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HF2695 (Legislative Session 94 (2025-2026))

Housing challenge program modified by expanding eligible schools.

Related bill: SF2792

AI Generated Summary

Purpose

This bill aims to modify the existing housing challenge program in Minnesota. It seeks to broaden the range of schools eligible for grants or loans to support housing initiatives.

Main Provisions

  • Eligibility Expansion: The bill expands the list of eligible recipients of challenge grants or loans. This includes cities, recognized American Indian tribes and subdivisions, tribal housing corporations, private developers, nonprofit organizations, school districts, cooperative units, charter schools, contract alternative schools, and tribal contract schools. It also specifies that individuals who own housing can be recipients.
  • Geographic Allocation: Grants and loans should ideally be distributed equally between metropolitan and nonmetropolitan areas.
  • Grant Use for Schools: School districts, cooperative units, charter schools, contract alternative schools, and tribal contract schools can receive grants under $100,000. If these schools use the grant to build homes for purchase, they must ensure future occupants participate in homeownership education, counseling, and training.

Significant Changes

  • The bill amends sections of Minnesota Statutes to specifically include more types of schools and educational entities as eligible recipients for housing-related grants or loans.
  • It introduces a requirement for educational institutions that develop housing to engage future homeowners in educational programs about owning a home.

Relevant Terms

housing challenge program, school district, charter school, tribal contract school, nonprofit organization, metropolitan area, nonmetropolitan area, homeownership education.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 23, 2025HouseFloorActionIntroduction and first reading, referred toHousing Finance and Policy
March 23, 2025HouseFloorActionIntroduction and first reading, referred toHousing Finance and Policy
March 31, 2025HouseFloorActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill refers to section 123A.24, subdivision 2, which defines cooperative units eligible for receiving housing challenge program grants or loans.",
      "modified": []
    },
    "citation": "123A.24",
    "subdivision": "subdivision 2"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Within the amended section, reference is made to section 462A.03, subdivision 21 for the definition of 'city' as it pertains to eligible grant recipients.",
      "modified": []
    },
    "citation": "462A.03",
    "subdivision": "subdivision 21"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill mentions section 462A.209, which involves the homeownership education, counseling, and training program required for grant recipients constructing homes.",
      "modified": []
    },
    "citation": "462A.209",
    "subdivision": ""
  }
]

Sponsors