Bills · S 3464
IN COMMITTEE· 119TH CONGRESS
Senate BillS 3464Housing and Community Development
Housing BOOM Act
INTRO DEC 11· LAST ACTION DEC 11
READING
65MIN
COSPONSORS
0
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-writtenVoters should care about this bill because it aims to address the widespread and growing housing affordability crisis impacting communities across the country. If passed, it could lead to more available and affordable homes, making it easier for people to find places to live that fit their budget. This could reduce housing costs, lessen the burden on families, and improve overall economic stability by freeing up household income for other necessities.
Without this bill, or similar measures, the housing shortage and associated high costs, along with rates of homelessness, are likely to continue or worsen in many areas. The bill's focus on increasing housing supply, combating homelessness, and supporting tenants directly addresses real-world issues like long commutes due to unaffordable housing near jobs, families struggling to make rent, and the societal impact of homelessness. It also brings attention to equitable access to housing through fair housing initiatives.
KEY PROVISIONS
5AI-extractedPROVISION 01
Increases the Low-Income Housing Tax Credit (LIHTC) allocation that states can use to encourage the building of affordable rental housing.
This makes it more financially attractive for developers to build affordable rental units, potentially leading to a significant increase in the supply of such housing.
PROVISION 02
Establishes a new low-interest loan fund to build or convert properties into rental housing for middle-income households, requiring prevailing wages and apprenticeship programs for construction.
This targets a critical gap in the housing market for middle-income families and aims to ensure fair labor practices in federally supported construction.
PROVISION 03
Provides increased funding for numerous existing federal housing programs, including those for community development, rural housing, Indian housing, supportive housing for the elderly and disabled, and homelessness assistance.
This strengthens established programs that address diverse housing needs across various vulnerable populations and communities.
PROVISION 04
Creates new grants for converting existing structures into emergency shelters and housing for homeless persons and families, and into affordable housing for state and local government buildings.
This offers creative solutions to quickly increase the availability of shelter and affordable housing by repurposing existing buildings.
PROVISION 05
Increases funding for tenant-based rental assistance, establishes an Office of Eviction Prevention, and provides grants for housing assistance and navigation services.
This directly supports renters in need, helps prevent families from losing their homes, and makes it easier for people to find and access housing support.
SPONSORSHIP
1 + 0
D· California
YRS IN OFFICE
25
BILLS LED
97
ACTION TIMELINE
2 EVENTSDEC 11
Introduced in Senate
DEC 11
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 3464
Congress119th
StatusIn Committee
IntroducedDec 11, 2025
Last actionDec 11, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED DEC 11, 2025
Senate BillS 3464Housing and Community Development
Housing BOOM Act
INTRODUCED DEC 11, 2025· LAST ACTION DEC 11, 2025
PASSAGE CHANCES
—%
READING
65 min
COSPONSORS
0
COMPLEXITY
Moderate
