Bill
Bill > HR4497
summary
Introduced
07/16/2021
07/16/2021
In Committee
11/01/2022
11/01/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To facilitate the development of affordable housing, and for other purposes.
AI Summary
This bill, the Housing is Infrastructure Act of 2021 and the National Investment Authority Act of 2021, proposes to facilitate the development of affordable housing and establish a National Investment Authority (NIA) to finance long-term national economic growth and development. The key provisions include:
- Authorizing $75 billion for the Public Housing Capital Fund, $45 billion for the Housing Trust Fund, $35 billion for the HOME Investment Partnerships program, and additional funding for various other affordable housing and community development programs. These funds would focus on increasing climate and disaster resilience, water/energy efficiency, and affordable housing in high-poverty areas.
- Establishing the NIA to design, finance, and implement a program of long-term, structurally and geographically balanced, environmentally sustainable, and socially equitable national economic growth, with goals such as eliminating poverty and increasing domestic manufacturing capacity.
- Authorizing the NIA to issue bonds, receive support from the Federal Reserve and Treasury, and establish regional offices and a National Infrastructure Bank to carry out its mission.
- Providing $10 billion for a first-generation downpayment assistance program to promote homeownership among low-income and first-time homebuyers.
- Enhancing fair housing enforcement and requiring compliance with fair housing laws for recipients of funds under the bill.
Committee Categories
Business and Industry, Justice
Sponsors (81)
Maxine Waters (D)*,
Alma Adams (D),
Pete Aguilar (D),
Jake Auchincloss (D),
Karen Bass (D),
Joyce Beatty (D),
Don Beyer (D),
Earl Blumenauer (D),
Lisa Blunt Rochester (D),
Suzanne Bonamici (D),
Jamaal Bowman (D),
Anthony Brown (D),
Cori Bush (D),
Tony Cárdenas (D),
Judy Chu (D),
David Cicilline (D),
Yvette Clarke (D),
Emanuel Cleaver (D),
Steve Cohen (D),
Jason Crow (D),
Danny Davis (D),
Madeleine Dean (D),
Mark DeSaulnier (D),
Michael Doyle (D),
Anna Eshoo (D),
Adriano Espaillat (D),
Dwight Evans (D),
Teresa Fernandez (D),
John Garamendi (D),
Sylvia Garcia (D),
Chuy García (D),
Vicente Gonzalez (D),
Al Green (D),
Raúl Grijalva (D),
Jahana Hayes (D),
Steven Horsford (D),
Sheila Jackson-Lee (D),
Mondaire Jones (D),
Kaiali'i Kahele (D),
Marcy Kaptur (D),
Ro Khanna (D),
Brenda Lawrence (D),
Al Lawson (D),
Barbara Lee (D),
Ted Lieu (D),
Alan Lowenthal (D),
Carolyn Maloney (D),
Jim McGovern (D),
Gregory Meeks (D),
Grace Meng (D),
Gwen Moore (D),
Jerry Nadler (D),
Grace Napolitano (D),
Joe Neguse (D),
Marie Newman (D),
Eleanor Holmes Norton (D),
Alexandria Ocasio-Cortez (D),
Ilhan Omar (D),
Donald Payne (D),
Ed Perlmutter (D),
Mark Pocan (D),
Ayanna Pressley (D),
Deborah Ross (D),
Bobby Rush (D),
Tim Ryan (D),
Michael San Nicolas (D),
Linda Sánchez (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
Adam Schiff (D),
Albio Sires (D),
Adam Smith (D),
Darren Soto (D),
Marilyn Strickland (D),
Tom Suozzi (D),
Dina Titus (D),
Rashida Tlaib (D),
Ritchie Torres (D),
Nydia Velázquez (D),
Bonnie Watson Coleman (D),
Nikema Williams (D),
Last Action
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. (on 11/01/2022)
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/117th-congress/house-bill/4497/all-info |
| BillText | https://www.congress.gov/117/bills/hr4497/BILLS-117hr4497ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr4497/BILLS-117hr4497ih.pdf.pdf |
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