US Congress House Bill 1397

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March 21 2013 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

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 of affordable rental housing. Allows a grantee to use up to 10% to create jobs by establishing and operating a program to maintain eligible neighborhood properties. Sets forth Buy American requirements. Requires all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects to be paid wages at the locally prevailing rates (Davis-Bacon Act).

Project Rebuild Act of 2013

Rep Waters, Maxine	Rep Bass, Karen	Rep Beatty, Joyce	Rep Capuano, Michael E.
Rep Carson, Andre	Rep Christensen, Donna M.	Rep Cicilline, David N.	Rep Clay, Wm. Lacy
Rep Cleaver, Emanuel	Rep Clyburn, James E.	Rep Conyers, John, Jr.	Rep Edwards, Donna F.
Rep Ellison, Keith	Rep Hastings, Alcee L.	Rep Higgins, Brian	Rep Jackson-Lee, Sheila
Rep Johnson, Eddie Bernice	Rep Johnson, Henry C. "Hank," Jr.	Rep Norton, Eleanor Holmes	Rep Payne, Donald, Jr.
Rep Peters, Gary C.	Rep Richmond, Cedric L.	Rep Rush, Bobby L.	Rep Scott, David
Rep Sewell, Terri A.	Rep Takano, Mark	Rep Thompson, Bennie G.	Rep Veasey, Marc A.
Rep Watt, Melvin L.	Rep Wilson, Frederica S.

Date	Chamber	Action
2013-03-21	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HN01397:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-113hr1397ih/pdf/BILLS-113hr1397ih.pdf