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S 3067119th CongressIn Committee
Innovation Fund Act
Introduced: Oct 28, 2025
Sponsor: Sen. Warren, Elizabeth [D-MA] (D-Massachusetts)
Standard Summary
Comprehensive overview in 1-2 paragraphs
S. 3067 establishes an Innovation Fund that awards competitive grants to eligible local governments and Indian tribes for projects that increase attainable housing supply, with priority for innovative policies and a $200 million annual appropriation.
Key Points
- 1Defines attainable housing and eligible entities (metropolitan cities, urban counties, local governments, Indian tribes).
- 2Grants up to 25 per year, $250,000–$10 million each.
- 3Prioritizes entities demonstrating innovative policies and measurable supply growth.
- 4Funds may be used for a wide range of housing‑related activities (e.g., zoning changes, environmental regulation streamlining).
- 5Appropriated $200 million per year (2027‑2031), inflation‑adjusted.
Impact Areas
Local governments and Indian tribesHousing developers and buildersState housing finance agenciesLow‑income and affordable‑housing communities
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