SF1512
Workforce housing development appropriation
Legislative Session 94 (2025-2026)
Related bill: HF2462
AI Generated Summary
Purpose
This bill aims to boost housing for workers in Minnesota by moving money into a dedicated housing fund and then allocating it to the state Housing Finance Agency to support a workforce housing program. It creates a one-time funding action for fiscal year 2026.
Main Provisions
- Transfer: In fiscal year 2026, 20,000,000 from the general fund is transferred to the housing development fund.
- Appropriation: In fiscal year 2026, 20,000,000 from the housing development fund is appropriated to the commissioner of the Housing Finance Agency for the workforce housing development program.
- Authority: The workforce housing development program is defined under Minnesota Statutes section 462A.39.
- Nature of funding: This is a one-time appropriation, not a continuing or ongoing funding source.
Agencies and Programs Involved
- General Fund
- Housing Development Fund
- Housing Finance Agency
- Workforce Housing Development program (as authorized under Minn. Stat. § 462A.39)
Financial Impact
- Total action in fiscal year 2026 involves 40,000,000 in fund movements (20,000,000 transferred into the housing development fund and 20,000,000 appropriated from it to HFA).
- The effect is a one-time enhancement to funding for workforce housing development.
Significance and Context
- Purposefully directs funds to increase the supply or development of housing for workers.
- Because it is a one-time appropriation, it does not establish ongoing funding beyond fiscal year 2026 and may require future appropriations to continue or expand the program.
Related Legal Framework
- Minnesota Statutes section 462A.39 (workforce housing development program)
Next Steps (If Enacted)
- Funds would be allocated to the Housing Finance Agency for the workforce housing development program to advance related housing projects or initiatives.
Relevant Terms - general fund - housing development fund - workforce housing development program - Housing Finance Agency - Minnesota Statutes § 462A.39 - fiscal year 2026 - one-time appropriation - transfer - appropriation
Past committee meetings
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Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 17, 2025 | Senate | Action | Introduction and first reading | ||
| February 17, 2025 | Senate | Action | Referred to | Housing and Homelessness Prevention |
Bill information comes from public records published by the Office of the Revisor of Statutes, the Minnesota House and the Minnesota Senate. AI summaries are written by MinneSlate and are not official. MinneSlate is independent and is not affiliated with the State of Minnesota or the Minnesota Legislature.