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Support for New Developers: Boosting Affordable Housing in Urban and Rural Areas.

This Act establishes a new grant program aimed at increasing housing availability. Funds will go to non-profit organizations and financial institutions to train and finance new, smaller developers. The goal is to build more affordable housing in underserved and high-opportunity areas, potentially improving housing options for citizens.
Key points
Creation of a $50 million annual fund (2026-2030) to support developers with limited experience and capital.
Funds must be used for loans, grants, and training to help new developers execute affordable housing projects.
Priority is given to building housing in areas with high housing needs and in distressed communities.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6737
Sponsor: Rep. Cleaver, Emanuel [D-MO-5]
Process start date: 2025-12-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

SPUR Housing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6737.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-12-16.

What are the main provisions?

Key points include:

  • Creation of a $50 million annual fund (2026-2030) to support developers with limited experience and capital.
  • Funds must be used for loans, grants, and training to help new developers execute affordable housing projects.
  • Priority is given to building housing in areas with high housing needs and in distressed communities.
What is the specific legal status?

The current status is Introduced.

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 Rep. Cleaver, Emanuel [D-MO-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Real Estate Public Investments Economy