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 considered a one-time allocation and is intended to be utilized until June 30, 2027.

Additionally, the bill outlines specific guidelines for grant distribution, including a requirement for matching funds from nonstate sources on a dollar-for-dollar basis. The Department of Commerce will provide grants to communities based on their population size, with a focus on enabling local entities, including tribal organizations and economic development corporations, to identify and address their unique housing needs. 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.