HR 8297 — Project Turnkey Act

Summary

To amend the HOME Investment Partnerships Act to establish a Project Turnkey Program to leverage vacant hotels and motels for housing and enhance shelter capacity nationally, and for other purposes.

Bill Text

• Introduced Introduced in House Current html May 08, 2024

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill establishes a Project Turnkey Program under the HOME Investment Partnerships Act to support the use of vacant hotels and motels for housing, thereby enhancing shelter capacity nationally.

• 42 U.S.C. 12821

  SEC. 272. PROJECT TURNKEY PROGRAM. (a) In General.--There is established a Project Turnkey Program through which the Secretary shall award amounts to eligible entities to use for eligible activities.

  This creates a new program aimed at leveraging vacant hotels and motels for housing.

• 42 U.S.C. 12821

  (b) Use of Amounts by Eligible Entities.--(1) Administrative and planning costs.--An eligible entity that receives amounts under this section may use not more than 15 percent of such amounts for administrative and planning costs.

  It allows eligible entities to allocate a portion of the funds for administrative and planning expenses.

• 42 U.S.C. 12821

  (2) Operating expenses of other organizations.--(A) In general.--An eligible entity that receives amounts under this section may use not more than 5 percent of such amounts to cover the operating expenses of community housing development organizations and nonprofit organizations carrying out activities authorized under this section.

  This provision permits some funding to be directed to cover operating expenses of certain organizations involved in housing activities.

• 42 U.S.C. 12821

  (c) Subgrants.--Any eligible entity that is a public entity may subgrant any amounts received under this section.

  It allows public entities to subgrant funds to others for eligible activities.

• 42 U.S.C. 12821

  (d) Supplement Not Supplant.--As a condition of receiving amounts under this section, an eligible entity shall use such funds received under this section only to supplement the level of State or local funds that would, in the absence of the receipt of funds under this section, be made available for activities described in this section.

  This ensures that federal funds supplement rather than replace existing state or local funding.

• 42 U.S.C. 12821

  (e) Authorization of Appropriations.--In addition to amounts otherwise available under this Act, there is authorized to be appropriated to carry out this section $1,000,000,000 annually.

  It authorizes significant annual federal funding to support the program.

• 42 U.S.C. 12821

  (f) Availability of Amounts.--Amounts appropriated pursuant to this section shall remain available until 2034.

  This specifies that the allocated funds can be used until 2034.

• 42 U.S.C. 12821

  (g) Allocation of Amounts.--(1) Formula assistance.--Except as provided in paragraphs (2) and (3), the Secretary shall allocate amounts appropriated under this section to grantees that received allocations under section 217 in fiscal year 2024.

  It describes how the allocated funds will be distributed to grantees.

• 42 U.S.C. 12821

  (h) Special Rules.--The cost limits described in section 212(e), the commitment requirements described in section 218(g), the matching requirements described in section 220, and the set-aside for housing developed, sponsored, or owned by community housing development organizations required in section 231 shall not apply for any amounts appropriated under this section.

  It indicates that certain existing housing program requirements will not apply to the new program.

• 42 U.S.C. 12821

  (i) Definitions.--In this section: (1) Qualifying individual or family defined.--The term 'qualifying individual or family' means an individual or family that is--(A) homeless, as such term defined in section 103(a) of the McKinney-Vento Homeless Assistance Act; (B) at-risk of homelessness, as defined in section 401(1) of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11360(1)); (C) fleeing, or attempting to flee, domestic violence, dating violence, sexual assault, stalking, or human trafficking, as such terms are defined by the Secretary; (D) a homeless child or youth, as that term is defined in section 725 of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11434a); or (E) a youth experiencing homelessness as that term is defined in section 38723 of the Runaway and Homeless Youth Act (34 U.S.C. 11279).

  It defines who qualifies for assistance under the Project Turnkey Program.

Action History

1. May 08, 2024

   Referred to the House Committee on Financial Services.

2. May 08, 2024

   Introduced in House

Sponsors

• Suzanne Bonamici · Primary

Subjects