Keep Your Home and Prevent Homelessness Act of 2021

Bill: 117-hr-2292
Sponsor: full_name: Rep. Torres, Norma J. [D-CA-35]
Introduced: 2021-03-29
Policy area: Housing and Community Development
Subjects: Government trust funds

Homelessness and emergency shelter

Housing and community development funding

Housing finance and home ownership

Housing supply and affordability

Low- and moderate-income housing

State and local finance
Latest action: action_date: 2021-03-29
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2021-03-29
action_desc: Introduced in House
text: <p><b>Keep Your Home and Prevent Homelessness Act of 2021</b></p> <p>This bill allows the Department of the Treasury to transfer Troubled Asset Relief Program funds to the Department of Housing and Urban Development's Housing Trust Fund. This fund provides grants to states to (1) increase and preserve the supply of rental housing for extremely low-income and very low-income families, including homeless families; and (2) increase homeownership for extremely low-income and very low-income families.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 2292 IN THE HOUSE OF REPRESENTATIVES March 29, 2021 Mrs. Torres of California (for herself, Mr. Takano , Mrs. Hayes , Mrs. Napolitano , Mr. Vela , Ms. Norton , Mr. Hastings , Ms. Lee of California , Mrs. Watson Coleman , Mr. Cohen , Ms. McCollum , Mr. García of Illinois , Mrs. Beatty , Ms. Wilson of Florida , Ms. Titus , and Mr. Levin of California ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Emergency Economic Stabilization Act of 2008 to authorize use of amounts under the Troubled Assets Relief Program to be used for assistance under the Housing Trust Fund, and for other purposes.

1. Short title This Act may be cited as the Keep Your Home and Prevent Homelessness Act of 2021 . 2. Use of TARP amounts (a) In General The Emergency Economic Stabilization Act of 2008 is amended by inserting after section 110 ( 12 U.S.C. 5220 ) the following new section: 110A. Other assistance Notwithstanding section 115(a), section 120, or any other provision of law, the Secretary may transfer any amounts made available under this title that are not otherwise obligated to the Secretary of Housing and Urban Development for deposit in and use only to provide assistance under the Housing Trust Fund under section 1338 of the Housing and Community Development Act of 1992 ( 12 U.S.C. 4568 ). . (b) Clerical amendment The table of contents in section 1(b) of the Emergency Economic Stabilization Act of 2008 ( 12 U.S.C. 5201 note) is amended by inserting after the item relating to section 110 the following new item: 110A. Other assistance. .