Bill > HR7262

This bill, the American Housing and Economic Mobility Act of 2018, aims to make housing more affordable, reverse the legacy of housing discrimination and government negligence, and remove barriers that isolate communities. Key provisions include: 1) Establishing a grant program for local governments to reform zoning and land use restrictions to increase affordable housing supply. 2) Authorizing significant new funding for affordable housing programs like the Housing Trust Fund and Indian Housing Block Grant. 3) Creating a down payment assistance program for residents of formerly segregated areas and a formula grant program to help communities with high rates of underwater mortgages. 4) Expanding the Fair Housing Act to prohibit discrimination based on source of income, sexual orientation, and gender identity. 5) Requiring public housing agencies to analyze the locations of voucher holders and adopt policies to increase access to higher-opportunity neighborhoods. 6) Reforming the Community Reinvestment Act to strengthen requirements for banks to meet the credit needs of low- and moderate-income communities. 7) Adjusting the estate tax to increase rates on larger estates and limit the use of certain tax planning strategies.

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https://www.congress.gov/bill/115th-congress/house-bill/7262/all-info