Bill > SF2237

This bill establishes a $4,000,000 appropriation for the Greater Minnesota Housing Infrastructure (GMHI) grant program in fiscal year 2026. Specifically, the bill transfers $4,000,000 from the state's bond proceeds fund to the housing development fund, which will then be used by the Minnesota Housing Finance Agency to support housing infrastructure in Greater Minnesota. To fund this transfer, the commissioner of management and budget is authorized to sell and issue state bonds up to $4,000,000, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The GMHI grant program, referenced in Minnesota Statutes section 462A.395, is designed to support housing development in areas of Minnesota outside the metropolitan region. The bill becomes effective immediately after its final enactment, providing immediate funding for housing infrastructure projects in Greater Minnesota.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2237&ssn=0&y=2025