Innovation Fund Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3067 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3067 To establish a grant program to increase the local housing supply, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES October 28, 2025 Ms. Warren (for herself and Mr. Warnock) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To establish a grant program to increase the local housing supply, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Innovation Fund Act''. SEC. 2. INNOVATION FUND. (a) Definitions.--In this section: (1) Attainable housing.--The term ``attainable housing'' means housing that-- (A) serves-- (i) a majority of households with income not greater than 80 percent of area median income; and (ii) households with income not greater than 100 pe…