Bill > HR9245

This bill, the American Housing and Economic Mobility Act of 2024, proposes several measures to make housing more affordable and reverse the legacy of housing discrimination and government negligence. Key provisions include: - Establishing a grant program to help local governments reform land use restrictions and remove barriers to building affordable housing. - Increasing funding for the Housing Trust Fund, Capital Magnet Fund, Public Housing Capital Fund, and other programs to invest in affordable housing infrastructure. - Creating a down payment assistance program for first-time and first-generation homebuyers with low and moderate incomes. - Strengthening the Community Reinvestment Act to improve oversight of banks' lending and investment in underserved communities. - Expanding fair housing protections and rights. - Improving outcomes in housing assistance programs like Section 8 vouchers. - Reforming the estate tax, including increasing rates, reducing the basic exclusion amount, and adding a surtax on billion-dollar estates. - Doubling the accessibility requirements for housing constructed, altered, or assisted under the Act.