Keep Your Home and Prevent Homelessness Act of 2021

Keep Your Home and Prevent Homelessness Act of 2021

This bill allows the Department of the Treasury to transfer Troubled Asset Relief Program funds to the Department of Housing and Urban Development's Housing Trust Fund. This fund provides grants to states to (1) increase and preserve the supply of rental housing for extremely low-income and very low-income families, including homeless families; and (2) increase homeownership for extremely low-income and very low-income families.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2292 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 2292

To amend the Emergency Economic Stabilization Act of 2008 to authorize 
use of amounts under the Troubled Assets Relief Program to be used for 
    assistance under the Housing Trust Fund, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 29, 2021

 Mrs. Torres of California (for herself, Mr. Takano, Mrs. Hayes, Mrs. 
Napolitano, Mr. Vela, Ms. Norton, Mr. Hastings, Ms. Lee of California, 
 Mrs. Watson Coleman, Mr. Cohen, Ms. McCollum, Mr. Garcia of Illinois, 
    Mrs. Beatty, Ms. Wilson of Florida, Ms. Titus, and Mr. Levin of 
 California) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Emergency Economic Stabilization Act of 2008 to authorize 
use of amounts under the Troubled Assets Relief Program to be used for 
    assistance under the Housing Trust Fund, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Keep Your Home and Prevent 
Homelessness Act of 2021''.

SEC. 2. USE OF TARP AMOUNTS.

    (a) In General.--The Emergency Economic Stabilization Act of 2008 
is amended by inserting after section 110 (12 U.S.C. 5220) the 
following new section:

``SEC. 110A. OTHER ASSISTANCE.

    ``Notwithstanding section 115(a), section 120, or any other 
provision of law, the Secretary may transfer any amounts made available 
under this title that are not otherwise obligated to the Secretary of 
Housing and Urban Development for deposit in and use only to provide 
assistance under the Housing Trust Fund under section 1338 of the 
Housing and Community Development Act of 1992 (12 U.S.C. 4568).''.
    (b) Clerical Amendment.--The table of contents in section 1(b) of 
the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5201 note) 
is amended by inserting after the item relating to section 110 the 
following new item:

``110A. Other assistance.''.
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