[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3521 Reported in House (RH)]






                                                 Union Calendar No. 318
110th CONGRESS
  2d Session
                                H. R. 3521

                          [Report No. 110-521]

 To improve the Operating Fund for public housing of the Department of 
                     Housing and Urban Development.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 10, 2007

  Mr. Sires (for himself, Mr. Frank of Massachusetts, and Ms. Waters) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

                            January 29, 2008

Additional sponsors: Mr. Wilson of Ohio, Ms. Norton, Mr. Hare, and Mr. 
                                Higgins

                            January 29, 2008

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
    [For text of introduced bill, see copy of bill as introduced on 
                          September 10, 2007]

_______________________________________________________________________

                                 A BILL


 
 To improve the Operating Fund for public housing of the Department of 
                     Housing and Urban Development.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Public Housing Asset Management 
Improvement Act of 2007''.

SEC. 2. REVISIONS TO ASSET MANAGEMENT RULES AND RELATED FEES.

    (a) Management and Related Fees.--The Secretary shall not impose 
any restriction or limitation on the amount of management and related 
fees with respect to a public housing project if the fee is determined 
to be reasonable by the public housing agency, unless such restriction 
or limitation imposed by the Secretary on such fees--
            (1) is determined pursuant to a negotiated rulemaking which 
        is convened by the Secretary no earlier than April 1, 2009, and 
        in accordance with subchapter III of chapter 5 of title 5, 
        United States Code, with representatives from interested 
        parties; and
            (2) is effective only on or after January 1, 2011.
    (b) Increase of Threshold for Exemption From Asset Management 
Requirements.--Any public housing agency that owns or operates fewer 
than 500 public housing units under title I of the United States 
Housing Act of 1937 may elect to be exempt from any asset management 
requirement imposed by the Secretary.

SEC. 3. PROHIBITION ON RESTRICTION OF FUNGIBILITY OF CAPITAL FUND 
              AMOUNTS.

    The Secretary of Housing and Urban Development shall not impose any 
requirement, regulation, or guideline relating to asset management that 
restricts or limits in any way the use by public housing agencies of 
amounts for Capital Fund assistance under section 9(d) of such Act, 
pursuant to paragraph (1) or (2) of section 9(g) of the United States 
Housing Act of 1937 (42 U.S.C. 1437g(g)), for costs of any central 
office of a public housing agency.

SEC. 4. TENANT PARTICIPATION.

    (a) Rule of Construction.--Neither the requirements of this Act, 
nor any other requirement, regulation, guideline, or other policy or 
action of the Department of Housing and Urban Development relating to 
public housing asset management may be construed to repeal or waive any 
provision of part 964 of title 24 of the Code of Federal Regulations, 
regarding tenant participation and tenant opportunities in public 
housing. The Secretary of Housing and Urban Development shall ensure 
that public housing agencies encourage the reasonable efforts of 
resident tenant organizations to represent their members or the 
reasonable efforts of tenants to organize.
    (b) Guidance.--Guidance issued by the Secretary of Housing and 
Urban Development shall encourage participation by residents in the 
implementation of asset management and the development of local 
policies for such purposes.
                                                 Union Calendar No. 318

110th CONGRESS

  2d Session

                               H. R. 3521

                          [Report No. 110-521]

_______________________________________________________________________

                                 A BILL

 To improve the Operating Fund for public housing of the Department of 
                     Housing and Urban Development.

_______________________________________________________________________

                            January 29, 2008

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed