H.R. 1397
Project Rebuild Act of 2013
Referred to the House Committee on Financial Services.
Sponsor
Rep. Waters, Maxine [D-CA-43]
Bill Details
- Update Date
- Apr 19, 2021
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 1,397
- Congress
- 113
- Introduced Date
- Mar 21, 2013
- Policy Area
- Housing and Community Development
- Is Law
- No
Referred to the House Committee on Financial Services.
Source: House floor actions
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
Project Rebuild Act of 2013 - 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 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; (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.
Sets forth Buy American requirements.
Requires all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects to be paid wages at the locally prevailing rates (Davis-Bacon Act).
Financial Services Committee
Introduced in House
Mar 21, 2013