Sec. 206. Community and affordable housing development
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/bill/118/hr/10171/ih/section-206·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary shall, not later than 1 year after the date of the enactment of this title, establish a grant program to provide financial assistance to eligible entities. The term eligible entity in this section means a— nonprofit organization; local government; housing authority; or developer. Amounts awarded under this section shall be used by an eligible entity on projects that— serve low-income and moderate-income households; address specific community needs; utilize prefabricated and modular constructions methods; and involve communities in planning and development processes, ensuring that prefabricated housing projects meet local needs and preferences, including through conducting— public meetings for community members to voice opinions, ask questions, and provide feedback on proposed affordable housing developments; surveys, in multiple languages, to gather opinions and suggestions from community members about planning and development processes; and neighborhood walkthroughs and site visits to allow community members to see potential housing development sites and discuss concerns and suggestions.
The Secretary shall give grant priority to projects that demonstrate the potential to— increase affordable housing stock; utilize sustainable building practices; and create community benefits. To be eligible to receive amounts under this section, an eligible entity shall submit an application to the Secretary, at such a time and in such a manner as the Secretary may reasonably require, that describes the scope, objectives, budget, timeline, and expected outcomes of the project for which such eligible entity shall use any amounts provided under this section.
Each application received by the Secretary shall be reviewed by a panel of experts, to be selected by the Secretary, who shall evaluate such applications on criteria including— innovation; feasibility; impact on affordable housing; and alignment with the goals of the programs under this title. There is authorized to be appropriated to the Secretary $15,000,000,000 for grants under this section. Any amounts appropriated pursuant to this subsection shall remain available for a period of 10 years.
Each eligible entity that receives amounts under this section shall submit quarterly progress reports to the Secretary detailing the— use of funds; research developments; and any challenges encountered. The Secretary shall conduct regular audits to ensure compliance with grant terms and the effective use of funds.