Project Turnkey Act

This bill establishes the Project Turnkey Program, allocating $1 billion annually to fund affordable housing and homelessness services. It directly helps vulnerable populations including homeless individuals, those at risk of homelessness, and victims fleeing domestic violence or trafficking. Key provisions allow funds for rental assistance, rehabilitating vacant properties (like hotels and motels), supportive services, and shelter operations, while requiring states to use funds to supplement - not replace - existing local housing investments. The program runs through 2034 with specific rules to streamline housing development and expand capacity for community organizations.