Bill > S2300

This bill, titled the "Restoring Communities Left Behind Act," would direct the Secretary of Housing and Urban Development (HUD) to establish a competitive grant program to help revitalize certain economically distressed localities. The bill defines eligible localities as areas that meet at least four criteria of economic distress, such as high vacancy rates, low homeownership, and racial disparities in homeownership. The grant funds can be used for a variety of neighborhood revitalization activities, including providing assistance to existing residents, purchasing non-performing mortgages, supporting the redevelopment of vacant properties, and establishing or operating land banks. The bill also authorizes additional funding for the Self-Help Homeownership Opportunity Program to further support homeownership opportunities.

Housing and Urban Affairs

https://www.congress.gov/bill/117th-congress/senate-bill/2300/all-info