The bill proposes an appropriation of $200,000 from the general fund for the fiscal year 2025 to the Minnesota Housing Finance Agency. This funding is designated for a grant to the Community Stabilization Project, which aims to tackle the effects of inequitable housing practices. The project will collaborate with landlords and property owners to increase the availability of safe and affordable housing.
Additionally, the bill specifies that this appropriation will be added to the base budget, ensuring ongoing support for the Community Stabilization Project's initiatives in addressing housing inequities.