Bill > HR4985

This bill establishes a comprehensive Community Parks Revitalization Act with two main titles focusing on parks and recreation infrastructure development. Title I creates a grant program administered by the Secretary of Housing and Urban Development (HUD) to help local governments improve parks and recreational areas. The program offers three types of grants: rehabilitation and construction grants, innovation and recreation program grants, and recovery action program grants. These grants aim to address multiple community needs, including improving public health, supporting economic development, enhancing urban areas, providing recreational opportunities for veterans and at-risk youth, and promoting environmental sustainability. Eligible local governments in metropolitan statistical areas can apply for grants to rebuild or develop parks, create innovative recreation programs, and develop long-term park system recovery plans. The bill requires local governments to provide matching funds and demonstrate commitment to maintaining and improving park systems. Title II establishes a loan and loan guarantee program to help finance parks and recreation infrastructure projects, allowing various entities to secure federal financial assistance for projects like park development, trail construction, and transportation infrastructure. The program is designed to attract private investment, support innovative public-private partnerships, and provide flexible financing options for recreation-related projects. The bill authorizes $50 million annually from 2026 to 2030 to fund these initiatives and requires regular reporting to Congress on the program's performance and impact.

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https://www.congress.gov/bill/119th-congress/house-bill/4985/all-info