Bill · H.R. 5938· House(119-HR-5938)
Innovation Fund Act
- Introduced
- 11/7/2025
- Last activity
- 11/7/2025 — Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, 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.
- Sponsored by
- Emanuel Cleaver
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The Innovation Fund Act establishes a competitive grant program managed by the Secretary of Housing and Urban Development. This program aims to increase local housing supplies by awarding grants to eligible entities such as metropolitan cities, urban counties, local governments, or Indian tribes. To be eligible, these entities must demonstrate an objective improvement in their housing supply growth. Grant funds can be used for various housing activities, including streamlining regulations and promoting denser development. The Secretary is required to award at least 25 grants annually, with amounts ranging from $250,000 to $10,000,000. The act authorizes up to $200,000,000 for each fiscal year from 2027 through 2031.
Yes· 3 of 11
Does this make housing cost less?+7
The act creates a competitive grant program specifically designed to increase the supply of attainable and affordable housing through zoning and regulatory reform.
Would households on low incomes be better off under this?+6
The program targets the expansion of attainable housing for households at significantly lower income levels.
Would people in cities be better off under this?+5
The bill targets metropolitan cities and urban counties to increase housing density and supply.
The opposite
Does this better protect air, water and wildlife?-2
The bill allows for the streamlining of environmental regulations and minimizing the impact of energy efficiency standards to reduce housing costs.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Housing Supply: The program provides funds to entities that have demonstrated an objective improvement in housing supply growth (Section 2(a)(2)).
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Increased Affordability: Grants can support initiatives that facilitate the expansion of "attainable housing," which serves households at specific income levels relative to the area median income (Section 2(a)(1)).
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Reduced Production Costs: Funds can be used for initiatives intended to reduce the cost of housing production, such as revising or eliminating off-street parking requirements or minimizing the impact of energy and water efficiency standards (Section 2(b)(4)(B)(ii) and (xi)).
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Expanded Housing Options: The bill allows for initiatives that increase by-right uses for various building types, including duplexes, triplexes, quadplexes, and multifamily buildings (Section 2(b)(4)(B)(i)).
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Expanded Accessory Dwelling Units: An entity can use funds to eliminate restrictions against accessory dwelling units and expand their by-right use (Section 2(b)(4)(B)(vii)).
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Streamlined Processes: Grants can support the streamlining of regulatory requirements, shortening processes, and reforming zoning codes to reduce barriers to housing (Section 2(b)(4)(B)(vi)).
Potential Negative Impacts for People
- No specific negative impacts are explicitly stated within the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+6Good For Urban Residents+5Good For Middle Class Households+4Good For Native Americans+4Good For Hispanic Americans+3Good For Rural Residents+3
- Social Issues And Justice
- Improves Affordable Housing+7Improves Poverty Reduction+4
- Economy And Finance
- Improves Economic Growth+3
- Governance And Ideology
- Improves Government Transparency+2
- Environment Energy And Infrastructure
- Improves Public Transit+2Improves Environmental Protections-2
- 11/7/2025
- Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, 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.
- 1 Cosponsor added.
- Introduced in House
3 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Ayanna PressleyDemocrat · Massachusetts