The bill appropriates funds for supportive housing providers in Minnesota, specifically amending existing legislation to include a one-time appropriation for housing programs under Minnesota Statutes, section 462A.42. It allocates $1,500,000 for grants to grantees of the United States Department of Housing and Urban Development's Continuum of Care Program for fiscal year 2024. These grants are intended for organizations whose contracts have expired or will expire before December 31, 2026, and that have faced or will face funding gaps. The bill allows the agency to prioritize grant awards based on need and provides flexibility in the application and procurement processes for existing and previous federal funding recipients.

Additionally, the bill mandates that the agency make best efforts to obligate the funds within 120 days of July 1, 2026, and establishes that the new provisions will take effect the day following final enactment. This legislative action aims to address immediate funding needs for supportive housing providers, ensuring continuity of services for vulnerable populations in Minnesota.