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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced June 12, 2025 by Lisa Blunt Rochester · Last progress 8 months ago
Creates a federal program that awards competitive grants to carry out neighborhood “transformation plans” in areas with concentrated extreme poverty and severely distressed housing. The program funds rebuilding and rehabilitating public or assisted housing, requires strong tenant protections (relocation help, a right to return, one‑for‑one replacement of demolished units with long‑term affordable units), and sets rules for accessibility, fair housing marketing, cost limits, and environmental review.
Gives the Secretary broad authority to set rules, monitor grantee performance, reclaim and reallocate funds if grantees fail to act, and publish annual reports. It authorizes $1 billion in grants for FY2026 and unspecified amounts as needed in later years, plus rental assistance tied to demolished or disposed units; requires the Secretary to issue implementing regulations within 180 days after enactment.
