SF 3721

Introduction - 94th Legislature (2025 - 2026)

Posted on 02/24/2026 09:23 a.m.

A bill for an act
relating to housing; requiring verification of eligibility for first-generation
homebuyers down payment assistance; amending Minnesota Statutes 2024, section
462A.41, by adding subdivisions.

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

Section 1.

Minnesota Statutes 2024, section 462A.41, is amended by adding a subdivision
to read:

new text begin Subd. 2a. new text end

new text begin Application. new text end

new text begin (a) The agency shall develop forms and procedures for soliciting
and reviewing applications for assistance under this section. The agency must evaluate
complete applications for assistance to determine the eligibility of each applicant under
subdivision 2. If the agency partners with a community organization to deliver assistance,
as permitted under subdivision 1, the community organization must use the forms developed
by the agency and verify the eligibility of each applicant.
new text end

new text begin (b) Each application must be accompanied by an affidavit created by the agency. The
affidavit must include a statement affirming compliance with the requirements in subdivision
2, general penalty warnings, and a disclaimer that any false or misrepresented information
is subject to prosecution for fraud under sections 609.52 and 609.821 and perjury under
section 609.48. An applicant must sign the affidavit to complete an application.
new text end

new text begin (c) The applicant has the burden of providing documentary evidence to verify eligibility.
To the extent practicable, the agency may assist an applicant in obtaining verifications and
required documents when the applicant is unable to do so. The agency must verify the
eligibility of each applicant before the agency or community partner issues down payment
assistance under this section.
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. 2.

Minnesota Statutes 2024, section 462A.41, is amended by adding a subdivision to
read:

new text begin Subd. 6. new text end

new text begin Audit. new text end

new text begin Each year that disbursements are made through the first-generation
homebuyers down payment assistance fund, the agency must issue a report on the fund by
January 15 of the following year. The report must include a statement describing the
disbursements provided and include a financial audit of the program conducted by an
independent party.
new text end