Housing and Economic Development Act

Senate Bill

S. 3962

119th Congress

Housing and Economic Development Act

In Committee

Introduced:Mar 2, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill aims to improve how two federal agencies work together: the Department of Housing and Urban Development (HUD) and the Economic Development Administration (EDA). The goal is to better coordinate their efforts when addressing housing and economic development issues in communities across the country.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Introduced3/2/2026

StatusRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

ChamberSenate

Data from Congress.gov

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Vote Prediction

Housing and Economic Development Act

This bill aims to improve how two federal agencies work together: the Department of Housing and Urban Development (HUD) and the Economic Development Administration (EDA). The goal is to better coordinate their efforts when addressing housing and economic devel

Community Breakdown

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This bill aims to improve how two federal agencies work together: the Department of Housing and Urban Development (HUD) and the Economic Development Administration (EDA). The goal is to better coordinate their efforts when addressing housing and economic development issues in communities across the country.

Bill Number: 3962
Introduced: 3/2/2026
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Housing and Economic Development Act
Bill Number: 3962
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced: 3/2/2026
Summary: This bill aims to improve how two federal agencies work together: the Department of Housing and Urban Development (HUD) and the Economic Development Administration (EDA). The goal is to better coordinate their efforts when addressing housing and economic development issues in communities across the

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to improve how two federal agencies work together: the Department of Housing and Urban Development (HUD) and the Economic Development Administration (EDA). The goal is to better coordinate their efforts when addressing housing and economic development issues in communities across the country.

Last updated: 3/4/2026

Key Points

Main provisions of the bill

The bill would establish better coordination between HUD, which handles housing programs, and the EDA, which focuses on economic development.
The legislation seeks to improve how these two agencies share information and collaborate on projects.
The bill may create formal processes or requirements for the agencies to work together on community development initiatives.
This coordination could help communities access both housing assistance and economic development resources more effectively.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect local governments, community development organizations, and federal agencies that work on housing and economic development projects. By improving coordination between HUD and EDA, communities may find it easier to access federal resources and align housing programs with economic growth initiatives. The changes could streamline the application process for grants and programs that involve both housing and economic development components.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3962, 119th Congress (2026). "Housing and Economic Development Act". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3962

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