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     &lt;p&gt;&lt;strong&gt;Affordable Housing Preservation Act of 2021&lt;/strong&gt;&lt;/p&gt; &lt;p&gt; This bill directs the Department of Housing and Urban Development (HUD) to implement a demonstration program for the establishment or preservation of limited- or zero-equity resident-controlled housing. Limited- or zero-equity resident-controlled housing (e.g., a housing cooperative) restricts the initial and resale price of shares of stock or membership interests in a residence so that the shares or interests remain affordable to families of certain incomes. &lt;/p&gt; &lt;p&gt;Specifically, HUD may assist nonprofit organizations to establish or preserve such housing through providing (1) mortgage insurance; and (2) grants for predevelopment costs, monitoring fees, technical assistance, gap funding, and intermediary financing. &lt;/p&gt; &lt;p&gt;Housing receiving such assistance must be governed by a board of directors elected by members of a limited- or zero-equity resident-controlled housing corporation with voting structured equitably among all members. &lt;/p&gt; &lt;p&gt;A limited- or zero-equity resident-controlled housing corporation may sell corporate shares in such housing to an eligible household for a purchase price that ensures dwelling units in the housing will remain affordable for at least 30 years to households earning less than a certain income. &lt;/p&gt;
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   Affordable Housing Preservation Act of 2021
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H11100
2021-04-26
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-04-26
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Library of Congress
Introduced in House
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1000
2021-04-26
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Library of Congress
Introduced in House
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2021-04-26T16:02:30Z
Referred to
House
Financial Services Committee
hsba00
Standing
M000087
12
CAROLYN
Rep. Maloney, Carolyn B. [D-NY-12]
MALONEY
B.
D
2021-04-26
NY
B001278
1
Suzanne
Rep. Bonamici, Suzanne [D-OR-1]
Bonamici
D
2021-06-04
OR
T000193
2
BENNIE
Rep. Thompson, Bennie G. [D-MS-2]
THOMPSON
D
2021-06-04
MS
N000147
0
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Del. Norton, Eleanor Holmes [D-DC-At Large]
NORTON
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D
2021-06-04
DC
G000586
4
Jesus
Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Garcia
G.
D
2021-06-04
IL
J000306
17
Mondaire
Rep. Jones, Mondaire [D-NY-17]
Jones
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2021-06-04
NY
S001165
8
Albio
Rep. Sires, Albio [D-NJ-8]
Sires
D
2021-06-04
NJ
H001081
5
Jahana
Rep. Hayes, Jahana [D-CT-5]
Hayes
D
2021-06-11
CT
B001223
16
Jamaal
Rep. Bowman, Jamaal [D-NY-16]
Bowman
D
2022-04-21
NY
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-04-26
2021-04-26
Referred to the House Committee on Financial Services.
House
Housing and Community Development
O000173
5
Ilhan
Rep. Omar, Ilhan [D-MN-5]
N
Omar
D
MN
Congressional oversight Cooperative and condominium housing Housing and community development funding Housing discrimination Housing finance and home ownership Housing supply and affordability
2021-04-26
Introduced in House
 <p><strong>Affordable Housing Preservation Act of 2021</strong></p> <p> This bill directs the Department of Housing and Urban Development (HUD) to implement a demonstration program for the establishment or preservation of limited- or zero-equity resident-controlled housing. Limited- or zero-equity resident-controlled housing (e.g., a housing cooperative) restricts the initial and resale price of shares of stock or membership interests in a residence so that the shares or interests remain affordable to families of certain incomes. </p> <p>Specifically, HUD may assist nonprofit organizations to establish or preserve such housing through providing (1) mortgage insurance; and (2) grants for predevelopment costs, monitoring fees, technical assistance, gap funding, and intermediary financing. </p> <p>Housing receiving such assistance must be governed by a board of directors elected by members of a limited- or zero-equity resident-controlled housing corporation with voting structured equitably among all members. </p> <p>A limited- or zero-equity resident-controlled housing corporation may sell corporate shares in such housing to an eligible household for a purchase price that ensures dwelling units in the housing will remain affordable for at least 30 years to households earning less than a certain income. </p>
2021-11-23T18:15:00Z
00
2021-04-26T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2851ih/xml/BILLS-117hr2851ih.xml
Affordable Housing Preservation Act of 2021
Affordable Housing Preservation Act of 2021
Display Title
IH
Introduced in House
To require the Secretary of Housing and Urban Development to carry out a demonstration program to evaluate the effectiveness of the Department assisting nonprofit organizations to develop, acquire, rehabilitate, convert, or preserve affordable housing that is governed by the residents of such housing, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Affordable Housing Preservation Act of 2021
Short Title(s) as Introduced
HR
2023-03-08T19:58:39Z
2023-03-08T19:58:39Z
3.0.0
H11100
2021-04-26
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-04-26
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-26
9
Library of Congress
Introduced in House
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O000173
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Ilhan
Rep. Omar, Ilhan [D-MN-5]
N
Omar
D
MN
M000087
12
CAROLYN
Rep. Maloney, Carolyn B. [D-NY-12]
MALONEY
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D
2021-04-26
NY
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Rep. Bonamici, Suzanne [D-OR-1]
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2021-06-04
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N000147
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D
2021-06-04
DC
G000586
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Jesus
Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Garcia
G.
D
2021-06-04
IL
J000306
17
Mondaire
Rep. Jones, Mondaire [D-NY-17]
Jones
D
2021-06-04
NY
S001165
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Albio
Rep. Sires, Albio [D-NJ-8]
Sires
D
2021-06-04
NJ
H001081
5
Jahana
Rep. Hayes, Jahana [D-CT-5]
Hayes
D
2021-06-11
CT
B001223
16
Jamaal
Rep. Bowman, Jamaal [D-NY-16]
Bowman
D
2022-04-21
NY
Congressional oversight Cooperative and condominium housing Housing and community development funding Housing discrimination Housing finance and home ownership Housing supply and affordability
2021-04-26
Introduced in House
 <p><strong>Affordable Housing Preservation Act of 2021</strong></p> <p> This bill directs the Department of Housing and Urban Development (HUD) to implement a demonstration program for the establishment or preservation of limited- or zero-equity resident-controlled housing. Limited- or zero-equity resident-controlled housing (e.g., a housing cooperative) restricts the initial and resale price of shares of stock or membership interests in a residence so that the shares or interests remain affordable to families of certain incomes. </p> <p>Specifically, HUD may assist nonprofit organizations to establish or preserve such housing through providing (1) mortgage insurance; and (2) grants for predevelopment costs, monitoring fees, technical assistance, gap funding, and intermediary financing. </p> <p>Housing receiving such assistance must be governed by a board of directors elected by members of a limited- or zero-equity resident-controlled housing corporation with voting structured equitably among all members. </p> <p>A limited- or zero-equity resident-controlled housing corporation may sell corporate shares in such housing to an eligible household for a purchase price that ensures dwelling units in the housing will remain affordable for at least 30 years to households earning less than a certain income. </p>
2021-11-23T18:15:00Z
00
Affordable Housing Preservation Act of 2021
Affordable Housing Preservation Act of 2021
Display Title
IH
Introduced in House
To require the Secretary of Housing and Urban Development to carry out a demonstration program to evaluate the effectiveness of the Department assisting nonprofit organizations to develop, acquire, rehabilitate, convert, or preserve affordable housing that is governed by the residents of such housing, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Affordable Housing Preservation Act of 2021
Short Title(s) as Introduced
2021-04-26
Referred to the House Committee on Financial Services.