H.R. 6347, The HOPE VI Amendment Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 6347 would facilitate the use of HOPE VI grant amounts by certain public housing agencies that have suffered project delays due to catastrophes or emergencies.

Detailed Summary

HOPE VI Amendment Act of 2008 - Continues through September 30, 2009, the availability of amounts appropriated for FY2002 for grants to certain public housing agencies for public housing demolition, site revitalization, replacement housing, and tenant-based assistance (HOPE VI grants).

Makes eligible for such continued grant availability any public housing agencies that since October 1, 2002, have suffered project delays, and cost increases due to shortages in labor and materials, as a result of natural catastrophes, fire, flood, explosion, or the 2007-2008 subprime mortgage crisis.

Status of the Legislation

Latest Major Action: 6/23/2008: Referred to House committee. Status: Referred to the House Committee on Financial Services.

Points in Favor

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Points Against

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