Bill > HR3502

Introduced Session

Project Rebuild Act of 2011 - Appropriates funds for assistance to eligible entities including state and local governments, and qualified nonprofit organizations, businesses or eligible consortia for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild). Allows the use of funds to: (1) establish financing mechanisms for the purchase and redevelopment of abandoned and foreclosed-upon properties; (2) purchase and rehabilitate such properties; (3) establish and operate land banks for them; (4) demolish blighted structures (except public housing); and (5) redevelop abandoned, foreclosed, demolished, or vacant properties. Requires each state to receive at least $20 million of formula funds, all of which shall be used with respect to low and moderate-income individuals and families. Requires each state and local government grantee to establish procedures to create preferences for development of affordable rental housing. Allows a grantee to use up to 10% to create jobs by establishing and operating a program to maintain eligible neighborhood properties. Sets forth Buy American requirements. Requires all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects to be paid wages at the locally prevailing rates (Davis-Bacon Act).

Committee Categories

Gary Ackerman (D),  Robert Brady (D),  Michael Capuano (D),  Russ Carnahan (D),  André Carson (D),  David Cicilline (D),  Hansen Clarke (D),  Lacy Clay (D),  Emanuel Cleaver (D),  Steve Cohen (D),  John Conyers (D),  Keith Ellison (D),  Bob Filner (D),  Barney Frank (D),  Al Green (D),  Luis Gutiérrez (D),  Janice Hahn (D),  Sheila Jackson-Lee (D),  Marcy Kaptur (D),  Dale Kildee (D),  Brad Miller (D),  Eleanor Holmes Norton (D),  Ed Pastor (D),  Gary Peters (D),  Laura Richardson (D),  Cedric Richmond (D),  Bobby Rush (D),  Maxine Waters (D),  Melvin Watt (D), 

Referred to the Subcommittee on Insurance, Housing and Community Opportunity. (on 01/12/2012)

Official Document