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Affordable Housing Act: Support for Low-Income Families

This act aims to increase housing availability for low-income individuals, especially given rising housing challenges. It provides funding to convert abandoned buildings into new, affordable homes, which can help combat homelessness and provide stability for many families. Additionally, the act supports local economies by creating jobs related to property renovation.
Key points
Allocates $1.5 billion for creating affordable housing by renovating abandoned properties.
At least 25% of new housing units will be for very low-income families (below 50% of area median income).
Housing created under this act must remain affordable for at least 30 years.
Preference will be given to projects in high-cost areas, rural areas, and near public transportation.
The act encourages hiring local residents and small businesses for renovation projects.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_580
Sponsor: Sen. Feinstein, Dianne [D-CA]
Process start date: 2021-03-03
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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

Affordable Housing Redevelopment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_580.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-03.

What are the main provisions?

Key points include:

  • Allocates $1.5 billion for creating affordable housing by renovating abandoned properties.
  • At least 25% of new housing units will be for very low-income families (below 50% of area median income).
  • Housing created under this act must remain affordable for at least 30 years.
  • Preference will be given to projects in high-cost areas, rural areas, and near public transportation.
  • The act encourages hiring local residents and small businesses for renovation projects.
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 Sen. Feinstein, Dianne [D-CA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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