Housing and Economic Development Act

This bill requires the Department of Housing and Urban Development (HUD) and the Economic Development Administration (EDA) to set up a memorandum of understanding or other agreement to work together on housing and economic development projects that both agencies fund. The agreement may include matching application review timelines, using the same terms in funding notices, issuing joint guidance to cut duplicate reporting, and naming contact people at each agency. The agencies must also identify barriers to working together and share housing research and market data. Within one year, the two agencies must send Congress a joint report with recommendations to improve jointly funded construction projects.

Full text and official record on Congress.gov

Sponsors

• Margaret Wood Hassan Democrat sponsor
• 1 cosponsors