A Republican bill with 1 Democratic cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The RESIDE Act establishes a pilot program called the Blighted Building to Housing Conversion Program. This program allows the Secretary of Housing and Urban Development to award competitive grants to eligible entities to convert vacant and abandoned buildings into attainable housing. The program utilizes excess funds from the HOME Investment Partnerships Program if those funds exceed $1.35 billion. Grants can range from $1,000,000 to $10,000,000 depending on available funding. The goal is to transform properties like warehouses, factories, or malls into housing options.
Yes· 3 of 12
- Scored +7
Does this make housing cost less?
The bill creates a specific mechanism to convert vacant buildings into attainable housing for households earning various percentages of the area median income.
- Scored +6
Would households on low incomes be better off under this?
The program focuses on creating attainable housing for households earning a significant percentage of the area median income.
- Scored +4
Would middle-income households be better off under this?
The bill targets 'attainable housing' which includes households earning up to 120 percent of the area median income.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Creation of Attainable Housing: The bill provides for the conversion of buildings into housing that serves households earning various percentages of the area median income, providing more options for those seeking affordable living (Section 2(a)(1)).
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Community Revitalization: The program aims to remove blight by converting vacant and abandoned buildings, such as warehouses, factories, or malls, into usable housing (Section s2(a)(8) and Section 2(i)(4)).
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Support for Distressed Areas: Priority is given to entities using funds in communities experiencing economic distress or in qualified opportunity zones (Section 2(e)(1) and Section 2(e)(2)).
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Comprehensive Use of Funds: Grants can be used for various necessary steps including property acquisition, demolition, health hazard remediation, and site preparation, which helps prepare neglected properties for use (Section 2(f)).
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Protection of Existing Allocations: The grants awarded through this pilot program are in addition to, and do not affect, the existing formula allocation for eligible entities under the HOME Investment Partnerships Program (Section 2(d)).
Potential Negative Impacts for People
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Conditional Funding: The pilot program's implementation is dependent on the HOME Investment Partnerships Program exceeding $1,350,000,000, meaning the program may not be fully funded if those specific thresholds are not met (Section 2(b)).
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Regulatory Waivers: The Secretary has the authority to waive or change certain statutes or regulations related to the use of the funds, provided a finding of good cause is made (Section 2(h)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — The program focuses on creating attainable housing for households earning a significant percentage of the area median income. Would middle-income households be better off under this? — The bill targets 'attainable housing' which includes households earning up to 120 percent of the area median income. Would people with disabilities be better off under this? — The bill's impact report specifically includes evaluating how the program increases access to housing for disabled individuals. Would people over 65 be better off under this? — The bill's impact report explicitly includes looking at how the program increases access to affordable housing for elderly individuals. Would veterans be better off under this, taking everything together? — The bill aims to increase access to affordable housing for veterans as part of its required impact study. Would people in their twenties and thirties be better off under this? — The focus on attainable housing provides more options for younger populations entering the housing market.
- Social Issues And Justice
- Does this make housing cost less? — The bill creates a specific mechanism to convert vacant buildings into attainable housing for households earning various percentages of the area median income. Is this likely to reduce homelessness? — By increasing the supply of attainable housing, the program provides more options for vulnerable populations.
- Economy And Finance
- Is this likely to grow the economy? — The program aims to revitalize communities by converting blighted, abandoned commercial properties into productive housing assets. Is this likely to create jobs? — The conversion of large vacant buildings into housing through property acquisition, demolition, and construction is likely to create construction and development jobs.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — The bill prioritizes communities in economic distress, which may include rural areas needing revitalization.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The Secretary is required to submit a public report to Congress on the impact of the pilot program.
- 7/24/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mark WarnerDemocrat · Virginia