Enterprise Community Investment says ROAD to Housing Act authorizes programs but provides no funding - XLRE News | RalliesEnterprise Community Investment says ROAD to Housing Act authorizes programs but provides no funding
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XLRE• ROAD to Housing Act authorizes programs without funding
- Enterprise Community Investment flagged that the 21st Century ROAD to Housing Act authorized new housing programs without providing funding.
- Appropriations bills will determine whether most pilots become funded programs or remain limited to HUD’s existing operating budget and capacity.
- The act bars additional funds from being authorized for its requirements, increasing reliance on annual appropriations decisions.
- Only the Innovation Fund carries a defined authorization: USD 200 million annually for FY2027-FY2031, with HUD to establish it by July 11, 2027.
- Some CDBG changes take effect through program rules, including making affordable housing construction eligible starting FY2027, capped at 20%.
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