Set-aside money unused for 24 months goes back for any eligible activity
To increase the supply of housing in America, and for other purposes, section 501, Sec. 501.
Written by .
Set-aside money unused for 24 months goes back for any eligible activity
The document says “shall”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 501 in the PDF
What the document says
“If any funds reserved under subsection (a) remain uninvested for a period of 24 months, the Secretary shall make such funds available to the participating jurisdiction for any eligible activities under this title without regard to whether a community housing development organization materially participates in the use of such funds.''.”
The section rewrites section 231(b) of the Cranston-Gonzalez National Affordable Housing Act so that money reserved for community housing development organizations and left uninvested for 24 months is made available to the participating jurisdiction for any eligible activity, whether or not such an organization takes part.
What the document actually says
“If any funds reserved under subsection (a) remain uninvested for a period of 24 months, the Secretary shall make such funds available to the participating jurisdiction for any eligible activities under this title without regard to whether a community housing development organization materially participates in the use of such funds.''.”
That sentence, in plain words
Some money is held back for one kind of group. If it sits unused for 24 months, it is freed. The place may then use it for any allowed purpose.
What this is about
A set-aside can go unspent if no group takes it up. Then the money would sit idle. This rule puts it back to work.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 501, 140 Stat. 907 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“Set-aside money unused for 24 months goes back for any eligible activity,” Increase the supply of housing in America, section 501, Sec. 501. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec501-recapture-reuse/ (retrieved October 10, 2026).
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