Tax increment financing; five- and six-year rules for certain districts extended, and income restrictions removed for certain housing districts.

This bill extends the time limits for spending tax increment financing (TIF) funds in certain housing districts and removes income restrictions for qualifying projects. It specifically modifies Minnesota Statutes to eliminate income-based eligibility requirements for housing districts in metropolitan counties and adjusts the timeframe for using TIF revenues. For housing districts certified after June 30, 2025, the bill extends the standard five-year spending window to eight or ten years depending on district type, easing constraints on developers. These changes primarily affect housing developers and local governments managing TIF districts for affordable housing projects.