Locally controlled housing fund establishment; allowable uses for housing infrastructure bonds modification; sale and issuance of state bonds authorization; appropriating money

Minnesota Senate File 3503 establishes a locally controlled housing fund to finance affordable housing projects. It modifies allowable uses for housing infrastructure bonds to include supportive housing for chronically homeless individuals (with priority for veterans), senior housing, manufactured home parks, and single-family housing affordable to households earning ≤50% of area median income. The bill requires new construction projects to include at least 5% accessible units with specific features like roll-in showers and sensory-accessible units. This legislation directly affects local housing agencies, developers of affordable housing, and low-to-moderate-income households seeking housing options.