Earlier this week, Housing First Minnesota hosted a virtual town hall to learn more about legislation passed during the 2023 legislative session. In what was regarded as one of the most challenging legislative sessions in recent memory, numerous bills were passed that have strong implications for the housing industry and the business community at large.
Speakers for this event included James Vagle, CEO of Housing First Minnesota; Kristen Ober, communication and industry content coordinator; Nick Erickson, senior director of housing policy; and Scott Blake and Steve Yoch, attornies with Felhaber Larson.
The event kicked off with a market update on conditions in both the existing and new construction markets. The overall activity in the housing market continues to slow as buyers and sellers come to terms with stubborn interest rates. Scarce inventory continues to plague the existing market and has led to an increase in interest in new construction.
Then, Housing First Minnesota staff and attorneys from Felhaber Larson walked through several of the laws passed during the recent legislative session that have implications for the housing industry. These items included provisions relating to wage liability, a ban on new non-compete agreements, and marijuana legalization.
Miss this event and wondering how these laws could impact you and your business? Housing First Minnesota partnered with industry legal experts to create helpful compliance tips for these new laws available exclusively for members.