The SPUR Housing Act aims to support new developers by providing grants to nonprofit organizations that help create affordable housing. This is important because it encourages development in areas that need it most.
If you are a new developer, this bill could provide you with the funding and training you need to build affordable housing.
Who this affects
Housing developers · Nonprofit organizations
What changes is this bill making?
1This bill creates a fund to help new housing developers get started.
2It provides grants to nonprofit organizations that support affordable housing.
3The grants can be used for loans, training, and technical assistance.
4The program focuses on helping developers in struggling communities.
5Organizations must show their plans and past successes to receive funding.
