[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5455 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 5455

  To require sales and leases of assets of public housing projects to 
 financially benefit the residents of such public housing project and 
 the budget of the public housing agency that owns such public housing 
                    project, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 17, 2019

  Mrs. Carolyn B. Maloney of New York introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To require sales and leases of assets of public housing projects to 
 financially benefit the residents of such public housing project and 
 the budget of the public housing agency that owns such public housing 
                    project, and for other purposes.

    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 Residents Protection 
Act of 2019''.

SEC. 2. PUBLIC HOUSING AGENCY SALE OR LEASE OF PHA ASSETS.

    (a) In General.--Section 9 of the United States Housing Act of 1937 
(42 U.S.C. 1437g) is amended by adding at the end the following:
    ``(p) Sale or Lease of Assets.--If a public housing agency sells or 
leases any asset (including roof space or parking) of a public housing 
project owned by such public housing agency, such public housing agency 
shall--
            ``(1) ensure that such sale or lease financially benefits, 
        as determined by a cost-benefit analysis that is conducted 
        using generally accepted accounting standards and is made 
        publicly available--
                    ``(A) the residents of such public housing project; 
                and
                    ``(B) the budget of the public housing agency;
            ``(2) if the buyer or lessee of such asset intends to 
        derive a product or services from such asset, require the buyer 
        or lessee of such asset to first offer such product or service 
        derived from such asset to the residents of the public housing 
        project, and provide the product or services to those residents 
        who accept the offer before offering the product or service to 
        non-residents;
            ``(3) make available publicly, not later than 30 days 
        before such sale or lease, information sufficient to 
        demonstrate compliance with paragraphs (1) and (2) of this 
        subsection; and
            ``(4) not later than 1 year after the sale or lease, submit 
        to the Secretary a report that describes how the sale or lease 
        complies with this subsection.''.
    (b) PHA Annual Plan.--Section 5A(d) of the United States Housing 
Act of 1937 (42 U.S.C. 1437c-1(d)) is amended--
            (1) by redesignating paragraph (19) as paragraph (20); and
            (2) by inserting after paragraph (18) the following:
            ``(19) Sale or lease of assets.--With regard to any assets 
        of any public housing project owned by the public housing 
        agency that the public housing agency intends to sell or lease 
        in the upcoming year--
                    ``(A) a description of the asset;
                    ``(B) a description of the proposed terms of the 
                sale or lease, if possible; and
                    ``(C) a description of how the lease or sale will 
                comply with section 9(p), including how such sale or 
                lease financially benefits, as determined by a cost-
                benefit analysis that is conducted using generally 
                accepted accounting standards, the residents of the 
                public housing project and the budget of the public 
                housing agency.''.
    (c) Rule of Construction.--This section and the amendments made by 
this section may not be construed to authorize or encourage the sale or 
lease of any public housing asset.
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