Bill > SF1711

This bill establishes a dedicated funding mechanism for Minnesota's workforce homeownership program by transferring and appropriating $30,250,000 annually from the state's general fund to the housing development fund, beginning in fiscal year 2026. Specifically, the bill directs these funds to the Minnesota Housing Finance Agency to support the workforce homeownership program, which is designed to help working-age individuals and families purchase homes. The funding transfer and appropriation will continue at the same $30,250,000 level in fiscal year 2027 and each subsequent year thereafter. By creating a consistent, long-term funding stream, the bill aims to provide stable financial support for initiatives that make homeownership more accessible to workers in Minnesota.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1711&ssn=0&y=2025