The bill proposes an appropriation of $2,000,000 from the general fund for the fiscal year 2025 to the commissioner of the Minnesota Housing Finance Agency. This funding is designated as a grant to the Arrowhead Economic Opportunity Agency, which is required to utilize the funds as a revolving fund specifically for the acquisition and rehabilitation of tax-forfeited properties intended for owner occupancy.

Additionally, the bill stipulates that the housing developed with this grant must be affordable to the local workforce, emphasizing the importance of accessible housing options in the community. This appropriation is characterized as a one-time funding initiative, aimed at addressing housing needs in the region.