Minnesota HF4842 allocates $2,000,000 for Build Wealth MN to expand a special purpose credit loan program.
Minnesota HF4842 provides $2,000,000 in fiscal year 2027 from the general fund to the Housing Finance Agency. This funding is designated for a grant to Build Wealth MN, which will use the money to expand and administer a special purpose credit loan program. This program aims to offer affordable mortgage financing to underserved borrowers in communities of color.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.