The Homes for All coalition is so proud, happy, and energized by the work done at the capitol this session to ensure Minnesotans have better access to safe, affordable housing.  These achievements wouldn’t have been possible without your dedicated advocacy efforts, so thank you! We are also grateful to housing champions in the Minnesota House and Senate for showing commitment to these issues. 

To recognize and celebrate this work, we are doing a blog series to highlight important Homes for All legislative victories in various committees. Today, we are spotlighting housing finance. The past two weeks brought historic investments in housing by the Minnesota Legislature! The legislation passed will truly make a difference in the lives of Minnesotans across the housing continuum. Many of the successes were on Homes for All’s coalition-led items, including the following:

Financial Changes:

• Naturally Occurring Affordable Housing (NOAH)
  • $90 million for acquisition and rehabilitation of NOAH
• Capital Requests for Production and Rehabilitation Funding
  • $200 million for housing infrastructure in cash
  • $40 million in homeownership investment grants to develop and rehabilitate affordable homeownership opportunities
  • $4.8 million for local housing trust fund matching
  • $10 million each for the manufactured home cooperative pool purchase and for lending grants
  • Additional $15 million for the manufactured home park infrastructure grants
  • Additional $20 million in one-time funding for workforce homeownership
• Bring It Home Rental Assistance
  • $46 million per biennium for Bring It Home General Fund
    • PLUS a sales tax portion will go towards the fund
• Family Homelessness Prevention and Assistance Program (FHPAP) for Emergency Rental Assistance (ERA)
  • Additional $45 million for Family Homelessness Prevention and Assistance Program (FHPAP) in fiscal year (FY) 2024-2025
• Down Payment Assistance
  • $100 million for the first-generation down payment assistance program run through the mid-Minnesota CDC

Additional Funding:

• $4 million for lead safe homes
• Additional $95 million in 2024-2025 for the challenge program
•  $50 million for SHARE
• Additional $2 million in base funding for Bridges and for Homework Starts with Home