- Created: Wednesday, 29 June 2016 17:00
- Written by Carolyn Szczepanski
At Minnesota Housing’s June board meeting, Commissioner Mary Tingerthal and agency staff discussed the tax exempt bonding authority, trends in the housing market, and updated the board on Agency news.
The meeting began with a discussion on local jurisdictions requesting a portion of the Agency’s tax exempt bond authority. For the first time in 10 years, there is not enough authority in the state-wide pool which opens an opportunity for the agency to review its unit cost containment policy. The meeting’s discussion then moved to recent trends concerning the loss of lower-rent affordable housing and the status of a special legislative session. Lastly, Commissioner Tingerthal updated the board on Moody’s recent ranking of the agency, summer research projects, changes to the down payment loan assistance program, and a brief report on the agency’s administrative budget.