This bill proposes the transfer and appropriation of funds for the Minnesota homeless study. It allocates $900,000 from the general fund to the housing development fund for fiscal years 2026 and 2027, with a commitment of the same amount for fiscal year 2028 and each subsequent year. Additionally, it appropriates $900,000 from the housing development fund to the Minnesota Housing Finance Agency for a grant to the Amherst H. Wilder Foundation, which will conduct the Minnesota homeless study. The funds must be disbursed by July 15 each year and can be used for related activities, with up to one percent allowed for administrative costs.

Furthermore, the bill mandates that the Amherst H. Wilder Foundation submit a report summarizing the findings of the Minnesota homeless study to the relevant legislative committees by March 1, 2028, and every three years thereafter. It also includes a provision that any unencumbered balance from fiscal year 2026 will not cancel and will be available for use in fiscal year 2027.