| HOUSING
National Housing Trust Fund Act Bill No. HR 1102 Sponsor: Congressman Bernard Sanders (Vermont) Cosponsors: 205 (Including New Jersey Congressmen Robert Andrews, Rush Holt, Robert Menendez, Frank Pallone, Bill Pascrell, Donald Payne, Steve Rothman, Chris Smith) Bill No. S1411 Sponsor: Senator John F. Kerry (Massachusetts) Cosponsors: 1 Summary: Establishes the National Affordable Housing Trust Fund to provide for the development, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families. Comments: The sponsors propose to use profits generated by Federal housing programs to provide additional appropriations to support new housing activities. The funds would support projects that enable rental housing to be built for "families with the greatest need in areas with the greatest opportunities in mixed-income settings." The funds would also be used to promote homeownership for low-income families. The goal is to provide approximately 1,500,000 additional affordable, low-income housing units over the next 10 years.Additional Information: HR1102 Status: House Subcommittee on Housing and Community Opportunity Summary of Legislative Activity: 3/17/03 Referred to House Subcommittee on Housing and Community Opportunity S1411 Status: Senate Committee on Banking, Housing and Urban Affairs Summary of Legislative Activity: |