Bill > HR7791

This bill allows the Secretary of Housing and Urban Development (HUD) to give preference when awarding certain housing grants to applicants whose projects are located in or directly benefit communities designated as "qualified opportunity zones." A "covered grant" is defined as any competitive grant related to building, changing, fixing up, or maintaining housing, as determined by the Secretary. Qualified opportunity zones are specific economically distressed areas that have been identified for investment under federal law, and this bill aims to encourage housing development within these areas by prioritizing grant applications that serve them.