Minnesota SF4394: Minnesota Housing Finance Agency policy bill

What the bill says

A bill for an act relating to taxation; requiring a set-aside for housing tax credit allocations; modifying certain income provisions; modifying eligible uses of certain housing funds; modifying housing aggregate bond limitation; amending Minnesota Statutes 2024, sections 290.0683, subdivisions 1, 3; 462A.40, subdivision 3; 474A.02, subdivision 1a; proposing coding for new law in Minnesota Statutes, chapter 462A.

From the engrossed text, April 9, 2026:

A bill for an act relating to taxation; requiring a set-aside for housing tax credit allocations; modifying certain income provisions; modifying eligible uses of certain housing funds; modifying housing aggregate bond limitation; amending Minnesota Statutes 2024, sections 290.0683, subdivisions 1, 3; 462A.40, subdivision 3; 474A.02, subdivision 1a; proposing coding for new law in Minnesota Statutes, chapter 462A. Section 1. Minnesota Statutes 2024, section 290.0683, subdivision 1, is amended to read: Subdivision 1. Definitions. (a) For purposes of this section, the following terms have the meanings given. (b) "Agency" means the Minnesota Housing Finance Agency. new text begin [ADDED: (c) "Greater Minnesota" means the area of Minnesota located outside of the metropolitan area.] new text end new text begin [ADDED: (d) "Metropolitan area" has the meaning given in section 473.121, subdivision 2.] new text end deleted text begin (c)deleted text end new text begin [ADDED: (e)] new text end "Minnesota housing tax credit contribution account" or "account" means the account established in section 462A.40. deleted text begin (d)deleted text end new text begin [ADDED: (f)] new text end "Qualified project" means a project that qualifies for a grant or loan under section 462A.40. deleted text begin (e)deleted text end new text begin [ADDED: (g)] new text end "Taxpayer" means a taxpayer as defined in section 290.01, subdivision 6, or a taxpayer …

Read the full official text

Sponsors

• Lindsey Port (D) · primary sponsor
• Liz Boldon (D)
• Aric Putnam (D)

Latest actions

1. April 9, 2026: Comm report: To pass as amended and re-refer to Housing and Homelessness Prevention
2. March 18, 2026: Comm report: To pass as amended and re-refer to Taxes
3. March 12, 2026: Referred to Housing and Homelessness Prevention
4. March 12, 2026: Introduction and first reading

Common questions

What is SF4394?

SF4394 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Minnesota Housing Finance Agency policy bill.

What does SF4394 do?

In its own words: A bill for an act relating to taxation; requiring a set-aside for housing tax credit allocations; modifying certain income provisions; modifying eligible uses of certain housing funds; modifying housing aggregate bond limitation; amending Minnesota Statutes 2024, sections 290.0683, subdivisions 1, 3; 462A.40, subdivision 3; 474A.02, subdivision 1a; proposing coding for new law in Minnesota Statutes, chapter 462A.

What is the status of SF4394?

In committee as of April 9, 2026. Latest action: Comm report: To pass as amended and re-refer to Housing and Homelessness Prevention (April 9, 2026).

Who sponsored SF4394?

Lindsey Port (D), with 2 co-sponsors.

Where is the official record for SF4394?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4394&y=2025&ssn=0&b=senate