Bill > SF2730

This bill amends Minnesota Statutes to increase state funding for affordable housing aids in fiscal years 2026 and 2027. Specifically, the bill provides additional appropriations from the general fund to the commissioner of revenue: $17 million for counties, $5 million for tier I cities, and $3 million for eligible Tribal Nations. These appropriations are temporary and only apply to the specified fiscal years. The bill allows the commissioner flexibility in computing and distributing these additional aids, with a provision that for aids payable in 2025, the commissioner can calculate the additional amounts as late as July 15, 2025, and is not required to certify these amounts. The bill builds upon previous appropriations in fiscal years 2024 and 2025, continuing the state's efforts to support affordable housing through financial assistance to local governments and tribal nations. The effective date for these provisions is for aids payable in 2025 and 2026, indicating a targeted approach to addressing housing affordability in Minnesota.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2730&ssn=0&y=2025