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118-hr-9662Committee
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Homes Act of 2024

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Summary

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The Homes Act of 2024 establishes an independent Housing Development Authority within HUD to acquire, rehabilitate, and maintain distressed real estate properties as permanently affordable social housing. The Authority would develop housing owned and controlled by public entities or nonprofits, shielded from market speculation, with rents affordable to low- and moderate-income families. The bill includes provisions for community control, tenant protections, climate resilience, labor standards, and repeals the Faircloth Amendment, which currently limits public housing development.

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Bill details

Congress
118
Bill type
hr
Introduced
September 18, 2024
Sponsor
Not yet available
Last action
September 18, 2024— Referred to the House Committee on Financial Services.

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