Housing Innovation Act

Hozzl · 2025-02-28T09:08:22Z

Explore the details of House Bill 855 Housing Innovation Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/28/2025, 9:08 AM

Summary of Bill HR 855

Bill 119 HR 855, also known as the "Office of Housing Innovation Act," aims to create a new office within the Department of Housing and Urban Development (HUD) called the Office of Housing Innovation. This office will focus on researching and implementing new strategies to address the issues of housing shortages, housing affordability, and traffic congestion in the United States.

The main goal of the Office of Housing Innovation is to explore innovative approaches to increase and diversify the supply of housing in order to meet the growing demand for affordable housing. By developing new solutions to these challenges, the office hopes to improve the overall quality of life for Americans and alleviate the strain on existing housing markets.

Some of the key responsibilities of the Office of Housing Innovation include conducting research on housing trends, collaborating with stakeholders in the housing industry, and providing recommendations to policymakers on how to address housing shortages and affordability issues. Additionally, the office will work to identify ways to reduce traffic congestion by promoting the development of housing in areas with access to public transportation. Overall, Bill 119 HR 855 seeks to establish a proactive and forward-thinking approach to addressing the housing crisis in the United States. By creating the Office of Housing Innovation, lawmakers hope to foster creativity and collaboration in finding solutions to these pressing issues.

Current Status of Bill HR 855

Bill HR 855 is currently in the status of Bill Introduced since January 31, 2025. Bill HR 855 was introduced during Congress 119 and was introduced to the House on January 31, 2025. Bill HR 855's most recent activity was Referred to the House Committee on Financial Services. as of January 31, 2025

Bipartisan Support of Bill HR 855

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 855

Primary Policy Focus

Alternate Title(s) of Bill HR 855

To establish an Office of Housing Innovation in the Department of Housing and Urban Development to assist in exploring and developing new approaches for increasing and diversifying the supply of housing and for meeting the challenges of housing shortages, housing affordability, and traffic congestion, and for other purposes.To establish an Office of Housing Innovation in the Department of Housing and Urban Development to assist in exploring and developing new approaches for increasing and diversifying the supply of housing and for meeting the challenges of housing shortages, housing affordability, and traffic congestion, and for other purposes.

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Sponsors and Cosponsors of HR 855

Mark DeSaulnier

California(Democrat)

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