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Pilot Program to Convert Vacant Buildings into Attainable Housing

A new pilot program aims to transform abandoned commercial and industrial buildings into housing affordable for middle and lower-income individuals. This initiative could provide citizens with more housing options and revitalize neglected urban areas, potentially enhancing safety and aesthetics. The program also seeks to increase housing access for the elderly, disabled, and veterans.
Key points
Creation of new, affordable housing units from vacant buildings like warehouses, factories, or hotels.
Financial support for local authorities and organizations for property acquisition, demolition, renovation, and construction of housing.
Priority given to economically distressed communities and projects in qualified opportunity zones.
Potential to increase housing availability for elderly individuals, disabled individuals, and veterans.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5591
Sponsor: Rep. Liccardo, Sam T. [D-CA-16]
Process start date: 2025-09-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

RESIDE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5591.

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 2025-09-26.

What are the main provisions?

Key points include:

  • Creation of new, affordable housing units from vacant buildings like warehouses, factories, or hotels.
  • Financial support for local authorities and organizations for property acquisition, demolition, renovation, and construction of housing.
  • Priority given to economically distressed communities and projects in qualified opportunity zones.
  • Potential to increase housing availability for elderly individuals, disabled individuals, and veterans.
What is the specific legal status?

The current status is Introduced.

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. Liccardo, Sam T. [D-CA-16].

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 2025-12-23.

CATEGORIES

Real Estate Public Investments Economy