HR 7697
117th Congress
House
Housing and Community Development
Adult day care
Air quality
Building construction
Child care and development
Climate change and greenhouse gases
Community life and organization
Cooperative and condominium housing
Department of Housing and Urban Development
Disaster relief and insurance
Emergency medical services and trauma care
Energy efficiency and conservation
Executive agency funding and structure
Government lending and loan guarantees
Housing and community development funding
Housing discrimination
Housing finance and home ownership
Housing for the elderly and disabled
Housing supply and affordability
Infectious and parasitic diseases
Affordable CO-OP (Collective Opportunities for Owning Property) Act
Introduced: May 10, 2022
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2022
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
May 10, 2022
Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, 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.
May 10, 2022
Introduced in House
Plain-English summary
Affordable CO-OP (Collective Opportunities for Owning Property) Act
This bill expands access to financing through zero-interest loans and federally backed mortgages for, and otherwise supports, limited equity cooperatives. These are models of affordable homeownership in which residents purchase a share in a residential development and commit to resell their share at a price that maintains affordability.
What's happening now
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.