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S.F. No. 650 - Tofte Municipal Housing (First Engrossment)
 
Author: Senator Thomas M. Bakk
 
Prepared By: Alexis C. Stangl, Senate Counsel (651/296-4397)
 
Date: March 19, 2015



 

S.F. No. 650 allows the town of Tofte to own and operate housing projects for low-income, moderate-income, and individuals over 55 years of age and families. For these purposes, Tofte is given the powers of a Housing and Redevelopment Authority and municipal housing powers. Tofte may levy a tax to pay for the projects. The Cook County/Grand Marais Joint Economic Development Authority is not limited in exercising its power within Tofte. The bill is effective the day after local approval.

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