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117-hr-7697117th Congress

Affordable CO-OP (Collective Opportunities for Owning Property) Act

Sponsored By: Representative Bowman, Jamaal [D-NY-16]

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Bowman, Jamaal [D-NY-16]

NY • D

Cosponsors

  • Rep. Ocasio-Cortez, Alexandria [D-NY-14]

    NY • D

    Sponsored 5/10/2022

  • Rep. Clarke, Yvette D. [D-NY-9]

    NY • D

    Sponsored 5/10/2022

  • Rep. Jones, Mondaire [D-NY-17]

    NY • D

    Sponsored 5/10/2022

  • Rep. Tlaib, Rashida [D-MI-12]

    MI • D

    Sponsored 5/10/2022

  • Rep. Watson Coleman, Bonnie [D-NJ-12]

    NJ • D

    Sponsored 5/10/2022

  • Rep. Omar, Ilhan [D-MN-5]

    MN • D

    Sponsored 5/10/2022

Roll Call Votes

No roll call votes available for this bill.

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