HR 5041 117th Congress House Housing and Community Development Congressional oversight Economic development Government lending and loan guarantees Housing and community development funding Intergovernmental relations Retail and wholesale trades

GREATER Revitalization of Shopping Centers Act of 2021

Introduced: August 17, 2021 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Aug 17, 2021

Referred to the House Committee on Financial Services.

Aug 17, 2021

Introduced in House

Plain-English summary Congressional Research Service

Grayfield Redevelopment and Economic Advancement Through Effective Repurposing and Revitalization of Shopping Centers Act of 2021 or the GREATER Revitalization of Shopping Centers Act of 2021

This bill allows the Department of Housing and Urban Development (HUD) to make matching grants for projects financed under the Section 108 Loan Guarantee Program in an effort to eliminate blight associated with abandoned shopping centers.

The Section 108 Loan Guarantee Program allows HUD to provide loan guarantees to participating Community Development Block Grant recipients. These loan guarantees assist those recipients in financing economic and community development projects.

The bill requires the Government Accountability Office to report on the effectiveness of the program and to recommend improvements.

What's happening now August 17, 2021

Referred to the House Committee on Financial Services.

Committees of jurisdiction 1