This bill aims to enhance housing infrastructure by establishing a funding mechanism for manufactured home parks in Minnesota. It proposes a transfer of $15 million from the general fund to the housing development fund for fiscal years 2026, 2027, and 2028, with the same amount allocated for each subsequent year. Additionally, it appropriates $15 million 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 mandates that the commissioner of the Minnesota Housing Finance Agency submit an annual report by January 15 to the relevant legislative committees. This report will detail the utilization 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 reinvested. This reporting requirement is intended to ensure transparency and accountability in the use of the allocated funds for housing development.