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119-hr-9934119th CongressWALLET

Housing BOOM Act

Sponsored By: Representative Simon, Lateefah [D-CA-12]

Introduced

Summary

This bill would mobilize major federal funding to expand and preserve affordable housing and boost tenant supports. It pairs a big boost to production tools with new tenant navigation, eviction-prevention offices, and homelessness and behavioral health grants.

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Bill Overview

Analyzed Economic Effects

9 provisions identified: 6 benefits, 0 costs, 3 mixed.

Convert buildings into shelters and homes

This bill would create competitive grants to convert hotels, motels, vacant properties, and unused government buildings into emergency shelters, transitional housing, or long-term rental housing. Emergency Shelter Conversion Grants would get $250 million per year for FY2026–FY2030. Office-to-Residential Conversion Grants would get $750 million per year for FY2026–FY2030 and require at least 30 years of affordability with unit-income targeting and rent limits tied to 30% of income limits. Construction on these projects would be subject to Davis-Bacon prevailing wages.

More help for renters and tenants

This bill would authorize enough funding to add 1,000,000 tenant-based Section 8 vouchers from FY2026 through FY2035. It would create a HUD Office of Eviction Prevention and move the Eviction Protection Grant Program there, with $100 million per year for grants and $100 million per year for the Office for FY2026–FY2030. It would also fund HUD housing navigators at $50 million per year for FY2026–FY2030 to help renters apply and enroll. The bill would broaden the definition of "eviction" to include extra-legal actions and administrative evictions.

Big boost for housing production

This bill would authorize large new funds to speed affordable housing production. It would create a Housing Accelerator with $1 billion per year (FY2026–FY2030). It would add $4.2 billion per year for CDBG Title I and $1 billion per year for a disaster resilience CDBG competition for FY2026–FY2030. HOME would get $1.5 billion per year plus a $500 million per year set-aside for childcare facility projects for FY2026–FY2030. Childcare projects using the HOME set-aside would be subject to prevailing-wage rules.

Higher cap for housing tax credits

This bill would raise the multiplier used to set each State's Low-Income Housing Tax Credit ceiling from 1.12 to 3.36. The change would apply to credit allocations made in calendar years beginning after December 31, 2025. If enacted, states could allocate substantially more housing tax credits to developers starting with 2026 allocations.

New workforce and middle-income housing

This bill would create large new programs for workforce and middle-income rental housing. It would authorize Workforce Housing Block Grants at $5 billion per year for FY2026–FY2030 to finance rentals for households at 60%–120% AMI. It would also set up a Treasury Middle-Income Housing Construction Loan Fund with $10 million per year for FY2026–FY2030 for loans serving 60%–120% AMI. Projects funded by these programs would be required to pay Davis-Bacon prevailing wages.

More McKinney-Vento funding and rules

This bill would require Davis-Bacon prevailing wages for construction work funded under McKinney-Vento programs. It would also authorize major annual appropriations for McKinney-Vento assistance: $3.75 billion per year for Subtitle B and $4.45 billion per year for Subtitle C for FY2026–FY2030. The Secretary of Labor would have enforcement authority for the wage rules.

Mental health and homelessness services

This bill would create a SAMHSA Center for Unhoused Individuals with $10 million per year for FY2026–FY2030. It would also authorize $1 billion per year for FY2026–FY2030 in grants to expand mental and behavioral health and housing services for unhoused people. Grants could fund substance use disorder treatment, medication-assisted treatment, harm reduction, care coordination, workforce expansion, and housing programs. Construction paid with these grants would be subject to Davis-Bacon prevailing wages.

More funding for special-needs housing

This bill would raise annual authorizations for targeted housing programs. Section 202 elderly housing would get $1.646 billion per year for FY2026–FY2030. Section 811 supportive housing for people with disabilities would get $360 million per year for FY2026–FY2030. Indian Housing Block Grants would be set at $200 million per year for FY2026–FY2030. The bill would also add funding for AIDS housing ($600 million per year plus $500 million per year for a related HHS initiative) and authorize $70 million per year for USDA rural rental housing for FY2026–FY2030. Some of these programs would require Davis-Bacon prevailing wages for covered construction.

New Federal housing policy council

This bill would create an Interagency Council on Housing Affordability and Preservation and authorize $4.8 million per year for FY2026–FY2030. The Council would publish a National Strategic Plan within 12 months of enactment and update it yearly. Federal agencies would report to the Council and Congress about their affordable housing programs.

Sponsors & CoSponsors

Sponsor

Simon, Lateefah [D-CA-12]

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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