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Massive Housing Investment and Rental Assistance Guarantee for Low-Income Americans.

This Act authorizes over $100 billion for affordable housing construction and supportive services, aiming to tackle the housing and homelessness crises. It significantly expands the Housing Choice Voucher program by allocating 500,000 new vouchers in 2024 and additional vouchers in subsequent years, and establishing, after five years, an entitlement to rental assistance for extremely low-income households. Citizens will benefit from increased housing stability, new supportive housing options, and free legal aid against eviction.
Key points
Allocation of 500,000 new Housing Choice Vouchers (Section 8) in fiscal year 2024 and millions more from 2025-2027, leading to a future entitlement for the poorest families.
Authorization of billions of dollars for the Housing Trust Fund and HOME program to finance the construction of affordable housing.
Creation of an $800 million grant program providing free legal assistance to low-income tenants facing eviction.
Funding for innovative solutions, including converting commercial properties into permanent housing and establishing mobile crisis intervention teams.
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Additional Information
Print number: 118_S_2701
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2023-07-27