Legislative Session Update Week of May 4-8

By MNR News posted 05-11-2020 09:14


image of horses on capitol rotundaThe projected state budget forecast shows $2.4 billion shortfall. Plus updates to the short-term rental property tax provision, and the House passes "COVID-19 Economic Security Act".

One of the articles in the “COVID-19 Economic Security Act” addresses housing and provides $100M to be distributed in the form of grants through the Family Homeless Prevention and Assistance Program (within the Minnesota Housing Finance Agency), to qualified, lower income, applicants to pay rent, mortgage payments, homeowner’s insurance, property taxes, and related obligations. These housing assistance grants would go straight to landlords, mortgage debt servicers, utility companies, or any other related business or organization owed payment.

Click here to access the full Legislative Session Update.