Purpose of the Bill

The bill is designed to support workforce housing development in Minnesota by allocating funds specifically for this purpose.

Main Provisions

• The bill allocates $20 million from the state's general fund to the housing development fund.
• This transfer of funds is designated for fiscal year 2026.
• The funds are appropriated to the commissioner of the Housing Finance Agency.
• The purpose of this fund allocation is to support the workforce housing development program.

Significant Changes

• The bill represents a one-time financial commitment from the state to enhance the workforce housing development program, rather than establishing an ongoing funding mechanism.

Relevant Terms

workforce housing, housing development fund, appropriation, fiscal year 2026, Housing Finance Agency