S. 2465: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2026

The bill focuses on funding and initiatives related to transportation and housing for the fiscal year 2026. It aims to support infrastructure projects, improve housing conditions, and enhance accessibility for disadvantaged communities. Below are the key components of the bill:

Transportation Funding

The bill allocates substantial funding to the Departments of Transportation and Housing and Urban Development, ensuring dedicated financial resources for various transportation projects. This includes:

• Approximately $319,368,000 for airport grants, with $260 million earmarked for specific projects and an additional $50 million available for discretionary grants to select airports.
• Emergency funds designated for fiscal years 2022 and 2026, allowing for flexible funding use across transportation programs until set expiration dates.
• Full federal funding for eligible projects from the Rural Transportation Accessibility Incentive Program and New Freedom programs, especially benefiting federally recognized Indian Tribes.

Public Housing Support

Key provisions are included to bolster public housing agencies and ensure continuous rental assistance, which includes:

• Establishment of appeal rights and defined funding allocations for public housing, emergency housing vouchers, and self-sufficiency programs.
• Reserves for operational, capital, and emergency needs within public housing, ensuring consistent support for residents.

Manufactured Housing Revitalization

The bill sets aside $10 million in grants aimed at revitalizing manufactured housing, with a particular focus on:

• Low-income communities and maintaining residents' property rights, especially for Indian Tribes and cooperatives.
• Infrastructure improvements and resilience to adverse conditions.

Housing Adjustments and Loan Amendments

Provisions are included to manage housing projects for individuals with disabilities, ensuring adjustments in housing units can occur without increasing overall budgets. This stipulates that:

• Units can be transferred if deemed obsolete or not economically viable, with tenant protections in place until new housing is ready.

Additionally, the bill amends the Housing and Community Development Act to:

• Facilitate loans for building, purchasing, refinancing, or rehabilitating homes for eligible Native Hawaiian families.
• Modify loan terms and rescind unused budget allocations from previous years.

Overall Goals

The overarching objective of the bill is to enhance the distribution and management of funds for transportation and housing efforts, focusing particularly on supporting underserved and disadvantaged communities across various programs and initiatives.

Relevant Companies

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