HF1159 — Eligible uses of increment from tax increment financing districts expanded to include transfers to local housing trust funds, and requirements on use of transferred increment imposed.

HF1159 — Eligible uses of increment from tax increment financing districts expanded to include transfers to local housing trust funds, and requirements on use of transferred increment imposed. · Informed CitizenryHF 1159 amends Minnesota Statutes to expand the eligible uses of tax increment financing (TIF) funds. Specifically, it allows TIF districts to transfer funds to local housing trust funds. The bill…Open in Informed Citizenry