The bill establishes a Cooperative Manufactured Housing Infrastructure Grant Program under Minnesota Statutes, section 462A.2036, which allows the Minnesota Housing Finance Agency to provide grants to counties and cities for up to 50% of the capital costs associated with public infrastructure necessary for eligible cooperative manufactured housing development projects. The agency will prioritize grant awards based on the commitment of nonstate resources, which can include cash or in-kind contributions. The bill defines "housing infrastructure" to encompass various public utilities and facilities essential for supporting these housing projects and specifies that eligible projects must be manufactured housing cooperatives as defined in existing law.

Additionally, the bill appropriates $10,000,000 from the bond proceeds fund to the Minnesota Housing Finance Agency for the grant program and authorizes the sale and issuance of state bonds to fund this appropriation. The agency is tasked with developing application procedures and evaluating projects based on their potential to increase housing availability for the workforce and stimulate public and private investment. The bill also includes provisions for grant cancellation if projects are not completed in a timely manner and ensures that returned grant funds are appropriated for additional grants under the program.