Grants and Loans for Affordable Housing Near Health and Essential Services.
This Act establishes a new federal grant and loan program to fund the development and preservation of affordable housing units in areas facing shortages. The core requirement is that these units must be strategically located near essential amenities like health centers, grocery stores accepting food benefits, childcare, and public transportation. The goal is to improve residents' well-being by ensuring easy access to critical daily services.
Key points
Allocates $100 million annually (2024-2028) to create and maintain affordable housing in high-need areas.
Funding priority is given to projects located near essential services: healthcare providers, pharmacies, grocery stores (accepting SNAP/WIC), childcare, or public transit.
The program aims to link affordable housing access directly with health and basic daily needs, potentially reducing living costs and improving resident welfare.
HUD is required to survey residents for 10 years to assess the perceived benefits of living close to these amenities.
Expired
Additional Information
Print number: 118_HR_8186
Sponsor: Rep. Stevens, Haley M. [D-MI-11]
Process start date: 2024-04-30