Housing PLUS Act of 2023

1/12/2024, 8:15 AM

Summary of Bill HR 3405

The Housing PLUS Act of 2023, also known as Bill 118 hr 3405, is a piece of legislation introduced in the US Congress aimed at addressing the affordable housing crisis in the country. The bill proposes a comprehensive approach to increasing access to affordable housing for low and middle-income individuals and families.

One of the key provisions of the Housing PLUS Act is the establishment of a new federal grant program that would provide funding to states and local governments to develop and implement affordable housing initiatives. These initiatives could include the construction of new affordable housing units, the rehabilitation of existing housing stock, and the implementation of programs to help low-income individuals and families afford housing.

Additionally, the bill includes provisions to incentivize the development of affordable housing by offering tax credits to developers who build affordable housing units. It also seeks to streamline the process for obtaining federal housing assistance and increase funding for rental assistance programs. Overall, the Housing PLUS Act of 2023 aims to address the growing affordable housing crisis in the United States by providing funding and incentives to increase the availability of affordable housing for low and middle-income individuals and families.

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Current Status of Bill HR 3405

Bill HR 3405 is currently in the status of Bill Introduced since May 17, 2023. Bill HR 3405 was introduced during Congress 118 and was introduced to the House on May 17, 2023.  Bill HR 3405's most recent activity was Referred to the House Committee on Financial Services. as of May 17, 2023

Bipartisan Support of Bill HR 3405

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
56
Democrat Cosponsors
0
Republican Cosponsors
56
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3405

Primary Policy Focus

Housing and Community Development

Alternate Title(s) of Bill HR 3405

Housing PLUS Act of 2023Housing PLUS Act of 2023Housing Promotes Livelihood and Ultimate Success Act of 2023To allow amounts made available for the Continuum of Care program of the Secretary of Housing and Urban Development.
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Sponsors and Cosponsors of HR 3405

R
Andy Barr
Kentucky(Republican)
R
Roger Williams
Texas(Republican)
R
Randy K. Weber, Sr.
Texas(Republican)
R
Ann Wagner
Missouri(Republican)
R
Robert J. Wittman
Virginia(Republican)
R
Beth Van Duyne
Texas(Republican)

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