Community Development Block Grant Equity Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8583 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8583 To amend the Housing and Community Development Act of 1974 to revise the formula for allocation of community development block grant funds, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 31, 2024 Mr. Cohen introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Housing and Community Development Act of 1974 to revise the formula for allocation of community development block grant funds, and for other purposes. 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 ``Community Development Block Grant Equity Act of 2024''. SEC. 2. CDBG FORMULA. (a) Revision of Formula.--Section 106 of the Housing and Community Development Act of 1974 (42 U.S.C. 5306) is amended-- (1) in subsection (b)-- (A) by striking the…