Fact-check · Oct 30, 2026 · Scott Bessent
“Program was so overrun with corruption that it ballooned from being about a $2,500,000 program when it was first... In 2020, just five years... Six years ago, to over a $100,000,000 in 2024”
TRUESaid in 4 broadcasts
What the record shows
Minnesota's Housing Stabilization Services program was estimated to cost $2.5-2.6 million annually when established in 2020, but reached $104-107 million in 2024 due to widespread fraud.
Multiple independent sources including news outlets, prosecutors, and state officials confirm the program grew from ~$2.5M initial estimate to ~$104-107M by 2024 amid documented fraud.
Sources
- State shuts down $107 million housing stabilization program, citing fraud • Minnesota Reformer
- Guilty plea for 2 defrauding Minnesota’s housing stabilization program
- Minnesota fraud charges unveiled by Feds in 'staggering' Medicaid scam
- Eight charged with wire fraud in Minnesota housing stabilization program • Minnesota Reformer
- Minnesota Fraud Illustrates Federal Aid Failure
- Minnesota House passes bill to end housing program "riddled with fraud" - CBS Minnesota
From: Secretary of the Treasury Scott Bessent Holds a Fraud Task Force Press Conference in St. Cloud, MN
Every time it was said
4 times, Aug 24, 2026 to Oct 30, 2026 · 2 true · 1 misleading · 1 false
TrueMisleadingFalse
The verdicts differ. Differences come from changes in the wording or in what each check found. Each check is linked below.
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