To require the Secretary of Housing and Urban Development to identify and make available information regarding best practices utilizing mixed-income, publicly owned housing to increase the supply of affordable housing, and for other purposes.
About This Bill
Introduced
Latest Action · November 30, 2023
Sponsor introductory remarks on measure. (CR H5989-5990)
This bill directs the Department of Housing and Urban Development to identify and share best practices for building mixed-income, publicly owned housing that increases the supply of affordable units. The legislation focuses on helping state and local governments develop housing that serves extremely low-income to moderate-income households by combining market-rate units with affordable ones, allowing the affordable units to be cross-subsidized and reducing the need for federal subsidies. Within 12 months of the bill's enactment, HUD must compile information on successful financing tools and policies such as public land banking, revolving loan funds, and anti-speculation taxes, then make this information publicly available through training materials and case studies on its website. The bill also requires HUD to monitor these practices and keep the guidance updated over time. The legislation authorizes whatever funding is necessary for HUD to carry out these activities, though no specific dollar amount is specified.
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