The bill would direct the Department of Housing and Urban Development to create a grant and loan program for eligible groups to develop, create, or preserve affordable homes in neighborhoods identified as having housing shortages. Homes must be near at least one listed service, such as a health center, grocery store, child care provider, pharmacy, or public transportation. Applications near two or more listed services within a mile, or in buildings that include one of those services, would receive preference.
The department would survey residents voluntarily, starting two years after funded homes are first occupied and every two years for 10 years. It would report survey results and whether nearby services have closed or moved.
If enacted, local governments, tribes, housing groups, public housing agencies, and housing owners or developers could apply for grants or loans. Residents in funded homes could choose to take part in surveys about nearby services. The bill would not prevent funded homes from receiving certain existing rental assistance.
The bill would authorize $100 million per year for fiscal years 2025 through 2029. This is an authorization, not a statement that the funds have been provided.
No publicly available information.
No publicly available information.