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Bill to authorize $400 million in housing infrastructure bonds introduced to Capital Investment Committee
Summary
Representative Howard introduced House File 1141, proposing $400 million in housing infrastructure bonds statewide; nonprofit developers and advocates testified in favor of increased HIB authorizations.
Representative Howard introduced House File 1141 on March 25, a bill that would authorize $400 million in housing infrastructure bonds to fund affordable housing projects across Minnesota.
Howard told the Capital Investment Committee the proposal would deploy the state’s primary tool for financing affordable housing — housing infrastructure bonds — to build rental and homeownership options…
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