Housing development fund expenditure provisions modified, and allowed expenditures for the Minnesota Housing Finance Agency repealed.

Summary

The measure changes how the state’s housing development fund is managed, requiring separate accounting for appropriated money and allowing unencumbered balances to be moved between programs. It also makes all appropriations from the fund available until fully spent and eliminates several existing grant and program authorizations. The changes affect the Minnesota Housing Finance Agency and the nonprofit, local‑government and tribal groups that previously received those grants.

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