Mandate Details

Description:	Report on senior renters residing in properties financed by tax credits under Section 42 of the Internal Revenue Code, and Section 42 properties, including, for the last 10 years: (1) estimated number of Section 42 properties in which a majority of units are occupied by senior households; (2) estimated number of senior households living in Section 42 properties and the estimated number of senior households living in Section 42 properties that are cost-burdened; (3) amount of public resources allocated or awarded to construct Section 42 properties in which a majority of units are occupied by senior households; (4) annual percentage changes in area median income, Social Security cost-of-living adjustments, and inflation; and (5) number of times rents were increased to the maximum allowable under HUD guidelines in Section 42 properties in which a majority of units occupied by senior households.
Law:	2024 Minn. Laws Chap. 127 Art. 15 Sec. 50(a)
Agency(ies)/Supplier(s):	Minn. Housing Finance Agency
Due Date:	01/15/2025
Frequency:	One time
Subjects:	Elderly Housing & Real Estate

Title	Publisher(s)	Publication Date	Coverage	Date Received	Report Link
Report on Low-Income Housing Tax Credit Households Age 55 and Over	Minn. Housing Finance Agency	January 15, 2025		01/16/2025	25-0168.pdf