Minnesota SF2950 allocates $11,500,000 for a Rondo Community Land Trust grant to support a home buyer initiative pilot program.

Minnesota SF2950 provides a onetime appropriation of $11,500,000 from the general fund for the Rondo Community Land Trust. The grant, managed by the Minnesota Housing Finance Agency, is intended for a home buyer initiative pilot program. This program aims to assist households with an adjusted income at or below 115 percent of the area median income, as determined by the United States Department of Housing and Urban Development.

Minnesota SF2950 allocates $11,500,000 for a Rondo Community Land Trust grant to support a home buyer initiative pilot program.

Minnesota SF2950 provides a onetime appropriation of $11,500,000 from the general fund for the Rondo Community Land Trust. The grant, managed by the Minnesota Housing Finance Agency, is intended for a home buyer initiative pilot program. This program aims to assist households with an adjusted income at or below 115 percent of the area median income, as determined by the United States Department of Housing and Urban Development.