1.1 A bill for an act
1.2 relating to housing; transferring money to the housing development fund;
1.3 appropriating money for the manufactured home down payment assistance program
1.4 and the manufactured home park cooperative purchase program.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRANSFER; HOUSING DEVELOPMENT FUND.
1.7 $10,000,000 in fiscal year 2026 is transferred from the general fund to the housing
1.8development fund. This is a onetime transfer.
1.9 Sec. 2. APPROPRIATION; MANUFACTURED HOME DOWN PAYMENT
1.10ASSISTANCE PROGRAM.
1.11 $5,000,000 in fiscal year 2026 is appropriated from the housing development fund to
1.12the commissioner of the Housing Finance Agency for a grant to NeighborWorks Home
1.13Partners to fund and administer a manufactured home down payment assistance program
1.14and to fund the manufactured home financing product created under Laws 2023, chapter
1.1537, article 1, section 2, subdivision 25, as amended by Laws 2024, chapter 127, article 14,
1.16section 10. Money may be used in conjunction with other assistance that the eligible home
1.17buyer may qualify for and the loan placed in any priority position.
1.18 Sec. 3. APPROPRIATION; MANUFACTURED HOME PARK COOPERATIVE
1.19PURCHASE PROGRAM.
1.20 (a) $5,000,000 in fiscal year 2026 is appropriated from the housing development fund
1.21to the commissioner of the Housing Finance Agency for a grant to Northcountry Cooperative
1Sec. 3.
REVISOR MS/EN 25-0423403/04/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 2461
NINETY-FOURTH SESSION
Authored by Norris, Feist, Agbaje and Rehrauer03/17/2025
The bill was read for the first time and referred to the Committee on Housing Finance and Policy 2.1Foundation and its wholly controlled affiliated entities to leverage a loan fund to provide
2.2financial assistance for the conversion of manufactured home parks to cooperative ownership.
2.3 (b) Financial assistance may include direct loans, interest rate subsidy loans, loan
2.4guarantees, deferred or forgivable loans, or other loan structures that may facilitate the
2.5conversion to cooperative ownership and that may be placed in any priority position.
2.6 (c) A deed purchased with a loan under this section must contain a covenant running
2.7with the land requiring that the land be used as a manufactured home park for 30 years from
2.8the date of purchase.
2.9 (d) For the purposes of this section, the term "manufactured home" has the meaning
2.10given in Minnesota Statutes, section 327B.01, subdivision 13, and the term "manufactured
2.11home park" has the meaning given in Minnesota Statutes, section 327.14, subdivision 3.
2Sec. 3.
REVISOR MS/EN 25-0423403/04/25