US SB2162 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 12-0)
Status: Introduced on March 6 2012 - 25% progression, died in chamber
Action: 2012-05-08 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 6 2012 - 25% progression, died in chamber
Action: 2012-05-08 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.
Text: Latest bill text (Introduced) [PDF]
Summary
Project Rebuild Act - 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 such grantees to give priority emphasis and consideration to areas that have lost occupiable housing stock within three years of the enactment of this Act due to the effects of presidentially declared disasters. 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, as well as for properties demolished or severely damaged by presidentially declared disasters; (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. Subjects amounts appropriated, revenues generated, and amounts otherwise made available under this Act to: (1) the requirement of the Housing and Community Development Act of 1974 that all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects be paid wages at the locally prevailing rates (Davis-Bacon Act); and (2) the Secretary's authority to waive such wage rate and certain employment protection requirements with respect to grants to Indian tribes.
Title
Project Rebuild Act
Sponsors
Sen. Jack Reed [D-RI] | Sen. Daniel Akaka [D-HI] | Sen. Mark Begich [D-AK] | Sen. Richard Blumenthal [D-CT] |
Sen. Sherrod Brown [D-OH] | Sen. Richard Durbin [D-IL] | Sen. Al Franken [D-MN] | Sen. Kirsten Gillibrand [D-NY] |
Sen. Patrick Leahy [D-VT] | Sen. Jeff Merkley [D-OR] | Sen. Charles Schumer [D-NY] | Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2012-05-08 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677. |
2012-03-06 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
2012-03-06 | Senate | Sponsor introductory remarks on measure. (CR S1424-1425) |
Same As/Similar To
HB12 (Related) 2011-10-21 - Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
HB3502 (Related) 2012-01-12 - Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
SB1549 (Related) 2011-09-14 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.
SB1660 (Related) 2011-10-11 - Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the bill made in Senate. (consideration: CR S6383)
HB3502 (Related) 2012-01-12 - Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
SB1549 (Related) 2011-09-14 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.
SB1660 (Related) 2011-10-11 - Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the bill made in Senate. (consideration: CR S6383)
Subjects
Appropriations
Disaster relief and insurance
Housing and community development
Housing and community development funding
Housing finance and home ownership
Land use and conservation
Residential rehabilitation and home repair
Unemployment
Urban and suburban affairs and development
Disaster relief and insurance
Housing and community development
Housing and community development funding
Housing finance and home ownership
Land use and conservation
Residential rehabilitation and home repair
Unemployment
Urban and suburban affairs and development
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/2162/all-info |
Text | https://www.congress.gov/112/bills/s2162/BILLS-112s2162is.pdf |