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Grants for converting abandoned shopping centers into housing and community hubs.

This bill establishes a new federal grant program aimed at transforming large, abandoned shopping centers (known as "grayfields") into vibrant community spaces. These funds allow local authorities to build new affordable housing, improve public transit access, and eliminate blight in neighborhoods. Citizens benefit from local infrastructure revitalization and increased housing availability.
Key points
Introduces grants up to $5 million per project specifically for redeveloping large, abandoned shopping centers (over 20 acres) into new developments.
Projects must prioritize creating affordable housing, promoting transit-oriented development, and revitalizing neglected areas.
Local entities must provide matching funds (e.g., tax incentives) exceeding 50% of the grant amount, with preference for projects engaging the community and benefiting lower-income areas.
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Expired
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Additional Information
Print number: 118_S_1533
Sponsor: Sen. Booker, Cory A. [D-NJ]
Process start date: 2023-05-10
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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

GREATER Revitalization of Shopping Centers Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1533.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-05-10.

What are the main provisions?

Key points include:

  • Introduces grants up to $5 million per project specifically for redeveloping large, abandoned shopping centers (over 20 acres) into new developments.
  • Projects must prioritize creating affordable housing, promoting transit-oriented development, and revitalizing neglected areas.
  • Local entities must provide matching funds (e.g., tax incentives) exceeding 50% of the grant amount, with preference for projects engaging the community and benefiting lower-income areas.
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. Booker, Cory A. [D-NJ].

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 2025-12-26.

CATEGORIES

Real Estate Local Government Public Investments