Minnesota Housing Finance Agency funding provided for the economic development and housing challenge program, and money appropriated.

This bill appropriates $22.9 million for fiscal year 2026 and $12.9 million for fiscal year 2027 from the general fund to Minnesota's Housing Finance Agency. The funds will support the Economic Development and Housing Challenge Program and low/moderate-income housing initiatives under state law. It specifically reserves $1.2 million annually for housing projects serving American Indian communities, with unspent funds available for other eligible housing activities. The bill directly affects housing developers, communities, and residents seeking affordable housing in Minnesota.