SF1533

SF1533 (Legislative Session 94 (2025-2026))

Homeownership education, counseling, and training program appropriation

Related bill: HF1879

AI Generated Summary

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.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 16, 2025	Senate	Floor	Action	Introduction and first reading
February 16, 2025	Senate	Floor	Action	Referred to	Housing and Homelessness Prevention
March 05, 2025	Senate	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [
        "Allocates new funding for fiscal years 2026 and 2027, with a continued appropriation each year thereafter."
      ],
      "removed": [
        "None specified."
      ],
      "summary": "The bill appropriates funds for the homeownership education counseling and training program under section 462A.209.",
      "modified": [
        "Specifies a portion of funds for culturally appropriate services and technology access support."
      ]
    },
    "citation": "462A.209"
  }
]