The Housing BOOM Act is a comprehensive affordable housing and homelessness assistance package authorizing approximately $18+ billion annually from 2026-2030 across multiple programs. The bill creates new funding streams including a $5 billion annual block grant program for states to build rental housing for moderate-income households (earning 60-120% of area median income), expands the Section 8 voucher program by 1 million vouchers, increases supportive housing for people with disabilities and AIDS from $300 million to $360 million annually plus $600 million for HIV housing assistance, and establishes competitive grant programs for converting vacant properties and public buildings into affordable housing and emergency shelters. Additionally, the legislation significantly increases homelessness assistance funding under the McKinney-Vento Act to over $8 billion annually, creates new offices for eviction prevention and housing counseling, establishes an interagency council to coordinate federal housing policy, and includes strong labor protections requiring prevailing wages and apprenticeships (at least 15% of construction hours) on all federally-funded housing construction projects. The bill primarily affects states, localities, nonprofits, low-income renters, people experiencing homelessness, and individuals with disabilities or HIV/AIDS.
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