To require the Secretary of Housing and Urban Development to establish a formula grant program to provide grants to States to be used to streamline assistance offered by such States to builders of affordable housing, and for other purposes.

Summary

The bill directs the Secretary of Housing and Urban Development to set up a formula‑based grant program that provides money to states. States must use the grants to streamline the assistance they offer to developers of affordable housing. It aims to make it easier and faster to build low‑cost homes across the country.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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