Affordable CO-OP (Collective Opportunities for Owning Property) Act
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2022
Committee Review
Floor Vote
President
Introduced May 10, 2022
Last action May 11, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
May 11, 2022
Committee
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
lower
May 10, 2022
Committee
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.
lower
May 10, 2022
Introduced
Introduced in House
lower
1 primary · 6 co-sponsors
Sponsors
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