The bill proposes an appropriation of five million dollars ($5,000,000) from the general fund to the Department of Finance and Administration. This funding is designated for the New Mexico Mortgage Finance Authority to support operational funding and technical assistance grants for nonprofit organizations that focus on affordable housing, homelessness services, or transitional housing.

The appropriation is intended for expenditure during the fiscal years 2026 through 2030, and any unspent or unencumbered funds remaining at the end of fiscal year 2030 will revert back to the general fund. This initiative aims to bolster the capacity of nonprofit organizations in addressing housing needs within the state.