This bill appropriates five hundred thousand dollars ($500,000) from the general fund to the Department of Finance and Administration for the fiscal year 2026 and subsequent years. The funds are designated for the New Mexico Mortgage Finance Authority to support the objectives outlined in the Affordable Housing Act.

Additionally, the bill stipulates that any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund, ensuring that the allocated funds can be carried over for future use in promoting affordable housing initiatives.