Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 7697

BillFederalHouseIn Committee
To support the development of limited equity cooperatives in the United States, and for other purposes.
About This Bill
Committee
Latest Action · May 11, 2022
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Congress
117th (2021–2023)
Introduced
May 10, 2022
Cosponsors (6)
6D 0R
View PDF ↗

Summary

Highlight any text to annotate
Affordable CO-OP (Collective Opportunities for Owning Property) Act This bill expands access to financing through zero-interest loans and federally backed mortgages for, and otherwise supports, limited equity cooperatives. These are models of affordable homeownership in which residents purchase a share in a residential development and commit to resell their share at a price that maintains affordability.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.