Project Turnkey Act

Increased Housing and Shelter Capacity: The bill allows for the acquisition, development, and operation of non-congregate shelter units or affordable rental housing, as well as the conversion of vacant properties like motels, hotels, schools, and hospitals into affordable housing (Section 2, (b)(3)(D-E)).

Direct Rental Assistance: Eligible entities can use funds for rental assistance, which includes providing rent, security deposit, and utility payments (Section 2, (b)(3)(A)).

Expanded Support Services: The program funds supportive services, which include housing counseling and homeless prevention services (Section 2, (b)(3)(C)).

Capacity Building for Nonprofits: Funds can be used to cover the operating expenses of community housing development organizations and nonprofit organizations to help them carry out authorized activities (Section 2, (b)(2)(A)).

Technical Assistance: The Secretary can provide $25,000,000 to increase capacity building and technical assistance for grantees (Section 2, (g)(2)).

Strict Funding Restrictions: To receive funds, an eligible entity must ensure the money only supplements, rather than replaces, existing State or local funds (Section 2, (d)).

Administrative Limits: There are strict caps on how funds can be used, such as a 15 percent limit on administrative and planning costs and a 5 percent limit on covering the operating expenses of certain nonprofit organizations (Section 2, (b)(1-2)).

Waiver of Requirements: The Secretary has the authority to waive or change certain requirements of the Cranston-Gonzalez National Affordable Housing Act and the McKinney-Vento Homelessness Act to speed up the process, though they cannot waive requirements related to fair housing, nondiscrimination, labor standards, or the environment (Section 2, (g)(4)).