Funding provided for a special purpose credit loan program through Build Wealth MN, and money appropriated.

Summary

The bill directs $2 million from the state’s general fund for fiscal year 2027 to the Housing Finance Agency, which will grant the money to Build Wealth MN. The grant is meant to grow a revolving loan pool that offers low‑cost mortgage financing to borrowers in communities of color who have limited access to credit. This is a one‑time appropriation.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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