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New tax credit aims to transform vacant buildings into housing

June 01, 2024 | Minneapolis City, Hennepin County, Minnesota



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

New tax credit aims to transform vacant buildings into housing
In a recent government meeting, key discussions centered around several legislative initiatives aimed at addressing urban challenges and enhancing public safety in Minnesota.

One significant topic was the proposed converting underutilized buildings tax credit, which aims to transform vacant commercial spaces into housing or other productive uses. The Senate Tax Committee held a hearing on this proposal, highlighting the growing recognition of the need to repurpose vacant buildings to bolster the tax base across cities, not just in Minneapolis. Stakeholders expressed interest in refining the proposal ahead of the next legislative session.

Another critical area of focus was funding allocations for shelters to support the unhoused community. Council Member Wansley emphasized the urgency of championing resources for this demographic, indicating that further details would be provided later in the meeting.

The meeting also covered transportation initiatives, including a new traffic safety camera pilot program authorized for Minneapolis and Mendota Heights. This four-year pilot aims to enhance road safety, particularly in work zones. Additionally, a provision allowing cities to create pedestrian malls was discussed, with a tiered authority system based on city population size.

Public safety was a prominent theme, with a new omnibus bill allocating $9.5 million for crime victim services grants and establishing a task force to explore alternatives to traffic stops for vehicle registration enforcement. Notably, the bill bans the use of the \"gay panic\" defense in court, a significant step towards protecting LGBTQ+ rights.

The meeting concluded with discussions on cannabis legislation, reflecting ongoing adjustments to the state's approach to cannabis legalization.

Overall, the meeting underscored a commitment to addressing urban development, public safety, and social equity through collaborative legislative efforts. Stakeholders are expected to continue discussions and refine proposals as they prepare for the next session.

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