Purpose

This bill sets up funding and a reporting process to support infrastructure grants and loans for manufactured home parks. It transfers money from Minnesota’s general fund into the housing development fund and appropriates money from that fund to the Minnesota Housing Finance Agency to support the manufactured home park infrastructure program. It also requires annual reporting on how the funds are used.

Key Provisions

• Funding transfers:
  • Transfers from the general fund to the housing development fund: $15,000,000 in fiscal year 2026 and $15,000,000 in fiscal year 2027, with $15,000,000 transferred in fiscal year 2028 and each year thereafter.
• Appropriations:
  • From the housing development fund to the Minnesota Housing Finance Agency for the manufactured home park infrastructure grants and loans: $15,000,000 in fiscal year 2026 and $15,000,000 in fiscal year 2027 (under Minnesota Statutes section 462A.2035 subdivision 1b).
• Reporting requirement:
  • By January 15 each year, the commissioner must report to the chairs and ranking minority members of the legislative committees with jurisdiction over housing finance and policy.
  • The report must include:
  • Grants and loans requested and funded during the prior fiscal year, organized by ownership type of the manufactured home park (private, cooperative, municipal) and by county.
  • The average amount of grants and loans awarded.
  • The average amount of loans issued.
  • The terms of the loans.
  • How repaid loan funds were used.

Significant Changes to Existing Law

• Establishes a dedicated funding stream from the general fund to the housing development fund and then to the Minnesota Housing Finance Agency specifically for manufactured home park infrastructure grants and loans.
• Introduces an annual reporting obligation to legislators detailing fund usage, loan terms, and ownership type breakdowns.

Implementation and Oversight

• Oversight and reporting are assigned to the commissioner of the Minnesota Housing Finance Agency.
• Reports are due by January 15 each year to the chairs and ranking minority members of the relevant legislative committees.

Effective Date / Timing

• Funding and reporting provisions specify start of the fiscal years 2026 and 2027 for appropriations, with ongoing transfers continuing in 2028 and each year thereafter.

Relevant Terms - general fund - housing development fund - manufactured home park infrastructure grants and loans - Minnesota Housing Finance Agency - Minnesota Statutes section 462A.2035 subdivision 1b - fiscal year 2026 - fiscal year 2027 - fiscal year 2028 - ownership type (private, cooperative, municipal) - county - terms of the loans - repaid loan funds - report (by January 15)