To increase the supply of affordable homes and expand housing options.

H.R. 9263 is legislation introduced in the House that would create the Housing Supply Fund inside the Community Development Financial Institutions Fund (CDFI Fund). The Secretary of the Treasury would use the fund to make competitive grants to community development financial institutions (CDFIs), certain nonprofit housing groups, and consortia of those groups (Sec. 2(b), Sec. 2(a)). The bill aims to expand affordable housing development, preservation, rehabilitation, financing, and purchase options for low-income renters and homeowners with incomes up to 120% of area median income (Sec. 2(b)). It also lets grant money support related economic development and community service facilities, and it requires geographic diversity in funding across urban, suburban, rural, Tribal, and territorial areas (Sec. 2(b), Sec. 2(e)(3)). This matters because it could affect where people can find affordable homes and how housing projects get financed in communities across the country.