To authorize the Administrator of the General Services Administration, in coordination with the Secretary of Housing and Urban Development, to establish a pilot program and a grant program administered by the Department of Housing and Urban Development to facilitate the sale or transfer of underutilized Federal property to eligible entities for economic redevelopment, and for other purposes.

Based on the bill's title, this measure would authorize the General Services Administration and Department of Housing and Urban Development to establish pilot and grant programs that facilitate the sale or transfer of underutilized federal property to eligible entities for economic redevelopment purposes. The bill appears designed to repurpose federal real estate holdings to support local economic development initiatives.

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