Repeal the Faircloth Amendment Act of 2021 This bill repeals the limitation on the construction of new public housing units, commonly known as the Faircloth limit or the Faircloth amendment. Under current law, a public housing agency (PHA) is generally prohibited from using Department of Housing and Urban Development capital or operating funds to construct public housing units if doing so would result in a net increase to the number of public housing units owned, assisted, or operated by the PHA.