Locally controlled housing fund established, allowable uses of housing infrastructure bonds modified, report required, bonds issued, and money appropriated.

HF 2693 establishes a locally controlled housing fund in Minnesota and modifies how state housing infrastructure bonds can be used. The bill expands allowable bond uses to include affordable single-family housing, manufactured home parks, cooperative housing, and senior housing projects that meet specific affordability standards (e.g., housing for households earning 50% or less of area median income). It adds priority rules, such as favoring permanent supportive housing for veterans and senior projects with strong affordability commitments, and requires new construction to include accessible units meeting specific design standards. This bill directly affects local housing authorities, developers, and community organizations seeking state funding for affordable housing projects across Minnesota.