ROAD to Housing Act

11/4/2024, 1:51 PM
Referred to the House Committee on Financial Services.
The Bill 118 hr 9990, also known as the ROAD to Housing Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address the issue of affordable housing in the United States by providing funding and resources to support the development of affordable housing units.

One of the key provisions of the ROAD to Housing Act is the establishment of a new grant program that would provide funding to states and local governments to support the construction of affordable housing units. This program would prioritize projects that serve low-income individuals and families, as well as those that are located in areas with high housing costs.

Additionally, the bill includes provisions to streamline the process for developers to access funding for affordable housing projects, as well as measures to incentivize the construction of affordable housing units through tax credits and other financial incentives. Overall, the ROAD to Housing Act aims to increase the availability of affordable housing in the United States and help address the growing housing crisis facing many communities. Supporters of the bill argue that it is a necessary step to ensure that all Americans have access to safe and affordable housing, while critics may raise concerns about the cost and effectiveness of the proposed measures.
Congress
118

Number
HR - 9990

Introduced on
2024-10-15

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

10/15/2024

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the House Committee on Financial Services.
The Bill 118 hr 9990, also known as the ROAD to Housing Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address the issue of affordable housing in the United States by providing funding and resources to support the development of affordable housing units.

One of the key provisions of the ROAD to Housing Act is the establishment of a new grant program that would provide funding to states and local governments to support the construction of affordable housing units. This program would prioritize projects that serve low-income individuals and families, as well as those that are located in areas with high housing costs.

Additionally, the bill includes provisions to streamline the process for developers to access funding for affordable housing projects, as well as measures to incentivize the construction of affordable housing units through tax credits and other financial incentives. Overall, the ROAD to Housing Act aims to increase the availability of affordable housing in the United States and help address the growing housing crisis facing many communities. Supporters of the bill argue that it is a necessary step to ensure that all Americans have access to safe and affordable housing, while critics may raise concerns about the cost and effectiveness of the proposed measures.
Alternative Names
Official Title as IntroducedTo increase access to affordable housing, reduce regulatory barriers, increase oversight, and assist the most vulnerable.

Comments

APPROVED
FW
Flora Walsh
@lauders_jujube_long_pepper57048
OMG this bill is so bad, it's gonna mess everything up for me and my fam. I can't believe they're really gonna do this, it's gonna be a disaster. I can't even deal with it right now, it's just too much.

APPROVED
LY
Lilian Yates
@sage_mahlab_lauders05306
I don't think this bill will help me find affordable housing. What do you think?

APPROVED
AC
Aliza Cameron
@corn_salad_glenlivet_hogshead00830
Y'all seen this new housing bill? How's it gonna help us regular folks out? #confused

Recent Activity

Latest Action10/15/2024
Referred to the House Committee on Financial Services.