S. 3931, titled the “Affordable Housing Preservation and Protection Act of 2024,” aims to preserve and protect multifamily housing properties assisted by the Secretary of Housing and Urban Development. The bill allows the Secretary to offer capital assistance to owners or...
Simple Explanation
S. 3931 is a bill that helps keep old apartment buildings safe and affordable by giving money to fix them up, as long as the owners promise to keep them affordable for a long time.