The bill would authorize the Department of Housing and Urban Development to award competitive grants to transform neighborhoods with extreme poverty and severely distressed housing. Grants could support housing repairs or replacement, affordable housing, resident services, education, transportation, and access to jobs. Plans would have to replace demolished public and assisted housing units, protect eligible residents’ right to return, provide relocation help, and address long-term affordability. The bill was introduced and referred to the House Committee on Financial Services.
If your neighborhood received a grant, the plan could change local housing and services. Eligible residents displaced by the work would have relocation protections and could return to replacement housing if they meet the stated requirements. Residents would be involved in planning and receive notice about relocation options.
The bill would authorize $1 billion for grants for fiscal year 2026 and amounts as needed in later years. It would also authorize amounts as needed for relocation and rental assistance. These are proposed authorizations; the text does not state how much funding would ultimately be provided.
No publicly available information.
No publicly available information.