American Housing and Economic Mobility Act of 2024

[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9245 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9245 To make housing more affordable, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 2, 2024 Mr. Cleaver (for himself, Ms. Schakowsky, Ms. Norton, Mr. Khanna, Ms. Lee of California, Ms. Moore of Wisconsin, Ms. Bush, Ms. Balint, Mr. Frost, Mr. Jackson of Illinois, Ms. Bonamici, Mrs. Hayes, Ms. Tlaib, Mrs. Ramirez, Mr. Garcia of Illinois, Ms. Pressley, Mr. Amo, Ms. Omar, Ms. Ocasio-Cortez, Mr. Green of Texas, and Mr. Gomez) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Veterans' Affairs, and Ways and Means, 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 _______________________________________________________________________ A BILL To make housing more affordable, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``American Housing and Economic Mobility Act of 2024''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I--MAKING HOUSING MORE AFFORDABLE Sec. 101. Local housing innovation grants. Sec. 102. Investing in affordable housing infrastructure. Sec. 103. Conditions for the sale of real estate-owned properties and non-performing loans. TITLE II--TAKING THE FIRST STEPS TO REVERSE THE LEGACY OF HOUSING DISCRIMINATION AND GOVERNMENT NEGLIGENCE Sec. 201. Down payment assistance program for first-time homebuyers. Sec. 202. Formula grant program for communities with an apprais