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Billion Dollar Fund to Convert Vacant Hotels into Affordable Housing.

This Act establishes the "Project Turnkey Program," authorizing $1 billion annually to convert vacant hotels, motels, and other commercial buildings into shelters and affordable rental housing. The goal is to rapidly increase the availability of safe accommodation for individuals experiencing homelessness, those at risk, and victims of domestic violence. The program simplifies the process for local governments and non-profits to acquire and renovate these properties and provide essential supportive services.
Key points
Authorizes $1 billion annually to fund the acquisition and conversion of vacant properties (hotels, offices, schools) into affordable housing and shelters.
Funds are targeted at assisting homeless individuals, those at risk of homelessness, and victims of violence, providing both housing and supportive services.
The program streamlines the creation of new housing by waiving certain federal requirements regarding cost limits and matching funds.
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Expired
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Additional Information
Print number: 118_HR_8297
Sponsor: Rep. Bonamici, Suzanne [D-OR-1]
Process start date: 2024-05-08
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Project Turnkey Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8297.

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 2024-05-08.

What are the main provisions?

Key points include:

  • Authorizes $1 billion annually to fund the acquisition and conversion of vacant properties (hotels, offices, schools) into affordable housing and shelters.
  • Funds are targeted at assisting homeless individuals, those at risk of homelessness, and victims of violence, providing both housing and supportive services.
  • The program streamlines the creation of new housing by waiving certain federal requirements regarding cost limits and matching funds.
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. Bonamici, Suzanne [D-OR-1].

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.

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