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Senate passes $165 million housing package with MHFA oversight changes; final vote 42-25
Summary
The Minnesota Senate repassed House File 1141, a supplemental budget and policy package for the Minnesota Housing Finance Agency that directs settlement and investment earnings to housing programs, expands housing infrastructure bonds, and adds agency transparency and reporting requirements. The final vote was 42–25.
The Minnesota Senate on a recorded vote approved House File 11 41, a supplemental budget and policy package for the Minnesota Housing Finance Agency that backstops homelessness prevention, expands housing construction financing and imposes new oversight measures on the agency.
Senator Porte, the bill’s author, told colleagues the conference committee version increases investments compared with the earlier Senate bill and combines multiple funding sources to deliver what she described as roughly $165,000,000 in housing investments. She said the package includes $40,000,000 from the Tyler settlement, $25,000,000 redirected from MHFA investment interest earnings, and an expansion of housing infrastructure bonds (HIBs) to $100,000,000,…
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