Fair Distribution of Affordable Housing Funds Act of 2016

Bill: 114-hr-5835
Sponsor: full_name: Rep. Foster, Bill [D-IL-11]
Introduced: 2016-07-14
Policy area: Housing and Community Development
Subjects: Government trust funds

Housing and community development funding

Housing finance and home ownership

Housing supply and affordability

Low- and moderate-income housing
Latest action: action_date: 2016-07-14
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2016-07-14
action_desc: Introduced in House
text: <p><b>Fair Distribution of Affordable Housing Funds Act of 2016</b></p> <p>This bill amends the Housing and Community Development Act of 1992 to eliminate the minimum state allocation requirement with respect to amounts allocated by the Department of Housing and Urban Development to the Housing Trust Fund to be distributed to each state (including the District of Columbia) to provide affordable housing.</p> <BR>

tv_txt: I 114th CONGRESS 2d Session H. R. 5835 IN THE HOUSE OF REPRESENTATIVES July 14, 2016 Mr. Foster introduced the following bill; which was referred to the Committee on Financial Services A BILL To repeal the minimum State allocation requirement for the Housing Trust Fund established under section 1338 of the Housing and Community Development Act of 1992, and for other purposes.

1. Short title This Act may be cited as the The Fair Distribution of Affordable Housing Funds Act of 2016 . 2. Repeal of minimum State allocation requirement Section 1338(c)(4) of the Housing and Community Development Act of 1992 ( 42 U.S.C. 4568(c)(4) ) is amended by striking subparagraph (C).