H.R. 7697 · 117th Congress
Affordable CO-OP (Collective Opportunities for Owning Property) Act
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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.
D
BowmanSponsor6 cosponsors · 6 D
6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Affordable CO-OP (Collective Opportunities for Owning Property) Act
What it does: CRS summary · Introduced in House · May 10, 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Affordable CO-OP (Collective Opportunities for Owning Property) Act
Latest action (May 11, 2022): Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Policy area: Housing and Community Development · Origin: House · Introduced: May 10, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.