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Boosting Affordable Housing Construction: New Funding Opportunities.

This act aims to facilitate the construction of new, affordable housing. It allows community development programs to use funds for new construction, not just renovations. This could lead to more affordable homes for low and moderate-income individuals.
Key points
Community Development Block Grant Program funds can now be used for new construction of affordable housing.
These changes apply only to funds appropriated after the act's enactment date.
Increased flexibility in using federal funds to create new housing for those in need.
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Additional Information
Print number: 117_HR_9522
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2022-12-13