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.
Referred to the House Committee on Financial Services.
Summary
The bill lets the Secretary of Housing and Urban Development give additional weight to applications for certain housing grants when the projects are located in, or directly benefit, qualified opportunity zones—designated low‑income communities. It covers any competitive grant for building, modifying, rehabilitating, or preserving housing. The aim is to steer federal housing assistance toward neighborhoods that need it most.
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