HF4194 Summary

• Appropriates $792.1 million for housing programs in fiscal year 2025, including $50 million for housing affordability preservation investment program and $8.885 million for family homelessness prevention and assistance.

• Expands housing infrastructure bond authorization from $30 million to $80 million and adds eligible uses including distressed building recapitalization, cooperatively owned housing, and manufactured home parks.

• Establishes wage theft prevention requirements for projects receiving Minnesota Housing Finance Agency assistance, including contractor verification, disclosure of wage violations, and three-year disqualification for repeat violators totaling $25,000 or more.

• Creates task force to assess financial challenges of affordable housing providers and working group to study common interest communities and homeowners associations, with reports due February 2025.

• Prohibits landlord discrimination against tenants using rental assistance or housing vouchers and increases debt ceiling for housing general obligation bonds from $5 billion to $7 billion.