Transcript Highlights:

• Hugo Salis Galena with the Department of Finance.
• We'll go ahead and get started with Finance again.
• Hugo Solis Galena with the Department of Finance.
• Hugo Solis Galena with the Department of Finance.
• We'll start with Finance. Hugo Solis-Galiana from the Department of Finance.

Summary: The subcommittee on Education Finance heard an overview of the governor’s budget proposals and higher education financial aid trends, with a major focus on the Middle Class Scholarship (MCS), Cal Grant spending, and the effects of recent federal student aid changes. The Department of Finance said the budget would fully fund Cal Grant at projected levels and reduce MCS coverage from 35% to 17.5% of unmet need in 2026-27, while the Legislative Analyst’s Office supported considering the reduction as a cost-saving measure given out-year deficits. UC and CSU representatives opposed the cut, saying MCS is important to affordability and debt-free degree goals; they estimated average awards would fall substantially and that campuses do not have funds to backfill the loss. The Student Aid Commission said the proposal would reduce aid but simplify administration, and members questioned how lower awards would affect students, borrowing, and work-study options. No vote was taken, and the issue was held open for possible future action. The committee then discussed federal changes to student loans and Pell Grant policy under H.R. 1, including caps on Parent PLUS loans, elimination of Grad PLUS loans, and new proration rules for federal direct loans based on enrollment intensity. The LAO said these changes would likely push some borrowers into the private market, especially graduate and professional students and some parents of students at private institutions. CSU said the changes would affect thousands of graduate and part-time students and could reduce access by about $97 million in loan availability for part-time borrowers, while UC said the new definitions of professional degrees were too restrictive and would reduce access for nursing, teaching, law, dentistry, and other programs. Community colleges said they use relatively little federal loan aid but are monitoring Workforce Pell. Members raised concerns about workforce impacts, social mobility, and whether the state should consider alternative loan programs or other ways to reduce student costs. This issue was also held open. In the segment financial aid update, the LAO reported Cal Grant spending is projected to rise to about $3.2 billion in 2026-27, driven by more recipients and higher awards tied to UC and CSU tuition increases, while CSAC said FAFSA and CADAA applications are up significantly year over year. CSU, community colleges, and UC described their aid packaging and rising aid totals, with CSU reporting over $5.5 billion in aid to 381,000 students, community colleges reporting over $4.3 billion to more than 920,000 students, and UC reporting $3.17 billion in grant aid to undergraduates. Members asked about Cal Grant reform, application trends, and long-term outcomes; UC and community colleges pointed to alumni and wage dashboards, and the LAO noted the state’s Cradle to Career data effort. The committee then took public comment, including testimony on library funding and other education-related priorities, and concluded by holding the issues open without formal action.

Transcript Highlights:

• germane to the following Senate committee substitute for committee substitute for House Bill 381, Finance
• Our House Finance Committee did some great work, and I think it's really important to this body.
• amended, thus adopting Senate committee substitute for House Bill 381, finance amended, and recommend
• amended, thus adopting Senate committee substitute for House Bill 381, finance amended?
• It will also be referred to the Finance Committee.

Keywords: 905, all

Transcript Highlights:

• I'll call this meeting of the House Finance and Policy Committee to order and note that a quorum is present
• We will now move on to our one bill for the day, which is our housing finance bill.
• And this leaves the total Minnesota Housing Finance Fund base at $319.6 million. $319.618 million in
• The program slated to receive more one-time resources in your bill will help the agency finance more
• Since 2012, housing infrastructure resources have financed more than $9.6 billion.

Transcript Highlights:

• And then for new members again, and anyone who wants to attend, the Legislative Finance Committee is
• consideration and reports same with the recommendation that it do pass and thence referred to the Finance
• Business transportation committee, then Senate Finance Committee.
• Unanimous consent to change the Senate Judiciary to the Senate Finance Committee.
• I think that was either a handwriting error on our part, but clearly it needs to be in Senate Finance

Transcript Highlights:

• I just want to thank the Campaign Finance Board.
• publicly thank the campaign finance publicly thank the campaign finance board<00:56:52.880> for
• finance uh know when they should<00:57:39.440> update<00:57:39.760> it?
• <01:01:50.480> Um<01:01:50.799> there the campaign f finance board.
• Um there the campaign f finance board.

Keywords: 1187, senate, all

Transcript Highlights:

• Let's say this is established, and now this is a vehicle that can be used for the financing, a financing
• mechanism or part of a financing mechanism for that kind of a new project.
• And the stadium that is there today was financed without that kind of investment.
• , a financing mechanism or part of a financing mechanism for that kind of a new project.
• But what's I think important. was financed without that kind of investment.

Keywords: 988, house, all

Transcript Highlights:

• notice and affecting the revenues of the state under Rule 31 will be referred to the Committee on Finance
• for notice and affecting the revenues of the state under Rule 31 is referred to the Committee on Finance
• which recommends that the bill finance which recommends that the bill ought<00:06:55.039> to<
• I recognize the senator from Addison, Senator Hardy, for the report of the Committee on Finance.
• the committee on finance. the committee on finance.

Keywords: 927, senate, all

Transcript Highlights:

• healthcare policy and financing healthcare policy and financing transfers<01:07:16.640> to
• healthcare policy and financing healthcare policy and financing transfers<01:14:20.400> to
• Transfers to other state financing.
• Healthcare policy and financing Healthcare policy and financing transfers<01:35:40.560> to
• healthcare policy and financing. healthcare policy and financing.

Keywords: 981, all

Summary: The House convened with a quorum, approved the prior journal, and heard several brief recognitions before moving to business. Members welcomed foster care advocates for Child Abuse Prevention Month, Girl Scouts visiting the Capitol, and participants in Black Maternal Health Week, with remarks emphasizing foster youth voice, leadership development, and the need for culturally competent maternal health care and doula/midwife support. The chamber then took up House Joint Resolution 1026, honoring former Governor Roy Romer and designating a portion of I-25 as the Governor Roy Romer Memorial Highway. Supporters highlighted Romer’s long public service, his work on education and infrastructure, and his role in major state projects. A proposed amendment to strike the word “memorial” was withdrawn, the House suspended the rules to allow Romer to speak from the well, and Romer offered remarks about legislative collegiality and the importance of democracy and listening to opposing views. House Joint Resolution 1026 was adopted on a 60-0 vote, with four excused and one absent. After a brief recess, the House returned to special orders and resumed reading House Bill 1410 at length, continuing through extensive appropriations language for the Department of Human Services, including child welfare, youth services, Medicaid-related transfers, SNAP and benefits administration, and other funding line items. No final action on House Bill 1410 was taken in the portion provided.

Transcript Highlights:

• Ida Lee Spettis with the Department of Finance.
• George Harris for the Department of Finance. George Harris, for the Department of Finance.
• Chaudet and area of the Department of Finance.
• Alex Ivelasquez with the Department of Finance.
• So, Finance, do you want to go first? Yes. Alex and I have Alaska's with the Department of Finance.

Keywords: 988, house, all

Summary: The Assembly Budget Subcommittee on Education Finance heard testimony and took up three main budget areas: the Expanded Learning Opportunities Program (ELOP), differentiated assistance and the statewide system of support, and universal school meals with kitchen infrastructure grants. Public commenters and agency witnesses generally supported continued or increased funding for ELOP, with several groups urging stabilization of Tier 2 rates, more support for older youth, and preservation of equity guardrails and local flexibility. On school meals and kitchen infrastructure, testimony broadly supported universal meals and additional kitchen funding, while the LAO questioned the need for a fourth round of kitchen grants and recommended rejecting it until clearer unmet-need data are available. For ELOP, the Department of Finance described the Governor’s proposal to provide $4.7 billion ongoing for the program and $62.4 million ongoing to set a minimum Tier 2 rate of $1,800 per pupil. The LAO recommended instead fixing the Tier 2 rate at $1,579 and tying future changes to program requirements. CDE said the program is showing positive results in attendance and math, but data on enrollment patterns, TK participation, and some overlap with other programs are still being collected. Members raised concerns about possible double-funding with ACEs and 21st Century programs, the lack of site-specific data, and whether the current structure best targets students most in need; the issue was left open. For differentiated assistance, CCEE outlined the current statewide system of support and the Governor’s proposal to shift to universal and targeted assistance with a three-year cycle. Finance said the proposal would provide more stable county office funding, broaden universal supports, and give the State Board more flexibility to revise eligibility criteria; it also proposed $131.9 million ongoing for universal and targeted assistance. The LAO objected to changing the system before the State Board finalizes the new performance criteria and recommended revisiting the proposal later, while several members worried that a three-year entry window and broader board authority could weaken subgroup-based equity protections. The committee also discussed school meal funding, with Finance proposing $1.8 billion for universal meals and $100 million ongoing plus $100 million one-time for kitchen infrastructure, while CDE emphasized ongoing needs, deferred maintenance, and the importance of flexibility for innovative strategies such as food pantries. The committee held the issues open and invited additional public comment before moving on.

Transcript Highlights:

• Ida Lee Spettis with the Department of Finance.
• George Harris for the Department of Finance. George Harris for the Department of Finance.
• Chaudet Anarea from the Department of Finance.
• Alex Ivelasquez with the Department of Finance.
• So, Finance, do you want to go first? Yes. Alex and I have... with the Department of Finance.

Summary: The committee heard testimony on three education budget items: the Expanded Learning Opportunities Program (ELOP), differentiated assistance/statewide system of support, and universal school meals plus kitchen infrastructure grants. For ELOP, the Department of Finance described the Governor’s proposal to provide $4.7 billion ongoing Proposition 98 funding and $62.4 million to set a minimum Tier 2 rate of $1,800 per pupil. The LAO recommended instead fixing the Tier 2 rate at $1,579, and committee members questioned how the rate was determined, how much funding is actually spent, and whether overlapping funding from ELOP, ACEs, and 21st Century programs is being tracked. CDE said ELOP is showing positive attendance and math outcomes, but some requested data will not be available until mid-2027; members also raised concerns about double-funding, transparency, and whether middle and high school students are being equitably served. On differentiated assistance, CCEE outlined the statewide system of support and the various tiers of universal, targeted, supplemental, and intensive assistance. Finance explained the Governor’s proposal to replace the current DA structure with a more stable universal and targeted assistance model, funded at $131.9 million ongoing, with a three-year support cycle aligned to LCAP and ESSA timelines and broader State Board authority to revise eligibility criteria. The LAO objected to considering the proposal before the State Board finalizes the new performance criteria, and committee members expressed concern that moving to a three-year cycle could delay support for LEAs that newly fall into need mid-cycle. There was also discussion about whether the proposal would weaken subgroup-based equity guardrails or give the State Board too much discretion over who qualifies for support. For school meals and kitchen infrastructure, Finance proposed $1.8 billion ongoing for universal meals and an additional $100 million ongoing plus $100 million one-time for a fourth round of kitchen infrastructure and training grants. The LAO recommended rejecting the new kitchen grant round because prior rounds are still being spent and the unmet need is not yet clear. CDE said prior investments have improved meal participation, efficiency, and menu variety, but many schools still lack the facilities for scratch cooking and face construction, electrical, and procurement barriers. Members asked for more data on how prior grants were used, which schools are benefiting, and whether funds could also support lower-cost food access strategies such as pantries, while noting federal restrictions on some meal-service innovations.

Transcript Highlights:

• Andrew Hall at the Department of Finance.
• Manisha Kapasuela, Department of Finance.
• Manish Kaposville, Department of Finance.
• Amartia Kumar, Department of Finance.
• Amartia Kumar, Department of Finance.

Summary: The subcommittee began by announcing a change in the agenda order, moving item 6 ahead of item 1 and then item 7, and noting there would be no votes taken on any items that day. Item 6 covered a proposed operational efficiencies control section for the Natural Resources Agency that would let multiple departments jointly fund landscape-scale or multi-jurisdictional projects and allow Finance to transfer climate bond funds to a lead state entity. The LAO said the proposal was reasonable but suggested the Legislature consider requiring summary notification on how it is used; Finance said it would consider that request. Item 7 focused on the 2026-27 biodiversity and nature-based solutions spending plan. Finance and the Wildlife Conservation Board described the climate bond funding for habitat restoration, wildlife crossings, public access, tribal nature-based solutions, and related work, including $111 million proposed for WCB and $30 million for Salton Sea habitat and public access projects. The LAO supported the overall approach but flagged the San Andreas Corridor Program as an area where the Legislature may want to specify geographic priorities. Members discussed the pace of Salton Sea work and whether the proposed projects would count toward disadvantaged community goals. Item 8 addressed Cal Fire’s aviation contract and staffing needs for wildfire response. Cal Fire said year-round fire activity, a larger and more complex aircraft fleet, and labor market pressures justified the proposed contract increase, including more mechanics, pilots, and maintenance support. The LAO recommended approval, saying the proposal addressed health and safety concerns. Members asked about contractor staffing, competition in the bidding process, and future technology for early fire detection and suppression. The committee then took up item 1 on golden mussel containment. Fish and Wildlife described the invasive species’ spread in the Delta, the task force and response framework, and a request for eight new positions funded by Prop. 4 to support control plans, outreach, monitoring, research, and coordination with partners and law enforcement. Members pressed the department on whether the state should fund more direct decontamination infrastructure and grants to local water managers, and on the realistic goal of containing the mussel. The chair and several members emphasized the urgency of the threat and requested an itemized breakdown of the $20 million request. The hearing then moved to a broader LAO overview of wildfire prevention and response funding, where the LAO summarized the state’s funding mix and warned that ongoing wildfire resilience funding will likely decline as one-time bond and GGRF funds are exhausted, prompting discussion of long-term funding options and the balance between prevention, suppression, and community hardening.

Transcript Highlights:

• I call this meeting of the House Housing Finance and Policy Committee to order.
• Minnesota Housing Finance Assembly would Minnesota Housing Finance Assembly would give<00:01:42.880><
• I'm not sure if you've talked with the Housing Finance Agency yet.
• I know they they finance agency yet.
• <00:08:45.200> Agency the the Minnesota Housing Finance Agency the the Minnesota Housing Finance

Bills: HF3600, HF3809, HF3608

Keywords: housing, community land trusts, competitive development, development programs, Minnesota, HF3809, Minnesota eviction law, landlord-tenant, residential lease, minor child, children in eviction, eviction complaint, defendant prohibition, expedited eviction, expedited hearing, summary eviction, tenant protections, housing policy, civil penalty, nonwaivable lease terms

Transcript Highlights:

• Well, I know that Senator Bolick is in Finance.
• But the states reserve the right to regulate campaign finance authority.
• We examine this issue of campaign finance.
• Campaign finance plays an essential role in the democratic process. That is clear.
• What is not always clear is who has oversight over campaign finance rules and regulations.

Keywords: 1182, all

Summary: The committee heard several bills and a memorial focused on foreign law, land ownership, presidential electors, and campaign finance/federalism. SB 1018 would amend Arizona’s foreign-law statute to explicitly include Sharia law; the sponsor and supporters said it was needed to prevent foreign legal systems from influencing Arizona courts, while opponents from the ACLU and others argued it singled out Islam, was unnecessary because foreign law is already prohibited, and would be unconstitutional. After debate, the committee recommended SB 1018 do pass by a 4-3 vote. The committee then considered SB 1075, which restricts conveyance of Arizona land to foreign entities deemed hostile to the United States and adds disclosure, penalty, and enforcement provisions through a five-page amendment. The sponsor said it was modeled on other states’ efforts to keep adversarial nations from acquiring land near sensitive sites; the committee adopted the amendment and recommended the bill as amended do pass by a 3-3 vote. SB 1141, dealing with presidential electors, would require electors to vote for a properly nominated successor if a winning presidential or vice presidential candidate dies or withdraws before the Electoral College meets, and would deem an elector’s office vacant if the elector fails to vote. Supporters said it closes a gap in Arizona law and improves election continuity; it received a unanimous do pass recommendation. Finally, the committee heard SCM 1003, a memorial urging Congress to support federalism and a constitutional amendment affirming state authority over election processes and campaign finance. Supporters argued that money in politics and out-of-state or international influence have grown too large and that states should regain more control; some members noted concerns about the rhetoric around ActBlue and other groups but still supported the memorial’s general purpose. SCM 1003 received a unanimous do pass recommendation.

Transcript Highlights:

• The department will also solicit interest from the town of Guilford and New Hampshire Housing Finance
• The department also solicited interest from New Hampshire Housing Finance Authority, and they are not
• Authority and they are not Finance Authority and they are not interested. interested. interested.
• The department will also solicit interest from the town of Fremont and New Hampshire Housing Finance
• Hampshire Housing Finance Authority. Hampshire Housing Finance Authority.

Keywords: 928, house, all

Summary: The Long Range Capital Planning and Utilization Committee met and first approved the June 30, 2025 meeting minutes. The committee then took up a series of Department of Transportation property actions, including authorization to grant an access point in Exeter, sell two small tracts in Keene, amend a prior Guilford disposal based on a revised survey and appraisal, sell 0.42 acres in Lincoln, list and sell 9.77 acres in Chesterfield, sell 0.54 acres in Fremont, and approve a permanent access easement in Belmont. The committee also approved a utility easement in Albany and a permanent access easement on Route 153 for the Bickfords. Most of these items involved direct sales or listings, administrative fees of $1,100, and conditions requiring surveys and local/state approvals; several were approved unanimously after brief or no questions. Representative Faulkner declared a conflict of interest on the Chesterfield item, and Representative Newman sat in for that matter; later, Faulkner was recused from the Belmont item as well. The committee also approved a Department of Administrative Services request to grant a perpetual utility line easement to Public Service Company of New Hampshire for a facility under construction at the Hampstead hospital property, with the administrative fee waived because the grant was in exchange for utility service. During discussion of informational item LRCP25-038, staff explained that no committee action was needed because the item was only to notify members that a parcel’s fair market value had been reduced due to a change in access. The committee received additional informational materials from the New Hampshire Council on Resources and Development, including minutes from its May 8 meeting and memorandums on surplus land review for Meredith and Hampstead. The next meeting was set for December 9 at 9:30 a.m. at Granite Place, Room 228, and the chair noted the meeting would be on a Tuesday because of building scheduling. The committee then adjourned.

Transcript Highlights:

• This bill excludes financing from notice requirements but includes revenue.
• So we have passed this bill to allow the company to go get financing.
• I voted for—or rather, I voted against the House Finance version of the bill on June 12th.
• It's what gets projects financed even if they're not going to be paid off for 20 or 30 years.
• It would have shown progress to the finances, the investors.

Keywords: 905, all

Summary: The House met with a quorum, approved the journal, and received messages from the governor and Senate, including notice that the governor vetoed CSHB 16 and allowed HB 14 to become law without signature. The chamber then took up the conference committee report on HB 381, a major Alaska LNG-related bill that revises the project’s tax and regulatory structure. The conference report was explained as a compromise package that, among other things, changes required local contribution language, expands disclosure and notice requirements, adjusts foreign ownership reporting, extends the Phase 1 construction deadline, adds a $10 million workforce development/community impact fund, modifies project labor agreement provisions, and exempts the Alaska LNG project from the new pass-through entity tax while still requiring an informational tax return in 2027. The Speaker also announced the governor had issued a proclamation calling the legislature back into session on July 27, 2026, and said sine die would be moved after debate. Debate on HB 381 was sharply divided. Supporters argued the bill is necessary enabling legislation to improve the project’s financial viability, protect Alaska’s interests, and move the North Slope gas line toward final investment decision, while also adding transparency, foreign ownership safeguards, and labor and workforce provisions. Several members said the conference committee process was collaborative and that the bill reflects hard-fought compromise with the developer, AGDC, labor, and the administration. Opponents focused on the addition of the pass-through entity/S-corp income tax and related reporting requirements, arguing it is a separate tax policy issue that should have been considered in its own bill, creates uncertainty and litigation risk, could harm existing oil and gas and Cook Inlet production, and may discourage investment. Multiple members also criticized the process as rushed and insufficiently transparent, especially the limited opportunity for the minority and the absence of Department of Revenue testimony during conference. No final vote on the conference committee report is shown in the transcript excerpt. The debate continued with members alternating between support for the gas line project itself and opposition to the tax provisions and process used to advance HB 381.

Transcript Highlights:

• So if you have questions, that's the way to divide them: financing to finance and policy to the education
• S.159 — Finance. S.160 — Judiciary. S.161 — Education. S.162 — Health and Welfare.
• S.204 — Finance.
• >> finance >> finance >> s<00:41:49.359> 205 S.205 — Finance.
• Senate Finance will meet at 1:00.

Keywords: 927, senate, all

Transcript Highlights:

• <00:01:45.799> committee<00:01:46.680> he and chair of the finance committee he and
• chair of the finance committee he says<00:01:47.360> if<00:01:47.600> these<00:01:47.799
• For example, the Education Finance Committee will have to work through a more than $687 million drop
• We're going to have all-day Finance meetings. We're going to have all day on the floor.
• <00:03:38.400> meetings going to have all day Finance meetings going to have all day Finance

Keywords: 1187, senate, all

Transcript Highlights:

• Report saying with recommendation that it do pass and hence referred to the Appropriations and Finance
• Speaker, your Appropriations and Finance Committee, to whom has been referred House Bill 15, has had
• Finances or things like that.
• are oversight and governance over the finances of the school. Mr.
• Appropriations and Finance Committee. Respectfully submitted, D. Wanda Johnson, Chair.

Transcript Highlights:

• This bill is critical for financing parties for all existing projects and to ensure financing is available
• It would be amortized over whatever remaining financing term we have.
• and finance who submitted commentary Thank you, Mr.
• <00:49:13.000> at may not be able to obtain financing at may not be able to obtain financing
• that uh is approved for a financing that uh is approved for a financing order<01:08:41.319> upon

Keywords: 912, senate, all

Summary: The joint Senate hearing focused primarily on SB 1201, a wildfire measure that would create a wildfire recovery fund and allow securitization for electric utilities. Hawaiian Electric strongly supported the bill, saying it would help protect customers, property owners, insurers, and the broader economy from future catastrophic wildfire liability while improving the utility’s credit profile and lowering financing costs. Support also came from DCCA Consumer Advocacy, the Attorney General’s office on written comments, Ulupono Initiative, Clearway Energy Group, IBEW Local 1260, Par Hawaii, KIUC, the Chamber of Commerce Hawaiʻi, Plus Power, and numerous organizations and individuals. Opponents or commenters raised concerns about the liability cap, victim compensation process, and fund structure, including the Hawaiʻi Association for Justice, the Hawaiʻi Regional Council of Carpenters, and the Hawaiʻi Insurance Council; Henry Curtis of Life of the Land supported the concept of a fund but questioned the catastrophe threshold and whether the fund would be empty without a prudency finding. Much of the discussion centered on whether the proposed fund would actually help restore Hawaiian Electric to investment grade, with senators comparing the proposal to California’s wildfire fund. Hawaiian Electric said the bill was only one part of a broader process, alongside physical risk reduction and settlement finalization, and argued that without the bill the utility would not regain investment grade. Senators also questioned the proposed $1 billion fund size, the fairness of ratepayer contributions versus shareholder contributions, and whether customers should pay for consulting and administrative costs; Hawaiian Electric said its proposed amendment would remove those consulting-related charges. The company also said the fund would accrue interest and, if unused, could be returned to customers, and that there would be replenishment and supplemental contribution mechanisms if the fund were exhausted. The Attorney General’s office said it still had further amendments to discuss, and the departments had not yet resolved where the fund should reside administratively, though Hawaiian Electric said it believed DCCA was the appropriate place but was open to alternatives. KIUC requested two amendments. No vote or final committee action was taken during the hearing, and the measure remained under discussion with questions and proposed amendments still outstanding.

Transcript Highlights:

• the head of the state Housing Finance the head of the state Housing Finance Agency<00:04:47.440>
• <00:08:40.719> Agency things that a a Housing Finance Agency things that a a Housing Finance
• <00:09:34.760> of<00:09:34.920> new support the financing of new support the financing
• <00:09:37.600> of construction we support the financing of construction we support the financing
• always came in with housing financing always came in with housing financing after<01:05:06.440><

Keywords: 1183, house

Summary: The committee met for an agency overview from Minnesota Housing Commissioner Jennifer Ho. After member and staff introductions, Ho described Minnesota Housing’s mission, structure, and role as a mission-driven financial institution that issues bonds, uses earnings to support operations, and works across the housing continuum from homelessness prevention to homeownership and preservation. She emphasized that the agency is not a builder or regulator, but funds and partners with developers, local governments, nonprofits, and lenders. She also noted the agency’s four divisions, including a new local government housing programs division created after the 2023 legislative session expanded the agency’s responsibilities. Ho reviewed funding and program activity, saying Minnesota Housing spent $1.96 billion in fiscal year 2024 and helped more than 73,000 households. She highlighted that the agency’s work is heavily competitive and often oversubscribed, with many projects selected through RFPs and grants but more applications than available resources. She discussed 2023 and 2024 investments, including homeownership, rental, and manufactured housing projects, and said roughly half of competitive dollars have gone to Greater Minnesota over the last several years. She also explained the difference between funds committed and funds actually disbursed, noting that construction and rehabilitation projects can take many months to close and draw down funds. The commissioner also updated members on new programs created in 2023 and 2024, including first-generation down payment assistance, the Greater Minnesota Workforce Housing Development Program, public housing rehabilitation, state housing tax credits, and other local and regional initiatives. She said some programs are already closed out, while others remain in early implementation or are still accepting applications. Ho mentioned a forthcoming technical amendment to adjust a high-rise sprinkler program after eligibility issues limited participation. She closed with examples of projects preserved or funded, including a St. Louis Park preservation deal, public housing preservation in Greater Minnesota, a St. Cloud challenge project, and the first-generation down payment assistance program, which distributed $50 million to about 1,450 first-time buyers, most of whom were Black, Indigenous, or people of color. No votes or formal committee actions were taken.