Bill > SF1512

This bill addresses workforce housing development by allocating $20 million from the general fund to the housing development fund in fiscal year 2026, and then appropriating that same amount to the Minnesota Housing Finance Agency for its workforce housing development program. The term "workforce housing" typically refers to housing designed to be affordable for middle-income workers who may not qualify for traditional low-income housing assistance but still struggle with high housing costs. By transferring funds to the housing development fund and then specifically earmarking them for the existing workforce housing development program under Minnesota Statutes section 462A.39, the bill aims to support the creation or preservation of housing options for working individuals and families. The legislation specifies that this $20 million appropriation is a one-time funding allocation, highlighting its temporary nature and targeted approach to addressing housing affordability challenges.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1512&ssn=0&y=2025