Bill > SF1252

This bill requires the Minnesota Housing Finance Agency to collect and report specific data about contractors working on housing projects. Specifically, the bill mandates that the agency gather information about veteran-owned small businesses and LGBTQ-owned businesses (defined as businesses certified by the National LGBT Chamber of Commerce) in addition to existing compliance tracking. Every two years, by February 1st, the agency's commissioner must submit a report to legislative committee chairs detailing the number and total dollar amount of contracts and subcontracts for these specific business categories. The goal appears to be increasing transparency and tracking participation of veteran and LGBTQ-owned businesses in housing finance projects. By requiring regular reporting, the bill creates a mechanism to monitor and potentially support these business categories in the state's housing construction and financing ecosystem.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1252&ssn=0&y=2025