Sponsors (2)
The bill streamlines HUD–EDA coordination to reduce applicant burdens and speed jointly funded housing and economic projects, but requires extra federal administrative work and risks delays, inconsistent implementation, or additional costs to taxpayers if new mandates follow.
Local governments, nonprofits, and state governments will face less duplicative reporting, have clearer agency points of contact, and benefit from coordinated review and award timelines — speeding approvals and delivery of jointly funded housing and economic development projects.
State and local governments could receive clearer guidance or legislative proposals that make it easier to access or unlock additional coordinated federal infrastructure funding.
Congress and federal policymakers will get a mandated interagency assessment within one year, improving oversight and informing faster, better-informed policymaking on joint construction programs.
HUD and EDA will face additional administrative costs and staff burden to produce joint guidance and the mandated report, diverting time from grant implementation and potentially raising costs borne by taxpayers.
If the interagency recommendations lead to new programs or mandates, taxpayers and state/local governments could face increased administrative costs or future federal spending.
Joint standardization and coordination could delay individual agency rulemaking or grant notices while HUD and EDA harmonize definitions and timelines, slowing some funding opportunities.
Based on analysis of 6 sections of legislative text.
Requires HUD and the EDA to sign an interagency agreement to coordinate jointly funded construction projects and submit a joint report to Congress with recommendations within one year.
Official title: Improve interagency coordination between the Department of Housing and Urban Development and the Economic Development Administration, and for other purposes.
Introduced March 2, 2026 by Margaret Wood Hassan · Last progress March 2, 2026
Creates a requirement for HUD and the Economic Development Administration (EDA) to sign an interagency agreement to better coordinate jointly funded housing and economic development projects. The agreement must streamline application and award timelines, standardize funding notices, reduce duplicative reporting, identify coordination barriers, and share housing-related research. Within one year, the two agencies must deliver a joint report to Congress with recommendations to improve efficiency and remove barriers to future collaboration on construction projects.