Minnesota proposes a sales tax increase to fund housing initiatives, creating three new funds and councils.

Minnesota HF3279 proposes a sales tax increase of three-eighths of one percent, dedicating the receipts for housing purposes. The bill creates three funds: the homeownership opportunity fund, the community and household stability fund, and the rental opportunity fund. Each fund has a specific purpose, such as assisting in the creation and rehabilitation of homes for owner occupancy or providing emergency financial assistance to homeless individuals.

Minnesota proposes a sales tax increase to fund housing initiatives, creating three new funds and councils.

Minnesota HF3279 proposes a sales tax increase of three-eighths of one percent, dedicating the receipts for housing purposes. The bill creates three funds: the homeownership opportunity fund, the community and household stability fund, and the rental opportunity fund. Each fund has a specific purpose, such as assisting in the creation and rehabilitation of homes for owner occupancy or providing emergency financial assistance to homeless individuals.