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 at least one person aged 55 or older, and outlines the types of housing projects eligible for funding, such as single-family developments and multifamily housing.

Additionally, the bill specifies the application process for grants, requiring cities or counties to submit a resolution certifying the availability of the required nonstate match. The commissioner will evaluate applications based on the necessity of the project for increasing housing availability for seniors and the potential for substantial public and private investment in the area. The maximum grant amounts are set at $40,000 per lot for smaller housing types, $60,000 for manufactured housing lots, and $180,000 for multifamily housing, with a cap of $500,000 in total grants over two years for any one or more housing developments. The bill also includes a one-time appropriation from the general fund for the program in fiscal year 2026.