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Cortez Masto Introduces Legislation to Redirect TARP Funds to HTF

Monday, May 24, 2021 - 12:15PM

Sen. Catherine Cortez Masto, D-Nevada, introduced legislation to redirect Troubled Assets Relief Program (TARP) funding to the national Housing Trust Fund (HTF). The Affordable Housing Production Act (S. 1674) would direct leftover or unspent TARP funds to the HTF. Sens. Alex Padilla, D-California; Dianne Feinstein, D-California; Jeff Merkley, D-Oregon; and Bernie Sanders, I-Vermont; were co-sponsors with Cortez Masto. Companion legislation was introduced in the House of Representatives by Rep. Norma J. Torres, D-California. The legislative text is not yet available.

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