Housing BOOM Act
Sponsored By: Senator Sen. Schiff, Adam B. [D-CA]
Introduced
Summary
Expands federal investment to build and preserve affordable housing. The bill creates new loan funds, block grants, conversion and accelerator programs, and large homelessness and tenant-support grants to increase supply and services for low- and moderate-income renters.
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Bill Overview
Analyzed Economic Effects
8 provisions identified: 6 benefits, 0 costs, 2 mixed.
More vouchers and eviction help
This bill would authorize enough funding to add 1,000,000 Housing Choice Vouchers from FY2026 through FY2035. It would create a HUD Office of Eviction Prevention to run eviction-prevention grants and keep an eviction database. The Eviction Protection Grant Program would move into that Office and get $100 million per year for grants and $100 million per year for the Office's staff (FY2026–2030). HUD would also fund housing navigators ($50 million per year, FY2026–2030) and must publish a Language Access Plan within 180 days after a President is inaugurated to improve translation and outreach.
Build more middle-income rental homes
This bill would create a Treasury Middle Income Housing Construction Loan Fund to make low-interest loans for rental housing for households at 60%–120% of AMI and would authorize $5 billion per year for FY2026–2030. It would also create Workforce Housing Block Grants for States to build housing for 60%–120% of AMI and raise the LIHTC State ceiling multiplier from 1.12 to 3.36 for credit allocations made in calendar years starting after December 31, 2025. These changes would expand finance and tax capacity for building workforce and middle-income rental housing.
More community and HOME funding
If enacted, the bill would authorize $4.2 billion per year for Community Development Block Grants (Title I) for FY2026–2030 and $1 billion per year for the CDBG National Disaster Resilience Competition (FY2026–2030). It would also authorize $1.5 billion per year for HOME for FY2026–2030 and add $500 million per year for building or rehabilitating childcare facilities under HOME (FY2026–2030). Childcare HOME projects must follow Davis‑Bacon wage rules.
More supportive housing for vulnerable groups
This bill would authorize large annual increases for targeted housing programs: Section 202 elderly housing ($1.646 billion/year, FY2026–2030), Section 811 disability supportive housing ($360 million/year, FY2026–2030), Indian Housing Block Grants ($200 million/year, FY2026–2030), and an added $70 million per year for USDA rural rental housing (FY2026–2030). It would also increase HOPWA-authorized amounts and require Davis‑Bacon wages and apprenticeship rules on HOPWA construction projects.
More homeless mental health services
If enacted, HHS (with HUD) would run a formula grant to expand mental, substance use, and harm‑reduction services for people who are unhoused. The program would be authorized at $1 billion per year for FY2026–2030. The bill would also create a SAMHSA Center for Unhoused Individuals with $10 million per year (FY2026–2030). The homeless grants would target high-need regions and increase care, treatment, and housing-related services.
Convert government buildings into housing
This bill would require HUD to set up a competitive program within one year to help States and local governments buy and convert unused government buildings into long‑term affordable rental housing. Converted projects must keep affordability for at least 30 years and meet income-targeting rules (for example, 20% of units at or below 50% AMI or 40% at or below 60% AMI) and cap housing costs at no more than 30% of the applicable income limit for targeted units.
New Interagency Housing Council
This bill would create a U.S. Interagency Council on Housing Affordability and Preservation to coordinate federal housing policy. The Council would produce a National Strategic Plan within 12 months and update it yearly, run regional technical assistance with 5–10 coordinators, and report to the President and Congress.
Prevailing wages and apprenticeship rules
If enacted, the bill would require Davis‑Bacon prevailing wages on covered federally assisted housing construction. It would also require at least 15% of total labor hours per housing unit be done by qualified apprentices and require employers with four or more construction workers to hire at least one apprentice. A good‑faith request process is included, and contractors may instead pay a $50 per hour penalty for hours not meeting apprenticeship requirements.
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Sponsors & CoSponsors
Sponsor
Sen. Schiff, Adam B. [D-CA]
CA • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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