Housing infrastructure bonds issue authorization to finance a grant to the Minneapolis Public Housing for the Glendale Townhomes redevelopment project

This bill authorizes the issuance of up to $7 million in housing infrastructure bonds to fund a grant for the redevelopment of the Glendale Townhomes in Minneapolis. The funds are designated specifically for the Minneapolis Public Housing Authority or its related entities to carry out this project. Additionally, the legislation amends state statutes to establish annual funding mechanisms that transfer money from the state's general fund to a specific bond account to support debt service on these housing bonds over several decades.