118th Congress · HOUSE BILLBILL

H.R. 3178 — Grayfield Redevelopment and Economic Advancement Through Effective Repurposing and Revitalization of Shopping Centers Act of 2023

“To amend the Housing and Community Development Act of 1974 to authorize grants to assist in redeveloping abandoned shopping centers, and for other purposes.”

Housing and community development

Introduced May 10, 2023

Last action May 10, 2023

Pipeline · Bill → Law

Step 1

Introduced

May 10, 2023

Step 2

Referred

May 10, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

May 10, 2023

Introduced in House

May 10, 2023

Referred to the House Committee on Financial Services.