HF297 (Legislative Session 94 (2025-2026))

Arrowhead Economic Opportunity Agency grant funding provided, and money appropriated.

Related bill: SF859

AI Generated Summary

This legislative bill proposes to allocate $2,000,000 in 2026 from Minnesota's general fund to the Minnesota Housing Finance Agency. This money will be given as a grant to the Arrowhead Economic Opportunity Agency. The funds are to be used as a revolving fund specifically for purchasing and refurbishing properties that have been forfeited due to unpaid taxes. The focus is on converting these properties into homes that are affordable for local workers. This funding is a one-time financial grant.

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