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Grant Program for Revitalizing Underinvested Communities and Neighborhoods

This act establishes a grant program to help revitalize neglected urban and rural areas. The goal is to support residents with home repairs, create affordable housing and jobs, and combat vacant properties and the effects of past unfair housing practices. This can lead to improved living conditions, financial stability, and local community development for citizens.
Key points
Grants available for home repairs, energy efficiency improvements, and mortgage assistance for struggling individuals.
Support for creating new, affordable rental and homeownership opportunities, including shared equity programs.
Funding for activities aimed at revitalizing distressed neighborhoods, such as demolishing blighted structures and creating green spaces.
Prioritization of applications that help close racial wealth gaps and support minority homeownership.
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Additional Information
Print number: 117_HR_816
Sponsor: Rep. Kaptur, Marcy [D-OH-9]
Process start date: 2021-02-04