Minnesota SF2678 modifies the housing affordability fund for fiscal years 2026 and 2027.

Minnesota SF2678 mandates that at least 25 percent of the Housing Finance Agency's housing affordability fund, or Pool 3, in fiscal years 2026 and 2027 be allocated to the workforce and affordable homeownership development program. This allocation cannot be used for loans or other financing programs and no funds can be used for program administration. The commissioner of the Housing Finance Agency must report to the legislature by June 30, 2026, and 2027, on the number and amount of grants issued for single-family homes, townhomes, and manufactured homes, by income categories, and by county.

Minnesota SF2678 modifies the housing affordability fund for fiscal years 2026 and 2027.

Minnesota SF2678 mandates that at least 25 percent of the Housing Finance Agency's housing affordability fund, or Pool 3, in fiscal years 2026 and 2027 be allocated to the workforce and affordable homeownership development program. This allocation cannot be used for loans or other financing programs and no funds can be used for program administration. The commissioner of the Housing Finance Agency must report to the legislature by June 30, 2026, and 2027, on the number and amount of grants issued for single-family homes, townhomes, and manufactured homes, by income categories, and by county.