HB5733: Workforce Housing Development Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To establish a competitive grant program at the Department of Housing and Urban Development to support the construction, preservation, or rehabilitation of affordable workforce housing in areas with shortages of affordable housing units for sale, and for other purposes.
Plain-language summary
This bill creates a new grant program at the Department of Housing and Urban Development to help build, fix up, or preserve affordable homes for working people in areas lacking affordable housing. The program would distribute money through a competitive process where communities apply for funding. It targets areas with severe shortages of affordable homes that workers can afford to buy. The bill was recently introduced in Congress and is in its earliest stage of consideration.
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HB5733: Workforce Housing Development Act