- Created: Friday, 05 May 2017 10:56
This week, the Minnesota House released an $600 million bonding bill that includes only $10 million general obligation bonds for public housing and no new Housing Infrastructure bonds. On Wednesday, nearly 70 people attended the House Capital Investment Committee hearing to testify against the bill.
Chad Olson (pictured right) was one of them. As a co-owner of Frerichs Construction Company in St. Paul, Olson directly employs more than 90 people — and subcontracts many more. As he told lawmakers, Housing Infrastructure Bonds are a critical resource in building and rehabilitating multi-family housing, providing work for his employees and changing the lives of families stuck in aging units in need of rehab.
Here's what he said.