This bill establishes a framework for funding manufactured home park infrastructure through a significant financial appropriation. It mandates the transfer of $15,000,000 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 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 the relevant legislative committees. This report will detail the utilization of the funds, including the number of grants and loans requested and funded, categorized by ownership type and county, as well as average amounts awarded and issued, loan terms, and the use of repaid loan funds. This reporting requirement aims to enhance transparency and accountability in the management of the funds allocated for manufactured home park infrastructure.