Bill Text

WASHINGTON, DC – This week, Congresswoman Ayanna Pressley (MA-07), Member of the Subcommittee on Housing and Insurance of the House Financial Services Committee, and Representative Emanuel Cleaver (MO-05), Ranking Member of the Financial Services Subcommittee on Housing and Insurance, along with Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Senator Raphael Warnock (D-GA), introduced the Innovation Fund Act to establish a program to reward communities that are taking innovative steps to increase housing supply.

The bill creates a competitive pot of highly flexible funding for communities that are building more housing, which can be used to improve community infrastructure, build housing, and supplement water and sewer grants. The bill is included in the landmark bipartisan ROAD to Housing Act.

“As the daughter of a tenants’ rights organizer, I learned firsthand how essential it is that all people have a safe and healthy place to call home,” said Rep. Ayanna Pressley. “Our bill rewards innovative approaches that improve  housing supply, leading to increased housing  affordability and quality. I’m proud to partner with Senators Warren and Warnock and Congressman Cleaver to invest in safe and stable housing for all.”

The Innovation Fund Act:

• Will award competitive grants to cities, counties, other units of local government or Indian tribes that have demonstrated an objective improvement in housing supply.
• Requires applicants to describe how they are currently facilitating the expansion of their housing supply.
• Will prioritize eligible entities that demonstrate the use of innovative policies, interventions, or programs to increase housing supply.
• Allows eligible entities to use the funds to carry out CDBG eligible activities, as matching funds for water and sewer grants, and for initiatives that facilitate the expansion of the supply of attainable housing and supplement initiatives the eligible entity has carried out.

Bill text is available here.

As a Member of the Subcommittee on Housing and Insurance of the House Financial Services Committee (FSC), Rep. Pressley has consistently advocated for policies that affirm housing as a human right and center the dignity and humanity of all people.

• In May 2025, Rep, Pressley, along with Representatives Delia C. Ramirez (IL-03), Rashida Tlaib (MI-12), Jimmy Gomez (CA-34), and Greg Casar (TX-35), reintroduced the Tenants’ Right to Organize Act, legislation to protect the power of tenants, including those with federal vouchers, to organize.
• In June 2024, Rep. Pressley, along with Representatives Maxine Waters (CA-43) and Rashida Tlaib (MI-12), re-introduced the Tenant Empowerment Act, bold legislation to strengthen HUD tenant protections and provide renters with the tools necessary to improve the quality of their homes.
• In March 2024, Rep. Pressley, along with Mayor Wu, visited Roxbury to celebrate the $1,000,000 in federal funding she secured to provide emergency childcare support for families experiencing homelessness in the City of Boston.
• In March 2024, Rep. Pressley, along with Senators Warren and Markey, applauded the final passage of $850,000 in federal community project funding for The Pryde, an affordable housing development for LGBTQ+ seniors in Hyde Park.
• In March 2024, Rep. Pressley urged Federal Reserve Chairman Jerome Powell to cut interest rates to boost home affordability and construction of affordable housing.
• In January 2024, Rep. Pressley, during a House Financial Services Committee Hearing, highlighted the growing housing crisis and how appraisal bias and discriminatory tenant screening practices exacerbate the racial wealth and homeownership gaps, especially for Black communities.
• In January 2024, Rep. Pressley celebrated the $2.4 million in federal funding she secured to support the community-led transformation of the Clarendon Hill housing community, an ethnically, linguistically and economically diverse neighborhood in Somerville.
• In December 2023, Rep. Pressley requested the Centers for Medicare and Medicaid Services (CMS) to provide data on housing needs for Medicaid beneficiaries and feedback on challenges the agency is having in covering housing support for people requiring home and community-based services (HCBS).
• In July 2023, Rep. Pressley, along with Chairwoman Rosa DeLauro (CT-03) and Congresswoman Cori Bush (MO-01), reintroduced the Housing Emergencies Lifeline Program (HELP) Act, critical legislation to provide much-needed assistance to those facing eviction amid the ongoing COVID-19 pandemic. 
• In September 2021, Rep. Pressley joined Rep. Bush and Senator Elizabeth Warren (D-MA) in introducing the Keeping Renters Safe Act of 2021 to enact an urgently needed nationwide eviction moratorium. 
• On July 2021, ahead of the expiration of the previous CDC eviction moratorium, Reps. Pressley, Bush, Gomez and their progressive colleagues sent a letter renewing their calls for President Biden and CDC Director Rochelle Walensky to extend the federal eviction moratorium and prevent the historic and deadly wave of evictions that would occur if the government failed to do so. 
• On July 30, 2021, Rep. Pressley joined House Financial Services Committee Chairwoman Maxine Waters (D-CA) in introducing the Protecting Renters from Evictions Act of 2021, legislation to extend the eviction moratorium through the end of the year. 
• In June 2021, Rep. Pressley, along with Reps. Gomez and Bush, led over 40 of their colleagues on a letter urging President Biden and CDC Director Walensky to extend and strengthen the moratorium for the duration of the public health crisis. 
• In June 2021, Congresswoman Pressley, along with Rep. Ilhan Omar (D-MN), re-introduced the Rent and Mortgage Cancellation Act, a bill to institute a nationwide cancellation of rents and home mortgage payments through the duration of the coronavirus pandemic.
• On May 18, 2021, Reps. Bush and Pressley sent a letter to the Director of the Centers for Disease Control and Prevention (CDC), calling on the CDC to strengthen and extend the federal moratorium on evictions, ensuring families can remain safely in their homes for the duration of the COVID-19 global health emergency.
• On July 28, 2020, Rep. Pressley, Rep. DeLauro and Sen. Harris introduced the Housing Emergencies Lifeline Program (HELP) Act to provide much-needed, layered assistance to those facing eviction amid the COVID-19 pandemic.
• On July 24, 2020, in a Financial Services Committee hearing, Rep. Pressley discussed the unprecedented financial cliff facing millions of renters and homeowners, the economic consequences of millions losing their homes, including the ability to return to work, and why funding for legal representation is so critical.
• On May 11, 2020, Reps. Tlaib, and Joe Neguse (D-CO) urge House and Senate leadership to include $11.5 billion in funding for Emergency Solutions Grants (ESG) in the next relief package to aid the nation’s homeless population who are experiencing heightened vulnerability during the COVID-19 pandemic.
• On April 10, 2020, Rep. Pressley urged Congressional leadership to prioritize recurring monthly cash payments to those most at-risk during the COVID-19 crisis. This funding would allow people to cover all their bills, including rent.
• On April 17, 2020, Reps. Pressley, Ilhan Omar (D-MN) and colleagues introduce the Rent and Mortgage Cancellation Act, a bill to institute a nationwide cancellation of rents and home mortgage payments through the duration of the coronavirus pandemic.

• On March 23, 2020, Reps. Pressley and Rashida Tlaib (D-MI) introduced the Public Health Emergency Shelter Act of 2020, legislation to provide critical funding to states and local governments responding to the needs of families and individuals experiencing homelessness during the COVID-19 crisis. This legislation was included and passed through the HEROES Act and H.R. 7301, the Emergency Housing Protections and Relief Act of 2020.
• On March 19, 2020, Rep. Pressley, along with progressive lawmakers and organizations, introduced the Housing is a Human Right Act to authorize more than $200 billion in federal spending over 10 years for crucial housing infrastructure and reduce homelessness.
• On March 18, 2020, Reps. Pressley, Katie Porter (D-CA) and Sens. Elizabeth Warren (D-MA), Bernie Sanders (I-VT) and Jeff Merkley (D-OR) wrote to HUD calling for a moratorium on evicting renters during the coronavirus pandemic.
• In July 2019, Rep. Pressley announced legislation that would prohibit the use of biometric recognition technology in most public and assisted housing units funded by the Department of Housing and Urban Development (HUD), protecting tenants from biased surveillance technology. 
• In November 2019, Rep. Pressley and Rep. Tlaib wrote to HUD blasting the agency for ignoring low-income tenants seeking to save their homes.

###