Bill > HF297

This bill appropriates $2 million from the state general fund in fiscal year 2026 to the Minnesota Housing Finance Agency, specifically to provide a grant to the Arrowhead Economic Opportunity Agency (AEOA). The grant is intended to be used as a revolving fund, which means the money will be used to acquire and rehabilitate tax-forfeited properties (properties that have been seized by local government due to unpaid taxes) with the goal of making these properties available for owner occupancy. An important stipulation is that the housing created through this grant must be affordable to the local workforce, helping to address housing needs in the community. The bill specifies that this is a one-time appropriation, meaning the $2 million will not be a recurring annual allocation.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0297&ssn=0&y=2025