HF2276

Purpose of the Bill

The bill aims to allocate and transfer funds from Minnesota's general fund to support the Minnesota homeless study. The study is intended to gather and analyze data on homelessness in the state to inform future policy and decision-making.

Main Provisions

• Funding Transfer: The bill mandates a transfer of $900,000 from the general fund to the housing development fund each year starting fiscal year 2026 and continuing indefinitely.
• Funding Appropriation: An appropriation of $900,000 from the housing development fund is allocated each year to the Amherst H. Wilder Foundation. This funding is specifically designated for conducting the Minnesota homeless study.
• Distribution Timeline: The funds must be given to the Amherst H. Wilder Foundation by July 15 of each year.
• Administrative Costs: The Minnesota Housing Finance Agency's commissioner is allowed to use up to 1% of the funds for covering administrative expenses.

Reporting Requirements

• The Amherst H. Wilder Foundation is required to produce a report based on the findings of the Minnesota homeless study. This report must be submitted to the relevant legislative committees involved in housing and homelessness.
• The report is due by March 1, 2028, and every three years subsequently.

Significant Changes

• Non-Cancellation of Funds: Any unspent funds from the fiscal year 2026 will not be canceled and will remain available for use in the following fiscal year, 2027.

Relevant Terms

• Minnesota homeless study
• Housing development fund
• General fund
• Amherst H. Wilder Foundation
• Minnesota Housing Finance Agency