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 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 a one-time allocation aimed at addressing the need for affordable housing for the workforce in the state. The bill emphasizes the importance of developing housing solutions that cater to the needs of working individuals and families, thereby contributing to the overall economic stability and growth of Minnesota.