To authorize the Secretary of Housing and Urban Development to prioritize the award of certain housing grants to applicants located in, or serving, low-income communities.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill allows the Department of Housing and Urban Development (HUD) to give preference in awarding certain housing grants to organizations that are either located in or serve low-income communities. Specifically, it focuses on competitive grants for building, renovating, or maintaining housing. The bill aims to direct more funding towards areas designated as ‘qualified opportunity zones,’ which are economically distressed communities. This prioritization is intended to boost housing development and support in these areas.
Key provisions
- HUD can prioritize housing grants.
- Priority is given to applicants in or serving low-income communities.
- ‘Covered grants’ include construction, modification, rehabilitation, and preservation of housing.
- Qualified opportunity zones are considered when awarding grants.
Who is affected
- Housing developers
- Nonprofit organizations
- Low-income communities
- The Department of Housing and Urban Development (HUD)
- Applicants for housing grants
Notable changes
- Creates a mechanism for prioritizing grants based on location and community impact.
Bill text
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Sponsors
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3 on record
Primary sponsor
Cosponsors
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