SPUR Housing Act

This bill would require the Department of Housing and Urban Development (HUD) to create a grant program within 90 days. The grants would help developers pay state and local taxes and impact fees tied to building housing projects of 5 or more units. To qualify, a developer would need all state and local approvals and a commitment from those governments to cut property taxes on the project by at least 50 percent. Each selected developer could receive up to the lesser of half its taxes and fees or $150,000 per year for 5 years. The bill authorizes $300 million per year for fiscal years 2027 through 2031.

Full text and official record on Congress.gov

Sponsors

• Janelle S. Bynum Democrat sponsor
• 1 cosponsors