Grants and Aid to Build Affordable Housing on Church and University Land.
This Act aims to boost the supply of affordable rental housing by utilizing surplus property owned by faith-based organizations and higher education institutions. It establishes technical assistance and competitive grant programs for local governments to remove regulatory barriers and fund development. Citizens, especially low-income families and vulnerable populations, may see increased availability of affordable housing options.
Key points
Authorizes $50 million annually for competitive grants to local governments that remove barriers to affordable housing development on religious and university properties.
Establishes a technical assistance program ($25M initial funding) to help faith groups and universities develop or preserve affordable rental units.
Housing priority is given to extremely low-income families, the homeless, veterans, and individuals with disabilities, often targeting well-resourced areas.
Status:
Introduced
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