Affordable Housing Support: Grants for Housing Plans
This act aims to increase housing availability and reduce costs through a grant program. Local governments and other eligible entities can receive funds to develop and implement plans that help build new homes and remove barriers to housing development. This could mean more housing options and potentially lower prices for citizens.
Key points
Grant program for states, cities, and Indian Tribes to create plans for increasing housing supply and affordability.
Funds can be used for analyzing housing needs, developing construction strategies, and streamlining development approval processes.
Priority for projects that improve housing accessibility for all, reduce construction barriers, and prevent displacement.
Requirement for engaging local communities in the housing planning and implementation process.
Ensuring at least 10% of funds go to rural areas, supporting housing development outside major cities.
Status:
Expired
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