The bill establishes the Greater Minnesota Senior Housing Infrastructure Grant Program, which allows the commissioner of the Minnesota Housing Finance Agency to provide grants to counties and cities for up to 50% of the capital costs associated with public infrastructure necessary for eligible senior housing development projects. To qualify for a grant, projects must demonstrate a commitment of nonstate resources, which can include cash, other grants, or in-kind contributions such as the value of the site. The bill defines key terms related to the program, including "senior housing" as housing intended for occupancy by individuals aged 55 and older, and outlines the types of housing projects that are eligible for funding.

Additionally, the bill specifies the application process for cities and counties seeking grants, requiring them to certify the availability of the necessary nonstate match. The commissioner will evaluate applications based on the project's necessity for increasing housing availability for seniors and its potential to attract substantial public and private investment. The maximum grant amounts are set at $40,000 per lot for smaller housing developments, $60,000 for manufactured housing lots, and $180,000 for multifamily housing with more than four units. The bill also includes a one-time appropriation from the general fund for the program in fiscal year 2026.