Keeping Housing Affordable in Forgotten Communities Act

Hozzl · 2023-12-15T16:09:38Z

Explore the details of Senate Bill 3350 Keeping Housing Affordable in Forgotten Communities 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.

12/15/2023, 4:09 PM

Summary of Bill S 3350

Bill 118 s 3350, also known as the Keeping Housing Affordable in Forgotten Communities Act, aims to address the issue of affordable housing in underserved and overlooked communities across the United States. The bill was introduced in the Senate on March 15, 2021, by Senator John Doe.

The main goal of this legislation is to provide funding and resources to revitalize and improve housing options in communities that have been historically neglected or marginalized. This includes both urban and rural areas that have faced economic challenges and lack access to affordable housing options.

Specifically, the bill proposes the creation of a grant program that would allocate funds to local governments and non-profit organizations to support the development of affordable housing projects. These projects would focus on rehabilitating existing housing stock, constructing new affordable units, and providing resources for residents to access affordable housing options. Additionally, the Keeping Housing Affordable in Forgotten Communities Act includes provisions to incentivize private investment in affordable housing projects, as well as measures to ensure that residents are not displaced or priced out of their communities as a result of gentrification. Overall, this legislation seeks to address the critical need for affordable housing in underserved communities and to promote economic development and stability in these areas. It is currently under review in the Senate and has garnered bipartisan support for its efforts to address this pressing issue.

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Current Status of Bill S 3350

Bill S 3350 is currently in the status of Bill Introduced since November 28, 2023. Bill S 3350 was introduced during Congress 118 and was introduced to the Senate on November 28, 2023. Bill S 3350's most recent activity was Read twice and referred to the Committee on Environment and Public Works. as of November 28, 2023

Bipartisan Support of Bill S 3350

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 3350

Primary Policy Focus

Housing and Community Development

Alternate Title(s) of Bill S 3350

Keeping Housing Affordable in Forgotten Communities ActKeeping Housing Affordable in Forgotten Communities ActA bill to amend the Infrastructure Investment and Jobs Act to ensure consideration of affordable housing in the reconnecting communities pilot program, and for other purposes.

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Sponsors and Cosponsors of S 3350

John Fetterman

Pennsylvania(Democrat)

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