This bill proposes an appropriation of five hundred thousand dollars ($500,000) from the general fund to the Department of Finance and Administration. The funds are designated for expenditure in fiscal year 2026 and subsequent years to support the New Mexico Mortgage Finance Authority in fulfilling the objectives of 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, allowing the allocated funds to be carried over for future use in promoting affordable housing initiatives.