This bill establishes a new federal council within the executive branch dedicated to developing policy and coordinating efforts to increase affordable housing and improve rental market fairness. The council would include heads or representatives from 21 federal agencies and offices, ranging from the Department of Housing and Urban Development to the Social Security Administration, meeting at least four times per year with leadership rotating annually among members. The council must develop a National Strategic Plan to Preserve Affordable Housing within 12 months, conduct annual reviews of federal housing programs, provide technical assistance through regional coordinators, and publish reports assessing affordable housing challenges and federal government progress. The legislation authorizes $4.8 million annually from fiscal years 2024 through 2028 to support the council's operations, including hiring an executive director and staff. This bill would affect federal agencies involved in housing policy, state and local governments, nonprofit housing organizations, and ultimately individuals and families seeking affordable housing assistance.
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