Issuance of housing infrastructure bonds authorized, and money appropriated.

HF 3806 authorizes Minnesota to issue up to $200 million in housing infrastructure bonds for projects like affordable housing development and repairs. It requires annual transfers from the state general fund to a dedicated bond account, with specific yearly limits (ranging from $800,000 to $6.4 million) depending on the bond series. These transfers will occur each July 15 from 2028 through 2049 for the new bonds authorized under this bill. The funds will support housing infrastructure initiatives managed through the state’s housing finance program, directly affecting projects eligible for these bond-funded resources.