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 appropriation is a one-time allocation intended to enhance housing affordability in the community.

The legislation emphasizes the importance of providing financial support to the Rondo Community Land Trust, which is expected to utilize the grant to implement activities that promote home ownership among lower-income households. This initiative aligns with broader efforts to address housing challenges and improve access to affordable housing options in Minnesota.