SUPER Demonstration Act

Not later than 1 year after the date of the enactment of this section, the Secretary of Housing and Urban Development shall establish a demonstration program to award not more than 10 grants on a competitive basis to eligible entities to develop affordable housing in areas with a significant expansion of the workforce.

To be eligible for a grant under this section, an entity shall—

(1) be—

(A) a unit of local government; or

(B) a public housing agency; and

(2) demonstrate a significant need for more affordable housing due to an expansion of the workforce from Federal investments through the—

(A) American Rescue Plan Act of 2021;

(B) Infrastructure Investment and Jobs Act; and

(C) Chips and Science Act.

To apply for a grant under this subsection, an eligible entity shall submit an application to the Secretary at such time and in such manner as the Secretary may reasonably require.

In an application for a grant under this subsection, an eligible entity that is a unit of local government shall include a plan for the implementation of zoning and regulatory reform to facilitate the development of affordable housing.

In an application for a grant under this subsection, an eligible entity that is a public housing agency shall include a plan for the provision of additional flexibilities for affordable housing construction and repair.

For eligible entities that are units of local government, the Secretary may only award grants under this subsection to such entities that remove or streamline local regulatory barriers to affordable housing construction, including through the modification of local—

(A) zoning laws;

(B) environmental impact reviews; and

(C) parking minimums.

For eligible entities that are public housing agencies, the Secretary may only award grants under this subsection to such entities that provide additional flexibilities for affordable housing construction, including through the repair and construction of affordable housing.

An eligible entity may use grant amounts awarded under this section to—

(1) convert vacant office space to residential housing;

(2) fund capital costs of the development, rehabilitation, and physical improvements of affordable housing through public-private partnerships;

(3) provide technical assistance to housing developers; and

(4) identify sites for rehabilitation or new construction in high-opportunity, mixed-income neighborhoods.

The Secretary shall provide technical assistance to eligible entities that are awarded a grant under this subsection with respect to using such grant amounts in conjunction with other Federally funded housing assistance programs.

The Secretary shall, not later than 1 year after the date of the enactment of this section and each year thereafter that the demonstration program is active, conduct a study to test the effectiveness of the demonstration program.

The study conducted pursuant to paragraph (1) shall include—

(A) an evaluation of the impact of the demonstration program on the timeline of approval, construction, and number of new affordable housing developments; and

(B) a comparison of communities that participated in the demonstration and communities that did not participate in the demonstration program based on such evaluation.

Not later than 30 days after the date of the enactment of this section, the Secretary of the Treasury shall identify $3,000,000,000 of unobligated covered funds which shall be transferred to the Secretary under paragraph (2).

Effective on the date that is 60 days after the date of the enactment of this section, $3,000,000,000 of the unobligated covered funds identified by the Secretary of the Treasury under paragraph (1) shall be transferred to and merged with other amounts made available to the Secretary to carry out this section.

Amounts transferred under paragraph (2) shall remain available until expended.

In this section:

The term affordable housing means housing that qualifies as affordable under section 215 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12745).

The term covered funds means amounts made available under—

(A) the Coronavirus Preparedness and Response Supplemental Appropriations Act;

(B) the Families First Coronavirus Response Act;

(C) the CARES Act;

(D) the Paycheck Protection Program and Health Care Enhancement Act;

(E) the Consolidated Appropriations Act of 2021; and

(F) the American Rescue Plan Act.

The term public housing agency has the meaning given the term in section 3 of the United States Housing Act of 1937 (42 U.S.C. 1437a).

The term Secretary means the Secretary of Housing and Urban Development.