# 119-hr-5938: Innovation Fund Act

119-hr-5938, Innovation Fund Act, is a 119th Congress bill sponsored by Rep. Cleaver, Emanuel [D-MO-5] (D-MO); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-5938
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-5938
- Congress: 119
- Title: Innovation Fund Act
- Status: introduced
- Introduced: 2025-11-07
- Sponsor: Rep. Cleaver, Emanuel [D-MO-5] (D-MO)
- Cosponsors: 1
- Policy area: Housing and Community Development
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would create a national competitive grant program to expand local attainable housing supply.** It would ask HUD to award money to cities, counties, and tribes that can show recent housing growth and that adopt policies to enable denser, lower‑cost housing. - Families and renters: Funds would support building and preserving housing targeted to households around 60–80% of area median income, with alternate tests that reach up to 100–120% of AMI. This aims to increase units that are within reach for lower‑ and moderate‑income households. - Local governments and tribes: Eligible entities must demonstrate recent housing supply growth and publish a methodology for that determination. Grants would range from $250,000 to $10,000,000, with at least 25 awards per year and a geographic mix of rural, suburban, and urban recipients. - Housing production and permitting: Grants can pay for construction and for policy reforms that lower costs and allow denser development, such as by‑right missing‑middle housing, smaller lot rules, relaxed parking, streamlined permitting, accessory dwelling unit reforms, and tax or financing incentives. *Would authorize $200 million per year for FY2027 through FY2031, adjusted for inflation, increasing federal outlays over that period.*

## Cosponsors (1)

- Rep. Pressley, Ayanna [D-MA-7] (D-MA), 2025-11-07T00:00:00.000Z

## Provisions PRIA read

- New competitive housing grants: benefit, medium. If enacted, the bill would require HUD to create a competitive Innovation Fund within one year. The program would get $200 million per year for FY2027–FY2031, adjusted for inflation by the Consumer Price Index. HUD would make at least 25 grants each year unless funds are insufficient, with each gra…
- HUD cannot override local zoning: mixed, low. If enacted, the bill would say that nothing in this section lets HUD require, replace, or preempt local zoning or land-use rules. It would also state that the section does not change the requirements of section 105(c)(1) of the Cranston‑Gonzalez National Affordable Housing Act. This is a legal limi…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-7973: Momnibus Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-2038: American Housing and Economic Mobility Act of 2025
- 119-hr-3971: Domestic Workers Bill of Rights Act

## Sources
- [119-hr-5938 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/5938)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-2038: American Housing and Economic Mobility Act of 2025](https://policyrisk.com/legislation/119-hr-2038)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-5938 (as of 2026-04-21).