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Minnesota Housing gives progress report on housing infrastructure bonds as committee hears housing bills
Summary
Minnesota Housing Commissioner Jennifer Ho told the Capital Investment Committee that housing infrastructure bonds (HIBs) have funded nearly 10,000 housing units since 2012 and leveraged roughly $1.8 billion in total development costs, while demand continues to far outstrip funding.
Minnesota Housing Commissioner Jennifer Ho told the House Capital Investment Committee on March 25 that housing infrastructure bonds have been the largest state capital source for affordable housing development and preservation in Minnesota and have a strong leverage effect with federal and private resources.
Ho, who spoke at the start of the committee's housing-themed hearing, said the state's investments between 2012 and 2024 impacted almost 10,000 units and represented about $800 million in state commitments leveraged into $1.8 billion of total development costs. "Housing infrastructure bonds are a unique Minnesota innovation and something that's the envy of my colleagues across the country," she said.
Ho…
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