The bill S.F. No. 2298 addresses housing policy and finance in Minnesota, proposing a budget for the Minnesota Housing Finance Agency and implementing various technical and policy changes. Key provisions include the establishment of a task force on homeowners and commercial property insurance, the elimination of certain real property recording fees, and the allocation of funds for programs supporting American Indian housing, workforce housing development, rental assistance, and homeownership assistance. The bill also emphasizes the rehabilitation of both owner-occupied and rental housing, community stabilization, and infrastructure grants. Notably, it repeals Minnesota Statutes sections 16A.287 and 462A.43, while introducing new provisions for housing infrastructure bonds, allowing the agency to issue up to $50 million in bonds.

Further amendments enhance support for manufactured home owners and renters, requiring park owners to contribute to the Minnesota manufactured home relocation trust fund during park conversions or closures, with specific exemptions outlined. The bill promotes tenant and landlord rights, establishes grants for rental assistance, and allows for the redistribution of unused funds among program administrators. It also introduces a first-generation homebuyers down payment assistance program, prioritizes nonprofit applicants for a high-rise sprinkler system grant and loan program, and clarifies definitions related to local housing trust funds and residential lease agreements. Additionally, it mandates the discharge of restrictive covenants related to protected classes at no cost and requires the commissioner of management and budget to report on public housing repositioning by February 2026.

Statutes affected:
1st Engrossment: 16A.287, 462A.43, 327C.095, 462A.051, 462A.07, 462A.2095, 462A.33, 462A.40
2nd Engrossment: 16A.287, 462A.43, 327C.095, 462A.051, 462A.07, 462A.2095, 462A.33, 462A.40
3rd Engrossment: 16A.287, 462A.43, 327C.095, 462A.051, 462A.07, 462A.2095, 462A.222, 462A.33, 462A.40, 507.18
4th Engrossment: 16A.287, 462A.43, 462A.37, 327C.095, 462A.051, 462A.07, 462A.2095, 462A.33, 462C.16, 477A.35, 477A.36, 504B.161, 504B.206, 504B.385, 504B.395, 507.18
1st Unofficial Engrossment: 16A.287, 462A.43, 462A.37, 462A.07
2nd Unofficial Engrossment: 16A.287, 462A.43, 462A.37, 462A.07
CCR-SF2298: 16A.287, 462A.43, 462A.37, 327C.095, 462A.051, 462A.07, 462A.2095, 462A.33, 462C.16, 477A.35, 477A.36, 504B.161, 504B.206, 504B.385, 504B.395, 507.18