HR 4210
112th Congress
House
Housing and Community Development
Housing and community development funding
Income tax credits
Securities
Urban and suburban affairs and development
Restore our Neighborhoods Act of 2012
Introduced: March 19, 2012
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 2012
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Mar 19, 2012
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.
Mar 19, 2012
Introduced in House
Plain-English summary
Restore our Neighborhoods Act of 2012 - Amends the Internal Revenue Code to establish a new category of tax credit bonds to be known as qualified urban demolition bonds. Allows the issuance of $4 billion of such bonds for the purpose of demolishing vacant, abandoned, and tax delinquent properties in urban areas. Provides for the allocation of $2 billion to all states to fund such demolition projects, and an additional $2 billion for certain other states that have greater numbers of vacant or foreclosed properties and higher unemployment rates (qualified states).
What's happening now
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Committees of jurisdiction
3