Minnesota SF 2678: Hennepin county foster families recruitment appropriation

Bill Text

1.1 A bill for an act​
1.2 relating to housing; modifying the housing affordability fund in fiscal years 2026​
1.3 and 2027.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. HOUSING AFFORDABILITY FUND; FISCAL YEARS 2026 AND 2027​
1.6 ALLOCATION.​
1.7 (a) At least 25 percent of the allocations from the Housing Finance Agency's housing​
1.8 affordability fund, or Pool 3, in fiscal years 2026 and 2027 shall be for distribution to the​
1.9 workforce and affordable homeownership development program under Minnesota Statutes,​
1.10 section 462A.38. This amount shall not be used for loans or other financing programs. No​
1.11 money from the allocation under this paragraph may be used to administer this program.​
1.12 (b) By June 30, 2026, and June 30, 2027, the commissioner of the Housing Finance​
1.13 Agency shall report to the legislature the following for the allocation of housing affordability​
1.14 funds under paragraph (a) for:​
1.15 (1) the number and amount of grants issued for single-family homes, townhomes, and​
1.16 manufactured homes;​
1.17 (2) the number and amount of grants issued by income categories; and​
1.18 (3) the number and amount of grants issued by county.​
1.19 (c) Nothing in this section shall impair the agency from using funds in Pool 3 to satisfy​
1.20 its obligations to holders of bonds secured by the general obligation pledge of the agency.​
1​Section 1.​
25-04368 as introduced​03/03/25 REVISOR MS/RC​
SENATE​
STATE OF MINNESOTA​
S.F. No. 2678​NINETY-FOURTH SESSION​
(SENATE AUTHORS: DRAHEIM, Pha, Lucero, Putnam and Housley)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​871​03/17/2025​
Referred to Housing and Homelessness Prevention​