Arrowhead Economic Opportunity Agency grant appropriation

This bill appropriates $2 million from the general fund for a one-time grant to the Arrowhead Economic Opportunity Agency through the Minnesota Housing Finance Agency. The funds must create a revolving fund to acquire and rehabilitate tax-forfeited properties, which will then be sold to owner-occupants at affordable prices for local workers. The agency must use the money exclusively for this housing purpose, with no other uses permitted. This is a specific funding allocation for housing development in the Arrowhead region, not a broader policy change.