Bill > HF2865

This bill appropriates funding from the Minnesota state general fund to the Minnesota Housing Finance Agency for specific housing programs. Specifically, the bill allocates $22,925,000 in fiscal year 2026 and $12,925,000 in fiscal year 2027 to support two key housing initiatives: the economic development and housing challenge program and low- and moderate-income housing programs. A notable provision within this appropriation is that $1,208,000 in fiscal year 2026 and subsequent years will be exclusively reserved for housing projects benefiting American Indians during the first 11 months of each fiscal year. If the funds allocated for American Indian housing projects are not fully committed through the annual consolidated funding request process, the remaining money can be reallocated to other eligible activities under the referenced housing program statutes. This legislation aims to support affordable housing development and provide targeted funding for housing needs within Minnesota, with a specific focus on supporting housing opportunities for American Indian communities.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2865&ssn=0&y=2025