# 119-s-3067: Innovation Fund Act

119-s-3067, Innovation Fund Act, is a 119th Congress bill sponsored by Sen. Warren, Elizabeth [D-MA] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3067
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3067
- Congress: 119
- Title: Innovation Fund Act
- Status: introduced
- Introduced: 2025-10-28
- Sponsor: Sen. Warren, Elizabeth [D-MA] (D-MA)
- Cosponsors: 1
- Policy area: Housing and Community Development
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates a HUD competitive grant program to reward local governments that increase housing supply and fund local policy changes to expand "attainable housing."** The bill defines what counts as attainable housing and sets eligibility for cities, counties, and tribes that can show objective housing supply growth. - Families and renters: Would support housing that serves low- and middle-income households by funding projects tied to specified area median income ranges, including majority-serving thresholds such as 80–100% or 60–120% of AMI. - Local governments and tribes: Makes metropolitan cities, urban counties, other local governments, and Indian tribes eligible if they demonstrate housing supply growth and meet HUD's public-commented methodology for eligibility. - Local policy and projects: Grants may pay for Community Development Block Grant activities, zoning and permitting reforms, accessory dwelling units, parking changes, tax or public financing incentives, matching for certain EPA water revolving funds, and other cost-reducing construction or regulatory changes. - Program design: HUD would run a competitive program that awards at least 25 grants annually and gives priority to places with innovative policies or clear improvements in housing supply. *This bill would authorize $200 million per year for fiscal years 2027 through 2031, adjusted for inflation, increasing federal spending over that period.*

## Cosponsors (1)

- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2025-10-28T00:00:00.000Z

## Provisions PRIA read

- More federal housing grants for cities: benefit, high. If enacted, the bill would authorize $200 million a year for a new HUD grant program for fiscal years 2027 through 2031. The authorized amount would be adjusted for inflation using the Consumer Price Index. HUD would be directed to make at least 25 grants each year if funding allows. Individual gra…
- Local grants to boost housing supply: benefit, medium. If enacted, HUD would have one year to set up a competitive grant program for cities, urban counties, local governments, and Indian tribes that have increased housing supply. HUD must publish how it measures improvement in the Federal Register and allow at least 90 days for public comment before a…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-934: American Housing and Economic Mobility Act of 2025

## Sources
- [119-s-3067 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3067)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [119-s-934: American Housing and Economic Mobility Act of 2025](https://policyrisk.com/legislation/119-s-934)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3067 (as of 2026-04-21).