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Affordable CO-OP (Collective Opportunities for Owning Property) Act

USA117th CongressHR-7697| House 
| Updated: 5/11/2022
Jamaal Bowman

Jamaal Bowman

Democratic Representative

New York

Cosponsors (6)
Mondaire Jones (Democratic)Ilhan Omar (Democratic)Bonnie Watson Coleman (Democratic)Alexandria Ocasio-Cortez (Democratic)Yvette D. Clarke (Democratic)Rashida Tlaib (Democratic)

Transportation and Infrastructure Committee, Financial Services Committee, Economic Development, Public Buildings, and Emergency Management Subcommittee, Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Affordable CO-OP (Collective Opportunities for Owning Property) Act This bill expands access to financing through zero-interest loans and federally backed mortgages for, and otherwise supports, limited equity cooperatives. These are models of affordable homeownership in which residents purchase a share in a residential development and commit to resell their share at a price that maintains affordability.
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Timeline
May 10, 2022
Introduced in House
May 10, 2022
Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, 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.
May 11, 2022
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
  • May 10, 2022
    Introduced in House
  • May 10, 2022
    Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, 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.
  • May 11, 2022
    Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Housing and Community Development

Adult day careAir qualityBuilding constructionChild care and developmentClimate change and greenhouse gasesCommunity life and organizationCooperative and condominium housingDepartment of Housing and Urban DevelopmentDisaster relief and insuranceEmergency medical services and trauma careEnergy efficiency and conservationExecutive agency funding and structureGovernment lending and loan guaranteesHousing and community development fundingHousing discriminationHousing finance and home ownershipHousing for the elderly and disabledHousing supply and affordabilityInfectious and parasitic diseasesInternet, web applications, social mediaLabor standardsLandlord and tenantLow- and moderate-income housingResidential rehabilitation and home repairState and local government operationsWages and earnings

Affordable CO-OP (Collective Opportunities for Owning Property) Act

USA117th CongressHR-7697| House 
| Updated: 5/11/2022
Affordable CO-OP (Collective Opportunities for Owning Property) Act This bill expands access to financing through zero-interest loans and federally backed mortgages for, and otherwise supports, limited equity cooperatives. These are models of affordable homeownership in which residents purchase a share in a residential development and commit to resell their share at a price that maintains affordability.
View Full Text

Suggested Questions

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

Timeline
May 10, 2022
Introduced in House
May 10, 2022
Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, 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.
May 11, 2022
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
  • May 10, 2022
    Introduced in House
  • May 10, 2022
    Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, 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.
  • May 11, 2022
    Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Jamaal Bowman

Jamaal Bowman

Democratic Representative

New York

Cosponsors (6)
Mondaire Jones (Democratic)Ilhan Omar (Democratic)Bonnie Watson Coleman (Democratic)Alexandria Ocasio-Cortez (Democratic)Yvette D. Clarke (Democratic)Rashida Tlaib (Democratic)

Transportation and Infrastructure Committee, Financial Services Committee, Economic Development, Public Buildings, and Emergency Management Subcommittee, Energy and Commerce Committee

Housing and Community Development

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Adult day careAir qualityBuilding constructionChild care and developmentClimate change and greenhouse gasesCommunity life and organizationCooperative and condominium housingDepartment of Housing and Urban DevelopmentDisaster relief and insuranceEmergency medical services and trauma careEnergy efficiency and conservationExecutive agency funding and structureGovernment lending and loan guaranteesHousing and community development fundingHousing discriminationHousing finance and home ownershipHousing for the elderly and disabledHousing supply and affordabilityInfectious and parasitic diseasesInternet, web applications, social mediaLabor standardsLandlord and tenantLow- and moderate-income housingResidential rehabilitation and home repairState and local government operationsWages and earnings