ABODE Act

HR 7326 (ABODE Act) creates a grant program to fund the development or rehabilitation of affordable housing. It directs the Department of Housing and Urban Development (HUD) to award grants to organizations building or rehabbing single- and multi-family homes for households earning 50% or less of the area median income. Projects must prioritize reducing costs, improving energy efficiency, enhancing accessibility for people with disabilities, and using resilient designs. HUD will require grantees to build a set number of homes meeting these standards before receiving full payment, and must report results to Congress within two years.