This bill appropriates $35,000,000 from the general fund for fiscal year 2026 to the Minnesota Housing Finance Agency. The funds are designated for a grant to the Minneapolis Public Housing Authority, which will be used to support the rehabilitation, preservation, equipping, and repair of deeply affordable family housing units in the city of Minneapolis and its affiliated entities, including the nonprofit corporation Community Housing Resources.

The appropriation is a one-time allocation aimed at enhancing the quality and availability of affordable housing in Minneapolis, addressing the urgent need for improved living conditions for families in the area.