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118-hr-10179Committee
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Innovative Housing Solutions and Affordability Act

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Summary

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This bill directs the Secretary of Housing and Urban Development to establish a competitive grant program awarding funds to states to develop and expand industrialized construction of innovative residential dwelling units, such as modular, panelized, or 3-D printed homes. States receiving grants must provide subgrants to eligible entities (small businesses under 500 employees) to cover operating expenses and provide per-unit incentives, with additional incentives for affordable housing and energy-efficient units. The bill authorizes $75 million in appropriations for fiscal years 2025 through 2029.

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Bill details

Congress
118
Bill type
hr
Introduced
November 20, 2024
Sponsor
Not yet available
Last action
November 20, 2024— Referred to the House Committee on Financial Services.

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