HF1462

Purpose

To use one-time state funding to support a new housing project in Cosmos that combines senior housing with services and a child care center.

Main Provisions

• A one-time appropriation of 6,800,000 from the general fund in fiscal year 2026.
• The appropriation goes to the commissioner of employment and economic development as a grant to ANZ Inc.
• The grant is for design, construct, renovate, furnish, and equip a multifamily housing facility located at 130 Neptune Street North in Cosmos.
• The facility will provide supportive services for senior citizens and a child care center for children not yet in kindergarten, plus afterschool and weekend programming for school-aged children.

Project Details

• Location: 130 Neptune Street North, Cosmos.
• Purpose of the facility: housing with supportive services for seniors and child care for non-kindergarten children, plus afterschool/weekend programs for school-aged children.
• Project type: mixed-use capital investment (housing plus child care and youth programming).

Funding Mechanics and Timing

• Source: General Fund.
• Administered by: Commissioner of Employment and Economic Development.
• Nature of funding: grant (one-time).
• Availability: funds available until the project is completed or abandoned.
• Oversight framework: subject to Minnesota Statutes section 16A.642.

Legal/Policy Context

• This bill creates a targeted, one-time capital investment rather than broad changes to current law.
• It ties the project to the existing statutory framework referenced as Minnesota Statutes section 16A.642.

Beneficiaries and Impact

• Benefits include seniors receiving housing with supportive services and children benefiting from a new child care center and afterschool/weekend programming.
• The project represents a coordinated approach to housing and early childhood care in Cosmos.

Relevant Terms - appropriation - general fund - grant - commissioner of employment and economic development - ANZ Inc. - design, construct, renovate, furnish, and equip - multifamily housing facility - supportive services - senior citizens - child care center - children not yet in kindergarten - afterschool programming - weekend programming - school-aged children - Cosmos - fiscal year 2026 - available until project is completed or abandoned - Minnesota Statutes section 16A.642