The Minnesota House of Representatives debated late into the night on Thursday, as they discussed SF 3656, the Omnibus Supplemental Finance bill. Included in this bill are two provisions that would positively impact housing.
- HF 3044, a bill that would require legislative oversight for any state rulemaking that would impact homeowners by $1,000 or more. Despite an attempt from Rep. Mike Sundin (DFL, Esko) to remove this portion of the omnibus bill, author Rep. Bob Vogel (R, Elko New Market) stood strong to defend homeowners and advocating to make affordability a part of the discussion. To watch the full discussion click here (starts at 2:25:00).
$1,000 may not sound like a lot of money, but for every $1,000 increase in the price of a home, 4,000 Minnesotans are priced out of the market. – Rep. Bob Vogel
2. Additionally a $400,000 allocation towards Project Build Minnesota was included in the omnibus bill. Project Build Minnesota is leading the charge to help address the construction workforce shortage.
The Omnibus Supplemental Finance bill now returns to the Senate. Assuming the Senate does not concur with the changes between the House and Senate versions, a conference committee is expected to convene early next week to work out the differences.
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