Plain English Breakdown
The bill summary does not provide specific details on how the funds will be used beyond rehabilitation, preservation, equipping, and repairing deeply affordable housing.
St. Paul Public Housing Grant Funding
This bill provides $20 million in grant funding from the state's general fund to the Minnesota Housing Finance Agency for the public housing agency of St. Paul and its affiliated entities, including Capital City Affordable Housing.
What This Bill Does
- Provides a one-time grant of $20 million from the state's general fund to the Minnesota Housing Finance Agency.
- The money is given to help the city of St. Paul’s public housing agency fix, keep up, and improve its affordable single-family homes and duplexes.
- This funding also supports Capital City Affordable Housing, a nonprofit corporation controlled by the city of St. Paul.
Who It Names or Affects
- The city of St. Paul's public housing agency
- Capital City Affordable Housing, a nonprofit corporation controlled by the city of St. Paul
Terms To Know
- General Fund
- A fund that holds money for different state programs and services.
- Affordable Housing
- Housing that costs less than what people can afford, usually no more than 30% of their income.
Limits and Unknowns
- The bill only provides funding for one year in fiscal year 2026.
- It does not specify how the money will be spent beyond fixing and improving homes.