RESIDE Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5591 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5591 To establish a pilot program to convert blighted buildings into housing. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 26, 2025 Mr. Liccardo (for himself, Ms. Salazar, Mr. Olszewski, and Mr. Fitzpatrick) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To establish a pilot program to convert blighted buildings into housing. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Revitalizing Empty Structures Into Desirable Environments Act'' or the ``RESIDE Act''. SEC. 2. BLIGHTED BUILDING TO HOUSING CONVERSION PROGRAM. (a) Definitions.--In this section: (1) Attainable housing.--The term ``attainable housing'' means housing that-- (A) serves households earning not more than 100 percent of the area median income, if a majority of the housing units are affordable to households earning not more than 80 percent of the area median income; or (B) serves households earning not more than 120 percent of the area median income, if the majority of the housing units are affordable to households earning not more than 60 percent of the area median income. (2) Converted housing unit.--The term ``converted housing unit'' means a housing unit that is created using a covered grant. (3) Covered grant.--The term ``covered grant'' means a grant awarded under the Pilot Program. (4) Eligible entity.--The term ``eligible entity'' means a participating jurisdiction, as that term is defined in section 104 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12704). (5) HOME investment partnerships program.--The term ``HOME I