FAST Housing Act

#8171 | HR Congress #119

Subjects:

Last Action: Referred to the Committee on Financial Services, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (4/2/2026)

Bill Text Source: Congress.gov

Summary and Impacts
Original Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8171 Introduced in House (IH)]

<DOC>






119th CONGRESS
  2d Session
                                H. R. 8171

To direct the Secretary of Housing and Urban Development to establish a 
   demonstration program to develop workforce housing and affordable 
 housing in areas where the workforce is expanding significantly, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 2, 2026

 Mr. Ciscomani (for himself and Mr. Quigley) introduced the following 
bill; which was referred to the Committee on Financial Services, and in 
    addition to the Committee on Appropriations, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
To direct the Secretary of Housing and Urban Development to establish a 
   demonstration program to develop workforce housing and affordable 
 housing in areas where the workforce is expanding significantly, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Facilitating Accelerated Supply of 
Targeted Housing Act'' or the ``FAST Housing Act''.

SEC. 2. DEMONSTRATION PROGRAM FOR THE DEVELOPMENT OF WORKFORCE AND 
              AFFORDABLE HOUSING.

    (a) Establishment.--Not later than 1 year after the date of the 
enactment of this section, the Secretary of Housing and Urban 
Development shall establish a demonstration program to award not more 
than 15 grants on a competitive basis to eligible entities to develop 
workforce housing and affordable housing in areas within the 
jurisdiction of such entity where such entity has determined that the 
workforce is expanding significantly.
    (b) Application.--
            (1) In general.--To be eligible for a grant under this 
        section, an eligible entity shall submit an application to the 
        Secretary at such time and in such manner as the Secretary may 
        reasonably require.
            (2) Required inclusions.--
                    (A) In general.--In an application for a grant 
                under this subsection, an eligible entity shall 
                include--
                            (i) a list of existing laws, regulations, 
                        and policies effective in the jurisdiction of 
                        such entity that facilitate the development of 
                        workforce housing; and
                            (ii) a list of proposed laws, regulations, 
                        or policies that such entity intends to adopt 
                        that will reform zoning and facilitate the 
                        development of workforce housing, and a 
                        timeline for the adoption and implementation of 
                        such law, regulations, or policies.
                    (B) Types of reforms.--Types of laws, regulations, 
                or policies that reform zoning and facilitate the 
                development of workforce housing and affordable housing 
                include--
                            (i) upzoning, including by-right 
                        development of mixed use, higher density, and 
                        accessory dwelling units;
                            (ii) expedited permitting with set, 
                        shortened review timelines;
                            (iii) by-right zoning for multifamily 
                        residential development near public transit;
                            (iv) activities that reduce barriers to 
                        placing manufactured and modular housing;
                            (v) removal of parking minimums; and
                            (vi) reductions of minimum lot size 
                        requirements.
    (c) Priority.--When awarding grants under this section, the 
Secretary shall give priority to eligible entities whose removal or 
streamlining of regulatory barriers has, as determined by the 
Secretary, most increased the amount of workforce housing and 
affordable housing in the jurisdiction of such eligible entity.
    (d) Variety of Geographic Areas.--When selecting eligible entities 
to receive amounts under this section, the Secretary of Housing and 
Urban Development shall, to the extent practicable based on the 
eligible entities that apply, strive to provide amounts to eligible 
entities in a variety of geographic areas, so that the impact of the 
demonstration program can be evaluated in urban, suburban, and rural 
areas.
    (e) Use of Amounts.--
            (1) In general.--An eligible entity shall use any amounts 
        provided under this section to finance--
                    (A) costs associated with converting commercial 
                space into workforce housing and affordable housing 
                though private-public partnerships, including physical 
                improvements, rehabilitation and development of such 
                space;
                    (B) costs associated with developing, 
                rehabilitating, and physically improving workforce 
                housing and affordable housing though private-public 
                partnerships;
                    (C) technical assistance for housing developers; 
                and
                    (D) the identification and acquisition of 
                properties that can be used to develop new and 
                rehabilitated workforce housing and affordable housing 
                in high-opportunity, mixed-income neighborhoods.
            (2) 30 percent used for affordable housing.--Each eligible 
        entity shall ensure that not less than 30 percent of the 
        workforce housing units created, rehabilitated or improved by 
        such eligible entity using amounts provided under this section 
        are affordable housing units.
    (f) Term.--Each eligible entity shall ensure that each workforce 
housing unit or affordable housing unit created, rehabilitated or 
improved by such eligible entity using amounts provided under this 
section remains a workforce housing unit or affordable housing unit for 
not a period of not less than 5 years and after the conclusion of such 
period remains in compliance with any requirements established by the 
Secretary for workforce housing assisted under this section.
    (g) Technical Assistance.--The Secretary shall provide technical 
assistance to eligible entities that are awarded a grant under this 
subsection with respect to using such grant amounts in conjunction with 
other Federally funded housing assistance programs.
    (h) Study.--The Secretary shall, not later than 18 months after the 
Secretary provides a grant under this section, and each year thereafter 
that the demonstration program is active, conduct a study to examine 
the effectiveness of the demonstration program that includes--
            (1) an evaluation of the impact of the demonstration 
        program on the timeline of approval, construction, and number 
        of new workforce housing units; and
            (2) a comparison of such timelines in communities that 
        participated in the demonstration program and communities that 
        did not participate in the demonstration program.
    (i) Use of Unobligated COVID Funds.--
            (1) In general.--Not later than 30 days after the date of 
        the enactment of this section, the Secretary of the Treasury 
        shall identify all Covid funds and transfer 10 percent of such 
        amounts to the Secretary to carry out this section.
            (2) Availability and use.--Amounts transferred under this 
        section shall remain available until expended.
    (j) Definitions.--In this section:
            (1) Affordable housing.--The term ``affordable housing'' 
        means housing for which the total monthly housing cost payment 
        is not more than 30 percent of the monthly household income for 
        a household earning not more than 80 percent of the area median 
        income.
            (2) Covid funds.--The term ``Covid funds'' means amounts 
        made available under--
                    (A) the Coronavirus Preparedness and Response 
                Supplemental Appropriations Act;
                    (B) the Families First Coronavirus Response Act;
                    (C) the CARES Act;
                    (D) the Paycheck Protection Program and Health Care 
                Enhancement Act;
                    (E) the Consolidated Appropriations Act of 2021; 
                and
                    (F) the American Rescue Plan Act.
            (3) Eligible entity.--The term ``eligible entity'' means a 
        unit of local government or a public housing agency that has 
        can demonstrate that--
                    (A) the workforce in its area of jurisdiction has 
                expanded as a result of Federal investments made 
                through the Infrastructure Investment and Jobs Act or 
                the CHIPS and Science Act; and
                    (B) can demonstrate that there is a housing supply 
                shortage in its area of jurisdiction, including by 
                showing low vacancy rates, rapid price increases, or 
                high housing cost burdens.
            (4) Public housing agency.--The term ``public housing 
        agency'' has the meaning given the term in section 3 of the 
        United States Housing Act of 1937 (42 U.S.C. 1437a).
            (5) Secretary.--The term ``Secretary'' means the Secretary 
        of Housing and Urban Development.
            (6) Workforce housing.--
                    (A) In general.--The term ``workforce housing'' 
                means--
                            (i) housing for which the total monthly 
                        housing cost payment does not exceed 30 percent 
                        of the amount equal to 120 percent of the 
                        median income in the area, as determined by the 
                        Secretary, with appropriate adjustments for the 
                        size of the household; and
                            (ii) housing made available for purchase at 
                        a rate that does not exceed 110 percent of the 
                        median price in the area for a comparable 
                        housing unit, as determined by the Secretary.
                    (B) Adjustments.--The Secretary may adjust the 
                amounts described in subparagraph (A) if the Secretary 
                determines that such adjustments are appropriate 
                because of unusually high or low incomes in the area.
                                 <all>

AI processing bill