This bill proposes an appropriation of $45,000,000 from the general fund for the fiscal year 2024 to support the Minneapolis Public Housing Authority. The funds are designated for a grant aimed at rehabilitating, preserving, equipping, and repairing deeply affordable family housing units in Minneapolis. The grant will also extend to affiliated entities, including the nonprofit corporation Community Housing Resources, which is wholly controlled by the authority.

The legislation emphasizes the importance of maintaining affordable housing options for families in Minneapolis, addressing the need for significant investment in the rehabilitation of these units. By providing this funding, the bill seeks to enhance the living conditions of residents and ensure the sustainability of affordable housing in the community.