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Increase the supply of housing in AmericaSection 501 › Proposal

The deadline for drawing trust funds is removed

To increase the supply of housing in America, and for other purposes, section 501, Sec. 501. Written by .

The deadline for drawing trust funds is removed

The document says “is amendedWho acts: CongressHow: statuteSec. 501 in the PDF
What the document says

“(1) by striking subsection (g); and (2) by redesignating subsection (h) as subsection (g).”

To increase the supply of housing in America, and for other purposes, Sec. 501

The section strikes subsection (g) of section 218 of the Cranston-Gonzalez National Affordable Housing Act, which carried the expiration of the right to draw HOME Investment Trust Fund money, and redesignates the following subsection.

What the document actually says

“(1) by striking subsection (g); and (2) by redesignating subsection (h) as subsection (g).”

To increase the supply of housing in America, and for other purposes, Sec. 501
That sentence, in plain words

One part of an older law is struck out. The part after it moves up to take its place.

What this is about

The struck part set a deadline for drawing the money. After it a place lost the right. That deadline is now gone.

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.

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