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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
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
Sponsors
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