Community-based first-generation homebuyers assistance program modified, and money appropriated.

HF 999 appropriates $100 million to the Midwest Minnesota Community Development Corporation (MMCDC) to administer a down payment assistance program for first-generation homebuyers. The program assists households where at least one adult never owned a home or lost one to foreclosure, with income at or below 100% of the area median income. It provides a no-interest loan covering up to 10% of a home's purchase price (capped at $32,000 initially), forgiven 20% annually over five years, usable for down payments or closing costs with a qualifying mortgage. MMCDC must report annually on program usage, demographics, and outcomes to the legislature.