1.1 	A bill for an act
1.2 	relating to housing; modifying the housing affordability fund in fiscal years 2026 
1.3 	and 2027.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. HOUSING AFFORDABILITY FUND; FISCAL YEARS 2026 AND 2027 
1.6 	ALLOCATION.
 1.7 	(a) At least 25 percent of the allocations from the Housing Finance Agency's housing 
1.8 	affordability fund, or Pool 3, in fiscal years 2026 and 2027 shall be for distribution to the 
1.9 	workforce and affordable homeownership development program under Minnesota Statutes, 
1.10 	section 462A.38. This amount shall not be used for loans or other financing programs. No 
1.11 	money from the allocation under this paragraph may be used to administer this program.
1.12 	(b) By June 30, 2026, and June 30, 2027, the commissioner of the Housing Finance 
1.13 	Agency shall report to the legislature the following for the allocation of housing affordability 
1.14 	funds under paragraph (a) for:
1.15 	(1) the number and amount of grants issued for single-family homes, townhomes, and 
1.16 	manufactured homes;
1.17 	(2) the number and amount of grants issued by income categories; and
1.18 	(3) the number and amount of grants issued by county.
1.19 	(c) Nothing in this section shall impair the agency from using funds in Pool 3 to satisfy 
1.20 	its obligations to holders of bonds secured by the general obligation pledge of the agency.