This bill appropriates funds for the homeownership education, counseling, and training program in Minnesota. It transfers $2,000,000 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 $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 designated for 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.

The bill emphasizes the importance of homeownership education and counseling, particularly for underserved communities, by ensuring that a portion of the funding is dedicated to enhancing access to these services. This initiative aims to promote homeownership and provide necessary resources to individuals who may face barriers in the housing market.