A competitive grant program for places that grew housing supply is due in a year
What the document says“Not later than 1 year after the date of enactment of this Act, the Secretary shall establish a program to award grants on a competitive basis to eligible entities that have increased their local housing supply.”
The section requires the Secretary of Housing and Urban Development to set up, within a year of enactment, a competitive grant program for eligible entities that have increased their local housing supply.
What the document actually says“Not later than 1 year after the date of enactment of this Act, the Secretary shall establish a program to award grants on a competitive basis to eligible entities that have increased their local housing supply.”
The housing agency must set up a grant program within a year. Places compete for the money. Only places that grew their housing supply may enter.
This is a reward for building, not help to start. A place must have already done the work. The grant follows after.
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