Workforce Housing Development Act

HR 5733 establishes a competitive grant program administered by the Secretary of Housing and Urban Development to increase affordable workforce housing. It provides funds to eligible entities like state/local governments, nonprofits, and housing agencies for constructing, preserving, or rehabilitating workforce housing units. These units must be affordable (costing no more than 30% of a buyer’s income) and remain affordable for at least five years after sale to households earning up to 100% of the local median income. Grants prioritize areas with rising housing costs, decreasing supply, or employer recruitment challenges due to housing shortages, with annual reports required detailing recipients, units created, and buyer demographics.