The Housing BOOM Act proposes steps to increase affordable and workforce housing, support people experiencing homelessness, help renters, and improve access to housing programs. It would expand housing tax credits and create or increase grants and loans for building or converting homes. It also proposes more rental vouchers, eviction-prevention services, behavioral health support for unhoused people, and a federal council to coordinate housing work. Several funded construction programs would require prevailing wages and apprentice participation.
If enacted and funded, the bill could provide more housing assistance through grants, rental vouchers, and housing navigation services. It would support housing projects for older adults, people with disabilities, people with AIDS, Native communities, rural residents, and households with low or moderate incomes. It would also create grants to help convert unused buildings into affordable housing or shelters. The bill does not guarantee that a specific person would receive assistance; programs would have eligibility rules and application processes.
The bill authorizes funding for many programs, mainly for fiscal years 2026 through 2030. Examples include $5 billion each year for workforce housing grants, $1 billion each year for the Housing Accelerator Program, and $250 million each year for converting properties into housing or shelters for homeless people and families. It also authorizes funding for rental vouchers, but does not state a dollar amount for that increase. These are proposed authorizations, not a statement that the money has been appropriated. No total cost is stated.
No publicly available information.
No publicly available information.