High-rise sprinkler system grant program modified, Minnesota Housing Finance Agency funding provided, money transferred, and money appropriated.

This bill modifies Minnesota's high-rise sprinkler system grant program to provide $10 million in funding for the Minnesota Housing Finance Agency. It directly affects owners of eligible high-rise affordable housing buildings (75+ feet tall or 7+ stories, with at least two-thirds of units affordable to households earning 50-60% of area median income). The program allows grants/loans up to $2 million per building for sprinkler installation, requiring a 25% match for nonprofits and 50% for for-profits. The funding comes from a one-time transfer of $10 million from the general fund to the housing development fund, then appropriated to the agency for this specific program.