American Housing and Economic Mobility Act of 2018

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 11 December 2018

   Introduced

   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.

   Source: IntroReferral

2. 11 December 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 December 2018

   Introduced

   Introduced in House

   Source: IntroReferral

4. 13 December 2018

   Referred

   Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 December 2018 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 December 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 December 2018

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 11 December 2018

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Richmond, Cedric L. [D-LA-2] · D · Sponsor
• Rep. Cummings, Elijah E. [D-MD-7] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Moore, Gwen [D-WI-4] · D · Sponsor
• · hspw00 · Standing
• · hsed00 · Standing
• · hsju00 · Standing
• · hswm00 · Standing
• · hsba00 · Standing

Related records

• related to → American Housing and Economic Mobility Act of 2018