A bill for an act
relating to state government; establishing a budget for the Minnesota Housing
Finance Agency; providing for childhood housing stability; establishing a
community stabilization program; establishing a supportive housing program;
establishing a first-generation homebuyers down payment assistance fund;
appropriating money; amending Minnesota Statutes 2022, sections 462A.201,
subdivision 2; 462A.204, subdivision 8; 462A.21, subdivision 3b; proposing coding
for new law in Minnesota Statutes, chapter 462A.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin APPROPRIATIONS.
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The sums shown in the columns marked "Appropriations" are appropriated to the agency
for the purposes specified in this article. The appropriations are from the general fund, or
another named fund, and are available for the fiscal years indicated for each purpose. The
figures "2024" and "2025" used in this article mean that the appropriations listed under them
are available for the fiscal year ending June 30, 2024, or June 30, 2025, respectively. "The
first year" is fiscal year 2024. "The second year" is fiscal year 2025. "The biennium" is
fiscal years 2024 and 2025.
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APPROPRIATIONS new text end |
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Available for the Year new text end |
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Ending June 30 new text end |
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2024 new text end |
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2025 new text end |
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Sec. 2. new text begin HOUSING FINANCE AGENCY
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new text begin Subdivision 1. new text end
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Total Appropriation
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$ new text end |
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471,048,000 new text end |
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$ new text end |
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371,048,000 new text end |
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(a) The amounts that may be spent for each
purpose are specified in the following
subdivisions.
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(b) Unless otherwise specified, this
appropriation is for transfer to the housing
development fund for the programs specified
in this section. Except as otherwise indicated,
this transfer is part of the agency's permanent
budget base.
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new text begin Subd. 2. new text end
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Challenge Program
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62,925,000 new text end |
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62,925,000 new text end |
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(a) This appropriation is for the economic
development and housing challenge program
under Minnesota Statutes, section 462A.33
and 462A.07, subdivision 14.
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(b) Of this amount, $6,292,500 each year shall
be made available during the first 11 months
of the fiscal year exclusively for housing
projects for American Indians. Any funds not
committed to housing projects for American
Indians within the annual consolidated request
for funding processes may be available for
any eligible activity under Minnesota Statutes,
sections 462A.33 and 462A.07, subdivision
14.
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(c) The base for this program in fiscal year
2026 and beyond is $12,925,000.
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new text begin Subd. 3. new text end
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Workforce Housing Development
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22,000,000 new text end |
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22,000,000 new text end |
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(a) This appropriation is for the Greater
Minnesota workforce housing development
program under Minnesota Statutes, section
462A.39. If requested by the applicant and
approved by the agency, funded properties
may include a portion of income and rent
restricted units. Funded properties may include
owner-occupied homes.
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(b) The base for this program in fiscal year
2026 and beyond is $2,000,000.
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new text begin Subd. 4. new text end
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Manufactured Home Park
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13,500,000 new text end |
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13,500,000 new text end |
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(a) This appropriation is for manufactured
home park infrastructure grants under
Minnesota Statutes, section 462A.2035,
subdivision 1b.
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(b) The base for this program in fiscal year
2026 and beyond is $1,000,000.
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new text begin Subd. 5. new text end
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Workforce Homeownership Program
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17,750,000 new text end |
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17,750,000 new text end |
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(a) This appropriation is for the workforce
homeownership program under Minnesota
Statutes, section 462A.38.
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(b) The base for this program in fiscal year
2026 and beyond is $250,000.
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new text begin Subd. 6. new text end
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Housing Trust Fund
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16,646,000 new text end |
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16,646,000 new text end |
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This appropriation is for deposit in the housing
trust fund account created under Minnesota