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Grants to Increase Housing Supply and Affordability in the US

This Act establishes a grant program for local and state authorities to develop and implement plans that increase housing supply and affordability. Citizens may benefit from more available and cheaper housing, especially in high-cost areas. The program prioritizes avoiding the displacement of current residents and supporting construction near public transit and job centers.
Key points
Funding: $300 million is authorized and appropriated annually (FY 2025-2030) to support local housing initiatives.
Two Grant Types: Planning grants (for developing strategies) and implementation grants (for executing plans to increase supply and reduce housing costs).
Priorities: Supporting projects that increase housing supply for all income levels, reduce bureaucratic barriers to development, and prevent resident displacement.
Rural Focus: At least 10% of the awarded funds must go to eligible entities located in rural areas.
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Additional Information
Print number: 118_S_3684
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2024-01-30
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Housing Supply and Affordability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3684.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-30.

What are the main provisions?

Key points include:

  • Funding: $300 million is authorized and appropriated annually (FY 2025-2030) to support local housing initiatives.
  • Two Grant Types: Planning grants (for developing strategies) and implementation grants (for executing plans to increase supply and reduce housing costs).
  • Priorities: Supporting projects that increase housing supply for all income levels, reduce bureaucratic barriers to development, and prevent resident displacement.
  • Rural Focus: At least 10% of the awarded funds must go to eligible entities located in rural areas.
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 Sen. Klobuchar, Amy [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Real Estate Public Investments Local Government