ABODE Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7326 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7326 To direct the Secretary of Housing and Urban Development to conduct a grant competition for the development of single- and multi-family homes, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 3, 2026 Mr. Foster (for himself, Ms. Pettersen, and Mr. Fields) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To direct the Secretary of Housing and Urban Development to conduct a grant competition for the development of single- and multi-family homes, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Advancing Better Options for Dwellings Everywhere Act'' or the ``ABODE Act''. SEC. 2. COMPETITION. (a) In General.--The Secretary of Housing and Urban Development (in this section referred to as the ``Secretary''), in consultation with the Department of Energy and the Environmental Protection Agency, shall-- (1) conduct a grant competition to provide grants to academic organizations, nonprofit organizations, and for-profit or nonprofit mission-driven developers to develop, or rehabilitate existing, single- and multi-family homes-- (A) for households with an income that is not more than 50 percent of the area median income; and (B) with a focus on-- (i) reducing development costs; (ii) increasing resiliency, energy efficiency, accessibility for individuals with disabilities; and (iii) selecting projects that are built to scale; and (2) study the short- and long-term savings of the resiliency and energy efficiency measures that were implemented in the homes described in paragraph