Minnesota 2025-2026 Regular Session

Minnesota House Bill HF2461

Introduced

3/17/25

Refer

3/17/25

Caption

Housing development fund money transferred, and money appropriated for the manufactured home down payment assistance program and the manufactured home park cooperative purchase program.

Impact

The bill appropriates an additional $5 million from the housing development fund for a manufactured home down payment assistance program, which is aimed to assist eligible homeowners in purchasing manufactured homes. This initiative reflects an ongoing commitment by the state to address housing affordability and accessibility issues, particularly in the context of manufactured homes, which can provide a more affordable housing option for many.

Summary

HF2461 is a legislative bill aimed at enhancing housing support in Minnesota through financial mechanisms designed to assist with manufactured home purchases. The bill proposes to transfer $10 million from the state general fund to the housing development fund for the fiscal year 2026. This transfer is intended to bolster the financial resources available for housing developments specifically targeting manufactured home purchases and park conversions into cooperative ownership structures.

Contention

Another significant component of HF2461 is its provision for a manufactured home park cooperative purchase program. This section allows for the appropriation of $5 million to establish financial assistance mechanisms that facilitate the conversion of manufactured home parks to cooperative ownership models. Supporters argue that cooperative ownership empowers residents and enhances the stability of communities, while critics may raise concerns about the sustainability of such financial support and the long-term impacts on housing policies in Minnesota.

Companion Bills

MN SF2681

Similar To Manufactured home down payment assistance program and the manufacture home park cooperative purchase program appropriation

Previously Filed As

MN HF814

Manufactured home park redevelopment program modified, manufactured home park lending and purchase of manufactured home parks by cooperatives grant programs created, and money appropriated.

MN SF817

Manufactured home park redevelopment program modification; manufactured home park lending and the purchase of manufactured home parks by cooperatives grant programs establishment; appropriating money

MN HF3593

Down payment assistance program established for purchase of cooperative housing, affordable housing cooperative technical assistance program established, reports required, and money appropriated.

MN HF4253

First-time homebuyer down payment assistance program established, and money appropriated.

MN HF3210

Cooperative manufactured housing infrastructure grant program funding provided, bonds issued, and money appropriated.

MN SF3551

Affordable homeownership cooperative share assistance fund and technical assistance program creation and appropriations

MN HF12

First-generation homebuyers down payment assistance fund established under the administration of a central community development financial institution, report required, and money appropriated.

MN HF2585

Fee-based, first-time homebuyer home purchase financing program established; report required; and money appropriated.

MN HF1685

First-generation homebuyers down payment assistance fund established under the administration of a central community development financial institution, report required, and money appropriated.

MN SF3232

Cooperative manufactured housing infrastructure grant program bond issue and appropriation

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