The proposed bill, H.B. No. 2025-2026, aims to establish a grant program under section 122.635 of the Revised Code to support townships and municipalities that adopt pro-housing policies. The bill defines a "major workforce housing project" as one that reserves at least twenty units for households earning between sixty and one hundred percent of the county's median income. The Department of Development will provide grants to eligible townships and municipalities that implement at least three specified pro-housing policies, with a focus on ensuring that funds are used effectively for housing development, first-time home buyer support, and other related initiatives.

The bill also outlines the allocation of funds, stipulating that no single township or municipality can receive more than fifteen percent of the total available funds, and that at least twenty-five percent of the funds must be reserved for those that adopt six or more pro-housing policies. Additionally, it creates the Housing Accelerator Fund within the state treasury, which will be used to facilitate these grants. The bill appropriates $50 million for the Housing Accelerator program for fiscal years 2026 and 2027, emphasizing the importance of documentation and compliance for grant recipients to ensure funds are utilized for their intended purposes.