The ABODE Act directs the Department of Housing and Urban Development to run a competitive grant program offering funds to academic institutions, nonprofits, and developers to build or rehabilitate homes for low-income households earning no more than 50 percent of their area's median income. The grants will prioritize projects that reduce construction costs, improve energy efficiency and resilience, increase accessibility for people with disabilities, and can be built at scale, with preference given to areas facing severe affordable housing shortages. Grant recipients must complete construction of a predetermined number of homes meeting specified standards before receiving payment, and the HUD Secretary will study the long-term savings from these energy and resilience improvements. Within two years of the law's passage, HUD must report to Congress on the projects completed, the number of affordable homes built, their prices, and the cost-savings findings. The bill does not specify a dollar amount for funding, instead authorizing "such sums as may be necessary" for the program.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.