Committee advances $200 million housing‑infrastructure bond authorization to move shovel‑ready projects
The Senate Housing Committee voted to recommend SF 38-39, authorizing up to $200 million in Housing Infrastructure Bonds (HIBs); sponsors and nonprofit developers said HIBs are flexible tools that can unlock thousands of affordable units and preserve existing stock.
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The Senate Housing Committee voted to advance a bill authorizing up to $200 million in Housing Infrastructure Bonds (SF 38-39), with supporters saying the funding will allow Minnesota to move hundreds of shovel‑ready affordable housing projects toward construction.
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