To authorize the Secretary of Housing and Urban Development to prioritize the award of certain housing grants to applicants located in, or serving, low-income communities.

This bill directs the U.S. Department of Housing and Urban Development to give extra priority when awarding certain housing construction and renovation grants to projects in or benefiting low-income opportunity zones. It allows HUD officials to consider an applicant's location in a qualified opportunity zone as a positive factor during the competitive grant selection process. The legislation applies to grants related to building, modifying, or preserving housing and would affect developers and organizations seeking federal housing funding in designated areas. By giving additional weight to these projects, the bill aims to channel more federal housing resources toward communities identified as opportunity zones under existing tax law.