UNLOCK Housing Act
Sens. Kim and McCormick Introduce UNLOCK Housing Act to Build New Low-Income Homes
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- This bill changes federal law to let local governments use grant money to build brand-new houses and apartments. Right now, these specific federal funds are usually restricted to fixing up old buildings or improving neighborhood streets, rather than building new homes from the ground up.
- The plan focuses on creating homes for people with low or moderate incomes. This is meant to help families who are priced out of their local housing markets or live in areas where there simply aren't enough places to rent or buy.
- Local cities, states, and tribal governments would be able to use this money directly. They could choose to work with nonprofit organizations or manage the construction projects themselves to increase the number of affordable homes available in their communities.
Impact Analysis
Personal Impact
Life & Work
Low- and moderate-income families looking to buy their first home could benefit from newly constructed affordable housing. This bill expands the types of projects that CDBG funds can support, which could help create more homeownership opportunities in communities where there simply aren't enough homes available to purchase.
Programs
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
6 articlesNew bill aims to 'unlock' affordable housing funding
U.S. Reps. Sam Liccardo and Mike Flood introduced the UNLOCK Act to loosen restrictions on Community Development Block Grant (CDBG) funds, allowing municipalities to use federal money for new affordable housing construction rather than just rehabilitation.
Mountain View inspires Liccardo to introduce federal housing bill
The UNLOCK Act, inspired by recommendations from the city of Mountain View, would provide local governments with more flexibility to use CDBG funds for building new affordable homes, bypassing decades-old restrictions that prioritized urban blight and building repairs.
Mountain View inspires Liccardo to introduce federal housing legislation
The bipartisan UNLOCK Act aims to broaden the types of organizations that can use CDBG funds for new construction, removing the requirement for cities to have an adopted revitalization plan or work exclusively with federally certified community-based development organizations.
Source Information
Document Type
Congressional Bill
Official Title
UNLOCK Housing Act
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.