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Collegiate Housing and Infrastructure Act of 2023
1/31/2024, 8:15 AM
Summary of Bill HR 2662
One key aspect of the bill is the establishment of a grant program that will provide financial assistance to colleges and universities for the construction, renovation, and maintenance of student housing. This program aims to ensure that students have access to safe, affordable, and comfortable living arrangements while pursuing their education.
Additionally, the bill includes provisions for improving infrastructure around college campuses, such as funding for transportation projects that will make it easier for students to travel to and from campus. This includes improvements to roads, sidewalks, bike lanes, and public transportation options. Overall, the Collegiate Housing and Infrastructure Act of 2023 seeks to address the pressing need for better housing and infrastructure for college students, with the goal of creating a more conducive and supportive environment for learning and academic success.
Congressional Summary of HR 2662
Collegiate Housing and Infrastructure Act of 2023
This bill allows tax-exempt charitable or educational organizations to make collegiate housing and infrastructure grants to certain tax-exempt social clubs (e.g., college fraternities and sororities) that apply such grants to their collegiate housing property.
A collegiate housing and infrastructure grant is a grant to provide, improve, operate, or maintain collegiate housing property that may involve more than incidental social, recreational, or private purposes. The grant must be for purposes that would be permissible for a dormitory or other residential facility of the college or university with which the collegiate housing property is associated. The grant may not be used to provide physical fitness facilities.
