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.
Status:
Expired
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