SF 4967
Introduction - 94th Legislature (2025 - 2026)
Posted on 04/08/2026 09:26 a.m.
KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to housing; appropriating money for a special purpose credit loan program
through Build Wealth MN.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin BUILD WEALTH MN; APPROPRIATION.
new text end
new text begin
$2,000,000 in fiscal year 2027 is appropriated from the general fund to the commissioner
of the Housing Finance Agency for a grant to Build Wealth MN to expand and administer
a special purpose credit loan program, a revolving loan pool used to provide affordable
mortgage financing to underserved borrowers in communities of color. This is a onetime
appropriation.
new text end