Housing and Community Development
FAST Housing Act
- Introduced
- Committee
- House
- Senate
- President
- Law
- Introduced
- April 2, 2026
- Sponsor
- · R–AZ
- Recorded roll calls
- None recorded
Referred to the Committee on Financial Services, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Read FactVote summary
The bill would direct HUD, within one year, to establish a competitive demonstration program awarding no more than 15 grants to eligible local governments or public housing agencies that can demonstrate workforce expansion resulting from Federal investments through the Infrastructure Investment and Jobs Act or the CHIPS and Science Act, along with a housing supply shortage. Grants could support housing conversion, development, rehabilitation, improvements, technical assistance, and property acquisition. At least 30 percent of assisted units would have to be affordable housing, and Treasury would transfer 10 percent of identified COVID funds to HUD for the program.
FactVote-generated overview; it is not an official CRS summary.