Economic Empowerment Through Predevelopment Act of 2023

HR 5098, the Economic Empowerment Through Predevelopment Act of 2023, creates new federal grants to help community groups and nonprofits prepare for future development projects. The bill adds Section 208 to the Public Works and Economic Development Act of 1965, allowing grants for activities like community asset mapping, feasibility studies, training, and organizational capacity building - before actual construction begins. These grants directly assist eligible recipients (such as local nonprofits or community organizations) seeking to develop projects like housing or infrastructure. The policy change enables these groups to conduct essential predevelopment work without requiring upfront funding for major construction.