Project Rebuild Act

Summary

Project Rebuild Act - Appropriates funds for assistance to eligible entities, including state and local governments, and qualified nonprofit organizations, businesses or eligible consortia, for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild). Allows such grantees to give priority emphasis and consideration to areas that have lost occupiable housing stock within three years of the enactment of this Act due to the effects of presidentially declared disasters. Allows the use of funds to: (1) establish financing mechanisms for the purchase and redevelopment of abandoned and foreclosed-upon properties; (2) purchase and rehabilitate such properties; (3) establish and operate land banks for them, as well as for properties demolished or severely damaged by presidentially declared disasters; (4) demolish blighted structures (except public housing); and (5) redevelop abandoned, foreclosed, demolished, or vacant properties. Requires each state to receive at least $20 million of formula funds, all of which shall be used with respect to low and moderate-income individuals and families. Requires each state and local government grantee to establish procedures to create preferences for development of affordable rental housing. Allows a grantee to use up to 10% to create jobs by establishing and operating a program to maintain eligible neighborhood properties. Subjects amounts appropriated, revenues generated, and amounts otherwise made available under this Act to: (1) the requirement of the Housing and Community Development Act of 1974 that all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects be paid wages at the locally prevailing rates (Davis-Bacon Act); and (2) the Secretary's authority to waive such wage rate and certain employment protection requirements with respect to grants to Indian tribes.

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

Timeline

1. 6 March 2012

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 6 March 2012

   Introduced

   Sponsor introductory remarks on measure. (CR S1424-1425)

   Source: IntroReferral

3. 6 March 2012

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 8 May 2012

   Committee

   Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 6 March 2012 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 6 March 2012

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 6 March 2012

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 6 March 2012

  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

• Sen. Reed, Jack [D-RI] · D · Sponsor
• Sen. Durbin, Richard J. [D-IL] · D · Sponsor
• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• Sen. Whitehouse, Sheldon [D-RI] · D · Sponsor
• Sen. Merkley, Jeff [D-OR] · D · Sponsor
• Sen. Begich, Mark [D-AK] · D · Sponsor
• Sen. Franken, Al [D-MN] · D · Sponsor
• Sen. Blumenthal, Richard [D-CT] · D · Sponsor
• Sen. Akaka, Daniel K. [D-HI] · D · Sponsor
• Sen. Gillibrand, Kirsten E. [D-NY] · D · Cosponsor
• · ssbk00 · Standing

Related records

• related to → American Jobs Act of 2011
• related to → Project Rebuild Act of 2011
• related to → American Jobs Act of 2011
• related to → American Jobs Act of 2011