SF 203

1st Engrossment - 94th Legislature (2025 - 2026)

Posted on 04/17/2026 09:30 a.m.

A bill for an act
relating to housing; authorizing the issuance of housing infrastructure bonds;
appropriating money; modifying eligible recipients for Minnesota housing tax
credit contributions; modifying housing aggregate bond limitation; modifying
certain income provisions; modifying meeting requirements for the housing finance
agency; modifying eligible projects for the greater Minnesota housing infrastructure
grant program; modifying certain expenditure provisions of the housing
development fund; repealing certain allowed expenditures for the housing finance
agency; modifying the operating costs report; providing standards for rent and
utility payments, fees, and charges in manufactured home parks; requiring certain
safety inspections; modifying provisions for sale of manufactured home parks;
modifying penalties; limiting private equity company ownership of single-family
homes; providing attorney general enforcement; amending Minnesota Statutes
2024, sections 327C.015, subdivision 13; 327C.03, subdivision 3; 327C.04,
subdivision 1, by adding a subdivision; 327C.06, subdivisions 1, 3; 327C.097;
327C.15; 462A.041; 462A.20, subdivisions 2, 3, 4, by adding a subdivision;
462A.21, subdivisions 10, 12a, by adding subdivisions; 462A.37, by adding a
subdivision; 462A.395, subdivision 3; 462A.40, subdivision 3; 474A.02,
subdivision 1a; Minnesota Statutes 2025 Supplement, section 462A.37, subdivision
5; proposing coding for new law in Minnesota Statutes, chapters 327C; 462A;
500; repealing Minnesota Statutes 2024, sections 327C.096; 462A.21, subdivisions
3b, 5, 23, 26.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2024, section 327C.015, subdivision 13, is amended to read:

Subd. 13.

Representative acting on behalf of residents.

"Representative acting on
behalf of residents" means a representative who is authorized to represent residents in the
purchase of property for the purposes of this chapter, and has gained that authorization by
obtaining the signature of support from at least one resident who is a homeowner-signatory
to the home's lot lease agreement as defined by subdivision 14, from deleted text begin at least 51 deleted text end new text begin greater than
50 new text end percent of the deleted text begin occupied deleted text end homes new text begin occupied by the owner of the home or an adult family
member of the owner new text end in a manufactured home park. The signature of a resident who is a
signatory to the home's lot lease agreement asserting that they are a resident of that
manufactured home park shall be presumptive evidence of the claim that the representative
is authorized to act on behalf of the resident and shall be exclusive to only one representative
acting on behalf of residents. new text begin A homeowner may indicate support for proposing a purchase
agreement by signing a petition or other document that states support for proposing a
purchase agreement.
new text end

Sec. 2.

Minnesota Statutes 2024, section 327C.03, subdivision 3, is amended to read:

Subd. 3.

Rent.

All periodic rental payments charged to residents by the park owner shall
be uniform throughout the park, except that a higher rent may be charged to a particular
resident due to the larger size or location of the lot, or the special services or facilities
furnished by the park. A park owner may charge a reasonable fee for delinquent rent where
the fee is provided for in the rental agreement new text begin , except in no case may the fee exceed eight
percent of the delinquent rent payment new text end . The fee shall be enforceable as part of the rent owed
by the resident. No park owner shall charge to a resident any fee, whether as part of or in
addition to the periodic rental payment, which is based on the number of persons residing
or staying in the resident's home, the number or age of children residing or staying in the
home, the number of guests staying in the home, the size of the home, the fact that the home
is temporarily vacant or the type of personal property used or located in the home. The park
owner may charge an additional fee for pets owned by the resident, but the fee may not
exceed $4 per pet per month. This subdivision does not prohibit a park owner from abating
all or a portion of the rent of a particular resident with special needs.

Sec. 3.

Minnesota Statutes 2024, section 327C.04, subdivision 1, is amended to read:

Subdivision 1.

Billing permitted.

A park owner who either provides utility service
directly to residents or who redistributes to residents utility service provided to the park
owner by a utility provider may charge the residents for that service, only if the charges
comply with this section. new text begin A park owner may not charge residents for costs of repairs by
utility providers or for costs imposed by utility providers for services provided in response
to reports of interruptions of utilities.
new text end

Sec. 4.

Minnesota Statutes 2024, section 327C.04, is amended by adding a subdivision to
read:

new text begin Subd. 7. new text end

new text begin Itemized billing required. new text end

new text begin A park owner must provide an itemized bill
separately that clearly labels each service or item charged to the resident.
new text end

Sec. 5.

new text begin [327C.041] ACCESS BY UTILITY PROVIDERS.
new text end

new text begin In a park where residents receive utilities from a utility provider, either directly or through
redistribution by the park owner, the park owner must not deny access to a utility provider
seeking access for the purposes of repairing faulty or defective utility equipment or
investigating reports of an interruption of utilities. A resident may provide a utility provider
access to the park for these purposes.
new text end

Sec. 6.

new text begin [327C.051] HABITABILITY COVENANTS REGARDING TREES THAT
PRESENT SAFETY HAZARDS.
new text end

new text begin (a) Park owner covenants under section 504B.161 include the trimming and care of trees
and the removal of unsound trees when the trees present safety hazards.
new text end

new text begin (b) Within 14 days of receiving written notice from a resident that a tree or branch
presents a safety hazard, the park owner must either:
new text end

new text begin (1) remove the tree or branch; or
new text end

new text begin (2) receive an opinion on the safety of the tree or branch from an arborist who has
inspected the tree or branch in person.
new text end

new text begin (c) If an arborist advises that a tree or branch presents a safety hazard, the park owner
must remove the tree or branch within five days of inspection by the arborist, unless the
arborist advises that it is not the appropriate season for removing the tree or branch. If an
arborist advises that a tree or branch presents a safety hazard but that it is not the appropriate
season for removing the tree or branch, the owner must schedule the removal to take place
during the appropriate season and must provide written notice to the resident of the scheduled
date of removal and of the reason for the delay.
new text end

Sec. 7.

Minnesota Statutes 2024, section 327C.06, subdivision 1, is amended to read:

Subdivision 1.

Notice of rent increases required.

No increase in the amount of the
periodic rental payment due from a resident shall be valid unless the park owner gives the
resident 60 days' written notice of the increase. new text begin The notice must include the park owner's
reason for the rent increase.
new text end

Sec. 8.

Minnesota Statutes 2024, section 327C.06, subdivision 3, is amended to read:

Subd. 3.

Rent increases limited.

A park owner may impose only deleted text begin two deleted text end new text begin one new text end rent deleted text begin increases deleted text end new text begin
increase new text end on a resident in any 12-month period. new text begin A rent increase must be reasonable. A rent
increase may be challenged as unreasonable if the percentage of the increase exceeds three
percent of the rent per month in the prior year. A park owner may prove a rent increase is
reasonable by a preponderance of the evidence that the increase is necessary for the health
and safety of the residents, or to offset documented increases in operational or capital costs,
and special, levied, or pending taxes of the manufactured home park. A rent increase
approved by a resident-owned cooperative or corporation formed under chapter 308A, 308B,
308C, or 317A, is presumptively reasonable and is not subject to the limitation of one
increase in any 12-month period under this subdivision.
new text end

Sec. 9.

new text begin [327C.065] PAYMENT OF RENT; DIGITAL PAYMENT PLATFORMS.
new text end

new text begin Subdivision 1. new text end

new text begin Application. new text end

new text begin This section applies to park owners who require or permit
residents to use a digital payment platform to pay rent, fees, and other charges.
new text end

new text begin Subd. 2. new text end

new text begin Definitions. new text end

new text begin (a) For purposes of this section, the following terms have the
meanings given.
new text end

new text begin (b) "Alternative means of payment" means a method of payment other than the use of
a digital payment platform and includes payment by check or cash.
new text end

new text begin (c) "Digital payment platform" means an electronic application or system that permits
a user to conduct financial transactions. Digital payment platform includes electronic funds
transfers.
new text end

new text begin (d) "Electronic funds transfer" means a transfer of funds, other than a transaction
originated by check, draft, or similar paper instrument, that is initiated through an electronic
terminal, telephone, computer, or magnetic tape for the purpose of ordering, instructing, or
authorizing a financial institution to debit or credit a consumer's account through the use of
an automated clearing house system or alternative payment system.
new text end

new text begin Subd. 3. new text end

new text begin Form of payment. new text end

new text begin A park owner must offer each resident an alternative to
using a digital payment platform to pay rent, fees, or other charges. No fee may be charged
to a resident to use the digital payment platform or any alternative means of payment.
new text end

new text begin Subd. 4. new text end

new text begin Digital payment platform. new text end

new text begin (a) The park owner must ensure that an itemized
list of all current information on the rent, fees, or other charges assessed that correspond to
the charges for which the resident is responsible, and all payments received, are readily
viewable and accessible to the resident on a digital payment platform or through a means
that does not rely on the use of the digital payment platform.
new text end

new text begin (b) A park owner must provide the resident with a telephone number to call if, for any
reason, the digital payment platform or a system used by the park owner to collect an
alternative means of payment is unavailable for use by the resident.
new text end

new text begin Subd. 5. new text end

new text begin Adverse action prohibited. new text end

new text begin (a) A park owner is prohibited from taking any
adverse action, including filing an eviction action or assessing any late fees, when payment
of rent, fees, or other charges is not timely because a digital payment platform is out of
service or a system used by the park owner to collect an alternative means of payment is
unavailable.
new text end

new text begin (b) It is an affirmative defense to an eviction action brought based on nonpayment that
the park owner violated this section. Upon a showing that the park owner violated this
section, the court must dismiss the eviction action and award the resident reasonable attorney
fees and any other equitable relief the court deems appropriate.
new text end

Sec. 10.

Minnesota Statutes 2024, section 327C.097, is amended to read:

327C.097 NOTICE deleted text begin OF UNSOLICITED SALE deleted text end new text begin AND OPPORTUNITY TO
PURCHASE new text end .

Subdivision 1.

deleted text begin Definitions deleted text end new text begin Definition new text end .

For the purposes of this section, "nonprofit"
means a nonprofit organization under chapter 317A.

Subd. 2.

Scope.

new text begin (a) new text end This section does not apply to:

deleted text begin (1) a purchase of a manufactured home park by a nonprofit or a representative acting
on behalf of residents pursuant to a bona fide offer to purchase the park pursuant to
subdivision 4;
deleted text end

deleted text begin (2) deleted text end new text begin (1) new text end a purchase of a manufactured home park by a governmental entity under its
powers or threat of eminent domain;

deleted text begin (3) deleted text end new text begin (2) new text end a transfer by a corporation or limited liability company to an affiliate, including
any shareholder or member of the transferring corporation; any corporation or entity owned
or controlled, directly or indirectly, by the transferring corporation; or any other corporation
or entity owned or controlled, directly or indirectly, by any shareholder or member of the
transferring corporation;

deleted text begin (4) deleted text end new text begin (3) new text end a transfer by a partnership to any of its partners;

deleted text begin (5) deleted text end new text begin (4) new text end a sale or transfer between or among joint tenants or tenants in common owning
a manufactured home park;

deleted text begin (6) an exchange of a manufactured home park for other real property, whether or not
such exchange also invoices the payment of cash or boot;
deleted text end

deleted text begin (7) deleted text end new text begin (5) new text end a conveyance of an interest in a manufactured home park incidental to the
financing of the manufactured home park;

deleted text begin (8) deleted text end new text begin (6) new text end a conveyance resulting from the foreclosure of a mortgage, cancellation of a
contract for deed, or other instrument encumbering a manufactured home park or any deed
given in lieu of such foreclosure or cancellation; new text begin or
new text end

deleted text begin (9) deleted text end deleted text begin a sale or transfer to a person who would be included within the intestate table of
deleted text end deleted text begin descent and distribution of the park owner deleted text end deleted text begin ; or
deleted text end

new text begin (7) a sale or transfer to:
new text end

new text begin (i) the park owner's spouse, child, or parent;
new text end

new text begin (ii) the grandparent of the park owner or the owner's spouse; or
new text end

new text begin (iii) a descendant of a person listed in item (i) or (ii).
new text end

deleted text begin (10) a park owner who, within the past year, has provided written notice pursuant to
section 327C.096.
deleted text end

new text begin (b) To qualify for an exemption under this subdivision, a transaction must be made in
good faith for a legitimate business purpose or a legitimate familial purpose consistent with
the exemptions listed in paragraph (a) of this subdivision, and must not be made for the
primary purpose of avoiding the opportunity-to-purchase provisions set forth in this
subdivision. Creation of an affiliate, shareholder, partnership, or joint tenancy relationship
after a purchase or sale of a manufactured home community has been proposed or discussed
shall be presumptive evidence of bad faith.
new text end

Subd. 3.

Notice of deleted text begin offer deleted text end new text begin sale new text end .

deleted text begin (a) If a park owner receives an unsolicited bona fide offer
to purchase the park that the park owner intends to consider or make a counteroffer to, the
park owner's only obligation shall be to mail a notice to the Minnesota Housing Finance
Agency, by certified mail, and to each park resident household, by regular mail. The notice
must indicate that the park owner has received an offer that it is considering, and it must
disclose the price range and material terms and conditions upon which the park owner would
consider selling the park and consider any offer made by a representative acting on behalf
of residents or a nonprofit that will become a representative acting on behalf of residents,
as provided below. The park owner shall be under no obligation either to sell to the nonprofit
or representative acting on behalf of residents or to interrupt or delay other negotiations and
shall be free to execute a purchase agreement or contract for the sale of the park to a party
or parties other than the representative acting on behalf of residents. Substantial compliance
with the notice requirement in this paragraph shall be deemed sufficient.
deleted text end

deleted text begin (b) The Minnesota Housing Finance Agency must, within five days of receipt of the
notice required under paragraph (a), distribute a copy of the notice to any representative
acting on behalf of residents and to any nonprofits that register with the agency to receive
such notices. The agency shall make a list of any representatives acting on behalf of residents
and any registered nonprofits publicly available on its website.
deleted text end

new text begin (a) No park owner may accept any offer for the sale, lease, or transfer of a manufactured
home park to any person other than the representative acting on behalf of residents without
first giving 60 days' written notice by certified mail, return receipt requested, of the proposed
sale, lease, or transfer to:
new text end

new text begin (1) each resident of the manufactured home park; and
new text end

new text begin (2) the Minnesota Housing Finance Agency.
new text end

new text begin (b) The notice required under this subdivision must be dated and indicate the price,
terms, and conditions of an acceptable offer the park owner has received to sell, lease, or
transfer the manufactured home park. In the case of a proposed sale in a single transaction
of more than one manufactured home park or of a manufactured home park together with
one or more other unrelated properties, the notice must state both the aggregate price for
the transaction and the price attributable to the manufactured home park in which the
residents receiving the notice reside. The notice must include the following verbatim
statement: "The park owner has received and is prepared to accept an outside offer to [sell,
lease, transfer] this park. The price, terms, and conditions of the offer are listed below.
Before accepting the offer for the [sale, lease, transfer], the park owner will consider any
offer submitted within 60 days of the date of this notice by a representative acting on behalf
of residents. The owner will negotiate in good faith with the representative. [List of price,
terms, and conditions.] The nonprofit organizations listed at [a website designated by
Minnesota Housing Finance Agency] provide assistance to residents who want to evaluate
the possibility of purchasing their park."
new text end

new text begin (c) During the period of 60 days following the date of the notice required under this
subdivision, a representative acting on behalf of residents may request and a park owner
must within three days of the request send electronically or by certified mail, return receipt
requested, a copy of:
new text end

new text begin (1) the offer to sell, lease, or transfer the manufactured home park that the park owner
is prepared to accept;
new text end

new text begin (2) the total income collected from the park and related profit centers, including storage
and laundry, in the calendar year before delivery of the notice required under this subdivision;
new text end

new text begin (3) the total operating expenses for the park paid by the owner or landlord in the calendar
year before delivery of the notice required under this subdivision;
new text end

new text begin (4) the cost of all utilities for the park that were paid by the owner in the calendar year
before delivery of the notice required under this subdivision;
new text end

new text begin (5) the annual cost of all insurance policies for the park that were paid by the owner, as
shown by the most recent premium;
new text end

new text begin (6) the number of homes in the park owned by the owner; and
new text end

new text begin (7) the number of vacant spaces and homes in the park.
new text end

new text begin (d) The park owner may designate all or part of the financial information provided
pursuant to this section as confidential, in which case the park owner must establish, in
cooperation with the representative acting on behalf of residents, a list of persons with whom
the representative acting on behalf of residents may share the information, including but
not limited to any of the following:
new text end

new text begin (1) one or more members of a resident committee that is working with the representative
acting on behalf of residents to evaluate the possibility of purchasing the manufactured
home park;
new text end

new text begin (2) a nonprofit organization or a housing authority;
new text end

new text begin (3) an attorney or other licensed professional or adviser; and
new text end

new text begin (4) a financial institution.
new text end

new text begin (e) A park owner may enter into an agreement to sell, lease, or transfer a manufactured
home park prior to providing the notice and purchase opportunity required under subdivisions
3 through 8, provided that the agreement is expressly conditioned upon compliance with
those notice and purchase opportunity requirements.
new text end

Subd. 4.

deleted text begin Unsolicited deleted text end new text begin Residents' new text end offer new text begin to purchase new text end .

deleted text begin Nothing contained in this section
or section 327C.096 shall prevent a representative acting on behalf of residents or a nonprofit
from making an unsolicited bona fide offer to purchase the manufactured home park to the
park owner at any time.
deleted text end

new text begin (a) A representative acting on behalf of residents may submit a written offer to the park
owner to purchase the manufactured home park, subject to the conditions required under
subdivision 7. The offer must be submitted within 60 days of the postmark date of the notice
required under subdivision 3.
new text end

new text begin (b) If a representative acting on behalf of residents makes an offer pursuant to paragraph
(a) of this subdivision, the park owner must consider the offer and negotiate with the
representative acting on behalf of residents in good faith.
new text end

new text begin (c) If the owner rejects the offer of a representative acting on behalf of residents, the
owner must provide written notice to the representative of, and an explanation of the reasons
for, rejection of the offer.
new text end

new text begin (d) The notice of rejection must be sent electronically or by certified mail, return receipt
requested, to the representative acting on behalf of residents within five days of receipt of
the offer from the representative acting on behalf of residents. No owner may make a final,
unconditional acceptance of an offer for the sale, lease, or transfer of a manufactured home
park earlier than the 15th day following the delivery date of the notice of rejection.
new text end

new text begin (e) The purchase agreement must permit the representative acting on behalf of residents
a commercially reasonable due diligence period of no fewer than 90 days from the date of
the agreement to arrange all necessary financing and a commercially reasonable period of
time to close on the sale. During the due diligence period, the park owner must provide the
same information and access to the park as it would have provided to any other prospective
purchaser, which may be subject to a commercially reasonable confidentiality agreement.
A community owner shall not reject a proposed purchase agreement solely on the basis that
the agreement includes a financing contingency.
new text end

new text begin Subd. 5. new text end

new text begin Optional recording. new text end

new text begin (a) A park owner may record with the county recorder or
registrar of titles in the county where the park is located an affidavit, with a copy of the
notice required under subdivision 3 attached, attesting that:
new text end

new text begin (1) the park owner has complied with the requirements of this section; or
new text end

new text begin (2) the sale, lease, or transfer of the manufactured home park is exempt from this section
pursuant to subdivision 2.
new text end

new text begin (b) An affidavit filed in accordance with this subdivision shall be presumptive evidence
of compliance for purposes of conveying good title to a bona fide purchaser.
new text end

new text begin (c) A representative acting on behalf of residents who makes an offer to purchase the
park as provided under subdivision 4 may record notice of the offer in the county recorder's
office.
new text end

new text begin Subd. 6. new text end

new text begin Good faith obligations. new text end

new text begin All transactions governed by, and all actions taken
pursuant to, this section must be conducted in good faith.
new text end

new text begin Subd. 7. new text end

new text begin Challenge to petition. new text end

new text begin In any action challenging the validity of the signatories
of the petition authorizing a representative acting on behalf of residents to represent residents
in negotiations to purchase a manufactured home park, there shall be a rebuttable presumption
that the challenged party's signature is sufficient evidence that the party is a valid signatory.
new text end

new text begin Subd. 8. new text end

new text begin List of interested organizations. new text end

new text begin The Minnesota Housing Finance Agency
must:
new text end

new text begin (1) within three business days of receipt of a notice received under subdivision 3,
distribute a copy of the notice to nonprofit organizations that register with the Minnesota
Housing Finance Agency to receive such notices; and
new text end

new text begin (2) make the list of nonprofit organizations that have registered to receive notice publicly
available on the Minnesota Housing Finance Agency website.
new text end

Sec. 11.

Minnesota Statutes 2024, section 327C.15, is amended to read:

327C.15 REMEDIES; PENALTIES; ENFORCEMENT.

new text begin (a) new text end Any violation of sections 327C.015 to 327C.14 is a violation of a law referred to in
section 8.31, subdivision 1.

new text begin (b) A park owner that violates sections 327C.015 to 327C.14 is liable for:
new text end

new text begin (1) actual, incidental, and consequential damages sustained by the resident as a result
of the violation;
new text end

new text begin (2) injunctive relief as determined by the court;
new text end

new text begin (3) equitable relief a court considers just and reasonable in the circumstances; and
new text end

new text begin (4) in the case of any successful action, the cost of the action and reasonable attorney
fees as determined by the court.
new text end

new text begin (c) The remedies provided under this section are cumulative, not exclusive, and do not
restrict any remedy that is otherwise available to a plaintiff at law or in equity.
new text end

Sec. 12.

Minnesota Statutes 2024, section 462A.041, is amended to read:

462A.041 MEETINGS BY TELEPHONE OR OTHER ELECTRONIC MEANS.

(a) deleted text begin Notwithstanding sections 13D.01 and 13D.02, deleted text end The Housing Finance Agency may
conduct a meeting of its members by deleted text begin telephone or other electronic means deleted text end new text begin interactive
technology new text end so long as the following conditions are met:

(1) all members of the agency participating in the meeting, wherever their physical
location, can hear one another and can hear all discussion and testimony;

(2) members of the public present at the regular meeting location of the agency can hear
all discussion and testimony and all votes of members of the agency;

(3) at least one member of the agency, the commissioner, the deputy commissioner, or
an attorney for the agency is physically present at the regular meeting location; and

(4) all votes are conducted by roll call, so each member's vote on each issue can be
identified and recorded.

(b) Each member of the agency participating in a meeting by deleted text begin electronic means deleted text end new text begin interactive
technology new text end is considered present at the meeting for purposes of determining a quorum and
participating in all proceedings.

(c) If deleted text begin telephone or another electronic means deleted text end new text begin interactive technology new text end is used to conduct a
meeting, the agency to the extent practical, shall allow a person to monitor the meeting
electronically from a remote location. deleted text begin The agency may require the person making such a
connection to pay for documented marginal costs that the agency incurs as a result of the
additional connection. deleted text end new text begin Meetings must be made available on a website for live video streaming
and be archived on a website for playback at a later time.
new text end

(d) If deleted text begin telephone or another electronic means deleted text end new text begin interactive technology new text end is used to conduct a
regular, special, or emergency meeting, the agency shall provide notice of the regular meeting
location, of the fact that some members may participate by deleted text begin electronic means deleted text end new text begin interactive
technology new text end , and of the provisions of paragraph (c). The timing and method of providing
notice is governed by section 13D.04.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective August 1, 2026.
new text end

Sec. 13.

Minnesota Statutes 2024, section 462A.20, subdivision 2, is amended to read:

Subd. 2.

Which money in fund.

There shall be paid into the housing development fund:

(1) any moneys appropriated new text begin before July 1, 2027, new text end and made available by the state for
the purposes of the fund;

new text begin (2) any moneys transferred into on or after July 1, 2027, and made available by the state
for the purposes of the fund;
new text end

deleted text begin (2) deleted text end new text begin (3) new text end any moneys which the agency receives in repayment of advances made from the
fund;

deleted text begin (3) deleted text end new text begin (4) new text end any other moneys which may be made available to the agency for the purpose of
the fund from any other source or sources;

deleted text begin (4) deleted text end new text begin (5) new text end all fees and charges collected by the agency;

deleted text begin (5) deleted text end new text begin (6) new text end all interest or other income not required by the provisions of a resolution or
indenture securing notes or bonds to be paid into another special fund.

Sec. 14.

Minnesota Statutes 2024, section 462A.20, subdivision 3, is amended to read:

Subd. 3.

Separate accounts; transfers; limits.

Whenever any money is appropriated
by the state to the agency solely for a specified purpose or purposes, the agency shall establish
a separate bookkeeping account or accounts in the housing development fund to record the
receipt and disbursement of such money and of the income, gain, and loss from the
investment and reinvestment thereof. Earnings from investment of any amounts appropriated
by the state to the agency for a specified purpose or purposes may be aggregated. The costs
and expenses necessary and incidental to the development and operation of all programs
funded by state appropriations may be paid from the aggregated earnings from investments
prior to periodic distributions of earnings to separate accounts to be used for the same
purpose as the respective original appropriation. The agency may transfer unencumbered
balances from one appropriated account to another, provided that no money appropriated
for the purpose of agency loan programs may be transferred to an account to be used for
making grants, except that money appropriated for the purpose of section 462A.05,
subdivision 14a, may be transferred for the purpose of section 462A.05, subdivision 15a.
new text begin This subdivision applies to appropriations made before July 1, 2027.
new text end

Sec. 15.

Minnesota Statutes 2024, section 462A.20, is amended by adding a subdivision
to read:

new text begin Subd. 3a. new text end

new text begin Separate accounts; transfers; limits. new text end

new text begin Whenever any money is appropriated
from the housing development fund by the state to the agency solely for a specified purpose
or purposes, the agency shall establish a separate bookkeeping account or accounts in the
housing development fund to record the receipt and disbursement of such money and of the
income, gain, and loss from the investment and reinvestment thereof. Earnings from
investment of any amounts appropriated by the state from the housing development fund
to the agency for a specified purpose or purposes may be aggregated. The costs and expenses
necessary and incidental to the development and operation of all programs funded by state
appropriations may be paid from the aggregated earnings from investments from the housing
development fund prior to periodic distributions of earnings to separate accounts to be used
for the same purpose as the respective original appropriation. The agency may transfer
unencumbered balances from one appropriated account to another, provided that no money
appropriated for the purpose of agency loan programs may be transferred to an account to
be used for making grants, except that money appropriated for the purpose of section
462A.05, subdivision 14a, may be transferred for the purpose of section 462A.05, subdivision
15a. This subdivision applies to appropriations made on or after July 1, 2027.
new text end

Sec. 16.

Minnesota Statutes 2024, section 462A.20, subdivision 4, is amended to read:

Subd. 4.

Operating costs report.

On or before February 15 of each year, the agency
deleted text begin shall deliver deleted text end new text begin must submit new text end a report to the chairs deleted text begin of the finance and appropriations committees
of the legislature deleted text end new text begin and ranking minority members of the legislative committees having
jurisdiction over housing finance and policy, ways and means, and finance new text end on the costs of
operating the agency in the previous fiscal year. The report deleted text begin shall include deleted text end new text begin must differentiate
between costs to administer programs funded by state appropriations and other agency
activities. For both types of costs, the report must include the following: (1) new text end the expenditures
for salaries and benefits, rent, professional and technical services, new text begin and new text end general agency
administration deleted text begin , deleted text end new text begin ; (2) the number of full-time equivalent staff positions; new text end and new text begin (3) the new text end agency's
audited financial statements which include information on expenditures and receipts relating
to debt issuance and administration and loan origination and administration. The report deleted text begin shall deleted text end new text begin
must also new text end include a budget plan for new text begin operating costs that differentiates between the costs to
administer programs funded by state appropriations and other agency activities. For both
types of costs, the report must include projected costs for new text end salaries and benefits, rent,
professional and technical services, and general administration for the current fiscal year,
including estimates of changes in costs from the previous fiscal year. If it appears that the
costs in the current fiscal year will exceed the budget plan contained in the report submitted
under this subdivision, the agency must notify the chairs new text begin and ranking minority members new text end of
the legislative committees deleted text begin or divisions deleted text end with jurisdiction over deleted text begin the agency's budget deleted text end new text begin housing
finance and policy new text end that the costs in the current fiscal year will exceed the submitted budget
plan and the reasons for the changes in costs and must submit a revised budget plan to the
commissioner of management and budget and obtain the commissioner's concurrence with
the revised plan. The agency must also notify the chairs new text begin and ranking minority members new text end of
the legislative committees deleted text begin or divisions deleted text end with jurisdiction over deleted text begin the agency's budget deleted text end new text begin housing
finance and policy new text end when the agency is considering an expansion of agency activities that
were not contemplated in the submitted budget plan.

Sec. 17.

new text begin [462A.2094] CAPACITY BUILDING GRANTS.
new text end

new text begin The agency may make capacity building grants to nonprofit organizations, local
government units, Indian tribes, and Indian tribal organizations to expand their capacity to
provide affordable housing and housing-related services. The grants may be used to assess
housing needs and to develop and implement strategies to meet those needs, including but
not limited to the creation or preservation of affordable housing, prepurchase and
postpurchase counseling and associated administrative costs, and the linking of supportive
services to the housing. The agency shall adopt policies and procedures specifying the
eligible uses of grant money. Funding priority may be given to those applicants that include
low-income persons in their membership, have provided housing-related services to
low-income people, and demonstrate a local commitment of local resources, which may
include in-kind contributions.
new text end

Sec. 18.

Minnesota Statutes 2024, section 462A.21, subdivision 10, is amended to read:

Subd. 10.

Certain appropriations available until expended.

Notwithstanding the
repeal of section 462A.26 and the provisions of section 16A.28 or any other law relating to
lapse of an appropriation, the appropriations made to the agency by the legislature in 1976
and subsequent years are available until fully expended, and the allocations provided in the
appropriations remain in effect. Earnings from investments of any of the amounts
appropriated to the agency are appropriated to the agency to be used for the same purposes
as the respective original appropriations, after payment of the costs and expenses necessary
and incidental to the development and operation of the deleted text begin programs authorized under this
chapter deleted text end new text begin respective original appropriations new text end . new text begin This subdivision applies to appropriations made
before July 1, 2027.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 19.

Minnesota Statutes 2024, section 462A.21, is amended by adding a subdivision
to read:

new text begin Subd. 10a. new text end

new text begin Certain appropriations available until expended. new text end

new text begin Notwithstanding section
16A.28 or any other law relating to lapse of an appropriation, the appropriations made from
the housing development fund to the agency by the legislature are available until fully
expended, and the allocations provided in the appropriations remain in effect. Earnings from
investments of any of the amounts appropriated to the agency are appropriated to the agency
to be used for the same purposes as the respective original appropriations, after payment of
the costs and expenses necessary and incidental to the development and operation of the
respective original appropriations. This subdivision applies to appropriations made on or
after July 1, 2027.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 20.

Minnesota Statutes 2024, section 462A.21, subdivision 12a, is amended to read:

Subd. 12a.

Program money transfer.

Unencumbered balances of money appropriated
for the purpose of loans or grants for agency programs under these subdivisions may be
transferred between programs created by these subdivisions or in accordance with section
462A.20, subdivision 3. new text begin This subdivision applies to appropriations made before July 1,
2027.
new text end

Sec. 21.

Minnesota Statutes 2024, section 462A.21, is amended by adding a subdivision
to read:

new text begin Subd. 12b. new text end

new text begin Program money transfer. new text end

new text begin Unencumbered balances of money appropriated
from the housing development fund for the purpose of loans or grants for agency programs
under these subdivisions may be transferred between programs created by these subdivisions
or in accordance with section 462A.20, subdivision 3. This subdivision applies to
appropriations made on or after July 1, 2027.
new text end

Sec. 22.

Minnesota Statutes 2024, section 462A.37, is amended by adding a subdivision
to read:

new text begin Subd. 2l. new text end

new text begin Additional authorization. new text end

new text begin In addition to the amount authorized in subdivisions
2 to 2k and 3a, the agency may issue up to $50,000,000 in one or more series to which the
payments under this section may be pledged.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 23.

Minnesota Statutes 2025 Supplement, section 462A.37, subdivision 5, is amended
to read:

Subd. 5.

Additional appropriation.

(a) The agency must certify annually to the
commissioner of management and budget the actual amount of annual debt service on each
series of bonds issued under this section.

(b) Each July 15, beginning in 2015 and through 2037, if any housing infrastructure
bonds issued under subdivision 2a, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a), not to exceed $6,400,000 annually. The amounts
necessary to make the transfers are appropriated from the general fund to the commissioner
of management and budget.

(c) Each July 15, beginning in 2017 and through 2038, if any housing infrastructure
bonds issued under subdivision 2b, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a), not to exceed $800,000 annually. The amounts
necessary to make the transfers are appropriated from the general fund to the commissioner
of management and budget.

(d) Each July 15, beginning in 2019 and through 2040, if any housing infrastructure
bonds issued under subdivision 2c, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a), not to exceed $2,800,000 annually. The amounts
necessary to make the transfers are appropriated from the general fund to the commissioner
of management and budget.

(e) Each July 15, beginning in 2020 and through 2041, if any housing infrastructure
bonds issued under subdivision 2d, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a). The amounts necessary to make the transfers are
appropriated from the general fund to the commissioner of management and budget.

(f) Each July 15, beginning in 2020 and through 2041, if any housing infrastructure
bonds issued under subdivision 2e, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a). The amounts necessary to make the transfers are
appropriated from the general fund to the commissioner of management and budget.

(g) Each July 15, beginning in 2022 and through 2043, if any housing infrastructure
bonds issued under subdivision 2f, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a). The amounts necessary to make the transfers are
appropriated from the general fund to the commissioner of management and budget.

(h) Each July 15, beginning in 2022 and through 2043, if any housing infrastructure
bonds issued under subdivision 2g, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a). The amounts necessary to make the transfers are
appropriated from the general fund to the commissioner of management and budget.

(i) Each July 15, beginning in 2023 and through 2044, if any housing infrastructure
bonds issued under subdivision 2h, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a). The amounts necessary to make the transfers are
appropriated from the general fund to the commissioner of management and budget.

(j) Each July 15, beginning in 2026 and through 2047, if any housing infrastructure
bonds issued under subdivision 2j, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a). The amounts necessary to make the transfers are
appropriated from the general fund to the commissioner of management and budget.

(k) Each July 15, beginning in 2027 and through 2048, if any housing infrastructure
bonds issued under subdivision 2k, or housing infrastructure bonds issued to refund those
bonds, remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a). The amounts necessary to make the transfers are
appropriated from the general fund to the commissioner of management and budget.

(l) new text begin Each July 15, beginning in 2028 and through 2049, if any housing infrastructure
bonds issued under subdivision 2l or housing infrastructure bonds issued to refund those
bonds remain outstanding, the commissioner of management and budget must transfer to
the housing infrastructure bond account established under section 462A.21, subdivision 33,
the amount certified under paragraph (a). The amounts necessary to make the transfers are
appropriated from the general fund to the commissioner of management and budget.
new text end

new text begin (m) new text end The agency may pledge to the payment of the housing infrastructure bonds the
payments to be made by the state under this section.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 24.

Minnesota Statutes 2024, section 462A.395, subdivision 3, is amended to read:

Subd. 3.

Eligible projects.

Housing projects eligible for a grant under this section deleted text begin may
be deleted text end new text begin must be located outside of a metropolitan county as defined in section 473.121, subdivision
4, and include:
new text end

new text begin (1) new text end a single-family or new text begin a new text end multifamily housing development, deleted text begin and deleted text end either owner-occupied
or rental deleted text begin . deleted text end new text begin ;
new text end

new text begin (2) housing projects funded under sections 462A.38 and 462A.39; and
new text end

deleted text begin Housing projects eligible for a grant under this section may also be deleted text end new text begin (3) new text end a manufactured
home development qualifying for homestead treatment under section 273.124, subdivision
3a.

Sec. 25.

Minnesota Statutes 2024, section 462A.40, subdivision 3, is amended to read:

Subd. 3.

Eligible recipients; definitions; restrictions; use of funds.

(a) The agency
may award a grant or a loan to any recipient that qualifies under subdivision 2. The agency
must not award a grant or a loan to a disqualified individual or disqualified business.

(b) For the purposes of this subdivision disqualified individual means:

(1) an individual who or an individual whose immediate family member made a
contribution to the account in the current or prior taxable year and received a credit certificate;

(2) an individual who or an individual whose immediate family member owns the housing
for which the grant or loan will be used;

(3) an individual who meets the following criteria:

(i) the individual is an officer or principal of a business entity; and

(ii) that business entity made a contribution to the account in the current or previous
taxable year and received a credit certificate; or

(4) an individual who meets the following criteria:

(i) the individual directly owns, controls, or holds the power to vote 20 percent or more
of the outstanding securities of a business entity; and

(ii) that business entity made a contribution to the account in the current or previous
taxable year and received a credit certificate.

(c) For the purposes of this subdivision disqualified business means a business entity
that:

(1) made a contribution to the account in the current or prior taxable year and received
a credit certificate;

(2) has an officer or principal who is an individual who made a contribution to the
account in the current or previous taxable year and received a credit certificate; or

(3) meets the following criteria:

(i) the business entity is directly owned, controlled, or is subject to the power to vote 20
percent or more of the outstanding securities by an individual or business entity; and

(ii) that controlling individual or business entity made a contribution to the account in
the current or previous taxable year and received a credit certificate.

(d) For purposes of this subdivision, "immediate family" means the taxpayer's spouse,
parent or parent's spouse, sibling or sibling's spouse, or child or child's spouse. For a married
couple filing a joint return, the limitations in this subdivision apply collectively to the
taxpayer and spouse.

(e) Before applying for a grant or loan, all recipients must sign a disclosure that the
disqualifications under this subdivision do not apply. The Minnesota Housing Finance
Agency must prescribe the form of the disclosure. The Minnesota Housing Finance Agency
may rely on the disclosure to determine the eligibility of recipients under paragraph (a).

(f) The agency may award grants or loans to a city as defined in section 462A.03,
subdivision 21; a federally recognized American Indian tribe or subdivision located in
Minnesota; a tribal housing corporation; a private developer; a nonprofit organization; a
housing and redevelopment authority under sections 469.001 to 469.047; a public housing
authority or agency authorized by law to exercise any of the powers granted by sections
469.001 to 469.047; or the owner of the housing. The provisions of subdivision 2, and
paragraphs (a) to (e) and (g) of this subdivision, regarding the use of funds and eligible
recipients apply to grants and loans awarded under this paragraph.

(g) new text begin Except for projects receiving funding under section 462A.39, new text end eligible recipients must
use the funds to serve households that meet the income limits as provided in section 462A.33,
subdivision 5.

Sec. 26.

new text begin [462A.45] LIVED-EXPERIENCE ENGAGEMENT EXEMPTION.
new text end

new text begin (a) Notwithstanding any law to the contrary, income received from lived-experience
engagement is not considered income, assets, or personal property for purposes of
determining eligibility or recertifying eligibility for state public assistance, including but
not limited to:
new text end

new text begin (1) child care assistance programs under chapter 142E;
new text end

new text begin (2) general assistance, Minnesota supplemental aid, and food support under chapters
142F and 256D;
new text end

new text begin (3) housing support under chapter 256I;
new text end

new text begin (4) Minnesota family investment program under chapter 142G; and
new text end

new text begin (5) economic assistance programs under chapter 256P.
new text end

new text begin (b) For purposes of this section, "lived-experience engagement" means the agency
engaging with people with relevant experience identified by the agency for the purposes of
(1) serving as a community reviewer of proposals submitted as part of an agency request
for proposals, or (2) gathering and sharing feedback on the impact of housing programs.
new text end

new text begin (c) The commissioner of human services must not consider wages earned from
lived-experience engagement as income or assets under section 256B.056, subdivision 1a,
paragraph (a); subdivision 3; or subdivision 3c, or for persons with eligibility determined
under section 256B.057, subdivision 3, 3a, or 3b.
new text end

Sec. 27.

Minnesota Statutes 2024, section 474A.02, subdivision 1a, is amended to read:

Subd. 1a.

Aggregate bond limitation.

"Aggregate bond limitation" means deleted text begin up to 55 deleted text end new text begin the
greater of: (1) 30 new text end percent of the reasonably expected aggregate basis of a residential rental
project and the land on which the project is or will be located new text begin ; or (2) the maximum
supportable permanent amortizing debt, subject to a maximum of 40 percent of the reasonably
expected aggregate basis of a residential rental project and the land on which the project is
or will be located new text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2027.
new text end

Sec. 28.

new text begin [500.50] SINGLE-FAMILY HOMES; PRIVATE EQUITY OWNERSHIP
PROHIBITED.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For purposes of this section, the following terms have
the meanings given.
new text end

new text begin (b) "Family entity" means an entity, however organized, that meets the following
standards:
new text end

new text begin (1) all its members are natural persons related to each other within the third degree of
kindred according to the rules of civil law; and
new text end

new text begin (2) its revenue from rent or any other means is paid directly from one member to another.
new text end

new text begin (c) "Homestead" is a property classified as class 1a under section 273.13, subdivision
22.
new text end

new text begin (d) "Private equity company" means an investor or group of investors who, alone or in
concert with one or more other entities, primarily engage in the raising or returning of capital
and who invest, develop, or dispose of specified assets. Private equity company includes
publicly or nonpublicly traded entities, real estate investment trusts, and any investment
firm that buys and manages private companies to make a profit. A private equity company
does not include the following:
new text end

new text begin (1) a local, state, or federal unit of government or agency;
new text end

new text begin (2) a land trust as defined in section 462A.31;
new text end

new text begin (3) a nonprofit organized under chapter 317A that is creating, rehabilitating, or providing
affordable housing to low- and moderate-income renters or home buyers;
new text end

new text begin (4) a corporation primarily engaged in housing development through the construction
or substantial rehabilitation of single-family homes;
new text end

new text begin (5) a mortgage note holder that owns the single-family homes through foreclosure; or
new text end

new text begin (6) a family entity.
new text end

new text begin (e) "Real estate investment trust" has the meaning given in United States Code, title 26,
section 856.
new text end

new text begin (f) "Single-family home" means a residential property consisting of one to four dwelling
units, but does not include:
new text end

new text begin (1) an assisted living facility with fewer than five dwelling units licensed under chapter
144G; or
new text end

new text begin (2) a residential property with fewer than five dwelling units that is controlled by a
provider licensed under chapters 245A and 245D and in which residential supports and
services as defined in section 245D.03, subdivision 1, paragraph (c), clause (3), or integrated
community support as defined in section 245D.03, subdivision 1, paragraph (c), clause (8),
are provided.
new text end

new text begin (g) "Substantial rehabilitation" means the repair, reconstruction, or improvement of
existing single-family homes that:
new text end

new text begin (1) increases the value of each single-family home by 20 percent or more; and
new text end

new text begin (2) makes each single-family home:
new text end

new text begin (i) compliant with the State Building Code; and
new text end

new text begin (ii) safe, sanitary, and in compliance with the applicable health and safety laws of the
United States, of the state, and of the local units of government, including ordinances
regulating rental licensing.
new text end

new text begin Subd. 2. new text end

new text begin Single-family homes; private equity ownership prohibition. new text end

new text begin A private equity
company is prohibited from having a direct or indirect ownership interest in a single-family
home. This subdivision does not prohibit a natural person from acquiring an ownership
interest in a home that is classified as homestead property for tax purposes.
new text end

new text begin Subd. 3. new text end

new text begin Exemption; disclosure. new text end

new text begin (a) This section does not apply to a private equity
company with an ownership interest in fewer than 100 single-family homes.
new text end

new text begin (b) A private equity company must not have an interest in or receive a benefit from a
private equity company that is subject to the exemption under paragraph (a).
new text end

new text begin (c) A private equity company subject to the exemption under paragraph (a) must, upon
request, disclose the following to the attorney general:
new text end

new text begin (1) a description of all persons with an interest in or affiliated with the private equity
company;
new text end

new text begin (2) a description of all persons receiving a benefit from the private equity company;
new text end

new text begin (3) a description of all homes the private equity company owns in Minnesota; and
new text end

new text begin (4) any other financial disclosures requested by the attorney general.
new text end

new text begin Subd. 4. new text end

new text begin Civil penalty; enforcement. new text end

new text begin A private equity company that violates this section
is subject to a civil penalty of $100,000 per violation. The attorney general may enforce
this section pursuant to section 8.31. The attorney general must provide written notice of
the alleged violation under this section to the private equity company at least 90 days before
filing an enforcement action. Notwithstanding any contrary provision in law, including but
not limited to section 16A.151, any civil penalty recovered under this subdivision must be
deposited into the workforce and affordable homeownership development account under
section 462A.38, subdivision 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective August 1, 2026, and applies to interests
in real property acquired on or after that date.
new text end

Sec. 29. new text begin REPEALER.
new text end

new text begin (a) new text end new text begin Minnesota Statutes 2024, section 327C.096, new text end new text begin is repealed.
new text end

new text begin (b) new text end new text begin Minnesota Statutes 2024, section 462A.21, subdivisions 3b, 5, 23, and 26, new text end new text begin are
repealed.
new text end

APPENDIX

Repealed Minnesota Statutes: S0203-1

327C.096 NOTICE OF SALE.

When a park owner offers to sell a manufactured home park to the public through advertising in a newspaper or by listing the park with a real estate broker licensed by the Department of Commerce, the owner must provide concurrent written notice to each resident household in the park that the park is being offered for sale. Written notice provided once within a one-year period satisfies the requirement under this section. The notice provided by the park owner to each resident household does not grant any property rights in the park and is for informational purposes only. This section does not apply in the case of a taking by eminent domain, a transfer by a corporation to an affiliate, a transfer by a partnership to one or more of its partners, or a sale or transfer to a person who would be an heir of the owner if the owner were to die intestate.

462A.21 HOUSING DEVELOPMENT FUND; ADVANCES, USE REPAYMENT.

Subd. 3b.

Capacity building grants.

It may make capacity building grants to nonprofit organizations, local government units, Indian tribes, and Indian tribal organizations to expand their capacity to provide affordable housing and housing-related services. The grants may be used to assess housing needs and to develop and implement strategies to meet those needs, including but not limited to the creation or preservation of affordable housing, prepurchase and postpurchase counseling and associated administrative costs, and the linking of supportive services to the housing. The agency shall adopt rules, policies, and procedures specifying the eligible uses of grant money. Funding priority may be given to those applicants that include low-income persons in their membership, have provided housing-related services to low-income people, and demonstrate a local commitment of local resources, which may include in-kind contributions.

Subd. 5.

Other agency purposes.

It may expend moneys in the fund, not otherwise appropriated, for such other agency purposes as previously enumerated in this chapter as the agency in its discretion shall determine and provide.

Subd. 23.

Rental housing.

The agency may spend money for the purposes of the rental housing program authorized under section 462A.2097, and may pay the costs and expenses necessary and incidental to the development and operation of the program.

Subd. 26.

Full cycle home ownership services.

The agency may spend money for the purposes of section 462A.209 and may pay the costs and expenses necessary and incidental to the development and operation of the program.