The bill establishes a budget for the Minnesota Housing Finance Agency, appropriating funds for various housing programs for the fiscal years 2026 and 2027. It specifies that the appropriations are from the general fund or other named funds and outlines the purposes for which the funds may be used. Key appropriations include support for housing projects for American Indians, the Greater Minnesota workforce housing development program, manufactured home park infrastructure grants, and various rental assistance programs. The bill also emphasizes the need to address disparities in homeownership rates among different racial and ethnic groups.

Additionally, the bill includes provisions for the rehabilitation of both owner-occupied and rental housing, allowing for grants or loans without income restrictions. It mandates the collection of demographic information to better understand and address disparities in homeownership. The bill also allows for flexibility in fund allocation, permitting the commissioner to shift or transfer money in the second year to meet high-priority housing needs. Overall, the bill aims to enhance housing stability and accessibility across Minnesota.