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Moments ago, the Minnesota House of Representatives voted 122-7 to send House File 1538 to the Governor. This bill is a long-time BATC priority and is a pillar of the Minnesota Homeownership Initiative. The bill provides common-sense changes aimed at increasing the available inventory of multi-family housing, which serve as an onramp to homeownership for many Minnesota families.
HF 1538 passed with bi-partisan support in both the House (122-7) and Senate (61-3) and will now head to the Governor, who must act on the bill in the coming days.
Thank you the bill’s authors, Representative Dennis Smith (R-Maple Grove) and Senator Kari Dziedzic (D-Minneapolis). To all who contacted their legislator in support of this initiative – THANK YOU!
HF 1538 presents several common-sense provisions which will restore confidence in Minnesota’s multi-family housing segment, which is substantially under-performing due to litigation risks for developers, designers, lenders, and insurers. This has impacted the most affordable home options and is damaging our housing market in cities across Minnesota. This is illustrated by the following:
Helps address the challenges facing multi-housing ownership opportunities by proposal several common-sense changes: