Affordable Housing Production Act

Senate Bill 1674 - Affordable Housing Production Act: Overview, Status, and Impact

Hozzl · 2023-01-11T13:50:11Z

Explore the details of Senate Bill 1674 Affordable Housing Production Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Housing and Community Development. Stay informed on legislative developments.

1/11/2023, 1:50 PM

Congressional Summary of S 1674

Affordable Housing Production Act

This bill allows the Department of the Treasury to transfer Troubled Asset Relief Program funds to the Department of Housing and Urban Development's Housing Trust Fund. This fund provides grants to states to (1) increase and preserve the supply of rental housing for extremely low-income and very low-income families, including homeless families; and (2) increase homeownership for extremely low-income and very low-income families.

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Current Status of Bill S 1674

Bill S 1674 is currently in the status of Bill Introduced since May 18, 2021. Bill S 1674 was introduced during Congress 117 and was introduced to the Senate on May 18, 2021. Bill S 1674's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 18, 2021

Bipartisan Support of Bill S 1674

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1674

Primary Policy Focus

Housing and Community Development

Potential Impact Areas

- Government trust funds

- Homelessness and emergency shelter

- Housing and community development funding

- Housing finance and home ownership

- Housing supply and affordability

- Low- and moderate-income housing

- State and local finance

Alternate Title(s) of Bill S 1674

Affordable Housing Production Act

A bill to amend the Emergency Economic Stabilization Act of 2008 to authorize use of amounts under the Troubled Assets Relief Program to be used for activities under the Housing Trust Fund, and for other purposes.

Affordable Housing Production Act