The Housing BOOM Act is a comprehensive federal initiative to address housing affordability and homelessness through multiple coordinated programs and funding streams. The bill establishes over $25 billion in dedicated funding through fiscal year 2030, including nearly $10 billion for middle-income and workforce housing construction, $5 billion in block grants to states, $250 million annually to convert vacant properties into homeless shelters, and $1 billion annually for mental health and substance abuse services for homeless individuals. Additionally, the bill creates new federal offices and coordinating bodies—including an Office of Eviction Prevention with $100 million in annual funding, a Center for Unhoused Individuals within the health agency, and an Interagency Council on Housing Affordability—to strengthen coordination across federal agencies and implement prevention strategies. All federally funded construction projects under the bill must comply with prevailing wage requirements, and the legislation requires language access services and outreach to ensure non-English speakers can access housing programs. This multi-pronged approach targets affordable housing development, rental assistance, homelessness prevention, and eviction prevention for vulnerable populations while promoting coordination among federal, state, and local governments.