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 will focus on slum and blight removal and remediation, replacing the previous focus on housing for opportunity, mobility, and empowerment. The funding is intended to assist political subdivisions in addressing housing needs by allowing communities to identify their specific housing requirements and collaboratively develop solutions. The bill also includes a matching funds requirement, stipulating that funds must be matched on a dollar-for-dollar basis from nonstate sources, including local developers and private contributions.

Additionally, the bill outlines the allocation of funds based on community population sizes, with specific amounts designated for communities with fewer than 4,500 individuals, those with populations between 5,001 and 20,000, and larger communities. The Department of Commerce is tasked with establishing guidelines for the grant program and is required to report to the legislative management and the governor by June 30, 2026, on the program's status, including expenditures and the number of housing units supported. The bill is declared an emergency measure, indicating its urgency for implementation.