Expanding Federal Funds for New Housing Construction for Low-Income Families.
This law expands how federal community development funds can be used by local and state governments. It explicitly allows these funds to be spent on the construction of new residential housing specifically for low- and moderate-income individuals. This change aims to increase the supply of affordable housing and address housing shortages in metropolitan areas.
Key points
Local and state governments gain the explicit authority to use federal grants for direct construction of new housing units.
The new housing must target low- and moderate-income persons, aiming to improve housing affordability and availability.
Introduced
Citizen Poll