To authorize the Secretary of Housing and Urban Development to establish a program enabling communities to better leverage resources to address health, economic development, and conservation concerns through needed investments in parks, recreational areas, facilities, and programs, and for other purposes.
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Committee
Latest Action · December 10, 2024
Referred to the Committee on Financial Services, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
# Community Parks Revitalization Act Summary
This bill creates two federal programs to help communities invest in parks and recreation infrastructure. The first program authorizes the Department of Housing and Urban Development to award competitive grants to eligible local governments for rehabilitation and construction of parks and recreational facilities, innovative recreation programs, and local park recovery planning. Projects must address community needs like improving health outcomes, reducing crime, expanding access for underserved populations, and promoting environmental sustainability. Grants require local matching funds of at least 43 percent, though states can provide additional incentive matches up to 15 percent. The second program establishes a loan and loan guarantee initiative for larger parks and recreation infrastructure projects that can generate revenue, with federal loans capped at 49 percent of project costs. Both programs are intended to run through fiscal year 2034 for grants and 2029 for loans, though specific funding amounts are not specified for the grant program. The bill requires grantees to submit five-year park recovery action plans demonstrating their commitment to maintaining funded facilities and improving overall park systems.
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