The bill proposes an appropriation of $11,500,000 from the general fund for the fiscal year 2026 to support the Rondo Community Land Trust. This funding is designated for a home buyer initiative pilot program aimed at assisting households with an adjusted income at or below 115 percent of the area median income, as defined by the U.S. Department of Housing and Urban Development. The bill specifies that this is a one-time appropriation.

The grant is intended to enhance housing accessibility and affordability within the community, reflecting a commitment to support low- to moderate-income families in achieving homeownership. The funds will be managed by the commissioner of the Minnesota Housing Finance Agency, ensuring that the initiative aligns with state housing goals.