Special purpose credit loan program appropriation through Build Wealth MN

Summary

The bill allocates $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 funds are to expand a revolving loan pool that provides affordable mortgage financing to underserved borrowers in communities of color. This one‑time appropriation aims to increase homeownership opportunities for those groups.

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

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