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Housing Supply and Affordability Act

Bill Number
S. 4020
Origin Chamber
Senate
Congress
119th Congress, Session 2
Status
Introduced
Latest Action
2026-03-05: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Last Updated
2026-03-20T02:23:29Z

AI-Generated Summary

Purpose

The Housing Supply and Affordability Act aims to address housing shortages and high costs by authorizing a temporary federal grant program. This program supports local and regional efforts to plan and implement strategies that increase housing supply, improve affordability, and enhance access to housing, particularly for underserved groups like people with disabilities.

Key Provisions

Significant Changes to Existing Law

This bill introduces a new, short-term grant program under HUD, building on but not directly altering prior laws like the Housing and Community Development Act of 1974 (which defines eligible areas) and the Cranston-Gonzalez National Affordable Housing Act (which requires housing strategies). It adds federal funding specifically for planning and regulatory reforms to tackle housing supply issues, without creating permanent mandates or changing core eligibility rules for other housing programs.

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Klobuchar, Amy [D-MN]

Cosponsors (2)

Sen. Blunt Rochester, Lisa [D-DE], Sen. Kaine, Tim [D-VA]

Recent Actions

Bill Versions