The ABODE Act directs the Department of Housing and Urban Development to run a competitive grant program that awards money to developers, nonprofits, and academic organizations for building or renovating affordable homes for low-income families earning no more than 50 percent of their area's median income. The bill prioritizes projects that reduce construction costs while improving energy efficiency, disaster resilience, and accessibility for people with disabilities, with preference given to areas facing severe housing shortages and developments built at large scale. The Department of Housing and Urban Development, working with the Department of Energy and Environmental Protection Agency, will also study how much money these energy and resilience improvements save homeowners over time. Congress will receive a detailed report within two years showing how many homes were built, their prices, and what the cost-savings study found. The bill authorizes "such sums as may be necessary" without specifying an exact dollar amount, leaving the total funding level to be determined through future appropriations legislation.
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