Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S8478-8479)
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Jul 20, 2004
Affordable Housing Preservation Act of 2004 - Directs the Secretary of Housing and Urban Development to make matching grants to States (40 percent) and localities (60 percent) to supplement State and local assistance for the preservation and promotion of low-income housing.
States that grants shall be: (1) used for housing project acquisition, rehabilitation, capital expenditures, and related development costs; or (2) to eligible nonprofit entities for operational, working capital, and organizational expenses, and predevelopment activities to acquire housing that will remain affordable for low-income or very low-income families.
Sets forth eligibility requirements for: (1) projects with Department of Housing and Urban Development-insured mortgages; (2) projects with section 8 project based assistance; (3) projects purchased by residents; and (4) rural rental assistance projects.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.
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