3.0.0 2684 2022-11-01T04:17:46Z 2022-11-01T04:17:46Z Senate S 2019-10-23 116 ssfi00 Finance Committee Senate Standing Referred to 2019-10-23T20:56:27Z Housing, Opportunity, Mobility, and Equity Act of 2019 116 4808 HR 2019-10-23 Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. Related bill CRS 2019-10-23 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-10-23 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N Housing and Community Development Administrative law and regulatory procedures Bank accounts, deposits, capital Congressional oversight Criminal justice information and records Department of the Treasury Economic development Government information and archives Government trust funds Housing and community development funding Housing supply and affordability Income tax credits Interest, dividends, interest rates Landlord and tenant Poverty and welfare assistance Property tax Rural conditions and development Tax administration and collection, taxpayers Transportation programs funding Housing and Community Development 00 2019-10-23 Introduced in Senate 2021-02-03T15:06:07Z Housing, Opportunity, Mobility, and Equity Act of 2019

This bill addresses zoning policies, housing affordability, and economic security.

Specifically, the bill requires each state or local government that receives a Community Development Block Grant from the Department of Housing and Urban Development or a Surface Transportation Block Grant from the Department of Transportation to develop and implement a strategy to support zoning policies or regulatory initiatives that create a more affordable, elastic, and diverse housing supply.

Additionally, the bill establishes a tax credit for individuals who spend more than 30% of their adjusted gross income on rent and requires the Department of the Treasury to make advance payments of this credit to eligible taxpayers who elect that option.

The bill also requires Treasury to establish a Rainy Day Savings Program to allow an eligible taxpayer to defer 20% of the amount that would otherwise be refunded to the taxpayer. Treasury must invest the deferred amount and later disburse that amount, along with any interest, to the taxpayer.

]]> Housing, Opportunity, Mobility, and Equity Act of 2019 Display Title Housing, Opportunity, Mobility, and Equity Act of 2019 Short Title(s) as Introduced Housing, Opportunity, Mobility, and Equity Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to require Community Development Block Grant and Surface Transportation Block Grant recipients to develop a strategy to support inclusive zoning policies, to allow for a credit to support housing affordability, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-10-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2684is/xml/BILLS-116s2684is.xml 2019-10-23 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.