The proposed amendments to Senate Bill No. 2225 aim to establish a $50 million appropriation for the Department of Commerce to create a community property improvement grant program. This program is designed to assist political subdivisions in addressing housing needs through slum and blight removal and remediation. The bill replaces the previous focus on "housing for opportunity, mobility, and empowerment" with a more targeted approach to property improvement. The funding is intended to be a one-time allocation, with specific guidelines for grant distribution based on community population size.

Additionally, the bill stipulates that the Department of Commerce can only utilize the appropriated funds if matching funds are secured from nonstate sources on a dollar-for-dollar basis. This includes contributions from political subdivisions, tribal entities, and local developers. A report on the program's status, including expenditures and the number of housing units supported, is required to be submitted to the legislative management and the governor by June 30, 2026. The bill is declared an emergency measure, indicating its urgency for implementation.