Workforce housing development funding provided, and money appropriated.
HF 2462 appropriates $20 million from Minnesota's general fund to the housing development fund for fiscal year 2026, with an additional $20 million transferred to the Housing Finance Agency. This one-time funding supports the agency's workforce housing development program under Minnesota Statutes §462A.39, directly aiding housing developers focused on creating affordable homes for essential workers. The bill provides concrete financial resources for housing projects targeting workforce housing needs without altering existing program requirements. It affects the Housing Finance Agency, developers participating in the program, and Minnesotans seeking affordable housing options.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 17, 2025
Last action Apr 21, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
0
Mar 17, 2025
Introduced
Introduction and first reading, referred to Housing Finance and Policy
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Matt Norris
DDemocratic-Farmer-Labor
Co
Kristi Pursell
DDemocratic-Farmer-Labor
Co
Larry Kraft
DDemocratic-Farmer-Labor
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