2006 Minnesota Statutes

469.026 EXISTING BUILDINGS; ACQUISITION, REPAIR.
An authority may purchase, lease, or otherwise acquire existing buildings for rehabilitation
into low-rent housing. The provisions of sections 469.001 to 469.047 relating to other low-rent
housing projects shall apply to the projects. Before proceeding with the project, an authority
shall make an analysis demonstrating:
(1) the buildings to be acquired or leased shall be in such condition that it is feasible to
remodel, repair, or reconstruct them and that the buildings, when rehabilitated, will provide
decent, safe, and sanitary housing;
(2) the rehabilitation of the buildings comprising the project will prevent or arrest the spread
of blight so as to protect the neighborhood in which the buildings are located; and
(3) the rehabilitated buildings will provide low-rent housing, will help to conserve the
existing housing supply, and will otherwise accomplish the purposes of sections 469.001 to
469.047.
Nothing in this section shall limit the powers of an authority with respect to a redevelopment
project.
History: 1987 c 291 s 26