Revitalizing America’s Housing Act

Hozzl · 2024-11-04T13:50:12Z

Explore the details of House Bill 10009 Revitalizing America’s Housing 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.

11/4/2024, 1:50 PM

Summary of Bill HR 10009

Bill 118 hr 10009, also known as the Revitalizing America's Housing Act, aims to address the affordable housing crisis in the United States. The bill proposes several key measures to increase access to affordable housing for low and middle-income individuals and families.

One of the main provisions of the bill is the establishment of a new federal grant program to incentivize the development of affordable housing units. This program would provide funding to state and local governments, as well as non-profit organizations, to build new affordable housing units and rehabilitate existing ones. The goal is to increase the supply of affordable housing and reduce the number of individuals and families experiencing homelessness.

Additionally, the bill includes provisions to expand the Low-Income Housing Tax Credit program, which provides tax incentives to developers who build affordable housing units. By increasing the availability of these tax credits, the bill aims to encourage more developers to invest in affordable housing projects. The Revitalizing America's Housing Act also includes measures to address housing discrimination and segregation. The bill proposes funding for fair housing enforcement agencies to investigate and prosecute cases of housing discrimination. It also includes provisions to promote fair housing practices and increase access to housing for marginalized communities. Overall, the Revitalizing America's Housing Act seeks to address the affordable housing crisis in the United States by increasing access to affordable housing, expanding the availability of tax incentives for developers, and combating housing discrimination and segregation.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 10009

Bill HR 10009 is currently in the status of Bill Introduced since October 18, 2024. Bill HR 10009 was introduced during Congress 118 and was introduced to the House on October 18, 2024. Bill HR 10009's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Oversight and Accountability, Energy and Commerce, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of October 18, 2024