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H.R.1397: Project Rebuild Act of 2013
About this Bill
|You can||read the bill|
|Sponsor||Maxine Waters, D-Calif.|
|Total Cosponsors||31 (All Democrats)|
|Introduced||March 21, 2013|
|Latest Major Action||March 21, 2013|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the House
- Bill passed in the House
- Bill passed in the Senate
- Bill signed into law
Project Rebuild Act of 2013 - Appropriates funds for assistance to eligible entities including state and local governments, and qualified nonprofit organizations, businesses or eligible consortia for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild).
Allows the use of funds to: (1) establish financing mechanisms for the purchase and redevelopment of abandoned and foreclosed-upon properties; (2) purchase and rehabilitate such properties; (3) establish and operate land banks for them; (4) demolish blighted structures (except public housing); and (5) redevelop abandoned, foreclosed, demolished, or vacant properties.
Requires each state to receive at least $20 million of formula funds, all of which shall be used with respect to low and moderate-income individuals and families.
Requires each state and local government grantee to establish procedures to create preferences for development...
(Source: Congressional Research Service)
|March 21, 2013||Referred to the House Committee on Financial Services.|