Constitutional Amendment proposal to increase the sales tax rate by three-eighths of one percent and dedicating the receipts for housing purposes; Homeownership opportunity fund, community and household stability fund, and rental opportunity fund establishment; fund councils establishment

This bill proposes a constitutional amendment to increase Minnesota's sales tax rate by 0.375% (three-eighths of one percent) starting July 1, 2027, for 25 years (through 2052). The revenue would fund three new housing-specific accounts: a homeownership fund (25% of revenue) for home purchases/rehabilitation, a community stability fund (25%) for emergency aid and services for homeless or at-risk households, and a rental fund (50%) for rental assistance and supportive housing. All funds must supplement, not replace, existing housing programs. The amendment requires voter approval at the 2026 general election before implementation.