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Grants for Innovative Modular Construction to Boost Housing Affordability.

This Act establishes a federal grant program for states to support the industrialized construction of innovative residential units, such as modular or 3D-printed homes. The goal is to increase the supply of affordable and energy-efficient housing by providing financial incentives to small construction businesses. Citizens may benefit from increased availability and potentially lower costs of new housing units.
Key points
Financial support for states to develop modular, panelized, and 3D printing construction methods to speed up building and reduce housing costs.
Higher financial incentives are offered to companies that construct affordable housing units and energy-efficient units.
The program targets small construction entities (under 500 employees) implementing innovative building technologies.
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Additional Information
Print number: 118_HR_10179
Sponsor: Rep. Caraveo, Yadira [D-CO-8]
Process start date: 2024-11-20
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Innovative Housing Solutions and Affordability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10179.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-11-20.

What are the main provisions?

Key points include:

  • Financial support for states to develop modular, panelized, and 3D printing construction methods to speed up building and reduce housing costs.
  • Higher financial incentives are offered to companies that construct affordable housing units and energy-efficient units.
  • The program targets small construction entities (under 500 employees) implementing innovative building technologies.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Caraveo, Yadira [D-CO-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Real Estate Public Investments Economy