summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
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).
AI Summary
This bill, the Project Rebuild Act of 2011, appropriates $15 billion to help eligible entities, including state and local governments, non-profits, and businesses, redevelop abandoned and foreclosed properties and stabilize neighborhoods. The funds can be used for various purposes such as creating financing for property acquisition and redevelopment, purchasing and rehabilitating properties, establishing land banks, demolishing blighted structures (excluding public housing), and redeveloping vacant properties. The bill mandates that each state receive at least $20 million in formula funds, which must be used for low and moderate-income individuals and families, and requires states and local governments to prioritize affordable rental housing development. Additionally, up to 10% of a grant can be used for job creation through property maintenance programs, and the bill includes "Buy American" provisions requiring the use of American-made iron, steel, and manufactured goods, as well as the Davis-Bacon Act requirement that laborers and mechanics on federally-assisted projects be paid prevailing local wages.
Committee Categories
Business and Industry
Sponsors (29)
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),
Last Action
Referred to the Subcommittee on Insurance, Housing and Community Opportunity. (on 01/12/2012)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/house-bill/3502/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112hr3502ih/pdf/BILLS-112hr3502ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr3502ih/pdf/BILLS-112hr3502ih.pdf.pdf |
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