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S 107

Lumbee Fairness Act

119th Congress Introduced by Angela Alsobrooks and 19 co-sponsors

Bill S 107 empowers tenant associations with the first option to buy their housing units, enhancing tenant rights and promoting affordable housing and community stability.

Committee on Indian Affairs. Hearings held.
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Bill Summary · S 107

Summary of Bill S 107

Bill Information

  • Bill Number: S 107
  • Title: Relates to the right of tenant association to have the first option to purchase a housing unit
  • Status: Referred to Housing, Construction and Community Development
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill S 107 aims to empower tenant associations by granting them the first option to purchase their housing units when they become available for sale. This legislation is designed to enhance tenant rights, promote affordable housing, and encourage community stability by allowing tenants to have a say in the ownership of their living spaces.

Key Provisions

  • Right of First Refusal: The bill stipulates that when a housing unit is put up for sale, tenant associations must be given the first opportunity to purchase the unit before it is offered to other potential buyers.
  • Notification Requirement: Property owners must notify tenant associations of the intent to sell and provide them with the terms of the sale, including the asking price and any other relevant conditions.
  • Timeframe for Response: Tenant associations will have a specified period (to be defined in the bill) to respond to the offer and indicate their interest in purchasing the unit.
  • Financing Options: The bill may include provisions for financing assistance or resources to help tenant associations secure funding for the purchase.

Who Would Be Affected

  • Tenants: The primary beneficiaries of this bill are tenants living in housing units organized into associations. They will gain a significant opportunity to influence the ownership of their homes.
  • Landlords and Property Owners: Property owners will need to comply with the notification and offer requirements, which may affect their selling processes.
  • Local Governments: Municipalities may need to adjust their housing policies and support systems to facilitate the implementation of this bill.

Procedural Aspects

  • Current Status: As of January 08, 2025, the bill has been referred to the Housing, Construction and Community Development committee for further consideration.
  • Related Legislation: This bill is part of a broader legislative context, with several related bills from prior sessions (e.g., S 2779, S 3155) that may address similar issues regarding tenant rights and housing stability.

Conclusion

Bill S 107 represents a significant step towards enhancing tenant rights by providing tenant associations with the first option to purchase their housing units. This legislation aims to foster community ownership and stability, ultimately contributing to the broader goal of affordable housing access. The bill is currently under review, and its progress will be closely monitored as it moves through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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