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HR 8583 United States House · 118th Congress

Community Development Block Grant Equity Act of 2024

The Community Development Block Grant Equity Act of 2024 revises how federal CDBG funds are distributed to prioritize communities facing greater socioeconomic challenges. It introduces a new formula weighting four key factors: poverty rates (counted five times), older housing occupied by poor households (counted three times), and female-headed households with children or housing overcrowding (each counted once). The bill authorizes $3.425 billion for fiscal year 2025 (adjusted annually for inflation), with similar funding levels for 2026-2028. This change directly affects metropolitan cities, urban counties, and nonentitlement areas receiving CDBG grants by directing more resources to communities with higher concentrations of these specific needs.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAuthorizes $3.425B for community development funding, prioritizing socioeconomic challenges via revised distribution formula, aligning with 'funds essential programs' indicator.95% confidence ✓ HousingSupports HousingPrioritizes CDBG funds for communities with high poverty, older housing in poor households, and overcrowding, directing $3.425B to address housing challenges.92% confidence
Sub-Topics: Community Development Housing Finance Affordable Housing Tags: Urban Areas
Bill status in committee 1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 31, 2024 Last action May 31, 2024
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Full legislative history

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Total actions
2
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0
Committee
1
May 31, 2024
House · Referred to committee
Referred to the House Committee on Financial Services.
May 31, 2024
House · Introduced
Introduced in House
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Steve Cohen
Steve Cohen
DDemocratic
TN
9