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Committee hears proposal to add $10 million to Challenge Program to spur workforce and affordable housing
Summary
Senate File 982 requests a one-time $10 million increase to the Economic Development and Housing Challenge Program to support locally identified workforce housing projects statewide. Nonprofit developers and community land trusts told the committee the program acts as gap funding and leverages multiple sources; the bill was laid over for possible
Senator Bolden presented Senate File 982 to the Minnesota Senate Committee on Housing and Homelessness Prevention, seeking a one-time $10 million increase to the Economic Development and Housing Challenge Program, a gap-funding source intended to build housing affordable to local workforces.
“Since 2020 the challenge program has built or preserved more than 1,300 single family homes and more than 800 units of affordable rental housing,” Senator Bolden said, describing the program as flexible and locally focused. The committee heard testimony from nonprofit…
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