Housing Supply and Affordability Act

This bill, known as the Housing Supply and Affordability Act, creates a federal grant program to help states, cities, counties, and regional planning agencies develop and implement plans to increase housing supply and affordability. The program provides competitive grants that can be used for activities such as updating zoning codes, improving housing strategies, reducing development barriers, and coordinating with transportation agencies, but cannot be used for construction or repairs. Local governments receiving funds must limit administrative costs to no more than 10 percent of the grant amount and must coordinate with federal transit authorities where possible. The authority to award these grants is limited to a five-year period, after which the program will end.