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Committee lays over bill to authorize $400 million in Housing Infrastructure Bonds
Summary
House File 11-41 would authorize $400 million in housing infrastructure bonds (HIBs) to support preservation and new construction of affordable housing; committee members acknowledged the program’s leverage but questioned timing given a large state budget deficit.
Chair Howard presented House File 11‑41, a proposal to authorize $400 million in Housing Infrastructure Bonds (HIBs) intended to finance new construction and preservation of affordable housing across Minnesota.
Nut graf: Supporters, including nonprofit developers and housing organizations, said housing infrastructure bonds are an effective lever to attract additional private and federal investments and to produce…
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