S 4146 United States Senate · 118th Congress

Neighborhood Revitalization and Land Banking Act of 2024

This bill establishes federal grant programs to help communities address vacant and abandoned properties through land banks. It provides $10,000 annual grants for mapping blighted properties (Section 3), $100,000-$250,000 planning grants to develop neighborhood revitalization plans (Section 4), and $2 million-$15 million implementation grants to fund property remediation like demolition, rehab, and title clearance (Section 4). Land banks, counties without land banks, and rural areas receive priority, with at least one-third of funds reserved for underresourced entities. The bill also creates technical assistance and a fellowship program to support applicants, all funded through annual appropriations totaling $20-$44 million per year.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
President
Introduced Apr 17, 2024 Last action Apr 17, 2024
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2
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Committee
1
Apr 17, 2024
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Apr 17, 2024
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

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