Homeownership opportunity fund establishment, community and household stability fund establishment, rental opportunity fund establishment, increasing the sales and use tax rate by three-eighths of one percent, appropriating money to deposit in the funds, councils establishment to direct fund expenditures

Summary

The bill establishes a Homeownership Opportunity Fund, a Community and Household Stability Fund, and a Rental Opportunity Fund, and funds them by adding three‑eighths of one percent to the state sales and use tax. It also creates advisory councils, including a Community and Household Stability Council, to advise on the administration and implementation of the funds. The measures aim to improve housing stability and help prevent homelessness in Minnesota.

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