Bill > S3503

This bill aims to make housing more affordable, address the legacy of housing discrimination and government negligence, remove barriers that isolate communities, and reform the estate tax system. Key provisions include: - Establishing a grant program for local governments to reform land use restrictions and remove barriers to affordable housing development. - Significantly increasing funding for the Housing Trust Fund, Capital Magnet Fund, and Indian Housing Block Grant Program. - Creating a down payment assistance program for residents of formerly segregated communities. - Strengthening the Community Reinvestment Act to require banks to better meet the credit and financial needs of low- and moderate-income communities. - Expanding protections under the Fair Housing Act to prohibit discrimination based on sexual orientation, gender identity, marital status, and source of income. - Requiring regional planning by public housing agencies to increase access to higher-opportunity neighborhoods for voucher holders. - Increasing the top estate tax rates, reducing the basic exclusion amount, and subjecting billion-dollar estates to a 10% surtax.

Budget and Finance

https://www.congress.gov/bill/115th-congress/senate-bill/3503/all-info