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.

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Timeline

1. 26 September 2018

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 26 September 2018

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 September 2018 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 September 2018

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 September 2018

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 September 2018

  Open at official source

Sponsors

• Elizabeth Warren · D · Sponsor
• · ssfi00 · Standing

Related records

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