Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, 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 establishes a Housing Supply Fund within the Community Development Financial Institutions (CDFI) Fund and authorizes competitive grants to eligible CDFIs, nonprofit housing groups, or consortia. The money is meant to boost development, preservation, and financing of affordable homes for low‑income renters and modest‑income homeowners, as well as related community facilities. It earmarks $500 million each year from FY 2026‑2030, with strict use and reporting rules.
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