To facilitate the development of fair and affordable housing, decrease housing costs, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To facilitate the development of fair and affordable housing, decrease housing costs, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Housing, Civil Rights.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H9CFC99B6B51A4BCA86F47D7861A9C1BB: 1. Short title; table of contents This Act may be cited as the Housing Crisis Response Act of 2023. The table of contents for this Act is as follows:
- Section H405429A5AA614B4284EAADFACA4F1985: 101. Public housing investments In addition to amounts otherwise made available, there is appropriated to the Secretary of Housing and Urban Development (in...
- Section H387FEE92F50E4CA88360F9D709614202: 102. Investments in affordable and accessible housing production In addition to amounts otherwise made available, there is appropriated to the Secretary of...
- Section H3EB8D7EAA7FA4E0B8C3916CE8525D427: 103. Housing investment fund In addition to amounts otherwise available, there is appropriated for fiscal year 2024, out of any money in the Treasury not...
- Section H66FB8E137BC74FB4B501A9DF3D4E99CF: 104. Section 811 supportive housing for people with disabilities In addition to amounts otherwise available, there is appropriated to the Secretary of Housing...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To facilitate the development of fair and affordable housing, decrease housing costs, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Housing, Civil Rights
Primary Purpose
This bill, To facilitate the development of fair and affordable housing, decrease housing costs, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Waters introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "administrator_of_fema"
- → Administrator of the Federal Emergency Management Agency
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_agriculture"
- → Secretary of Agriculture
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
residential property for which title passed by operation of law through intestacy and is held by two or more heirs as tenants in common. The term ownership interest means any ownership, excluding any interest in heir property, in— real estate in fee simple
the Administrator of the Federal Emergency Management Agency. The term covered property means— a primary residential dwelling designed for the occupancy of from 1 to 4 families
a property receiving project-based assistance pursuant to— section 202 of the Housing Act of 1959 (12 U.S.C. 1701q)
a forward mortgage that— has an original principal balance of $100,000 or less
a dwelling unit that— is— a detached single-family house
a homebuyer— having an annual household income that is less than or equal to— 120 percent of median income, as determined by the Secretary, for— the area in which the home to be acquired using such assistance is located
a partnership of— a grantee under paragraph (2) or (4) of section 106(a) or section 106(d) of the Housing and Community Development Act of 1974 (42 U.S.C. 5306(a)(2), (a)(4), and (d))
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology