HF918 seeks to increase homeownership opportunities for underserved communities of color with a onetime $10 million appropriation in fiscal year 2024 to Build Wealth Minnesota.

Additionally, the bill would quadruple the organization’s fiscal year 2023 appropriation from $500,000 to $2 million for a family stabilization plan program. Costs could cover budget and debt counseling, outreach and financial literacy education.

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