S.2850 - Chinese Drywall Homeowners Assistance Act111th Congress (2009-2010)
Summary: S.2850 — 111th Congress (2009-2010)
Introduced in Senate (12/08/2009)
Chinese Drywall Homeowners Assistance Act - Permits the use of specified community development block grant (CDBG) funds under the Housing and Community Development Act of 1974, which have been given to the Road Home Program created by the Louisiana Recovery Authority, to provide any Louisiana resident, whether a participant or nonparticipant in the Road Home Program, with monetary assistance necessary to repair or replace tainted drywall that: (1) was manufactured in the People's Republic of China; (2) was imported into the United States between January 1, 2004, and December 31, 2008; and (3) contains elevated levels of sulphur or strontium.
Authorizes the Secretary of Housing and Urban Development (HUD) to permit any state or local government receiving such CDBG funds to use them to provide homeowners with monetary assistance to repair or replace such tainted drywall.