HF 1417

as introduced - 94th Legislature (2025 - 2026) Posted on 02/26/2025 01:44pm

A bill for an act
relating to housing; requiring a report; appropriating money for the manufactured
home park infrastructure grants and loans.

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

Section 1. new text begin TRANSFER AND APPROPRIATION; MANUFACTURED HOME PARK
INFRASTRUCTURE GRANTS AND LOANS.
new text end

new text begin (a) $15,000,000 in fiscal year 2026 and $15,000,000 in fiscal year 2027 are transferred
from the general fund to the housing development fund. This transfer is $15,000,000 in
fiscal year 2028 and each year thereafter.
new text end

new text begin (b) $15,000,000 in fiscal year 2026 and $15,000,000 in fiscal year 2027 are appropriated
from the housing development fund to the commissioner of the Minnesota Housing Finance
Agency for the manufactured home park infrastructure grants and loans under Minnesota
Statutes, section 462A.2035, subdivision 1b.
new text end

new text begin (c) By January 15 each year, the commissioner must submit a report on the use of funds
in this subdivision to the chairs and ranking minority members of the legislative committees
having jurisdiction over housing finance and policy. The report must include the following
information:
new text end

new text begin (1) grants and loans requested and funded during the prior fiscal year, organized by
ownership type of the manufactured home park, such as private, cooperative, and municipal
ownership, and by county;
new text end

new text begin (2) the average amount of grants and loans awarded;
new text end

new text begin (3) the average amount of loans issued;
new text end

new text begin (4) information regarding the terms of the loans; and
new text end

new text begin (5) information about how repaid loan funds were used.
new text end