Three U.S. senators—two Democrats and one Republican—will introduce the Housing Supply and Affordability Act that would authorize $1.5 billion for federal grants to local governments.
The funds, to be distributed over the next five years, would be available to communities that commit to increasing their supply of local housing. Local leaders could use the funds to overcome obstacles to new construction, such as density-unfriendly or discriminatory zoning regulations.
Eligible local governments could apply for grants to devise housing policy plans to spur new construction. The bill is designed to help rural areas and smaller cities that struggle with different housing problems than high-cost coastal metro areas. At least 10% of funds would be required to go to governments in rural areas
The bill could end up being encompassed by the $3 trillion infrastructure bill under development by the Biden Administration, according to a Bloomberg news report.
Related Stories
Multifamily Housing | May 12, 2021
Affordable mixed-use housing complex completes in South Los Angeles
KFA designed the project.
Mixed-Use | May 7, 2021
Mixed-use development tops out in Brooklyn’s Brownsville neighborhood
The project will bring 160 affordable housing units to the area.
Multifamily Housing | Apr 22, 2021
The Weekly Show, Apr 22, 2021: COVID-19's impact on multifamily amenities
This week on The Weekly show, BD+C's Robert Cassidy speaks with three multifamily design experts about the impact of COVID-19 on apartment and condo amenities, based on the 2021 Multifamily Amenities Survey.
Multifamily Housing | Apr 20, 2021
Two new residential towers set to rise in Nashville
Goettsch Partners is designing the buildings.
Multifamily Housing | Apr 14, 2021
Miami's Adela at MiMo Bay combines a residential building with an American Legion facility
The five-story residential building features 236 units and a new American Legions Facility for military veterans.
Multifamily Housing | Apr 12, 2021
103 income-restricted residential units under construction in Downtown Denver
KTGY is designing the project.
Multifamily Housing | Apr 2, 2021
250-unit rental building opens in Brooklyn
CetraRuddy designed the project.
Multifamily Housing | Mar 30, 2021
ProCONNECT Multifamily, ProCONNECT Single-Family open for Developers, Builders, Architects
Sponsors and Attendees can still sign up for ProCONNECT Multifamily April 21-22, ProCONNECT Single-Family for May 18-19
Multifamily Housing | Mar 28, 2021
Smart home technology 101 for multifamily housing communities
Bulk-services Wi-Fi leads to better connectivity, products, and services to help multifamily developers create greater value for residents–and their own bottom line.
