Interagency Council on Affordable Housing Act of 2023

HR 2974 establishes the United States Interagency Council on Housing Affordability and Preservation, a new federal body composed of heads from 21 agencies (including HUD, Treasury, and Justice) to coordinate efforts on affordable housing. The Council’s key duties include developing a national strategic plan for affordable housing within 12 months, reviewing federal housing programs, providing regional support to states and localities to access federal resources, and requiring annual agency reports on housing barriers. It mandates $4.8 million annually for operations (2024-2028) and encourages states to create their own housing councils to align with federal goals. The bill directly affects federal agencies, state/local governments, and low-income renters by improving coordination and access to housing programs, without directly changing housing subsidies or tenant protections.