The bill appropriates $2,000,000 from the general fund for fiscal year 2026 to the commissioner of the Minnesota Housing Finance Agency, specifically for a grant to the Arrowhead Economic Opportunity Agency. This funding is intended to be used as a revolving fund for the acquisition and rehabilitation of tax-forfeited properties, with the goal of making these homes available for owner occupancy.

Additionally, the bill stipulates that the housing developed with this grant must be affordable to the local workforce, ensuring that the initiative supports community needs. This appropriation is designated as a one-time funding measure, emphasizing its temporary nature in addressing housing challenges in the region.