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Increased Oversight for Community Development and Housing Funds.

This law establishes an independent Inspector General for the NeighborWorks Corporation, which supports affordable housing and community development projects. The goal is to ensure that taxpayer money allocated for local projects is spent efficiently and legally. Furthermore, the organization must undergo mandatory annual independent financial audits, increasing expenditure transparency.
Key points
Creation of an independent Inspector General to oversee the spending and operations of the NeighborWorks Corporation.
Mandatory annual external financial audits are introduced, increasing transparency in the use of public funds for community and housing projects.
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Introduced
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Additional Information
Print number: 119_HR_6483
Sponsor: Rep. Walkinshaw, James R. [D-VA-11]
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

NeighborWorks Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6483.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • Creation of an independent Inspector General to oversee the spending and operations of the NeighborWorks Corporation.
  • Mandatory annual external financial audits are introduced, increasing transparency in the use of public funds for community and housing projects.
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. Walkinshaw, James R. [D-VA-11].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Real Estate Economy