H.R. 10213 (IH) – Whole-Home Repairs Act of 2024
Introduction:
On November 28, 2024, the United States Congress introduced H.R. 10213, known as the “Whole-Home Repairs Act of 2024.” The bill aims to provide financial assistance for comprehensive repairs to homes owned and occupied by low- and moderate-income families.
Purpose and Provisions:
The purpose of H.R. 10213 is to address the significant need for home repairs among low-income households. The bill provides for the establishment of a grant program within the Department of Housing and Urban Development (HUD) to fund comprehensive home repairs for eligible homeowners.
Eligible repairs under the bill include essential structural improvements, roof replacements, electrical and plumbing upgrades, energy efficiency retrofits, and other necessary repairs that would significantly improve the health, safety, and habitability of the home.
Eligibility Criteria:
To be eligible for a grant under the Whole-Home Repairs Act of 2024, applicants must meet the following criteria:
- Own and occupy the home for which repairs are sought
- Have an annual household income below 80% of the area median income
- Demonstrate a need for comprehensive home repairs that would address significant health and safety hazards
Funding and Grant Allocation:
The bill authorizes $1 billion in funding for the grant program over a five-year period. Grants will be awarded competitively based on factors such as the severity of repair needs, the applicant’s financial hardship, and the impact of the repairs on the homeowner’s health and safety.
Impact and Benefits:
The Whole-Home Repairs Act of 2024 is expected to have a significant impact on the lives of low- and moderate-income homeowners. By providing financial assistance for comprehensive repairs, the bill aims to:
- Improve the health and safety of homes
- Reduce the incidence of costly emergency repairs
- Enhance the value of homes and neighborhoods
- Promote economic stability and reduce housing insecurity
Current Status:
As of November 28, 2024, H.R. 10213 has been introduced in the House of Representatives and referred to the Committee on Financial Services. The bill has bipartisan support and is endorsed by several housing advocacy groups. Its progress through the legislative process will be closely monitored in the coming months.
H.R. 10213 (IH) – Whole-Home Repairs Act of 2024
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Congressional Bills a new article on 2024-11-28 00:36 titled “H.R. 10213 (IH) – Whole-Home Repairs Act of 2024”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
4