ARCH Act of 2022

The ARCH Act of 2022, also known as Bill 117 HR 8747, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address the issue of affordable housing in the United States by providing funding and support for the development of affordable housing units.

The ARCH Act aims to increase the availability of affordable housing by providing grants to states and local governments to support the construction of new affordable housing units. These grants would be used to fund the development of affordable housing projects, as well as to provide rental assistance to low-income individuals and families.

In addition to providing funding for affordable housing projects, the ARCH Act also includes provisions to streamline the process for developing affordable housing units. This includes reducing regulatory barriers and expediting the approval process for affordable housing projects. Overall, the ARCH Act of 2022 seeks to address the growing issue of affordable housing in the United States by providing funding and support for the development of affordable housing units. If passed, this bill has the potential to make a significant impact on the availability of affordable housing for low-income individuals and families across the country.