ROAD to Housing Act

Hozzl · 2024-11-04T13:51:29Z

Explore the details of House Bill 9990 ROAD to Housing Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

11/4/2024, 1:51 PM

Summary of Bill HR 9990

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.

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Current Status of Bill HR 9990

Bill HR 9990 is currently in the status of Bill Introduced since October 15, 2024. Bill HR 9990 was introduced during Congress 118 and was introduced to the House on October 15, 2024. Bill HR 9990's most recent activity was Referred to the House Committee on Financial Services. as of October 15, 2024

Bipartisan Support of Bill HR 9990

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Policy Area and Potential Impact of Bill HR 9990

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Alternate Title(s) of Bill HR 9990

ROAD to Housing ActROAD to Housing ActRenewing Opportunity in the American Dream to Housing ActTo increase access to affordable housing, reduce regulatory barriers, increase oversight, and assist the most vulnerable.

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