Minnesota housing tax credit contributions eligible recipients modification and credit allocations set-aside requirement provision

This bill modifies Minnesota's housing tax credit program to prioritize housing projects outside the metro area. It requires 50% of annual tax credits to be allocated specifically for projects in "Greater Minnesota" (outside the metro area), with unallocated funds from this set-aside becoming available for other projects starting October 1 each year. The bill also adds restrictions preventing individuals or businesses that contributed to the tax credit account (or their immediate family members) from receiving housing grants or loans. These changes aim to ensure tax credit benefits reach broader geographic areas and prevent conflicts of interest in funding allocation. The provisions take effect for taxable years beginning after December 31, 2026.