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MN HF384

MN HF384
Minneapolis; affordable housing funding provided, and money appropriated.


summary

Introduced
02/13/2025
In Committee
02/13/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to housing; appropriating money for affordable housing in the city of Minneapolis.

AI Summary

This bill appropriates $35 million from Minnesota's general fund in fiscal year 2026 to the Minnesota Housing Finance Agency, specifically designated as a grant for the Minneapolis Public Housing Authority and its affiliated entities, including its nonprofit arm Community Housing Resources. The purpose of this funding is to support the rehabilitation, preservation, equipment, and repair of deeply affordable family housing units within the city of Minneapolis. The appropriation is described as a onetime allocation, meaning it is a single, one-year funding commitment intended to improve and maintain affordable housing infrastructure for families in the city. By targeting deeply affordable housing units, the bill aims to support low-income residents by ensuring their housing remains in good condition and remains accessible.

Committee Categories

Housing and Urban Affairs

Sponsors (10)

Last Action

Introduction and first reading, referred to Housing Finance and Policy (on 02/13/2025)

bill text


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