This Act may be cited as the Unleashing Needed Local Options to Construct and Keep Housing Act or the UNLOCK Act.

Section 105(a) of the Housing and Community Development Act of 1974 (42 U.S.C. 5305(a)U.S. Code — Title 42, Section 5305(a)View official source on GovInfo) is amended— (1) in paragraph (25)(D), by striking and at the end; (2) in paragraph (26), by striking the period at the end and inserting; and; and (3) by inserting at the end the following: (27) in the case of any metropolitan city or urban county, State, unit of general local government, insular area, or tribal entity that receives amounts under section 106, for the construction of new residential housing for low- and moderate-income persons, with or without the assistance from a neighborhood-based nonprofit organization, or other private or public nonprofit organization..