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HR 3178 118th 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 2023

Introduced: May 10, 2023 Introduced by: Cleaver, Emanuel Democratic · Missouri See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 10, 2023
Referred to the House Committee on Financial Services.
May 10, 2023
Introduced in House
 Plain-English summary Congressional Research Service

Grayfield Redevelopment and Economic Advancement Through Effective Repurposing and Revitalization of Shopping Centers Act of 2023 or the GREATER Revitalization of Shopping Centers Act of 2023

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 or underutilized 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 May 10, 2023

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1