Bill · S. 2915· Senate(119-S-2915)
SPUR Housing Act
- Introduced
- 9/19/2025
- Last activity
- 9/19/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S6792-6793)
- Sponsored by
- Richard Durbin
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The "Sparking Production of Urban and Rural Housing Act" (or "SPUR Housing Act") requires the Secretary of Housing and Urban Development to create an emerging developer fund program. This program provides competitive grants to community development financial institutions and nonprofit housing organizations. These grantees use the funds to provide financing, training, and technical assistance to emerging developers. The goal is to support affordable housing and community development projects, particularly in distressed communities and high opportunity areas. The bill authorizes $50 million in appropriations annually from fiscal year 2026 through 2030.
Yes· 3 of 28
Does this make housing cost less?+9
Directly funds the creation of affordable housing through emerging developer support.
Would households on low incomes be better off under this?+8
Directly targets affordable housing production in distressed communities.
Would business owners be better off under this?+7
Specifically benefits emerging real estate developers through funding and training.
The opposite
Does this reduce what the federal government spends?-2
Increases government spending by establishing a new grant program.
Does this reduce what the federal government owes?-1
Requires new federal spending of $50 million annually.
Who it would affect, and how
Potential Positive Impacts for People
-
Support for Affordable Housing: The bill provides financing and resources for emerging developers to undertake affordable housing and community development projects (Section 3(b)(1)).
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Training and Education: Emerging developers can receive capacity-building training, technical assistance, mentoring, and networking opportunities (Section 3(b)(3), 3(d)(4)).
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Focus on Struggling Areas: The Secretary must prioritize grants for developers focusing on projects in distressed communities and high opportunity areas (Section 3(e)(1)(C)).
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Educational Partnerships: The bill encourages partnerships with community colleges, part B institutions, and other institutions of higher education to provide real estate development coursework (Section 3(d)(5)).
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Financial Assistance for New Developers: The program offers specific financial tools like predevelopment loans, grants, and interest rate buy downs to those with limited liquidity or experience (Section 2(4), 3(b)(1)).
Potential Negative Impacts for People
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Limited Funding: The total authorized appropriation is $50 million per year, which may limit the number of people or projects that can actually benefit from the program (Section 3(h)).
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Grant Caps: No single organization or institution can receive more than 15 percent of the total appropriated amount, which may limit the scale of support a single high-impact organization can provide (Section 3(f)).
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+8Good For Business Owners+7Good For Rural Residents+7Good For Urban Residents+7Good For African Americans+6Good For Hispanic Americans+6Good For Young Adults+6Good For Native Americans+5Good For Students+5Good For Asian Americans+4Good For Children+4Good For Immigrants+4Good For Middle Aged+4Good For Middle Class Households+4Good For Retirees+4Good For Seniors+4Good For Farmers+3Good For Union Workers+3Good For White Americans+3
- Social Issues And Justice
- Improves Affordable Housing+9Reduces Homelessness+7Improves Poverty Reduction+6Improves Racial Equity+5
- Economy And Finance
- Improves Small Business Support+7Improves Economic Growth+3Increases Job Creation+3Reduces Government Spending-2Reduces National Debt-1
- Environment Energy And Infrastructure
- Improves Rural Development+6
- Governance And Ideology
- Increases Federal Power+2
- 12/1/2025
- 1 Cosponsor added.
- 9/19/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S6792-6793)
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Jacky RosenDemocrat · Nevada