SAINT PAUL, MINNESOTA – The Housing Policy and Finance Division, chaired by Rep. Alice Hausman (DFL-St. Paul), met remotely today to hear HF 4541. The bill allocates $100 million to the Minnesota Housing Finance Agency (MHFA) to assist thousands of Minnesota renters with their monthly payments. In addition, the funding will be used to help Minnesotans pay utility bills and property taxes, and help homeowners pay their mortgages.
“Housing security is one of many critical needs during this unprecedented time,” said Rep. Hausman. “The House proposal to assist renters and homeowners is necessary to lessen the effects the pandemic will have on stable housing and will ease the burden of those who have lost income related to the consequences of COVID-19.”
“Financial uncertainty brought on by the COVID-19 pandemic is going to make it increasingly difficult for some Minnesotans to ‘stay home’ as they struggle to afford the roof over their head,” said Rep. Howard. “The need for rental and housing assistance has brought together a broad coalition across the housing spectrum, and it’s important Senate Republicans join us at the table to deliver this urgently-needed relief.” Continue reading “Minnesota House Housing Division Approves $100 million to help Renters and Homeowners”