This bill establishes a framework for funding manufactured home park infrastructure through a series of financial appropriations and reporting requirements. It mandates the transfer of $15,000,000 from the general fund to the housing development fund for fiscal years 2026, 2027, and annually thereafter. Additionally, it appropriates the same amount from the housing development fund to the Minnesota Housing Finance Agency specifically for grants and loans aimed at improving manufactured home park infrastructure.
Furthermore, the bill requires the commissioner of the Minnesota Housing Finance Agency to submit an annual report by January 15 to relevant legislative committees. This report must detail the use of the funds, including the number of grants and loans requested and funded, the average amounts awarded, the terms of the loans, and how repaid loan funds were utilized. This reporting mechanism aims to enhance transparency and accountability in the management of the funds allocated for manufactured home park infrastructure.