United States 112th Congress Status: Died 1 D cosponsors

S 2162 — Project Rebuild Act

Last action — Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Project Rebuild Act - Appropriates funds for assistance to eligible entities, including state and local governments, and qualified nonprofit organizations, businesses or eligible consortia, for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild). Allows such grantees to give priority emphasis and consideration to areas that have lost occupiable housing stock within three years of the enactment of this Act due to the effects of presidentially declared disasters. Allows the use of funds to: (1) establish financing mechanisms for the purchase and redevelopment of abandoned and foreclosed-upon properties; (2) purchase and rehabilitate such properties; (3) establish and operate land banks for them, as well as for properties demolished or severely damaged by presidentially declared disasters; (4) demolish blighted structures (except public housing); and (5) redevelop abandoned, foreclosed, demolished, or vacant properties. Requires each state to receive at least $20 million of formula funds, all of which shall be used with respect to low and moderate-income individuals and families. Requires each state and local government grantee to establish procedures to create preferences for development of affordable rental housing. Allows a grantee to use up to 10% to create jobs by establishing and operating a program to maintain eligible neighborhood properties. Subjects amounts appropriated, revenues generated, and amounts otherwise made available under this Act to: (1) the requirement of the Housing and Community Development Act of 1974 that all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects be paid wages at the locally prevailing rates (Davis-Bacon Act); and (2) the Secretary's authority to waive such wage rate and certain employment protection requirements with respect to grants to Indian tribes.

Bill Text

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Read S 2162 on the official United States source →

Action History

  1. Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  3. Sponsor introductory remarks on measure. (CR S1424-1425)

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

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Frequently asked questions

What does S 2162 do?
Project Rebuild Act - Appropriates funds for assistance to eligible entities, including state and local governments, and qualified nonprofit organizations, businesses or eligible consortia, for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild). Allows such grantees to give priority emphasis and consideration to areas that have lost occupiable housing stock within three years of the enactment of this Act due to the effects of presidentially declared disasters. Allows the use of funds to: (1) establish financing mechanisms for the purchase and redevelopment of abandoned and foreclosed-upon properties; (2) purchase and rehabilitate such properties; (3) establish and operate land banks for them, as well as for properties demolished or severely damaged by presidentially declared disasters; (4) demolish blighted structures (except public housing); and (5) redevelop abandoned, foreclosed, demolished, or vacant properties. Requires each state to receive at least $20 million of formula funds, all of which shall be used with respect to low and moderate-income individuals and families. Requires each state and local government grantee to establish procedures to create preferences for development of affordable rental housing. Allows a grantee to use up to 10% to create jobs by establishing and operating a program to maintain eligible neighborhood properties. Subjects amounts appropriated, revenues generated, and amounts otherwise made available under this Act to: (1) the requirement of the Housing and Community Development Act of 1974 that all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects be paid wages at the locally prevailing rates (Davis-Bacon Act); and (2) the Secretary's authority to waive such wage rate and certain employment protection requirements with respect to grants to Indian tribes.
Who sponsors S 2162?
S 2162 is sponsored by Jack Reed (D).
What is the current status of S 2162?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 2162?
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