summary
Introduced
06/29/2020
06/29/2020
In Committee
06/29/2020
06/29/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to provide funding for the Neighborhood Reinvestment Corporation Act, and for other purposes. This bill authorizes additional housing counseling services, provided through the Neighborhood Reinvestment Corporation, with priority for funding given to counseling organizations that target and provide their services to low-income and minority homeowners, renters, individuals experiencing homelessness, and individuals at risk of homelessness.
AI Summary
This bill authorizes $700 million in additional funding for the Neighborhood Reinvestment Corporation Act to provide housing counseling services. The funding is prioritized for organizations that target counseling services to minority and low-income homeowners, renters, individuals experiencing homelessness, and those at risk of homelessness. The funding can be used for public education, direct services like foreclosure mitigation and financial capability counseling, equipment and technology upgrades, training for housing counselors, and administration of the program. The funds must be disbursed quickly through grants to approved housing counseling intermediaries, State housing finance agencies, and NeighborWorks organizations, with a limitation of no more than 15% going to NeighborWorks organizations.
Committee Categories
Housing and Urban Affairs
Sponsors (28)
Bob Menendez (D)*,
Tammy Baldwin (D),
Richard Blumenthal (D),
Cory Booker (D),
Sherrod Brown (D),
Ben Cardin (D),
Chris Coons (D),
Catherine Cortez Masto (D),
Dick Durbin (D),
Dianne Feinstein (D),
Kamala Harris (D),
Mazie Hirono (D),
Doug Jones (D),
Tim Kaine (D),
Amy Klobuchar (D),
Ed Markey (D),
Patty Murray (D),
Jack Reed (D),
Jacky Rosen (D),
Bernie Sanders (I),
Brian Schatz (D),
Kyrsten Sinema (I),
Tina Smith (D),
Jon Tester (D),
Chris Van Hollen (D),
Mark Warner (D),
Elizabeth Warren (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 06/29/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/4098/all-info |
| BillText | https://www.congress.gov/116/bills/s4098/BILLS-116s4098is.pdf |
| Bill | https://www.congress.gov/116/bills/s4098/BILLS-116s4098is.pdf.pdf |
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