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Increased Funding for Affordable Housing and Childcare Facilities

This bill proposes allocating $1.5 billion annually to a program supporting affordable housing. Additionally, $500 million annually will be directed towards building or renovating childcare facilities. This could lead to more affordable housing options and increased access to childcare for families.
Key points
Authorizes $1.5 billion annually for the HOME Investment Partnership Program from 2024 to 2028, potentially increasing affordable housing availability.
Authorizes an additional $500 million annually for projects building or rehabilitating childcare facilities from 2024 to 2028, which could expand childcare access.
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Additional Information
Print number: 118_HR_7299
Sponsor: Rep. Schiff, Adam B. [D-CA-30]
Process start date: 2024-02-07
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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

To authorize to be appropriated to the Secretary of Housing and Urban Affairs, $1,500,000,000 to carry out the HOME Investment Partnership Program, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7299.

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 2024-02-07.

What are the main provisions?

Key points include:

  • Authorizes $1.5 billion annually for the HOME Investment Partnership Program from 2024 to 2028, potentially increasing affordable housing availability.
  • Authorizes an additional $500 million annually for projects building or rehabilitating childcare facilities from 2024 to 2028, which could expand childcare access.
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. Schiff, Adam B. [D-CA-30].

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 2025-12-25.

CATEGORIES

Real Estate Family Public Investments