Innovative Housing Solutions and Affordability Act

This bill provides $75 million in federal funding (2025-2029) to expand innovative housing construction. It directs the Secretary of Housing and Urban Development to award grants to states, which will then provide subgrants to small construction companies (under 500 employees) using industrialized methods like modular, panelized, or 3D-printed housing. Key provisions include incentives of up to $6,000 per unit (higher for affordable/energy-efficient units) and a $50,000 fixed incentive if projects include at least 10% affordable housing. The bill directly affects small housing developers and aims to reduce construction costs and time while increasing affordable housing options.