The Housing Building Occupancy Opportunities for Millions Act, or the Housing BOOM Act, seeks to address the nation's housing challenges by significantly increasing the housing supply, combating homelessness, providing robust tenant support, and ensuring fair housing practices. It proposes substantial federal investments and establishes new programs alongside increasing funding for existing critical housing initiatives. A recurring theme across many construction and rehabilitation projects funded by this bill is the inclusion of prevailing wage and apprenticeship requirements . To boost housing supply, the bill establishes a Middle-Income Housing Construction Loan Fund , authorizing $10 million annually for low-interest loans to non-profits and public housing agencies for rental housing targeting households earning 60-120% of the area median income. It also creates a Workforce Housing Block Grant Program , allocating $5 billion annually to States for similar housing development, prioritizing high-cost areas and locations near essential services. Additionally, a Housing Accelerator Program is established with $1 billion annually to provide gap financing for affordable housing projects that are shovel-ready and meet specific affordability criteria. The legislation significantly increases funding for several existing federal housing programs, including the Community Development Block Grant (CDBG) Program with $4.2 billion annually and the HOME Investments Partnership Program with $1.5 billion annually, plus an additional $500 million for childcare facilities. It also authorizes $1 billion annually for disaster recovery and climate resiliency grants, and boosts funding for USDA rural development housing, Indian housing block grants, and supportive housing for the elderly, persons with disabilities, and those with AIDS. New grant programs are introduced to facilitate the conversion of existing structures, such as hotels, motels, and vacant properties, into emergency shelters and housing for homeless individuals, and to transform State and local government buildings into affordable housing units. To combat homelessness, the bill authorizes increased funding for homelessness assistance and supportive services, and establishes a SAMHSA Center for Unhoused Individuals with dedicated grant funding for behavioral health services. For tenant support, it aims to increase the number of tenant-based rental assistance vouchers by 1,000,000 over ten years. The bill also creates an Office of Eviction Prevention within HUD to coordinate strategies, provide grants, and offer technical assistance to prevent evictions and protect at-risk tenants. Finally, the bill addresses fair housing by establishing the United States Interagency Council on Housing Affordability and Preservation . This Council will coordinate federal efforts, develop a national strategic plan, and provide technical assistance to State and local entities to preserve and expand affordable housing. Furthermore, it mandates that HUD develop a comprehensive Language Access Plan to improve access to federal housing programs and resources for individuals with limited English proficiency.