The law increases the state's initial grant for building public housing from 18% to up to 23% of the initial value, with the minister determining the exact percentage based on market conditions. An additional grant of up to 5% may be provided for housing developed by municipalities, housing for students or disabled persons, and for properties converted from commercial use. The time period for certain procedural matters is extended from four weeks to six months, and the minister is given broad authority to set detailed regulations regarding grant allocation, conditions, and ownership transfers.