Legislative Budget
The 2024 legislative session resulted in $10 million in supplemental budget funding for housing in Minnesota, with some adjustments in appropriations from the prior year to meet emerging needs across the state. New dollars were primarily directed to the Family Homelessness Prevention and Assistance Program (FHPAP), which serves some of the most vulnerable populations statewide.
The Agency also received $50 million in additional Housing Infrastructure Bond authority to fund construction and preservation of housing throughout the state.
Policy updates included:
- Simplifying program eligibility requirements
- Expanding program uses to include new energy efficiency and decarbonization uses
- Clarifying Tribal eligibility for funding
- Including cooperatively owned housing in eligibility for Housing Infrastructure funding
The Legislature created three working groups or task forces to study challenges facing the housing ecosystem: Simplifying Supportive Housing Resources, Long-Term Sustainability of Affordable Housing, and Common Interest Communities and Homeowners Association.
2023 Session Recap
The 2023 session was unprecedented, with over $1.3 billion invested in housing.
An estimated $625 million went to existing programs and $440 million to over 15 new, largely one-time programs or activities, balancing the following priorities:
- Rental and homeownership
- New construction and preservation
- Deeply affordable housing and market-rate housing in Greater Minnesota
- Homelessness prevention and homeownership development
- Rental assistance and downpayment assistance
In a typical biennium, Minnesota Housing receives around $115 million in appropriations for specific programs that support homeownership, development of affordable rental housing and prevention of homelessness.
