MN HF3975

Appropriates $5,000,000 in fiscal year 2017 from the general fund to the commissioner of housing finance for the home ownership assistance program to reduce home ownership rate gaps between the state overall and communities of color.

Appropriates $5,000,000 in fiscal year 2017 from the general fund to the commissioner of housing finance for transfer to the housing development fund for the economic development and housing challenge program to provide grants to community land trust programs.

Appropriates $5,000,000 in fiscal year 2017 from the general fund to the commissioner of housing finance for nonprofit capacity building grants through the Enhanced Financial Capacity Homeownership Initiative to reduce home ownership rate gaps in communities of color.

Designates $1,000,000 of the capacity building grants for the nonprofit Hmong American Mutual Assistance Association Incorporated.

Designates $1,000,000 of the capacity building grants for the nonprofit Lao Family Community of Minnesota.