Purpose of the Bill

The bill aims to conduct a comprehensive audit of the Minnesota Housing Finance Agency (MHFA) to ensure compliance with equal opportunity laws. It is designed to uncover and address any disparities in access to housing for African Americans in Minnesota.

Main Provisions

• Audit by Independent Auditor: The bill allocates funds from the state’s general budget to hire an independent auditor. This auditor will review the MHFA’s adherence to both state and federal equal opportunity laws and policies.

• Creation of Citizen Oversight Committee: A committee will be formed, in collaboration with the Council for Minnesotans of African Heritage, to oversee the audit process. This committee will:

  • Compile relevant state and federal laws and policies.
  • Monitor the audit's progress and ensure thorough examination.
  • Report findings with actionable recommendations.

• Report and Recommendations: A report outlining the audit findings, along with recommendations, will be submitted to the governor and relevant legislative committees before the 2026 legislative session commences.

Significant Changes

This bill introduces a structured oversight mechanism involving independent auditing and citizen participation to ensure that the MHFA is conforming to equal opportunity requirements. It aims to systematically address racial disparities in housing access.

Relevant Terms

• Minnesota Housing Finance Agency (MHFA)
• Equal opportunity laws
• Audit
• African Americans
• Housing disparities
• Citizen oversight committee
• Minnesota general fund