HR 3178
GREATER Revitalization of Shopping Centers Act of 2023
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Bill overview
This bill, the GREATER Revitalization of Shopping Centers Act of 2023, aims to combat blight associated with abandoned shopping centers by allowing the Department of Housing and Urban Development (HUD) to provide matching grants. These grants, funded through the Section 108 Loan Guarantee Program, can be used to redevelop facilities that meet specific criteria, such as having a large number of vacant storefronts or significant vacant large chain stores. The bill also requires the Government Accountability Office to assess the program’s effectiveness and recommend improvements, while encouraging local community engagement and prioritizing projects benefiting underserved communities.
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