Minnesota SF4967 appropriates $2,000,000 for Build Wealth MN to expand a special purpose credit loan program.

Minnesota SF4967 allocates $2,000,000 in fiscal year 2027 from the general fund to the Housing Finance Agency. This funding is intended for a grant to Build Wealth MN, which will use it to expand and administer a special purpose credit loan program. This program provides affordable mortgage financing to underserved borrowers in communities of color.

Minnesota SF4967 appropriates $2,000,000 for Build Wealth MN to expand a special purpose credit loan program.

Minnesota SF4967 allocates $2,000,000 in fiscal year 2027 from the general fund to the Housing Finance Agency. This funding is intended for a grant to Build Wealth MN, which will use it to expand and administer a special purpose credit loan program. This program provides affordable mortgage financing to underserved borrowers in communities of color.