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POSITIVE Housing & Affordability 118th Congress

H.R.9662 Homes Act of 2024

Homes Act — authorizes federal acquisition of distressed properties to convert into permanently affordable housing (118th Congress)

View on Congress.gov

Legal & Constitutional Grounding

NLIHC documents 7.3M-unit affordable housing gap; HUD's NSP demonstrates federal distressed property conversion works.

NLIHC Gap Report (2024) — shortage of 7.3 million affordable and available rental homes for extremely low-income renters; 75% of ELI renters are severely cost-burdened (50%+ of income on rent)
  • Freddie Mac (2024) — U.S. housing deficit of 3.7 million units
  • HUD Neighborhood Stabilization Program evaluation — federal acquisition of distressed properties successfully converted foreclosed homes to affordable units across multiple metro areas ($3.92B authorized)
  • NLIHC — in 13 of the 50 largest metro areas, the shortage of affordable homes for ELI renters exceeds 100,000 units each

Bill activity

Introduced Sep 18, 2024 by Alexandria Ocasio-Cortez (D-NY) with 35 original cosponsors. 43 cosponsors as of Dec 19, 2024.

Rep. Pat Ryan (D-NY-18) is not listed among the cosponsors of this bill.
  1. IntroducedSep 18, 2024
  2. Passed House 
  3. Passed Senate 
  4. To President 
  5. Became Law 

Latest action Sep 18, 2024: Referred to the House Committee on Financial Services.

Cosponsors during the cosponsorship window

118th Congress (Jan 2023 to Jan 2025)

Oct 2024NovDecJan 2025Sep 18, 2024Jan 3, 2025 (closed)35 originalAlma S. Adams (D-NC-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Ayanna Pressley (D-MA-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Barbara Lee (D-CA-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Becca Balint (D-VT). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Bonnie Watson Coleman (D-NJ-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Cori Bush (D-MO-1). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Danny K. Davis (D-IL-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Delia C. Ramirez (D-IL-3). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Eleanor Holmes Norton (D-DC). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Greg Casar (D-TX-35). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Henry C. "Hank" Johnson (D-GA-4). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Ilhan Omar (D-MN-5). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jamaal Bowman (D-NY-16). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.James P. McGovern (D-MA-2). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jamie Raskin (D-MD-8). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Janice D. Schakowsky (D-IL-9). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jasmine Crockett (D-TX-30). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jesús G. "Chuy" García (D-IL-4). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jill N. Tokuda (D-HI-2). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jimmy Gomez (D-CA-34). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Juan Vargas (D-CA-52). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Kevin Mullin (D-CA-15). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Mary Sattler Peltola (D-AK). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Maxwell Frost (D-FL-10). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Melanie A. Stansbury (D-NM-1). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Nydia M. Velázquez (D-NY-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Pramila Jayapal (D-WA-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Rashida Tlaib (D-MI-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Raúl M. Grijalva (D-AZ-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Robert Garcia (D-CA-42). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Sheila Cherfilus-McCormick (D-FL-20). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Summer L. Lee (D-PA-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Susan Wild (D-PA-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Sylvia R. Garcia (D-TX-29). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Troy A. Carter (D-LA-2). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Judy Chu (D-CA-28). Cosponsored Sep 19, 2024, 1 day after introduction.Ro Khanna (D-CA-17). Cosponsored Sep 19, 2024, 1 day after introduction.Jahana Hayes (D-CT-5). Cosponsored Sep 25, 2024, 7 days after introduction.Betty McCollum (D-MN-4). Cosponsored Oct 15, 2024, 27 days after introduction.Valerie P. Foushee (D-NC-4). Cosponsored Oct 15, 2024, 27 days after introduction.Ted Lieu (D-CA-36). Cosponsored Nov 8, 2024, 51 days after introduction.Adam Smith (D-WA-9). Cosponsored Nov 12, 2024, 55 days after introduction.Nanette Diaz Barragán (D-CA-44). Cosponsored Dec 19, 2024, 92 days after introduction. Nov 2024DecSep 18, 2024Jan 3, 2025 (closed)35 originalAlma S. Adams (D-NC-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Ayanna Pressley (D-MA-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Barbara Lee (D-CA-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Becca Balint (D-VT). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Bonnie Watson Coleman (D-NJ-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Cori Bush (D-MO-1). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Danny K. Davis (D-IL-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Delia C. Ramirez (D-IL-3). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Eleanor Holmes Norton (D-DC). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Greg Casar (D-TX-35). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Henry C. "Hank" Johnson (D-GA-4). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Ilhan Omar (D-MN-5). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jamaal Bowman (D-NY-16). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.James P. McGovern (D-MA-2). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jamie Raskin (D-MD-8). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Janice D. Schakowsky (D-IL-9). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jasmine Crockett (D-TX-30). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jesús G. "Chuy" García (D-IL-4). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jill N. Tokuda (D-HI-2). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Jimmy Gomez (D-CA-34). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Juan Vargas (D-CA-52). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Kevin Mullin (D-CA-15). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Mary Sattler Peltola (D-AK). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Maxwell Frost (D-FL-10). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Melanie A. Stansbury (D-NM-1). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Nydia M. Velázquez (D-NY-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Pramila Jayapal (D-WA-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Rashida Tlaib (D-MI-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Raúl M. Grijalva (D-AZ-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Robert Garcia (D-CA-42). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Sheila Cherfilus-McCormick (D-FL-20). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Summer L. Lee (D-PA-12). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Susan Wild (D-PA-7). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Sylvia R. Garcia (D-TX-29). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Troy A. Carter (D-LA-2). Cosponsored Sep 18, 2024, on the day of introduction. Original cosponsor.Judy Chu (D-CA-28). Cosponsored Sep 19, 2024, 1 day after introduction.Ro Khanna (D-CA-17). Cosponsored Sep 19, 2024, 1 day after introduction.Jahana Hayes (D-CT-5). Cosponsored Sep 25, 2024, 7 days after introduction.Betty McCollum (D-MN-4). Cosponsored Oct 15, 2024, 27 days after introduction.Valerie P. Foushee (D-NC-4). Cosponsored Oct 15, 2024, 27 days after introduction.Ted Lieu (D-CA-36). Cosponsored Nov 8, 2024, 51 days after introduction.Adam Smith (D-WA-9). Cosponsored Nov 12, 2024, 55 days after introduction.Nanette Diaz Barragán (D-CA-44). Cosponsored Dec 19, 2024, 92 days after introduction.
Democratic 43

Each dot is one cosponsor. Dots stack by sign-on day, or by week when the window is long. The block at the left holds the original cosponsors.

Cosponsorship closed Jan 3, 2025 (118th Congress): the Congress ended with the bill still in committee.

Activity log

Source: Congress.gov actions
  1. Introduced in House
  2. Referred to the House Committee on Financial Services.
  3. 35 original cosponsors on the day of introduction
  4. 2 members cosponsored
  5. Jahana Hayes cosponsored (D-CT)
  6. 2 members cosponsored
  7. Ted Lieu cosponsored (D-CA)
  8. Adam Smith cosponsored (D-WA)
  9. Nanette Diaz Barragán cosponsored (D-CA)

Votes on this bill

No recorded votes yet on this measure.

Cosponsors

43 cosponsored

Sponsor Introduced by Alexandria Ocasio-Cortez (D-NY) on Sep 18, 2024

MemberParty/StateDateDays after introductionOriginalGrade
Alma S. AdamsD-NCSep 18, 20240OriginalD
Ayanna PressleyD-MASep 18, 20240OriginalC
Barbara LeeD-CASep 18, 20240Original—
Becca BalintD-VTSep 18, 20240OriginalB+
Bonnie Watson ColemanD-NJSep 18, 20240OriginalB+
Cori BushD-MOSep 18, 20240Original—
Danny K. DavisD-ILSep 18, 20240OriginalC+
Delia C. RamirezD-ILSep 18, 20240OriginalA+
Eleanor Holmes NortonD-DCSep 18, 20240Original—
Greg CasarD-TXSep 18, 20240OriginalC+
Henry C. "Hank" JohnsonD-GASep 18, 20240OriginalC+
Ilhan OmarD-MNSep 18, 20240OriginalA-
Jamaal BowmanD-NYSep 18, 20240Original—
James P. McGovernD-MASep 18, 20240OriginalA-
Jamie RaskinD-MDSep 18, 20240OriginalD
Janice D. SchakowskyD-ILSep 18, 20240OriginalC-
Jasmine CrockettD-TXSep 18, 20240OriginalD
Jesús G. "Chuy" GarcíaD-ILSep 18, 20240OriginalC+
Jill N. TokudaD-HISep 18, 20240OriginalC
Jimmy GomezD-CASep 18, 20240OriginalA-
Juan VargasD-CASep 18, 20240OriginalB+
Kevin MullinD-CASep 18, 20240OriginalC+
Mary Sattler PeltolaD-AKSep 18, 20240Original—
Maxwell FrostD-FLSep 18, 20240OriginalC
Melanie A. StansburyD-NMSep 18, 20240OriginalC+
Nydia M. VelázquezD-NYSep 18, 20240OriginalC+
Pramila JayapalD-WASep 18, 20240OriginalB+
Rashida TlaibD-MISep 18, 20240OriginalA-
Raúl M. GrijalvaD-AZSep 18, 20240Original—
Robert GarciaD-CASep 18, 20240OriginalC-
Sheila Cherfilus-McCormickD-FLSep 18, 20240OriginalD
Summer L. LeeD-PASep 18, 20240OriginalC+
Susan WildD-PASep 18, 20240Original—
Sylvia R. GarciaD-TXSep 18, 20240OriginalB+
Troy A. CarterD-LASep 18, 20240OriginalC
Judy ChuD-CASep 19, 20241A
Ro KhannaD-CASep 19, 20241C
Jahana HayesD-CTSep 25, 20247D
Betty McCollumD-MNOct 15, 202427C
Valerie P. FousheeD-NCOct 15, 202427C
Ted LieuD-CANov 8, 202451B+
Adam SmithD-WANov 12, 202455F
Nanette Diaz BarragánD-CADec 19, 202492C+

Homes Act — authorizes federal acquisition of distressed properties for permanently affordable housing. Converting distressed properties into permanently affordable units addresses both neighborhood blight and the severe rental shortage.