The bill appropriates $30,000,000 from the general fund for fiscal year 2025 to the commissioner of the Minnesota Housing Finance Agency, specifically for a grant to the Minneapolis Foundation to support the GroundBreak Coalition. Before the grant is awarded, the commissioner must verify that the GroundBreak Coalition has secured an equal amount in matching funds. The funds from the grant are designated for various housing assistance programs, including down payment assistance loans, home preservation loans, and capacity-building grants. Additionally, any repayments on loans must be reinvested into the program.

The Minneapolis Foundation, along with its GroundBreak partners, is tasked with establishing the criteria and procedures for determining eligibility, evaluating funding applications, and administering the program. These criteria and procedures must be submitted to the commissioner for feedback prior to implementation. This appropriation is noted as a one-time allocation, indicating that it is not intended to be a recurring funding source.