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US HB5938
Bill
Status
11/7/2025
Primary Sponsor
Emanuel Cleaver
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AI Summary
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Establishes a competitive grant program through HUD to reward local governments that have demonstrably increased their housing supply, with grants ranging from $250,000 to $10,000,000
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Defines "attainable housing" as serving households earning 60-80% of area median income (majority) and up to 100-120% AMI
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Authorizes $200,000,000 annually for fiscal years 2027-2031, adjusted for inflation, with at least 25 grants awarded per year across rural, suburban, and urban communities
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Grant funds may be used for community development activities, infrastructure projects, clean water/drinking water matching funds, and initiatives expanding attainable housing supply
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Eligible housing supply initiatives include increasing by-right multifamily uses, eliminating parking minimums, reducing lot size requirements, allowing accessory dwelling units, streamlining permitting, and removing manufactured housing restrictions
Legislative Description
Innovation Fund Act
Housing and community development
Last Action
Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
11/7/2025