Preserving Homes and Communities Act of 2024

Hozzl · 2024-03-11T16:39:47Z

Explore the details of Senate Bill 3784 Preserving Homes and Communities Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/11/2024, 4:39 PM

Summary of Bill S 3784

Bill 118 s 3784, also known as the Preserving Homes and Communities Act of 2024, 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 and prevent the displacement of low-income individuals and families from their homes.

The bill includes several key provisions aimed at achieving this goal. One of the main provisions is the establishment of a national affordable housing trust fund, which would provide funding to states and local governments to develop and preserve affordable housing units. This fund would also support efforts to rehabilitate existing affordable housing units and prevent them from falling into disrepair.

Additionally, the bill includes measures to increase access to affordable housing for vulnerable populations, such as veterans, individuals with disabilities, and victims of domestic violence. It also includes provisions to address the issue of homelessness, including funding for emergency shelters and supportive services for individuals experiencing homelessness. Overall, the Preserving Homes and Communities Act of 2024 seeks to address the pressing issue of affordable housing and prevent the displacement of low-income individuals and families from their homes. It aims to provide funding and support for the development and preservation of affordable housing units, as well as increase access to housing for vulnerable populations.

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Current Status of Bill S 3784

Bill S 3784 is currently in the status of Bill Introduced since February 8, 2024. Bill S 3784 was introduced during Congress 118 and was introduced to the Senate on February 8, 2024. Bill S 3784's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 8, 2024

Bipartisan Support of Bill S 3784

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Policy Area and Potential Impact of Bill S 3784

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Alternate Title(s) of Bill S 3784

Preserving Homes and Communities Act of 2024Preserving Homes and Communities Act of 2024A bill to provide requirements for the bulk auction or group sale of certain non-performing loans, and for other purposes.A bill to provide requirements for the bulk auction or group sale of certain non-performing loans, and for other purposes.

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