The bill proposes the appropriation of $20 million for workforce housing development in Minnesota. Specifically, it transfers this amount from the general fund to the housing development fund for the fiscal year 2026. The funds are designated for the commissioner of the Housing Finance Agency to support the workforce housing development program as outlined in Minnesota Statutes, section 462A.39.
This appropriation is characterized as a one-time allocation, indicating that it is not intended to be a recurring expense in future budgets. The bill aims to address the need for affordable housing options for the workforce in Minnesota, thereby supporting economic growth and stability in the region.