On page 16, after line 14, insert the following:

"The appropriations in this section are subject to the following conditions and limitations: Within the amounts appropriated in this section, the office of the lieutenant governor shall conduct a review of retail or commercial properties with substantial potential for redevelopment as residential or mixed-use properties providing market rate and affordable housing supply, and identify state or local legislative actions that would reduce costs and accelerate delivery of new housing supply. The office shall solicit letters of interest from the owners or developers of such properties to be received no later than September 1, 2025. By December 1, 2025, the office must review the letters of interest and submit a report to the appropriate committees of the legislature identifying state or local legislative actions including, but not limited to, regulatory and tax incentives, permit streamlining, infrastructure assistance, support for local development agreements, or other actions that would accelerate delivery and reduce costs of new housing supply."