Bills · S 3067
IN COMMITTEE· 119TH CONGRESS
Senate BillS 3067Housing and Community Development
Innovation Fund Act
INTRO OCT 28· LAST ACTION OCT 28
READING
6MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it offers a direct financial incentive to local communities to tackle the widespread issue of housing shortages and high housing costs. If enacted, it would empower cities, counties, and tribal governments with federal funds to implement policies and projects that make it easier and more affordable to build new homes, potentially easing the housing crisis many Americans face.
Without this bill, local governments would continue to rely solely on their existing budgets and resources to address housing challenges, which might limit their ability to make significant changes or fund necessary infrastructure. By rewarding communities for demonstrated success in increasing housing supply, the bill aims to accelerate solutions and promote innovative approaches to a critical economic and social problem, potentially leading to more homes and more stable housing markets for residents.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a competitive grant program called the "Innovation Fund" to award money to eligible local governments that have increased their local housing supply.
This creates a financial incentive for communities to actively address housing shortages by rewarding past success in housing growth.
PROVISION 02
Defines "attainable housing" as homes serving a majority of households earning up to 80% of the area median income, and others up to 100% (or similar ranges like 60% and 120%).
This ensures the program's focus is on increasing housing options for moderate-income individuals and families.
PROVISION 03
Specifies that eligible entities must demonstrate "objective improvement in housing supply growth," with the Secretary of HUD publishing the measurement methodology for public comment.
This sets a transparent, data-driven standard for eligibility, ensuring grants go to communities with measurable results.
PROVISION 04
Outlines eligible uses for grant funds, including community development, infrastructure, and initiatives that facilitate attainable housing expansion (e.g., revising zoning, reducing parking requirements, streamlining regulations).
This provides flexibility for local governments to address various barriers to housing development using federal funds.
PROVISION 05
Requires the Secretary to award at least 25 grants annually, ranging from $250,000 to $10,000,000, prioritizing entities with innovative policies and marked housing growth.
This ensures a broad distribution of funds across different types of communities while favoring those demonstrating effective and creative solutions.
SPONSORSHIP
1 + 1
D· Massachusetts
YRS IN OFFICE
13
BILLS LED
84
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSOCT 28
Introduced in Senate
OCT 28
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 3067
Congress119th
StatusIn Committee
IntroducedOct 28, 2025
Last actionOct 28, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED OCT 28, 2025
Senate BillS 3067Housing and Community Development
Innovation Fund Act
INTRODUCED OCT 28, 2025· LAST ACTION OCT 28, 2025
PASSAGE CHANCES
—%
READING
6 min
COSPONSORS
1
COMPLEXITY
Moderate
