Affordable CO-OP (Collective Opportunities for Owning Property) Act
Latest action · May 11, 2022 Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 10, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 6
Members who signed on, in the order they did. All signed on May 10, 2022.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Alexandria Ocasio-Cortez | Original | May 10, 2022 |
| D-NJ | Bonnie Watson Coleman | Original | May 10, 2022 |
| D-MN | Ilhan Omar | Original | May 10, 2022 |
| D-NY | Mondaire Jones | Original | May 10, 2022 |
| D-MI | Rashida Tlaib | Original | May 10, 2022 |
| D-NY | Yvette D. Clarke | Original | May 10, 2022 |
Actions 3
Everything that happened, newest first.
- May 11, 2022Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
- May 10, 2022Introduced in House
- May 10, 2022Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Energy and Commerce, 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.
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Adult day care
- Air quality
- Building construction
- Child care and development
- Climate change and greenhouse gases
- Community life and organization
- Cooperative and condominium housing
- Department of Housing and Urban Development
- Disaster relief and insurance
- Emergency medical services and trauma care
- Energy efficiency and conservation
- Executive agency funding and structure
- Government lending and loan guarantees
- Housing and Community Development
- Housing and community development funding
- Housing discrimination
- Housing finance and home ownership
- Housing for the elderly and disabled
- Housing supply and affordability
- Infectious and parasitic diseases
- Internet, web applications, social media
- Labor standards
- Landlord and tenant
- Low- and moderate-income housing
- Residential rehabilitation and home repair
- State and local government operations
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- May 10, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
