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US S1674

US S1674
Affordable Housing Production Act


summary

Introduced
05/18/2021
In Committee
05/18/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

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 activities under the Housing Trust Fund, and for other purposes.

AI Summary

This bill aims to amend the Emergency Economic Stabilization Act of 2008 to authorize the use of funds from the Troubled Assets Relief Program (TARP) for activities under the Housing Trust Fund. Specifically, it would allow the Secretary to use any TARP funds that are not otherwise obligated to provide assistance through the Housing Trust Fund, which was established to increase and preserve the supply of affordable housing. This bill seeks to direct TARP funds towards supporting affordable housing production and preservation efforts.

Committee Categories

Housing and Urban Affairs

Sponsors (5)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 05/18/2021)

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