Bills · HR 7243
IN COMMITTEE· 119TH CONGRESS
House BillHR 7243Housing and Community Development
SPUR Housing Act
INTRO JAN 27· LAST ACTION JAN 27
READING
4MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it tries to tackle the ongoing issue of housing shortages and high housing costs across the country. By offering federal grants to help cover some of the state and local taxes and fees that builders face, it aims to reduce the financial hurdles for new construction. If it becomes law, it could lead to more housing developments, especially those deemed affordable or strategically located, potentially making housing more accessible for many Americans.
Without this bill, developers would continue to bear the full burden of these taxes and fees, which are often cited as reasons for slow housing development or high project costs. This bill could encourage more building by sharing some of that cost, particularly for projects that meet community needs like affordable housing or housing near public transit. Voters should care because increasing housing supply can impact rent prices, home affordability, and economic growth in their communities.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes a grant program through HUD to provide funds to developers for offsetting state and local taxes and impact fees associated with building housing developments.
This creates a direct financial incentive for developers to build new housing, aiming to reduce construction costs and potentially increase housing supply.
PROVISION 02
Requires developers to secure commitments from state and local governments to reduce property taxes on new housing developments by at least 50% to be eligible for the grant.
This makes local government tax concessions a prerequisite for federal aid, aligning federal incentives with local tax policy changes.
PROVISION 03
Prioritizes grants for housing developments that increase affordable housing, are located in priority housing areas, are transit-oriented, or target workforce needs, among other criteria.
This ensures the program focuses on addressing specific housing challenges and encourages development that aligns with broader community and affordability goals.
PROVISION 04
Authorizes $300,000,000 annually for fiscal years 2027 through 2031 for the grant program.
This allocates significant federal funding over five years, indicating a substantial commitment to supporting housing development.
SPONSORSHIP
1 + 1
D· Oregon
YRS IN OFFICE
1
BILLS LED
24
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJAN 27
Introduced in House
JAN 27
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 7243
Congress119th
StatusIn Committee
IntroducedJan 27, 2026
Last actionJan 27, 2026
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED JAN 27, 2026
House BillHR 7243Housing and Community Development
SPUR Housing Act
INTRODUCED JAN 27, 2026· LAST ACTION JAN 27, 2026
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
1
COMPLEXITY
Moderate
