The Pro-Housing Act of 2024 establishes a federal grant and loan program to help states, local governments, tribes, and other entities develop and implement housing policy plans aimed at increasing housing supply and affordability. Through the Housing and Urban Development Department, the bill authorizes $200 million annually for fiscal years 2025 through 2030 to provide planning grants, implementation grants, and low-interest direct loans to eligible communities, with at least 20 percent of funds reserved for rural and exurban areas. Applicants must demonstrate rising housing costs and supply shortages in their jurisdictions and must contribute matching funds based on population size, though the Secretary can reduce these requirements based on available resources. The bill also directs the General Services Administration to establish a pilot program transferring unused federal property to states and localities for affordable housing or mixed-use development over a five-year period. Grant recipients must submit quarterly progress reports for three years, and the Secretary must study the program's effectiveness and submit findings to Congress within six years.
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