This Act may be cited as the Housing Vouchers Fairness Act.

Section 8(o) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)U.S. Code — Title 42, Section 1437f(o)View official source on GovInfo) is amended by adding at the end the following: (23) Rental vouchers for high growth population areas (A) In general The Secretary shall, each year, using amounts appropriated pursuant to subparagraph (B), provide additional assistance in an equitable manner to each eligible public housing agency for tenant-based assistance, based on the population in the area served by the public housing agency, the extent to which existing voucher allocations of the eligible public housing agency do not meet its housing affordability needs, and historical shortfalls in providing assistance to such eligible public housing agency as a result of voucher formula allocations not keeping pace with population growth over the period identified in subparagraph (C)(ii). (B) Authorization of appropriations There are authorized to be appropriated to Secretary to carry out this paragraph $2,000,000,000 for fiscal year 2025, which shall be available for renewals in each fiscal year thereafter until expended. (C) Eligible public housing agency defined For the purposes of this paragraph, the term eligible public housing agency means a public housing agency that administers Federal housing assistance for an area that, as determined by the Secretary— (i) has a population of greater than 100,000; and (ii) is one of 25 areas in the United States that experienced the highest population growth between 2012 to 2022..