Bill > SF859

This bill appropriates $2 million from the state's general fund in fiscal year 2026 to the Minnesota Housing Finance Agency, specifically designated as a grant to the Arrowhead Economic Opportunity Agency. The grant is intended to be used as a revolving fund for purchasing and renovating tax-forfeited properties with the goal of making them available for owner occupancy. A key requirement is that the housing developed through this grant must be affordable for the local workforce. The bill emphasizes that this is a one-time appropriation, meaning the funding is not expected to be recurring in future years. The Arrowhead Economic Opportunity Agency, likely a regional economic development organization serving the Arrowhead region of northeastern Minnesota, will be responsible for implementing the property acquisition and rehabilitation program to create accessible housing for local residents.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0859&ssn=0&y=2025