Local affordable housing aid; eligible uses of aid expanded, and deadline to spend aid on certain eligible uses modified.

This bill expands how Minnesota cities and counties can use local affordable housing aid by adding emergency rental assistance and support for financially distressed properties to the list of eligible projects. It also updates the timeline for spending these funds, requiring that aid be committed to projects within three years and fully spent within four years, with a specific exception allowing more time for construction and shelter facility projects. Additionally, the legislation mandates that new multi-unit buildings funded by this aid include a minimum percentage of accessible and sensory-accessible units to better serve people with disabilities. These changes apply to aid payments made in calendar year 2027 and later, aiming to provide greater flexibility and broader coverage for local housing initiatives.