HR 7103
National Land Bank Network Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill establishes a national network to support local land banks, which are entities that acquire and repurpose vacant and abandoned properties. The Neighborhood Reinvestment Corporation will oversee this network, providing technical assistance, grant programs, and research to help land banks improve their operations and revitalize communities. The goal is to address the negative impacts of these properties, such as safety hazards and declining property values, particularly in low-income and minority neighborhoods.
Sponsors
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Primary sponsor
Daniel T. Kildee
Cosponsors
A. Drew, IV Ferguson
Cheri Bustos
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