The bill establishes the Minnesota Nice HomeShare pilot program aimed at assisting seniors in Lake, St. Louis, and Washington counties by matching them with adults seeking affordable housing. The program, administered by the commissioner of the Minnesota Housing Finance Agency, will provide grants to help seniors, defined as individuals aged 55 and older, reduce their living expenses by connecting them with renters who can occupy spare rooms in their homes. The commissioner may collaborate with organizations such as the Arrowhead Area Agency on Aging and AARP Minnesota to promote the initiative.

Additionally, the bill outlines specific responsibilities for grantees, which include providing support to both hosts and renters, managing rental payments, ensuring the protection of private information, conducting background checks, verifying employment or school enrollment for renters, and processing applications. To fund this program, the bill appropriates $150,000 from the general fund for the fiscal year 2026 to support its implementation.