Minnesota Legislature
HF 2445
as introduced - 94th Legislature (2025 - 2026) Posted on 03/17/2025 03:00pm
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A bill for an act
relating to state government; establishing a budget for the Minnesota Housing
Finance Agency; appropriating money.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin APPROPRIATIONS.
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The sums shown in the columns marked "Appropriations" are appropriated to the agency
for the purposes specified in this article. The appropriations are from the general fund, or
another named fund, and are available for the fiscal years indicated for each purpose. The
figures "2026" and "2027" used in this article mean that the appropriations listed under them
are available for the fiscal year ending June 30, 2026, or June 30, 2027, respectively. "The
first year" is fiscal year 2026. "The second year" is fiscal year 2027. "The biennium" is
fiscal years 2026 and 2027.
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APPROPRIATIONS new text end |
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Available for the Year new text end |
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Ending June 30 new text end |
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2026 new text end |
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2027 new text end |
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Sec. 2. new text begin HOUSING FINANCE AGENCY
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new text begin Subdivision 1. new text end
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Total Appropriation
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$ new text end |
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82,798,000 new text end |
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$ new text end |
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82,798,000 new text end |
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(a) The amounts that may be spent for each
purpose are specified in the following
subdivisions.
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(b) Unless otherwise specified, this
appropriation is for transfer to the housing
development fund for the programs specified
in this section. Except as otherwise indicated,
the amounts appropriated for this transfer are
part of the agency's permanent budget base.
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new text begin Subd. 2. new text end
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Challenge Program
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12,925,000 new text end |
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12,925,000 new text end |
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(a) This appropriation is for the economic
development and housing challenge program
under Minnesota Statutes, section 462A.33
and 462A.07, subdivision 14.
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(b) Of this amount, $1,208,000 each year shall
be made available during the first 11 months
of the fiscal year exclusively for housing
projects for American Indians. Any funds not
committed to housing projects for American
Indians within the annual consolidated request
for funding processes may be available for
any eligible activity under Minnesota Statutes,
sections 462A.33 and 462A.07, subdivision
14.
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new text begin Subd. 3. new text end
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Workforce Housing Development
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2,000,000 new text end |
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2,000,000 new text end |
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This appropriation is for the Greater
Minnesota workforce housing development
program under Minnesota Statutes, section
462A.39. If requested by the applicant and
approved by the agency, funded properties
may include a portion of income and rent
restricted units. Funded properties may include
owner-occupied homes.
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new text begin Subd. 4. new text end
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Manufactured Home Park
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1,000,000 new text end |
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1,000,000 new text end |
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This appropriation is for manufactured home
park infrastructure grants under Minnesota
Statutes, section 462A.2035, subdivision 1b.
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new text begin Subd. 5. new text end
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Workforce Homeownership Program
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250,000 new text end |
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250,000 new text end |
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This appropriation is for the workforce
homeownership program under Minnesota
Statutes, section 462A.38.
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new text begin Subd. 6. new text end
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Rent Assistance Program
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23,000,000 new text end |
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23,000,000 new text end |
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This appropriation is for the rent assistance
program under Minnesota Statutes, section
462A.2095.
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new text begin Subd. 7. new text end
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Housing Trust Fund
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11,646,000 new text end |
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11,646,000 new text end |
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This appropriation is for deposit in the housing
trust fund account created under Minnesota
Statutes, section 462A.201, and may be used
for the purposes provided in that section.
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new text begin Subd. 8. new text end
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Homework Starts with Home
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2,750,000 new text end |
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2,750,000 new text end |
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This appropriation is for the homework starts
with home program under Minnesota Statutes,
sections 462A.201, subdivision 2, paragraph
(a), clause (4), and 462A.204, subdivision 8,
to provide assistance to homeless families,
those at risk of homelessness, or highly mobile
families.
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new text begin Subd. 9. new text end
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Rental Assistance for Mentally Ill
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5,338,000 new text end |
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5,338,000 new text end |
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(a) This appropriation is for the rental housing
assistance program for persons with a mental
illness or families with an adult member with
a mental illness under Minnesota Statutes,
section 462A.2097. Among comparable
proposals, the agency shall prioritize those
proposals that target, in part, eligible persons
who desire to move to more integrated,
community-based settings.
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(b) Notwithstanding any law to the contrary,
this appropriation may be used for risk
mitigation funds, landlord incentives, or other
costs necessary to decrease the risk of
homelessness, as determined by the agency.
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new text begin Subd. 10. new text end
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Family Homeless Prevention
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10,269,000 new text end |
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10,269,000 new text end |
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(a) This appropriation is for the family
homeless prevention and assistance program
under Minnesota Statutes, section 462A.204.
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(b) Notwithstanding any law to the contrary,
this appropriation may be used for program
costs necessary to decrease the risk of
homelessness and improve the effectiveness
of the program, as determined by the agency.
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(c) When a new grantee works with a current
or former grantee in a given geographic area,
a new grantee may work with either an
advisory committee as required under
Minnesota Statutes, section 462A.204,
subdivision 6, or the local continuum of care
and is not required to meet the requirements
of Minnesota Statutes, section 462A.204,
subdivision 4.
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new text begin Subd. 11. new text end
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Home Ownership Assistance Fund
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885,000 new text end |
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885,000 new text end |
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This appropriation is for the home ownership
assistance program under Minnesota Statutes,
section 462A.21, subdivision 8. The agency
shall continue to strengthen its efforts to
address the disparity gap in the
homeownership rate between white
households and indigenous American Indians
and communities of color. To better
understand and address the disparity gap, the
agency is required to collect, on a voluntary
basis, demographic information regarding
race, color, national origin, and sex of
applicants for agency programs intended to
benefit homeowners and homebuyers.
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new text begin Subd. 12. new text end
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Affordable Rental Investment Fund
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4,218,000 new text end |
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4,218,000 new text end |
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(a) This appropriation is for the affordable
rental investment fund program under
Minnesota Statutes, section 462A.21,
subdivision 8b, to finance the acquisition,
rehabilitation, and debt restructuring of
federally assisted rental property and for
making equity take-out loans under Minnesota
Statutes, section 462A.05, subdivision 39.
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(b) The owner of federally assisted rental
property must agree to participate in the
applicable federally assisted housing program
and to extend any existing low-income
affordability restrictions on the housing for
the maximum term permitted.
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(c) The appropriation also may be used to
finance the acquisition, rehabilitation, and debt
restructuring of existing supportive housing
properties and naturally occurring affordable
housing as determined by the commissioner.
For purposes of this paragraph, "supportive
housing" means affordable rental housing with
links to services necessary for individuals,
youth, and families with children to maintain
housing stability.
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new text begin Subd. 13. new text end
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Owner-Occupied Housing
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2,772,000 new text end |
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2,772,000 new text end |
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(a) This appropriation is for the rehabilitation
of owner-occupied housing under Minnesota
Statutes, section 462A.05, subdivisions 14 and
14a.
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(b) Notwithstanding any law to the contrary,
grants or loans under this subdivision may be
made without rent or income restrictions of
owners or tenants. To the extent practicable,
grants or loans must be made available
statewide.
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new text begin Subd. 14. new text end
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Rental Housing Rehabilitation
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3,743,000 new text end |
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3,743,000 new text end |
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(a) This appropriation is for the rehabilitation
of eligible rental housing under Minnesota
Statutes, section 462A.05, subdivision 14. In
administering a rehabilitation program for
rental housing, the agency may apply the
processes and priorities adopted for
administration of the economic development
and housing challenge program under
Minnesota Statutes, section 462A.33, and may
provide grants or forgivable loans if approved
by the agency.
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(b) Notwithstanding any law to the contrary,
grants or loans under this subdivision may be
made without rent or income restrictions of
owners or tenants. To the extent practicable,
grants or loans must be made available
statewide.
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new text begin Subd. 15. new text end
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Homeownership Education,
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857,000 new text end |
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857,000 new text end |
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This appropriation is for the homeownership
education, counseling, and training program
under Minnesota Statutes, section 462A.209.
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new text begin Subd. 16. new text end
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Capacity Building Grants
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645,000 new text end |
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645,000 new text end |
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This appropriation is for capacity building
grants under Minnesota Statutes, section
462A.21, subdivision 3b.
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new text begin Subd. 17. new text end
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Build Wealth MN
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500,000 new text end |
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500,000 new text end |
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This appropriation is for a grant to Build
Wealth Minnesota to provide a family
stabilization plan program including program
outreach, financial literacy education, and
budget and debt counseling.
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new text begin Subd. 18. new text end
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Availability and Transfer of Funds
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Money appropriated in the first year in this
article is available the second year. The
commissioner may shift or transfer money in
the second year in subdivisions 2, 3, 4, 5, 12,
13, and 14 to address high-priority housing
needs.
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