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Minnesota Housing warns of federal funding uncertainty, reports $269M dispersed from 2023–24 resources
Summary
Commissioner Jennifer Ho told the Senate Housing Committee Minnesota Housing dispersed nearly $269 million from 2023–24 appropriations, reported commitments of roughly $620–630 million more, and flagged federal risks including potential HUD staffing reductions and uncertainties around HOME and other federal programs.
Jennifer Ho, commissioner of the Minnesota Housing Finance Agency, updated the Senate Committee on Housing and Homelessness Prevention on federal funding flows, program administration and the agency’s recent activity.
Ho said appropriated resources comprised about 15% of agency activity in 2024 and described major federal funding streams that affect state housing activity, including HOME, the National Housing Trust Fund, HOPWA and HUD project‑based rental assistance. “By far, the largest line item that we touch is that we’re the administrator for 34,000 units of privately owned, HUD assisted, project based rental assistance,” Ho said, adding the program moves about $250 million a year and that median household income for residents in those households is roughly $15,000.
The commissioner reported the agency had dispersed nearly $269,000,000 from 2023 and 2024…
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