AI Generated Summary
Purpose of the Bill
The bill aims to establish a budget for the Minnesota Housing Finance Agency (MHFA) for fiscal years 2026 and 2027. It involves appropriating funds to various housing programs designed to support economic development, housing affordability, homelessness prevention, and homeownership in Minnesota.
Main Provisions
- Total Appropriation: The MHFA is allocated approximately $82,798,000 for each year, 2026 and 2027, from the general fund for the continuation of its housing programs.
- Challenge Program: Funds dedicated to economic development through housing projects, with a specific amount earmarked for housing projects for American Indians.
- Workforce Housing Development: Supports development in Greater Minnesota, including both rental units and owner-occupied homes.
- Manufactured Home Park Infrastructure Grants: Allocates funds for improvements within manufactured home communities.
- Workforce Homeownership Program: Provides support aimed at increasing homeownership among the workforce.
- Rent Assistance Program and Housing Trust Fund: Target assistance for low-income renters and ensure the sustainability of the housing trust fund.
- Homework Starts with Home: Focused on supporting homeless families or those at risk, ensuring they have stable housing conditions conducive to school success.
- Rental Assistance for the Mentally Ill: Provides housing support for individuals with mental illness, encouraging transitions to community-based settings.
- Family Homeless Prevention: Aims to reduce homelessness through strategic assistance programs and collaboration between grantees.
- Home Ownership Assistance Fund: Addressing the disparity gap in homeownership rates, focusing on gathering demographic data and improving minority homeownership.
- Affordable Rental Investment Fund: Supports acquisition and reform of existing affordable housing to retain low-income housing options.
- Owner-Occupied and Rental Housing Rehabilitation: Provides funds for improving housing conditions without imposing income restrictions.
- Homeownership Education and Capacity Building: Invests in educational programs to aid potential homeowners and bolster housing infrastructure.
Significant Changes
- The bill introduces and reinforces programs focused on special demographic groups, such as American Indians and individuals with mental health needs, while prioritizing racial and income equality in homeownership.
- It allows flexibility in appropriations, permitting the commissioner to adjust fund allocation in response to emerging high-priority housing needs.
Relevant Terms
appropriation, housing finance, challenge program, workforce housing, manufactured home, rent assistance, housing trust, homelessness prevention, homeownership, affordable rental, housing disparity, rehabilitation, educational programs, capacity building.
Past committee meetings
- Ways and Means on: April 22, 2025 12:30
- Ways and Means on: April 24, 2025 12:30
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 16, 2025 | House | Floor | Action | Introduction and first reading, referred to | Housing Finance and Policy |
| April 20, 2025 | House | Floor | Action | Committee report, to adopt as amended and re-refer to | Ways and Means |
| April 20, 2025 | House | Floor | Action | Committee report, to adopt as amended and re-refer to | Ways and Means |
| House | Floor | Action | See Senate file in House |
Citations
[
{
"analysis": {
"added": [
"Funds are made available specifically for housing projects for American Indians."
],
"removed": [
""
],
"summary": "This bill appropriates funds for the economic development and housing challenge program under section 462A.33.",
"modified": [
""
]
},
"citation": "462A.33",
"subdivision": ""
},
{
"analysis": {
"added": [
"Annual funding allocation designated for certain housing projects."
],
"removed": [
""
],
"summary": "This bill appropriates funds under section 462A.07 subdivision 14 for specific housing initiatives.",
"modified": [
""
]
},
"citation": "462A.07",
"subdivision": "subdivision 14"
},
{
"analysis": {
"added": [
"Properties funded may include owner-occupied homes."
],
"removed": [
""
],
"summary": "This bill involves funding for the Greater Minnesota workforce housing development program under section 462A.39.",
"modified": [
""
]
},
"citation": "462A.39",
"subdivision": ""
},
{
"analysis": {
"added": [
"Funding for maintenance and infrastructure improvements in manufactured home parks."
],
"removed": [
""
],
"summary": "This bill appropriates funds for manufactured home park infrastructure grants under section 462A.2035 subdivision 1b.",
"modified": [
""
]
},
"citation": "462A.2035",
"subdivision": "subdivision 1b"
},
{
"analysis": {
"added": [
"Funding increases and potential expansions of program scope."
],
"removed": [
""
],
"summary": "This appropriation is directed towards the workforce homeownership program under section 462A.38.",
"modified": [
""
]
},
"citation": "462A.38",
"subdivision": ""
},
{
"analysis": {
"added": [
"Focus on rent relief and assistance adjustments due to changing economic conditions."
],
"removed": [
""
],
"summary": "Appropriation for the rent assistance program under section 462A.2095.",
"modified": [
""
]
},
"citation": "462A.2095",
"subdivision": ""
},
{
"analysis": {
"added": [
"Includes deposit into the housing trust fund account as specified."
],
"removed": [
""
],
"summary": "Funds are appropriated to the housing trust fund under section 462A.201.",
"modified": [
""
]
},
"citation": "462A.201",
"subdivision": ""
},
{
"analysis": {
"added": [
"Priority on collaborative work between new and former grantees."
],
"removed": [
""
],
"summary": "Appropriations directed for the family homeless prevention and assistance program under section 462A.204.",
"modified": [
""
]
},
"citation": "462A.204",
"subdivision": ""
},
{
"analysis": {
"added": [
"Efforts aimed at reducing racial disparity in homeownership rates."
],
"removed": [
""
],
"summary": "Appropriation for home ownership assistance under section 462A.21 subdivision 8.",
"modified": [
""
]
},
"citation": "462A.21",
"subdivision": "subdivision 8"
},
{
"analysis": {
"added": [
"The bill includes financing opportunities for enhancing existing supportive housing."
],
"removed": [
""
],
"summary": "Appropriation adjustments to section 462A.05 subdivision 39 for acquisitions and rehabilitations.",
"modified": [
""
]
},
"citation": "462A.05",
"subdivision": "subdivision 39"
},
{
"analysis": {
"added": [
"Includes support for wide-ranging homeowner rehabilitation projects."
],
"removed": [
""
],
"summary": "This bill directs funds for the rehabilitation of owner-occupied housing under section 462A.05 subdivisions 14 and 14a.",
"modified": [
""
]
},
"citation": "462A.05",
"subdivision": "subdivisions 14 and 14a"
},
{
"analysis": {
"added": [
"The bill promotes educational initiatives for prospective homeowners."
],
"removed": [
""
],
"summary": "A fund appropriation for homeownership education, counseling, and training program under section 462A.209.",
"modified": [
""
]
},
"citation": "462A.209",
"subdivision": ""
},
{
"analysis": {
"added": [
"Boost efforts in community and housing development sectors."
],
"removed": [
""
],
"summary": "Funding for capacity building grants under section 462A.21 subdivision 3b.",
"modified": [
""
]
},
"citation": "462A.21",
"subdivision": "subdivision 3b"
}
]