Bill > SF2298

This bill provides comprehensive housing policy and appropriations for Minnesota, focusing on various housing support programs, infrastructure, and policy changes. The bill appropriates approximately $101 million to the Minnesota Housing Finance Agency for fiscal year 2026 and $82.8 million for fiscal year 2027, with funding allocated across multiple housing-related programs including rental assistance, housing development, homelessness prevention, and homeownership support. Key provisions include creating a community-based first-generation homebuyers down payment assistance program, establishing a preservation framework for affordable housing, authorizing additional housing infrastructure bonds, and implementing various tenant protection and housing policy reforms. The bill introduces several new reporting requirements for the Minnesota Housing Finance Agency, such as reporting on accessible housing and the agency's asset management portfolio. It also modifies existing statutes related to housing development, landlord-tenant relationships, and local housing trust funds, with provisions aimed at reducing barriers to affordable housing development and protecting tenant rights. The legislation seeks to address housing challenges through a multi-faceted approach that includes financial support, policy changes, and strategic planning for housing development and preservation.

Budget and Finance, Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2298&ssn=0&y=2025