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Grants for Neighborhood Revitalization and Property Rehabilitation

This act aims to improve neglected neighborhoods by funding the renovation and demolition of distressed properties. Citizens living in these areas may see improved living conditions, increased safety, and potentially higher property values. The program is designed to support local communities in renewing their surroundings.
Key points
Establishes a grant program for organizations focused on neighborhood revitalization.
Funds from grants will be used for demolition and rehabilitation of abandoned or distressed properties.
Grants will be awarded competitively, ensuring fair access to funding.
25 million dollars are authorized for fiscal year 2022, potentially bringing tangible improvements to many communities.
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Expired
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Additional Information
Print number: 117_HR_6516
Sponsor: Rep. Bustos, Cheri [D-IL-17]
Process start date: 2022-01-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Neighborhood Reinvestment and Revitalization Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6516.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-01-28.

What are the main provisions?

Key points include:

  • Establishes a grant program for organizations focused on neighborhood revitalization.
  • Funds from grants will be used for demolition and rehabilitation of abandoned or distressed properties.
  • Grants will be awarded competitively, ensuring fair access to funding.
  • 25 million dollars are authorized for fiscal year 2022, potentially bringing tangible improvements to many communities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bustos, Cheri [D-IL-17].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Real Estate Public Investments Local Government