Bill

SF 1550

Cosmos multifamily housing with supportive services and child care appropriation

2025-2026 Regular Session Introduced by Andrew Lang and 1 co-sponsor

Authorizes a state capital investment to fund Cosmos multifamily housing with on-site supportive services and child care to aid housing stability for families.

Author added Mohamed

#childrenandfamiliesandchildren #youthandfamiliesdepartment #citiesandtowns-specific #housingandhousingfinanceagency

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Bill Summary · SF 1550

Summary of SF 1550: Cosmos multifamily housing with supportive services and child care appropriation

Overview

SF 1550 is a Minnesota Senate file introduced on February 17, 2025, under the title Cosmos multifamily housing with supportive services and child care appropriation. The bill appears to propose a state capital investment appropriation to support a housing project described as multifamily housing that includes on-site or integrated supportive services and child care. The companion House bill is HF 1462. The bill is categorized under housing and housing finance, as well as children, families, and related services.

Purpose and Intent

To authorize state funding (a capital investment appropriation) for the Cosmos multifamily housing project.
To support the development or operation of multifamily housing that is paired with supportive services and child care, aiming to improve housing stability for families and access to child care.
To advance coordination between housing programs and services for children and families, potentially leveraging funding from the Housing Finance Agency and the Department of Children, Youth and Families.

Key Provisions (as described in available materials)

Authorization of a capital investment appropriation to support the Cosmos multifamily housing project.
The project is described as multifamily housing with integrated supportive services and child care, suggesting a combined funding approach for both capital development and essential family-support services.
Specifics such as the exact funding amount, the number of units, service models, child care capacity, timelines, and matching requirements would be defined in the bill text and any amendments.

Note: The exact statutory language, funding levels, unit counts, service parameters, and implementation details are not provided in the materials available here. The description above reflects the bill’s title and plainer-language description.

Affected Parties

Developers and sponsors of the Cosmos multifamily housing project.
Minnesota Housing Finance Agency (likely involved in financing, project administration, or oversight).
Department of Children, Youth and Families (potential partners in providing or coordinating child care and supportive services).
Local government entities, particularly Cities and Towns, that would be involved in project siting, permitting, or local planning.
Families and individuals who would reside in the project and benefit from on-site or integrated child care and supportive services.

Procedural and Timeline Aspects

Introduction and first reading: February 17, 2025.
Author added: February 20, 2025 (Mohamed named as author).
Referral: Referred to the Capital Investment committee on February 17, 2025.
Related bill: HF 1462 (House companion).

Potential Impact

Increased supply of multifamily housing for families when paired with supportive services and child care.
Greater accessibility to high-quality child care for residents, potentially improving stability and family outcomes.
Fiscal implications for the state budget in the form of a capital investment appropriation; downstream effects on housing development timelines and service delivery capacity.
Enhanced collaboration between housing agencies and child/family services.

Next Steps for Interested Stakeholders

Monitor committee hearings and amendments in the Senate’s Capital Investment committee.
Review the companion HF 1462 for parallel provisions and House actions.
Once the bill text is public, assess specific funding amounts, unit counts, service provisions, regulatory requirements, and any sunset or reporting provisions.