Bill > HF2901

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 modifies Minnesota Statutes to allow the Minnesota Housing Finance Agency to use funds for services outlined in a previously defined section of law related to supportive housing. Supportive housing typically refers to a housing model that combines affordable housing with services that help people who face complex challenges live with stability and autonomy, such as those experiencing homelessness, mental illness, or substance use disorders. The bill adds these supportive services to the list of existing permissible uses of funds, which already include gap financing, new construction, acquisition, rehabilitation, demolition, construction financing, permanent financing, interest rate reduction, and refinancing. The change allows more flexibility in how housing funds can be used to support vulnerable populations by providing not just housing, but also critical wrap-around services that can help residents maintain stable housing and improve their overall quality of life.

Housing and Urban Affairs

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2901&ssn=0&y=2025