Minnesota Housing Finance Agency appropriation for the economic development and housing challenge program

This bill appropriates $22.9 million for fiscal year 2026 and $12.9 million for fiscal year 2027 from the general fund to the Minnesota Housing Finance Agency. The funds support two housing programs: the economic development and housing challenge program (Minnesota Statutes §462A.33) and low/moderate-income housing programs (§462A.07, subd. 14). Crucially, $1.2 million annually must be dedicated exclusively to housing projects for American Indians, with unused funds available for other eligible housing activities under the same statutes. The bill directly affects housing agencies and communities receiving these funds, particularly American Indian housing providers.