MinnesotaMinnesota directs housing funds and authorizes housing bonds
The housing agency receives program funding, including money for a three-county home-sharing pilot, and certain agency engagement pay is left out of public assistance eligibility decisions.
What it does
The housing agency receives $25 million for housing programs, including homelessness prevention, renter services, and a home-sharing pilot for seniors in three counties.
The housing agency may issue up to $100 million in housing infrastructure bonds, with state payments scheduled while the bonds remain unpaid.
People the housing agency engages to review proposals or share feedback may keep that pay from counting in decisions about listed state assistance.
Qualifying local governments and housing authorities may invest in certain companies that put money directly into local multifamily housing.
The housing agency must report on costs and investment earnings, and notify lawmakers before making certain fund transfers.
Argument forThe home-sharing pilot could help seniors lower living costs while giving adults more affordable housing options in three counties.
Argument againstThe pilot’s background checks, reference calls, and work or school proof could make it harder for some adults to find a room through the program.
More detail
The Minnesota Housing Finance Agency receives a one-time $25 million appropriation for housing programs. The funding supports workforce housing, supportive housing, manufactured home park improvements, homelessness prevention, renter services, homeownership counseling, and a home-sharing pilot. The money comes from investment earnings held in the housing development fund. The appropriation is for fiscal year 2027 and may be used once.
The housing agency may issue up to $100 million in housing infrastructure bonds. The authorization applies to housing infrastructure bonds issued by the Minnesota Housing Finance Agency. State transfers cover debt payments only while the covered bonds, or bonds issued to replace them, remain unpaid. The state transfers are scheduled for each July 15 from 2028 through 2049, if covered bonds remain unpaid.
Income from certain work with the housing agency does not count when the state decides whether a person qualifies for public assistance or remains eligible. The rule covers eligibility for listed state assistance, including child care, food, housing, and cash assistance. The person must be engaged by the agency to review proposals or give feedback on housing programs, and must have relevant experience identified by the agency.
Certain local governments and housing authorities may invest funds in shares of qualifying companies focused partly on direct investment in local multifamily housing. The authority covers qualifying governments and eligible housing and redevelopment authorities, subject to the law’s investment limits and approval rules. The company must be registered with the federal securities regulator, focus on investment-grade fixed-income securities, and hold at least 80 percent of its investments in federally insured or guaranteed securities when shares are bought.
The housing agency must report more detail on its costs and investment earnings, and give lawmakers and the public notice before certain fund transfers. The duties apply to the Minnesota Housing Finance Agency and its use of money appropriated by the state. Each biennium, the agency must use 25 percent of certain investment earnings for purposes comparable to the original appropriations, unless projected costs exceed those earnings. The agency must submit its yearly operating-cost report by February 15. It must make the earnings calculation by September 1 in each odd-numbered year.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 18Secretary of State Chapter 100 05/18/26Latest
- May 18Governor Tim Walz's action Approval 05/18/26Major
- May 18Secretary of State, Filed 05/18/2026
- May 18Governor Tim Walz approval 05/18/2026Became Law
- May 17Author added Zeleznikar
- May 14Presentment date 05/14/26
- May 14Presented to Governor 05/14/2026To Governor
- May 13Third Reading Repassed
- Vote recorded Repassage, as amended by Conference. Result: pass.Lower
- Vote recorded Senate adopted CC report and repassed bill. Result: pass.Upper
- Vote recorded Third Reading Repassed. Result: pass.Upper
- May 13Senate adopted CC report and repassed bill
- May 13Conference committee report, delete everything
- May 13House adopted HCC report and repassed bill
- May 13Senate adopted conference committee report, bill repassed
- May 13Bill was repassed as amended by Conference
- May 13Third reading as amended by ConferenceMinor
- May 13Motion prevailed
- May 13Motion to adopt conference committee report
- May 13Conference committee report, delete everything
- May 7Senate conferees Port; Boldon; Lucero
- Vote recorded Third reading Passed as amended. Result: pass.Upper
- May 7Senate accedes, CC be appointed
- May 7House conferees Howard; Kozlowski; Igo; Nash
- May 7House not concur, conference committee requested
- May 7Third reading Passed as amendedPassed 2nd Chamber
- May 7Special Order: Amended
- May 7Senate conferees Port, Boldon, and Lucero
- May 7Senate accedes, conference committee of 3 be appointed
- May 7House conferees Howard, Kozlowski, Igo, and Nash
- May 7House refuses to concur, conference committee of 4 requested
- May 7Returned from Senate with amendment
- May 6Second readingMinor
- May 6Comm report: Rule 45-amend, subst. General Orders SF203
- May 5Referred to Rules and Administration for comparison with SF203, now on General OrdersMinor
- May 5Introduction and first readingMinor
- May 5Received from HouseMinor
- May 4Bill was passedPassed 1st Chamber
- Vote recorded Passage. Result: pass.Lower
- Vote recorded Amendment. Result: fail.Lower
- Vote recorded Amendment to Norris Amendment. Result: fail.Lower
- May 4Third readingMinor
- May 4Amendments offeredMinor
- Apr 30House rule 1.21, placed on Calendar for the Day Monday, May 4, 2026
- Apr 27Second readingMinor
- Apr 27Committee report, to adopt as amendedMinor
- Apr 23Author added Igo
- Apr 20Committee report, to adopt as amended and re-refer to Ways and MeansMinor
- 2025
- Apr 10Authors added Lee, K., and Mahamoud
- Mar 26Authors added Lillie and Kozlowski
- Mar 24Author added Hussein
- Feb 20Author added Norris
- Feb 19Introduction and first reading, referred to Housing Finance and PolicyIntroduced
HousingTaxes & BudgetGovernment & Ethics