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Eligible entities

Local governments like cities, counties, states, or groups of these working together, that can apply for grants and loans under this program.

Planning grants

Federal money given to local communities to help them research their housing needs and create detailed plans for how to increase housing supply and affordability.

Implementation grants

Federal money given to local communities to put their housing plans into action, such as funding specific construction or policy changes.

Direct loans

Money lent directly by the government to communities at a lower interest rate than typical loans, specifically for carrying out housing development plans.

Rural or exurban area

Less populated areas outside of major cities, including countryside or areas on the outskirts of metropolitan regions.

Cost-burdened households

Households that spend more than 30% of their income on housing costs, including rent or mortgage payments, utilities, and other related expenses.

Secretary

Refers to the Secretary of Housing and Urban Development (HUD), who is responsible for overseeing the programs established by this bill.