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Legislative Update: Housing Development Resources for 2023 Multifamily Consolidated Request for Proposals

The 2023 legislative session was a historic year with a more than $1.3 billion investment in housing! The new state funding will help to create and preserve multifamily rental housing, make homeownership more accessible, support manufactured housing, and increase housing stability resources such as emergency rental assistance and rent assistance.

Approximately 50% of the state funding is capital for housing development and preservation. Two of the largest capital resources are $200 million in the Housing Infrastructure program and nearly $121 million in the Economic Development and Housing Challenge program. These two funding sources will be made available in the 2023 and in the 2024 Consolidated RFPs for eligible multifamily, single family, and manufactured housing uses as outlined in Chapter 37 of Minnesota’s 2023 Regular Session Laws.

Additionally, several new programs were created, including the Community Stabilization program to support naturally occurring affordable housing ($90 million) and the Greater Minnesota Housing Infrastructure program ($8 million). There are also significant increases in existing capital resource programs, such as the Greater Minnesota Workforce Housing Development program ($39 million) and the Publicly Owned Housing program ($87 million). These funding resources will be made available in separate RFPs.

Stay tuned for more information and next steps about these and other programs that were created this legislative session. 

Questions?

Refer to the 2023 Legislative Summary for an overview of the resources coming to Minnesota Housing. Contact Dan Kitzberger, Minnesota Housing’s Legislative Director, at dan.kitzberger@state.mn.us with any questions.