House Financial Services Committee

Build Back Better Act: Financial Services (Affordable Housing and Sustainable Communities), Day 2

2128 Rayburn
Tue, 14 Sep 2021 14:45:00 GMT

The full Committee will convene to mark up the following measures, in an order to be determined by the Chairwoman at 12 p.m. on Monday, September 13, 2021, and subsequent days if necessary, in a hybrid format in room 2128 of the Rayburn House Office Building as well as on the WebEx platform.

  • Reconciliation Pursuant to S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022; H.R. 5195 and H.R. 5196


The Committee Print being considered at this markup provides more than $300 billion in funding for new and existing federal housing programs designed to provide a comprehensive response to address our nation’s urgent housing needs including the national eviction and homelessness crisis, particularly among the lowest income families, people with disabilities, millennials, and people of color. It includes targeted funding streams for new construction, rehabilitation/preservation, rental assistance, downpayment assistance, green housing, fair housing enforcement, among other investments.

Includes, among other provisions:
  • $80 billion for public housing preservation and creation, improvements to energy and water efficiency or climate resilience, or removal of health and safety hazards in public housing
  • $6 billion to fund projects that improve the energy or water efficiency, implement green features, including clean energy generation or building electrification, electric car charging station installations, or address climate resilience of multi-family properties
  • $1 billion for block grants for disaster recovery
  • cancellation of the debt of the National Flood Insurance Program, and $3 billion for flood risk mapping