Bill > HR5938

This bill establishes a competitive grant program administered by the Secretary of Housing and Urban Development (HUD) to incentivize local governments to increase their housing supply. The program will award between $250,000 and $10 million annually to at least 25 eligible entities, which include metropolitan cities, urban counties, local governments, and Indian tribes that have demonstrated improvement in housing growth. To be eligible, entities must submit an application detailing how they will use the funds, which can include activities like revising zoning regulations, eliminating parking requirements, creating incentives for dense development, and reducing barriers to housing construction. The bill defines "attainable housing" as housing serving households with incomes between 60-120% of the area median income. Priority will be given to entities with innovative policies for increasing housing supply, and the bill specifically prevents HUD from mandating or preempting local zoning policies. The program is authorized $200 million annually from fiscal years 2027-2031, with funding amounts adjusted for inflation. Importantly, the bill aims to address housing affordability by encouraging local governments to adopt more flexible and creative approaches to housing development.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/5938/all-info