The bill appropriates $3,000,000 from the general fund for fiscal year 2027 to the Minnesota Housing Finance Agency. This funding is designated for a grant to Age Well at Home, a nonprofit organization, to create the Minnesota Age in Place Network. The grant will be used primarily for home modifications and safety renovations for older low- to moderate-income homeowners, with a cap of $20,000 for any single project. Additionally, Age Well at Home is permitted to allocate up to ten percent of the grant for administrative expenses related to the establishment and maintenance of the network.
This appropriation is a one-time funding initiative aimed at enhancing the living conditions of older homeowners, thereby supporting their ability to age in place safely and comfortably. The bill emphasizes the importance of providing financial assistance for necessary home improvements to ensure that older adults can remain in their homes as they age.