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, nonstate resources must be committed, which can include cash, other grant funds, or in-kind contributions such as the value of the site. Eligible projects include owner-occupied housing developments, such as single-family homes, multifamily units, or manufactured home park cooperatives.

Additionally, the bill outlines the application process, requiring cities or counties to submit a resolution certifying the availability of the 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 bill also sets maximum grant amounts based on the type of housing developed, with a total cap of $500,000 for a county or city over two years, excluding manufactured housing developments. An appropriation of funds from the general fund for this program is also included in the bill.