3.0.0 3503 2023-01-11T13:41:19Z 2023-01-11T13:41:19Z Senate S 2018-09-26 115 ssfi00 Finance Committee Senate Standing Referred to 2018-09-26T15:53:55Z American Housing and Economic Mobility Act of 2018 115 7262 HR 2018-12-13 Referred to the Subcommittee on Highways and Transit. Identical bill CRS 2018-09-26 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-09-26 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N Housing and Community Development Agricultural prices, subsidies, credit Appropriations Banking and financial institutions regulation Building construction Consumer credit Educational facilities and institutions Elementary and secondary education Energy efficiency and conservation Financial crises and stabilization Government information and archives Government lending and loan guarantees Higher education Housing and community development funding Housing discrimination Housing finance and home ownership Housing supply and affordability Indian social and development programs Labor standards Land use and conservation Low- and moderate-income housing Public contracts and procurement Public housing Regional and metropolitan planning Residential rehabilitation and home repair Rural conditions and development Sex, gender, sexual orientation discrimination Small business Transfer and inheritance taxes Wages and earnings Housing and Community Development 00 2018-09-26 Introduced in Senate 2019-08-28T15:45:22Z American Housing and Economic Mobility Act of 2018

This bill addresses housing affordability and access by

  • establishing a Local Housing Innovation grant program to support efforts to remove barriers to affordable housing;
  • reauthorizing and increasing funding for various specified housing programs;
  • establishing a Middle Class Housing Emergency Fund to support the construction of affordable rental-housing units;
  • establishing a down-payment assistance program;
  • establishing a formula grant program to assist borrowers who have negative equity in their homes;
  • expanding the applicability, and increasing the penalties for violations, of certain requirements for financial institutions to help meet the credit needs of lower-income communities;
  • expanding certain protections under the Fair Housing Act; and
  • otherwise revising provisions related to housing assistance.

The bill also lowers estate-tax thresholds, establishes new tax rates above those thresholds, and otherwise modifies provisions related to transfer taxes.

]]> American Housing and Economic Mobility Act of 2018 Display Title American Housing and Economic Mobility Act of 2018 Official Title as Introduced A bill to make housing more affordable, and for other purposes. Introduced in Senate IS Short Titles as Introduced American Housing and Economic Mobility Act of 2018 Short Titles as Introduced for portions of this bill Community Reinvestment Reform Act of 2018 Introduced in Senate 2018-09-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3503is/xml/BILLS-115s3503is.xml 2018-09-26 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.