Referred to the Committee on Financial Services, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill would have the Department of Housing and Urban Development award up to 15 competitive grants to eligible local entities to develop workforce and affordable housing in areas with significant job growth. Recipients must include zoning reforms, devote at least 30% of new units to affordable housing, and keep those units affordable for at least five years. The program is funded in part by transferring 10% of unspent COVID‑relief money to HUD.
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