Bill > SF2976

This bill expands the allowable uses of funds in the Minnesota housing tax credit contribution account to include funding supportive services in existing supportive housing. Specifically, the bill amends Minnesota Statutes to allow the Minnesota Housing Finance Agency to use funds for services enumerated in a previously defined section related to supportive housing. Supportive housing typically refers to affordable housing combined with services that help people who face complex challenges live with stability and autonomy, such as those experiencing chronic homelessness, mental illness, or substance use disorders. The bill broadens the existing list of permissible uses for housing grants and loans, which already includes gap financing, new construction, acquisition, rehabilitation, and other housing-related activities, by adding the ability to fund services that support residents in existing supportive housing developments. This change could help provide more comprehensive support to vulnerable populations by enabling financial resources to cover not just housing infrastructure, but also critical support services that help residents maintain stable housing and improve their quality of life.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2976&ssn=0&y=2025