Housing Finance and Policy Division Approves COVID-19 and Civil Unrest Rebuilding Measures

SAINT PAUL, MINNESOTA – Today., the Housing Policy and Finance Division chaired by Rep. Alice Hausman (DFL- St. Paul) held a remote hearing to approve housing proposals related to the COVID-19 pandemic and civil unrest in the aftermath of George Floyd’s death.

HF 9, authored by Rep. Hausman, extends certain private tax-exempt bonds for affordable housing.

“At a time when affordable housing is critically needed, this just provides a means for projects to move forward,” said Rep. Hausman. “This measure extends a timeline for bonds to fund affordable housing and it received a unanimous approval.”

HF 82, authored by Rep. Hodan Hassan (DFL-Minneapolis), assists residential and commercial tenants in areas of civil unrest to rebuild the community.

“Many of the damaged and destroyed buildings were black and brown-owned,” said Rep. Hassan. “These owners were caught in the middle of two pandemics – COVID-19 and civil unrest. Our vibrant communities will only survive and thrive if they rebuild with our help.”

A full agenda and supporting documents can be found on the committee’s webpage. Video of the hearing will be broadcast live on the House website.

A recording of the hearing will be available on House Public Information Services’ YouTube channel.