Bill > HR10009

This bill, the Revitalizing America's Housing Act, aims to improve the safety, affordability, and access to housing in the United States. Key provisions of the bill include: - Requiring the Department of Housing and Urban Development (HUD) to identify regulatory barriers to affordable housing in its annual report and discuss how to reduce or remove such barriers. - Modifying the Opportunity Zones program by disqualifying certain high-income census tracts and allowing states to nominate replacement zones. - Expanding and strengthening the Low-Income Housing Tax Credit program, including increasing state allocations, making reforms to tenant eligibility rules, and increasing credit for projects serving extremely low-income households. - Creating a new Neighborhood Homes Credit to support private investment in building and rehabilitating owner-occupied homes in distressed communities. - Improving access to housing for veterans by excluding service-connected disability compensation from income calculations. - Establishing a State and Community Dynamism Fund to support investment in underserved businesses and communities. - Requiring annual testimony and oversight from housing regulators and government mortgage program administrators. - Authorizing and reforming the Moving to Work program to promote economic independence, flexibility, and housing choice. - Requiring prepurchase and foreclosure mitigation counseling for certain mortgage loans. Overall, the bill aims to address barriers to affordable housing, expand housing options, and improve the oversight and transparency of housing programs.

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https://www.congress.gov/bill/118th-congress/house-bill/10009/all-info