Sponsors (3)
Authorizes HUD grants to develop or rehabilitate affordable homes for households ≤50% AMI, prioritizing resiliency, energy efficiency, accessibility, and cost reduction.
The bill increases the supply of energy-efficient, resilient, and accessible affordable housing for very-low-income households by targeting high-need areas, but it raises federal cost exposure and upfront/administrative burdens that could slow delivery and disadvantage smaller developers.
Very-low-income households (≤50% AMI), especially renters, will gain access to more affordable homes through new construction or rehabilitation funded by the program.
Low-income homeowners and renters are likely to see lower utility and energy bills because funded projects must prioritize energy efficiency and HUD will study potential savings.
Funded homes will be more resilient and durable, reducing repair and maintenance costs and improving occupant safety in extreme weather for residents and lowering long-term costs for local governments.
Taxpayers may face additional federal cost exposure because the bill authorizes "such sums as necessary" without a funding cap.
Conditioning awards on completed contracts or predetermined production thresholds could disadvantage smaller and mission-driven developers and slow project starts, reducing the speed of housing delivery.
Strict resiliency and energy-efficiency standards may increase upfront construction costs, which for a fixed budget could mean fewer homes are built or rehabilitated.
Based on analysis of 2 sections of legislative text.
Official title: To direct the Secretary of Housing and Urban Development to conduct a grant competition for the development of single- and multi-family homes, and for other purposes.
Introduced February 3, 2026 by Bill Foster · Last progress February 3, 2026
Creates a competitive HUD grant program (developed with DOE and EPA) to fund development or rehabilitation of single- and multi-family homes affordable to households at or below 50% of area median income. Grants must prioritize cost reduction, resiliency, energy efficiency, accessibility for people with disabilities, scalability, and neighborhood compatibility; awards are tied to delivering a predetermined number of homes meeting specified resiliency/efficiency measures and must be accompanied by a study of short- and long-term savings. HUD must report to Congress within two years on projects funded, completed units and prices, and study findings; appropriations are authorized as needed.