SPUR Housing Act

This bill would require the U.S. Department of Housing and Urban Development (HUD) to create an emerging developer fund program within one year. The program would give competitive grants to nonprofit housing organizations and community development financial institutions. These groups would use the money to offer loans, grants, and other financing, as well as training and technical help, to developers with limited experience and money who work on affordable housing and community development projects. No single group could receive more than 15 percent of the program's funding. The bill authorizes $50 million per year for fiscal years 2026 through 2030.

Full text and official record on Congress.gov

Sponsors

• Richard J. Durbin Democrat sponsor
• 1 cosponsors