Strengthening Housing Supply Act of 2024

Bill: 118-hr-6948
Sponsor: full_name: Rep. Waters, Maxine [D-CA-43]
Introduced: 2024-01-10
Policy area: Housing and Community Development
Latest action: action_date: 2024-01-10
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2024-01-10
action_desc: Introduced in House
text: <p><b>Strengthening Housing Supply Act of 2024</b></p> <p>This bill includes the construction of affordable housing as an allowable use of the Community Development Block Grant (federal assistance for states and local governments to support neighborhood revitalization, housing rehabilitation, and community economic development efforts).</p>

tv_txt: I 118th CONGRESS 2d Session H. R. 6948 IN THE HOUSE OF REPRESENTATIVES January 10, 2024 Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services A BILL To authorize affordable housing construction as an eligible activity under the Community Development Block Grant Program, and for other purposes.

1. Short title This Act may be cited as the Strengthening Housing Supply Act of 2024 . 2. Affordable housing construction as eligible activity under Community Development Block Grant Program (a) Eligible activity Subsection (a) of section 105 of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5305(a) ) is amended— (1) in paragraph (25)(D), by striking and at the end; (2) in paragraph (26), by striking the period at the end and inserting ; and ; and (3) by adding at the end the following new paragraph: (27) the new construction of affordable housing, within the meaning given such term under section 215 of the Cranston-Gonzalez National Affordable Housing Act ( 42 U.S.C. 12745 ). . (b) Low and moderate income requirement Paragraph (3) of section 105(c) of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5305(c)(3) ) is amended by striking or rehabilitation and inserting , rehabilitation, or new construction . (c) Applicability The amendments made by this section shall apply with respect only to amounts appropriated after the date of the enactment of this Act.