We have received text from S. 2720: Yes in God's Backyard Act. This bill was received on 2025-09-04, and currently has 3 cosponsors.
Here is a short summary of the bill:
This bill, known as the "Yes in God's Backyard Act," aims to provide technical assistance and grants to faith-based organizations, institutions of higher education, and local governments in order to increase the availability of affordable rental housing. Here is a breakdown of the key components of the bill:
Definitions
The bill defines several important terms, including:
- Affordable rental housing: Housing available to the public where the monthly rent is not more than 30 percent of a household's income.
- At risk of homelessness: Households identified as at risk under specific federal definitions.
- Covered household: A household with an income at or below 100% of the area median income.
- Faith-based organization: Organizations that are religiously oriented and engage in charitable activities.
- Institution of higher education: Colleges, universities, and similar education institutions as defined by relevant laws.
Technical Assistance Program
The Secretary of Housing and Urban Development (HUD) will establish a program to offer technical assistance aimed at:
- Helping faith-based organizations and educational institutions remove barriers to develop and preserve affordable rental housing.
- Providing resources and information on how to effectively utilize excess property owned by these organizations for affordable housing.
- Offering guidance on best practices for housing development, preservation, and ensuring access in areas with better resources.
Grants for Affordable Housing
The bill also establishes a Challenge Grant program that allows eligible entities (like local governments or states) to apply for competitive grants aimed at:
- Removing barriers to affordable housing development and preservation on properties owned by faith-based organizations.
- Producing or preserving various types of affordable rental housing, especially for low-income families, homeless individuals, and those at risk of homelessness, including veterans.
- Increasing accessible housing options for individuals with disabilities and addressing the needs of other special populations.
Funding Provisions
The bill authorizes significant funding for these initiatives:
- Technical Assistance Program: $25 million for fiscal year 2026 and $10 million annually from fiscal years 2027 through 2031.
- Challenge Grants: $50 million per year from 2026 through 2031 for grantees implementing housing projects.
Implementation and Oversight
The bill mandates that resources and guidance developed under the program be made publicly accessible. Additionally, the Secretary must consult with relevant federal agencies and make provisions to monitor and evaluate the performance of funded projects.
Relevant Companies
None found.
Senator Mark R. Warner Bill Proposals
Here are some bills which have recently been proposed by Senator Mark R. Warner:
- S.2720: Yes in God's Backyard Act
- S.2719: LIFT Homebuyers Act of 2025
- S.2718: A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to provide for capitalization assistance to enhance liquidity.
- S.2594: IEIS Act
- S.2492: Fiscal Contingency Preparedness Act
- S.2304: Methane Reduction and Economic Growth Act
You can track bills proposed by Senator Mark R. Warner on Quiver Quantitative's politician page for Warner.
Senator Mark R. Warner Net Worth
Quiver Quantitative estimates that Senator Mark R. Warner is worth $199.6M, as of September 11th, 2025. This is the 9th highest net worth in Congress, per our live estimates.
Warner has approximately $100.1M invested in publicly traded assets which Quiver is able to track live.
You can track Senator Mark R. Warner's net worth on Quiver Quantitative's politician page for Warner.
Senator Mark R. Warner Stock Trading
We have data on up to $97.9M of trades from Senator Mark R. Warner, which we parsed from STOCK Act filings. Some of the largest trades include:
- A February 19th, 2019 sale of up to $5M of $CHTR. The stock has fallen 24.52% since then.
- A October 18th, 2017 sale of up to $5M of $XON. The stock has fallen 74.51% since then.
- A February 19th, 2019 sale of up to $1M of $ZAYO. The stock has risen 37.49% since then.
- A November 6th, 2017 sale of up to $1M of $HALO. The stock has risen 345.62% since then.
- A October 18th, 2017 sale of up to $500K of $ZIOP. The stock has fallen 84.94% since then.
You can track Senator Mark R. Warner's stock trading on Quiver Quantitative's politician page for Warner.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
