Bill > HR8297

This bill, titled the Project Turnkey Act, aims to establish a "Project Turnkey Program" within the HOME Investment Partnerships Act. The program would provide funding to eligible entities, such as state, local, and territorial governments, public housing agencies, and nonprofit organizations, to acquire, develop, and operate non-congregate shelter units or affordable rental housing. This includes the rehabilitation, retrofitting, and conversion of vacant properties, including hotels and motels, for the purpose of providing affordable housing or shelter. The bill specifies that the funds can be used for rental assistance, supportive services, and the repair and expansion of existing shelters. The bill also authorizes $1 billion in annual funding for the program, which would remain available until 2034.