PRICE Act

# PRICE Act Summary The PRICE Act (S 943) is a bill currently being reviewed in the Senate that focuses on addressing housing affordability and expanding the housing supply. The bill targets low- and moderate-income households struggling to find affordable places to live. It would provide funding and support for various housing solutions, including cooperative housing (where residents collectively own buildings), condominiums, residential rehabilitation projects, and home repair programs. The bill would affect housing developers, community organizations, local governments, and low- to moderate-income families seeking affordable housing options.

Key provisions appear to include funding mechanisms for housing development and repair, support for regional and metropolitan planning efforts to increase housing availability, and initiatives to help existing homeowners maintain their properties through rehabilitation and repair assistance. **Current Status:** The bill is currently in committee, meaning it's still in the early stages of the legislative process and has not yet been voted on by the full Senate. The sponsor is Senator Catherine Cortez Masto (D-NV).