1.1 A bill for an act
1.2 relating to housing; establishing budget for Minnesota Housing Finance Agency;
1.3 making policy, finance, and technical changes to housing provisions; establishing
1.4 a task force on homeowners and commercial property insurance; removing certain
1.5 real property recording fees; transferring money; requiring a report; appropriating
1.6 money; amending Minnesota Statutes 2024, sections 327C.095, subdivision 12;
1.7 462A.051, subdivision 2; 462A.07, subdivision 19, by adding a subdivision;
1.8 462A.2095, subdivision 3; 462A.222, by adding a subdivision; 462A.33,
1.9 subdivisions 2, 9; 462A.40, subdivision 3; 507.18, subdivisions 5, 6; Laws 2023,
1.10 chapter 37, article 1, section 2, subdivisions 20, 21, 29, as amended; article 2,
1.11 section 10; proposing coding for new law in Minnesota Statutes, chapter 462A;
1.12 repealing Minnesota Statutes 2024, sections 16A.287; 462A.43.
1.13BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.14 ARTICLE 1
1.15 APPROPRIATIONS
1.16Section 1. APPROPRIATIONS.
1.17 The sums shown in the columns marked "Appropriations" are appropriated to the agency
1.18for the purposes specified in this article. The appropriations are from the general fund, or
1.19another named fund, and are available for the fiscal years indicated for each purpose. The
1.20figures "2026" and "2027" used in this article mean that the appropriations listed under them
1.21are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively. "The
1.22first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium" is
1.23fiscal years 2026 and 2027.
1.24 APPROPRIATIONS
1.25 Available for the Year
1.26 Ending June 30
20271.27 2026
1Article 1 Section 1.
S2298-3 3rd EngrossmentSF2298 REVISOR MS
SENATE
STATE OF MINNESOTA
S.F. No. 2298NINETY-FOURTH SESSION
(SENATE AUTHORS: PORT, Boldon, Clark and Putnam)
OFFICIAL STATUSD-PGDATE
Introduction and first reading70103/10/2025
Referred to Housing and Homelessness Prevention
Comm report: To pass as amended and re-refer to Finance1425a04/07/2025
Comm report: To pass as amended1741a04/10/2025
Second reading1784
Special Order: Amended3722a04/22/2025
Third reading Passed as amended3728 2.1Sec. 2. HOUSING FINANCE AGENCY
82,798,000$96,948,000$2.2Subdivision 1.Total Appropriation
2.3(a) The amounts that may be spent for each
2.4purpose are specified in the following
2.5subdivisions.
2.6(b) Unless otherwise specified, the
2.7appropriations for the programs in this section
2.8are appropriated and made available for the
2.9purposes of the housing development fund.
2.10Except as otherwise indicated, the amounts
2.11appropriated are part of the agency's
2.12permanent budget base.
2.13(c) Notwithstanding Minnesota Statutes,
2.14section 16B.98, subdivision 14, the
2.15commissioner must not use any amount of this
2.16total appropriation for administrative costs.
12,925,00012,925,0002.17Subd. 2.Challenge Program
2.18(a) This appropriation is for the economic
2.19development and housing challenge program
2.20under Minnesota Statutes, section 462A.33
2.21and 462A.07, subdivision 14.
2.22(b) Of this amount, $1,208,000 each year shall
2.23be made available during the first 11 months
2.24of the fiscal year exclusively for housing
2.25projects for American Indians. Any funds not
2.26committed to housing projects for American
2.27Indians within the annual consolidated request
2.28for funding processes may be available for
2.29any eligible activity under Minnesota Statutes,
2.30sections 462A.33 and 462A.07, subdivision
2.3114.
2Article 1 Sec. 2.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 2,000,0002,000,0003.1Subd. 3.Workforce Housing Development
3.2This appropriation is for the Greater
3.3Minnesota workforce housing development
3.4program under Minnesota Statutes, section
3.5462A.39. If requested by the applicant and
3.6approved by the agency, funded properties
3.7may include a portion of income and rent
3.8restricted units. Funded properties may include
3.9owner-occupied homes.
1,000,0001,000,0003.10Subd. 4.Manufactured Home Park
3.11Infrastructure Grants
3.12This appropriation is for manufactured home
3.13park infrastructure grants under Minnesota
3.14Statutes, section 462A.2035, subdivision 1b.
250,000250,0003.15Subd. 5.Workforce Homeownership Program
3.16This appropriation is for the workforce
3.17homeownership program under Minnesota
3.18Statutes, section 462A.38.
23,000,00023,000,0003.19Subd. 6.Rent Assistance Program
3.20This appropriation is for the rent assistance
3.21program under Minnesota Statutes, section
3.22462A.2095.
11,646,00011,646,0003.23Subd. 7.Housing Trust Fund
3.24This appropriation is for deposit in the housing
3.25trust fund account created under Minnesota
3.26Statutes, section 462A.201, and may be used
3.27for the purposes provided in that section.
2,750,0002,750,0003.28Subd. 8.Homework Starts with Home
3.29This appropriation is for the homework starts
3.30with home program under Minnesota Statutes,
3.31sections 462A.201, subdivision 2, paragraph
3.32(a), clause (4), and 462A.204, subdivision 8,
3.33to provide assistance to homeless families,
3Article 1 Sec. 2.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 4.1those at risk of homelessness, or highly mobile
4.2families.
5,338,0005,338,0004.3Subd. 9.Rental Assistance for Mentally Ill
4.4(a) This appropriation is for the rental housing
4.5assistance program for persons with a mental
4.6illness or families with an adult member with
4.7a mental illness under Minnesota Statutes,
4.8section 462A.2097. Among comparable
4.9proposals, the agency shall prioritize those
4.10proposals that target, in part, eligible persons
4.11who desire to move to more integrated,
4.12community-based settings.
4.13(b) Notwithstanding any law to the contrary,
4.14this appropriation may be used for risk
4.15mitigation funds, landlord incentives, or other
4.16costs necessary to decrease the risk of
4.17homelessness, as determined by the agency.
10,269,00020,419,0004.18Subd. 10.Family Homeless Prevention
4.19(a) This appropriation is for the family
4.20homeless prevention and assistance program
4.21under Minnesota Statutes, section 462A.204.
4.22(b) Notwithstanding any law to the contrary,
4.23this appropriation may be used for program
4.24costs necessary to decrease the risk of
4.25homelessness and improve the effectiveness
4.26of the program, as determined by the agency.
4.27(c) When a new grantee works with a current
4.28or former grantee in a given geographic area,
4.29a new grantee may work with either an
4.30advisory committee as required under
4.31Minnesota Statutes, section 462A.204,
4.32subdivision 6, or the local continuum of care
4.33and is not required to meet the requirements
4Article 1 Sec. 2.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 5.1of Minnesota Statutes, section 462A.204,
5.2subdivision 4.
885,000885,0005.3Subd. 11.Home Ownership Assistance Fund
5.4This appropriation is for the home ownership
5.5assistance program under Minnesota Statutes,
5.6section 462A.21, subdivision 8. The agency
5.7shall continue to strengthen its efforts to
5.8address the disparity gap in the
5.9homeownership rate between white
5.10households and indigenous American Indians
5.11and communities of color. To better
5.12understand and address the disparity gap, the
5.13agency is required to collect, on a voluntary
5.14basis, demographic information regarding
5.15race, color, national origin, and sex of
5.16applicants for agency programs intended to
5.17benefit homeowners and homebuyers.
4,218,0004,218,0005.18Subd. 12.Affordable Rental Investment Fund
5.19(a) This appropriation is for the affordable
5.20rental investment fund program under
5.21Minnesota Statutes, section 462A.21,
5.22subdivision 8b, to finance the acquisition,
5.23rehabilitation, and debt restructuring of
5.24federally assisted rental property and for
5.25making equity take-out loans under Minnesota
5.26Statutes, section 462A.05, subdivision 39.
5.27(b) The owner of federally assisted rental
5.28property must agree to participate in the
5.29applicable federally assisted housing program
5.30and to extend any existing low-income
5.31affordability restrictions on the housing for
5.32the maximum term permitted.
5.33(c) The appropriation also may be used to
5.34finance the acquisition, rehabilitation, and debt
5Article 1 Sec. 2.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 6.1restructuring of existing supportive housing
6.2properties and naturally occurring affordable
6.3housing as determined by the commissioner.
6.4For purposes of this paragraph, "supportive
6.5housing" means affordable rental housing with
6.6links to services necessary for individuals,
6.7youth, and families with children to maintain
6.8housing stability.
2,772,0002,772,000
6.9Subd. 13.Owner-Occupied Housing
6.10Rehabilitation
6.11(a) This appropriation is for the rehabilitation
6.12of owner-occupied housing under Minnesota
6.13Statutes, section 462A.05, subdivisions 14 and
6.1414a.
6.15(b) Notwithstanding any law to the contrary,
6.16grants or loans under this subdivision may be
6.17made without rent or income restrictions of
6.18owners or tenants. To the extent practicable,
6.19grants or loans must be made available
6.20statewide.
3,743,0003,743,0006.21Subd. 14.Rental Housing Rehabilitation
6.22(a) This appropriation is for the rehabilitation
6.23of eligible rental housing under Minnesota
6.24Statutes, section 462A.05, subdivision 14. In
6.25administering a rehabilitation program for
6.26rental housing, the agency may apply the
6.27processes and priorities adopted for
6.28administration of the economic development
6.29and housing challenge program under
6.30Minnesota Statutes, section 462A.33, and may
6.31provide grants or forgivable loans if approved
6.32by the agency.
6.33(b) Notwithstanding any law to the contrary,
6.34grants or loans under this subdivision may be
6.35made without rent or income restrictions of
6Article 1 Sec. 2.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 7.1owners or tenants. To the extent practicable,
7.2grants or loans must be made available
7.3statewide.
857,000857,0007.4Subd. 15.Homeownership Education,
7.5Counseling, and Training
7.6This appropriation is for the homeownership
7.7education, counseling, and training program
7.8under Minnesota Statutes, section 462A.209.
645,000645,0007.9Subd. 16.Capacity Building Grants
7.10This appropriation is for capacity building
7.11grants under Minnesota Statutes, section
7.12462A.21, subdivision 3b.
500,000500,0007.13Subd. 17.Build Wealth MN
7.14This appropriation is for a grant to Build
7.15Wealth Minnesota to provide a family
7.16stabilization plan program including program
7.17outreach, financial literacy education, and
7.18budget and debt counseling.
-0-2,000,000
7.19Subd. 18.Greater Minnesota Housing
7.20Infrastructure Grant Program
7.21This appropriation is for the greater Minnesota
7.22housing infrastructure grant program under
7.23Minnesota Statutes, section 462A.395. The
7.24base for this appropriation is $500,000 in fiscal
7.25year 2028 and each year thereafter.
-0-2,000,000
7.26Subd. 19.Community-Based First-Generation
7.27Homebuyers Down Payment Assistance
7.28Program
7.29This appropriation is for a grant to Midwest
7.30Minnesota Community Development
7.31Corporation (MMCDC), through its wholly
7.32owned subsidiary CDC Investments, Inc., for
7.33the community-based first-generation
7.34homebuyers down payment assistance
7Article 1 Sec. 2.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 8.1program under Minnesota Statutes, section
8.2462A.415. At the end of each biennium,
8.3MMCDC must remit any unused funds to the
8.4Minnesota Housing Finance Agency. Funds
8.5remitted to the agency under this subdivision
8.6are appropriated to the agency to administer
8.7the workforce and affordable homeownership
8.8development program under Minnesota
8.9Statutes, section 462A.38. The base for this
8.10appropriation is $450,000 in fiscal year 2028
8.11and each year thereafter.
8.12Subd. 20.Availability and Transfer of Funds
8.13Money appropriated in the first year in this
8.14article is available the second year. The
8.15commissioner may shift or transfer money in
8.16the second year in subdivisions 2, 3, 4, 5, 12,
8.1713, and 14 to address high-priority housing
8.18needs.
-0-$200,000$
8.19Sec. 3. LEGISLATIVE COORDINATING
8.20COMMISSION
8.21$200,000 the first year is to provide
8.22administrative support to the Task Force on
8.23Homeowners and Commercial Property
8.24Insurance established in article 2, section 18.
8.25This is a onetime appropriation.
8.26 Sec. 4. Laws 2023, chapter 37, article 1, section 2, subdivision 29, as amended by Laws
8.272024, chapter 127, article 14, section 11, is amended to read:
8.28 70,000,000
60,000,00045,000,0008.29Subd. 29.Community Stabilization
8.30(a) This appropriation is for the community
8.31stabilization program. This a onetime
8.32appropriation.
8.33(b) The first year and second year
8.34appropriations are available as follows:
8Article 1 Sec. 4.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 9.1(1) $10,000,000 is for a grant to AEON for
9.2Huntington Place;
9.3(2) notwithstanding Minnesota Statutes,
9.4sections 16B.98, subdivisions 5 and 12, and
9.516B.981, subdivision 2, $3,250,000 is for a
9.6grant to the Wilder Park Association to assist
9.7with the cost of a major capital repair project
9.8for the rehabilitation of portions of the
9.9owner-occupied senior high-rise facility. The
9.10grantee must verify that 50 percent of units
9.11are occupied by households with incomes at
9.12or below 60 percent of area median income;
9.13(3) $41,750,000 is for multiunit rental housing;
9.14and
9.15(4) $10,000,000 is for single-family housing;
9.16and
9.17(5) (4) $50,000,000 is for recapitalization of
9.18distressed buildings. Of this amount, up to
9.19$15,000,000 is for preservation or
9.20recapitalization of housing that includes
9.21supportive housing.
9.22(c) Notwithstanding Minnesota Statutes,
9.23section 16B.98, subdivision 14, the
9.24commissioner may use up to one percent of
9.25this appropriation for administrative costs for
9.26the grants in paragraph (b), clauses (1) and
9.27(2). This is a onetime appropriation.
9.28 EFFECTIVE DATE.This section is effective the day following final enactment.
9.29 Sec. 5. TRANSFER; HOUSING SUPPORT ACCOUNT.
9.30 The commissioner of management and budget must transfer any unencumbered balance
9.31from the housing support account under Minnesota Statutes, section 462A.43, to the general
9.32fund by June 15, 2025.
9.33 EFFECTIVE DATE.This section is effective the day following final enactment.
9Article 1 Sec. 5.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 10.1 Sec. 6. REPEALER.
10.2 (a) Minnesota Statutes 2024, section 16A.287, is repealed.
10.3 (b) Minnesota Statutes 2024, section 462A.43, is repealed.
10.4 EFFECTIVE DATE.Paragraph (a) is effective the day following final enactment.
10.5 ARTICLE 2
10.6 POLICY
10.7 Section 1. Minnesota Statutes 2024, section 327C.095, subdivision 12, is amended to read:
10.8 Subd. 12.Payment to the Minnesota manufactured home relocation trust fund.(a)
10.9If a manufactured home owner is required to move due to the conversion of all or a portion
10.10of a manufactured home park to another use, the closure of a park, or cessation of use of
10.11the land as a manufactured home park, the manufactured park owner shall, upon the change
10.12in use, pay to the Minnesota Housing Finance Agency for deposit in the Minnesota
10.13manufactured home relocation trust fund under section 462A.35, the lesser amount of the
10.14actual costs of moving or purchasing the manufactured home approved by the neutral third
10.15party and paid by the Minnesota Housing Finance Agency under subdivision 13, paragraph
10.16(a) or (e), or $3,250 for each single section manufactured home, and $6,000 for each
10.17multisection manufactured home, for which a manufactured home owner has made
10.18application for payment of relocation costs under subdivision 13, paragraph (c). The
10.19manufactured home park owner shall make payments required under this section to the
10.20Minnesota manufactured home relocation trust fund within 60 days of receipt of invoice
10.21from the neutral third party.
10.22 (b) A manufactured home park owner is not required to make the payment prescribed
10.23under paragraph (a), nor is a manufactured home owner entitled to compensation under
10.24subdivision 13, paragraph (a) or (e), if:
10.25 (1) the manufactured home park owner relocates the manufactured home owner to
10.26another space in the manufactured home park or to another manufactured home park at the
10.27park owner's expense;
10.28 (2) the manufactured home owner is vacating the premises and has informed the
10.29manufactured home park owner or manager of this prior to the mailing date of the closure
10.30statement under subdivision 1;
10.31 (3) a manufactured home owner has abandoned the manufactured home, or the
10.32manufactured home owner is not current on the monthly lot rental, personal property taxes;
10Article 2 Section 1.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 11.1 (4) the manufactured home owner has a pending eviction action for nonpayment of lot
11.2rental amount under section 327C.09, which was filed against the manufactured home owner
11.3prior to the mailing date of the closure statement under subdivision 1, and the writ of recovery
11.4has been ordered by the district court;
11.5 (5) the conversion of all or a portion of a manufactured home park to another use, the
11.6closure of a park, or cessation of use of the land as a manufactured home park is the result
11.7of a taking or exercise of the power of eminent domain by a governmental entity or public
11.8utility; or
11.9 (6) the owner of the manufactured home is not a resident of the manufactured home
11.10park, as defined in section 327C.015, subdivision 14; the owner of the manufactured home
11.11is a resident, but came to reside in the manufactured home park after the mailing date of
11.12the closure statement under subdivision 1; or the owner of the manufactured home has not
11.13paid the $15 assessment when due under paragraph (c).
11.14 (c) If the unencumbered fund balance in the manufactured home relocation trust fund
11.15is less than $2,000,000 as of June 30 of each year, the Minnesota Housing Finance Agency
11.16shall assess each manufactured home park owner by mail the total amount of $15 for each
11.17licensed lot in their park, payable on or before December 15 of that year. Failure to notify
11.18and timely assess the manufactured home park owner by July 31 of any year shall waive
11.19the assessment and payment obligations of the manufactured home park owner for that year.
11.20Together with said assessment notice, each year the Minnesota Housing Finance Agency
11.21shall prepare and distribute to park owners a letter explaining whether funds are being
11.22collected for that year, information about the collection, an invoice for all licensed lots, a
11.23notice for distribution to the residents, and a sample form for the park owners to collect
11.24information on which park residents and lots have been accounted for. The agency must
11.25also include information in the letter about the tax credit available for sales of manufactured
11.26home parks to cooperatives in section 290.0694 and about notice requirements for unsolicited
11.27sales in section 327C.097. The agency may include additional information in the letter about
11.28programs and resources available to manufactured home park residents and owners. In a
11.29font no smaller than 14-point, the notice provided by the Minnesota Housing Finance Agency
11.30for distribution to residents by the park owner will include the payment deadline of October
11.3131 and the following language: "THIS IS NOT AN OPTIONAL FEE. IF YOU OWN A
11.32MANUFACTURED HOME ON A LOT YOU RENT IN A MANUFACTURED HOME
11.33PARK, AND YOU RESIDE IN THAT HOME, YOU MUST PAY WHEN PROVIDED
11.34NOTICE." If assessed under this paragraph, the park owner may recoup the cost of the $15
11.35assessment as a lump sum or as a monthly fee of no more than $1.25 collected from park
11Article 2 Section 1.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 12.1residents together with monthly lot rent as provided in section 327C.03, subdivision 6. If,
12.2by September 15, a park owner provides the notice to residents for the $15 lump sum, a
12.3park owner may adjust payment for lots in their park that are vacant or otherwise not eligible
12.4for contribution to the trust fund under section 327C.095, subdivision 12, paragraph (b),
12.5and for park residents who have not paid the $15 assessment when due to the park owner
12.6by October 31, and deduct from the assessment accordingly. The Minnesota Housing Finance
12.7Agency shall deposit any payments in the Minnesota manufactured home relocation trust
12.8fund and maintain an annual record for each manufactured home park of the amount received
12.9for that park and the number of deductions made for each of the following reasons: vacant
12.10lots, ineligible lots, and uncollected fees.
12.11 (d) This subdivision and subdivision 13, paragraph (c), clause (5), are enforceable by
12.12the neutral third party, on behalf of the Minnesota Housing Finance Agency, or by action
12.13in a court of appropriate jurisdiction. The court may award a prevailing party reasonable
12.14attorney fees, court costs, and disbursements.
12.15Sec. 2. Minnesota Statutes 2024, section 462A.051, subdivision 2, is amended to read:
12.16 Subd. 2.Application.This section applies to all forms of financial assistance provided
12.17by the Minnesota Housing Finance Agency, as well as the allocation and award of federal
12.18low-income housing credits by all allocating agencies as defined under section 462A.221,
12.19for the development, construction, rehabilitation, renovation, or retrofitting of multiunit
12.20residential multifamily housing, including loans, grants, tax credits, loan guarantees, loan
12.21insurance, and other financial assistance.
12.22Sec. 3. Minnesota Statutes 2024, section 462A.07, subdivision 19, is amended to read:
12.23 Subd. 19.Report to the legislature.(a) By February 15 each year, the commissioner
12.24must submit a report to the chairs and ranking minority members of the legislative committees
12.25having jurisdiction over housing finance and policy containing the following information:
12.26 (1) the total number of applications for funding;
12.27 (2) the amount of funding requested;
12.28 (3) the amounts of funding awarded; and
12.29 (4) the number of housing units that are affected by funding awards, including the number
12.30of:
12.31 (i) newly constructed owner-occupied units;
12Article 2 Sec. 3.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 13.1 (ii) renovated owner-occupied units;
13.2 (iii) newly constructed rental units; and
13.3 (iv) renovated rental units.
13.4 (b) This reporting requirement applies to appropriations for competitive development
13.5programs made in Laws 2023 and in subsequent laws.
13.6 (c) By January 5 each year, the commissioner must report on the financial stability of
13.7the affordable housing industry. The report must include:
13.8 (1) the ratio of operating expenses to revenue in affordable rental housing projects; and
13.9 (2) the percent of rents collected on time, divided into four regions of the state:
13.10 (i) the cities of St. Paul and Minneapolis;
13.11 (ii) the metropolitan counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and
13.12Washington, except for the cities of St. Paul and Minneapolis;
13.13 (iii) urban greater Minnesota, including the cities of Duluth, Mankato, Moorhead,
13.14Rochester, and St. Cloud; and
13.15 (iv) rural greater Minnesota, which includes all of Minnesota except for the places listed
13.16in items (i), (ii), and (iii).
13.17Sec. 4. Minnesota Statutes 2024, section 462A.07, is amended by adding a subdivision to
13.18read:
13.19 Subd. 21.Affordable housing annual meeting.At least once each year, the
13.20commissioner must convene a meeting with the Interagency Council to End Homelessness
13.21and the cities and counties with high levels of cost-burdened households, meaning the cities
13.22and counties where gross rent or homeownership costs are 30 percent or more of household
13.23income. The purpose of the meeting is to discuss:
13.24 (1) resources received by cities and counties;
13.25 (2) regional needs for affordable housing; and
13.26 (3) recommendations for the collaborative use of funds to effectively address
13.27homelessness, housing insecurity, security of affordable housing, and the lack of housing
13.28supply.
13Article 2 Sec. 4.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 14.1 Sec. 5. Minnesota Statutes 2024, section 462A.2095, subdivision 3, is amended to read:
14.2 Subd. 3.Grants to program administrators.(a) The agency may make grants to
14.3program administrators to provide rental assistance for eligible households. Notwithstanding
14.4section 16C.06, the commissioner may use a formula to determine award amounts to program
14.5administrators. For both tenant-based and project-based assistance, program administrators
14.6shall pay assistance directly to housing providers. Rental assistance may be provided in the
14.7form of tenant-based assistance or project-based assistance. Notwithstanding the amounts
14.8awarded under subdivision 1, paragraph (b), and to the extent practicable, the agency must
14.9make grants statewide in proportion to the number of households eligible for assistance in
14.10each county according to the most recent American Community Survey of the United States
14.11Census Bureau. The agency may, at its discretion, redistribute unused or underutilized
14.12money among eligible program administrators to increase program efficiency and
14.13effectiveness.
14.14 (b) The program administrator may use its existing procedures to administer the rent
14.15assistance program or may develop alternative procedures with the goals of reaching
14.16households most in need and incentivizing landlord participation. The agency must approve
14.17a program administrator's alternative procedures. Priority for rental assistance shall be given
14.18to households with children 18 years of age and under, and annual incomes of up to 30
14.19percent of the area median income. Program administrators may establish additional priority
14.20populations based on local need.
14.21Sec. 6. Minnesota Statutes 2024, section 462A.222, is amended by adding a subdivision
14.22to read:
14.23 Subd. 5.Limitation on rental increases.A project awarded tax credits under this section
14.24must not increase rent in any 12-month period by a percentage exceeding the lesser of:
14.25 (1) the percent change in the Consumer Price Index for all urban consumers, as published
14.26by the Bureau of Labor Statistics of the Department of Labor, for the most recent 12-month
14.27period; or
14.28 (2) the percent change in the area median income levels for a household size of four
14.29between the current and previous calendar years.
14.30 EFFECTIVE DATE.This section is effective August 1, 2025, and applies to rent
14.31increases that take effect on or after that date.
14Article 2 Sec. 6.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 15.1 Sec. 7. Minnesota Statutes 2024, section 462A.33, subdivision 2, is amended to read:
15.2 Subd. 2.Eligible recipients.Challenge grants or loans may be made to a city,; a federally
15.3recognized American Indian Tribe or subdivision located in Minnesota,; a Tribal housing
15.4corporation,; a private developer,; a nonprofit organization,; a school district,; a cooperative
15.5unit, as defined in section 123A.24, subdivision 2,; a charter school,; a contract alternative
15.6school; a Tribal contract school; or the owner of the housing, including individuals. For the
15.7purpose of this section, "city" has the meaning given it in section 462A.03, subdivision 21.
15.8To the extent practicable, grants and loans shall be made so that an approximately equal
15.9number of housing units are financed in the metropolitan area and in the nonmetropolitan
15.10area.
15.11Sec. 8. Minnesota Statutes 2024, section 462A.33, subdivision 9, is amended to read:
15.12 Subd. 9.Grant funding to schools.A school district; a cooperative unit, as defined in
15.13section 123A.24, subdivision 2; or a charter school; a contract alternative school; or a Tribal
15.14contract school may receive funding under this section in the form of a grant less than
15.15$100,000. A school district,; intermediate district, or; charter school; contract alternative
15.16school; or Tribal contract school that uses a grant under this section to construct a home for
15.17owner occupancy must require the future occupant to participate in the homeownership
15.18education counseling and training program under section 462A.209.
15.19Sec. 9. Minnesota Statutes 2024, section 462A.40, subdivision 3, is amended to read:
15.20 Subd. 3.Eligible recipients; definitions; restrictions; use of funds.(a) The agency
15.21may award a grant or a loan to any recipient that qualifies under subdivision 2. The agency
15.22must not award a grant or a loan to a disqualified individual or disqualified business.
15.23 (b) For the purposes of this subdivision disqualified individual means:
15.24 (1) an individual who or an individual whose immediate family member made a
15.25contribution to the account in the current or prior taxable year and received a credit certificate;
15.26 (2) an individual who or an individual whose immediate family member owns the housing
15.27for which the grant or loan will be used;
15.28 (3) an individual who meets the following criteria:
15.29 (i) the individual is an officer or principal of a business entity; and
15.30 (ii) that business entity made a contribution to the account in the current or previous
15.31taxable year and received a credit certificate; or
15Article 2 Sec. 9.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 16.1 (4) an individual who meets the following criteria:
16.2 (i) the individual directly owns, controls, or holds the power to vote 20 percent or more
16.3of the outstanding securities of a business entity; and
16.4 (ii) that business entity made a contribution to the account in the current or previous
16.5taxable year and received a credit certificate.
16.6 (c) For the purposes of this subdivision disqualified business means a business entity
16.7that:
16.8 (1) made a contribution to the account in the current or prior taxable year and received
16.9a credit certificate;
16.10 (2) has an officer or principal who is an individual who made a contribution to the
16.11account in the current or previous taxable year and received a credit certificate; or
16.12 (3) meets the following criteria:
16.13 (i) the business entity is directly owned, controlled, or is subject to the power to vote 20
16.14percent or more of the outstanding securities by an individual or business entity; and
16.15 (ii) that controlling individual or business entity made a contribution to the account in
16.16the current or previous taxable year and received a credit certificate.
16.17 (d) For purposes of this subdivision, "immediate family" means the taxpayer's spouse,
16.18parent or parent's spouse, sibling or sibling's spouse, or child or child's spouse. For a married
16.19couple filing a joint return, the limitations in this subdivision apply collectively to the
16.20taxpayer and spouse.
16.21 (e) For purposes of this subdivision, "officer or principal" excludes an individual serving
16.22as a volunteer board member of a nonprofit organization governed by chapter 317A.
16.23 (e) (f) Before applying for a grant or loan, all recipients must sign a disclosure that the
16.24disqualifications under this subdivision do not apply. The Minnesota Housing Finance
16.25Agency must prescribe the form of the disclosure. The Minnesota Housing Finance Agency
16.26may rely on the disclosure to determine the eligibility of recipients under paragraph (a).
16.27 (f) (g) The agency may award grants or loans to a city as defined in section 462A.03,
16.28subdivision 21; a federally recognized American Indian tribe or subdivision located in
16.29Minnesota; a tribal housing corporation; a private developer; a nonprofit organization; a
16.30housing and redevelopment authority under sections 469.001 to 469.047; a public housing
16.31authority or agency authorized by law to exercise any of the powers granted by sections
16.32469.001 to 469.047; or the owner of the housing. The provisions of subdivision 2, and
16Article 2 Sec. 9.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 17.1paragraphs (a) to (e) (f) and (g) (h) of this subdivision, regarding the use of funds and eligible
17.2recipients apply to grants and loans awarded under this paragraph.
17.3 (g) (h) Except for projects receiving funding under section 462A.39, eligible recipients
17.4must use the funds to serve households that meet the income limits as provided in section
17.5462A.33, subdivision 5.
17.6 Sec. 10. [462A.415] COMMUNITY-BASED FIRST-GENERATION HOMEBUYERS
17.7DOWN PAYMENT ASSISTANCE PROGRAM.
17.8 Subdivision 1.Establishment.A community-based first-generation homebuyers down
17.9payment assistance program is established as a noncompetitive program under the
17.10administration of a community development financial institution (CDFI) as defined under
17.11the Riegle Community Development and Regulatory Improvement Act of 1994 to provide
17.12targeted assistance to eligible homebuyers.
17.13 Subd. 2.Administration.The community-based first-generation homebuyers down
17.14payment assistance program is available statewide and shall be administered by a designated
17.15central CDFI. The administering CDFI may originate and service funds and authorize other
17.16CDFIs, Tribal entities, and nonprofit organizations administering down payment assistance
17.17to reserve, originate, fund, and service funds for eligible homebuyers. Administrative costs
17.18must not exceed ten percent of the fiscal year appropriation.
17.19 Subd. 3.Eligible homebuyer.For purposes of this section, "eligible homebuyer" means
17.20an adult person:
17.21 (1) whose income is at or below 100 percent of the statewide median income at the time
17.22of application;
17.23 (2) who is preapproved for a first mortgage loan; and
17.24 (3)(i) who either never owned a home or who owned a home but lost it due to foreclosure;
17.25and
17.26 (ii) whose parent or prior legal guardian either never owned a home or owned a home
17.27but lost it due to foreclosure.
17.28The eligible homebuyer must complete an approved homebuyer education course prior to
17.29signing a purchase agreement and, following the purchase of the home, must occupy it as
17.30their primary residence.
17.31 Subd. 4.Use of funds.Assistance under this section is limited to ten percent of the
17.32purchase price of a one unit or two unit home, not to exceed $32,000. Beginning in fiscal
17Article 2 Sec. 10.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 18.1year 2027, the maximum amount of assistance may be increased to up to ten percent of the
18.2median home sales price as reported in the previous year's Minnesota Realtors Annual
18.3Report on the Minnesota Housing Market. Funds are reserved at the issuance of preapproval.
18.4Reservation of funds is not contingent on having an executed purchase agreement. The
18.5assistance must be provided in the form of a no-interest loan that is forgiven over five years,
18.6forgivable at a rate of 20 percent per year on the day after the anniversary date of the note,
18.7with the final 20 percent forgiven on the down payment assistance loan maturity date. There
18.8is no monthly pro rata or partial-year credit. The loan has no monthly payment and does
18.9not accrue interest. The prorated balance due is repayable if the property converts to
18.10nonowner occupancy, is sold, is subjected to an ineligible refinance, is subjected to an
18.11unauthorized transfer of title, or is subjected to a completed foreclosure action within the
18.12five-year loan term. Recapture can be waived in the event of financial or personal hardship.
18.13The administering CDFI may retain recaptured funds for assisting eligible homebuyers as
18.14provided in this section. Funds may be used for closing costs, down payment, or principal
18.15reduction. The eligible household may select any first mortgage lender or broker of their
18.16choice, provided that the funds are used in conjunction with a conforming first mortgage
18.17loan that is fully amortizing and meets the standards of a qualified mortgage or meets the
18.18minimum standards for exemption under Code of Federal Regulations, title 12, section
18.191026.43. Funds may be used in conjunction with other programs the eligible household may
18.20qualify for and the loan placed in any priority position.
18.21 Subd. 5.Report to legislature.By January 15 each year, the administering CDFI must
18.22report to the chairs and ranking minority members of the legislative committees with
18.23jurisdiction over housing finance and policy the following information:
18.24 (1) the number and amounts of loans closed;
18.25 (2) the mean and median loan amount;
18.26 (3) the number and amounts of loans issued by race or ethnic categories;
18.27 (4) the mean and median home purchase price;
18.28 (5) the interest rates and types of mortgages;
18.29 (6) the total amount returned to the fund;
18.30 (7) the number and amounts of loans issued by county;
18.31 (8) the number of each type of housing purchased, including but not limited to
18.32single-family houses, townhouses, condominiums, and manufactured housing; and
18Article 2 Sec. 10.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 19.1 (9) the mean and median price of each type of housing, including but not limited to
19.2single-family houses, townhouses, condominiums, and manufactured housing.
19.3 Sec. 11. Minnesota Statutes 2024, section 507.18, subdivision 5, is amended to read:
19.4 Subd. 5.Discharge of restrictive covenants related to protected classes.The owner
19.5of any interest in real property may record, at no cost, the statutory form provided in
19.6subdivision 6 in the office of the county recorder of any county where the real property is
19.7located to discharge and release a restrictive covenant related to a protected class permanently
19.8from the title. This subdivision does not apply to real property registered under chapters
19.9508 and 508A. The discharge of the restrictive covenant is valid and enforceable under the
19.10law of Minnesota when the statutory form provided in subdivision 6 is properly recorded,
19.11but the instrument containing such restrictive covenants shall have full force in all other
19.12respects and shall be construed as if no such restrictive covenant were contained therein. A
19.13restrictive covenant affecting a protected class is void regardless of whether a statutory form
19.14as provided for in this section has been recorded in the office of the county recorder in the
19.15county where the real property affected by the restrictive covenant is located.
19.16 EFFECTIVE DATE.This section is effective the day following final enactment.
19.17Sec. 12. Minnesota Statutes 2024, section 507.18, subdivision 6, is amended to read:
19.18 Subd. 6.Filing; recording.(a) The county recorder must accept the statutory form
19.19provided in this subdivision for recording when the form:
19.20 (1) has been executed before a notary;
19.21 (2) contains the legal description of the real property affected by the restrictive covenant
19.22related to a protected class;
19.23 (3) contains the date of recording of the instrument containing the restrictive covenant,
19.24and the volume and page number or document number of the instrument; and
19.25 (4) complies with all other recording requirements, and applicable recording fees have
19.26been paid.
19.27 (b) The commissioner of commerce must provide electronic copies of the statutory form
19.28in this subdivision to the public free of at no cost.
19.29 (c) The recording of this form does not alter or affect the duration or expiration of
19.30covenants, conditions, or restrictions under section 500.20 and may not be used to extend
19.31the effect of a covenant, condition, or restriction.
19Article 2 Sec. 12.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 20.1 (d) The statutory form that follows may be used to discharge restrictive covenants on
20.2property that limit the ownership, occupancy, use, or financing based on protected class:
20.3DISCHARGE OF RESTRICTIVE COVENANT AFFECTING PROTECTED CLASSES
20.4 Pursuant to Minnesota Statutes, section 507.18, any restrictive covenant affecting a
20.5protected class, including covenants which were placed on the real property with the intent
20.6of restricting the use, occupancy, ownership, or financing because of a person's race, color,
20.7creed, national origin, or religious beliefs, is discharged and released from the land described
20.8herein.
20.9 State of Minnesota, County of ....................
20.10 I/we, .............................................................................................., having an ownership
20.11or other interest in all or part of the real property described herein, solemnly swear that the
20.12contents of this form are true to the best of my/our knowledge, except as to those matters
20.13stated on information and belief, and that as to those matters I/we believe them to be true.
20.14 Name and Address of Owner(s) .............................................................................................
20.15 The real property owned by owner(s) is located in ................................. County,
20.16Minnesota, and is legally described as follows:
20.17 OWNER(s), ...................................................................................., swears and affirms
20.18that Owner(s) is/are 18 years of age or older and is/are not under any legal incapacity and
20.19that the information provided in this form is true and correct based on the information
20.20available and based on reasonable information and belief:
20.21 (1) a restrictive covenant which had the intent to restrict the use, occupancy, ownership,
20.22or financing of this property based on a protected class, including race, color, creed, national
20.23origin, or religion, existed at one time related to the property described in this form;
20.24 (2) the restrictive covenant is contained in an instrument dated ........................., and
20.25recorded as Document Number ....................... (or in Book ............... of .............., Page........)
20.26in the Office of the County Recorder of .................., Minnesota;
20.27 (3) restrictive covenants relating to or affecting protected classes are unenforceable and
20.28void pursuant to Minnesota Statutes, sections 507.18 and 363A.09, the United States
20.29Constitution, and the Minnesota Constitution;
20.30 (4) Minnesota Statutes, section 507.18, provides for the discharge of a restrictive covenant
20.31of the nature described herein through the use of this statutory form to permanently discharge
20Article 2 Sec. 12.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 21.1such covenants from the land described herein and release the current and future landowner(s)
21.2from any such restrictive covenant related to or affecting protected classes;
21.3 (5) the instrument containing such restrictive covenants shall have full force in all other
21.4respects and shall be construed as if no such restrictive covenant was contained therein; and
21.5 (6) the filing of this form does not alter or change the duration or expiration of covenants,
21.6conditions, or restrictions under Minnesota Statutes, section 500.20.
21.7 The affiant(s) know(s) the matters herein stated are true and make(s) this affidavit for
21.8the purpose of documenting the discharge of the illegal and unenforceable restrictive
21.9covenants affecting protected classes.
21.10 ............................................................................
21.11 Affiant (Owner(s) Signature)
21.12Signed and sworn before me on
21.13........................ (Date), by
21.14.......................................(Affiant/Owner)
21.15 ............................................................................
21.16 Signature of Notary
21.17Stamp
21.18My commission expires .........................
21.19 EFFECTIVE DATE.This section is effective the day following final enactment.
21.20Sec. 13. Laws 2023, chapter 37, article 1, section 2, subdivision 20, is amended to read:
-0-100,000,000
21.21Subd. 20.Community-Based First-Generation
21.22Homebuyers Down Payment Assistance
21.23This appropriation is for a grant to Midwest
21.24Minnesota Community Development
21.25Corporation (MMCDC) to act as the
21.26administrator of the community-based
21.27first-generation homebuyers down payment
21.28assistance program. The funds shall be
21.29available to MMCDC for a three-year period
21.30commencing with issuance of the funds to
21.31MMCDC. At the expiration of that period, any
21.32unused funds shall be remitted to the agency.
21.33Any funds recaptured by MMCDC after the
21.34expiration of that period shall be remitted to
21Article 2 Sec. 13.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 22.1the agency. Funds remitted to the agency
22.2under this paragraph are appropriated to the
22.3agency for administration of the
22.4first-generation homebuyers down payment
22.5assistance fund.
22.6 Sec. 14. Laws 2023, chapter 37, article 1, section 2, subdivision 21, is amended to read:
-0-4,800,00022.7Subd. 21.Local Housing Trust Fund Grants
22.8(a) This appropriation is for deposit in the
22.9housing development fund for grants to local
22.10housing trust funds established under
22.11Minnesota Statutes, section 462C.16, to
22.12incentivize local funding. This is a onetime
22.13appropriation.
22.14(b) A grantee is eligible to receive a grant
22.15amount equal to 100 percent of the public
22.16revenue committed to the local housing trust
22.17fund from any source other than the state or
22.18federal government, up to $150,000, and in
22.19addition, an amount equal to 50 percent of the
22.20public revenue committed to the local housing
22.21trust fund from any source other than the state
22.22or federal government that is more than
22.23$150,000 but not more than $300,000.
22.24(c) A grantee must use grant funds within eight
22.25five years of receipt for purposes (1)
22.26authorized under Minnesota Statutes, section
22.27462C.16, subdivision 3, and (2) benefiting
22.28households with incomes at or below 115
22.29percent of the state median income. A grantee
22.30must return any grant funds not used for these
22.31purposes within eight years of receipt to the
22.32commissioner of the Minnesota Housing
22.33Finance Agency for deposit into the housing
22.34development fund.
22Article 2 Sec. 14.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 23.1 Sec. 15. Laws 2023, chapter 37, article 2, section 10, is amended to read:
23.2 Sec. 10. HIGH-RISE SPRINKLER SYSTEM GRANT AND LOAN PROGRAM.
23.3 Subdivision 1.Definitions.(a) The definitions in this subdivision apply to this section.
23.4 (b) "Eligible building" means an existing residential building in which:
23.5 (1) at least one story used for human occupancy is the building is seven stories or more
23.6in height or 75 feet or more above the lowest level of fire department vehicle access; and
23.7 (2) at least two-thirds of its units are affordable to households with an annual income at
23.8or below 50 60 percent of the area median income as determined by the United States
23.9Department of Housing and Urban Development, adjusted for family size, that is paying
23.10no more than 30 percent of annual income on rent.
23.11 (c) "Sprinkler system" means the same as the term "fire protection system" as defined
23.12in Minnesota Statutes, section 299M.01.
23.13 Subd. 2.Grant program Use of funds.The commissioner of the Housing Finance
23.14Agency must make grants or loans to owners of eligible buildings for installation of sprinkler
23.15systems and, if necessary, for relocation of residents during the installation of sprinkler
23.16systems. Priority shall be given to nonprofit applicants. The maximum grant per eligible
23.17building shall be $2,000,000. Each grant to a nonprofit organization shall require a 25
23.18percent match. Each grant to a for-profit organization shall require a 50 percent match.
23.19Sec. 16. POLICY FRAMEWORK FOR TARGETED STABILIZATION OF
23.20REGULATED AFFORDABLE HOUSING.
23.21 (a) The commissioner of the Housing Finance Agency must work with affordable housing
23.22stakeholders, including the Interagency Stabilization Group, to develop a policy framework
23.23for targeted stabilization of affordable rental housing. In developing this framework, the
23.24commissioner must identify:
23.25 (1) strategies, tools, and funding mechanisms for targeted stabilization of affordable
23.26rental housing and recapitalization of distressed properties;
23.27 (2) potential improvements for regulatory relief for affordable rental housing providers
23.28and must implement these improvements where feasible;
23.29 (3) a specific plan for relief when an operator of permanent housing cannot identify and
23.30secure adequate service funding that matches the tenants' needs; and
23Article 2 Sec. 16.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 24.1 (4) a strategy with the commissioner of human services to integrate the awarding of state
24.2service dollars to permanent supportive housing so that state service dollars can accompany
24.3capital awards in the consolidated request for proposal process.
24.4 (b) The commissioner of the Housing Finance Agency must report quarterly to the
24.5Minnesota Housing Finance Agency Board of Directors on the policy framework,
24.6improvements implemented, and any potential changes to legislation that may be needed
24.7to support targeted stabilization of regulated affordable housing and recapitalization of
24.8distressed properties.
24.9 (c) By January 5, 2026, the commissioner of the Housing Finance Agency must report
24.10to the chairs and ranking minority members of the legislative committees having jurisdiction
24.11over housing finance and policy on the policy framework, improvements implemented, and
24.12any potential changes to legislation that may be needed to support targeted stabilization of
24.13regulated affordable housing and recapitalization of distressed properties.
24.14Sec. 17. INTERAGENCY STABILIZATION GROUP.
24.15 The commissioner of the Housing Finance Agency may convene regular meetings of
24.16public funders and affordable housing stakeholders to seek funding solutions that support
24.17the preservation and stabilization of affordable properties.
24.18Sec. 18. TASK FORCE ON HOMEOWNERS AND COMMERCIAL PROPERTY
24.19INSURANCE.
24.20 Subdivision 1.Establishment.A task force is established to evaluate issues and provide
24.21recommendations relating to insurance affordability of single-family housing and multifamily
24.22rental housing and for preventing disruptions or loss to the development, preservation, and
24.23long-term sustainability of Minnesota's housing infrastructure.
24.24 Subd. 2.Membership.(a) The task force consists of the following:
24.25 (1) one member appointed by the commissioner of commerce;
24.26 (2) one member appointed by the speaker of the house;
24.27 (3) one member appointed by the house minority leader;
24.28 (4) one member appointed by the senate majority leader;
24.29 (5) one member appointed by the senate minority leader;
24.30 (6) one member appointed by the Minnesota Consortium of Community Developers;
24Article 2 Sec. 18.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 25.1 (7) two members appointed by the Insurance Federation of Minnesota, one with expertise
25.2in homeowners insurance and one with expertise in commercial insurance;
25.3 (8) one member appointed by Big I Minnesota;
25.4 (9) one member appointed by the Minnesota Realtors;
25.5 (10) one member appointed by the Minnesota Community Development Financial
25.6Institutions Coalition;
25.7 (11) one member appointed by the Minnesota Homeownership Center;
25.8 (12) one member appointed by the Housing Justice Center;
25.9 (13) one member appointed by the Professional Insurance Agents of Minnesota;
25.10 (14) one member appointed by the Minnesota Bankers Association;
25.11 (15) one member appointed by the Minnesota Commercial Real Estate Association;
25.12 (16) one member appointed by the Minnesota Multi Housing Association; and
25.13 (17) one member appointed by Ceres with expertise in climate risk mitigation and
25.14insurance markets.
25.15 (b) The appointing authorities must make the appointments by August 15, 2025.
25.16 Subd. 3.Duties.(a) The task force must identify recommendations to strengthen and
25.17stabilize the homeowners and commercial property insurance industry.
25.18 (b) The task force must consult with the commissioner of the Housing Finance Agency,
25.19the commissioner of employment and economic development, other relevant state and local
25.20agencies, and key stakeholders in the insurance and housing industries.
25.21 (c) The task force must review:
25.22 (1) risk mitigation and property resilience to natural hazards, and the effect on insurance
25.23costs;
25.24 (2) the effect of liability laws on insurance costs and whether tort reform could reduce
25.25costs;
25.26 (3) minimum notice for coverage changes, including enforcement and oversight;
25.27 (4) public reporting of aggregated data relating to insurance plan costs and coverage;
25.28 (5) the reinsurance market for homeowners and commercial property insurance;
25Article 2 Sec. 18.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 26.1 (6) the current state-supported insurance program and the potential to expand the program
26.2to include a catastrophic reinsurance fund and a self-insured pool;
26.3 (7) factors that increase claim costs, including but not limited to post-loss contractors,
26.4fraudulent claims, climate, inflation, and discontinued building materials;
26.5 (8) regulatory factors that increase insurance costs or decrease access to insurance
26.6products; and
26.7 (9) other areas that would strengthen and stabilize the homeowners and commercial
26.8property insurance industry.
26.9 Subd. 4.Administration.The Legislative Coordinating Commission must provide
26.10administrative support to the task force. Upon request of the task force, the commissioners
26.11of commerce, the Housing Finance Agency, and employment and economic development
26.12must provide technical support and expertise.
26.13 Subd. 5.Meetings.(a) The Legislative Coordinating Commission must ensure the first
26.14meeting of the task force convenes no later than September 15, 2025, and must provide
26.15accessible physical or virtual meeting space as necessary for the task force to conduct work.
26.16 (b) At the first meeting, the task force must elect a chair or cochairs from those appointed
26.17by the house and senate by a majority vote of those members present and may elect a
26.18vice-chair as necessary.
26.19 (c) The task force must establish a schedule for meetings and must meet as necessary
26.20to accomplish the duties under subdivision 3.
26.21 (d) The task force is subject to Minnesota Statutes, chapter 13D.
26.22 Subd. 6.Report required.(a) The task force must submit a report to the commissioners
26.23of commerce, the Housing Finance Agency, and employment and economic development
26.24and the chairs and ranking minority members of the legislative committees having jurisdiction
26.25over the agencies listed in this paragraph by February 15, 2026.
26.26 (b) The report must:
26.27 (1) summarize the activities of the task force;
26.28 (2) provide findings and recommendations adopted by the task force;
26.29 (3) make recommendations related to tort reform that could reduce insurance costs;
26.30 (4) include any draft legislation required to implement recommendations; and
26.31 (5) include other information the task force believes is necessary to report.
26Article 2 Sec. 18.
S2298-3 3rd EngrossmentSF2298 REVISOR MS 27.1 Subd. 7.Expiration.The task force expires upon submission of the report required
27.2under subdivision 6.
27.3 EFFECTIVE DATE.This section is effective the day following final enactment.
27Article 2 Sec. 18.
S2298-3 3rd EngrossmentSF2298 REVISOR MS Page.Ln 1.14APPROPRIATIONS...............................................................................ARTICLE 1
Page.Ln 10.5POLICY..................................................................................................ARTICLE 2
1
APPENDIX
Article locations for S2298-3 16A.287 TRANSFER; HOUSING SUPPORT.
In fiscal year 2025 and each year thereafter, the commissioner of management and budget must
transfer $450,000 from the general fund to the housing support account, under section 462A.43.
462A.43 HOUSING SUPPORT ACCOUNT.
The commissioner of management and budget shall establish the housing support account in
the special revenue fund for the deposit of certain funds provided by law. Money appropriated from
the account by law must provide housing support for Minnesotans.
1R
APPENDIX
Repealed Minnesota Statutes: S2298-3