This bill appropriates funds for the homeownership education, counseling, and training program in Minnesota. It includes a transfer of $2,000,000 from the general fund to the housing development fund for fiscal years 2026, 2027, and 2028, with the same amount to be transferred each year thereafter. Additionally, it appropriates $2,000,000 from the housing development fund to the commissioner of the Housing Finance Agency for the program, specifying that ten percent of the funds in the first two fiscal years will be allocated to the Minnesota Homeownership Center. This allocation is intended to support the administration of the program and provide culturally appropriate services for individuals with limited English proficiency or access to technology.
Overall, the bill aims to enhance homeownership education and support services, particularly for underserved communities, by ensuring consistent funding and targeted assistance through the Minnesota Homeownership Center.