Bill > HF2445

This bill is a comprehensive housing finance legislation that provides funding and establishes policy frameworks for various housing initiatives in Minnesota. The bill appropriates approximately $158.7 million in fiscal year 2026 and $83.2 million in fiscal year 2027 for numerous housing programs, including economic development and housing challenge programs, workforce housing development, manufactured home park infrastructure grants, rent assistance, housing trust fund, homeless prevention, and homeownership assistance. Key provisions include establishing an Accessible Housing Task Force to examine housing experiences for persons with disabilities, creating a policy framework for stabilizing affordable rental housing, and modifying the first-generation homebuyers down payment assistance program. The bill also authorizes the Minnesota Housing Finance Agency to issue up to $100 million in additional housing infrastructure bonds and requires the agency to report annually on the financial stability of the affordable housing industry. Additionally, the bill includes provisions for prioritizing competitive development program awards based on jurisdictions' housing-friendly policies and transfers unencumbered balances from the housing support account to the general fund. The legislation aims to address housing challenges across Minnesota by providing financial support, creating policy frameworks, and focusing on accessibility and affordability for various population groups.

Budget and Finance, Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2445&ssn=0&y=2025