This bill mandates an audit of the Minnesota Housing Finance Agency (MHFA) to ensure compliance with equal opportunity laws and policies. It appropriates funds from the general fund for fiscal year 2025 to hire an independent auditor and establish a citizen oversight committee. This committee, in collaboration with the Council for Minnesotans of African Heritage, will inventory relevant state and federal equal opportunity laws, oversee the audit process, and report findings and recommendations to the governor and legislative committees before the 2025 legislative session begins.

The independent auditor will specifically assess the MHFA's adherence to equal opportunity laws and programs. The oversight committee's role includes ensuring transparency and accountability in the audit process, ultimately aiming to identify and address disparities in housing access for African Americans in Minnesota.