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To make housing more affordable, and for other purposes.

USA115th CongressHR-7262| House 
| Updated: 12/13/2018
Cedric L. Richmond

Cedric L. Richmond

Democratic Representative

Louisiana

Cosponsors (3)
Barbara Lee (Democratic)Elijah E. Cummings (Democratic)Gwen Moore (Democratic)
Committees (7)
• Transportation and Infrastructure Committee• Ways and Means Committee• Highways and Transit Subcommittee• Financial Services Committee• Economic Development, Public Buildings, and Emergency Management Subcommittee• Judiciary Committee• Education and Workforce Committee
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American Housing and Economic Mobility Act of 2018 This bill addresses housing affordability and access by establishing a Local Housing Innovation grant program to support efforts to remove barriers to affordable housing; reauthorizing and increasing funding for various specified housing programs; establishing a Middle Class Housing Emergency Fund to support the construction of affordable rental-housing units; establishing a down-payment assistance program; establishing a formula grant program to assist borrowers who have negative equity in their homes; expanding the applicability, and increasing the penalties for violations, of certain requirements for financial institutions to help meet the credit needs of lower-income communities; expanding certain protections under the Fair Housing Act; and otherwise revising provisions related to housing assistance. The bill also lowers estate-tax thresholds, establishes new tax rates above those thresholds, and otherwise modifies provisions related to transfer taxes.
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Timeline
Sep 26, 2018

Latest Companion Bill Action

S 115-3503
Introduced in Senate
Dec 11, 2018
Introduced in House
Dec 11, 2018
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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.
Dec 13, 2018
Referred to the Subcommittee on Highways and Transit.
Dec 13, 2018
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
  • September 26, 2018

    Latest Companion Bill Action

    S 115-3503
    Introduced in Senate


  • December 11, 2018
    Introduced in House


  • December 11, 2018
    Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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.


  • December 13, 2018
    Referred to the Subcommittee on Highways and Transit.


  • December 13, 2018
    Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

Housing and Community Development

Related Bills

  • S 115-3503: A bill to make housing more affordable, and for other purposes.
Agricultural prices, subsidies, creditAppropriationsBanking and financial institutions regulationBuilding constructionConsumer creditEducational facilities and institutionsElementary and secondary educationEnergy efficiency and conservationFinancial crises and stabilizationGovernment information and archivesGovernment lending and loan guaranteesHigher educationHousing and community development fundingHousing discriminationHousing finance and home ownershipHousing supply and affordabilityIndian social and development programsLabor standardsLand use and conservationLow- and moderate-income housingPublic contracts and procurementPublic housingRegional and metropolitan planningResidential rehabilitation and home repairRural conditions and developmentSex, gender, sexual orientation discriminationSmall businessTransfer and inheritance taxesWages and earnings

To make housing more affordable, and for other purposes.

USA115th CongressHR-7262| House 
| Updated: 12/13/2018
American Housing and Economic Mobility Act of 2018 This bill addresses housing affordability and access by establishing a Local Housing Innovation grant program to support efforts to remove barriers to affordable housing; reauthorizing and increasing funding for various specified housing programs; establishing a Middle Class Housing Emergency Fund to support the construction of affordable rental-housing units; establishing a down-payment assistance program; establishing a formula grant program to assist borrowers who have negative equity in their homes; expanding the applicability, and increasing the penalties for violations, of certain requirements for financial institutions to help meet the credit needs of lower-income communities; expanding certain protections under the Fair Housing Act; and otherwise revising provisions related to housing assistance. The bill also lowers estate-tax thresholds, establishes new tax rates above those thresholds, and otherwise modifies provisions related to transfer taxes.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 26, 2018

Latest Companion Bill Action

S 115-3503
Introduced in Senate
Dec 11, 2018
Introduced in House
Dec 11, 2018
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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.
Dec 13, 2018
Referred to the Subcommittee on Highways and Transit.
Dec 13, 2018
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
  • September 26, 2018

    Latest Companion Bill Action

    S 115-3503
    Introduced in Senate


  • December 11, 2018
    Introduced in House


  • December 11, 2018
    Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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.


  • December 13, 2018
    Referred to the Subcommittee on Highways and Transit.


  • December 13, 2018
    Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Cedric L. Richmond

Cedric L. Richmond

Democratic Representative

Louisiana

Cosponsors (3)
Barbara Lee (Democratic)Elijah E. Cummings (Democratic)Gwen Moore (Democratic)
Committees (7)
• Transportation and Infrastructure Committee• Ways and Means Committee• Highways and Transit Subcommittee• Financial Services Committee• Economic Development, Public Buildings, and Emergency Management Subcommittee• Judiciary Committee• Education and Workforce Committee

Housing and Community Development

Related Bills

  • S 115-3503: A bill to make housing more affordable, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural prices, subsidies, creditAppropriationsBanking and financial institutions regulationBuilding constructionConsumer creditEducational facilities and institutionsElementary and secondary educationEnergy efficiency and conservationFinancial crises and stabilizationGovernment information and archivesGovernment lending and loan guaranteesHigher educationHousing and community development fundingHousing discriminationHousing finance and home ownershipHousing supply and affordabilityIndian social and development programsLabor standardsLand use and conservationLow- and moderate-income housingPublic contracts and procurementPublic housingRegional and metropolitan planningResidential rehabilitation and home repairRural conditions and developmentSex, gender, sexual orientation discriminationSmall businessTransfer and inheritance taxesWages and earnings