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Senate file 2950 would fund Rondo Community Land Trust pilot with $11.5 million
Summary
Senate File 2950 would appropriate $11,500,000 in one‑time funding to the Rondo Community Land Trust to expand a homebuyer pilot for households at or below 115% of area median income in Ramsey and Dakota counties. The bill was laid over for possible inclusion in a future omnibus.
Senate File 2950, introduced in the Senate Committee on Housing and Homelessness Prevention, would provide $11,500,000 in one-time state funding to the Rondo Community Land Trust to expand a homebuyer initiative pilot for Ramsey and Dakota counties.
The bill’s sponsor, Senator Sarah Pappas, told the committee that escalating prices, stagnant wages and rising interest rates have made homeownership difficult for low-income households and that programs such as community land trusts are among the tools policymakers can use. “This bill illustrates just that,” Pappas said,…
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