Establishes a grant program to incentivize local governments to reform zoning and permitting processes to enhance housing affordability and stimulate economic growth.
Grants are available to local governments that enact zoning and permitting reforms within 18 months prior to application.
Priority for grants is given to reforms that significantly increase affordable housing development, reduce barriers to converting non-residential buildings to residential use, and encourage mixed-use development near transportation hubs.
Grants can be used for infrastructure improvements, technical assistance, and community engagement related to zoning reforms.
Additional funding is available to support community land trusts, focusing on capacity building, land acquisition, and project development.
Requires annual reporting from grant recipients to evaluate the impact of reforms and community land trust initiatives.
Establishes a prefabricated housing incentives program, providing grants to manufacturers, developers, and organizations involved in prefabricated housing.
Introduces a manufactured housing tax credit to encourage investment in qualified manufactured housing projects.
Creates National Prefabricated Housing Technology Centers to promote research, development, and training in prefabricated housing technologies.
Authorizes research and development grants for projects focusing on new prefabrication technologies and sustainable materials.
Mandates technical support for state and local governments to streamline permitting processes for prefabricated housing.
Establishes a grant program for community and affordable housing development projects that utilize prefabricated methods and involve community input.
Develops a National Building Code for Affordable Housing to standardize regulations and streamline the building approval process.
Provides funding to incentivize the adoption of the National Building Code by state and local governments.
Requires annual reports on the implementation and impact of the National Building Code, including its effect on housing affordability and supply.
Ensures compliance with the Davis-Bacon Act for construction work financed under the legislation.
