Purpose of the Bill

The bill aims to provide financial support to CAPI USA for homeownership education and financial counseling. This initiative is designed to assist potential homeowners in Minnesota, particularly those needing guidance on purchasing and managing a home.

Main Provisions

• Funding Allocation: The bill proposes a one-time transfer of $200,000 in both fiscal years 2026 and 2027 from Minnesota's general fund to the housing development fund.
• Grant to CAPI USA: An appropriation of the same amount ($200,000 per fiscal year) from the housing development fund is directed to the Housing Finance Agency. This money is intended as a grant for CAPI USA to administer homeownership education and financial counseling programs.

Significant Changes

• This is a specific allocation of state funds for a targeted purpose and does not alter broad existing housing legislation. The bill introduces a one-time financial mechanism supporting a specific program.

Relevant Terms

housing development fund, homeownership education, financial counseling, grant, CAPI USA, Housing Finance Agency, Minnesota legislature.