Purpose of the Bill

The bill aims to allocate funds to the Community Stabilization Project in St. Paul, Minnesota. Its purpose is to support both tenants and landlords, improving housing stability and management practices within the community.

Main Provisions

• Funding Allocation: The bill appropriates $100,000 for fiscal year 2026 and another $100,000 for fiscal year 2027. These funds are designated for the Community Stabilization Project through the Minnesota Housing Finance Agency.
• Program Goals: The funding is intended to:
  1. Provide landlords with guidance and tools to adhere to rental housing laws.
  2. Promote efficient and sustainable property management strategies.
  3. Improve the relationships between landlords and tenants to minimize disputes and reduce rental turnover, encouraging the use of mediation instead of confrontational approaches.
  4. Assist landlords in securing rental payments through budgeting support for at-risk tenants, aiding tenants in accessing rental assistance programs, and establishing payment plans for tenants who are late on rent.

Significant Changes to Existing Law

This bill introduces targeted financial support specifically for enhancing landlord-tenant interactions and property management in St. Paul, marking a focused effort on mediation and dispute resolution, which is not detailed in existing legislation regarding housing finance.

Relevant Terms

• Appropriations
• Community Stabilization Project
• Housing Finance Agency
• Rental housing regulations
• Mediation
• Rental assistance programs
• Landlord-tenant relationships