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Appropriation would seed revolving fund to rehab tax‑forfeited homes in Arrowhead region
Summary
A $2 million one‑time appropriation for the Arrowhead Economic Opportunity Agency would create a revolving rehabilitation fund to acquire, repair and resell tax‑forfeited homes as workforce housing in northeastern Minnesota; the committee adopted an affordability definition amendment and laid the bill over.
A proposal to create a revolving fund for workforce housing rehabilitation in northeastern Minnesota drew testimony from county and local nonprofit officials about tax‑forfeited properties, blight prevention and the potential to convert stranded properties into affordable homes.
Senate File 8‑59, carried by Senator Sarah Farnsworth, would provide a one‑time $2 million appropriation to the Arrowhead Economic Opportunity Agency (AEOA) to acquire tax‑forfeited homes, rehabilitate them and resell them to eligible buyers. Testimony explained the model: proceeds from sales would replenish the revolving…
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