HR 5938119th CongressIn Committee

Innovation Fund Act

Introduced: Nov 7, 2025

Sponsor: Rep. Cleaver, Emanuel [D-MO-5] (D-Missouri)

Economy & TaxesHousing & Urban DevelopmentInfrastructure

Standard Summary

Comprehensive overview in 1-2 paragraphs

The Innovation Fund Act establishes a competitive HUD-administered grant program awarding $250k-$10M to local governments and tribes that have demonstrably increased housing supply, specifically targeting entities implementing zoning reforms and policy changes to expand attainable housing for households up to 120% of area median income through infrastructure projects and regulatory streamlining.

Key Points

1The bill creates a competitive grant program requiring eligible entities to demonstrate objective housing supply growth improvements as defined by HUD's published methodology with public comment periods.
2Grants fund specific housing supply initiatives including zoning reforms for multifamily housing, reduced parking requirements, streamlined permitting, and infrastructure projects supporting attainable housing development.
3Priority funding goes to entities implementing innovative policies like eliminating ADU restrictions and demonstrating marked housing supply growth improvements across diverse geographic areas.

Impact Areas

Local governments and tribes meeting housing supply growth criteriaLow-to-moderate income households accessing attainable housingUrban planning departments implementing zoning and regulatory reforms

Generated by Legislative Analysis Core v3.1 on Nov 13, 2025