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Proposal:Affordable Housing Production Act

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.
Geographic Scope
National

Description

Affordable Housing Production Act

This bill allows the Department of the Treasury to transfer Troubled Asset Relief Program funds to the Department of Housing and Urban Development's Housing Trust Fund. This fund provides grants to states to (1) increase and preserve the supply of rental housing for extremely low-income and very low-income families, including homeless families; and (2) increase homeownership for extremely low-income and very low-income families.

Bill Title

Affordable Housing Production Act

Linked Goals

Steps

  • 2021-05-18: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2021-05-18: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.