HR 5041 United States House · 117th Congress

GREATER Revitalization of Shopping Centers Act of 2021

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Aug 2021

Committee Review

Floor Vote

President

Introduced Aug 17, 2021 Last action Aug 17, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Aug 17, 2021

Committee

Referred to the House Committee on Financial Services.

lower

Aug 17, 2021

Introduced

Introduced in House

lower

1 primary · 13 co-sponsors