119-hr5591

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5591 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 5591

 To establish a pilot program to convert blighted buildings into 
 housing.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 September 26, 2025

 Mr. Liccardo (for himself, Ms. Salazar, Mr. Olszewski, and Mr. 
 Fitzpatrick) introduced the following bill; which was referred to the 
 Committee on Financial Services

_______________________________________________________________________

 A BILL

 To establish a pilot program to convert blighted buildings into 
 housing.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Revitalizing Empty Structures Into 
Desirable Environments Act'' or the ``RESIDE Act''.

SEC. 2. BLIGHTED BUILDING TO HOUSING CONVERSION PROGRAM.

    (a) 

=== Definitions. ===
-In this section:

    (1) Attainable housing.--The term ``attainable housing'' 
 means housing that--
        (A) serves households earning not more than 100 
 percent of the area median income, if a majority of the 
 housing units are affordable to households earning not 
 more than 80 percent of the area median income; or
        (B) serves households earning not more than 120 
 percent of the area median income, if the majority of 
 the housing units are affordable to households earning 
 not more than 60 percent of the area median income.

    (2) Converted housing unit.--The term ``converted housing 
 unit'' means a housing unit that is created using a covered 
 grant.

    (3) Covered grant.--The term ``covered grant'' means a 
 grant awarded under the Pilot Program.

    (4) Eligible entity.--The term ``eligible entity'' means a 
 participating jurisdiction, as that term is defined in 

section 104 of the Cranston-Gonzalez National Affordable Housing Act 
 (42 U.S.C. 12704).

    (5) HOME investment partnerships program.--The term ``HOME 
 Investment Partnerships Program'' means the program under 
 subtitle A of title II of the Cranston-Gonzalez National 
 Affordable Housing Act (42 U.S.C. 12741 et seq.).

    (6) Pilot program.--The term ``Pilot Program'' means the 
 Blighted Building to Housing Conversion Program carried out 
 under subsection

    (b) .

    (7) Secretary.--The term ``Secretary'' means the Secretary 
 of Housing and Urban Development.

    (8) Vacant and abandoned building.--The term ``vacant and 
 abandoned building'' means a property--
        (A) that was constructed for use as a warehouse, 
 factory, mall, strip mall, or hotel, or for another 
 industrial or commercial use; and
        (B)
            (i) with respect to which--
            (I) a code enforcement inspection has 
 determined that the property is not safe; and
            (II) not less than 90 days have elapsed 
 since the owner was notified of the 
 deficiencies in the property and the owner has 
 taken no corrective action; or
            (ii) that is subject to a court-ordered 
 receivership or nuisance abatement related to 
 abandonment pursuant to State or local law or otherwise 
 meets the definition of an abandoned property under 
 State law.

    (b) Grant Program.--For each of fiscal years 2027 through 2031, if 
the amounts made available to carry out the HOME Investment 
Partnerships Program exceed $1,350,000,000, the Secretary may use not 
more than $100,000,000 of the excess amounts to carry out a pilot 
program, to be known as the ``Blighted Building to Housing Conversion 
Program'', under which the Secretary awards grants on a competitive 
basis to eligible entities to convert vacant and abandoned buildings 
into attainable housing.
            (c) Amount of Grant.--

    (1) In general.--For any fiscal year for which $100,000,000 
 is available to carry out the Pilot Program pursuant to 
 subsection

    (b) , the amount of a covered grant shall be not less 
 than $1,000,000 and not more than $10,000,000.

    (2) Fiscal years with lower funding.--For any fiscal year 
 for which less than $100,000,000 is available to carry out the 
 Pilot Program pursuant to subsection

    (b) , the Secretary shall 
 seek to maximize the number of covered grants awarded.
            (d) Relation to HOME Investment Partnerships Program Formula 
Allocation.--A covered grant awarded to an eligible entity shall be in 
addition to, and shall not affect, the formula allocation for the 
eligible entity under the HOME Investment Partnerships Program.

    (e) Priority.--In awarding covered grants, the Secretary shall give 
priority to an eligible entity that--

    (1) will use the covered grant in a community that is 
 experiencing economic distress;

    (2) will use the covered grant in a qualified opportunity 
 zone (as defined in 

section 1400Z-1

    (a) of the Internal Revenue 
 Code of 1986);

    (3) will use the covered grant to construct housing that 
 will serve a need identified in the comprehensive housing 
 affordability strategy and community development plan of the 
 eligible entity under part 91 of title 24, Code of Federal 
 Regulations, or any successor regulation (commonly referred to 
 as a ``consolidated plan''); or

    (4) has enacted ordinances to reduce regulatory barriers to 
 conversion of commercial or industrial properties to housing, 
 which shall not include any alteration of an ordinance that 
 governs safety and habitability.

    (f) Use of Funds.--An eligible entity may use a covered grant for--

    (1) property acquisition;

    (2) demolition;

    (3) health hazard remediation;

    (4) site preparation;

    (5) construction, renovation, or rehabilitation; or

    (6) the establishment, maintenance, or expansion of 
 community land trusts.

    (g) Applicability of HOME Requirements.--The requirements for 
rental, sale, and resale of housing under the HOME Investment 
Partnerships Program shall apply to rental, sale, and resale of 
converting housing units under the Pilot Program.

    (h) Waiver Authority.--In administering covered grants, the 
Secretary may waive, or specify alternative requirements for, any 
statute or regulation that the Secretary administers in connection with 
the obligation by the Secretary or the use by eligible entities of 
covered grant funds (except for requirements related to fair housing, 
nondiscrimination, labor standards, or the environment) if the 
Secretary makes a public finding that good cause exists for the waiver 
or alternative requirement.
            (i) Study; Report.--Not later than 180 days after the termination 
of the Pilot Program, the Secretary shall study and submit a report to 
Congress on the impact of the Pilot Program on--

    (1) improving the tax base of local communities;

    (2) increasing access to affordable housing, especially for 
 elderly individuals, disabled individuals, and veterans;

    (3) increasing homeownership; and

    (4) removing blight.
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