SF1512
Workforce housing development appropriation
Legislative Session 94 (2025-2026)
Related bill: HF2462
AI Generated Summary
Purpose
This bill aims to boost housing for workers in Minnesota by moving money into a dedicated housing fund and then allocating it to the state Housing Finance Agency to support a workforce housing program. It creates a one-time funding action for fiscal year 2026.
Main Provisions
- Transfer: In fiscal year 2026, 20,000,000 from the general fund is transferred to the housing development fund.
- Appropriation: In fiscal year 2026, 20,000,000 from the housing development fund is appropriated to the commissioner of the Housing Finance Agency for the workforce housing development program.
- Authority: The workforce housing development program is defined under Minnesota Statutes section 462A.39.
- Nature of funding: This is a one-time appropriation, not a continuing or ongoing funding source.
Agencies and Programs Involved
- General Fund
- Housing Development Fund
- Housing Finance Agency
- Workforce Housing Development program (as authorized under Minn. Stat. § 462A.39)
Financial Impact
- Total action in fiscal year 2026 involves 40,000,000 in fund movements (20,000,000 transferred into the housing development fund and 20,000,000 appropriated from it to HFA).
- The effect is a one-time enhancement to funding for workforce housing development.
Significance and Context
- Purposefully directs funds to increase the supply or development of housing for workers.
- Because it is a one-time appropriation, it does not establish ongoing funding beyond fiscal year 2026 and may require future appropriations to continue or expand the program.
Related Legal Framework
- Minnesota Statutes section 462A.39 (workforce housing development program)
Next Steps (If Enacted)
- Funds would be allocated to the Housing Finance Agency for the workforce housing development program to advance related housing projects or initiatives.
Relevant Terms - general fund - housing development fund - workforce housing development program - Housing Finance Agency - Minnesota Statutes § 462A.39 - fiscal year 2026 - one-time appropriation - transfer - appropriation
Past committee meetings
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Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 17, 2025 | Senate | Action | Introduction and first reading | ||
| February 17, 2025 | Senate | Action | Referred to | Housing and Homelessness Prevention |
Citations
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Progress through the legislative process
In Committee