Bill > SF982

This bill appropriates funds to the Minnesota Housing Finance Agency for housing development programs, specifically allocating $22,925,000 in fiscal year 2026 and $12,925,000 in fiscal year 2027 from the general fund. The money will be used for two main housing programs: the economic development and housing challenge program (under Minnesota Statutes, section 462A.33) and low- and moderate-income housing programs (under Minnesota Statutes, section 462A.07, subdivision 14). A notable provision of this bill is that $1,208,000 of the appropriation in fiscal year 2026 and subsequent years will be exclusively reserved for housing projects benefiting American Indians during the first 11 months of the fiscal year. If the funds allocated for American Indian housing projects are not fully committed through the annual consolidated funding request process, the remaining money can be used for other eligible activities under the specified statutory sections, providing flexibility in housing program funding.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0982&ssn=0&y=2025