SF982 (Legislative Session 94 (2025-2026))
Minnesota Housing Finance Agency appropriation for the economic development and housing challenge program
Related bill: HF2865
AI Generated Summary
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.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 02, 2025 | Senate | Floor | Action | Introduction and first reading | |
| February 02, 2025 | Senate | Floor | Action | Referred to | Housing and Homelessness Prevention |
Citations
[
{
"analysis": {
"added": [
"Increased funding allocation for the economic development and housing challenge program."
],
"removed": [],
"summary": "The bill appropriates funds for the economic development and housing challenge program under section 462A.33.",
"modified": [
"Specifies funds allocation and potential availability for other eligible activities if not used as designated."
]
},
"citation": "462A.33"
},
{
"analysis": {
"added": [
"Additional funding for housing programs specifically geared toward American Indians."
],
"removed": [],
"summary": "The bill appropriates funds for low and moderate-income housing programs under section 462A.07 subdivision 14.",
"modified": [
"Clarifies the reallocation process for unused funds within the specified programs."
]
},
"citation": "462A.07 subdivision 14"
}
]