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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
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

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)

Bill Actions

Date Description
March 21, 2013 Referred to the House Committee on Financial Services.