Federal Grants Adjusted: Rewards and Penalties for Local Housing Growth Rate.
This law changes how federal Community Development Block Grants (CDBG) are allocated, rewarding cities and counties that significantly improve their rate of new housing construction. If your local government speeds up building, it receives bonus funds for community projects; if the growth rate is too slow compared to peers, the grant is cut by 10%. The goal is to push local authorities to reduce regulatory barriers like restrictive zoning, potentially leading to more available housing.
Key points
Local governments showing the greatest improvement in new housing construction rates will receive extra federal funding for community development projects.
Cities and counties that fail to improve their housing growth rate will lose 10% of their standard federal grant (CDBG), potentially limiting local project funding.
The law encourages local authorities to reform zoning and permitting rules to make it easier and faster to build new homes and apartments.
Introduced
Citizen Poll