The bill proposes an appropriation of $2,000,000 from the general fund for the fiscal year 2026 to the commissioner of the Minnesota Housing Finance Agency. This funding is designated for a grant to the Arrowhead Economic Opportunity Agency, which is required to utilize the grant money as a revolving fund. The purpose of this fund is to acquire and rehabilitate tax-forfeited properties for owner occupancy, ensuring that the housing developed through this initiative remains affordable for the local workforce.

This appropriation is characterized as a one-time funding allocation, emphasizing its singular nature rather than a recurring financial commitment. The bill aims to enhance housing opportunities in the region by supporting the acquisition and rehabilitation of properties that can be made accessible to local residents.