To establish a pilot program to convert blighted buildings into housing.
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
The bill establishes the Blighted Building to Housing Conversion Program, a pilot grant program providing $1-10 million competitive grants to local governments for converting vacant commercial and industrial buildings into. It relies on grants, definition changes, exemptions, and reporting requirements. The main policy areas are Housing and Finance.
Who Benefits and How
Local governments and housing authorities (participating jurisdictions under Cranston-Gonzalez Act) could gain revenue opportunities, Low and moderate-income households (60-120% AMI) could see lower costs, and Communities in economically distressed areas and Opportunity Zones could gain revenue opportunities.
Who Bears the Burden and How
HUD - Department of Housing and Urban Development would take on compliance duties.
Key Provisions
- Establishes the Blighted Building to Housing Conversion Program, a pilot grant program providing $1-10 million competitive grants to local governments for converting vacant commercial and industrial buildings into...
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
The bill establishes the Blighted Building to Housing Conversion Program, a pilot grant program providing $1-10 million competitive grants to local governments for converting vacant commercial and industrial buildings into.
Key Policy Areas
Housing, Finance
Primary Purpose
The bill establishes the Blighted Building to Housing Conversion Program, a pilot grant program providing $1-10 million competitive grants to local governments for converting vacant commercial and industrial buildings into.
Policy Domains
Blighted Building to Housing Conversion Program
Identified Gains
- Local governments and housing authorities (participating jurisdictions under Cranston-Gonzalez Act)
- Low and moderate-income households (60-120% AMI)
- Communities in economically distressed areas and Opportunity Zones
- Property developers and construction companies engaged in housing conversion projects
- Community land trusts
Identified Costs
- HUD - Department of Housing and Urban Development
Sponsors
Jim Banks
R-IN | Primary Sponsor
Legislative Progress
IntroducedMr. Banks (for himself and Mr. Warner) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Property developers and construction companies engaged in housing conversion projects
Communities in economically distressed areas and Opportunity Zones
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
Housing serving households earning 80-120% of area median income, with majority of units affordable to households at 60-80% AMI
A participating jurisdiction as defined in section 104 of the Cranston-Gonzalez National Affordable Housing Act
Property constructed for warehouse, factory, mall, strip mall, hotel, or other commercial/industrial use that is either (1) deemed unsafe by code enforcement with no corrective action after 90 days, or (2) subject to court-ordered receivership or meets state definition of abandoned property
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