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Code · BILL · 118th Congress · S. 4824 (Introduced in Senate) — To make housing more affordable, and for other purposes. · Sec. 1

Sec. 1. Short title; table of contents

303 words·~1 min read·/bill/118/s/4824/is/section-1

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This Act may be cited as the . American Housing and Economic Mobility Act of 2024 The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I—Making housing more affordable Sec. 101. Local housing innovation grants. Sec. 102. Investing in affordable housing infrastructure. Sec. 103. Conditions for the sale of real estate-owned properties and non-performing loans. TITLE II—Taking the first steps to reverse the legacy of housing discrimination and government negligence Sec. 201.
Down payment assistance program for first-time homebuyers. Sec. 202. Formula grant program for communities with an appraisal gap. Sec. 203. Strengthening the Community Reinvestment Act of 1977. Sec. 204. Amendments relating to credit union service to underserved areas. Sec. 205. Raising public welfare caps. Sec. 206. Temporary eligibility of certain direct descendants of certain veterans for housing loans guaranteed by the Secretary of Veterans Affairs. TITLE III—Removing barriers that isolate communities Sec. 301.
Expanding rights under the Fair Housing Act. Sec. 302. Improving outcomes in housing assistance programs. TITLE IV—Estate tax reform Sec. 401. Amendment to Internal Revenue Code of 1986. Sec. 402. Rate adjustment. Sec. 403. Required minimum 10-year term, etc., for grantor retained annuity trusts. Sec. 404. Certain transfer tax rules applicable to grantor trusts. Sec. 405. Elimination of generation-skipping transfer tax exemption for transfers to certain persons. Sec. 406. Simplifying gift tax exclusion for annual gifts.
Sec. 407. Clarification regarding disallowance of step-up in basis for property held in certain grantor trusts. Sec. 408. Limitation on discounts; valuation rules for certain transfers of nonbusiness assets. Sec. 409. Surcharge on high income estates and trusts. Sec. 410. Modification of rules for value of certain farm, etc., real property. Sec. 411. Modification of estate tax rules with respect to land subject to conservation easements. TITLE V—Accessibility requirements Sec. 501.
Accessibility requirements.
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