H.R. 2768 · 117th Congress
American Housing and Economic Mobility Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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CleaverSponsor13 cosponsors · 13 D
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Bonamici
SC
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Cohen
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García
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Khanna
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Lee
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Moore
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Norton
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Pressley
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Schakowsky
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Blumenauer
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Bush
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Pocan
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Roybal-Allard9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill addresses housing affordability and availability, makes certain changes to the estate and gift taxes, and contains other related provisions.
What it does: CRS summary · Introduced in House · Apr 22, 2021
American Housing and Economic Mobility Act of 2021
This bill addresses housing affordability and availability, makes certain changes to the estate and gift taxes, and contains other related provisions.
The Department of Housing and Urban Development shall provide grants to (1) state and local governments that remove unnecessary barriers to building affordable units, (2) states to assist borrowers who have negative equity in their homes, (3) state housing finance agencies to construct or acquire affordable rental housing and prevent tenant displacement and harassment, and (4) eligible individuals (generally, lower income individuals who resided in low-income or historically racially segregated areas) to help them purchase their first homes.
The bill provides funding through FY2031 for the first-time homeowner grant program established by the bill, through FY2022 for the affordable rental housing construction program established by the bill, and through FY2022 for specified existing rural housing programs.
The bill also expands fair housing protections to prohibit discrimination based on sexual orientation, gender identity, marital status, source of income, veteran status, or an individual's perceived membership in a protected class (e.g., an individual's perceived race or sex).
Additionally, the bill modifies the estate tax in various ways, including by reducing the number of brackets to three, increasing the tax rates, and reducing the basic exemption amount. The bill also modifies provisions related to gift taxes and transfer taxes.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: American Housing and Economic Mobility Act of 2021
Latest action (Oct 19, 2021): Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Policy area: Housing and Community Development · Origin: House · Introduced: Apr 22, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.