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Support for affordable housing construction using community development funds.

This act allows federal Community Development Block Grant Program funds to be used for the new construction of affordable housing. This means more affordable housing options may become available for low and moderate-income individuals, potentially improving housing accessibility.
Key points
Federal Community Development Block Grant funds can now be used for new affordable housing construction.
The change aims to increase the supply of housing for low and moderate-income individuals.
New rules apply only to funds appropriated after the act's enactment date.
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Additional Information
Print number: 118_HR_6948
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2024-01-10