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. The funds are 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. This initiative is intended to promote affordable housing opportunities within the community.

This appropriation is a one-time allocation, emphasizing the state's commitment to addressing housing needs and supporting community development through targeted financial assistance. The bill underscores the importance of making housing accessible to lower-income households, thereby fostering economic stability and growth in the region.