RESIDE Act
Sponsored By: Representative Liccardo
Introduced
Summary
This bill would create a Blighted Building to Housing Conversion Program to turn vacant commercial and industrial properties into attainable housing. It sets who qualifies for those homes, funds competitive grants through the HOME program, and lets HUD waive certain rules to speed up conversions.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Grants to turn empty buildings into homes
From 2027 to 2031, HUD would run a pilot to convert vacant commercial or industrial buildings into homes. It would use up to $100 million a year, but only when HOME funding tops $1.35 billion. When $100 million is available, each grant would be $1 million to $10 million; with less, HUD would try to fund more sites. Money could pay for buying sites, demolition, hazard cleanup, site work, and construction or rehab; it could also support community land trusts. Grants would not cut a city or state's regular HOME allocation, and HOME rent and resale rules would apply to the new units. HUD would favor distressed areas, Opportunity Zones, projects named in the local housing plan, and places that cut red tape for conversions. HUD could waive some rules for good cause, but not fair housing, nondiscrimination, labor, or environmental rules. HUD would report to Congress within 180 days after the pilot ends.
Income and property rules for conversions
This bill would set who these homes serve and which buildings can be used. Projects could serve households up to 100% of area median income (AMI), with most units affordable at or below 80% of AMI. Or they could serve up to 120% of AMI, with most units affordable at or below 60% of AMI. Eligible buildings would be former commercial or industrial sites, like malls, factories, warehouses, or hotels. A site would qualify if it was found unsafe and sat at least 90 days without fixes, or it was in receivership or declared abandoned under state or local law. Only participating HOME jurisdictions would be able to apply for pilot grants.
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Sponsors & CoSponsors
Sponsor
Liccardo
CA • D
Cosponsors
Salazar
FL • R
Sponsored 9/26/2025
Rep. Olszewski, Johnny [D-MD-2]
MD • D
Sponsored 9/26/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 9/26/2025
Rep. Sorensen, Eric [D-IL-17]
IL • D
Sponsored 10/28/2025
Roll Call Votes
No roll call votes available for this bill.
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