Federal Grants to Boost Affordable Housing Construction and Local Planning.
This bill creates a new federal grant program managed by HUD to help local governments and planning agencies increase the supply of affordable housing. The funds can be used for crucial activities like updating restrictive zoning laws, improving housing inspection capacity, and directly funding the new construction of homes. This aims to make housing more accessible and affordable for residents, often linking new developments with public transit access.
Key points
Provides federal funding for local governments to reform zoning codes and reduce barriers that limit the construction of new, affordable homes.
Allows grant money to be spent directly on the new construction of housing units, significantly increasing local housing supply.
Supports planning efforts to improve access to affordable housing and public transportation simultaneously.
Status:
Introduced
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