Minnesota Invests 108.6 Million into Housing

During the 2019 legislative session the state of Minnesota allocated $180.6 million towards building and preserving homes, increasing home stability and strengthening homeownership around the state.

The legislature approved appropriations of $120,596,000 for Minnesota Housing programs, including a $5 million one-time increase for the Economic Development and Housing Challenge program in FY 2020 (available during this year’s RFP) and increases in base funding for:

  • Family Homeless Prevention and Assistance Program (FHPAP)
  • Homework Starts with Home
  • Bridges
  • Manufactured Home Park Redevelopment Program
  • Workforce Affordable Homeownership Program

Additionally, the Capital Investment bill authorizes Minnesota Housing to issue $60 million in Housing Infrastructure Bonds during this year’s RFP to:

  • Preserve federally-assisted housing
  • Build and preserve permanent supportive housing
  • Purchase land for community land trusts
  • Build and preserve affordable senior housing
  • New use – Manufactured home community infrastructure and acquisition