The money may pay for acquisition, demolition, cleanup, and construction
What the document says“``(1) property acquisition; ``(2) demolition; ``(3) health hazard remediation; ``(4) site preparation; ``(5) construction, renovation, or rehabilitation; or ``(6) the establishment, maintenance, or expansion of community land trusts or housing cooperatives.”
The new section 227 lets an eligible entity use a grant for property acquisition, demolition, health hazard remediation, site preparation, construction, renovation, or rehabilitation, or for setting up, keeping, or expanding community land trusts or housing cooperatives.
What the document actually says“``(1) property acquisition; ``(2) demolition; ``(3) health hazard remediation; ``(4) site preparation; ``(5) construction, renovation, or rehabilitation; or ``(6) the establishment, maintenance, or expansion of community land trusts or housing cooperatives.”
The money can buy the property. It can tear parts of it down. It can clear out things that harm health. It can ready the site and pay for the building work.
It can also go to a community land trust or a housing cooperative. Those are ways a group of people own housing together. The law lets money start one, keep one, or grow one.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.