Assembly Bill 607 aims to address housing, homelessness, and economic security in Wisconsin by introducing various funding initiatives and program enhancements. The bill proposes to repeal several existing statutes related to housing assistance and amend others to create new funding streams, including an additional $5 million for housing grants and $10 million for an emergency rental assistance program for low-income families. It also mandates the Interagency Council on Homelessness to identify barriers to service access for homeless individuals and requires annual reports on homeless children and households with severe housing needs. Furthermore, the bill establishes a pilot program prioritizing homeless families in the federal Housing Choice Voucher Program and increases funding for civil legal services for indigent individuals, particularly in eviction cases.

In addition to housing initiatives, the bill expands workforce development programs by increasing funding for job training and support services, raising income eligibility thresholds for assistance, and establishing a pilot program for job services targeting individuals in homeless shelters. It also enhances community action agencies' capabilities by increasing their funding and expanding the income cap for service eligibility. The bill includes provisions for addressing lead exposure in children by ensuring access to early intervention services for those with elevated blood lead levels. Overall, Assembly Bill 607 seeks to improve the living conditions and economic opportunities for vulnerable populations in Wisconsin through comprehensive legislative changes and increased funding.