The bill would require the Secretary of Housing and Urban Development to establish, within 18 months of enactment, a voluntary Freedom to Build designation for localities that adopt at least three reforms in each of three categories or meet an affordability-adjusted housing-supply target. Designations would last five years, be publicly listed, and could be revoked after notice and at least 180 days to correct deficiencies. HUD would prioritize designated localities for certain competitive grants, while other federal agencies would be encouraged to consider the designation in infrastructure, transportation, and community-development grants.

FactVote-generated overview; it is not an official CRS summary.