summary
Introduced
03/13/2025
03/13/2025
In Committee
03/13/2025
03/13/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to housing; appropriating money for a grant to CAPI USA.
AI Summary
This bill provides grant funding to CAPI USA for homeownership education and financial counseling programs by transferring and appropriating $400,000 total over two fiscal years (specifically $200,000 in fiscal year 2026 and $200,000 in fiscal year 2027). The money will be transferred from the general fund to the housing development fund, and then appropriated from that fund to the Minnesota Housing Finance Agency, which will then provide the grant to CAPI USA. These transfers and appropriations are designated as "onetime," meaning they are not recurring annual allocations. CAPI USA will use the funds to administer homeownership education and financial counseling programming, which likely helps potential homeowners understand the home buying process, financial requirements, and strategies for successful homeownership.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduction and first reading, referred to Housing Finance and Policy (on 03/13/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2277&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2277&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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