Minn. Stat. § 504B § 504B.451
RECEIVERSHIP REVOLVING LOAN FUND.
Operative Text
The Minnesota Housing Finance Agency may establish a revolving loan fund to pay the administrative expenses of receivership administrators under section 504B.445 for properties for occupancy by low- and moderate-income persons or families. Landlords must repay administrative expense payments made from the fund.
Minn. Stat. § 504B.451 establishes a mechanism by which the Minnesota Housing Finance Agency may create a revolving loan fund to cover the administrative costs of court-appointed receivership administrators managing low- and moderate-income rental properties. The fund acts as a financial backstop during receivership proceedings, ensuring administrators can be paid even when property finances are strained. Any money drawn from the fund to cover those expenses must ultimately be repaid by the landlord whose property is in receivership.
Plain English — not legal advice.
Under Minn. Stat. § 504B.451, if a property you own is placed into receivership under § 504B.445 and administrative expenses are covered by the Minnesota Housing Finance Agency's revolving loan fund, you are obligated to repay those amounts. Compliant operators generally maintain records of any fund disbursements tied to their property and account for repayment obligations in their financial planning. Awareness of this repayment requirement is especially important for owners of housing designated for low- and moderate-income occupants.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Minn. Stat. § 504B.451 supports the receivership process that can be used to address seriously substandard rental housing, particularly properties serving low- and moderate-income residents. By helping ensure that receivership administrators are funded, this provision helps keep the receivership process viable as a tool for improving housing conditions. Tenants living in properties that may be subject to receivership under § 504B.445 can learn more about their rights and available remedies through local tenant-rights organizations or legal aid services.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 15, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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