SF1533

The bill, S.F. No. 1533, presented to the Minnesota Legislature, proposes financial support for a program aimed at helping people understand more about buying and owning a home. Specifically, the bill plans to allocate $2,000,000 yearly from 2026 to 2027, and the same amount annually from 2028 onwards, from the general fund to the housing development fund. This money would be used by the Housing Finance Agency to fund the homeownership education counseling and training program. Additionally, 10% of this funding each year from 2026 to 2027 will go to the Minnesota Homeownership Center to oversee the program and ensure that it provides culturally relevant counseling and educational services to individuals who might struggle with language barriers or lack of technological access.