Minnesota HF999 modifies the community-based first-generation homebuyers assistance program and appropriates funds for it.

Minnesota HF999 amends the community-based first-generation homebuyers assistance program by establishing it as a pilot project. The program provides targeted assistance to eligible households, defined as those with an adult member who either never owned a home or lost a home due to foreclosure. Assistance is limited to 10% of the median home sales price. Funds are available for down payments, closing costs, and principal. The program is administered by the Midwest Minnesota Community Development Corporation (MMCDC).

Minnesota HF999 modifies the community-based first-generation homebuyers assistance program and appropriates funds for it.

Minnesota HF999 amends the community-based first-generation homebuyers assistance program by establishing it as a pilot project. The program provides targeted assistance to eligible households, defined as those with an adult member who either never owned a home or lost a home due to foreclosure. Assistance is limited to 10% of the median home sales price. Funds are available for down payments, closing costs, and principal. The program is administered by the Midwest Minnesota Community Development Corporation (MMCDC).