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 rehabilitate, preserve, equip, and repair 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 addressing the need for affordable housing in Minneapolis, ensuring that the city's housing stock remains viable and accessible for families in need.