Housing Supply and Affordability Act

To authorize a grant program for the development and implementation of housing supply and affordability plans, and for other purposes. 1. Short title This Act may be cited as the Housing Supply and Affordability Act 2. Local housing policy grant program (a) Definitions In this section: (1) Department The term Department (2) Eligible entity The term eligible entity (A) demonstrates, with respect to the area under the jurisdiction of the State, political subdivision, regional coalition, or Indian Tribe— (i) rising housing costs or a reasonable expectation that housing costs will rise in the area; and (ii) a pattern of imbalance between the availability of jobs and housing in the area; (B) if applying for a planning grant— (i) intends to develop, or is in the process of developing, a housing policy plan; and (ii) demonstrates an intent to use a portion of the planning grant to engage with community stakeholders in developing a housing policy plan; and (C) if applying for an implementation grant— (i) has adopted and plans to implement, or is in the process of implementing, a housing policy plan; and (ii) demonstrates the engagement of community stakeholders in developing the housing policy plan. (3) Housing policy plan The term housing policy plan (A) increase the housing supply in the area, while avoiding the displacement of the residents of the area; (B) increase the affordability of housing in the area; and (C) reduce barriers to housing development in the area. (4) Implementation grant The term implementation grant (5) Indian Tribe The term Indian Tribe 25 U.S.C. 5304 (6) Planning grant The term planning grant (7) Secretary The term Secretary (A) the Office of Economic Resilience of the Office of Community Planning and Development of the Department; (B) the Office of Policy Development and Research of the Department; (C) the Office of Fair Housing and Equal Opportunity of the Department; and (D) the Office of Housing of the Department. (8) State The term State (b) Planning grants The Secretary may award grants on a competitive basis to eligible entities for the purpose of developing and evaluating housing policy plans. (c) Implementation grants The Secretary may award grants on a competitive basis to eligible entities for the purpose of implementing housing policy plans. (d) Applications (1) In general An eligible entity desiring a grant under this section shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require. (2) Priority In awarding grants under this section, the Secretary shall give priority to an eligible entity that— (A) has or is likely to develop a housing policy plan that will— (i) improve housing supply and affordability; (ii) reduce barriers to affordable housing development; and (iii) avoid the displacement of residents by new housing developments in the area under the jurisdiction of the eligible entity; (B) intends to leverage and efficiently use funds from another Federal, State, or local assistance program relating to housing in developing or implementing a housing policy plan, including— (i) the Community Development Block Grant Program under title I of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5301 (ii) the HOME Investment Partnerships Program authorized under title II of the Cranston-Gonzalez National Affordable Housing Act ( 42 U.S.C. 12721 (C) intends to— (i) increase the supply and affordability of housing that is located— (I) near local transportation options; and (II) in areas in which a significant or expanding supply of jobs is concentrated; and (ii) coordinate with local transportation and workforce agencies in accomplishing the increase described in clause (i); or (D) is a regional coalition of political subdivisions of States. (3) Degree of priority commensurate with degree of compliance The Secretary shall base the degree of priority given to an eligible entity under paragraph (2) on the number of subparagraphs under that paragraph that the eligible entity has satisfied, relative to the number of such subparagraphs that each other eligible entity applying for a grant under this section has satisfied. (e) Matching requirement (1) In general An eligible entity that receives a grant under this section shall provide non-Federal contributions in an amount equal to the amount of the grant. (2) Eligible matching funds If an eligible entity uses funds from another Federal assistance program relating to housing in developing or implementing a housing policy plan for which the eligible entity also receives a grant under this section, any non-Federal contribution made by the eligible entity as part of that Federal assistance program shall be counted towards the requirement under paragraph (1). (f) Use of funds (1) Planning grants An eligible entity receiving a planning grant may use funds from the planning grant to finance activities to help develop and evaluate a housing policy plan, including— (A) technical assistance; (B) market evaluations; (C) code writing assistance; (D) design options; and (E) stakeholder outreach and education. (2) Implementation and planning grants An eligible entity receiving a grant under this section shall use a portion of the funds from the grant to submit the report required under subsection (g)(1). (g) Reports and study (1) Grant recipient reports Not later than 180 days after the date on which an eligible entity receives a grant under this section, and not less frequently than quarterly thereafter for a 3-year period, the eligible entity shall submit to the Secretary a report that includes— (A) a description of the expenditures the eligible entity has made with funds from the grant; (B) for an eligible entity receiving a planning grant, a summary of the progress of the eligibility entity towards finalizing a housing policy plan; and (C) for an eligible entity receiving an implementation grant, data relating to the success of the implementation of the housing policy plan of the eligible entity. (2) Secretary study and report (A) In general Not later than 5 years after the date of enactment of this Act, the Secretary shall conduct a study on— (i) the impact of implementation grants and planning grants on the areas under the jurisdiction of eligible entities receiving those grants; and (ii) successful strategies from housing policy plans that were impactful in— (I) expanding the housing supply; and (II) increasing the quantity of quality and affordable housing, while avoiding the displacement of the residents of an area. (B) Report Not later than 1 year after the date on which the Secretary completes the study required under subparagraph (A), the Secretary shall submit to the appropriate committees of Congress a report on the study. (h) Authorization of appropriations There are authorized to be appropriated to the Secretary for each of fiscal years 2021 through 2025 $300,000,000 to carry out this Act.

Summary: Housing Supply and Affordability Act This bill allows the Department of Housing and Urban Development to award grants to states, local governments, and Indian tribes for the development and implementation of housing policy plans. These housing policy plans must increase the housing supply while avoiding resident displacement, increase housing affordability, and reduce barriers to housing development.