Housing BOOM Act

Sponsor: Lateefah Simon (Democratic-CA)July 23, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Energy and Commerce, 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.

More affordable homes and help for people facing homelessness would become available.

This bill aims to increase the number of affordable homes across the country for low- and middle-income families. It would also provide more support for people experiencing homelessness and help prevent evictions. The bill sets aside billions of dollars for new and existing housing programs.

What Would Change

Today, federal programs support housing, but this bill would significantly expand their reach and create new initiatives. Currently, the Low-Income Housing Tax Credit has a certain limit; this bill would triple that limit, allowing for more affordable housing projects. New programs would be established, such as a Middle-Income Housing Construction Loan Fund and a Workforce Housing Block Grant Program, which do not currently exist. Funding for many existing programs like Community Development Block Grants, HOME Investment Partnerships, and various supportive housing programs would see substantial increases, in some cases billions of dollars, for the government's budget years 2026 through 2030. A new SAMHSA Center for Unhoused Individuals and an Office of Eviction Prevention at HUD would be created, along with new grant programs for behavioral health services for the homeless and eviction prevention. An Interagency Council on Housing Affordability and Preservation would be formed to coordinate federal housing efforts. Additionally, the bill would authorize 1,000,000 more tenant-based rental assistance vouchers over ten years, a significant increase from current levels. Many construction projects receiving federal funds under this bill would now be required to pay prevailing wages, which is not universally mandated for all current housing projects.

Key Provisions

Boosts Housing Supply: Expands the Low-Income Housing Tax Credit, establishes new loan and grant programs for middle-income and workforce housing, and provides grants for converting existing structures into affordable housing and emergency shelters.
Increases Funding for Existing Programs: Significantly increases appropriations for various federal housing initiatives, including Community Development Block Grants (CDBG), HOME Investment Partnerships, USDA Rural Housing, Indian Housing Block Grants, and supportive housing programs for the elderly, persons with disabilities, and persons with AIDS.
Combats Homelessness: Provides substantial new funding for homelessness assistance and supportive services, and establishes a SAMHSA Center for Unhoused Individuals with dedicated grants for mental and behavioral health services for homeless populations.
Enhances Tenant Support: Authorizes an increase of 1,000,000 tenant-based rental assistance vouchers, creates grants for housing assistance and navigation services, and establishes an Office of Eviction Prevention within HUD with dedicated grant funding.

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HR 9934 · 119th Congress · July 23, 2026 · AI Summary by gemini-2.5-flash · 8/10

Housing BOOM Act

What Would Change

Key Provisions

Lobbying Activity