ABODE Act

Key Points

• Congress is considering a bill to create a competition that rewards builders for creating or fixing up affordable homes. The program focuses on helping families who earn 50 percent or less of their local area's average income.
• The Department of Housing and Urban Development (HUD) would give grants to nonprofits and developers who build homes that are cheaper to make, use less energy, and are easier for people with disabilities to live in.
• To make sure the work gets done right, the government would only pay the grant money after the homes are finished. Builders must prove the homes meet specific rules for energy efficiency and durability before receiving the funds.
• The bill prioritizes building in places with the worst housing shortages. It also requires a study to see how much money families save on electricity and heating bills by living in these high-tech, efficient homes.

Impact Analysis

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