SF982

This bill proposes to allocate funds from Minnesota's general budget to the Minnesota Housing Finance Agency. The money, $22,925,000 in the year 2026 and $12,925,000 in 2027, will be used for two specific purposes under the state's housing laws. First, it will support the Economic Development and Housing Challenge Program, which aims to address housing needs in the community. Additionally, a part of this funding, specifically $1,208,000 each year, is exclusively reserved for housing projects for American Indians during the first 11 months of each fiscal year. If these funds are not used within that time, they can later be allocated to other eligible housing projects. This bill is a step to specifically address housing issues in Minnesota, including support for American Indian communities.