Press Releases

Today, Congresswomen Brittany Pettersen (CO-07) and Yadira Caraveo MD (CO-08) introduced the Innovative Housing Solutions and Affordability Act. This legislation would establish a pilot grant program at the U.S. Housing and Urban Development (HUD) that is modeled on Colorado’s Innovative Housing Incentive Program, encouraging the development of more affordable housing units by providing states $75 million (FY 25 – FY 29) to fund the new pilot grant program. 

Currently, one of the major issues facing Coloradans is housing affordability. The State of Colorado has been a leader in encouraging the development of affordable housing units through cutting-edge technology and creative programs such as the Innovative Housing Incentive Program. The Innovative Housing Incentive Program has provided over $40 million in grants to develop and expand the manufacturing of innovative residential dwelling units, such as prefabricated, modular, panelized, and 3D-printed homes.

“As more people chose to call Colorado home, our community faces a severe shortage of housing supply, especially in rural areas,” said Pettersen. “The Innovative Housing Solutions and Affordability Act will address this crisis by investing in manufactured and other innovative types of housing to construct more homes faster and at lower costs. I'm grateful for the partnership of Congresswoman Caraveo in introducing this bill and will keep working to deliver more federal resources to ensure everyone in Colorado and across the country has access to an affordable place to live.”

“Housing affordability is one of the most urgent issues facing families in Colorado and across the country,” said Caraveo. “The Innovative Housing Solutions and Affordability Act takes an innovative approach to address the problem by supporting businesses that are rethinking how we build homes. By investing in prefabricated and other innovative housing solutions, we can reduce costs, speed up production, and ultimately make housing more affordable.”