Exceptions permission to income limits of the Minnesota housing tax credit contribution account grant and loan program for certain workforce housing projects

SF 1906 modifies Minnesota's housing tax credit program to allow exceptions to income limits for qualifying workforce housing projects. It directly affects developers and housing organizations seeking funding through the Minnesota Housing Tax Credit Contribution Account program, particularly for projects targeting workforce housing. The bill creates an exception to standard income limits (as defined in section 462A.33, subdivision 5) for projects meeting specific criteria under section 462A.39, subdivision 4, paragraph (a). Additionally, it allows contributions to the housing tax credit account to count toward matching requirements for these projects, providing more flexibility in funding structures.