Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill establishes a Treasury‑run fund that provides grants to state agencies, community lenders and nonprofits. Those grantees then make low‑interest loans to developers who build or rehab homes using shared‑equity models, keeping the units affordable for at least 99 years for low‑ and moderate‑income buyers.
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