit contributions to count toward the match. This primarily affects developers of workforce housing projects seeking state funding under the Minnesota Housing Finance Agency's programs. The changes aim to increase housing options for working residents by expanding eligibility and simplifying funding requirements.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 17, 2025
Last action Feb 20, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
1
Committee
1
Feb 20, 2025
Lower · Passed
Committee report, to adopt and re-refer to Taxes
lower
Feb 17, 2025
Introduced
Introduction and first reading, referred to Housing Finance and Policy
lower
1 primary · 1 co-sponsor
Sponsors
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