HF4905

Purpose

• This bill provides a one-time funding plan to make the Rent Smart Wise and Ready online rental education course available statewide.

Main Provisions

• In fiscal year 2027, money from Minnesota’s general fund is appropriated to the Housing Finance Agency (HFA) commissioner.
• The funds are for statewide access to the Rent Smart Wise and Ready online rental education course, to be delivered through Build Wealth MN.
• The HFA must use the money to purchase licenses for the Rent Smart Wise and Ready curriculum.
• Licenses are for individuals and families seeking rental assistance and for households in subsidized housing programs.
• The HFA must contract with Build Wealth MN (the developer and sole provider of the curriculum) to deliver and administer the program statewide.
• This appropriation is a one-time funding action, not an ongoing program cost.

Significant Changes to Existing Law

• Establishes a one-time general fund appropriation to fund statewide access to the Rent Smart Wise and Ready course.
• Creates an obligation for the Housing Finance Agency to procure licenses and contract with Build Wealth MN to deliver the program statewide.
• Does not specify ongoing funding beyond this one-time appropriation.

Relevant terms - Rent Smart Wise and Ready - Build Wealth MN - Housing Finance Agency (HFA) - general fund - fiscal year 2027 - licenses - curriculum - online rental education course - statewide access - rental assistance - subsidized housing programs - contract - developer - sole provider - one-time appropriation - commissioner