Class 4d(1) low-income rental property aid made permanent, and money appropriated.

This bill makes Minnesota's temporary aid program for cities with qualifying low-income rental properties permanent. It requires annual funding from the general fund to pay cities based on a formula comparing their tax capacity for these properties in 2023 versus prior years. The aid amount is calculated using the city's 2024 tax rate multiplied by a "modified tax capacity" figure. The program will apply to aid payments starting in 2027.