Conference committee adopts Minnesota housing omnibus, approves $15 million target and policy changes

The Conference Committee on Senate File 2298 adopted the conference committee report and an accompanying spreadsheet on May 16, approving appropriations and policy language for the 2025 Minnesota housing omnibus.

The committee voted to adopt the spreadsheet dated 05/16/2025 at 10:42 a.m. and then to adopt the conference committee report (coded CCRSF 2298). Both motions were approved by voice vote; no opposition was recorded on the floor of the committee.

The conference committee package implements the negotiated budget targets for housing: a $15,000,000 general fund target for fiscal years 2026–27 and an additional $3,800,000 in fiscal years 2028–29, according to staff briefing materials. Eric Olson, Senate fiscal analyst for the housing committee, summarized that the report meets the global targets agreement and noted two policy edits: the Senate provision restricting administrative costs fell out of the conference agreement, and the Minnesota Housing Finance Agency commissioner must now notify legislative housing committee chairs and ranking minority members before transferring funds.

The adopted spreadsheet and report allocate one-time and ongoing dollars across production, homeownership, and supportive services. Notable change items described by staff include:

- $2,000,000 (one‑time, FY 2026) for the Economic Development and Housing Challenge Program (development and redevelopment). - $2,000,000 (one‑time, FY 2026) for a workforce homeownership program. - $2,000,000 (one‑time, FY 2026) for Greater Minnesota Housing Infrastructure…