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This bill establishes federal grant programs to incentivize local zoning and permitting reforms that increase housing supply and affordability, and to support prefabricated housing development. Title I creates a $10 billion annual grant program administered by HUD to reward local governments that enact zoning and permitting reforms, with priority given to reforms that increase affordable housing, expedite permitting, and support community land trusts. Title II authorizes $30 billion in grants to manufacturers and developers of prefabricated housing and establishes a tax credit for manufactured housing to advance construction technologies and job creation in the housing sector.
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