Minnesota 2025-2026 Regular Session

Minnesota House Bill HF2445 Compare Versions

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11 1.1 A bill for an act​
2-1.2 relating to housing; establishing a budget for the Minnesota Housing Finance​
3-1.3 Agency; authorizing the issuance of housing infrastructure bonds; establishing an​
4-1.4 Accessible Housing Task Force; modifying the community-based first-generation​
5-1.5 homebuyers down payment assistance program; providing for the creation of a​
6-1.6 policy framework for targeted stabilization of regulated affordable housing;​
7-1.7 repealing housing support account in special revenue fund; requiring reports;​
8-1.8 transferring money; appropriating money; amending Minnesota Statutes 2024,​
9-1.9 sections 462A.07, subdivision 19, by adding subdivisions; 462A.37, subdivision​
10-1.10 5, by adding a subdivision; Laws 2023, chapter 37, article 1, section 2, subdivision​
11-1.11 20; article 2, section 9; repealing Minnesota Statutes 2024, sections 16A.287;​
12-1.12 462A.43.​
13-1.13BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
14-1.14 ARTICLE 1​
15-1.15 HOUSING BUDGET APPROPRIATIONS​
16-1.16Section 1. APPROPRIATIONS.​
17-1.17 The sums shown in the columns marked "Appropriations" are appropriated to the agency​
18-1.18for the purposes specified in this article. The appropriations are from the general fund, or​
19-1.19another named fund, and are available for the fiscal years indicated for each purpose. The​
20-1.20figures "2026" and "2027" used in this article mean that the appropriations listed under them​
21-1.21are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively. "The​
22-1.22first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium" is​
23-1.23fiscal years 2026 and 2027.​
24-1.24 APPROPRIATIONS​
25-1.25 Available for the Year​
26-1.26 Ending June 30​
27-2027​1.27 2026​
28-1​Article 1 Section 1.​
29-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​
2+1.2 relating to state government; establishing a budget for the Minnesota Housing​
3+1.3 Finance Agency; appropriating money.​
4+1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
5+1.5Section 1. APPROPRIATIONS.​
6+1.6 The sums shown in the columns marked "Appropriations" are appropriated to the agency​
7+1.7for the purposes specified in this article. The appropriations are from the general fund, or​
8+1.8another named fund, and are available for the fiscal years indicated for each purpose. The​
9+1.9figures "2026" and "2027" used in this article mean that the appropriations listed under them​
10+1.10are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively. "The​
11+1.11first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium" is​
12+1.12fiscal years 2026 and 2027.​
13+1.13 APPROPRIATIONS​
14+1.14 Available for the Year​
15+1.15 Ending June 30​
16+2027​1.16 2026​
17+1.17Sec. 2. HOUSING FINANCE AGENCY​
18+82,798,000​$​82,798,000​$​1.18Subdivision 1.Total Appropriation​
19+1.19(a) The amounts that may be spent for each​
20+1.20purpose are specified in the following​
21+1.21subdivisions.​
22+1​Sec. 2.​
23+REVISOR MS/CH 25-02021​02/26/25 ​
3024 State of Minnesota​
3125 This Document can be made available​
3226 in alternative formats upon request​
3327 HOUSE OF REPRESENTATIVES​
3428 H. F. No. 2445​
3529 NINETY-FOURTH SESSION​
3630 Authored by Igo and Howard​03/17/2025​
37-The bill was read for the first time and referred to the Committee on Housing Finance and Policy​
38-Adoption of Report: Amended and re-referred to the Committee on Ways and Means​04/21/2025​ 2.1Sec. 2. HOUSING FINANCE AGENCY​
39-83,248,000​$​158,698,000​$​2.2Subdivision 1.Total Appropriation​
40-2.3(a) The amounts that may be spent for each​
41-2.4purpose are specified in the following​
42-2.5subdivisions.​
43-2.6(b) Unless otherwise specified, the​
44-2.7appropriations for the programs in this section​
45-2.8are appropriated and made available for the​
46-2.9purposes of the housing development fund.​
47-2.10Except as otherwise indicated, the amounts​
48-2.11appropriated are part of the agency's​
49-2.12permanent budget base.​
50-12,925,000​22,925,000​2.13Subd. 2.Challenge Program​
51-2.14(a) This appropriation is for the economic​
52-2.15development and housing challenge program​
53-2.16under Minnesota Statutes, sections 462A.33​
54-2.17and 462A.07, subdivision 14.​
55-2.18(b) Of this amount, $1,208,000 each year shall​
56-2.19be made available during the first 11 months​
57-2.20of the fiscal year exclusively for housing​
58-2.21projects for American Indians. Any funds not​
59-2.22committed to housing projects for American​
60-2.23Indians within the annual consolidated request​
61-2.24for funding processes may be available for​
62-2.25any eligible activity under Minnesota Statutes,​
63-2.26sections 462A.33 and 462A.07, subdivision​
64-2.2714.​
65-2.28(c) The base for this program in fiscal year​
66-2.292028 and beyond is $12,925,000.​
67-2,000,000​12,000,000​2.30Subd. 3.Workforce Housing Development​
68-2.31(a) This appropriation is for the greater​
69-2.32Minnesota workforce housing development​
70-2.33program under Minnesota Statutes, section​
71-2​Article 1 Sec. 2.​
72-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 3.1462A.39. If requested by the applicant and​
73-3.2approved by the agency, funded properties​
74-3.3may include a portion of income and rent​
75-3.4restricted units. Funded properties may include​
76-3.5owner-occupied homes.​
77-3.6(b) The base for this program in fiscal year​
78-3.72028 and beyond is $2,000,000.​
79-1,000,000​3,000,000​3.8Subd. 4.Manufactured Home Park​
80-3.9Infrastructure Grants​
81-3.10(a) This appropriation is for manufactured​
82-3.11home park infrastructure grants under​
83-3.12Minnesota Statutes, section 462A.2035,​
84-3.13subdivision 1b.​
85-3.14(b) The base for this program in fiscal year​
86-3.152028 and beyond is $1,000,000.​
87-250,000​3,250,000​3.16Subd. 5.Workforce Homeownership Program​
88-3.17(a) This appropriation is for the workforce​
89-3.18homeownership program under Minnesota​
90-3.19Statutes, section 462A.38.​
91-3.20(b) The base for this program in fiscal year​
92-3.212028 and beyond is $250,000.​
93-23,000,000​23,000,000​3.22Subd. 6.Rent Assistance Program​
94-3.23This appropriation is for the rent assistance​
95-3.24program under Minnesota Statutes, section​
96-3.25462A.2095.​
97-11,646,000​11,646,000​3.26Subd. 7.Housing Trust Fund​
98-3.27This appropriation is for deposit in the housing​
99-3.28trust fund account created under Minnesota​
100-3.29Statutes, section 462A.201, and may be used​
101-3.30for the purposes provided in that section.​
102-3​Article 1 Sec. 2.​
103-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 2,750,000​2,750,000​4.1Subd. 8.Homework Starts with Home​
104-4.2This appropriation is for the homework starts​
105-4.3with home program under Minnesota Statutes,​
106-4.4sections 462A.201, subdivision 2, paragraph​
107-4.5(a), clause (4), and 462A.204, subdivision 8,​
108-4.6to provide assistance to homeless families,​
109-4.7those at risk of homelessness, or highly mobile​
110-4.8families.​
111-5,338,000​5,338,000​4.9Subd. 9.Rental Assistance for Mentally Ill​
112-4.10(a) This appropriation is for the rental housing​
113-4.11assistance program for persons with a mental​
114-4.12illness or families with an adult member with​
115-4.13a mental illness under Minnesota Statutes,​
116-4.14section 462A.2097. Among comparable​
117-4.15proposals, the agency shall prioritize those​
118-4.16proposals that target, in part, eligible persons​
119-4.17who desire to move to more integrated,​
120-4.18community-based settings.​
121-4.19(b) Notwithstanding any law to the contrary,​
122-4.20this appropriation may be used for risk​
123-4.21mitigation funds, landlord incentives, or other​
124-4.22costs necessary to decrease the risk of​
125-4.23homelessness, as determined by the agency.​
126-10,719,000​40,419,000​4.24Subd. 10.Family Homeless Prevention​
127-4.25(a) This appropriation is for the family​
128-4.26homeless prevention and assistance program​
129-4.27under Minnesota Statutes, section 462A.204.​
130-4.28(b) Notwithstanding any law to the contrary,​
131-4.29this appropriation may be used for program​
132-4.30costs necessary to decrease the risk of​
133-4.31homelessness and improve the effectiveness​
134-4.32of the program, as determined by the agency.​
135-4.33(c) When a new grantee works with a current​
136-4.34or former grantee in a given geographic area,​
137-4​Article 1 Sec. 2.​
138-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 5.1a new grantee may work with either an​
139-5.2advisory committee as required under​
140-5.3Minnesota Statutes, section 462A.204,​
141-5.4subdivision 6, or the local continuum of care​
142-5.5and is not required to meet the requirements​
143-5.6of Minnesota Statutes, section 462A.204,​
144-5.7subdivision 4.​
145-5.8(d) The base for this program in fiscal year​
146-5.92028 and beyond is $10,719,000.​
147-885,000​885,000​5.10Subd. 11.Home Ownership Assistance Fund​
148-5.11This appropriation is for the home ownership​
149-5.12assistance program under Minnesota Statutes,​
150-5.13section 462A.21, subdivision 8. The agency​
151-5.14shall continue to strengthen its efforts to​
152-5.15address the disparity gap in the​
153-5.16homeownership rate between white​
154-5.17households and Indigenous American Indians​
155-5.18and communities of color. To better​
156-5.19understand and address the disparity gap, the​
157-5.20agency is required to collect, on a voluntary​
158-5.21basis, demographic information regarding​
159-5.22race, color, national origin, and sex of​
160-5.23applicants for agency programs intended to​
161-5.24benefit homeowners and homebuyers.​
162-4,218,000​4,218,000​5.25Subd. 12.Affordable Rental Investment Fund​
163-5.26(a) This appropriation is for the affordable​
164-5.27rental investment fund program under​
165-5.28Minnesota Statutes, section 462A.21,​
166-5.29subdivision 8b, to finance the acquisition,​
167-5.30rehabilitation, and debt restructuring of​
168-5.31federally assisted rental property and for​
169-5.32making equity take-out loans under Minnesota​
170-5.33Statutes, section 462A.05, subdivision 39.​
171-5​Article 1 Sec. 2.​
172-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 6.1(b) The owner of federally assisted rental​
173-6.2property must agree to participate in the​
174-6.3applicable federally assisted housing program​
175-6.4and to extend any existing low-income​
176-6.5affordability restrictions on the housing for​
177-6.6the maximum term permitted.​
178-6.7(c) The appropriation also may be used to​
179-6.8finance the acquisition, rehabilitation, and debt​
180-6.9restructuring of existing supportive housing​
181-6.10properties and naturally occurring affordable​
182-6.11housing as determined by the commissioner.​
183-6.12For purposes of this paragraph, "supportive​
184-6.13housing" means affordable rental housing with​
185-6.14links to services necessary for individuals,​
186-6.15youth, and families with children to maintain​
187-6.16housing stability.​
31+The bill was read for the first time and referred to the Committee on Housing Finance and Policy​ 2.1(b) Unless otherwise specified, this​
32+2.2appropriation is for transfer to the housing​
33+2.3development fund for the programs specified​
34+2.4in this section. Except as otherwise indicated,​
35+2.5the amounts appropriated for this transfer are​
36+2.6part of the agency's permanent budget base.​
37+12,925,000​12,925,000​2.7Subd. 2.Challenge Program​
38+2.8(a) This appropriation is for the economic​
39+2.9development and housing challenge program​
40+2.10under Minnesota Statutes, section 462A.33​
41+2.11and 462A.07, subdivision 14.​
42+2.12(b) Of this amount, $1,208,000 each year shall​
43+2.13be made available during the first 11 months​
44+2.14of the fiscal year exclusively for housing​
45+2.15projects for American Indians. Any funds not​
46+2.16committed to housing projects for American​
47+2.17Indians within the annual consolidated request​
48+2.18for funding processes may be available for​
49+2.19any eligible activity under Minnesota Statutes,​
50+2.20sections 462A.33 and 462A.07, subdivision​
51+2.2114.​
52+2,000,000​2,000,000​2.22Subd. 3.Workforce Housing Development​
53+2.23This appropriation is for the Greater​
54+2.24Minnesota workforce housing development​
55+2.25program under Minnesota Statutes, section​
56+2.26462A.39. If requested by the applicant and​
57+2.27approved by the agency, funded properties​
58+2.28may include a portion of income and rent​
59+2.29restricted units. Funded properties may include​
60+2.30owner-occupied homes.​
61+2​Sec. 2.​
62+REVISOR MS/CH 25-02021​02/26/25 ​ 1,000,000​1,000,000​3.1Subd. 4.Manufactured Home Park​
63+3.2Infrastructure Grants​
64+3.3This appropriation is for manufactured home​
65+3.4park infrastructure grants under Minnesota​
66+3.5Statutes, section 462A.2035, subdivision 1b.​
67+250,000​250,000​3.6Subd. 5.Workforce Homeownership Program​
68+3.7This appropriation is for the workforce​
69+3.8homeownership program under Minnesota​
70+3.9Statutes, section 462A.38.​
71+23,000,000​23,000,000​3.10Subd. 6.Rent Assistance Program​
72+3.11This appropriation is for the rent assistance​
73+3.12program under Minnesota Statutes, section​
74+3.13462A.2095.​
75+11,646,000​11,646,000​3.14Subd. 7.Housing Trust Fund​
76+3.15This appropriation is for deposit in the housing​
77+3.16trust fund account created under Minnesota​
78+3.17Statutes, section 462A.201, and may be used​
79+3.18for the purposes provided in that section.​
80+2,750,000​2,750,000​3.19Subd. 8.Homework Starts with Home​
81+3.20This appropriation is for the homework starts​
82+3.21with home program under Minnesota Statutes,​
83+3.22sections 462A.201, subdivision 2, paragraph​
84+3.23(a), clause (4), and 462A.204, subdivision 8,​
85+3.24to provide assistance to homeless families,​
86+3.25those at risk of homelessness, or highly mobile​
87+3.26families.​
88+5,338,000​5,338,000​3.27Subd. 9.Rental Assistance for Mentally Ill​
89+3.28(a) This appropriation is for the rental housing​
90+3.29assistance program for persons with a mental​
91+3.30illness or families with an adult member with​
92+3.31a mental illness under Minnesota Statutes,​
93+3.32section 462A.2097. Among comparable​
94+3.33proposals, the agency shall prioritize those​
95+3​Sec. 2.​
96+REVISOR MS/CH 25-02021​02/26/25 ​ 4.1proposals that target, in part, eligible persons​
97+4.2who desire to move to more integrated,​
98+4.3community-based settings.​
99+4.4(b) Notwithstanding any law to the contrary,​
100+4.5this appropriation may be used for risk​
101+4.6mitigation funds, landlord incentives, or other​
102+4.7costs necessary to decrease the risk of​
103+4.8homelessness, as determined by the agency.​
104+10,269,000​10,269,000​4.9Subd. 10.Family Homeless Prevention​
105+4.10(a) This appropriation is for the family​
106+4.11homeless prevention and assistance program​
107+4.12under Minnesota Statutes, section 462A.204.​
108+4.13(b) Notwithstanding any law to the contrary,​
109+4.14this appropriation may be used for program​
110+4.15costs necessary to decrease the risk of​
111+4.16homelessness and improve the effectiveness​
112+4.17of the program, as determined by the agency.​
113+4.18(c) When a new grantee works with a current​
114+4.19or former grantee in a given geographic area,​
115+4.20a new grantee may work with either an​
116+4.21advisory committee as required under​
117+4.22Minnesota Statutes, section 462A.204,​
118+4.23subdivision 6, or the local continuum of care​
119+4.24and is not required to meet the requirements​
120+4.25of Minnesota Statutes, section 462A.204,​
121+4.26subdivision 4.​
122+885,000​885,000​4.27Subd. 11.Home Ownership Assistance Fund​
123+4.28This appropriation is for the home ownership​
124+4.29assistance program under Minnesota Statutes,​
125+4.30section 462A.21, subdivision 8. The agency​
126+4.31shall continue to strengthen its efforts to​
127+4.32address the disparity gap in the​
128+4.33homeownership rate between white​
129+4.34households and indigenous American Indians​
130+4​Sec. 2.​
131+REVISOR MS/CH 25-02021​02/26/25 ​ 5.1and communities of color. To better​
132+5.2understand and address the disparity gap, the​
133+5.3agency is required to collect, on a voluntary​
134+5.4basis, demographic information regarding​
135+5.5race, color, national origin, and sex of​
136+5.6applicants for agency programs intended to​
137+5.7benefit homeowners and homebuyers.​
138+4,218,000​4,218,000​5.8Subd. 12.Affordable Rental Investment Fund​
139+5.9(a) This appropriation is for the affordable​
140+5.10rental investment fund program under​
141+5.11Minnesota Statutes, section 462A.21,​
142+5.12subdivision 8b, to finance the acquisition,​
143+5.13rehabilitation, and debt restructuring of​
144+5.14federally assisted rental property and for​
145+5.15making equity take-out loans under Minnesota​
146+5.16Statutes, section 462A.05, subdivision 39.​
147+5.17(b) The owner of federally assisted rental​
148+5.18property must agree to participate in the​
149+5.19applicable federally assisted housing program​
150+5.20and to extend any existing low-income​
151+5.21affordability restrictions on the housing for​
152+5.22the maximum term permitted.​
153+5.23(c) The appropriation also may be used to​
154+5.24finance the acquisition, rehabilitation, and debt​
155+5.25restructuring of existing supportive housing​
156+5.26properties and naturally occurring affordable​
157+5.27housing as determined by the commissioner.​
158+5.28For purposes of this paragraph, "supportive​
159+5.29housing" means affordable rental housing with​
160+5.30links to services necessary for individuals,​
161+5.31youth, and families with children to maintain​
162+5.32housing stability.​
188163 2,772,000​2,772,000​
189-6.17Subd. 13.Owner-Occupied Housing​
190-6.18Rehabilitation​
191-6.19(a) This appropriation is for the rehabilitation​
192-6.20of owner-occupied housing under Minnesota​
193-6.21Statutes, section 462A.05, subdivisions 14 and​
194-6.2214a.​
164+5.33Subd. 13.Owner-Occupied Housing​
165+5.34Rehabilitation​
166+5​Sec. 2.​
167+REVISOR MS/CH 25-02021​02/26/25 ​ 6.1(a) This appropriation is for the rehabilitation​
168+6.2of owner-occupied housing under Minnesota​
169+6.3Statutes, section 462A.05, subdivisions 14 and​
170+6.414a.​
171+6.5(b) Notwithstanding any law to the contrary,​
172+6.6grants or loans under this subdivision may be​
173+6.7made without rent or income restrictions of​
174+6.8owners or tenants. To the extent practicable,​
175+6.9grants or loans must be made available​
176+6.10statewide.​
177+3,743,000​3,743,000​6.11Subd. 14.Rental Housing Rehabilitation​
178+6.12(a) This appropriation is for the rehabilitation​
179+6.13of eligible rental housing under Minnesota​
180+6.14Statutes, section 462A.05, subdivision 14. In​
181+6.15administering a rehabilitation program for​
182+6.16rental housing, the agency may apply the​
183+6.17processes and priorities adopted for​
184+6.18administration of the economic development​
185+6.19and housing challenge program under​
186+6.20Minnesota Statutes, section 462A.33, and may​
187+6.21provide grants or forgivable loans if approved​
188+6.22by the agency.​
195189 6.23(b) Notwithstanding any law to the contrary,​
196190 6.24grants or loans under this subdivision may be​
197191 6.25made without rent or income restrictions of​
198192 6.26owners or tenants. To the extent practicable,​
199193 6.27grants or loans must be made available​
200194 6.28statewide.​
201-3,743,000​3,743,000​6.29Subd. 14.Rental Housing Rehabilitation​
202-6.30(a) This appropriation is for the rehabilitation​
203-6.31of eligible rental housing under Minnesota​
204-6.32Statutes, section 462A.05, subdivision 14. In​
205-6.33administering a rehabilitation program for​
206-6.34rental housing, the agency may apply the​
207-6.35processes and priorities adopted for​
208-6​Article 1 Sec. 2.​
209-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 7.1administration of the economic development​
210-7.2and housing challenge program under​
211-7.3Minnesota Statutes, section 462A.33, and may​
212-7.4provide grants or forgivable loans if approved​
213-7.5by the agency.​
214-7.6(b) Notwithstanding any law to the contrary,​
215-7.7grants or loans under this subdivision may be​
216-7.8made without rent or income restrictions of​
217-7.9owners or tenants. To the extent practicable,​
218-7.10grants or loans must be made available​
219-7.11statewide.​
220-857,000​857,000​7.12Subd. 15.Homeownership Education,​
221-7.13Counseling, and Training​
222-7.14This appropriation is for the homeownership​
223-7.15education, counseling, and training program​
224-7.16under Minnesota Statutes, section 462A.209.​
225-645,000​645,000​7.17Subd. 16.Capacity Building Grants​
226-7.18This appropriation is for capacity building​
227-7.19grants under Minnesota Statutes, section​
228-7.20462A.21, subdivision 3b.​
229-500,000​500,000​7.21Subd. 17.Build Wealth MN​
230-7.22This appropriation is for a grant to Build​
231-7.23Wealth Minnesota to provide a family​
232-7.24stabilization plan program including program​
233-7.25outreach, financial literacy education, and​
234-7.26budget and debt counseling.​
235--0-​20,000,000​
236-7.27Subd. 18.Greater Minnesota Housing​
237-7.28Infrastructure Grants​
238-7.29This appropriation is for the greater Minnesota​
239-7.30housing infrastructure grant program under​
240-7.31Minnesota Statutes, section 462A.395. This​
241-7.32is a onetime appropriation.​
242-7​Article 1 Sec. 2.​
243-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ -0-​500,000​
244-8.1Subd. 19.Statewide Tenant Education and​
245-8.2Hotline Service​
246-8.3This appropriation is for a statewide tenant​
247-8.4education and hotline service that provides​
248-8.5free and confidential legal advice for all​
249-8.6Minnesota renters. This is a onetime​
250-8.7appropriation.​
251--0-​150,000​8.8Subd. 20.Accessible Housing Task Force​
252-8.9This appropriation is for administration of the​
253-8.10Accessible Housing Task Force established​
254-8.11in this act. This is a onetime appropriation.​
255--0-​100,000​
256-8.12Subd. 21.Policies to Stabilize Affordable​
257-8.13Housing​
258-8.14This appropriation is for administration of​
259-8.15article 3, sections 1, 2, and 6. This is a onetime​
260-8.16appropriation.​
261-8.17Subd. 22.Availability​
262-8.18Money appropriated in the first year in this​
263-8.19article is available the second year.​
264-8.20 Sec. 3. TRANSFER; HOUSING SUPPORT ACCOUNT.​
265-8.21 The commissioner of management and budget must transfer any unencumbered balance​
266-8.22from the housing support account, under Minnesota Statutes, section 462A.43, to the general​
267-8.23fund by June 15, 2025.​
268-8.24 EFFECTIVE DATE.This section is effective the day following final enactment.​
269-8.25 Sec. 4. REPEALER.​
270-8.26 (a) Minnesota Statutes 2024, section 16A.287, is repealed.​
271-8.27 (b) Minnesota Statutes 2024, section 462A.43, is repealed.​
272-8.28 EFFECTIVE DATE.Paragraph (a) is effective June 30, 2025.​
273-8​Article 1 Sec. 4.​
274-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 9.1 ARTICLE 2​
275-9.2 BONDING AUTHORITY AND DEBT SERVICE APPROPRIATIONS​
276-9.3 Section 1. Minnesota Statutes 2024, section 462A.37, is amended by adding a subdivision​
277-9.4to read:​
278-9.5 Subd. 2k.Additional authorization.In addition to the amount authorized in subdivisions​
279-9.62 to 2j and 3a, the agency may issue up to $100,000,000 in one or more series to which the​
280-9.7payments under this section may be pledged.​
281-9.8 EFFECTIVE DATE.This section is effective the day following final enactment.​
282-9.9 Sec. 2. Minnesota Statutes 2024, section 462A.37, subdivision 5, is amended to read:​
283-9.10 Subd. 5.Additional appropriation.(a) The agency must certify annually to the​
284-9.11commissioner of management and budget the actual amount of annual debt service on each​
285-9.12series of bonds issued under this section.​
286-9.13 (b) Each July 15, beginning in 2015 and through 2037, if any housing infrastructure​
287-9.14bonds issued under subdivision 2a, or housing infrastructure bonds issued to refund those​
288-9.15bonds, remain outstanding, the commissioner of management and budget must transfer to​
289-9.16the housing infrastructure bond account established under section 462A.21, subdivision 33,​
290-9.17the amount certified under paragraph (a), not to exceed $6,400,000 annually. The amounts​
291-9.18necessary to make the transfers are appropriated from the general fund to the commissioner​
292-9.19of management and budget.​
293-9.20 (c) Each July 15, beginning in 2017 and through 2038, if any housing infrastructure​
294-9.21bonds issued under subdivision 2b, or housing infrastructure bonds issued to refund those​
295-9.22bonds, remain outstanding, the commissioner of management and budget must transfer to​
296-9.23the housing infrastructure bond account established under section 462A.21, subdivision 33,​
297-9.24the amount certified under paragraph (a), not to exceed $800,000 annually. The amounts​
298-9.25necessary to make the transfers are appropriated from the general fund to the commissioner​
299-9.26of management and budget.​
300-9.27 (d) Each July 15, beginning in 2019 and through 2040, if any housing infrastructure​
301-9.28bonds issued under subdivision 2c, or housing infrastructure bonds issued to refund those​
302-9.29bonds, remain outstanding, the commissioner of management and budget must transfer to​
303-9.30the housing infrastructure bond account established under section 462A.21, subdivision 33,​
304-9.31the amount certified under paragraph (a), not to exceed $2,800,000 annually. The amounts​
305-9.32necessary to make the transfers are appropriated from the general fund to the commissioner​
306-9.33of management and budget.​
307-9​Article 2 Sec. 2.​
308-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 10.1 (e) Each July 15, beginning in 2020 and through 2041, if any housing infrastructure​
309-10.2bonds issued under subdivision 2d, or housing infrastructure bonds issued to refund those​
310-10.3bonds, remain outstanding, the commissioner of management and budget must transfer to​
311-10.4the housing infrastructure bond account established under section 462A.21, subdivision 33,​
312-10.5the amount certified under paragraph (a). The amounts necessary to make the transfers are​
313-10.6appropriated from the general fund to the commissioner of management and budget.​
314-10.7 (f) Each July 15, beginning in 2020 and through 2041, if any housing infrastructure​
315-10.8bonds issued under subdivision 2e, or housing infrastructure bonds issued to refund those​
316-10.9bonds, remain outstanding, the commissioner of management and budget must transfer to​
317-10.10the housing infrastructure bond account established under section 462A.21, subdivision 33,​
318-10.11the amount certified under paragraph (a). The amounts necessary to make the transfers are​
319-10.12appropriated from the general fund to the commissioner of management and budget.​
320-10.13 (g) Each July 15, beginning in 2022 and through 2043, if any housing infrastructure​
321-10.14bonds issued under subdivision 2f, or housing infrastructure bonds issued to refund those​
322-10.15bonds, remain outstanding, the commissioner of management and budget must transfer to​
323-10.16the housing infrastructure bond account established under section 462A.21, subdivision 33,​
324-10.17the amount certified under paragraph (a). The amounts necessary to make the transfers are​
325-10.18appropriated from the general fund to the commissioner of management and budget.​
326-10.19 (h) Each July 15, beginning in 2022 and through 2043, if any housing infrastructure​
327-10.20bonds issued under subdivision 2g, or housing infrastructure bonds issued to refund those​
328-10.21bonds, remain outstanding, the commissioner of management and budget must transfer to​
329-10.22the housing infrastructure bond account established under section 462A.21, subdivision 33,​
330-10.23the amount certified under paragraph (a). The amounts necessary to make the transfers are​
331-10.24appropriated from the general fund to the commissioner of management and budget.​
332-10.25 (i) Each July 15, beginning in 2023 and through 2044, if any housing infrastructure​
333-10.26bonds issued under subdivision 2h, or housing infrastructure bonds issued to refund those​
334-10.27bonds, remain outstanding, the commissioner of management and budget must transfer to​
335-10.28the housing infrastructure bond account established under section 462A.21, subdivision 33,​
336-10.29the amount certified under paragraph (a). The amounts necessary to make the transfers are​
337-10.30appropriated from the general fund to the commissioner of management and budget.​
338-10.31 (j) Each July 15, beginning in 2026 and through 2047, if any housing infrastructure​
339-10.32bonds issued under subdivision 2j, or housing infrastructure bonds issued to refund those​
340-10.33bonds, remain outstanding, the commissioner of management and budget must transfer to​
341-10.34the housing infrastructure bond account established under section 462A.21, subdivision 33,​
342-10​Article 2 Sec. 2.​
343-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 11.1the amount certified under paragraph (a). The amounts necessary to make the transfers are​
344-11.2appropriated from the general fund to the commissioner of management and budget.​
345-11.3 (k) Each July 15, beginning in 2027 and through 2048, if any housing infrastructure​
346-11.4bonds issued under subdivision 2k, or housing infrastructure bonds issued to refund those​
347-11.5bonds, remain outstanding, the commissioner of management and budget must transfer to​
348-11.6the housing infrastructure bond account established under section 462A.21, subdivision 33,​
349-11.7the amount certified under paragraph (a). The amounts necessary to make the transfers are​
350-11.8appropriated from the general fund to the commissioner of management and budget.​
351-11.9 (l) The agency may pledge to the payment of the housing infrastructure bonds the​
352-11.10payments to be made by the state under this section.​
353-11.11 EFFECTIVE DATE.This section is effective the day following final enactment.​
354-11.12 ARTICLE 3​
355-11.13 HOUSING POLICY​
356-11.14Section 1. Minnesota Statutes 2024, section 462A.07, subdivision 19, is amended to read:​
357-11.15 Subd. 19.Report to the legislature.(a) By February 15 each year, the commissioner​
358-11.16must submit a report to the chairs and ranking minority members of the legislative committees​
359-11.17having jurisdiction over housing finance and policy containing the following information:​
360-11.18 (1) the total number of applications for funding;​
361-11.19 (2) the amount of funding requested;​
362-11.20 (3) the amounts of funding awarded; and​
363-11.21 (4) the number of housing units that are affected by funding awards, including the number​
364-11.22of:​
365-11.23 (i) newly constructed owner-occupied units;​
366-11.24 (ii) renovated owner-occupied units;​
367-11.25 (iii) newly constructed rental units; and​
368-11.26 (iv) renovated rental units.​
369-11.27 (b) This reporting requirement applies to appropriations for competitive development​
370-11.28programs made in Laws 2023 and in subsequent laws.​
371-11.29 (c) By January 5 each year, the commissioner must report on the financial stability of​
372-11.30the affordable housing industry. The report must include:​
373-11​Article 3 Section 1.​
374-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 12.1 (1) the ratio of operating expenses to revenue in affordable rental housing projects; and​
375-12.2 (2) the percent of rents collected on time, divided into four regions of the state:​
376-12.3 (i) the cities of St. Paul and Minneapolis;​
377-12.4 (ii) the metropolitan counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and​
378-12.5Washington, except for the cities of St. Paul and Minneapolis;​
379-12.6 (iii) urban greater Minnesota, including the cities of Duluth, Mankato, Moorhead,​
380-12.7Rochester, and St. Cloud; and​
381-12.8 (iv) rural greater Minnesota, which includes all of Minnesota, except for the places listed​
382-12.9in items (i), (ii), and (iii).​
383-12.10Sec. 2. Minnesota Statutes 2024, section 462A.07, is amended by adding a subdivision to​
384-12.11read:​
385-12.12 Subd. 21.Affordable housing annual meeting.At least once each year, the​
386-12.13commissioner must convene a meeting with the Interagency Council to End Homelessness​
387-12.14and the cities and counties with high levels of cost-burdened households, meaning those​
388-12.15where gross rent or homeownership costs are 30 percent or more of household income. The​
389-12.16purpose of the meeting is to discuss:​
390-12.17 (1) resources received by cities and counties;​
391-12.18 (2) regional needs for affordable housing; and​
392-12.19 (3) recommendations for the collaborative use of funds to effectively address​
393-12.20homelessness, housing insecurity, security of affordable housing, and the lack of housing​
394-12.21supply.​
395-12.22Sec. 3. Minnesota Statutes 2024, section 462A.07, is amended by adding a subdivision to​
396-12.23read:​
397-12.24 Subd. 22.Prioritization of competitive development program awards.(a) When​
398-12.25assessing applications for funding from competitive development programs, the commissioner​
399-12.26shall prioritize applications for projects located in jurisdictions that have policies conducive​
400-12.27to developing residential properties. For assessing applications for funding for any​
401-12.28competitive development program, the commissioner shall develop a scoring system which​
402-12.29awards additional points to any jurisdiction that meets any of the following criteria:​
403-12.30 (1) the jurisdiction allows for the development of multifamily housing in at least 75​
404-12.31percent of the area within the jurisdiction zoned as the commercial district;​
405-12​Article 3 Sec. 3.​
406-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 13.1 (2) the jurisdiction allows for duplexes, accessory dwelling units, or townhomes within​
407-13.275 percent of the area within the jurisdiction zoned for single-family and applies the same​
408-13.3administrative approval process to those properties that would apply to a single-family​
409-13.4dwelling being developed on the same lot;​
410-13.5 (3) the jurisdiction does not have parking mandates greater than one stall per unit of​
411-13.6housing for single family or multifamily developments;​
412-13.7 (4) the jurisdiction does not mandate lot sizes larger than one-eighth of an acre; and​
413-13.8 (5) the jurisdiction does not place aesthetic mandates on new home construction in​
414-13.9single-family, including type of exterior finish materials, including siding; the presence of​
415-13.10shutters, columns, gables, decks, balconies, or porches; or minimum garage square footage,​
416-13.11size, width, or depth.​
417-13.12 (b) In determining whether a jurisdiction has complied with any of the criteria in​
418-13.13paragraph (a), the commissioner may rely on representations on the website of a municipality​
419-13.14as to their compliance with any of those criteria.​
420-13.15Sec. 4. Laws 2023, chapter 37, article 1, section 2, subdivision 20, is amended to read:​
421--0-​100,000,000​
422-13.16Subd. 20.Community-Based First-Generation​
423-13.17Homebuyers Down Payment Assistance​
424-13.18This appropriation is for a grant to Midwest​
425-13.19Minnesota Community Development​
426-13.20Corporation (MMCDC) to act as the​
427-13.21administrator of the community-based​
428-13.22first-generation homebuyers down payment​
429-13.23assistance program. The funds shall be​
430-13.24available to MMCDC for a three-year period​
431-13.25commencing with issuance of the funds to​
432-13.26MMCDC. At the expiration of that period, any​
433-13.27unused funds shall be remitted to the agency.​
434-13.28Any funds recaptured by MMCDC after the​
435-13.29expiration of that period shall be remitted to​
436-13.30the agency. Funds remitted to the agency​
437-13.31under this paragraph are appropriated to the​
438-13.32agency for administration of the​
439-13.33first-generation homebuyers down payment​
440-13.34assistance fund.​
441-13​Article 3 Sec. 4.​
442-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 14.1 Sec. 5. Laws 2023, chapter 37, article 2, section 9, is amended to read:​
443-14.2 Sec. 9. COMMUNITY-BASED FIRST-GENERATION HOMEBUYERS​
444-14.3ASSISTANCE PROGRAM.​
445-14.4 Subdivision 1.Establishment.A community-based first-generation homebuyers down​
446-14.5payment assistance program is established as a pilot project program under the administration​
447-14.6of the Midwest Minnesota Community Development Corporation (MMCDC), a community​
448-14.7development financial institution (CDFI) as defined under the Riegle Community​
449-14.8Development and Regulatory Improvement Act of 1994, to provide targeted assistance to​
450-14.9eligible households homebuyers.​
451-14.10 Subd. 2.Eligible household homebuyer.For purposes of this section, "eligible​
452-14.11household" "eligible homebuyer" means a household an adult person:​
453-14.12 (1) whose income is at or below 100 percent of the area statewide median income at the​
454-14.13time of purchase application; and​
455-14.14 (2) that includes at least one adult member:​
456-14.15 (i) (2) who is preapproved for a first mortgage loan; and​
457-14.16 (ii) (3)(i) who either never owned a home or who owned a home but lost it due to​
458-14.17foreclosure; and​
459-14.18 (iii) (ii) whose parent or prior legal guardian either never owned a home or owned a​
460-14.19home but lost it due to foreclosure.​
461-14.20At least one adult household member meeting the criteria under clause (2) The eligible​
462-14.21homebuyer must complete an approved homebuyer education course prior to signing a​
463-14.22purchase agreement and, following the purchase of the home, must occupy it as their primary​
464-14.23residence.​
465-14.24 Subd. 3.Use of funds.Assistance under this section is limited to ten percent of the​
466-14.25purchase price of a one or two unit home, not to exceed $32,000. Beginning in fiscal year​
467-14.262027, the maximum amount of assistance may be increased to up to ten percent of the​
468-14.27median home sales price as reported in the previous year's Minnesota Realtors Annual​
469-14.28Report on the Minnesota Housing Market. Funds are reserved at the issuance of preapproval.​
470-14.29Reservation of funds is not contingent on having an executed purchase agreement. The​
471-14.30assistance must be provided in the form of a no-interest loan that is forgiven over five years,​
472-14.31forgivable at a rate of 20 percent per year on the day after the anniversary date of the note,​
473-14.32with the final 20 percent forgiven on the down payment assistance loan maturity date. There​
474-14​Article 3 Sec. 5.​
475-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 15.1is no monthly pro rata or partial year credit. The loan has no monthly payment and does not​
476-15.2accrue interest. The prorated balance due is repayable if the property converts to nonowner​
477-15.3occupancy, is sold, is subjected to an ineligible refinance, is subjected to an unauthorized​
478-15.4transfer of title, or is subjected to a completed foreclosure action within the five-year loan​
479-15.5term. Recapture can be waived in the event of financial or personal hardship. MMCDC may​
480-15.6retain recaptured funds for assisting eligible homebuyers as provided in this section. Funds​
481-15.7may be used for closing costs, down payment, or principal reduction. The eligible household​
482-15.8may select any first mortgage lender or broker of their choice, provided that the funds are​
483-15.9used in conjunction with a conforming first mortgage loan that is fully amortizing and meets​
484-15.10the standards of a qualified mortgage or meets the minimum standards for exemption under​
485-15.11Code of Federal Regulations, title 12, section 1026.43. Funds may be used in conjunction​
486-15.12with other programs the eligible household may qualify for and the loan placed in any​
487-15.13priority position.​
488-15.14 Subd. 4.Administration.The community-based first-generation homebuyers down​
489-15.15payment assistance program is available statewide and shall be administered by MMCDC,​
490-15.16the designated central CDFI. MMCDC may originate and service funds and authorize other​
491-15.17CDFIs, Tribal entities, and nonprofit organizations administering down payment assistance​
492-15.18to reserve, originate, fund, and service funds for eligible households homebuyers.​
493-15.19Administrative costs must not exceed $3,200 per loan ten percent of the fiscal year​
494-15.20appropriation.​
495-15.21 Subd. 5.Report to legislature.By January 15 each year, the fund administrator,​
496-15.22MMCDC, must report to the chairs and ranking minority members of the legislative​
497-15.23committees with jurisdiction over housing finance and policy the following information:​
498-15.24 (1) the number and amount of loans closed;​
499-15.25 (2) the median loan amount;​
500-15.26 (3) the number and amount of loans issued by race or ethnic categories;​
501-15.27 (4) the median home purchase price;​
502-15.28 (5) the interest rates and types of mortgages;​
503-15.29 (6) the credit scores of both applicants and households served;​
504-15.30 (7) the total amount returned to the fund; and​
505-15.31 (8) the number and amount of loans issued by county.​
506-15​Article 3 Sec. 5.​
507-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 16.1 Sec. 6. POLICY FRAMEWORK FOR TARGETED STABILIZATION OF​
508-16.2REGULATED AFFORDABLE HOUSING.​
509-16.3 (a) The commissioner of housing finance must work with affordable housing stakeholders,​
510-16.4including the Interagency Stabilization Group, to develop a policy framework for targeted​
511-16.5stabilization of affordable rental housing. In developing this framework, the commissioner​
512-16.6must identify:​
513-16.7 (1) strategies, tools, and funding mechanisms for targeted stabilization of affordable​
514-16.8rental housing and recapitalization of distressed properties;​
515-16.9 (2) potential improvements for regulatory relief for affordable rental housing providers​
516-16.10and implement these improvements where feasible;​
517-16.11 (3) a specific plan for relief when an operator of permanent housing cannot identify and​
518-16.12secure adequate service funding that matches the tenants' needs; and​
519-16.13 (4) a strategy with the commissioner of human services to integrate the awarding of state​
520-16.14service dollars to permanent supportive housing so that state service dollars can accompany​
521-16.15capital awards in the consolidated request for proposal process.​
522-16.16 (b) The commissioner must report quarterly to the Minnesota Housing Finance Agency​
523-16.17Board of Directors on the policy framework, improvements implemented, and any potential​
524-16.18changes to legislation that may be needed to support targeted stabilization of regulated​
525-16.19affordable housing and recapitalization of distressed properties.​
526-16.20 (c) By January 5, 2026, the commissioner must report to the chairs and ranking minority​
527-16.21members of the legislative committees having jurisdiction over housing finance and policy​
528-16.22on the policy framework, improvements implemented, and any potential changes to​
529-16.23legislation that may be needed to support targeted stabilization of regulated affordable​
530-16.24housing and recapitalization of distressed properties.​
531-16.25Sec. 7. ACCESSIBLE HOUSING TASK FORCE.​
532-16.26 Subdivision 1.Definitions.(a) For purposes of this section, the following terms have​
533-16.27the meanings given.​
534-16.28 (b) "Accessible housing" means housing that is designed, constructed, or modified to​
535-16.29enable persons with disabilities to live independently. Accessible housing may be made​
536-16.30accessible through design or additional features, such as modified bathrooms, cabinetry,​
537-16.31appliances, furniture, space, shelves, or cupboards that improve the overall ability of persons​
538-16.32with disabilities to function in the housing.​
539-16​Article 3 Sec. 7.​
540-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 17.1 (c) "Person with a disability" has the meaning given in Minnesota Statutes, section​
541-17.2256.481.​
542-17.3 Subd. 2.Establishment of task force.An Accessible Housing Task Force is established​
543-17.4to:​
544-17.5 (1) examine the housing experiences of persons with disabilities, including their​
545-17.6experiences seeking accessible housing or independent housing;​
546-17.7 (2) examine the practices of housing providers related to accessible housing and​
547-17.8independent housing and the issues preventing housing providers from providing accessible​
548-17.9housing or independent housing units to persons with disabilities; and​
549-17.10 (3) recommend legislation to increase the supply of safe and affordable, accessible​
550-17.11housing and independent housing units.​
551-17.12 Subd. 3.Membership.(a) The task force consists of the following members appointed​
552-17.13by the governor:​
553-17.14 (1) five persons with disabilities who have experienced a lack of accessible housing;​
554-17.15 (2) two parents of adult persons who have experienced a lack of affordable housing;​
555-17.16 (3) one representative of the Minnesota Council on Disability;​
556-17.17 (4) one representative of Arc Minnesota;​
557-17.18 (5) one representative of the Minnesota Consortium for Citizens with Disabilities;​
558-17.19 (6) one representative of the Minnesota Housing Finance Agency;​
559-17.20 (7) one representative of the Minnesota Department of Human Services;​
560-17.21 (8) one representative of the Minnesota Department of Health;​
561-17.22 (9) one staff person working for a housing stabilization services program;​
562-17.23 (10) one representative of a housing contractor who has built accessible housing;​
563-17.24 (11) one representative of a housing developer who has developed property that includes​
564-17.25accessible housing;​
565-17.26 (12) one representative of an organization or a local government agency that helps find​
566-17.27housing for people with disabilities;​
567-17.28 (13) one member of the Minnesota Board on Aging; and​
568-17.29 (14) two representatives of organizations or groups who advocate for persons with​
569-17.30disabilities.​
570-17​Article 3 Sec. 7.​
571-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 18.1 (b) Appointments must be made no later than July 1, 2025, and must include​
572-18.2representatives of both the metropolitan area and greater Minnesota.​
573-18.3 (c) Task force members must serve without compensation, except for public members.​
574-18.4Members eligible for compensation must receive expenses as provided in Minnesota Statutes,​
575-18.5section 15.059, subdivision 6.​
576-18.6 (d) Vacancies must be filled by the governor consistent with the qualifications of the​
577-18.7vacating member required by this subdivision.​
578-18.8 Subd. 4.Meetings; officers.(a) The Minnesota Housing Finance Agency shall convene​
579-18.9the first meeting of the task force no later than August 15, 2025, and shall provide accessible​
580-18.10physical or virtual meeting space as necessary for the task force to conduct its work.​
581-18.11 (b) At its first meeting, the task force shall elect a chair and vice-chair from among the​
582-18.12task force members and may elect other officers as necessary.​
583-18.13 (c) The task force shall meet according to a schedule determined by the members or​
584-18.14upon the call of the task force's chair. The task force must meet as often as necessary to​
585-18.15accomplish the duties under subdivision 5.​
586-18.16 (d) Meetings of the task force are subject to Minnesota Statutes, chapter 13D.​
587-18.17 Subd. 5.Duties.(a) The task force must seek input from:​
588-18.18 (1) individuals who are experiencing or who have experienced the lack of affordable,​
589-18.19accessible housing;​
590-18.20 (2) providers of accessible housing; and​
591-18.21 (3) any other persons or organizations with experience or expertise in affordable,​
592-18.22accessible housing.​
593-18.23 (b) The task force must:​
594-18.24 (1) research and analyze how other states, cities, and counties address a lack of affordable,​
595-18.25accessible housing; and​
596-18.26 (2) develop recommendations to establish statewide education on affordable, accessible​
597-18.27housing to ensure that local units of government include affordable, accessible housing and​
598-18.28affordable housing policies in local planning.​
599-18.29 Subd. 6.Report.(a) No later than February 1, 2026, the task force shall submit an initial​
600-18.30report to the chairs and ranking minority members of the legislative committees and divisions​
601-18​Article 3 Sec. 7.​
602-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ 19.1with jurisdiction over housing on the findings and recommendations of the task force for​
603-19.2improving the supply, quality, and affordability of accessible housing statewide.​
604-19.3 (b) No later than August 31, 2026, the task force shall submit a final report to the chairs​
605-19.4and ranking minority members of the legislative committees and divisions with jurisdiction​
606-19.5over housing on the findings and recommendations in paragraph (a).​
607-19.6 Subd. 7.Expiration.The task force expires the day following submission of the final​
608-19.7report under subdivision 6.​
609-19.8 EFFECTIVE DATE.This section is effective the day following final enactment.​
610-19​Article 3 Sec. 7.​
611-REVISOR MS H2445-1​HF2445 FIRST ENGROSSMENT​ Page.Ln 1.14​HOUSING BUDGET APPROPRIATIONS ..........................................ARTICLE 1​
612-Page.Ln 9.1​
613-BONDING AUTHORITY AND DEBT SERVICE​
614-APPROPRIATIONS...............................................................................ARTICLE 2​
615-Page.Ln 11.12​HOUSING POLICY...............................................................................ARTICLE 3​
616-1​
617-APPENDIX​
618-Article locations for H2445-1​ 16A.287 TRANSFER; HOUSING SUPPORT.​
619-In fiscal year 2025 and each year thereafter, the commissioner of management and budget must​
620-transfer $450,000 from the general fund to the housing support account, under section 462A.43.​
621-462A.43 HOUSING SUPPORT ACCOUNT.​
622-The commissioner of management and budget shall establish the housing support account in​
623-the special revenue fund for the deposit of certain funds provided by law. Money appropriated from​
624-the account by law must provide housing support for Minnesotans.​
625-1R​
626-APPENDIX​
627-Repealed Minnesota Statutes: H2445-1​
195+857,000​857,000​6.29Subd. 15.Homeownership Education,​
196+6.30Counseling, and Training​
197+6.31This appropriation is for the homeownership​
198+6.32education, counseling, and training program​
199+6.33under Minnesota Statutes, section 462A.209.​
200+645,000​645,000​6.34Subd. 16.Capacity Building Grants​
201+6​Sec. 2.​
202+REVISOR MS/CH 25-02021​02/26/25 ​ 7.1This appropriation is for capacity building​
203+7.2grants under Minnesota Statutes, section​
204+7.3462A.21, subdivision 3b.​
205+500,000​500,000​7.4Subd. 17.Build Wealth MN​
206+7.5This appropriation is for a grant to Build​
207+7.6Wealth Minnesota to provide a family​
208+7.7stabilization plan program including program​
209+7.8outreach, financial literacy education, and​
210+7.9budget and debt counseling.​
211+7.10Subd. 18.Availability and Transfer of Funds​
212+7.11Money appropriated in the first year in this​
213+7.12article is available the second year. The​
214+7.13commissioner may shift or transfer money in​
215+7.14the second year in subdivisions 2, 3, 4, 5, 12,​
216+7.1513, and 14 to address high-priority housing​
217+7.16needs.​
218+7​Sec. 2.​
219+REVISOR MS/CH 25-02021​02/26/25 ​