GROW Affordable Housing Act

Bill: 118-hr-10249
Sponsor: full_name: Rep. Beatty, Joyce [D-OH-3]
Introduced: 2024-11-22
Policy area: Housing and Community Development
Latest action: action_date: 2024-11-22
text: Referred to the House Committee on Financial Services.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 10249 IN THE HOUSE OF REPRESENTATIVES November 22, 2024 Mrs. Beatty introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations.

1. Short titles This Act may be cited as the Generating Resources and Opportunities Within Affordable Housing Act or the GROW Affordable Housing Act . 2. Affordable housing allocations Section 1337(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4567(a) ) is amended by striking 4.2 basis points each place such term appears and inserting 10 basis points .