summary
Introduced
01/07/2020
01/07/2020
In Committee
01/07/2020
01/07/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To provide assistance for the acquisition and preservation of manufactured housing communities, and for other purposes. This bill requires the Department of Housing and Urban Development to award grants to nonprofit organizations, public housing agencies, and other entities for the preservation of manufactured housing communities. Such funds may be used to (1) acquire and preserve manufactured housing communities; (2) make improvements to common areas and community property in such communities; and (3) demolish, remove, and replace dilapidated homes in such communities. A grantee that uses funds to acquire a manufactured housing community must agree to maintain the community for at least 20 years.
AI Summary
This bill, the Manufactured Housing Community Preservation Act of 2020, requires the Department of Housing and Urban Development (HUD) to establish a grant program to provide funds to eligible entities, such as nonprofit organizations and public housing agencies, for the acquisition and preservation of manufactured housing communities. The grants can be used to acquire and preserve these communities, make improvements to common areas and community property, and demolish, remove, and replace dilapidated homes. Grantees must agree to maintain the acquired communities for at least 20 years and limit annual rent increases to the Consumer Price Index for All Urban Consumers (CPI-U) plus 7 percent. The bill authorizes $100 million per year for fiscal years 2021 through 2025 for this grant program.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Referred to the House Committee on Financial Services. (on 01/07/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/5547/all-info |
| BillText | https://www.congress.gov/116/bills/hr5547/BILLS-116hr5547ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5547/BILLS-116hr5547ih.pdf.pdf |
Loading...