Housing affordability fund modification in fiscal years 2026 and 2027 authorization

This bill requires Minnesota's Housing Finance Agency to allocate at least 25% of its Housing Affordability Fund (Pool 3) in fiscal years 2026 and 2027 specifically for grants supporting workforce and affordable homeownership development - such as single-family homes, townhomes, and manufactured homes - under Minnesota Statutes § 462A.38. Funds directed this way cannot be used for loans, administrative costs, or other financing programs. The agency must also report annually by June 30 on the number and amount of grants issued, broken down by home type, income category, and county. This directly affects the Housing Finance Agency's budget decisions and local housing programs receiving these targeted grants.