Project Turnkey Act

Housing and Community Development
house
senate
president

Introduced on May 8, 2024 by Suzanne Bonamici

Cosponsors

Legislation Details

  • Establishes a Project Turnkey Program under the HOME Investment Partnerships Act.
  • Aims to leverage vacant hotels and motels for housing and enhance national shelter capacity.
  • Eligible entities can receive funds for various activities related to housing and shelter.
  • Allows up to 15% of funds for administrative and planning costs.
  • Permits up to 5% of funds for operating expenses of community housing development organizations and nonprofits, contingent on capacity development.
  • Eligible entities may subgrant received amounts if they are public entities.
  • Funds must supplement, not replace, state or local funding for housing activities.
  • Authorizes $1 billion annually for the program, with funds available until 2034.
  • Allocates funds primarily to grantees from fiscal year 2024, with specific amounts set aside for technical assistance and administration.
  • Waivers for certain requirements of existing housing laws may be granted to expedite fund use.
  • Exempts the program from specific cost limits, commitment requirements, and matching requirements.
  • Defines “qualifying individuals or families” as those experiencing homelessness or at risk of homelessness, among other criteria.
  • Lists eligible activities including rental assistance, supportive services, acquisition and development of shelter units, and rehabilitation of vacant properties.

Last updated 8/17/2024