<enum>I</enum><header>Improving Financial Literacy</header><section id="id92b0b93d5afd46eca348596a4492fc16"><enum>101.</enum><header>Reforms to housing counseling and financial literacy programs</header><subsection id="idb4f402dbf898464780cfe4491a62c5c9"><enum>(a)</enum><header>In general</header><text>Section 106 of the Housing and Urban Development Act of 1968 (<external-xref legal-doc="usc" parsable-cite="usc/12/1701x">12 U.S.C. 1701x</external-xref>) is amended—</text><paragraph id="ida5ec3997ff0443bfb1d3a792b54e724c"><enum>(1)</enum><text>in subsection (a)(4)(C), by striking <quote>adequate distribution</quote> and all that follows through <quote>foreclosure rates</quote> and inserting <quote>that the recipients are geographically diverse and include organizations that serve urban or rural areas</quote>;</text></paragraph><paragraph id="id663139f25e114b5ebbca7288e8aa4d21"><enum>(2)</enum><text>in subsection (e), by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id134ff0ecd5bd41a7a761c183b20a889e"><paragraph id="ide04ab8902e8a43268ee8ccce03646d86"><enum>(6)</enum><header>Performance review</header><text>The Secretary shall conduct performance reviews of all participating agencies that—</text><subparagraph id="idb9cd4490cfd9471e81a18c48d59f0d1d"><enum>(A)</enum><text>consist of a review of the participating agency’s compliance with all program requirements; and</text></subparagraph><subparagraph id="idacbb15f7caef47fba78eb729daa0509e"><enum>(B)</enum><text>may take into account the agency’s aggregate counselor performance under paragraph (8)(B).</text></subparagraph></paragraph><paragraph id="id067e00029f51481aaadb7b3decddd3bf"><enum>(7)</enum><header>Periodic reviews</header><text>The Secretary may conduct periodic on-site reviews as the Secretary deems appropriate.</text></paragraph><paragraph id="idab724ebe4078485db09e6d7dbbd80b7c"><enum>(8)</enum><header>Considerations</header><subparagraph id="idb5f80dc4c7bf4a60a0bfc20dc1b39a5a"><enum>(A)</enum><header>Covered mortgage loan defined</header><text>In this paragraph, the term <term>covered mortgage loan</term> means any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of between 1 and 4 families that is—</text><clause id="id40127c97be1d4421b1c82b9bf6e78edd"><enum>(i)</enum><text>insured by the Federal Housing Administration under title II of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1707">12 U.S.C. 1707 et seq.</external-xref>); or</text></clause><clause id="ida39244f3d2b0429e8ae294f6d2bcc11f"><enum>(ii)</enum><text>guaranteed under section 184 or 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a, 1715z–13b).</text></clause></subparagraph><subparagraph id="idcb073f5318f94133976fe55eaefe1c61"><enum>(B)</enum><header>Comparison</header><text>For each counselor employed by an organization receiving assistance under this section for pre-purchase housing counseling, the Secretary may consider the performance of the counselor compared to the default rate of all counseled borrowers of a covered mortgage loan in comparable markets and such other factors as the Secretary determines appropriate to further the purposes of this section.</text></subparagraph></paragraph><paragraph id="id8bda2510c01d4c3182be56ce5faf486f"><enum>(9)</enum><header>Certification</header><text>If, based on the comparison required under paragraph (8)(B), the Secretary determines that a counselor lacks competence to provide counseling in the areas described in subsection (e)(2) and such action will not create a significant loss of capacity for housing counseling services in the service area, the Secretary may—</text><subparagraph id="id2b7eed613bf04564b968ec6c912df25f"><enum>(A)</enum><text>require continued education coupled with successful completion of a probationary period;</text></subparagraph><subparagraph id="idf541b05ec44d402ea6b37a32ceb165d5"><enum>(B)</enum><text>require retesting if the counselor continues to demonstrate a lack of competence under paragraph (8)(B); and</text></subparagraph><subparagraph id="id2a2a5d671bb34fcbbb301fbc4ec9a31a"><enum>(C)</enum><text>permanently suspend an individual certification if a counselor fails to demonstrate competence after not fewer than 2 retesting opportunities under subparagraph (B).</text></subparagraph></paragraph><after-quoted-block>;</after-quoted-block></quoted-block></paragraph><paragraph id="id07de499efad744c8afa738e47095ca95"><enum>(3)</enum><text>in subsection (i)—</text><subparagraph id="id56b5a809b253413bb916d74cabe435ff"><enum>(A)</enum><text>by redesignating paragraph (3) as paragraph (4); and</text></subparagraph><subparagraph id="id67f1226b4e9a4cb9b1480767a2293157"><enum>(B)</enum><text>by inserting after paragraph (2) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id5072593b0a014faa8f2fd75f6870e701"><paragraph id="id8ed483c2ccbf4244990c77b6427377d6"><enum>(3)</enum><header>Termination of assistance</header><subparagraph id="id022284e0e9a3450a8377795cea61853f"><enum>(A)</enum><header>In general</header><text>The Secretary may deny renewal of covered assistance to an organization or entity receiving covered assistance if the Secretary determines that the organization or entity, or the individual through which the organization or entity provides counseling, is not in compliance with program requirements—</text><clause id="id501c6e266b1448e598b0b6b08da7e3d2"><enum>(i)</enum><text>based on the performance review described in subsection (e)(6); and</text></clause><clause id="idb45219b44db44be6a40fd594bda4eba7"><enum>(ii)</enum><text>in accordance with regulations issued by the Secretary.</text></clause></subparagraph><subparagraph id="id05e60621676b41dcb41c9118d53c6e35"><enum>(B)</enum><header>Notice</header><text>The Secretary shall give an organization or entity receiving covered assistance not less than 60 days prior written notice of any denial of renewal under this paragraph, and the determination of renewal shall not be finalized until the end of that notice period.</text></subparagraph><subparagraph id="id1f8be8f3b81d43648ba927e3091eecb3"><enum>(C)</enum><header>Informal conference</header><text>If requested in writing by the organization or entity within the notice period described in subparagraph (B), the organization or entity shall be entitled to an informal conference with the Deputy Assistant Secretary of Housing Counseling on behalf of the Secretary at which the organization or entity may present for consideration specific factors that the organization or entity believes were beyond the control of the organization or entity and that caused the failure to comply with program requirements, such as a lack of lender or servicer coordination or communication with housing counseling agencies and individual counselors.</text></subparagraph></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph commented="no" id="id2a266b6d4a1347e1bdc21236739a3d1b"><enum>(4)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id470a5ff9e9b147798b82447330270ac9"><subsection id="id6f3795df3f47486fbe49ff4a12cbe1f6"><enum>(j)</enum><header>Offering foreclosure mitigation counseling</header><paragraph id="id7e9a165dc14d416fbfb391f75b127c12"><enum>(1)</enum><header>Covered mortgage loan defined</header><text>In this subsection, the term <term>covered mortgage loan</term> means any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums) or stock or membership in a cooperative ownership housing corporation designed principally for the occupancy of between 1 and 4 families that is—</text><subparagraph id="id5e368d80fd1f49ecb30b5a69a4b73730"><enum>(A)</enum><text>insured by the Federal Housing Administration under title II of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1707">12 U.S.C. 1707 et seq.</external-xref>);</text></subparagraph><subparagraph id="idf11c6f2c34634e1694976c3293ba7525"><enum>(B)</enum><text>guaranteed under section 184 or 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a, 1715z–13b);</text></subparagraph><subparagraph id="iddcd3fb1615314fa4bf4162f56f520381"><enum>(C)</enum><text>made, guaranteed, or insured by the Department of Veterans Affairs; or</text></subparagraph><subparagraph id="id551bc8b0fb7448f6ba6dfb02656f1cc1"><enum>(D)</enum><text>made, guaranteed, or insured by the Department of Agriculture.</text></subparagraph></paragraph><paragraph id="idf81fbaaf405a415690986ad0c146dd52"><enum>(2)</enum><header>Opportunity for borrowers</header><text>A borrower with respect to a covered mortgage loan who is 30 days or more delinquent on payments for the covered mortgage loan shall be given an opportunity to participate in available housing counseling.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ide3e39ebdb30c4354b2b2593adce94a1f"><enum>(3)</enum><header>Cost</header><text>If the requirements of sections 202(a)(3) and 205(f) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(a)(3)</external-xref>, 1711(f)) are met, the fair market rate cost of counseling for delinquent borrowers described in paragraph (2) with respect to a covered mortgage loan described in paragraph (1)(A) shall be paid for by the Mutual Mortgage Insurance Fund, as authorized under section 203(r)(4) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1709">12 U.S.C. 1709(r)(4)</external-xref>).</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection></section>

112 HR 6644 EAS: 21st Century ROAD to Housing Act U.S. House of Representatives 2026-03-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

119th CONGRESS2d Session

H.R. 6644

In the Senate of the United States,

March 12, 2026.

Amendment:

That the bill from the House of Representatives (H.R. 6644) entitled An Act to increase the supply of housing in America, and for other purposes., do pass with the following

Strike all after the enacting clause and insert the following:

Short title; table of contents

(a)

Short title

This Act may be cited as the

21st Century ROAD to Housing Act

.(b)

Table of contents

The table of contents for this Act is as follows:

Sec. 1. Short title; table of contents.

TITLE I—Improving Financial Literacy

Sec. 101. Reforms to housing counseling and financial literacy programs.

TITLE II—Building More in America

Sec. 201. Rental assistance demonstration program.

Sec. 202. Increasing housing in opportunity zones.

Sec. 203. Whole-Home Repairs Act.

Sec. 204. Community Investment and Prosperity Act.

Sec. 205. Build Now Act.

Sec. 206. Addition of affordable housing construction as an eligible activity.

Sec. 207. Better Use of Intergovernmental and Local Development (BUILD) Housing Act.

Sec. 208. Unlocking Housing Supply Through Streamlined and Modernized Reviews Act.

Sec. 209. Grants for planning and implementation associated with affordable housing.

Sec. 210. Innovation Fund.

Sec. 211. Accelerating Home Building Act.

Sec. 212. Revitalizing Empty Structures Into Desirable Environments (RESIDE) Act.

Sec. 213. Housing Affordability Act.

TITLE III—Manufactured Housing for America

Sec. 301. Housing Supply Expansion Act.

Sec. 302. Modular Housing Production Act.

Sec. 303. Property Improvement and Manufactured Housing Loan Modernization Act.

Sec. 304. Price Act.

TITLE IV—Accessing the American Dream

Sec. 401. Creating incentives for small dollar loan originators.

Sec. 402. Small dollar mortgage points and fees.

Sec. 403. Appraisal Industry Improvement Act.

Sec. 404. Helping More Families Save Act.

Sec. 405. Choice in Affordable Housing Act.

TITLE V—Program Reform

Sec. 501. Reforming Disaster Recovery Act.

Sec. 502. HOME Investment Partnerships Reauthorization and Reform Act.

Sec. 503. Rural Housing Service Reform Act.

Sec. 504. New Moving to Work cohort.

Sec. 505. Incentivizing local solutions to homelessness.

TITLE VI—Veterans and Housing

Sec. 601. VA Home Loan Awareness Act.

Sec. 602. Veterans Affairs Loan Informed Disclosure (VALID) Act.

Sec. 603. Housing Unhoused Disabled Veterans Act.

TITLE VII—Oversight and Accountability

Sec. 701. Requiring annual testimony and oversight from housing regulators.

Sec. 702. FHA reporting requirements on safety and soundness.

Sec. 703. United States Interagency Council on Homelessness oversight.

Sec. 704. Appraisal Modernization Act.

TITLE VIII—Coordination, Studies, and Reporting

Sec. 801. HUD-USDA-VA Interagency Coordination Act.

Sec. 802. Streamlining Rural Housing Act.

Sec. 803. Improving self-sufficiency of families in HUD-subsidized housing.

Sec. 804. GAO studies.

TITLE IX—Homeownership for Main Street America

Sec. 901. Homes are for people, not corporations.

TITLE X—Central bank digital currency

Sec. 1001. Central bank digital currency.

TITLE XI—Miscellaneous

Sec. 1101. Severability.

Sec. 1102. No additional funds authorized.

<enum>I</enum><header>Improving Financial Literacy</header><section id="id92b0b93d5afd46eca348596a4492fc16"><enum>101.</enum><header>Reforms to housing counseling and financial literacy programs</header><subsection id="idb4f402dbf898464780cfe4491a62c5c9"><enum>(a)</enum><header>In general</header><text>Section 106 of the Housing and Urban Development Act of 1968 (<external-xref legal-doc="usc" parsable-cite="usc/12/1701x">12 U.S.C. 1701x</external-xref>) is amended—</text><paragraph id="ida5ec3997ff0443bfb1d3a792b54e724c"><enum>(1)</enum><text>in subsection (a)(4)(C), by striking <quote>adequate distribution</quote> and all that follows through <quote>foreclosure rates</quote> and inserting <quote>that the recipients are geographically diverse and include organizations that serve urban or rural areas</quote>;</text></paragraph><paragraph id="id663139f25e114b5ebbca7288e8aa4d21"><enum>(2)</enum><text>in subsection (e), by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id134ff0ecd5bd41a7a761c183b20a889e"><paragraph id="ide04ab8902e8a43268ee8ccce03646d86"><enum>(6)</enum><header>Performance review</header><text>The Secretary shall conduct performance reviews of all participating agencies that—</text><subparagraph id="idb9cd4490cfd9471e81a18c48d59f0d1d"><enum>(A)</enum><text>consist of a review of the participating agency’s compliance with all program requirements; and</text></subparagraph><subparagraph id="idacbb15f7caef47fba78eb729daa0509e"><enum>(B)</enum><text>may take into account the agency’s aggregate counselor performance under paragraph (8)(B).</text></subparagraph></paragraph><paragraph id="id067e00029f51481aaadb7b3decddd3bf"><enum>(7)</enum><header>Periodic reviews</header><text>The Secretary may conduct periodic on-site reviews as the Secretary deems appropriate.</text></paragraph><paragraph id="idab724ebe4078485db09e6d7dbbd80b7c"><enum>(8)</enum><header>Considerations</header><subparagraph id="idb5f80dc4c7bf4a60a0bfc20dc1b39a5a"><enum>(A)</enum><header>Covered mortgage loan defined</header><text>In this paragraph, the term <term>covered mortgage loan</term> means any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of between 1 and 4 families that is—</text><clause id="id40127c97be1d4421b1c82b9bf6e78edd"><enum>(i)</enum><text>insured by the Federal Housing Administration under title II of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1707">12 U.S.C. 1707 et seq.</external-xref>); or</text></clause><clause id="ida39244f3d2b0429e8ae294f6d2bcc11f"><enum>(ii)</enum><text>guaranteed under section 184 or 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a, 1715z–13b).</text></clause></subparagraph><subparagraph id="idcb073f5318f94133976fe55eaefe1c61"><enum>(B)</enum><header>Comparison</header><text>For each counselor employed by an organization receiving assistance under this section for pre-purchase housing counseling, the Secretary may consider the performance of the counselor compared to the default rate of all counseled borrowers of a covered mortgage loan in comparable markets and such other factors as the Secretary determines appropriate to further the purposes of this section.</text></subparagraph></paragraph><paragraph id="id8bda2510c01d4c3182be56ce5faf486f"><enum>(9)</enum><header>Certification</header><text>If, based on the comparison required under paragraph (8)(B), the Secretary determines that a counselor lacks competence to provide counseling in the areas described in subsection (e)(2) and such action will not create a significant loss of capacity for housing counseling services in the service area, the Secretary may—</text><subparagraph id="id2b7eed613bf04564b968ec6c912df25f"><enum>(A)</enum><text>require continued education coupled with successful completion of a probationary period;</text></subparagraph><subparagraph id="idf541b05ec44d402ea6b37a32ceb165d5"><enum>(B)</enum><text>require retesting if the counselor continues to demonstrate a lack of competence under paragraph (8)(B); and</text></subparagraph><subparagraph id="id2a2a5d671bb34fcbbb301fbc4ec9a31a"><enum>(C)</enum><text>permanently suspend an individual certification if a counselor fails to demonstrate competence after not fewer than 2 retesting opportunities under subparagraph (B).</text></subparagraph></paragraph><after-quoted-block>;</after-quoted-block></quoted-block></paragraph><paragraph id="id07de499efad744c8afa738e47095ca95"><enum>(3)</enum><text>in subsection (i)—</text><subparagraph id="id56b5a809b253413bb916d74cabe435ff"><enum>(A)</enum><text>by redesignating paragraph (3) as paragraph (4); and</text></subparagraph><subparagraph id="id67f1226b4e9a4cb9b1480767a2293157"><enum>(B)</enum><text>by inserting after paragraph (2) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id5072593b0a014faa8f2fd75f6870e701"><paragraph id="id8ed483c2ccbf4244990c77b6427377d6"><enum>(3)</enum><header>Termination of assistance</header><subparagraph id="id022284e0e9a3450a8377795cea61853f"><enum>(A)</enum><header>In general</header><text>The Secretary may deny renewal of covered assistance to an organization or entity receiving covered assistance if the Secretary determines that the organization or entity, or the individual through which the organization or entity provides counseling, is not in compliance with program requirements—</text><clause id="id501c6e266b1448e598b0b6b08da7e3d2"><enum>(i)</enum><text>based on the performance review described in subsection (e)(6); and</text></clause><clause id="idb45219b44db44be6a40fd594bda4eba7"><enum>(ii)</enum><text>in accordance with regulations issued by the Secretary.</text></clause></subparagraph><subparagraph id="id05e60621676b41dcb41c9118d53c6e35"><enum>(B)</enum><header>Notice</header><text>The Secretary shall give an organization or entity receiving covered assistance not less than 60 days prior written notice of any denial of renewal under this paragraph, and the determination of renewal shall not be finalized until the end of that notice period.</text></subparagraph><subparagraph id="id1f8be8f3b81d43648ba927e3091eecb3"><enum>(C)</enum><header>Informal conference</header><text>If requested in writing by the organization or entity within the notice period described in subparagraph (B), the organization or entity shall be entitled to an informal conference with the Deputy Assistant Secretary of Housing Counseling on behalf of the Secretary at which the organization or entity may present for consideration specific factors that the organization or entity believes were beyond the control of the organization or entity and that caused the failure to comply with program requirements, such as a lack of lender or servicer coordination or communication with housing counseling agencies and individual counselors.</text></subparagraph></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph commented="no" id="id2a266b6d4a1347e1bdc21236739a3d1b"><enum>(4)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id470a5ff9e9b147798b82447330270ac9"><subsection id="id6f3795df3f47486fbe49ff4a12cbe1f6"><enum>(j)</enum><header>Offering foreclosure mitigation counseling</header><paragraph id="id7e9a165dc14d416fbfb391f75b127c12"><enum>(1)</enum><header>Covered mortgage loan defined</header><text>In this subsection, the term <term>covered mortgage loan</term> means any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums) or stock or membership in a cooperative ownership housing corporation designed principally for the occupancy of between 1 and 4 families that is—</text><subparagraph id="id5e368d80fd1f49ecb30b5a69a4b73730"><enum>(A)</enum><text>insured by the Federal Housing Administration under title II of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1707">12 U.S.C. 1707 et seq.</external-xref>);</text></subparagraph><subparagraph id="idf11c6f2c34634e1694976c3293ba7525"><enum>(B)</enum><text>guaranteed under section 184 or 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a, 1715z–13b);</text></subparagraph><subparagraph id="iddcd3fb1615314fa4bf4162f56f520381"><enum>(C)</enum><text>made, guaranteed, or insured by the Department of Veterans Affairs; or</text></subparagraph><subparagraph id="id551bc8b0fb7448f6ba6dfb02656f1cc1"><enum>(D)</enum><text>made, guaranteed, or insured by the Department of Agriculture.</text></subparagraph></paragraph><paragraph id="idf81fbaaf405a415690986ad0c146dd52"><enum>(2)</enum><header>Opportunity for borrowers</header><text>A borrower with respect to a covered mortgage loan who is 30 days or more delinquent on payments for the covered mortgage loan shall be given an opportunity to participate in available housing counseling.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ide3e39ebdb30c4354b2b2593adce94a1f"><enum>(3)</enum><header>Cost</header><text>If the requirements of sections 202(a)(3) and 205(f) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(a)(3)</external-xref>, 1711(f)) are met, the fair market rate cost of counseling for delinquent borrowers described in paragraph (2) with respect to a covered mortgage loan described in paragraph (1)(A) shall be paid for by the Mutual Mortgage Insurance Fund, as authorized under section 203(r)(4) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1709">12 U.S.C. 1709(r)(4)</external-xref>).</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection></section><enum>II</enum><header>Building More in America</header><section id="id31044fe319304783b1fb9e947908b419"><enum>201.</enum><header>Rental assistance demonstration program</header><text display-inline="no-display-inline">The language under the heading <quote><header-in-text level="appropriations-intermediate" style="appropriations">Rental Assistance Demonstration</header-in-text></quote> in the Department of Housing and Urban Development Appropriations Act, 2012 (<external-xref legal-doc="public-law" parsable-cite="pl/112/55">Public Law 112–55</external-xref>; 125 Stat. 673) is amended—</text><paragraph commented="no" id="id1b23d69947f6466bb92925262746caa8"><enum>(1)</enum><text>in the second proviso, by striking <quote>until September 30, 2029</quote> and inserting <quote>for fiscal year 2012 and each fiscal year thereafter</quote>;</text></paragraph><paragraph id="id2897e9249c9a493dbb68172bedc30f69"><enum>(2)</enum><text>by striking the fourth proviso;</text></paragraph><paragraph id="idac23c53e587d45599e62d8ef2bab43df"><enum>(3)</enum><text>in the twentieth proviso, as so designated before the date of enactment of this Act, by striking <quote>or other means:</quote> and inserting <quote>or other means, including the adoption of a mandatory tenant lease and management plan addendum for a property with assistance converted, if not otherwise covered by another program, under this demonstration:</quote>; and</text></paragraph><paragraph id="id08ad2d9d915a47998c7dc01bb2d94f2a"><enum>(4)</enum><text>by striking <quote>vouchers to project-based vouchers.</quote> and inserting <quote>vouchers to project-based vouchers: <proviso><italic>Provided further</italic></proviso>, That the Secretary shall annually assess and publish findings regarding the impact of the conversion of assistance under the First Component of the demonstration with respect to the preservation and improvement of public housing, the amount of private sector leveraging resulting from such conversion transactions, the prevalence of pre-conversion residents remaining in or returning to the property following conversion, and the effect of such conversion on tenants, including the impact of such conversion on the rights maintained by tenants as enumerated in regulations and other documents conferring rights upon tenants as developed by the Secretary, and other matters the Secretary may determine appropriate: <proviso><italic>Provided further</italic></proviso>, That the Secretary may take remediative action or impose civil money penalties or other administrative sanctions for material violations of a requirement under the First and Second Components of this demonstration: <proviso><italic>Provided further</italic></proviso>, That nothing in the matter under this heading shall be construed to diminish, impair, or otherwise negatively affect the Rental Assistance Demonstration property rights of owners or rights of tenants, which shall remain enforceable by tenants, as enumerated in current law, regulations, and other agency guidance or notices as it relates to properties converted under the First and Second Components of the Rental Assistance Demonstration Program.</quote>.</text></paragraph></section><section id="id5f821fc47ac348b8a0780747c1478877"><enum>202.</enum><header>Increasing housing in opportunity zones</header><subsection id="id3827363d54c8469a9ff144c9b73e5613"><enum>(a)</enum><header>Covered grant defined</header><text>In this section, the term <term>covered grant</term> means any competitive grant relating to the construction, modification, rehabilitation, or preservation of housing, as determined by the Secretary of Housing and Urban Development.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="idba3a56b5a9bf4e3ba311f248d9a608bf"><enum>(b)</enum><header>Priority</header><text>When awarding a covered grant, the Secretary of Housing and Urban Development may give additional weight to applicants with proposed activities or projects that are located in or substantially and directly benefit a community designated as a qualified opportunity zone under <external-xref legal-doc="usc" parsable-cite="usc/26/1400Z">section 1400Z–1</external-xref> of the Internal Revenue Code of 1986.</text></subsection></section><section id="id90e721ae535a4e08b3d4b6f9c690725b"><enum>203.</enum><header>Whole-Home Repairs Act</header><subsection commented="no" display-inline="no-display-inline" id="id94d2598bb289440ba4524b280763c4a8"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section:</text><paragraph id="id58d92b071572409d9e4a6f1165bec8d1"><enum>(1)</enum><header>Affordable unit</header><text>The term <term>affordable unit</term> means a unit for which the monthly rental payment is not more than 30 percent of the gross income of an individual earning at or below 80 percent of the area median income, as defined by the Secretary.</text></paragraph><paragraph id="id320402aa99964bc99bf13cb9b154f089"><enum>(2)</enum><header>Assisted unit</header><text>The term <term>assisted unit</term> means a unit that undergoes repair or rehabilitation work through a whole-home repairs program administered by an implementing organization under this section.</text></paragraph><paragraph id="id4ef53200b42b4673a7bf0303517aaa6e"><enum>(3)</enum><header>Eligible homeowner</header><text>The term <term>eligible homeowner</term> means a homeowner—</text><subparagraph id="id5f81c32d54604291827e6fcc314942f0"><enum>(A)</enum><text>with a household income that—</text><clause id="idc4ee45833ad64caa8527f192f5b8d046"><enum>(i)</enum><text>is not more than 80 percent of the area median income; or</text></clause><clause id="id5687059d5379446eb4099344c3a0dd81"><enum>(ii)</enum><text>meets the income eligibility requirements for receiving assistance or benefits under a specified program, as defined in paragraph (11); and</text></clause></subparagraph><subparagraph id="idc01a8bf9589b4578bf805dfb66efd7d9"><enum>(B)</enum><text>who is—</text><clause id="id63c6fde27bc04373b0e4901f31303879"><enum>(i)</enum><text>an owner of record as evidenced by a publicly recorded deed, or other document recorded by the Bureau of Indian Affairs, and occupies the home on which repairs are to be conducted as their principal residence;</text></clause><clause id="idaacb6824d0e54840b584c90806e3ea1a"><enum>(ii)</enum><text>an owner-occupant of the manufactured home on which repairs are to be conducted; or</text></clause><clause id="id608c294fd9ab4d6fba7f09c707157f08"><enum>(iii)</enum><text>an owner who can demonstrate an ownership interest in the property, or trust land leasehold, on which repairs are to be conducted, including a person who has inherited an interest in that property.</text></clause></subparagraph></paragraph><paragraph id="idd3130518bc1c4800875af3b4a4083a81"><enum>(4)</enum><header>Eligible landlord</header><text>The term <term>eligible landlord</term> means an individual—</text><subparagraph id="id410dfc071eaf4c21a9f938a00de38715"><enum>(A)</enum><text>who owns, as determined by the relevant implementing organization, fewer than 10 eligible rental properties, with a majority of affordable units and not more than 25 total units, operated as primary residences in which a majority ownership interest is held by the individual, the spouse of the individual, or the dependent children of the individual, or any closely held legal entity controlled by the individual, the spouse of the individual, or the dependent children of the individual, either individually or collectively; and </text></subparagraph><subparagraph id="ida3f83335435b4993bc87e14d96e77a64"><enum>(B)</enum><text>who agrees to the provisions described in subsection (b)(3).</text></subparagraph></paragraph><paragraph id="ide7cd45fb1f2c43be8bbf4cf3b087aa1a"><enum>(5)</enum><header>Eligible rental property</header><text>The term <term>eligible rental property</term> means a residential property that—</text><subparagraph commented="no" display-inline="no-display-inline" id="iddf736946202e48ecb39989b643de57c5"><enum>(A)</enum><text display-inline="yes-display-inline">is leased, or offered exclusively for lease, as a primary residence by an eligible landlord; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id83cc66543eed497195b40a25896dde5c"><enum>(B)</enum><text>includes affordable units.</text></subparagraph></paragraph><paragraph id="idfeda90626cd441228e2f8575c9cd16a3"><enum>(6)</enum><header>Forgivable loan</header><text>The term <term>forgivable loan</term> means a loan—</text><subparagraph id="id3212691f30f542419be0b820515d51ed"><enum>(A)</enum><text>made to an eligible landlord;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idaec94e5310db4392877815bb99f7fb68"><enum>(B)</enum><text display-inline="yes-display-inline">that is secured by a lien recorded against a residential property; and</text></subparagraph><subparagraph id="idc9c36a060d75423b84620a74eca1943d"><enum>(C)</enum><text>that may be forgiven by the implementing organization not later than the date that is 3 years after the completion of the repairs if the eligible landlord has maintained compliance with the loan agreement described in subsection (b)(3).</text></subparagraph></paragraph><paragraph id="idc283aa47b6a14cf6bad5108b9188d998"><enum>(7)</enum><header>Implementing organization</header><text>The term <term>implementing organization</term>—</text><subparagraph id="id1a81248308474219845d02aaaa1a3066"><enum>(A)</enum><text>means a unit of general local government or a State that—</text><clause commented="no" display-inline="no-display-inline" id="id5adb916d8812417a90129bb95e4e6d24"><enum>(i)</enum><text display-inline="yes-display-inline">will administer a whole-home repairs program through an agency, department, or other entity; or </text></clause><clause commented="no" display-inline="no-display-inline" id="idac8af192a447429c9eedf2a99cee7642"><enum>(ii)</enum><text display-inline="yes-display-inline">enter into agreements with 1 or more local governments, Indian tribes, municipal authorities, other governmental authorities, including a tribally designated housing entity, or qualified nonprofit organizations, to administer a whole-home repairs program as a subrecipient; and</text></clause></subparagraph><subparagraph id="idc8c288dad26941f0af7079cc7e097afa"><enum>(B)</enum><text>does not include a redundant entity in a jurisdiction already served by a grantee under subsection (b). </text></subparagraph></paragraph><paragraph id="idbc5dd6af7af24be39ad585c5bcd2a357"><enum>(8)</enum><header>Indian tribe</header><text>The term <term>Indian tribe</term> has the meaning given the term in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/25/4103">25 U.S.C. 4103</external-xref>).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ida72280770a42434883f6e92c9d9d819d"><enum>(9)</enum><header>Qualified nonprofit</header><text>The term <term>qualified nonprofit</term> means a nonprofit organization that—</text><subparagraph commented="no" display-inline="no-display-inline" id="idadebda190d1b4b44a33e22e67c6bebdf"><enum>(A)</enum><text>has received funding, as a recipient or subrecipient, through—</text><clause commented="no" display-inline="no-display-inline" id="idac9ba5f08643466aace324f8ff2b91b1"><enum>(i)</enum><text display-inline="yes-display-inline">the Community Development Block Grant program under title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5301">42 U.S.C. 5301 et seq.</external-xref>);</text></clause><clause commented="no" display-inline="no-display-inline" id="id461b627a0c704b0d9e270b9176491f1c"><enum>(ii)</enum><text display-inline="yes-display-inline">the HOME Investment Partnerships program under subtitle A of title II of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12741">42 U.S.C. 12741 et seq.</external-xref>);</text></clause><clause commented="no" display-inline="no-display-inline" id="ide257584ce08c44dc92acfb95dfd2225c"><enum>(iii)</enum><text display-inline="yes-display-inline">the Lead-Based Paint Hazard Reduction grant program under section 1011 of the Residential Lead-Based Paint Hazard Reduction Act of 1992 (<external-xref legal-doc="usc" parsable-cite="usc/42/4852">42 U.S.C. 4852</external-xref>), a grant under the Healthy Homes Initiative administered by the Secretary pursuant to sections 501 and 502 of the Housing and Urban Development Act of 1970 (<external-xref legal-doc="usc" parsable-cite="usc/12/1701z-1">12 U.S.C. 1701z–1</external-xref>, 1701z–2), or a grant under the Older Adult Home Modification Grants Program authorized under the Consolidated Appropriations Act, 2024 (<external-xref legal-doc="public-law" parsable-cite="pl/118/42">Public Law 118–42</external-xref>), or any successor Act, to make safety and functional home modification repairs and renovations to meet the needs of low-income seniors to enable them to remain in their primary residence;</text></clause><clause commented="no" display-inline="no-display-inline" id="id869fa11eb12a4e039cb2f9366a307663"><enum>(iv)</enum><text>the Self-Help and Assisted Homeownership Opportunity program authorized under section 11 of the Housing Opportunity Program Extension Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/42/12805">42 U.S.C. 12805</external-xref> note);</text></clause><clause commented="no" display-inline="no-display-inline" id="id513b0bf6fdb24665a3d269a69fe48728"><enum>(v)</enum><text display-inline="yes-display-inline">a rural housing program under title V of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1471">42 U.S.C. 1471 et seq.</external-xref>); or</text></clause><clause id="id99e95d1d2d9b47b9aca3654ae4dd5310"><enum>(vi)</enum><text>the Neighborhood Reinvestment Corporation established under the Neighborhood Reinvestment Corporation Act (<external-xref legal-doc="usc" parsable-cite="usc/42/8101">42 U.S.C. 8101 et seq.</external-xref>); </text></clause></subparagraph><subparagraph id="id8bd7385a4a874b7d8d718276ae116ec7"><enum>(B)</enum><text>has coordinated, performed, or otherwise been engaged in weatherization, lead remediation, or home-repair work for not less than 2 years; </text></subparagraph><subparagraph id="id76695956b71f47ea95afe0d93bf8cbb6"><enum>(C)</enum><text>has been certified by the Environmental Protection Agency, or by a State authorized by the Environmental Protection Agency to administer a certification program, as— </text><clause id="idc6336f0a4b6f4649a43d901b6316c1cf"><enum>(i)</enum><text>eligible to carry out activities under the lead renovation, repair, and painting program under section 402(c) or 404 of the Toxic Substances Control Act (<external-xref legal-doc="usc" parsable-cite="usc/15/2682">15 U.S.C. 2682(c)</external-xref>, 2684); or </text></clause><clause commented="no" display-inline="no-display-inline" id="iddda33f9333a9463fa5f4df9c97a7d601"><enum>(ii)</enum><text display-inline="yes-display-inline">a Home Certification Organization under the Energy Star program established by section 324A of the Energy Policy and Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6294a">42 U.S.C. 6294a</external-xref>) or the WaterSense program under section 324B of that Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6294b">42 U.S.C. 6294b</external-xref>), or recognized or otherwise approved by the Environmental Protection Agency as a Home Certification Organization under either of those programs; or</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ida9f7f41db1e546f9b823a7329882217a"><enum>(D)</enum><text>is a community development financial institution, as defined in section 103 of the Community Development Banking and Financial Institutions Act of 1994 (<external-xref legal-doc="usc" parsable-cite="usc/12/4702">12 U.S.C. 4702</external-xref>).</text></subparagraph></paragraph><paragraph id="idd8eaa6ec32bd4f328ea216ca1adc54ca"><enum>(10)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph><paragraph id="id97f2fad68c484466810b6ae5df38c44f"><enum>(11)</enum><header>Specified program</header><text>For purposes of paragraph (3)(A)(ii), the term <term>specified program</term> means any of the following:</text><subparagraph id="idc6c650ec842d4fdc84419879a947ea5e"><enum>(A)</enum><text>The Medicaid program established under title XIX of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/1396">42 U.S.C. 1396 et seq.</external-xref>).</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id120068591b2f4841a2ce029dfde508c0"><enum>(B)</enum><text>The State Children's Health Insurance Program established under title XXI of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/1397aa">42 U.S.C. 1397aa et seq.</external-xref>).</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id12b464a6ac674e7d9ca95d4562d234ec"><enum>(C)</enum><text>The supplemental security income benefits program established under title XVI of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/1381">42 U.S.C. 1381 et seq.</external-xref>).</text></subparagraph><subparagraph id="ida3141cea1c924fbeb8acc2a08cd18c70"><enum>(D)</enum><text>The supplemental nutrition assistance program established under the Food and Nutrition Act of 2008 (<external-xref legal-doc="usc" parsable-cite="usc/7/2011">7 U.S.C. 2011 et seq.</external-xref>).</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id68aca1037b314bd590131aa3343d4551"><enum>(E)</enum><text>The temporary assistance for needy families program established under part A of title IV of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/601">42 U.S.C. 601 et seq.</external-xref>).</text></subparagraph></paragraph><paragraph id="idab651c9281cf459d83d8ee45dca670e1"><enum>(12)</enum><header>State</header><text>The term <term>State</term> means—</text><subparagraph commented="no" display-inline="no-display-inline" id="idd997e766daf741e89bcd99f25b0e44bc"><enum>(A)</enum><text display-inline="yes-display-inline">each State of the United States;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id03cc9ef35d924b9bb5dfc25ebb558bfa"><enum>(B)</enum><text>the District of Columbia;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id3654a20c1864466196dd1933fbbdab3a"><enum>(C)</enum><text>the Commonwealth of Puerto Rico;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ide89dc6e343f944b2947ae2faa18dfc79"><enum>(D)</enum><text display-inline="yes-display-inline">any territory or possession of the United States; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id693d7f284524476d9d90523972b8f193"><enum>(E)</enum><text>an Indian tribe.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idb2bdf0f8702d454a974cd2d73ac80de5"><enum>(13)</enum><header>Tribally designated housing entity</header><text>The term <term>tribally designated housing entity</term> has the meaning given the term in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/25/4103">25 U.S.C. 4103</external-xref>).</text></paragraph><paragraph id="id61c85fbc6fb64e5c88eb196a018f2de6"><enum>(14)</enum><header>Whole-home repairs</header><text>The term <term>whole-home repairs</term> means modifications, repairs, or updates to homeowner or renter-occupied units to address—</text><subparagraph id="id9fa2f1857ee04f93883d29151546f76e"><enum>(A)</enum><text>physical and sensory accessibility for individuals with disabilities and older adults, such as bathroom and kitchen modifications, installation of grab bars and handrails, guards and guardrails, lifting devices, ramp additions or repairs, sidewalk addition or repair, or doorway or hallway widening;</text></subparagraph><subparagraph id="id03853aa17aa9465c96c3d1a057b1aa74"><enum>(B)</enum><text>habitability and safety concerns, such as repairs needed to ensure residential units are fit for human habitation and free from defective conditions or health and safety hazards; or</text></subparagraph><subparagraph id="id07f929520f424bcf9478b371aab752be"><enum>(C)</enum><text>energy and water efficiency, resilience, and weatherization.</text></subparagraph></paragraph></subsection><subsection id="id69c0c27b9f484ba180fc63d373796316"><enum>(b)</enum><header>Pilot program</header><paragraph id="ida8ae8340627548578396622f0c092082"><enum>(1)</enum><header>Establishment</header><text>There is authorized a pilot program to provide grants to implementing organizations to administer a whole-home repairs program for eligible homeowners and eligible landlords.</text></paragraph><paragraph id="ida19458fe5f0249148777a9d342202826"><enum>(2)</enum><header>Use of funds</header><text>An implementing organization that receives a grant from appropriated funds made available for this subsection—</text><subparagraph id="id795aa1e17d644e3b96184c9028bcc68f"><enum>(A)</enum><text>shall provide grants to eligible homeowners to implement whole-home repairs not covered by other Federal home repair programs up to a maximum amount per unit, which maximum amount should—</text><clause commented="no" display-inline="no-display-inline" id="idb6b4390a6a0e41f390d3f6d29e0f3d61"><enum>(i)</enum><text display-inline="yes-display-inline">reflect local construction costs and the level of repairs needed in each unit; and</text></clause><clause commented="no" display-inline="no-display-inline" id="idad7c3e014a724bf78200e69685f9d503"><enum>(ii)</enum><text display-inline="yes-display-inline">be calculated and approved by the Secretary;</text></clause></subparagraph><subparagraph id="iddc481297294b4c04afd29dcb80b2762e"><enum>(B)</enum><text>shall provide loans, which may be forgivable, to eligible landlords to implement whole-home repairs not covered by other Federal home repair programs for individual affordable units, public and common use areas within the property, and common structural elements up to a maximum amount per unit, area, or element, as applicable, which maximum amount should— </text><clause commented="no" display-inline="no-display-inline" id="id500416E8061F4E49A1C212530079B4B8"><enum>(i)</enum><text display-inline="yes-display-inline">reflect local construction costs; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id0EEF6010F60A45079678BCD3125351E5"><enum>(ii)</enum><text display-inline="yes-display-inline">be calculated and approved by the Secretary;</text></clause></subparagraph><subparagraph id="id43ba595f1d114f24acbe6b7f13ba96e8"><enum>(C)</enum><text>shall evaluate, or provide assistance to eligible homeowners and eligible landlords to evaluate, whole-home repair program funds provided under this subsection with Federal, State, Tribal, and local home repair programs to provide the greatest benefit to the greatest number of eligible landlords and eligible homeowners and avoid duplication of benefits and redundancies for the same home repairs;</text></subparagraph><subparagraph id="idebcd0d8040d9464188afb9556beda910"><enum>(D)</enum><text>shall require that—</text><clause id="id50a440db2531462c88681102e0a2863a"><enum>(i)</enum><text>all repairs funded or facilitated through an award under this subsection have been completed;</text></clause><clause id="id2bbe9c61cb5f4cb8bd5855cf6b7a301c"><enum>(ii)</enum><text>if repairs are not completed and the plan for whole-home repairs is not updated to reflect the new scope of work, that the loan or grant is repaid on a prorated basis based on completed work; and</text></clause><clause id="id8dd99411cfac4743987e0e3f711301e8"><enum>(iii)</enum><text>any unused grant or loan balance is returned to the implementing organization, and is reused by the implementing organization for a new whole-home repair grant or loan under this subsection;</text></clause></subparagraph><subparagraph id="id60c0bdb7b89a4de197509a6887222445"><enum>(E)</enum><text>may use not more than 5 percent of the awarded funds to carry out related functions, including workforce training for home repair professions, which shall be related to efforts to increase the number of home repairs performed and approved by the Secretary; </text></subparagraph><subparagraph id="idc6b35f2bb04f4b8a807ebc84f8789f78"><enum>(F)</enum><text>may use not more than 10 percent of the awarded funds for administrative expenses; </text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id0d376ec91acc4340a160006e14824261"><enum>(G)</enum><text>shall comply with Federal accessibility requirements and standards under applicable Federal fair housing and civil rights laws and regulations, including section 504 of the Rehabilitation Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/29/794">29 U.S.C. 794</external-xref>); and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id12381ee9cce049faac6d22088dab1630"><enum>(H)</enum><text>shall ensure that rental properties assisted under subparagraph (B) shall be treated as projects assisted under title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5301">42 U.S.C. 5301 et seq.</external-xref>).</text></subparagraph></paragraph><paragraph id="ida8f0f03e75544fda8a7a66f8076fba85"><enum>(3)</enum><header>Loan agreement</header><text>In a loan agreement with an eligible landlord under this subsection, an implementing organization shall include provisions establishing that the eligible landlord shall, for each eligible rental property for which a loan is used to fund repairs under this subsection—</text><subparagraph id="ided16b23bad2648d2af22a9989ac4f1f4"><enum>(A)</enum><text>comply with Federal accessibility requirements and standards under applicable Federal fair housing and civil rights laws and regulations, including section 504 of the Rehabilitation Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/29/794">29 U.S.C. 794</external-xref>); and</text></subparagraph><subparagraph commented="no" id="iddb171fb0df594719bdda26c257477874"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="id7355e64d05704aa389e97fd147ffefdc"><enum>(i)</enum><text>if the landlord is renting the assisted units available in the eligible rental property to tenants receiving tenant-based rental assistance under section 8(o) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f(o)</external-xref>), under another tenant-based rental assistance program administered by the Secretary or the Secretary of Agriculture, or under a tenant-based rental subsidy provided by a State or local government, comply with the program requirements under the relevant tenant-based rental assistance program; or</text></clause><clause commented="no" display-inline="no-display-inline" id="idf7fdd38b9f0c48f8b0a6b0c0b9035bf0" indent="up1"><enum>(ii)</enum><text display-inline="yes-display-inline">if the eligible landlord is not renting to tenants receiving rental-based assistance as described in clause (i)—</text><subclause commented="no" display-inline="no-display-inline" id="id9b138e5cb10d41ab91debf096d3a9412"><enum>(I)</enum><item commented="no" display-inline="yes-display-inline" id="id3ea4cb012a054cd185d8aba91e3eacdd"><enum>(aa)</enum><text display-inline="yes-display-inline">offer to extend the lease of current tenants on current terms, other than the terms described in subclause (iv) for not less than 3 years beginning after the completion of the repairs, unless the lease is terminated due to failure to pay rent, performance of an illegal act within the rental unit, or a violation of an obligation of tenancy that the tenants failed to correct after notice; and</text></item><item commented="no" display-inline="no-display-inline" indent="up1" id="idb5645bd1cd31461e87d6438389b89987"><enum>(bb)</enum><text display-inline="yes-display-inline">if the tenant of an assisted unit moves out of the assisted unit at any point in the 3-year period following the loan agreement, maintain the unit as an affordable unit for the remainder of the 3-year period;</text></item></subclause><subclause id="id4f0364aaf71449c8917e5475c16f04e2"><enum>(II)</enum><text>provide documentation verifying that the property, upon completion of approved renovations, has met all applicable State and local housing and building codes;</text></subclause><subclause id="id159b0e488cc44848933c003a8954cc4d"><enum>(III)</enum><text>attest that the landlord has no known serious violations of renter protections that have resulted in fines, penalties, or judgments during the preceding 10 years; and</text></subclause><subclause commented="no" display-inline="no-display-inline" id="idef5d640ff5c44e5286c7b6af3b5453bd"><enum>(IV)</enum><text display-inline="yes-display-inline">cap annual rent increases for each assisted unit at 5 percent of base rent or at the rate of inflation, whichever is lower, for not less than 3 years beginning after the completion of the repairs.</text></subclause></clause></subparagraph></paragraph><paragraph id="idf417861e4d3943a3b84552e3555a1c36"><enum>(4)</enum><header>Application</header><subparagraph id="idf8f4aedf2eeb4401b82abc13348fcbbc"><enum>(A)</enum><header>In general</header><text>An implementing organization desiring an award under this subsection shall submit to the Secretary an application that includes—</text><clause id="id8ffc993b02de46e1a3eb5b77ace475dd"><enum>(i)</enum><text>the geographic scope of the whole-home repairs program to be administered by the implementing organization, including the plan to address need in any rural, Tribal, suburban, or urban area within a jurisdiction; </text></clause><clause id="idc05d0105d8ee4b03b63493119aa9ad10"><enum>(ii)</enum><text>a plan for selecting subrecipients, if applicable;</text></clause><clause id="id4cacbd17b91a47e4a77bc3b3e371196c"><enum>(iii)</enum><text>a description of how the implementing organization plans to execute the coordination of Federal, State, Tribal, and local home repair programs, including programs administered by the Department of Energy, the Department of the Interior, the Department of Veteran Affairs, or the Department of Agriculture, to increase efficiency and reduce redundancy;</text></clause><clause commented="no" display-inline="no-display-inline" id="id665fdcbab97c4c75a891f53036a09a2b"><enum>(iv)</enum><text display-inline="yes-display-inline">available data on the need for affordable and quality housing within the geographic scope of the whole-home repairs program, and any plans to preserve affordability through the term of the award;</text></clause><clause id="id7a7de2ad638e44c2b0e5e98da20e521d"><enum>(v)</enum><text>a description of how the implementing organization plans to process and verify applications for grants from eligible homeowners and applications for loans from eligible landlords; and</text></clause><clause id="id7d3ac0c58f924c06888f014c633c72da"><enum>(vi)</enum><text>such other information as the Secretary requires to determine the ability of an applicant to carry out a program under this subsection. </text></clause></subparagraph><subparagraph id="idde5cae39fb054f0695000620cf5360e5"><enum>(B)</enum><header>Considerations</header><text>In making awards under this subsection, the Secretary shall—</text><clause id="id71ac79c4c93f4a55977b699a7df61d4f"><enum>(i)</enum><text>with respect to applications submitted by States other than the District of Columbia and the territories of the United States, prioritize those applications with a demonstrated plan to—</text><subclause id="id5ba118abf8de4b41a233b30ba2d0f7a5"><enum>(I)</enum><text>make a good-faith effort to implement the pilot program in every jurisdiction; and</text></subclause><subclause id="ide6ae844780ae409081d107467fb26d3b"><enum>(II)</enum><text>provide non-metropolitan areas, or subrecipients serving non-metropolitan areas if applicable, with a share of total funds commensurate with their population; </text></subclause></clause><clause id="ided1e2ac4c0094611ac54b8aedaf120e9"><enum>(ii)</enum><text>aim to select applicants so that the awardees collectively span diverse geographies, with an intent to understand the impact of the pilot program under this subsection in urban, suburban, rural, and Tribal settings; and</text></clause><clause id="id381da371881b46db878405ac0a05e4e9"><enum>(iii)</enum><text>not disqualify implementing organizations that were awarded grants under the pilot program in prior application cycles. </text></clause></subparagraph></paragraph><paragraph id="idad0d2a88f4964c9094c6465e4835cae9"><enum>(5)</enum><header>Program information</header><text>The Secretary shall make available to grant recipients under this subsection information regarding existing Federal programs for which grant recipients may coordinate or provide assistance in coordinating applications for those programs in accordance with paragraph (2)(C).</text></paragraph><paragraph id="id19a0fde7e81c488b95c02d3f50ff3004"><enum>(6)</enum><header>Grant number</header><text>In each year in which an award is made under this subsection, the Secretary shall award assistance to—</text><subparagraph id="id2077b47e027c4f9b9852509c52a62218"><enum>(A)</enum><text>not less than 2, and not more than 10, implementing organizations, as application numbers and funding permit; and</text></subparagraph><subparagraph id="idc3d1fd42acd74aa8929668760d651cc0"><enum>(B)</enum><text>not more than 1 implementing organization in any State.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id0270e7fda05c4d36a4e5a6e692945604"><enum>(7)</enum><header>Loans that are not forgiven</header><text>If a loan made by an implementing organization under paragraph (2)(B) is not forgiven, the loan repayment funds shall be reused by the implementing organization for a new whole-home repair grant or loan under this subsection, which shall remain subject to the original terms of the assistance awarded under this subsection.</text></paragraph><paragraph id="id891c9501afbd4c7dbffef48cb1846168"><enum>(8)</enum><header>Supplement, not supplant</header><text>Amounts awarded under this subsection to implementing organizations shall supplement, not supplant, other Federal, State, Tribal, and local funds made available to those entities.</text></paragraph><paragraph id="id2f56bb0652054745bb8d83ce53187ab3"><enum>(9)</enum><header>Streamlining program delivery and ensuring efficiency</header><text>To the extent possible, in carrying out the pilot program under this subsection, the Secretary shall—</text><subparagraph id="id74f5ef8def154a75a9e5d9e8d839b7d0"><enum>(A)</enum><text>endeavor to improve efficiency of service delivery, as well as the experience of and impact on the taxpayer, by encouraging programmatic collaboration and information sharing across Federal, State, Tribal, and local programs for home repair or improvement, including programs administered by the Department of Agriculture, the Department of the Interior, the Department of Veterans Affairs, or the Department of Energy; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id6c494bbef05f489c9552e60b65197b06"><enum>(B)</enum><text display-inline="yes-display-inline">enhance collaboration and cross-agency streamlining efforts that reduce the burden of multiple income verification processes and applications on the eligible homeowner, the eligible landlord, the implementing organization, and the Federal Government, including by establishing assistance application procedures for income eligibility under this subsection that recognize income eligibility determinations for assistance using any of the criteria under subsection (a)(3)(A) that have been used for assistance applications during the 1-year period preceding the date on which an eligible homeowner or eligible landlord applies for assistance under this subsection. </text></subparagraph></paragraph><paragraph id="id9274a8d9218947c6a3dffe80e62de831"><enum>(10)</enum><header>Reporting requirements</header><subparagraph id="id0bbf484c77364ee49aceed603a388b7a"><enum>(A)</enum><header>Annual report</header><text>An implementing organization that receives a grant under this subsection shall submit to the Secretary an annual report on initial funding that includes— </text><clause id="idbf3cb5943c7b49d7a37d9c47f8145251"><enum>(i)</enum><text>the number of units served, including reporting on both homeownership and rental units, as well as accessible units;</text></clause><clause id="id7d61389a3744486684f3aa39076e9737"><enum>(ii)</enum><text>the average cost per unit for modifications or repairs and the nature of those modifications or repairs, including reporting on accessibility in both homeownership and rental units;</text></clause><clause id="idff2b0add01584e8e89599cd486bba67a"><enum>(iii)</enum><text>the number of applications received, served, denied, or not completed, disaggregated by geographic area;</text></clause><clause id="ide94c43ab19e4444890f1d97a1eeb9c68"><enum>(iv)</enum><text>the aggregated demographic data of grant recipients, which may include data on income range, urban, suburban, and rural residency, age, and racial and ethnic identity;</text></clause><clause commented="no" display-inline="no-display-inline" id="id9454fdf965fc4387955c10706a1f7116"><enum>(v)</enum><text display-inline="yes-display-inline">the aggregated demographic data of loan recipients, which may include data on income range, urban, suburban, and rural residency, age, and racial and ethnic identity; </text></clause><clause id="id4316ef2d534842ae91830a939b003ee3"><enum>(vi)</enum><text>an affirmation that the implementation organization has complied with the applicable regulations, including compliance with Federal accessibility requirements;</text></clause><clause id="id4e61a72fcc0c4069b142d45c7fa5bc2e"><enum>(vii)</enum><text>in the first year of receiving a grant, and as certified in subsequent reports, a comprehensive plan to prevent waste, fraud, and abuse in the administration of the pilot program, which shall include, at a minimum—</text><subclause id="idaa3d68e546eb4f2d9551f2073ff91374"><enum>(I)</enum><text>a policy enacted and enforced by the implementing organization to monitor ongoing expenditures under this subsection and ensure compliance with applicable regulations;</text></subclause><subclause id="idd00fb4a2fe9548559ff01659e585a13c"><enum>(II)</enum><text>a policy enacted and enforced by the implementing organization to detect and deter fraudulent activity, including fraud occurring in individual projects and patterns of fraud by parties involved in the expenditure of funds under this subsection; </text></subclause><subclause id="ide5bfca3d3ed74748a321f3803e985d99"><enum>(III)</enum><text>a statement setting forth any violations detected by the implementing organization during the previous calendar year, including details about steps taken to achieve compliance and any remedial measures; and</text></subclause><subclause id="id3f070470a6f44a3e8519f05c72f4054c"><enum>(IV)</enum><text>a certification by the chief executive or most senior compliance officer of the organization that the organization maintains sufficient staff and resources to effectively carry out the above-mentioned policies; and</text></subclause></clause><clause id="id9f000ac2e521483db9f908ac7d2a2c7e"><enum>(viii)</enum><text>such other information as the Secretary may require. </text></clause></subparagraph><subparagraph id="id133a0b615a35435bb1e0b0252fdd8612"><enum>(B)</enum><header>Reporting requirement alignment</header><text>To limit the costs of implementing the pilot program under this subsection, the Secretary shall endeavor, to the extent possible, to structure reporting requirements such that they align with the data reporting requirements in place for funding streams that implementing organizations are likely to use together with funding from this subsection, including the reporting requirements under—</text><clause commented="no" display-inline="no-display-inline" id="id15b13e30299d4e78b0b4f4190c1d832b"><enum>(i)</enum><text display-inline="yes-display-inline">the Community Development Block Grant program under title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5301">42 U.S.C. 5301 et seq.</external-xref>); </text></clause><clause commented="no" display-inline="no-display-inline" id="id80EAFC6BF8F645E29857BC0B15F2E3ED"><enum>(ii)</enum><text display-inline="yes-display-inline">the HOME Investment Partnerships program under subtitle A of title II of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12741">42 U.S.C. 12741 et seq.</external-xref>); </text></clause><clause commented="no" display-inline="no-display-inline" id="id481aae3b6cc341e797d6d21754a39bcd"><enum>(iii)</enum><text display-inline="yes-display-inline">the Weatherization Assistance Program for low-income persons established under part A of title IV of the Energy Conservation and Production Act (<external-xref legal-doc="usc" parsable-cite="usc/42/6861">42 U.S.C. 6861 et seq.</external-xref>); and</text></clause><clause commented="no" display-inline="no-display-inline" id="ide63c5830260a42d282867be012674b2f"><enum>(iv)</enum><text>the Native American Housing Assistance and Self-Determination Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/25/4101">25 U.S.C. 4101 et seq.</external-xref>).</text></clause></subparagraph><subparagraph id="id566ef1377c7244caacce05d4dd664948"><enum>(C)</enum><header>Pilot program period reports</header><text>Not less frequently than twice during the period in which the pilot program established under this subsection operates, the Office of Inspector General of the Department of Housing and Urban Development shall complete an assessment of the implementation of measures to ensure the fair and legitimate use of the pilot program.</text></subparagraph><subparagraph id="idfa836683be7a4ca485215e2790109e94"><enum>(D)</enum><header>Summary to Congress</header><text>The Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives an annual report providing a summary of the data provided under subparagraphs (A) and (C) during the 1-year period preceding the report and all data previously provided under those subparagraphs.</text></subparagraph></paragraph><paragraph id="idf07568fbbe604c588bfcaffea2afc589"><enum>(11)</enum><header>Environmental review</header><text>A grant under this subsection shall be—</text><subparagraph commented="no" display-inline="no-display-inline" id="id866dc93443ea47bebf33d2cc6704985e"><enum>(A)</enum><text display-inline="yes-display-inline">treated as assistance for a special project for purposes of section 305(c) of the Multifamily Housing Property Disposition Reform Act of 1994 (<external-xref legal-doc="usc" parsable-cite="usc/42/3547">42 U.S.C. 3547</external-xref>); and </text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id71025cac38a14a7c83e9558497465685"><enum>(B)</enum><text display-inline="yes-display-inline">subject to the regulations promulgated by the Secretary to implement such section.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ida46a3637298a45b9bf3791a027edf4ef"><enum>(12)</enum><header>Termination</header><text>The pilot program established under this subsection shall terminate on October 1, 2031. </text></paragraph></subsection></section><section id="id2e6c8715603d40ec8ba4878547862b3b"><enum>204.</enum><header display-inline="yes-display-inline">Community Investment and Prosperity Act</header><subsection id="id1969c2f5252146628371742dbfd6f592"><enum>(a)</enum><header>Revised Statutes</header><text>The paragraph designated as the <quote>Eleventh</quote> of section 5136 of the Revised Statutes of the United States (<external-xref legal-doc="usc" parsable-cite="usc/12/24">12 U.S.C. 24</external-xref>) is amended, in the fifth sentence, by striking <quote>15</quote> each place the term appears and inserting <quote>20</quote>.</text></subsection><subsection id="idb8eb8e78b4aa49cfb68a58f3cb8de848"><enum>(b)</enum><header>Federal Reserve Act</header><text>Section 9(23) of the Federal Reserve Act (<external-xref legal-doc="usc" parsable-cite="usc/12/338a">12 U.S.C. 338a</external-xref>) is amended, in the fifth sentence, by striking <quote>15</quote> each place the term appears and inserting <quote>20</quote>.</text></subsection></section><section commented="no" display-inline="no-display-inline" id="id56fe9875c5ac41ebb49eb0eb27d63128"><enum>205.</enum><header>Build Now Act</header><subsection commented="no" display-inline="no-display-inline" id="id65edba628e6a46a9ba25653ce6ec0226"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section:</text><paragraph id="idb616a11061b04728af13c8d222a541f7"><enum>(1)</enum><header>Covered recipient</header><text>The term <term>covered recipient</term> means a metropolitan city or urban county, as those terms are defined in section 102 of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5302">42 U.S.C. 5302</external-xref>), that receives funds under section 106.</text></paragraph><paragraph id="id581a2ab6d8c441c59e3c6bdf9190958f"><enum>(2)</enum><header>Current annual growth rate</header><text>The term <term>current annual growth rate</term>, with respect to an eligible recipient and a fiscal year, means the average annual percentage increase in the number of housing units in the jurisdiction of the eligible recipient, as calculated by the Secretary, during the period—</text><subparagraph id="id8f890508dd794db0b4620748bd63ec6b"><enum>(A)</enum><text>beginning with the third quarter of the sixth preceding fiscal year; and</text></subparagraph><subparagraph id="id77d0250102eb44b4a370ab3ab0bdb3bc"><enum>(B)</enum><text>ending with the third quarter of the preceding fiscal year.</text></subparagraph></paragraph><paragraph id="id497f6246099840018463c19f0b17ca2e"><enum>(3)</enum><header>Eligible recipient</header><text>The term <term>eligible recipient</term> means any covered recipient unless—</text><subparagraph id="idd920e8a499c640f8adb1d54e62c71e05"><enum>(A)</enum><clause commented="no" display-inline="yes-display-inline" id="idb6cc80dfbfc04985a344343530971514"><enum>(i)</enum><text>the median Small Area Fair Market Rent in the jurisdiction of the covered recipient is at or below the 60th percentile of median Small Area Fair Market Rents in the jurisdictions of all covered recipients; and</text></clause><clause id="id2963b7cb7d2444c691ad545fce8c80f0" indent="up1"><enum>(ii)</enum><text>the median home value in the jurisdiction of the covered recipient is below the median home value for the United States;</text></clause></subparagraph><subparagraph id="idaf6437ae91ae47baafddcffc7f07e0e8"><enum>(B)</enum><text>the annual rental vacancy rate in the jurisdiction of the covered recipient is greater than the national annual rental vacancy rate for the most recent year available, as published by the Bureau of the Census;</text></subparagraph><subparagraph id="id217be78a4fea411099e54142fc9aa2d2"><enum>(C)</enum><text>during the 1-year period preceding the date on which the Secretary allocates funds under section 106, the jurisdiction of the covered recipient has been the subject of a major disaster or emergency declaration under section 401 or 501, respectively, of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5170">42 U.S.C. 5170</external-xref>, 5191); or</text></subparagraph><subparagraph id="idcbf4b489d9c6483cb7e82a35a5a2a7af"><enum>(D)</enum><text>the covered recipient lacks the legal authority to enact or update zoning and permitting ordinances.</text></subparagraph></paragraph><paragraph id="id6eb762f1d8614a3495861b3249e72e1b"><enum>(4)</enum><header>Extremely high-growth recipient</header><text>The term <term>extremely high-growth recipient</term> means an eligible recipient for which the current annual growth rate is at or above 4 percent.</text></paragraph><paragraph id="id49ec5c43e3b04506af0e136b8e50339d"><enum>(5)</enum><header>Housing growth improvement rate</header><text>The term <term>housing growth improvement rate</term>, with respect to an eligible recipient and a fiscal year, means the quotient of—</text><subparagraph id="idc7072443c83a44cc9f81beb755489cda"><enum>(A)</enum><clause commented="no" display-inline="yes-display-inline" id="idefabd1d21bfe41c9be9f668e451ceda1"><enum>(i)</enum><text>the current annual growth rate of the eligible recipient, minus</text></clause><clause commented="no" display-inline="no-display-inline" indent="up1" id="id3cf757b9d9004adf8afeec5f9d8224b7"><enum>(ii)</enum><text>the prior annual growth rate of the eligible recipient; and</text></clause></subparagraph><subparagraph id="idbb09b49c43134f90b01c705866ad47c8"><enum>(B)</enum><text>the sum obtained by adding the absolute values of the current annual growth rate and the prior annual growth rate of the eligible recipient.</text></subparagraph></paragraph><paragraph id="id2f7c5e03321a4017a10710f45947ab7f"><enum>(6)</enum><header>Prior annual growth rate</header><text>The term <term>prior annual growth rate</term>, with respect to an eligible recipient and a fiscal year, means the average annual percentage increase in the number of housing units in the jurisdiction of the eligible recipient, as calculated by the Secretary, during the period—</text><subparagraph id="id199a1eea836d41b78aad1c0209a43f52"><enum>(A)</enum><text>beginning with the third quarter of the 11th preceding fiscal year; and</text></subparagraph><subparagraph id="id665ec84b7b264c82b35f3c72b9602a93"><enum>(B)</enum><text>ending with the third quarter of the sixth preceding fiscal year.</text></subparagraph></paragraph><paragraph id="id75672c413182472da409b480cdffe27b"><enum>(7)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph><paragraph id="id14302da7b77f4876911ad6fa03912952"><enum>(8)</enum><header>Section 106</header><text>The term <term>section 106</term> means section 106 of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5306">42 U.S.C. 5306</external-xref>).</text></paragraph></subsection><subsection id="idc636e75d6dce4d19b46b69b503040a30"><enum>(b)</enum><header>Adjustments to community development block grant allocations</header><paragraph id="idef3b52e882964b5695f5384ed123f0eb"><enum>(1)</enum><header>In general</header><text>In allocating amounts to an eligible recipient under section 106 for a fiscal year, the Secretary shall adjust the allocation based on the housing growth improvement rate of the eligible recipient, in accordance with paragraph (2) of this subsection.</text></paragraph><paragraph id="id933952046167498ead53af8fb683c2f0"><enum>(2)</enum><header>Adjustments</header><subparagraph id="idc1d5983688614c7b9178a7b02be8f13e"><enum>(A)</enum><header>Housing growth improvement rate at or above median; extremely high-growth recipients</header><clause id="id446086af33474cb3a490fe6ff54ca1f7"><enum>(i)</enum><header>In general</header><text>If, with respect to a fiscal year for which the allocation under section 106 is being determined, the housing growth improvement rate for an eligible recipient is at or above the median housing growth improvement rate for all eligible recipients other than extremely high-growth recipients, or if an eligible recipient is an extremely high-growth recipient, the Secretary shall allocate to the eligible recipient for that fiscal year, in addition to the amount that would otherwise be allocated to the eligible recipient under section 106, a bonus amount, as determined under clause (ii) of this subparagraph.</text></clause><clause id="id4f2673c20edf462080ac297fa675376f"><enum>(ii)</enum><header>Bonus amount</header><text>For purposes of clause (i), the bonus amount for an eligible recipient for a fiscal year shall be equal to the product of—</text><subclause id="id06ec9320bc4e49339ec818b37e47dd06"><enum>(I)</enum><text>the aggregate amount by which allocations to eligible recipients are decreased under subparagraph (B) for that fiscal year; and</text></subclause><subclause id="id1026d21ca2f74811831c0c130b8e82dd"><enum>(II)</enum><text>the quotient of—</text><item id="idd83bfdb8b2844bfb80d888ac4a2979d1"><enum>(aa)</enum><text>the number of housing units, as of the third quarter of the preceding fiscal year, in the jurisdiction of the eligible recipient, as calculated by the Secretary; and</text></item><item id="id1c5c0d3726ed45149f04edc4c4faed75"><enum>(bb)</enum><text>the number of housing units, as of the third quarter of the preceding fiscal year, in the jurisdictions of all eligible recipients that receive a bonus amount under this paragraph, as calculated by the Secretary.</text></item></subclause></clause></subparagraph><subparagraph id="id1529d1c1f0694bbbbfaacfeb6f587d0a"><enum>(B)</enum><header>Housing growth improvement rate below median</header><text>If, with respect to a fiscal year for which the allocation under section 106 is being determined, the housing growth improvement rate for an eligible recipient is below the median housing growth improvement rate for all eligible recipients other than high-growth outliers, the Secretary shall decrease the amount that would otherwise be allocated to the eligible recipient under section 106 for that fiscal year by 10 percent.</text></subparagraph></paragraph></subsection><subsection id="id8aa1a810be6e4792ae922df13b0ea7c7"><enum>(c)</enum><header>Calculation of housing units</header><paragraph id="iddc5f5b1f12f940f09b2e77658db451a4"><enum>(1)</enum><header>Housing and Urban Development requirements</header><text>In calculating the number of housing units in the jurisdiction of an eligible recipient under any provision of this section, the Secretary shall—</text><subparagraph id="id0d900dc8fef2471ba380fa9dba6d0436"><enum>(A)</enum><text>use the Current Address Count Listing Files and other data products, as needed, of the Bureau of the Census tabulated from the Master Address File; and</text></subparagraph><subparagraph id="idfd8472f528d344f8b5bf2edc8afb30cd"><enum>(B)</enum><text>make calculations at the block level, using boundaries that reflect the most current boundaries.</text></subparagraph></paragraph><paragraph id="idd2cd1728261f4d41ac2e7b1ffd47add1"><enum>(2)</enum><header>Census Bureau and Postal Service requirements</header><text>The Bureau of the Census and the United States Postal Service shall provide any relevant data to the Secretary upon request to assist the Secretary in making a calculation described in paragraph (1).</text></paragraph><paragraph id="id617da7e9390f433b83c45981da013d94"><enum>(3)</enum><header>Adjustment of calculation periods</header><text>The Secretary may adjust the calculation periods under subparagraphs (A) and (B) of subsection (a)(2), subparagraphs (A) and (B) of subsection (a)(6), and items (aa) and (bb) of subsection (b)(2)(A)(ii)(II) by not more than 2 months to achieve alignment with the data provided by the Bureau of the Census.</text></paragraph></subsection><subsection id="id8c6ff640e83e4893893de9395d4359b8"><enum>(d)</enum><header>Annual report on housing growth improvement rate</header><text display-inline="yes-display-inline">Before allocating funds under section 106 for a fiscal year, the Secretary shall publish a report that—</text><paragraph id="id61c38f5f282d4ae19fffc090cc44b54c"><enum>(1)</enum><text>includes the housing growth improvement rate for each eligible recipient; and</text></paragraph><paragraph id="idd45b98c6d58d4d8688ff51f4c7d8582f"><enum>(2)</enum><text>lists, for the most recent fiscal year for which allocations were made under section 106—</text><subparagraph id="id3aa13b9d60d64bdc97600fd84e2eb2a7"><enum>(A)</enum><text>the eligible recipients that received a bonus amount under subsection (b)(2)(A); and</text></subparagraph><subparagraph id="id098317d42de74ddfa8f02d218af92ae3"><enum>(B)</enum><text>the eligible recipients for which the allocation under section 106 was decreased under subsection (b)(2)(B) of this section.</text></subparagraph></paragraph></subsection><subsection id="id89c86036d5484040b8c360da5e094139"><enum>(e)</enum><header>Notification; implementation dates</header><paragraph id="idb55246643ae140f1bf085eb4533e8e86"><enum>(1)</enum><header>Notification</header><subparagraph id="idfa222a70f139460dbfffed141d5bf1f2"><enum>(A)</enum><header>In general</header><text>Not later than 60 days after the date of enactment of this Act, the Secretary shall notify each eligible recipient of the recipient’s housing growth improvement rate and whether that housing growth improvement rate is above, at, or below the median housing growth improvement rate for all eligible recipients other than extremely high-growth recipients.</text></subparagraph><subparagraph id="id74cd600db985445d89b171275fc5042d"><enum>(B)</enum><header>Guidance</header><text>As part of the notification under subparagraph (A), the Secretary shall share guidance, including resources developed by the Department of Housing and Urban Development, on best practices and recommendations for policies to reduce regulatory barriers to housing and increase housing supply.</text></subparagraph></paragraph><paragraph id="id33b9eed897d64553ae27f162859cb5bf"><enum>(2)</enum><header>Implementation dates</header><text>Subsection (b) shall take effect beginning with the third full fiscal year after the date of enactment of this Act and remain in effect through fiscal year 2043.</text></paragraph><paragraph id="idcc36929f8f7e4b60911baf4e2ca11f6c"><enum>(3)</enum><header>No effect on previous appropriations</header><text>This section shall not apply to amounts appropriated before the date of enactment of this Act.</text></paragraph></subsection></section><section id="H03686466435140C7A0F8E56FB1E04D8A"><enum>206.</enum><header>Addition of affordable housing construction as an eligible activity</header><subsection id="H81A372DB75CB47DFA6BEB6FD34A8088A"><enum>(a)</enum><header>Eligible activity</header><text>Section 105(a) of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5305">42 U.S.C. 5305(a)</external-xref>) is amended—</text><paragraph id="H5891718A0B414087A7F6E0C74823E642"><enum>(1)</enum><text>in paragraph (25)(D), by striking <quote>and</quote> at the end;</text></paragraph><paragraph id="H383DE580CAD84F248878915B5FB5D728"><enum>(2)</enum><text>in paragraph (26), by striking the period at the end and inserting <quote>; and</quote>; and</text></paragraph><paragraph id="H74767F3D1CE64F44874FB156E25CFBE8"><enum>(3)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" id="H35EBBD9D77E045E0B1C314AD0793C5B2"><paragraph commented="no" id="HD9986FA4EA094A89982D36E59A3BB359"><enum>(27)</enum><text display-inline="yes-display-inline">the new construction of affordable housing, within the meaning given such term under section 215 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12745">42 U.S.C. 12745</external-xref>), and which shall not exceed 20 percent of the amounts allocated to the recipient.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="H5A445649CDE94B188678C8DDF6F72839"><enum>(b)</enum><header>Low- and moderate-income requirement</header><text>Section 105(c)(3) of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5305">42 U.S.C. 5305(c)(3)</external-xref>) is amended by striking <quote>or rehabilitation</quote> and inserting <quote>, rehabilitation, or new construction</quote>.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="H0AF21E637518499995427162DDC98143"><enum>(c)</enum><header>Applicability</header><text>The amendments made by this section shall apply with respect only to amounts appropriated after the date of enactment of this Act.</text></subsection></section><section id="id40dc617211174f7ebaa7c57bd938a191"><enum>207.</enum><header>Better Use of Intergovernmental and Local Development (BUILD) Housing Act</header><subsection commented="no" display-inline="no-display-inline" id="ida29764924ef0480ab78a19613974bafa"><enum>(a)</enum><header display-inline="yes-display-inline">Designation of environmental review procedure</header><text display-inline="yes-display-inline">The Department of Housing and Urban Development Act (<external-xref legal-doc="usc" parsable-cite="usc/42/3531">42 U.S.C. 3531 et seq.</external-xref>) is amended by inserting after section 12 (<external-xref legal-doc="usc" parsable-cite="usc/42/3537a">42 U.S.C. 3537a</external-xref>) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id69f4398bd87f44c6911607a9ec4cdbd4"><section id="id0bfab3fe10764e7892bf62701eb771d3"><enum>13.</enum><header>Designation of environmental review procedure</header><subsection id="id9185caa8b41847dca0dcd67f2ac888f1"><enum>(a)</enum><header>In general</header><text>Except as provided in subsection (b), the Secretary may, for purposes of environmental review, decision making, and action pursuant to the National Environmental Policy Act of 1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4321">42 U.S.C. 4321 et seq.</external-xref>), and other provisions of law that further the purposes of such Act, designate the treatment of assistance administered by the Secretary as funds for a special project for purposes of section 305(c) of the Multifamily Housing Property Disposition Reform Act of 1994 (<external-xref legal-doc="usc" parsable-cite="usc/42/3547">42 U.S.C. 3547</external-xref>).</text></subsection><subsection id="id9cf6e1af8f104fe39b181d24e3a8851d"><enum>(b)</enum><header>Exception</header><text>The designation described in subsection (a) shall not apply to assistance for which a procedure for carrying out the responsibilities of the Secretary under the National Environmental Policy Act of 1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4321">42 U.S.C. 4321 et seq.</external-xref>), and other provisions of law that further the purposes of such Act, is otherwise specified in law.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id9e252291b19443da9f1da76419b30c50"><enum>(b)</enum><header>Tribal assumption of environmental review obligations</header><text display-inline="yes-display-inline">Section 305(c) of the Multifamily Housing Property Disposition Reform Act of 1994 (<external-xref legal-doc="usc" parsable-cite="usc/42/3547">42 U.S.C. 3547</external-xref>) is amended—</text><paragraph id="id102d27a957b245b091d90523c1ab0996"><enum>(1)</enum><text>by striking <quote>State or unit of general local government</quote> each place it appears and inserting <quote>State, Indian tribe, or unit of general local government</quote>;</text></paragraph><paragraph id="id26f6a89c64a840fe8b968846f4fe8bed"><enum>(2)</enum><text>in paragraph (1)(C), in the heading, by striking <quote><header-in-text level="paragraph" style="OLC">State or unit of general local government</header-in-text></quote> and inserting <quote><header-in-text level="paragraph" style="OLC">State, Indian tribe, or unit of general local government</header-in-text></quote>; and</text></paragraph><paragraph id="id747b737e30184290a68667250052877b"><enum>(3)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idab6fcb74150941348b5e566f50b0071f"><paragraph id="id641d86aa41dd46b8b7fe4ad9da0094d2"><enum>(5)</enum><header>Definition of Indian tribe</header><text>For purposes of this subsection, the term <term>Indian tribe</term> means a federally recognized tribe, as defined in section 4(13)(B) of the Native American Housing Assistance and Self-Determination Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/25/4103">25 U.S.C. 4103(13)(B)</external-xref>).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id67af2dfb721841268b22e5f03e5240f5"><enum>(c)</enum><header>Implementation</header><paragraph commented="no" display-inline="no-display-inline" id="id16f0cdadca774db1b568fbb51bcc20c3"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text>Except as provided in paragraph (2), a designation of assistance under section 13 of the Department of Housing and Urban Development Act, as added by subsection (a), shall only apply with respect to funds appropriated after the date of enactment of this Act.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id4f68a7d7e70648d79ccb21992bd5ce16"><enum>(2)</enum><header>Exception</header><text>If a grantee of assistance administered by the Secretary of Housing and Urban Development combines funds appropriated before and after the date of enactment of this Act to carry out a project, section 13 of the Department of and Urban Development Act, as added by subsection (a), shall not apply to that assistance.</text></paragraph></subsection></section><section id="id21a83ead5f7843eca2fb3eb409c33e8a"><enum>208.</enum><header>Unlocking Housing Supply Through Streamlined and Modernized Reviews Act</header><subsection commented="no" display-inline="no-display-inline" id="id6709ba8bb30e4aa1ad8d4cd540c055d5"><enum>(a)</enum><header>Definitions</header><text display-inline="yes-display-inline">In this section:</text><paragraph commented="no" display-inline="no-display-inline" id="ide79b3ccf8c1545379dc3afd5803c8dc2"><enum>(1)</enum><header>Infill project</header><text display-inline="yes-display-inline">The term <term>infill project</term> means a project that—</text><subparagraph id="idc6bbea042ba14d34ad320af2de873386"><enum>(A)</enum><text>occurs within the geographic limits of a municipality;</text></subparagraph><subparagraph id="id76e0d0611da54868b8ff89c7a55f7bb7"><enum>(B)</enum><text>is adequately served by existing utilities and public services as required under applicable law;</text></subparagraph><subparagraph id="id3f195ab694674ec8b6b4013779dc140c"><enum>(C)</enum><text>is located on a site of previously disturbed land of not more than 5 acres and substantially surrounded by residential or commercial development;</text></subparagraph><subparagraph id="id4256c403579a4cceb5e9301d0ef248c2"><enum>(D)</enum><text>will repurpose a vacant or underutilized parcel of land, or a dilapidated or abandoned structure; and</text></subparagraph><subparagraph id="idc9db2ae7081c4550b4eb3f6cd862c9be"><enum>(E)</enum><text>will serve a residential or commercial purpose.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7283414bd37b47c5a42d2bd36c5fa06d"><enum>(2)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph></subsection><subsection id="ide4ebf3b5f23a4fcbbe6f2ca991b9d244"><enum>(b)</enum><header>NEPA streamlining for HUD housing-related activities</header><paragraph id="idc00e4140dae5440b898248fbc778eafb"><enum>(1)</enum><header>In general</header><text>The Secretary shall, in accordance with section 553 of title 5, United States Code, and section 103 of the National Environmental Policy Act of 1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4333">42 U.S.C. 4333</external-xref>), expand and reclassify housing-related activities under the necessary administrative regulations as follows:</text><subparagraph id="id39aadceae4514677b93448c2937b9d9d"><enum>(A)</enum><text>The following housing-related activities shall be subject to regulations equivalent or substantially similar to the regulations entitled <quote>exempt activities</quote> as set forth in section 58.34 of title 24, Code of Federal Regulations, as in effect on January 1, 2025:</text><clause id="id3b16352c2e114b60bec81a811d72ffef"><enum>(i)</enum><text>Tenant-based rental assistance.</text></clause><clause id="idb1609d239d654656b1b8c085c1ea57d3"><enum>(ii)</enum><text>Supportive services, including health care, housing services, permanent housing placement, day care, nutritional services, short-term payments for rent, mortgage, or utility costs, and assistance in gaining access to Federal Government and State and local government benefits and services.</text></clause><clause id="id3d8467e481094bc1b79ec78b2479fafd"><enum>(iii)</enum><text>Operating costs, including maintenance, security, operation, utilities, furnishings, equipment, supplies, staff training, and recruitment and other incidental costs.</text></clause><clause id="id5c2ee037d13c4270b1da56b2d8718983"><enum>(iv)</enum><text>Economic development activities, including equipment purchases, inventory financing, interest subsidies, operating expenses, and similar costs not associated with construction or expansion of existing operations.</text></clause><clause id="id2823645f46ba45f38053d80d6c93fc9b"><enum>(v)</enum><text>Activities to assist homebuyers in the purchase of existing dwelling units or dwelling units under construction, including closing costs and down payment assistance, interest rate buydowns, and similar activities that result in the transfer of title.</text></clause><clause id="idb2d659acf4c74b10a86a811c3e388923"><enum>(vi)</enum><text>Affordable housing pre-development costs related to obtaining site options, project financing, administrative costs and fees for loan commitment, zoning approvals, and other related activities that do not have a physical impact.</text></clause><clause id="id2ae2cc3cb10e4dd8bb6789584ac8d19d"><enum>(vii)</enum><text>Approval of supplemental assistance, including insurance or guarantee, to a project previously approved by the Secretary.</text></clause><clause id="id19a54c230fb14dd595a065d307d6ad35"><enum>(viii)</enum><text>Emergency homeowner or renter assistance for the repair or replacement of HVAC, hot water heaters, and other necessary existing utilities required under applicable law.</text></clause></subparagraph><subparagraph id="id077a64972fad428b85ae552abbac9904"><enum>(B)</enum><text>The following housing-related activities shall be subject to regulations equivalent or substantially similar to the regulations entitled, (i) <quote>categorical exclusions not subject to section 58.5</quote> and (ii) <quote>categorical exclusions not subject to the Federal laws and authorities cited in section 50.4</quote> in section 58.35(b) and section 50.19, respectively of title 24, Code of Federal Regulations, as in effect on January 1, 2025, if such activities do not materially alter environmental conditions and do not materially exceed the original scope of the project:</text><clause id="idfdd8a18dc0cf4e96a0110a6877da75cb"><enum>(i)</enum><text>Acquisition, repair, improvement, reconstruction, or rehabilitation of public facilities and improvements (other than buildings) if the facilities and improvements are in place and will be retained in the same use without change in size or capacity of more than 20 percent, including replacement of water or sewer lines, reconstruction of curbs and sidewalks, and repaving of streets.</text></clause><clause id="id1fdeb4b9983b4849b4465094436c6339"><enum>(ii)</enum><text>Rehabilitation of 1-to-4 unit residential buildings, and existing housing-related infrastructure, such as repairs or rehabilitation of existing wells, septics, or utility lines that connect to that housing.</text></clause><clause id="idd19ff28d3d1b47cb9023f3df60e395cd"><enum>(iii)</enum><text>New construction, development, demolition, acquisition, or disposition of up to 4 scattered site existing dwelling units where there is a maximum of 4 units on any 1 site.</text></clause><clause id="id80ccf689c1514470b6139bc323e3c8ce"><enum>(iv)</enum><text>Acquisitions (including leasing) of, disposition of, or equity loans on an existing structure, or acquisition (including leasing) of vacant land if the structure or land acquired, financed, or disposed of will be retained for the same use.</text></clause></subparagraph><subparagraph id="id5d9e2af2456e4eecad6fef77b913117c"><enum>(C)</enum><text>The following housing-related activities shall be subject to regulations equivalent or substantially similar to the regulations entitled, (i) <quote>categorical exclusions subject to section 58.5</quote> and (ii) <quote>categorical exclusions subject to the Federal laws and authorities cited in section 50.4</quote> in section 58.35(a) and section 50.20, respectively, of title 24, Code of Federal Regulations, as in effect on January 1, 2025, if such activities do not materially alter environmental conditions and do not materially exceed the original scope of the project:</text><clause id="id52aadb8c6fcc47c3b3de28894f191bc7"><enum>(i)</enum><text>Acquisitions of open space or residential property, where such property will be retained for the same use or will be converted to open space to help residents relocate out of an area designated as a high-risk area by the Secretary.</text></clause><clause id="id9a8a630c0aa44c25849e870ad48fa2ea"><enum>(ii)</enum><text>Conversion of existing office buildings into residential development, subject to—</text><subclause commented="no" display-inline="no-display-inline" id="idd2fd7e5e6a2d432cb5c895ad5bd1d622"><enum>(I)</enum><text display-inline="yes-display-inline">a maximum number of units to be determined by the Secretary; and </text></subclause><subclause commented="no" display-inline="no-display-inline" id="id3d6506331ec7434289df908917ec5619"><enum>(II)</enum><text display-inline="yes-display-inline">a limitation on the change in building size of not more than 20 percent.</text></subclause></clause><clause id="idf6d0e6d5502940eea35ea84602895308"><enum>(iii)</enum><text>New construction, development, demolition, acquisition, or disposition of 5 to 15 dwelling units where there is a maximum of 15 units on any 1 site. The units can be 15 1-unit buildings or 1 15-unit building, or any combination in between.</text></clause><clause id="ida86598a60e3c43e89d43a3222c663496"><enum>(iv)</enum><text>New construction, development, demolition, acquisition, or disposition of 15 or more housing units developed on scattered sites when there are not more than 15 housing units on any 1 site, and the sites are more than a set number of feet apart as determined by the Secretary.</text></clause><clause id="iddaf61550b3eb42519673e2f18be184c3"><enum>(v)</enum><text>Rehabilitation of buildings and improvements in the case of a building for residential use with 5 to 15 units, if the density is not increased beyond 15 units and the land use is not changed.</text></clause><clause id="id0d69ea24056443ed92519b7e95c4c8b2"><enum>(vi)</enum><text>Infill projects consisting of new construction, rehabilitation, or development of residential housing units.</text></clause><clause id="idbb33c3f067304613864f0b0c760cdac7"><enum>(vii)</enum><text>The voluntary acquisition of properties—</text><subclause commented="no" display-inline="no-display-inline" id="id33a5a27404f44cd985d007473fdb1aa7"><enum>(I)</enum><text display-inline="yes-display-inline">located in—</text><item commented="no" display-inline="no-display-inline" id="id237fccebc85745f396f84a44c2657894"><enum>(aa)</enum><text display-inline="yes-display-inline">a floodway;</text></item><item commented="no" display-inline="no-display-inline" id="id83b984ed493c4d4da26778ff8db84d58"><enum>(bb)</enum><text display-inline="yes-display-inline">a floodplain; or</text></item><item commented="no" display-inline="no-display-inline" id="ida008ca6c6945478c95153f833a9761eb"><enum>(cc)</enum><text display-inline="yes-display-inline">any other area, clearly delineated by the grantee; and</text></item></subclause><subclause commented="no" display-inline="no-display-inline" id="id98873c834d974b0ca646e508e9bc5370"><enum>(II)</enum><text display-inline="yes-display-inline">that have been impacted by a predictable environmental threat to the safety and well-being of program beneficiaries caused or exacerbated by a federally declared disaster.</text></subclause></clause></subparagraph></paragraph></subsection><subsection id="id394d09cbfe78410d89a10581e4672613"><enum>(c)</enum><header>Implementation</header><text>For purposes of implementing the streamlining of environmental review for housing-related activities under subsection (b), the agency actions carried out under that subsection—</text><paragraph commented="no" display-inline="no-display-inline" id="idcfc991073e554f058040d57878ed6a4d"><enum>(1)</enum><text display-inline="yes-display-inline">shall only apply with respect to funds appropriated after the effective date of those actions; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id3f4953bb95f2495cad22168a1bb457ad"><enum>(2)</enum><text display-inline="yes-display-inline">shall not apply with respect to a grantee that combines funds appropriated before and after the effective date of those actions to carry out a project.</text></paragraph></subsection><subsection id="id9ec61c909ce64b038541174bc6b68063"><enum>(d)</enum><header>Report</header><text display-inline="yes-display-inline">The Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives an annual report during the 5-year period beginning on the date that is 2 years after the date of enactment of this Act that provides a summary of findings of reductions in review times and administrative cost reduction, with a particular focus on the affordable housing sector, as a result of the actions set forth in this section, and any recommendations of the Secretary for future congressional action with respect to revising categorical exclusions or exemptions under title 24, Code of Federal Regulations.</text></subsection></section><section id="HAC09EC540DE84E468BC53A89C8D0CE87"><enum>209.</enum><header>Grants for planning and implementation associated with affordable housing</header><subsection id="H7407E9BC170D4AE8AF07983959A32465"><enum>(a)</enum><header>Definitions</header><text>In this section:</text><paragraph id="HF11F42B9BDAE4504846095EE932D7913"><enum>(1)</enum><header>Eligible entity</header><text>The term <term>eligible entity</term> means—</text><subparagraph id="H8F0CFEDC6B4A4D4AB82E012FF13BD6AF"><enum>(A)</enum><text>a State, insular area, metropolitan city, or urban county, as those terms are defined in section 102 of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5302">42 U.S.C. 5302</external-xref>); or</text></subparagraph><subparagraph commented="no" id="HD00005FA7729464CBA4DF1AA98872007"><enum>(B)</enum><text>a regional planning agency or consortia of regional planning agencies.</text></subparagraph></paragraph><paragraph id="H9A1C28E7C14340858F4D89A21FA04E35"><enum>(2)</enum><header>Housing plan</header><text>The term <term>housing plan</term> means a plan to, with respect to an area within the jurisdiction of an eligible entity—</text><subparagraph id="HFB91AF1877034248ABF35B7F4B26F27F"><enum>(A)</enum><text>increase the amount of available housing to meet the demand for such housing and any projected increase in the demand for such housing;</text></subparagraph><subparagraph id="H97D1A53300BC4008A3FF9ECDB350C90D"><enum>(B)</enum><text>increase the affordability of housing;</text></subparagraph><subparagraph id="H8B863658FD3142DEA686FED460A7FCB5"><enum>(C)</enum><text>increase the accessibility of housing for people with disabilities, including location-efficient housing;</text></subparagraph><subparagraph id="H83FDAC71764F412BA19CB47980112A0D"><enum>(D)</enum><text>preserve or improve the quality of housing;</text></subparagraph><subparagraph id="H0F99C631F7C7472584171CB64E1575EA"><enum>(E)</enum><text>reduce barriers to housing development; and</text></subparagraph><subparagraph id="H8DDE324F8F604EBC822598C4DE444F3C"><enum>(F)</enum><text>coordinate with transportation-related agencies.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="HEEB6083CAC784820B505C11BD21A96F4"><enum>(3)</enum><header>Housing strategy</header><text>The term <term>housing strategy</term> means a housing strategy required under section 105 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12705">42 U.S.C. 12705</external-xref>).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1bda7c92a2a04beb8dadf5088f3b1497"><enum>(4)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph></subsection><subsection id="H9DAD5A0353C54161B9D78DF041E9BB9C"><enum>(b)</enum><header>Establishment</header><text>Not later than 1 year after the date of enactment of this Act, the Secretary shall establish a program to award grants on a competitive basis to eligible entities to assist planning and implementation activities associated with affordable housing, except that such grant awards may not be used for construction, alteration, or repair work.</text></subsection><subsection id="H568992A52F3345F6871A1A53B43949E6"><enum>(c)</enum><header>Use of amounts</header><paragraph id="H5641EE850C74418FA886DF98714B8A5F"><enum>(1)</enum><header>By regional planning agencies</header><text>If an eligible entity that receives amounts under this section is an eligible entity described in subsection (a)(1)(B), the eligible entity shall use those amounts to assist planning activities with respect to affordable housing, including—</text><subparagraph id="H521403B2B85240C3B498821820DA41D6"><enum>(A)</enum><text>the development of housing plans;</text></subparagraph><subparagraph id="HB1E1A08ADA70491481E4D9C86F58DE3F"><enum>(B)</enum><text>the substantial improvement of State or local housing strategies;</text></subparagraph><subparagraph id="H1CAAFE2A40A148208E05D66AA38738F1"><enum>(C)</enum><text>the development of new regulatory requirements and processes;</text></subparagraph><subparagraph id="H9C51BC8086354DE7993C97291F2C113D"><enum>(D)</enum><text>updating zoning codes;</text></subparagraph><subparagraph id="H8C751451D48743C6887F92FC14550C0A"><enum>(E)</enum><text>increasing the capacity to conduct housing inspections;</text></subparagraph><subparagraph id="HE0F9E54944E2443EAA9C4D2A61E9D3C0"><enum>(F)</enum><text>increasing the capacity to reduce barriers to housing supply elasticity and housing affordability;</text></subparagraph><subparagraph id="H7FF347488A144F2E94A50DC1DABDEDDF"><enum>(G)</enum><text>the development of local or regional plans for community development; and</text></subparagraph><subparagraph id="H2EF13905B980438085690602CB5C857B"><enum>(H)</enum><text>the substantial improvement of community development strategies, including strategies designed to—</text><clause id="H95FCCE23B4F442E0849DCA0852A8F7A0"><enum>(i)</enum><text>increase the availability of affordable housing and access to affordable housing;</text></clause><clause id="HB82E8242250544CB91E99A5D4E434C37"><enum>(ii)</enum><text>increase access to public transportation; and</text></clause><clause id="HB46D2C4400D94D5CB41259F95FB943E7"><enum>(iii)</enum><text>advance sustainable or location-efficient community development goals.</text></clause></subparagraph></paragraph><paragraph id="H2DCA11C41E5E491699CCCB0BC5195532"><enum>(2)</enum><header>By States, insular areas, metropolitan cities, and urban counties</header><text>If an eligible entity that receives amounts under this section is an eligible entity described in subsection (a)(1)(A), the eligible entity shall use those amounts to—</text><subparagraph id="H8BB3960E810740FB9D911209C8B925EA"><enum>(A)</enum><text>implement and administer housing strategies and housing plans;</text></subparagraph><subparagraph id="H7C2F07E28A394C2DA23C73ECCAEA0EA6"><enum>(B)</enum><text>implement and administer any plans to increase housing choice, address disparities in housing needs, and provide greater access to opportunity;</text></subparagraph><subparagraph id="H8C7976C54060447FB0342399A84F3E5F"><enum>(C)</enum><text>fund any community investments that support goals identified in a housing strategy or housing plan;</text></subparagraph><subparagraph id="H185DF304279F412BB39D1A9D5DC521EE"><enum>(D)</enum><text>implement and administer regulatory requirements and processes with respect to reformed zoning codes;</text></subparagraph><subparagraph id="H5434D71FCC064D31A25A123F49E25CAE"><enum>(E)</enum><text>increase the capacity to conduct housing inspections;</text></subparagraph><subparagraph id="HB2849342827C4CDA8CC1C57E0D9461B1"><enum>(F)</enum><text>increase the capacity to reduce barriers to housing supply elasticity and housing affordability;</text></subparagraph><subparagraph id="H1C4994D1A1AD4594814C4DAC96746FFE"><enum>(G)</enum><text>implement and administer local or regional plans for community development; and</text></subparagraph><subparagraph id="H12B2BE16112D4E2581F0B7FA7350EFE4"><enum>(H)</enum><text>fund any planning to increase—</text><clause id="H1BB44929CDDB4213A6CB7C55ABF9D233"><enum>(i)</enum><text>the availability of affordable housing and access to affordable housing;</text></clause><clause id="H41C278CB2B394484B501D0812A7BE680"><enum>(ii)</enum><text>access to public transportation; and</text></clause><clause id="H2B9F9DAE5F844681AF9BCF05D47147BA"><enum>(iii)</enum><text>any location-efficient community development goals.</text></clause></subparagraph></paragraph><paragraph id="HF147F919C6E249E29B4D261C056D4E2B"><enum>(3)</enum><header>Use for administrative costs</header><text>A eligible entity that receives amounts under this section may not use more than 10 percent of those amounts for administrative costs.</text></paragraph></subsection><subsection id="H85558808E9D4407F9E2DF77595FBEDAD"><enum>(d)</enum><header>Coordination</header><text>To the extent practicable, the Secretary shall coordinate with the Administrator of the Federal Transit Administration in carrying out this section.</text></subsection><subsection id="HAA4F08692AD24DE6B90561033CDD96C7"><enum>(e)</enum><header>Expiration of authority</header><text>After the expiration of the 5-year period beginning on the date of enactment of this Act, the Secretary may not newly establish a program as described in this section.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="H9F08E87DADF84DF6A6BFA5F25501B48E"><enum>(f)</enum><header>Sunset</header><text display-inline="yes-display-inline">The program established under this section shall terminate on the date that is 5 years after the date of enactment of this Act.</text></subsection></section><section id="id72218011c1504440be60fa3cd28fa2a4"><enum>210.</enum><header>Innovation Fund</header><subsection id="id948fece5af264ba8b316033672fa57da"><enum>(a)</enum><header>Definitions</header><text display-inline="yes-display-inline">In this section:</text><paragraph id="id7fce436f097647c6a439c672a4874809"><enum>(1)</enum><header>Attainable housing</header><text>The term <term>attainable housing</term> means housing that serves households earning not more than 120 percent of the area median income, if the majority of the housing units are affordable to households earning not more than 60 percent of the area median income.</text></paragraph><paragraph id="id6f0f564adc3c4ce18ca8f46c46b19615"><enum>(2)</enum><header>Eligible entity</header><text>The term <term>eligible entity</term> means—</text><subparagraph id="idf1508c038036424c8d5695cb75a34ea2"><enum>(A)</enum><text>a metropolitan city or urban county, as those terms are defined in section 102 of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5302">42 U.S.C. 5302</external-xref>), that has demonstrated an objective improvement in housing supply growth, as determined by the Secretary, whose methodology for determining such growth is published in the Federal Register to allow for public comment not less than 90 days before the date on which the notice of funding opportunity is made available; or</text></subparagraph><subparagraph id="id9afe6ccffb814915a2791eeb6468a5f0"><enum>(B)</enum><text>a unit of general local government or an Indian tribe, as those terms are defined in section 102 of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5302">42 U.S.C. 5302</external-xref>), that has demonstrated an objective improvement in housing supply growth, as determined by the Secretary, whose methodology for determining such improvement is published in the Federal Register to allow for public comment not less than 90 days before the date on which the notice of funding opportunity is made available.</text></subparagraph></paragraph><paragraph id="idab80ba3cc3d5478aa832b59abc8d1a1f"><enum>(3)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph></subsection><subsection id="idef049c832c3446a096284920a8680518"><enum>(b)</enum><header>Establishment of a grant program</header><paragraph id="idc749e8dd03fc410aac086236c2e7ae6b"><enum>(1)</enum><header>Establishment</header><text>Not later than 1 year after the date of enactment of this Act, the Secretary shall establish a program to award grants on a competitive basis to eligible entities that have increased their local housing supply.</text></paragraph><paragraph id="id3d3a1fae215645ccabbf47cbe8b337a2"><enum>(2)</enum><header>List of eligible entities</header><text>The Secretary shall make a list of eligible entities publicly available on the website of the Department of Housing and Urban Development.</text></paragraph><paragraph id="id95638073e4fc428ea1ebac0a1fe87b83"><enum>(3)</enum><header>Eligible purposes</header><text>An eligible entity receiving a grant under this section may use funds to—</text><subparagraph id="idda008aa8072d4840ba07fb65372e485b"><enum>(A)</enum><text>carry out any of the activities described in section 105 of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5305">42 U.S.C. 5305</external-xref>);</text></subparagraph><subparagraph id="id562f5c992a684ae08d26073f656a7a7d"><enum>(B)</enum><text>carry out any of the activities permitted under the Local and Regional Project Assistance Program established under section 6702 of title 49, United States Code; and</text></subparagraph><subparagraph id="id390d2a4b6ed846e0936fc81db2fb3f4d"><enum>(C)</enum><text>carry out initiatives of the eligible entity that facilitate the expansion of the supply of attainable housing and that supplement initiatives the eligible entity has carried out, or is in the process of carrying out, as specified in the application submitted under paragraph (4).</text></subparagraph></paragraph><paragraph id="id492e5f7e8c7f4530af37a303f9f9c3b5"><enum>(4)</enum><header>Application</header><subparagraph id="id02da2ec2946344f0871952e2d8646ecd"><enum>(A)</enum><header>In general</header><text>An eligible entity seeking a grant under this section shall submit to the Secretary an application that provides—</text><clause id="id5e821e44ded44bddac4375806364458d"><enum>(i)</enum><text>a description of each purpose for which the eligible entity will use the grant, and an attestation that the grant will be used only for 1 or more eligible purposes described in paragraph (3);</text></clause><clause id="idcc71d9b7ea964046b3f59742d8faeb8e"><enum>(ii)</enum><text>data on characteristics of increased housing supply during the 3-year period ending on the date on which the application is submitted, which may include whether such housing—</text><subclause id="idc33b072206ec4ebd97997b3484242035"><enum>(I)</enum><text>serves households at a range of income levels; and</text></subclause><subclause id="idd3b4259f58d143ceab7d41e4c9f9a145"><enum>(II)</enum><text>has improved the quality and affordability of housing in the jurisdiction of the eligible entity;</text></subclause></clause><clause id="idf014851f9c3b427cbcbc742a9db15426"><enum>(iii)</enum><text>a description of how each eligible purpose described in clause (i) may address a community need or advance an objective, or an aspect of an objective, included in the comprehensive housing affordability strategy and community development plan of the eligible entity under part 91 of title 24, Code of Federal Regulations, or any successor regulation (commonly referred to as a <quote>consolidated plan</quote>); and</text></clause><clause id="id646d358ad5234791bfb3315427757b3d"><enum>(iv)</enum><text>a description of how the eligible entity has carried out, or is in the process of carrying out, initiatives that facilitate the expansion of the supply of housing.</text></clause></subparagraph><subparagraph id="id109899ea1fef45a09b250a520c17de3a"><enum>(B)</enum><header>Initiatives</header><text>Initiatives that meet the criteria described in paragraph (3)(D) include, but shall not be limited to—</text><clause id="id5960ce815ff64fd894632be90889f9f9"><enum>(i)</enum><text>increasing by-right uses, including duplex, triplex, quadplex, and multifamily buildings, in areas of opportunity;</text></clause><clause id="id08f7e5e3e8214e0889a6651ff1d72efc"><enum>(ii)</enum><text>revising or eliminating off-street parking requirements to reduce the cost of housing production;</text></clause><clause id="idf4fe9975305e408e839d136e994f131a"><enum>(iii)</enum><text>revising minimum lot size requirements, floor area ratio requirements, set-back requirements, building heights, and bans or limits on construction that allow for denser and more affordable development;</text></clause><clause id="idc0458e98a482456a8f3403dcef70021c"><enum>(iv)</enum><text>instituting incentives to promote dense development for communities where increased density is needed;</text></clause><clause id="ida0899e412a9e4c208cb5120ad911f77a"><enum>(v)</enum><text>passing zoning overlays or other ordinances that enable the development of mixed-income housing;</text></clause><clause id="ide848774910c84a949d5364be8cf79000"><enum>(vi)</enum><text>streamlining regulatory requirements and shortening processes, increasing code enforcement and permitting capacity, reforming zoning codes, or other initiatives that reduce barriers to increasing housing supply and affordability;</text></clause><clause id="id4c2f091f269e445ebfc6efcf4f69546b"><enum>(vii)</enum><text>eliminating restrictions against accessory dwelling units and expanding their by-right use;</text></clause><clause id="idf69c7657e3214babb061aecd7db4fddf"><enum>(viii)</enum><text>using local tax incentives or public financing to promote development of attainable housing;</text></clause><clause id="idf5f58b1506c44a83a9eb6538ec00eb14"><enum>(ix)</enum><text>streamlining environmental regulations;</text></clause><clause id="ide65ea4a4c014485583237e771b81b82c"><enum>(x)</enum><text>eliminating unnecessary manufactured-housing regulations and restrictions;</text></clause><clause id="id0eff51b6ff244e29ad9608214351c7eb"><enum>(xi)</enum><text>minimizing the impact of overburdensome energy and water efficiency standards on housing costs; and</text></clause><clause id="id7f641fd8a1bd4103bf3bfbe5cdbe97a6"><enum>(xii)</enum><text>other activities that reduce the cost of construction, as determined by the Secretary.</text></clause></subparagraph></paragraph><paragraph id="idd7fb724066d14b0aa356b98b9571373f"><enum>(5)</enum><header>Grants</header><subparagraph id="id9662d6cf215542e9b256333d1c246c72"><enum>(A)</enum><header>In general</header><text>The Secretary shall make not fewer than 25 grants on an annual basis (unless amounts appropriated to provide grant amounts consistent with subsection (b) are insufficient, in which case fewer grants may be awarded), with strong consideration of different geographical areas and a relatively even spread of rural, suburban, and urban communities.</text></subparagraph><subparagraph id="ide75039ee3d154f4998149bbe371056c6"><enum>(B)</enum><header>Limitations on awards</header><text>No grant awarded under this paragraph may be—</text><clause commented="no" display-inline="no-display-inline" id="idb7d8ff9c2dec45fbb5bbb54a17cc10ba"><enum>(i)</enum><text display-inline="yes-display-inline">more than $10,000,000; or</text></clause><clause commented="no" display-inline="no-display-inline" id="id13bbc634790f45f6bb43e170308e520a"><enum>(ii)</enum><text display-inline="yes-display-inline">less than $250,000.</text></clause></subparagraph><subparagraph id="id9ee85f8f0aaa4f62901a70b0e3fe66cb"><enum>(C)</enum><header>Priority</header><text>When awarding grants under this paragraph, the Secretary shall give priority to an eligible entity that has—</text><clause id="id7f4dc0b8a86c4461822d5c4f3a381eac"><enum>(i)</enum><text>demonstrated the use of innovative policies, interventions, or programs for increasing housing supply; and</text></clause><clause id="idd3f42ce760b34b76abffc102aac515c0"><enum>(ii)</enum><text>demonstrated a marked improvement in housing supply growth, as needed.</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id92fc18e9b0754f0899d84c77c4f3aa70"><enum>(D)</enum><header>Grant administration and terms</header><text>Projects assisted under this section for activities described in sector 23 of the North American Industry Classification System shall be treated as projects assisted under the Community Development Block Grant program under title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5301">42 U.S.C. 5301 et seq.</external-xref>).</text></subparagraph></paragraph></subsection><subsection id="idafef22ac0be44ef891f34e2503aed16a"><enum>(c)</enum><header>Rules of construction</header><text display-inline="yes-display-inline">Nothing in this section shall be construed—</text><paragraph commented="no" display-inline="no-display-inline" id="id09f41e73f26f4877b82afb047f6166fb"><enum>(1)</enum><text display-inline="yes-display-inline">to authorize the Secretary to mandate, supersede, or preempt any local zoning or land use policy; or</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idc476d2dfca52470c853cdd07c37a4670"><enum>(2)</enum><text>to affect the requirements of section 105(c)(1) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12705">42 U.S.C. 12705(c)(1)</external-xref>).</text></paragraph></subsection><subsection id="id847af61e806b41348ea09dbcbb05a68c"><enum>(d)</enum><header>Authorization of appropriations</header><paragraph commented="no" display-inline="no-display-inline" id="id5829a3c798584688910db40ab2132664"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">There is authorized to be appropriated to carry out this section $200,000,000 for each of fiscal years 2027 through 2031.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idb4c2d04655d84798bb8c968acd8f5f27"><enum>(2)</enum><header>Adjustment</header><text>The amount authorized to be appropriated under paragraph (1) shall be adjusted for inflation based on the Consumer Price Index for all Urban Customers published by the Bureau of Labor Statistics of the Department of Labor.</text></paragraph></subsection></section><section id="id265846af92284c30804bca53438ff0f7"><enum>211.</enum><header>Accelerating Home Building Act</header><subsection id="idbcdb330f56df4178aec7073ff8d9278c"><enum>(a)</enum><header>Definitions</header><text>In this section:</text><paragraph id="id8a599a4045cd44369d21392419a00fee"><enum>(1)</enum><header>Affordable housing</header><text>The term <term>affordable housing</term> means housing for which the total monthly housing cost payment is not more than 30 percent of the monthly household income for a household earning not more than 80 percent of the area median income.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id749f83d588e54031a467216591491f8c"><enum>(2)</enum><header display-inline="yes-display-inline">Covered structure</header><text>The term <term>covered structure</term> means—</text><subparagraph id="id71db6b51463d4641baef53420c5c8392"><enum>(A)</enum><text>a low-rise or mid-rise structure with not more than 25 dwelling units; and</text></subparagraph><subparagraph id="id0cf248ceb104458fb24a6f1b5fb5b47c"><enum>(B)</enum><text>includes—</text><clause id="id71d0dc1950db4b3b9398edae971de34d"><enum>(i)</enum><text>an accessory dwelling unit;</text></clause><clause commented="no" display-inline="no-display-inline" id="id3afa6628fb6c4903880de000c869330a"><enum>(ii)</enum><text>infill development;</text></clause><clause id="idb18462c016be45859cf604f78d3d8baa"><enum>(iii)</enum><text>a duplex;</text></clause><clause id="idd195134ecbb849dfa72c277a3af23d4e"><enum>(iv)</enum><text>a triplex;</text></clause><clause id="id82495255cbfa48e8a03b885e3f95fea2"><enum>(v)</enum><text>a fourplex;</text></clause><clause id="id3ee6adc899724bf794d3d3c3445d3354"><enum>(vi)</enum><text>a cottage court;</text></clause><clause id="id2b2e7886ea874544a9da3d4e0bd2e0b8"><enum>(vii)</enum><text>a courtyard building;</text></clause><clause id="id5e21f466721c44c88566c3d9d612b5f0"><enum>(viii)</enum><text>a townhouse; </text></clause><clause id="ided6652e4577a44ba9bf53e3f046d1aee"><enum>(ix)</enum><text>a multiplex; and</text></clause><clause id="ide1102c24a9934d22bcf9671e18d45dd2"><enum>(x)</enum><text>any other structure with not less than 2 dwelling units that the Secretary considers appropriate.</text></clause></subparagraph></paragraph><paragraph id="id4ad4ecafb44744c68c4e4f3e8da95d22"><enum>(3)</enum><header>Eligible entity</header><text>The term <term>eligible entity</term> means—</text><subparagraph commented="no" display-inline="no-display-inline" id="id26b4f65e72b1471ba7a8f10e6fa5b9f0"><enum>(A)</enum><text display-inline="yes-display-inline">a unit of general local government, as defined in section 102(a) of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5302">42 U.S.C. 5302(a)</external-xref>);</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id9914cc3835394d1f8fe70a9b9a8c1a8c"><enum>(B)</enum><text>a municipal membership organization; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idcc211e4df0b94a66a505cd56e6e6f0df"><enum>(C)</enum><text>an Indian tribe, as defined in section 102(a) of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5302">42 U.S.C. 5302(a)</external-xref>).</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idf6f97e87d0a14d49a06edb49893cb0cb"><enum>(4)</enum><header>High opportunity area</header><text>The term <term>high opportunity area</term> has the meaning given the term in section 1282.1 of title 12, Code of Federal Regulations, or any successor regulation.</text></paragraph><paragraph id="ida978f3d49ff24cf28741502802d8dc18"><enum>(5)</enum><header>Infill development</header><text>The term <term>infill development</term> means residential development on small parcels in previously established areas for replacement with new or refurbished housing that utilizes existing utilities and infrastructure.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idb8bbd28d386c41e2865ec3ac146fbbe7"><enum>(6)</enum><header>Mixed-income housing</header><text>The term <term>mixed-income housing</term> means a housing development that is comprised of housing units that promote differing levels of affordability in the community.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id34aff46fa9fc484fa8bbe05bf37039bc"><enum>(7)</enum><header>Pre-reviewed designs</header><text>The term <term>pre-reviewed designs</term>, also known as pattern books, means sets of construction plans that are assessed and approved by localities for compliance with local building and permitting standards to streamline and expedite approval pathways for housing construction.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6e045a02b294494ba73a5a41d4972c90"><enum>(8)</enum><header>Rural area</header><text>The term <term>rural area</term> means any area other than a city or town that has a population of less than 50,000 inhabitants.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id586665fe037b49d98b4907710659b28b"><enum>(9)</enum><header>Secretary</header><text display-inline="yes-display-inline">The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph></subsection><subsection id="idfe8774c907fd454f9741e079a0546aa7"><enum>(b)</enum><header>Authority</header><text>The Secretary is authorized to award grants to eligible entities utilizing funds appropriated for such purpose to select pre-reviewed designs of covered structures of mixed-income housing for use in the jurisdiction of the eligible entity, except that such grant awards may not be used for construction, alteration, or repair work.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="id9f396f3f9e3f48e9885c6baf09e2e26d"><enum>(c)</enum><header>Considerations</header><text>In reviewing applications submitted by eligible entities for a grant under this section, the Secretary shall consider—</text><paragraph id="ida6ed2a75fadd4b699df8ae90176bdc38"><enum>(1)</enum><text>the need for affordable housing in the service area of the eligible entity;</text></paragraph><paragraph id="idbc8d13b760e64d6b91e05bbefb691cbe"><enum>(2)</enum><text>the presence of high opportunity areas in the jurisdiction of the eligible entity;</text></paragraph><paragraph id="id8f32b9e7b5b2411d9c4dc06e8cb6111f"><enum>(3)</enum><text>coordination between the eligible entity and a State agency; and</text></paragraph><paragraph id="id21aebe4ec0694d10b85357d83d739e52"><enum>(4)</enum><text>coordination between the eligible entity and State, local, and regional transportation planning authorities.</text></paragraph></subsection><subsection id="id5850900add9e42e3b0c2f6602f314877"><enum>(d)</enum><header>Set-aside for rural areas</header><text>Of the amount made available in each fiscal year for grants under this section, the Secretary shall ensure that not less than 10 percent shall be used for grants to eligible entities that are located in rural areas.</text></subsection><subsection id="id475c69b8f2b14d8296081d4858c9d459"><enum>(e)</enum><header>Reports</header><text>The Secretary shall require eligible entities receiving grants under this section to report on—</text><paragraph id="idb1d260ec940b48568ed3a65621ab40c4"><enum>(1)</enum><text>the impacts of the activities carried out using the grant amounts in improving the production and supply of affordable housing;</text></paragraph><paragraph id="id576a0c2adc8942a1842e890e5358cdd8"><enum>(2)</enum><text>the pre-reviewed designs selected using the grant amounts in their communities; </text></paragraph><paragraph id="iddc2f860d6f91464cb43e1e5e3cf107fc"><enum>(3)</enum><text>the number of permits issued for housing development utilizing pre-reviewed designs; and</text></paragraph><paragraph id="idb927b5455e614ddfa711452027e5d18a"><enum>(4)</enum><text>the number of housing units produced in developments utilizing the pre-reviewed designs.</text></paragraph></subsection><subsection id="id5f1abb6aebf84da09cff540efb05dd0a"><enum>(f)</enum><header>Availability of information</header><text>The Secretary shall—</text><paragraph id="id64f6add08e914e889076340b1fc1c1aa"><enum>(1)</enum><text>to the extent possible, encourage localities to make publicly available through a website information on the pre-reviewed designs selected and submitted to the Secretary by eligible entities receiving grants under this section, including information on the benefits of use of those designs; and</text></paragraph><paragraph id="id8c4e3c5ba84542b68118025e8f92d776"><enum>(2)</enum><text>collect, identify, and disseminate best practices regarding such designs and make such information publicly available on the website of the Department of Housing and Urban Development.</text></paragraph></subsection><subsection id="id90dad766e4f54e6a83c156096b8852cd"><enum>(g)</enum><header>Design adoption and repayment</header><text>The Secretary may require an eligible entity to return to the Secretary any grant funds received under this section if the selected pre-reviewed designs submitted under this section have not been adopted during the 5-year period following receipt of the grant, unless that period is extended by the Secretary.</text></subsection><subsection id="idd759aea477414d67b6f3d3616b45e989"><enum>(h)</enum><header>Technical assistance</header><text>The Secretary may set aside not more than 5 percent of amounts appropriated in a fiscal year to provide technical assistance to grant recipients under this section and pre-grant technical assistance to prospective applicants.</text></subsection></section><section id="idbd9762d2f0634f06b17e40f7a9256f7a"><enum>212.</enum><header>Revitalizing Empty Structures Into Desirable Environments (RESIDE) Act</header><subsection commented="no" display-inline="no-display-inline" id="ida0d4bb951d8c42ccbe2221cbd7a13530"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text>Subtitle A of title II of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12741">42 U.S.C. 12741 et seq.</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id2ceec0621a264ade96756afc3cabf7f5"><section id="id9881bb9348e34bcabced08ee047d08b0"><enum>227.</enum><header>Revitalizing empty structures into desirable environments</header><subsection id="id07e0fbfa625340c6b235204b1c7f5938"><enum>(a)</enum><header>Definitions</header><text>In this section:</text><paragraph id="idc0c885a5c86c4aec9c0989b4a38f9c47"><enum>(1)</enum><header>Attainable housing</header><text>The term <term>attainable housing</term> means housing that serves households earning not more than 120 percent of the area median income, if the majority of the housing units are affordable to households earning not more than 60 percent of the area median income.</text></paragraph><paragraph id="id4582275ba47b431a9ade89d1a35547e7"><enum>(2)</enum><header>Converted housing unit</header><text>The term <term>converted housing unit</term> means a housing unit that is created using a covered grant.</text></paragraph><paragraph id="ide7e4dd3bfb0d4b0e9010fdc515299e8b"><enum>(3)</enum><header>Covered grant</header><text>The term <term>covered grant</term> means a grant awarded under the Pilot Program.</text></paragraph><paragraph id="idbeefe8b93875426d9b8fd5fd0b404664"><enum>(4)</enum><header>Eligible entity</header><text>The term <term>eligible entity</term> means a participating jurisdiction.</text></paragraph><paragraph id="id29d9e514a3b743648d45a25f6fb65581"><enum>(5)</enum><header>Pilot Program</header><text>The term <term>Pilot Program</term> means the pilot program established under subsection (b).</text></paragraph><paragraph id="id2cb711af23a14cbc852eb60c5b9d66bc"><enum>(6)</enum><header>Vacant and abandoned building</header><text>The term <term>vacant and abandoned building</term> means a property—</text><subparagraph id="id695f34f73e1e4db0b171407274b33667"><enum>(A)</enum><text>that was constructed for use as a warehouse, factory, mall, strip mall, or hotel, or for another industrial or commercial use; and</text></subparagraph><subparagraph id="id6021d540a8914b5cadc98c1e548b73cf"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="idb0090b7c97d547b8885f9e65b95b1b89"><enum>(i)</enum><text>with respect to which—</text><subclause id="id9766480cf1f2441591b73381269d4d0b" indent="up1"><enum>(I)</enum><text>a code enforcement inspection has determined that the property is not safe; and</text></subclause><subclause commented="no" display-inline="no-display-inline" indent="up1" id="idb26c719b3422495bab466747ff21cadd"><enum>(II)</enum><text>not less than 90 days have elapsed since the owner was notified of the deficiencies in the property and the owner has taken no corrective action; or</text></subclause></clause><clause commented="no" display-inline="no-display-inline" indent="up1" id="id27a673eb67c84b41b1731494a620d604"><enum>(ii)</enum><text>that is subject to a court-ordered receivership or nuisance abatement related to abandonment pursuant to State or local law or otherwise meets the definition of an abandoned property under State law.</text></clause></subparagraph></paragraph></subsection><subsection id="ida4df37e1c14d4c3da74d7b516042ee7d"><enum>(b)</enum><header>Purpose of grant program</header><text>Subject to the availability of funds appropriated for this subsection, the Secretary is authorized to establish a pilot program, spanning from fiscal years 2027 through 2031, which shall have the purpose of awarding grants on a competitive basis to eligible entities to convert vacant and abandoned buildings into attainable housing.</text></subsection><subsection id="ideb01d902d6264b7aa15f1ef70fcc36d7"><enum>(c)</enum><header>Amount of grant</header><paragraph id="id1f79e74fbd17496b9628cf4a2dacc967"><enum>(1)</enum><header>In general</header><text>For any fiscal year for which not less than $100,000,000 is made available to carry out the Pilot Program, the amount of a covered grant shall be not less than $1,000,000 and not more than $10,000,000.</text></paragraph><paragraph id="ida5d837d7f03b4574af33a41a480a9630"><enum>(2)</enum><header>Fiscal years with lower funding</header><text>For any fiscal year for which less than $100,000,000 is made available to carry out the Pilot Program pursuant to subsection (b), the Secretary shall seek to maximize the number of covered grants awarded.</text></paragraph></subsection><subsection id="idc9306145e3b347f5af107b1fc049f2e7"><enum>(d)</enum><header>Relation to formula allocation</header><text>A covered grant awarded to an eligible entity shall be in addition to, and shall not affect, the formula allocation for the eligible entity under section 217.</text></subsection><subsection id="ida85c3a34c4524eae97562656152b6184"><enum>(e)</enum><header>Priority</header><text>In awarding covered grants, the Secretary shall give priority to an eligible entity that—</text><paragraph id="id4d9f28dff1854572996ae5c1a4f7fc40"><enum>(1)</enum><text>will use the covered grant in a community that is experiencing economic distress;</text></paragraph><paragraph id="id8a915e66122a441798fde6a341166483"><enum>(2)</enum><text>will use the covered grant in a qualified opportunity zone (as defined in <external-xref legal-doc="usc" parsable-cite="usc/26/1400Z">section 1400Z–1(a)</external-xref> of the Internal Revenue Code of 1986);</text></paragraph><paragraph id="ide10733eb955d41b196e2bdfeb3f04200"><enum>(3)</enum><text>will use the covered grant to construct housing that will serve a need identified in the comprehensive housing affordability strategy and community development plan of the eligible entity under part 91 of title 24, Code of Federal Regulations, or any successor regulation (commonly referred to as a <quote>consolidated plan</quote>); or</text></paragraph><paragraph id="id0e2908cb295b45ba95d391069b57ee24"><enum>(4)</enum><text>has enacted ordinances to reduce regulatory barriers to conversion of vacant and abandoned buildings to housing, which shall not include any alteration of an ordinance that governs safety and habitability.</text></paragraph></subsection><subsection id="idde59e33c95c14b23b1b0f444b12bc2b1"><enum>(f)</enum><header>Use of funds</header><text>An eligible entity may use a covered grant for—</text><paragraph id="id8c62b0b58e414eaf92b23cbb9bc6b2ff"><enum>(1)</enum><text>property acquisition;</text></paragraph><paragraph id="idb3d338a8527d46619ee19494f7d7f30a"><enum>(2)</enum><text>demolition;</text></paragraph><paragraph id="id7604aad3d8a444788543b38d46374f13"><enum>(3)</enum><text>health hazard remediation;</text></paragraph><paragraph id="idc79da849a08b4ba689236701e90c6388"><enum>(4)</enum><text>site preparation;</text></paragraph><paragraph id="id192affe3f6144c06a1de368b51cdfe2c"><enum>(5)</enum><text>construction, renovation, or rehabilitation; or</text></paragraph><paragraph id="idfb5b8ff054db40308212542c5593e64f"><enum>(6)</enum><text>the establishment, maintenance, or expansion of community land trusts.</text></paragraph></subsection><subsection id="id7becb732ad214fadac2a2329e0b64e75"><enum>(g)</enum><header>Waiver authority</header><text>In administering covered grants, the Secretary may waive, or specify alternative requirements for, any statute or regulation that the Secretary administers in connection with the obligation by the Secretary or the use by eligible entities of covered grant funds (except for requirements related to fair housing, nondiscrimination, labor standards, or the environment) if the Secretary makes a public finding that good cause exists for the waiver or alternative requirement.</text></subsection><subsection id="id57c9ace67d224e1ab2388cd1600c7715"><enum>(h)</enum><header>Study; report</header><text>Not later than 180 days after the termination of the Pilot Program, the Secretary shall study and submit to Congress a report on the impact of the Pilot Program on—</text><paragraph id="id3f554002558146ae93ab28cccd6a7aba"><enum>(1)</enum><text>improving the tax base of local communities;</text></paragraph><paragraph id="idaf2f77e9468e498a912c9bbffd920898"><enum>(2)</enum><text>increasing access to affordable housing, especially for elderly individuals, disabled individuals, and veterans;</text></paragraph><paragraph id="idb7643f86e4c84a3882a1694141707915"><enum>(3)</enum><text>increasing homeownership; and</text></paragraph><paragraph id="id3a712406268649ffa521d00f3dfd1596"><enum>(4)</enum><text>removing blight.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection commented="no" display-inline="no-display-inline" id="id6c704b23df4e44e89ceafa74cf493b8a"><enum>(b)</enum><header>Technical and conforming amendment</header><text>The table of contents in section 1(b) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="public-law" parsable-cite="pl/101/625">Public Law 101–625</external-xref>; 104 Stat. 4079) is amended by inserting after the item relating to section 226 the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id0480fbc872fb4834b7bdbe486b6f8da3"><toc><toc-entry bold="off" level="section">Sec. 227. Revitalizing empty structures into desirable environments.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section><section commented="no" display-inline="no-display-inline" id="id8f64e63506e14f0ab71e2455a6010a9e"><enum>213.</enum><header>Housing Affordability Act</header><subsection id="id967bb2b31c344419af4176971f59e9c0"><enum>(a)</enum><header>In general</header><text>Title II of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1707">12 U.S.C. 1707 et seq.</external-xref>) is amended—</text><paragraph id="id59e4969800ca4fb291f4d2dec781b679"><enum>(1)</enum><text>in section 206A (<external-xref legal-doc="usc" parsable-cite="usc/12/1712a">12 U.S.C. 1712a</external-xref>)—</text><subparagraph id="idd0e73d7f550542bebda45410bdfb743e"><enum>(A)</enum><text>in subsection (a), in the matter following paragraph (7), by striking <quote>(commencing in 2004</quote> and all that follows through the period at the end and inserting the following: <quote>, commencing on July 1, 2025. The adjustment of the Dollar Amounts shall be calculated by the Secretary using the percentage change in the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census from March of the previous year to March of the year in which the adjustment is made, or by the Secretary using an alternative indicator after publishing information about such alternative indicators in the Federal Register for public comment if the Price Deflator Index of Multifamily Residential Units Under Construction is not available or published.</quote>; and</text></subparagraph><subparagraph id="id4c42b98b7f684dd1b6a650996b9a6252"><enum>(B)</enum><text>by amending subsection (b) to read as follows:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idc4b07cb1b2404b92844aec4e3e57a082"><subsection id="id8976795d9790408bac3222c2daed1373"><enum>(b)</enum><header>Publication</header><paragraph id="id67d4cfe2bf79471eb935dfdb892cd0e8"><enum>(1)</enum><header>In general</header><text>The Secretary shall publish in the Federal Register any adjustments made to the Dollar Amounts.</text></paragraph><paragraph id="id7d58a71b1ef44ff19c8309951ccaba76"><enum>(2)</enum><header>Rounding</header><text>The dollar amount of any adjustment described in paragraph (1) shall be rounded to the next lower dollar.</text></paragraph></subsection><after-quoted-block>;</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="idd9b36f2b258b44f7b5661c271dee3d99"><enum>(2)</enum><text>in section 207(c)(3)(A) (<external-xref legal-doc="usc" parsable-cite="usc/12/1713">12 U.S.C. 1713(c)(3)(A)</external-xref>)—</text><subparagraph id="id869b4b9edde945f886721cd34b79432c"><enum>(A)</enum><text>by striking <quote>$38,025</quote> and inserting <quote>$66,544</quote>;</text></subparagraph><subparagraph id="id86f648762de74e5c87f604e8a3d09785"><enum>(B)</enum><text>by striking <quote>$42,120</quote> and inserting <quote>$73,710</quote>;</text></subparagraph><subparagraph id="id5c86edb995a94752a8f412bdbf6da89b"><enum>(C)</enum><text>by striking <quote>$50,310</quote> and inserting <quote>$88,043</quote>;</text></subparagraph><subparagraph id="idc99f464b72474e869b7d1e662b3fd538"><enum>(D)</enum><text>by striking <quote>$62,010</quote> and inserting <quote>$108,518</quote>;</text></subparagraph><subparagraph id="idf255cd4e70e948c9b231897e7d1d9d01"><enum>(E)</enum><text>by striking <quote>$70,200</quote> and inserting <quote>$122,850</quote>;</text></subparagraph><subparagraph id="idbd5ed238b4b448d7b78c14ae35192fa4"><enum>(F)</enum><text>by striking <quote>, or not to exceed $17,460 per space</quote>;</text></subparagraph><subparagraph id="idd501d0a8c1ee4cda96269890d22ba429"><enum>(G)</enum><text>by striking <quote>$43,875</quote> and inserting <quote>$76,781</quote>;</text></subparagraph><subparagraph id="id9b933f80029c41e6a2e7ec9e21149677"><enum>(H)</enum><text>by striking <quote>$49,140</quote> and inserting <quote>$85,995</quote>;</text></subparagraph><subparagraph id="idc8e9bcf854e5466a9bf1f8e2995ae686"><enum>(I)</enum><text>by striking <quote>$60,255</quote> and inserting <quote>$105,446</quote>;</text></subparagraph><subparagraph id="id3d6bac3faac944a8a5831e6b3db174c4"><enum>(J)</enum><text>by striking <quote>$75,465</quote> and inserting <quote>$132,064</quote>; and</text></subparagraph><subparagraph id="id508ec01115a440daa0f80d4d4a05441f"><enum>(K)</enum><text>by striking <quote>$85,328</quote> and inserting <quote>$149,324</quote>;</text></subparagraph></paragraph><paragraph id="id62f43607a6da44d4907aed2abac41b1e"><enum>(3)</enum><text>in section 213(b)(2) (<external-xref legal-doc="usc" parsable-cite="usc/12/1715e">12 U.S.C. 1715e(b)(2)</external-xref>)—</text><subparagraph id="id59763d57d92c4bdeb6f46df167646626"><enum>(A)</enum><text>by striking <quote>$41,207</quote> and inserting <quote>$72,112</quote>;</text></subparagraph><subparagraph id="id1f9e7f527eb64d169a5d0e5824c96c43"><enum>(B)</enum><text>by striking <quote>$47,511</quote> and inserting <quote>$83,144</quote>;</text></subparagraph><subparagraph id="ide5bd5147a9ad407d9a8f57eb3e095fbf"><enum>(C)</enum><text>by striking <quote>$57,300</quote> and inserting <quote>$100,275</quote>;</text></subparagraph><subparagraph id="id9e2c414ac6fc4a60aee4d46a8d22636e"><enum>(D)</enum><text>by striking <quote>$73,343</quote> and inserting <quote>$128,350</quote>;</text></subparagraph><subparagraph id="id05b26dc2c5ae4c11ab8c11aa28a5cd61"><enum>(E)</enum><text>by striking <quote>$81,708</quote> and inserting <quote>$142,989</quote>;</text></subparagraph><subparagraph id="id39fb358b2e0942658e0a1c2a8fc5ab29"><enum>(F)</enum><text>by striking <quote>$43,875</quote> and inserting <quote>$76,781</quote>;</text></subparagraph><subparagraph id="id554685cb36834c219d211ea72a7b66db"><enum>(G)</enum><text>by striking <quote>$49,710</quote> and inserting <quote>$87,993</quote>;</text></subparagraph><subparagraph id="id02e3492335e2470bbfc89d4177331d07"><enum>(H)</enum><text>by striking <quote>$60,446</quote> and inserting <quote>$105,781</quote>;</text></subparagraph><subparagraph id="ida15eb7e281db4333b7a4707d5c4ac3f8"><enum>(I)</enum><text>by striking <quote>$78,197</quote> and inserting <quote>$136,845</quote>; and</text></subparagraph><subparagraph id="id2a7013deff934b358fbc460ef94ce020"><enum>(J)</enum><text>by striking <quote>$85,836</quote> and inserting <quote>$150,213</quote>;</text></subparagraph></paragraph><paragraph id="id4c2dc48a468a4096898db3012ffe4666"><enum>(4)</enum><text>in section 220(d)(3)(B)(iii)(I) (<external-xref legal-doc="usc" parsable-cite="usc/12/1715k">12 U.S.C. 1715k(d)(3)(B)(iii)(I)</external-xref>)—</text><subparagraph id="idb09de3f66e064e91aa076af36f0e48eb"><enum>(A)</enum><text>by striking <quote>$38,025</quote> and inserting <quote>$66,544</quote>;</text></subparagraph><subparagraph id="idc3a0df6c47d749e5ad1af1b8dbb2d08e"><enum>(B)</enum><text>by striking <quote>$42,120</quote> and inserting <quote>$73,710</quote>;</text></subparagraph><subparagraph id="idb8bb9df7f4a44c08803519171df3830d"><enum>(C)</enum><text>by striking <quote>$50,310</quote> and inserting <quote>$88,043</quote>;</text></subparagraph><subparagraph id="id2cabebee2a9b4e81842ffaae9a818cec"><enum>(D)</enum><text>by striking <quote>$62,010</quote> and inserting <quote>$108,518</quote>;</text></subparagraph><subparagraph id="idc6bfa0a531774594a7d53cae9182731a"><enum>(E)</enum><text>by striking <quote>$70,200</quote> and inserting <quote>$122,850</quote>;</text></subparagraph><subparagraph id="id6bd5ee29b2bf4370b2427785a912c627"><enum>(F)</enum><text>by striking <quote>$43,875</quote> and inserting <quote>$76,781</quote>;</text></subparagraph><subparagraph id="idf060418e7cd248ff8ca6763c20d79890"><enum>(G)</enum><text>by striking <quote>$49,140</quote> and inserting <quote>$85,995</quote>;</text></subparagraph><subparagraph id="id98c8710766764f839cda248fcfd875ef"><enum>(H)</enum><text>by striking <quote>$60,255</quote> and inserting <quote>$105,446</quote>;</text></subparagraph><subparagraph id="id881658dd63284aeaad954084d327d681"><enum>(I)</enum><text>by striking <quote>$75,465</quote> and inserting <quote>$132,064</quote>; and</text></subparagraph><subparagraph id="idaa48d0ae1ec040ba813a752f325ebc7b"><enum>(J)</enum><text>by striking <quote>$85,328</quote> and inserting <quote>$149,324</quote>;</text></subparagraph></paragraph><paragraph id="id863ba67b1ec841449f80aee5248b07d0"><enum>(5)</enum><text>in section 221(d)(4)(ii)(I) (<external-xref legal-doc="usc" parsable-cite="usc/12/1715l">12 U.S.C. 1715l(d)(4)(ii)(I)</external-xref>)—</text><subparagraph id="id9a56e4f7e57c46bd99ca897ed37ef8dd"><enum>(A)</enum><text>by striking <quote>$37,843</quote> and inserting <quote>$66,225</quote>;</text></subparagraph><subparagraph id="id9847feefd0a745fb9a2e84de7e42f4cd"><enum>(B)</enum><text>by striking <quote>$42,954</quote> and inserting <quote>$75,170</quote>;</text></subparagraph><subparagraph id="id88f7bfd9ce954e3ca004054d981f260c"><enum>(C)</enum><text>by striking <quote>$51,920</quote> and inserting <quote>$90,860</quote>;</text></subparagraph><subparagraph id="idcf4b3c4366fc46f49c13b0dbf254c7fe"><enum>(D)</enum><text>by striking <quote>$65,169</quote> and inserting <quote>$114,046</quote>;</text></subparagraph><subparagraph id="idd76da319e1294532af9593ba06a7b659"><enum>(E)</enum><text>by striking <quote>$73,846</quote> and inserting <quote>$129,231</quote>;</text></subparagraph><subparagraph id="ide7a09c6491994ae392b8f22403ab781f"><enum>(F)</enum><text>by striking <quote>$40,876</quote> and inserting <quote>$71,533</quote>;</text></subparagraph><subparagraph id="idfc45280b2f864facb4631254b8b7b55b"><enum>(G)</enum><text>by striking <quote>$46,859</quote> and inserting <quote>$82,003</quote>;</text></subparagraph><subparagraph id="id21e5ec274e59489cbebab02c0086d5c9"><enum>(H)</enum><text>by striking <quote>$56,979</quote> and inserting <quote>$99,713</quote>;</text></subparagraph><subparagraph id="id2aa04a155b1740a485d811bfa473c252"><enum>(I)</enum><text>by striking <quote>$73,710</quote> and inserting <quote>$128,993</quote>; and</text></subparagraph><subparagraph id="id1e8246aed51d4e18abd6938ba45c52a7"><enum>(J)</enum><text>by striking <quote>$80,913</quote> and inserting <quote>$141,598</quote>;</text></subparagraph></paragraph><paragraph id="idbe73e3237c494dc1b765cf7f2d2f8077"><enum>(6)</enum><text>in section 231(c)(2)(A) (<external-xref legal-doc="usc" parsable-cite="usc/12/1715v">12 U.S.C. 1715v(c)(2)(A)</external-xref>)—</text><subparagraph id="ide59144196ff64aed968c27e428cb0f6f"><enum>(A)</enum><text>by striking <quote>$35,978</quote> and inserting <quote>$62,962</quote>;</text></subparagraph><subparagraph id="id19a05a6028b44253848335960748084d"><enum>(B)</enum><text>by striking <quote>$40,220</quote> and inserting <quote>$70,385</quote>;</text></subparagraph><subparagraph id="id94755470471a46fd97a36c3ed88c477f"><enum>(C)</enum><text>by striking <quote>$48,029</quote> and inserting <quote>$84,051</quote>;</text></subparagraph><subparagraph id="id9a490340ebf047f4b0a23af2db08812b"><enum>(D)</enum><text>by striking <quote>$57,798</quote> and inserting <quote>$101,147</quote>;</text></subparagraph><subparagraph id="id9dd14d566eb64384829b96fec27c9bf0"><enum>(E)</enum><text>by striking <quote>$67,950</quote> and inserting <quote>$118,913</quote>;</text></subparagraph><subparagraph id="id01f858930b93409d8f46b714d145e65f"><enum>(F)</enum><text>by striking <quote>$40,876</quote> and inserting <quote>$71,533</quote>;</text></subparagraph><subparagraph id="id3211d81ac9fd483794cb82d8b255b230"><enum>(G)</enum><text>by striking <quote>$46,859</quote> and inserting <quote>$82,003</quote>;</text></subparagraph><subparagraph id="id98a9dfceff604e61bef8b1377b56b8c8"><enum>(H)</enum><text>by striking <quote>$56,979</quote> and inserting <quote>$99,713</quote>;</text></subparagraph><subparagraph id="ida502fc603e45416fa8f17a75d3433aeb"><enum>(I)</enum><text>by striking <quote>$73,710</quote> and inserting <quote>$128,993</quote>; and</text></subparagraph><subparagraph id="idbf9eda38fd9e4283be43f83c4e11b64b"><enum>(J)</enum><text>by striking <quote>$80,913</quote> and inserting <quote>$141,598</quote>; and</text></subparagraph></paragraph><paragraph id="id2ebf8a02edf147f7a05268ba5ce38d5b"><enum>(7)</enum><text>in section 234(e)(3)(A) (<external-xref legal-doc="usc" parsable-cite="usc/12/1715y">12 U.S.C. 1715y(e)(3)(A)</external-xref>)—</text><subparagraph id="id1b495dee330046cf9790f58e42055efc"><enum>(A)</enum><text>by striking <quote>$42,048</quote> and inserting <quote>$73,584</quote>;</text></subparagraph><subparagraph id="id1e6f34389754436cbad77fa14a960165"><enum>(B)</enum><text>by striking <quote>$48,481</quote> and inserting <quote>$84,842</quote>;</text></subparagraph><subparagraph id="idbc2aaecdc0d142208afd3ecdb378fcfe"><enum>(C)</enum><text>by striking <quote>$58,469</quote> and inserting <quote>$102,321</quote>;</text></subparagraph><subparagraph id="id73f50df2911c4f2f985448134c936932"><enum>(D)</enum><text>by striking <quote>$74,840</quote> and inserting <quote>$130,970</quote>;</text></subparagraph><subparagraph id="idff83b71280174b06aa2241240264453f"><enum>(E)</enum><text>by striking <quote>$83,375</quote> and inserting <quote>$145,906</quote>;</text></subparagraph><subparagraph id="idf5e22b64630e4ef7876bb606587c6020"><enum>(F)</enum><text>by striking <quote>$44,250</quote> and inserting <quote>$77,438</quote>;</text></subparagraph><subparagraph id="idc02a0248e8654651927de4c9a426d7e3"><enum>(G)</enum><text>by striking <quote>$50,724</quote> and inserting <quote>$88,767</quote>;</text></subparagraph><subparagraph id="id56233542c28c42e28c5d7179124287a6"><enum>(H)</enum><text>by striking <quote>$61,680</quote> and inserting <quote>$107,940</quote>;</text></subparagraph><subparagraph id="id4b7ee62f12d84b93a7a8efb265ca38dd"><enum>(I)</enum><text>by striking <quote>$79,793</quote> and inserting <quote>$139,638</quote>; and</text></subparagraph><subparagraph id="id183adefb974f4455ac88d337621b005a"><enum>(J)</enum><text>by striking <quote>$87,588</quote> and inserting <quote>$153,279</quote>.</text></subparagraph></paragraph></subsection><subsection id="idaaca497c930644928f917d06859566bd"><enum>(b)</enum><header>Multifamily loan limit study</header><text>The Commissioner of the Federal Housing Administration, in consultation with the Secretary of Housing and Urban Development, shall conduct a study to assess the following in comparison to the loan limits prior to the amendments made under this section:</text><paragraph commented="no" id="idbb6b431b214240c0b02e24ac61f335ad"><enum>(1)</enum><text>Whether the Commissioner has sufficient authority to increase loan limits for each multifamily mortgage insurance program at appropriate amounts, including to meet market demand.</text></paragraph><paragraph commented="no" id="id719bd0bad7f34a8d8c7c7aadfdf77ea5"><enum>(2)</enum><text>The impacts that multifamily loan limit increases have had, if any, on—</text><subparagraph commented="no" id="id82a14b5a3bd544e9939c0a0e200ffea4"><enum>(A)</enum><text>the General Insurance and Special Risk Insurance Fund;</text></subparagraph><subparagraph commented="no" id="id9a47ca867d494ed68f7752780bb637bf"><enum>(B)</enum><text>the change in volume of multifamily purchase and construction lending that is insured by the Federal Housing Administration; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idc87ee589ebcb419ba4466eaa2be3f332"><enum>(C)</enum><text display-inline="yes-display-inline">subject to the availability of data, the year-over-year change over the last 6 years in—</text><clause commented="no" id="idd3c9b464e6ba4f7591b831d047a0f891"><enum>(i)</enum><text>median and average lending costs as well as rent and house prices within the multifamily housing market; and</text></clause><clause commented="no" id="id789ae5a7431a4fe9a1ca8cd03e3deeb2"><enum>(ii)</enum><text>multifamily housing supply, including the number of building permits issued as well as housing unit starts and completions.</text></clause></subparagraph></paragraph></subsection><subsection id="id8390caa2cf9f47078db2d15214807353"><enum>(c)</enum><header>Report</header><text>Not later than 3 years after the date of enactment of this Act, the Commissioner of the Federal Housing Administration shall submit to Congress a report summarizing the findings of the Commissioner for the study conducted under subsection (b).</text></subsection></section><enum>III</enum><header>Manufactured Housing for America</header><section id="ide0223b81270b467eb200a6cf01c7a680"><enum>301.</enum><header>Housing Supply Expansion Act</header><subsection id="ida47293d7d3f54c4bab9032a7fc3272c3"><enum>(a)</enum><header>In general</header><text>Section 603(6) of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5402">42 U.S.C. 5402(6)</external-xref>) is amended by striking <quote>on a permanent chassis</quote> and inserting <quote>with or without a permanent chassis</quote>.</text></subsection><subsection id="id3226fa37db744cbb8988d25f4ec29909"><enum>(b)</enum><header>Standards for manufactured homes built without a permanent chassis</header><text>Section 604(a) of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5403">42 U.S.C. 5403(a)</external-xref>) is amended by adding the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id3319d6ed6b664776b20feb660f5c6406"><paragraph id="id242787355e334cf68af29ddf84ddaeed"><enum>(7)</enum><header>Standards for manufactured homes built without a permanent chassis</header><subparagraph id="id51e3c56d6eef45228cd1cd6c046613ec"><enum>(A)</enum><header>In general</header><text>The Secretary, in consultation with the consensus committee, shall issue revised standards for manufactured homes built without a permanent chassis using the process described in paragraph (4).</text></subparagraph><subparagraph id="id9ee103289e9e4197a41c1e6cf60f8387"><enum>(B)</enum><header>Creating final standards</header><text>The Secretary shall, after consulting and conferring with the consensus committee, establish standards to ensure that manufactured homes without a permanent chassis have—</text><clause id="id59f7e2d1069c467e85fc84128ff06fcc"><enum>(i)</enum><text>a distinct label, with revenue generated to be deposited into the Manufactured Housing Fees Trust Fund established under section 620(e)(1), to be issued by the Secretary distinguishing manufactured home built without a permanent chassis from manufactured homes built on a permanent chassis;</text></clause><clause id="idc8205c63974140a6b0f44b77e03465cc"><enum>(ii)</enum><text>a data plate, as described in section 3280.5 of title 24, Code of Federal Regulations (or any successor regulation), distinguishing manufactured homes built without a permanent chassis from manufactured homes built on a permanent chassis; and</text></clause><clause id="ida4e862236b8c45ceab5760c540db0e40"><enum>(iii)</enum><text>a notation on any invoice produced by the manufacturer of a manufactured home that is distinguishable from the invoice for a manufactured home constructed with a permanent chassis.</text></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="idc27ae5278dec4f18ae4a9242289ca384"><enum>(c)</enum><header>Manufactured home certifications</header><text>Section 604 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5403">42 U.S.C. 5403</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id65b2dcca7e914e19a5dc8cf8d7e93fb0"><subsection id="id5ed706d4b774437eaea3ba05f36297e2"><enum>(i)</enum><header>Manufactured home certifications</header><paragraph id="id0f02efc4fd3f41bf81766f923d63bff1"><enum>(1)</enum><header>In general</header><subparagraph id="id70fb25a56837467ea4636a11d5c83f15"><enum>(A)</enum><header>Initial certification</header><text>Subject to subparagraph (B), not later than 1 year after the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title>, a State shall submit to the Secretary an initial certification that the laws and regulations of the State—</text><clause id="id127fe991f3c44d0681f0b72dc1af4946"><enum>(i)</enum><text>treat any manufactured home in parity with a manufactured home (as defined and regulated by the State); and</text></clause><clause id="ide56b014fbe444564b03146fd6a0a0c02"><enum>(ii)</enum><text>subject a manufactured home without a permanent chassis to the same laws and regulations of the State as a manufactured home built on a permanent chassis, including with respect to financing, title, insurance, manufacture, sale, taxes, transportation, installation, and other areas as the Secretary determines, after consultation with and approval by the consensus committee, are necessary to give effect to the purpose of this section.</text></clause></subparagraph><subparagraph id="id6764eced34d4424791b409152711afe6"><enum>(B)</enum><header>State plan submission</header><text>Any State plan submitted under section 623(b) shall contain the required State certification under subparagraph (A) and, if contained therein, no additional or State certification under subparagraph (A) or paragraph (3).</text></subparagraph><subparagraph id="id99564c63c7584f2cabd7f5126ccbb99f"><enum>(C)</enum><header>Extended deadline</header><text>With respect to a State with a legislature that meets biennially, the deadline for the submission of the initial certification required under subparagraph (A) shall be 2 years after the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title>.</text></subparagraph><subparagraph id="id5f90e5590472483ebae3b7e59375897c"><enum>(D)</enum><header>Late certification</header><clause commented="no" display-inline="no-display-inline" id="idd848c650560a414fbd1d3b11a77aba0e"><enum>(i)</enum><header display-inline="yes-display-inline"> No waiver</header><text>The Secretary may not waive the prohibition described in paragraph (5)(B) with respect to a certification submitted after the deadline under subparagraph (A) or paragraph (3) unless the Secretary approves the late certification.</text></clause><clause commented="no" display-inline="no-display-inline" id="ide751de35ce004eeead5d1fbbc560abeb"><enum>(ii)</enum><header display-inline="yes-display-inline">Rule of construction</header><text>Nothing in this subsection shall be construed to prevent a State from submitting the initial certification required under subparagraph (A) after the required deadline under that subparagraph.</text></clause></subparagraph></paragraph><paragraph id="id270cec15a16942c4b2336d3cec54332c"><enum>(2)</enum><header>Form of State certification not presented in a State plan</header><text>The initial certification required under paragraph (1)(A), if not submitted with a State plan under paragraph (1)(B), shall contain, in a form prescribed by the Secretary, an attestation by an official that the State has taken the steps necessary to ensure the veracity of the certification required under paragraph (1)(A), including, as necessary, by—</text><subparagraph id="ida9c9ed78bbd844c88436a1a7355a1411"><enum>(A)</enum><text>amending the definition of <term>manufactured home</term> in the laws and regulations of the State; and</text></subparagraph><subparagraph id="ide20b52743a844668a530a087e2d2bb19"><enum>(B)</enum><text>directing State agencies to amend the definition of <term>manufactured home</term> in regulations.</text></subparagraph></paragraph><paragraph id="id90b45ff689d54d99b807e4ebd9a6b2c4"><enum>(3)</enum><header>Annual recertification</header><text>Not later than a date to be determined by the Secretary each year, a State shall submit to the Secretary an additional certification that—</text><subparagraph id="idfc9e79b18b2142b9ad1257a2d6a1e582"><enum>(A)</enum><text>confirms the accuracy of the initial certification submitted under subparagraph (A) or (B) of paragraph (1); and</text></subparagraph><subparagraph id="id2995e5e984e54b2eacd3803ccd8aaa73"><enum>(B)</enum><text>certifies that any new laws or regulations enacted or adopted by the State since the date of the previous certification do not change the veracity of the initial certification submitted under paragraph (1)(A).</text></subparagraph></paragraph><paragraph id="id188213eda5d44c3ea0ef306989010d80"><enum>(4)</enum><header>List</header><text>The Secretary shall publish and maintain in the Federal Register and on the website of the Department of Housing and Urban Development a list of States that are up to date with the submission of initial and subsequent certifications required under this subsection.</text></paragraph><paragraph id="id272795b41ee44bc6b999c2664b1e7f3d"><enum>(5)</enum><header>Prohibition</header><subparagraph id="id7bda1dcb62ad4f6eba2e7f9b68ad6d89"><enum>(A)</enum><header>Definition</header><text>In this paragraph, the term <term>covered manufactured home</term> means a home that is—</text><clause id="id9892ec782f374258aa7654cac28585d4"><enum>(i)</enum><text>not considered a manufactured home under the laws and regulations of a State because the home is constructed without a permanent chassis;</text></clause><clause id="id98b1580b9ab14a8da417d8f673378fdf"><enum>(ii)</enum><text>considered a manufactured home under the definition of the term in section 603; and</text></clause><clause id="idc6c5e9d64e3e4c4dba731affcf47acef"><enum>(iii)</enum><text>constructed after the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title>.</text></clause></subparagraph><subparagraph commented="no" id="ida5335eb1a2324a6da32d43a2c22789d0"><enum>(B)</enum><header>Building, installation, and sale</header><text>If a State does not submit a certification under paragraph (1)(A) or (3) by the date on which those certifications are required to be submitted—</text><clause commented="no" id="id5be8000b17394e81a6a40a03278b39ad"><enum>(i)</enum><text>with respect to a State in which the State administers the installation of manufactured homes, the State shall prohibit the manufacture, installation, or sale of a covered manufactured home within the State; and</text></clause><clause commented="no" id="id40de67efa7f8410d821f5d1e2c2533c2"><enum>(ii)</enum><text>with respect to a State in which the Secretary administers the installation of manufactured homes, the State and the Secretary shall prohibit the manufacture, installation, or sale of a covered manufactured home within the State.</text></clause></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id199e594bbe0248809542984e4b071ef1"><enum>(d)</enum><header>Other Federal laws regulating manufactured homes</header><paragraph commented="no" display-inline="no-display-inline" id="id1ff7c650df214c4ab9e47d9c74fae272"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text>The Secretary of Housing and Urban Development may coordinate with the heads of other Federal agencies to ensure that Federal agencies treat a manufactured home (as defined in Federal laws and regulations other than section 603 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5402">42 U.S.C. 5402</external-xref>)) in the same manner as a manufactured home (as defined in section 603 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5402">42 U.S.C. 5402</external-xref>), as amended by this Act). </text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6f43befa18414bc08fcc1e99c67d4e25"><enum>(2)</enum><header>Energy efficiency standards</header><subparagraph commented="no" display-inline="no-display-inline" id="id27aa8219d0ce45aeaf1dd9ee0acc74e2"><enum>(A)</enum><header display-inline="yes-display-inline">Manufactured home defined</header><text>In this paragraph, the term <term>manufactured home</term> has the meaning given the term in section 603 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5402">42 U.S.C. 5402</external-xref>), as amended by this Act.</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idb415a436198b4677b8bd262fcad8c38c"><enum>(B)</enum><header display-inline="yes-display-inline">Process</header><text display-inline="yes-display-inline">No energy efficiency standards for manufactured homes developed by any Federal agency shall have legal effect unless and until adopted by the Department of Housing and Urban Development pursuant to the consensus standards and regulatory development process described in section 604(a)(2) of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5403">42 U.S.C. 5403(a)(2)</external-xref>).</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id155bd15b66344b20bc0a5a4d0d4ae1b9"><enum>(C)</enum><header>Minimum standards</header><text display-inline="yes-display-inline">The Secretary of Housing and Urban Development shall—</text><clause commented="no" display-inline="no-display-inline" id="idc641cdf3f73949d0ad810f3b651d0ffc"><enum>(i)</enum><text display-inline="yes-display-inline">not later than 1 year after the date of enactment of this Act, adopt minimum energy efficiency standards for manufactured homes; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id569454ba56c94ea7969383e458e12874"><enum>(ii)</enum><text display-inline="yes-display-inline">not less frequently than once every 3 years after adopting the standards under clause (i), update those standards.</text></clause></subparagraph></paragraph></subsection><subsection id="idb80ac51a3e924e909c68b8b98d9561e0"><enum>(e)</enum><header>Assistance to States</header><text>Section 609 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5408">42 U.S.C. 5408</external-xref>) is amended—</text><paragraph id="idb6dac32cc0ad42beb7e38634c3e7c533"><enum>(1)</enum><text>in paragraph (1), by striking <quote>and</quote> at the end;</text></paragraph><paragraph id="id57eed2d246e043248eb962e27513d66f"><enum>(2)</enum><text>in paragraph (2), by striking the period at the end and inserting <quote>; and</quote>; and</text></paragraph><paragraph id="id4671b19e5a764254bd912d4cbdc0dc82"><enum>(3)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idf94a8d592f4b4eb782d1c60a74710cc7"><paragraph id="idc01f33f445ec40b38603f1b5c9f5506e"><enum>(3)</enum><text>model guidance to support the submission of the certification required under section 604(i).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id891d1cd9542a4c95b4191acc31c03d57"><enum>(f)</enum><header>Preemption</header><text>Nothing in this section or the amendments made by this section shall be construed as limiting the scope of Federal preemption under section 604(d) of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5403">42 U.S.C. 5403(d)</external-xref>).</text></subsection></section><section id="idce6d04b518d94fd4b3106b669e1463e3"><enum>302.</enum><header>Modular Housing Production Act</header><subsection commented="no" display-inline="no-display-inline" id="idbd262df14228438bb08a739acf172deb"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section:</text><paragraph id="id77cf993eae5a4e53b75a11c39a095589"><enum>(1)</enum><header>Manufactured home</header><text>The term <term>manufactured home</term> has the meaning given the term in section 603 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5402">42 U.S.C. 5402</external-xref>).</text></paragraph><paragraph id="id2437dbc847f64b93a5258556bdf88cb6"><enum>(2)</enum><header>Modular home</header><text>The term <term>modular home</term> means a home that is constructed in a factory in 1 or more modules, each of which meets applicable State and local building codes of the area in which the home will be located, and that are transported to the home building site, installed on foundations, and completed.</text></paragraph><paragraph id="id017276a545054ecc81a4819ca904e029"><enum>(3)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph></subsection><subsection id="id11aa8736584a4b03b5e18cd1459f12d0"><enum>(b)</enum><header>FHA construction financing programs</header><paragraph id="id2c31844fdd2d45b6a8a6126c11b341bb"><enum>(1)</enum><header>In general</header><text>The Secretary shall conduct a review of Federal Housing Administration construction financing programs to identify barriers to the use of modular home methods.</text></paragraph><paragraph id="ida65e3052e23d45cbb5011e2c9d26cb0b"><enum>(2)</enum><header>Requirements</header><text>In conducting the review under paragraph (1), the Secretary shall—</text><subparagraph id="id54afa9cc15a24b3fa0c48843a8365d91"><enum>(A)</enum><text>identify and evaluate regulatory and programmatic features that restrict participation in construction financing programs by modular home developers, including construction draw schedules; and</text></subparagraph><subparagraph id="id305631222f574db887e65ad8fa7df660"><enum>(B)</enum><text>identify administrative measures authorized under section 525 of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1735f-3">12 U.S.C. 1735f–3</external-xref>) to facilitate program utilization by modular home developers.</text></subparagraph></paragraph><paragraph id="id588187c72f174852bd936fa1867fbe4d"><enum>(3)</enum><header>Report</header><text>Not later than 1 year after the date of enactment of this Act, the Secretary shall publish a report that describes the results of the review conducted under paragraph (1), which shall include a description of programmatic and policy changes that the Secretary recommends to reduce or eliminate identified barriers to the use of modular home methods in Federal Housing Administration construction financing programs.</text></paragraph><paragraph id="id3c3e4d5a0e584d3f95b8db3751e1be56"><enum>(4)</enum><header>Rulemaking</header><subparagraph id="ida19fe6ae59ec4e21bd670a39fe016d30"><enum>(A)</enum><header>In general</header><text>Not later than 120 days after the date on which the Secretary publishes the report under paragraph (3), the Secretary shall initiate a rulemaking to examine an alternative draw schedule for construction financing loans provided to modular and manufactured home developers, which shall include the ability for interested stakeholders to provide robust public comment.</text></subparagraph><subparagraph id="idf08761e6483b46d3899c5d8d2b8219d9"><enum>(B)</enum><header>Determination</header><text>Following the period for public comment under subparagraph (A), the Secretary shall—</text><clause id="id604c731e72414c1fa89b1561f50750e1"><enum>(i)</enum><text>issue a final rule regarding an alternative draw schedule described in subparagraph (A); or</text></clause><clause id="id1d3509a9a8a547c6b3ccd90303240226"><enum>(ii)</enum><text>provide an explanation as to why the rule shall not become final.</text></clause></subparagraph></paragraph></subsection><subsection id="id667394a92c7c439a98e627a2a91e7f22"><enum>(c)</enum><header>Standardized uniform commercial code for modular homes</header><text>The Secretary may award a grant to study the design and feasibility of a standardized uniform commercial code for modular homes, which shall evaluate—</text><paragraph id="idd586816c62b9400aa2043c2c09c4dfb5"><enum>(1)</enum><text>the utility of a standardized coding system for serializing and securing modules, streamlining design and construction, and improving modular home innovation; and</text></paragraph><paragraph id="ide9b0602c72da41f3b25944c5af99617a"><enum>(2)</enum><text>a means to coordinate a standardized code with financing incentives.</text></paragraph></subsection></section><section id="idbbf12955949147fb87ee5c254c622180"><enum>303.</enum><header>Property Improvement and Manufactured Housing Loan Modernization Act</header><subsection id="id08999f5e55844960b392a206cb1f23c1"><enum>(a)</enum><header>National Housing Act amendments</header><paragraph commented="no" display-inline="no-display-inline" id="id08d5431354414af683f1ab4bb2c38f37"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text>Section 2 of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1703">12 U.S.C. 1703</external-xref>) is amended—</text><subparagraph id="idf96566795c06412b930eda552a9e5669"><enum>(A)</enum><text>in subsection (a), by inserting <quote>construction of additional or accessory dwelling units, as defined by the Secretary,</quote> after <quote>energy conserving improvements,</quote>; and</text></subparagraph><subparagraph id="id203774b09b5b4687a2f971cfe8d6d7db"><enum>(B)</enum><text>in subsection (b)—</text><clause id="id75e891149a474057b4e7bf18b4c61f6c"><enum>(i)</enum><text>in paragraph (1)—</text><subclause id="id1b476bbe98a1436485bbcd4776ac0faa"><enum>(I)</enum><text>by striking subparagraph (A) and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id4b3e68f7ee4a433392a93bdd0ebeb71d"><subparagraph id="id092e678d6b124f218bf527cf85d2f585" indent="up1"><enum>(A)</enum><text>$75,000 if made for the purpose of financing alterations, repairs and improvements upon or in connection with an existing single-family structure, including a manufactured home;</text></subparagraph><after-quoted-block>;</after-quoted-block></quoted-block></subclause><subclause id="id25b4420dcebc4d0e9d0523cb6d91aee9"><enum>(II)</enum><text>in subparagraph (B)—</text><item id="id86a1d395109d42299226228c074c606d"><enum>(aa)</enum><text>by striking <quote>$60,000</quote> and inserting <quote>$150,000</quote>;</text></item><item id="id655c90907f6b4a308e11b3c8895bbb14"><enum>(bb)</enum><text>by striking <quote>$12,000</quote> and inserting <quote>$37,500</quote>; and</text></item><item id="id33c03d7e1edb4f779c1ce3736a7dd5db"><enum>(cc)</enum><text>by striking <quote>an apartment house or</quote>;</text></item></subclause><subclause id="id862c543170fb49dbb992337cc931ca80"><enum>(III)</enum><text>by striking subparagraphs (C) and (D) and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id58041c7654f841f880d1706d843ee098"><subparagraph id="id65cbf51e56a7483b88e4ada39ba9755c" indent="up1"><enum>(C)</enum><clause commented="no" display-inline="yes-display-inline" id="idbddcf41c7c9d4e189e4ed8f86f6b4f05"><enum>(i)</enum><text>$106,405 if made for the purpose of financing the purchase of a single-section manufactured home; and</text></clause><clause id="idcf21ce06a09c4e46ab63ddf6e5ca18e6" indent="up1"><enum>(ii)</enum><text>$195,322 if made for the purpose of financing the purchase of a multi-section manufactured home;</text></clause></subparagraph><subparagraph id="id39e311ea73b842399040c60a3b64fa84" indent="up1"><enum>(D)</enum><clause commented="no" display-inline="yes-display-inline" id="id547dad5be1fa4a86bf16dc81812d282a"><enum>(i)</enum><text>$149,782 if made for the purpose of financing the purchase of a single-section manufactured home and a suitably developed lot on which to place the home; and</text></clause><clause id="idd5ddad5d6f0c4e5bbb560276cfc60203" indent="up1"><enum>(ii)</enum><text>$238,699 if made for the purpose of financing the purchase of a multi-section manufactured home and a suitably developed lot on which to place the home;</text></clause></subparagraph><after-quoted-block>;</after-quoted-block></quoted-block></subclause><subclause id="id77f79a9a21b34bf1925767b673f45400"><enum>(IV)</enum><text>in subparagraph (E)—</text><item id="idcef0aeea24ab4899971057526988648a"><enum>(aa)</enum><text>by striking <quote>$23,226</quote> and inserting <quote>$43,377</quote>; and</text></item><item id="id2812273f15304636bc6dfd6ac0c7ba53"><enum>(bb)</enum><text>by striking the period at the end and inserting a semicolon;</text></item></subclause><subclause id="idae4ada25477444bd8c1bb9a8ce6bab3a"><enum>(V)</enum><text>in subparagraph (F), by striking <quote>and</quote> at the end;</text></subclause><subclause id="id53ce2d86a52e48528a672495cc57d559"><enum>(VI)</enum><text>in subparagraph (G), by striking the period at the end and inserting <quote>; and</quote>; and</text></subclause><subclause id="idfeaee15059254dd686df29e20bfbaaf9"><enum>(VII)</enum><text>by inserting after subparagraph (G) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id1c4310bcb00a4ae6b4efce52ff154766"><subparagraph id="id3b0e1f06f4f746ada5702495844d4c3e" indent="up1"><enum>(H)</enum><text>such principal amount as the Secretary may prescribe if made for the purpose of financing the construction of an accessory dwelling unit.</text></subparagraph><after-quoted-block>;</after-quoted-block></quoted-block></subclause></clause><clause commented="no" display-inline="no-display-inline" id="ideda24caa4e964bab9737b276b0cc32de"><enum>(ii)</enum><text>in the matter immediately preceding paragraph (2)—</text><subclause id="id38a94920881c4049a15c6a4b86a8271f"><enum>(I)</enum><text>by striking <quote>regulation</quote> and inserting <quote>notice</quote>;</text></subclause><subclause id="id579a4bdcedbd4b0bbf10c3b2278a8949"><enum>(II)</enum><text>by striking <quote>increase</quote> and inserting <quote>set</quote>;</text></subclause><subclause id="id3562875428fe4d74a5e8b76f280f9aab"><enum>(III)</enum><text>by striking <quote>(A)(ii), (C), (D), and (E)</quote> and inserting <quote>(A) through (H)</quote>;</text></subclause><subclause id="id5397bab25eaa4412baf1ca99b52ac696"><enum>(IV)</enum><text>by inserting <quote>, or as necessary to achieve the goals of the Federal Housing Administration, periodically reset the dollar amount limitations in subparagraphs (A) through (H) based on justification and methodology set forth in advance by regulation</quote> before the period at the end; and</text></subclause><subclause id="id2bed378329154cfb99a68599a9666005"><enum>(V)</enum><text>by adjusting the margins appropriately;</text></subclause></clause><clause id="id1952fd74161048c09d86b50f6dc2a75c"><enum>(iii)</enum><text>in paragraph (3), by striking <quote>exceeds—</quote> and all that follows through the period at the end and inserting <quote>exceeds such period of time as determined by the Secretary, not to exceed 30 years.</quote>;</text></clause><clause id="id43d3452c3d4446faa56ff99c972a782f"><enum>(iv)</enum><text>by striking paragraph (9) and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idd1248f7b3f1042fea9f9bcfe3762c7e3"><paragraph id="id8f065be566e54d51bfe1a1be3454ad95"><enum>(9)</enum><header>Annual indexing of certain dollar amount limitations</header><text>The Secretary shall develop or choose 1 or more methods of indexing in order to annually set the loan limits established in paragraph (1), based on data the Secretary determines is appropriate for purposes of this section.</text></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></clause><clause id="ide325f5f52a284551aefe5a46b0c7b864"><enum>(v)</enum><text>in paragraph (11), by striking <quote>lease—</quote> and all that follows through the period at the end and inserting <quote>lease meets the terms and conditions established by the Secretary</quote>.</text></clause></subparagraph></paragraph><paragraph id="idf2bd16bc40c94ff8b219039336bb7a37"><enum>(2)</enum><header>Deadline for development or choice of new index; interim index</header><subparagraph id="idf55b4a8da3564541aa85cd00fc770d68"><enum>(A)</enum><header>Deadline for development or choice of new index</header><text>Not later than 1 year after the date of enactment of this Act, the Secretary of Housing and Urban Development shall develop or choose 1 or more methods of indexing as required under section 2(b)(9) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1703">12 U.S.C. 1703(b)(9)</external-xref>), as amended by paragraph (1) of this subsection.</text></subparagraph><subparagraph id="id190ca659597a4941a763c3fe6310e300"><enum>(B)</enum><header>Interim index</header><text>During the period beginning on the date of enactment of this Act and ending on the date on which the Secretary of Housing and Urban Development develops or chooses 1 or more methods of indexing as required under section 2(b)(9) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1703">12 U.S.C. 1703(b)(9)</external-xref>), as amended by paragraph (1) of this subsection, the method of indexing established by the Secretary under such section 2(b)(9) before the date of enactment of this Act shall apply.</text></subparagraph></paragraph></subsection><subsection id="idde12b86f0b85415298298dc9dde58ceb"><enum>(b)</enum><header>HUD study of off-site construction</header><paragraph id="idda5c1229f49d45e2926980b510f518ea"><enum>(1)</enum><header>Definitions</header><text>In this subsection:</text><subparagraph id="id8c66212036424ac9a437cf1bcddf0d33"><enum>(A)</enum><header>Off-site construction housing</header><text>The term <term>off-site construction housing</term> includes manufactured homes and modular homes.</text></subparagraph><subparagraph id="id09ec6ab9cd4849eab8f9a65dec5b1ed4"><enum>(B)</enum><header>Manufactured home</header><text>The term <term>manufactured home</term> means any home constructed in accordance with the construction and safety standards established under the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5401">42 U.S.C. 5401 et seq.</external-xref>).</text></subparagraph><subparagraph id="id426e6ad81e024651b4e5c50a27b6dae5"><enum>(C)</enum><header>Modular home</header><text>The term <term>modular home</term> means a home that is constructed in a factory in 1 or more modules, each of which meets applicable State and local building codes of the area in which the home will be located, and that are transported to the home building site, installed on foundations, and completed.</text></subparagraph></paragraph><paragraph id="id20228c81ad6d4a42a6b031730b6454a1"><enum>(2)</enum><header>Study</header><text>The Secretary of Housing and Urban Development shall conduct a study and submit to Congress a report on the cost effectiveness of off-site construction housing, that includes—</text><subparagraph id="id8409c32c1fea4c008a20a62c0b31ecae"><enum>(A)</enum><text>an analysis of the advantages and the impact of centralization in a factory and transportation to a construction site on cost, precision, and materials waste;</text></subparagraph><subparagraph id="id1110003b2d0c495684e71b9185ff9412"><enum>(B)</enum><text>the extent to which off-site construction housing meets housing quality standards under the National Standards for the Physical Inspection of Real Estate, or other standards as the Secretary may prescribe, compared to the extent for site-built homes, for such standards;</text></subparagraph><subparagraph id="id4ae59e41b95c41fdab4c0b301295630a"><enum>(C)</enum><text>the expected replacement and maintenance costs over the first 40 years of life of off-site construction homes compared to those costs for site-built homes; and</text></subparagraph><subparagraph id="id8d182babb7c54ad9a58b7c7032385473"><enum>(D)</enum><text>opportunities for use beyond single-family housing, such as applications in accessory dwelling units, two- to four-unit housing, and large multifamily housing.</text></subparagraph></paragraph></subsection></section><section id="id95C54F996C1543DBA7D669403B30134D"><enum>304.</enum><header>Price Act</header><text display-inline="no-display-inline">Title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5301">42 U.S.C. 5301 et seq.</external-xref>) is amended—</text><paragraph commented="no" display-inline="no-display-inline" id="id21bdb7f113214131b6d90ff94f8d6b12"><enum>(1)</enum><text display-inline="yes-display-inline">in section 105(a) (<external-xref legal-doc="usc" parsable-cite="usc/42/5305">42 U.S.C. 5305(a)</external-xref>), in the matter preceding paragraph (1), by striking <quote>Activities</quote> and inserting <quote>Unless otherwise authorized under section 123, activities</quote>; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idcb0b724597614b798d5bffc57eccafbb"><enum>(2)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id24e7d92a675748c5be59f2b80e0ecb58"><section id="id8dd2360f71274119b4bd797de6a06dc0"><enum>123.</enum><header>Preservation and reinvestment for community enhancement</header><subsection id="idcd066e9d4db743c3b28caafa502aadad"><enum>(a)</enum><header>Definitions</header><text>In this section:</text><paragraph id="idbc5e25d003e943aba00f0d60d60cf84f"><enum>(1)</enum><header>Community development financial institution</header><text>The term <term>community development financial institution</term> means an institution that has been certified as a community development financial institution (as defined in section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 (<external-xref legal-doc="usc" parsable-cite="usc/12/4702">12 U.S.C. 4702</external-xref>)) by the Secretary of the Treasury. </text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id514504e3502345cb95056f4795298368"><enum>(2)</enum><header display-inline="yes-display-inline">Eligible manufactured housing community</header><text>The term <term>eligible manufactured housing community</term> means a manufactured housing community that—</text><subparagraph id="id5f912491c7464e00a1fbfea2f5e8cc4d"><enum>(A)</enum><text>is affordable to low- and moderate-income persons, as determined by the Secretary, but not more than 120 percent of the area median income; and </text></subparagraph><subparagraph id="id72A243F7299F4E31AD6D221A04CFAA36"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="id328EB4D426614FD2B67BB0AE84CCFA63"><enum>(i)</enum><text>is owned by the residents of the manufactured housing community through a resident-controlled entity such as a resident-owned cooperative; or</text></clause><clause id="idc96184a3ad064877a513ec63ed2d7559" indent="up1"><enum>(ii)</enum><text>will be maintained as such a community, and remain affordable for low- and moderate-income persons, to the maximum extent practicable and for the longest period feasible.</text></clause></subparagraph></paragraph><paragraph id="id09837994b42046d39c700e332e72eb3f"><enum>(3)</enum><header>Eligible recipient</header><text>The term <term>eligible recipient</term> means—</text><subparagraph commented="no" display-inline="no-display-inline" id="id82d8313250db4250a672880359e0df66"><enum>(A)</enum><text display-inline="yes-display-inline">an eligible manufactured housing community;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id5e33ad3b3189425d8505d17c2af57532"><enum>(B)</enum><text display-inline="yes-display-inline">a unit of general local government;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idda0f14d3319c45d7b5b78aaeecc5584a"><enum>(C)</enum><text display-inline="yes-display-inline">a housing authority;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id07e5077459484bd482533f8ace02b051"><enum>(D)</enum><text>a resident-owned community;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id95a18e26a0614eaea7afed479ce6b187"><enum>(E)</enum><text>a resident-owned cooperative;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="iddf3cad9a18ed41bb94c75bcddab94063"><enum>(F)</enum><text>a nonprofit entity with housing expertise or a consortium of such entities;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id6178ec0835c746ea8f8f337359d42f0b"><enum>(G)</enum><text display-inline="yes-display-inline">a community development financial institution;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id79e33ab32e5b44ab883bdfae46ad65de"><enum>(H)</enum><text display-inline="yes-display-inline">an Indian tribe;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id9cc00fabf79d4550819ec8f71e4986a2"><enum>(I)</enum><text display-inline="yes-display-inline">a tribally designated housing entity;</text></subparagraph><subparagraph id="id3847f89375684318bde2bc3a04a86d80"><enum>(J)</enum><text>the Department of Hawaiian Home Lands;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id738fe70e2df64754b199d43cf6d08758"><enum>(K)</enum><text display-inline="yes-display-inline">a State; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id1db8e0537cca4d70b2d12ed0dc196c47"><enum>(L)</enum><text display-inline="yes-display-inline">any other entity that is—</text><clause commented="no" display-inline="no-display-inline" id="idac9a0a2c5fa3445298fb797dab32aa23"><enum>(i)</enum><text display-inline="yes-display-inline">an owner-operator of an eligible manufactured housing community; and</text></clause><clause commented="no" display-inline="no-display-inline" id="idfec6453e787941bf83fa1bb550de578e"><enum>(ii)</enum><text display-inline="yes-display-inline">working with an eligible manufactured housing community.</text></clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id232587d63eb14b7797470479dc683a2e"><enum>(4)</enum><header>Indian tribe</header><text>The term <term>Indian tribe</term> has the meaning given the term <term>Indian tribe</term> in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/25/4103">25 U.S.C. 4103</external-xref>).</text></paragraph><paragraph id="id50bfa361bf5b4e1198bc9ae03013d69c"><enum>(5)</enum><header>Manufactured housing community</header><text>The term <term>manufactured housing community</term> means—</text><subparagraph id="ida6e4e992aef14e8f85c45d89a8fd23e4"><enum>(A)</enum><text>any community, court, park, or other land under unified ownership developed and accommodating, or equipped to accommodate, the placement of manufactured homes, where—</text><clause id="id588deca3051c40b3800a789c2b6c78ae"><enum>(i)</enum><text>spaces within such community are or will be primarily used for residential occupancy;</text></clause><clause id="idaa05bfc19672439b862a72065aa1222b"><enum>(ii)</enum><text>all homes within the community are used for permanent occupancy; and</text></clause><clause id="idafce10c4e3a84d9c852bca93d882ae3e"><enum>(iii)</enum><text>a majority of such occupied spaces within the community are occupied by manufactured homes, which may include homes constructed prior to enactment of the Manufactured Home Construction and Safety Standards; or</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id64f264b0fe704490873a6015c5aa39ff"><enum>(B)</enum><text>any community that meets the definition of manufactured housing community used for programs similar to the program under this section.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id8314472ef09a461299ad6b6483590acb"><enum>(6)</enum><header>Resident health, safety, and accessibility activities</header><text>The term <term>resident health, safety, and accessibility activities</term> means the reconstruction, repair, or replacement of manufactured housing and manufactured housing communities to—</text><subparagraph commented="no" display-inline="no-display-inline" id="id90c29f36754f4dbabbafbe50d429dfe6"><enum>(A)</enum><text display-inline="yes-display-inline">protect the health and safety of residents; </text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idc5e70794688d4d298fb157ee0b2f1655"><enum>(B)</enum><text display-inline="yes-display-inline">address weatherization and reduce utility costs; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id88eedbb448a9483186fd7af2d46df5da"><enum>(C)</enum><text>address accessibility needs for residents with disabilities.</text></subparagraph></paragraph><paragraph id="id41b3aebc44404bc3bd1b309d580231f7"><enum>(7)</enum><header>Tribally designated housing entity</header><text>The term <term>tribally designated housing entity</term> has the meaning given the term in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/25/4103">25 U.S.C. 4103</external-xref>).</text></paragraph></subsection><subsection id="idea1bfc4aa9c84f62bbcbbab5a1c38459"><enum>(b)</enum><header>Establishment</header><text>There is authorized a competitive grant program that the Secretary shall, by notice, carry out to make awards utilizing funds appropriated for such purpose to eligible recipients to carry out eligible projects for development of or improvements to eligible manufactured housing communities.</text></subsection><subsection id="id3fa5c5218dab4877a54b5de49cf7eca3"><enum>(c)</enum><header>Eligible projects</header><paragraph commented="no" display-inline="no-display-inline" id="id9e4f24d866da4b738e7a332d6b35204a"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text>Amounts from grants under this section may be used for—</text><subparagraph id="ida079ea2eb80847efa88b0340db414d6d"><enum>(A)</enum><text>community infrastructure, facilities, utilities, and other land improvements in or serving an eligible manufactured housing community;</text></subparagraph><subparagraph id="id759b0363e79a49fbb8271ce9e1b45a4b"><enum>(B)</enum><text>reconstruction or repair of existing housing within an eligible manufactured housing community;</text></subparagraph><subparagraph id="id6cb821b58a574f6fa79c881821858dcb"><enum>(C)</enum><text>replacement of homes within an eligible manufactured housing community;</text></subparagraph><subparagraph id="id5bedb4a2a86441cea41b1f60faeff8a5"><enum>(D)</enum><text>planning;</text></subparagraph><subparagraph id="idfef15be737924b42b53676a2548a34f3"><enum>(E)</enum><text>resident health, safety, and accessibility activities in homes in an eligible manufactured housing community;</text></subparagraph><subparagraph id="id18d55f9710da420e9fa09019a54cede7"><enum>(F)</enum><text>land and site acquisition and infrastructure for expansion or construction of an eligible manufactured housing community;</text></subparagraph><subparagraph id="id0fc366e062a84d7796993e5402675aa2"><enum>(G)</enum><text>resident and community services, including relocation assistance, eviction prevention, and down payment assistance; and</text></subparagraph><subparagraph id="idb447c55bf0f44712aa43f84e9992291b"><enum>(H)</enum><text>any other activity that—</text><clause commented="no" display-inline="no-display-inline" id="id43502f6d80eb4ade9b294af403052a7f"><enum>(i)</enum><text display-inline="yes-display-inline">is approved by the Secretary consistent with the requirements under this section; </text></clause><clause commented="no" display-inline="no-display-inline" id="iddbe0e0e5f9354f26985a023d24e2576a"><enum>(ii)</enum><text display-inline="yes-display-inline">improves the overall living conditions of an eligible manufactured housing community, which may include the addition or enhancement of shared spaces such as community centers, recreational areas, or other facilities that support resident well-being and community engagement; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id886401890ec74304a8f8090557d02bf1"><enum>(iii)</enum><text display-inline="yes-display-inline">is necessary to protect the health and safety of the residents of the eligible manufactured housing community and the long-term affordability and sustainability of the community.</text></clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ided5d77f6ba7e4bf49798ca00ee7a7166"><enum>(2)</enum><header>Replacement</header><text>For purposes of subparagraphs (B) and (C) of paragraph (1), grants under this section—</text><subparagraph commented="no" display-inline="no-display-inline" id="id9f794eeb3e7b42ecb0c68ac9546f4e5d"><enum>(A)</enum><text display-inline="yes-display-inline">may not be used for rehabilitation or modernization of units that were built before June 15, 1976; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="iddad40d533ff54813acd38221192a69e2"><enum>(B)</enum><text display-inline="yes-display-inline">may only be used for disposition and replacement of units described in subparagraph (A), provided that any replacement housing complies with the Manufactured Home Construction and Safety Standards or is another allowed type of home, as determined by the Secretary.</text></subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id17a665252bb44acf839698b669c22777"><enum>(d)</enum><header>Priority</header><text>In awarding grants under this section, the Secretary shall prioritize applicants that will carry out activities that primarily benefit low- and moderate-income residents and preserve long-term housing affordability for residents of eligible manufactured housing communities. </text></subsection><subsection id="idcea4e523c05644a0a861a2c74f7fd6f1"><enum>(e)</enum><header>Waivers</header><text>The Secretary may waive or specify alternative requirements for any provision of law or regulation that the Secretary administers in connection with use of amounts made available under this section other than requirements related to fair housing, nondiscrimination, labor standards, and the environment, upon a finding that the waiver or alternative requirement is not inconsistent with the overall purposes of this section and that the waiver or alternative requirement is necessary to facilitate the use of amounts made available under this section.</text></subsection><subsection id="idd74c011193ed4ae0a036000bdbd7d7c1"><enum>(f)</enum><header>Implementation</header><paragraph id="id35d7c520de3140358ba3ebfbe6127fb5"><enum>(1)</enum><header>In general</header><text>Any grant made under this section shall be made pursuant to criteria for selection of recipients of such grants that the Secretary shall by regulation establish and publish together with any notification of availability of amounts under this section.</text></paragraph><paragraph id="id46216a16641b4be6a567a6689d32061a"><enum>(2)</enum><header>Set-aside of grant amounts</header><text>The Secretary may set aside amounts provided under this section for grants to Indian tribes, tribally designated housing entities, and the Department of Hawaiian Home Lands.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></section><enum>IV</enum><header>Accessing the American Dream</header><section id="id77dd3fffeb77454e8d368a1e10de3c4b"><enum>401.</enum><header>Creating incentives for small dollar loan originators</header><subsection id="id06be163245f64472b24f0ea50a2381e9"><enum>(a)</enum><header>Definitions</header><text>In this section:</text><paragraph commented="no" display-inline="no-display-inline" id="id9f02d6848787443188de67761d75ce56"><enum>(1)</enum><header>Director</header><text>The term <term>Director</term> means the Director of the Bureau of Consumer Financial Protection.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idf16ddc0762cc429a9f89f5bd18db20fc"><enum>(2)</enum><header display-inline="yes-display-inline">Small dollar mortgage</header><text>The term <term>small dollar mortgage</term> means a mortgage loan having an original principal obligation of not more than $100,000 that is—</text><subparagraph id="id7b4f5a493d954117b6e5dfb099b19322"><enum>(A)</enum><text>secured by real property designed for the occupancy of between 1 and 4 families; and</text></subparagraph><subparagraph id="idcd3ac5ce46f94ac98c77bcb174cf4b9e"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="idf1804b3b313c49ba8e0bc86536ddcc87"><enum>(i)</enum><text>insured by the Federal Housing Administration under title II of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1707">12 U.S.C. 1707 et seq.</external-xref>);</text></clause><clause id="id5e939c8dcb0e4235a8f1c9b14c633cd1" indent="up1"><enum>(ii)</enum><text>made, guaranteed, or insured by the Department of Veterans Affairs;</text></clause><clause commented="no" display-inline="no-display-inline" indent="up1" id="id008a6c5baabe4e848642e81ae4df27af"><enum>(iii)</enum><text>made, guaranteed, or insured by the Department of Agriculture; or</text></clause><clause commented="no" display-inline="no-display-inline" indent="up1" id="idde5cea9648954cf68f86d17e9ea273be"><enum>(iv)</enum><text>eligible to be purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.</text></clause></subparagraph></paragraph></subsection><subsection id="id49929f3074f9450a9a72b3fc92d7b3c5"><enum>(b)</enum><header>Requirement regarding loan originator compensation practices</header><text>Not later than 270 days after the date of enactment of this Act, the Director shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on loan originator compensation practices throughout the residential mortgage market, including the relative frequency of loan originators being compensated—</text><paragraph id="idbd303e0003954f0ea7b1f4a9c5c9ab45"><enum>(1)</enum><text>with a salary;</text></paragraph><paragraph id="id75a10b125bd34107a8dfb999087f0146"><enum>(2)</enum><text>with a commission reflecting a fixed percentage of the amount of credit extended;</text></paragraph><paragraph id="id04685a7ac82c492ea870f665ca8dc4cc"><enum>(3)</enum><text>with a commission based on a factor other than a fixed percentage of the amount of credit extended;</text></paragraph><paragraph id="idf967e5024ba7499a9aec140585330cb9"><enum>(4)</enum><text>with a combination of salary and commission;</text></paragraph><paragraph id="id28d3e5f6776049469d956244f5049177"><enum>(5)</enum><text>on a loan volume basis;</text></paragraph><paragraph id="id7fab11ecc68d46c787fb0b104ca13c46"><enum>(6)</enum><text>with a commission reflecting a percentage of the amount of credit extended, for which a minimum or maximum compensation amount is set; and</text></paragraph><paragraph id="id546c5d7d917a412191ece4bb6faacef1"><enum>(7)</enum><text>by any other mechanism that the Director may find to be a practice for compensating mortgage loan originators, including any mechanism that provides a loan originator with compensation in such a way that the loan originator does not necessarily receive a lower level of compensation for originating a small dollar mortgage than the loan originator would receive for originating a mortgage loan that is not a small dollar mortgage.</text></paragraph></subsection><subsection commented="no" id="id8ac2d745927545229eaba108fc8c182c"><enum>(c)</enum><header>Contents</header><text>The report required under subsection (b) shall include—</text><paragraph commented="no" display-inline="no-display-inline" id="id14363a647a4441e0a44561df15e0c5b2"><enum>(1)</enum><text display-inline="yes-display-inline">data and other analysis regarding the effect of the approaches to loan originator compensation described in subsection (b) on the availability of small dollar mortgage loans; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7c4e3421be0d4d569a82850486e9b9ad"><enum>(2)</enum><text display-inline="yes-display-inline">an analysis and a discussion regarding potential barriers to small dollar mortgage lending.</text></paragraph></subsection><subsection commented="no" id="idf2a2e54a5eb44e86b2b6595ddf28c3d1"><enum>(d)</enum><header>Rulemaking</header><text>Following the issuance of the report required under subsection (b), the Director may issue regulations to clarify the forms of compensation a lender may use to compensate a loan originator that—</text><paragraph id="idadf4d3f382b140c89fc9b53eff93543b"><enum>(1)</enum><text>are permissible pursuant to section 129B(c) of the Truth in Lending Act (<external-xref legal-doc="usc" parsable-cite="usc/15/1639b">15 U.S.C. 1639b(c)</external-xref>); and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="iddd9036853b0045aeb9b1eb64caf31021"><enum>(2)</enum><text>would result in the loan originator receiving compensation for originating a small dollar mortgage that is not less than the compensation the loan originator would receive for originating a mortgage loan that is not a small dollar mortgage.</text></paragraph></subsection></section><section id="id3ed663b891e04fc08981bfdb81a51b12"><enum>402.</enum><header>Small dollar mortgage points and fees</header><subsection id="id490cd0e95eb5422c8d659cd538d9e275"><enum>(a)</enum><header>Small dollar mortgage defined</header><text>In this section, the term <term>small dollar mortgage</term> means a mortgage with an original principal obligation of less than $100,000.</text></subsection><subsection id="id1f61ce64092b46338378c62ee4b668b7"><enum>(b)</enum><header>Amendments</header><paragraph commented="no" display-inline="no-display-inline" id="id28c5e09fe12547629c7f7e95e760ce89"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">Not later than 270 days after the date of enactment of this Act, the Director of the Bureau of Consumer Financial Protection, in consultation with the Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency, shall evaluate the impact of the thresholds under section 1026.43 of title 12, Code of Federal Regulations (as in effect on the date of enactment of this Act), on small dollar mortgage originations.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7ffcf086c25a499188ec6f6bb69e1732"><enum>(2)</enum><header>Rulemaking</header><text display-inline="yes-display-inline">Following the evaluation required under paragraph (1), the Director of the Bureau of Consumer Financial Protection may promulgate regulations to amend the limitations with respect to points and fees under section 1026.43 of title 12, Code of Federal Regulations, or any successor regulation, to encourage additional lending for small dollar mortgages.</text></paragraph></subsection></section><section id="H5F6D3C32FAA242C59DB58DD4A0AA9561"><enum>403.</enum><header>Appraisal Industry Improvement Act</header><subsection commented="no" display-inline="no-display-inline" id="idaa0af8d3f4f944c1abb0b054460859f3"><enum>(a)</enum><header display-inline="yes-display-inline">Appraisal standards</header><paragraph id="HCEB57A4A918E47C09FA0A73C736248EC"><enum>(1)</enum><header>Certification or licensing</header><subparagraph id="id9600D9C256374B03A6C8F8B195CE0134"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Section 202(g)(5) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(g)(5)</external-xref>) is amended—</text><clause commented="no" display-inline="no-display-inline" id="ida487c0b92fcc4041a22d5ab64216a061"><enum>(i)</enum><text display-inline="yes-display-inline">by moving the paragraph two ems to the left; and</text></clause><clause commented="no" display-inline="no-display-inline" id="ida8ff4d2127ba4f1c92c99e5174583848"><enum>(ii)</enum><text display-inline="yes-display-inline">by striking subparagraphs (A) and (B) and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="H642307B339C448E69546EFC4A662C21E"><subparagraph id="HFABCA42540AF4222AA7A6D09EA48A4A0" indent="up1"><enum>(A)</enum><text display-inline="yes-display-inline">be certified or licensed by the State in which the property to be appraised is located, except that an appraiser who has as their primary duty conducting appraisal-related activities and who chooses to become a State-licensed or certified real estate appraiser need only to be licensed or certified in 1 State or territory to perform appraisals on mortgages insured by the Federal Housing Administration in all States and territories;</text></subparagraph><subparagraph id="idCBF73D256C03413CBA266E23C7C35016" indent="up1"><enum>(B)</enum><text>meet the requirements under the competency rule set forth in the Uniform Standards of Professional Appraisal Practice before accepting an assignment; and</text></subparagraph><subparagraph id="id344EBBCB50904850916933704AD07BA0" indent="up1"><enum>(C)</enum><text>have demonstrated verifiable education in the appraisal requirements established by the Federal Housing Administration under this subsection, which shall include the completion of a course or seminar that educates appraisers on those appraisal requirements, which shall be provided by—</text><clause id="id920136B43FBA4FCB8387F2720CA7A20B"><enum>(i)</enum><text>the Federal Housing Administration; or</text></clause><clause commented="no" display-inline="no-display-inline" id="id0dfe215fc4f44bfa8c5104d6d8c006ac"><enum>(ii)</enum><text display-inline="yes-display-inline">a third party, if the course is approved by the Secretary or a State appraiser certifying or licensing agency.</text></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></clause></subparagraph><subparagraph id="id5D11750F8F7D43EAB8A6271CC0FF7F30"><enum>(B)</enum><header>Application</header><text>Subparagraph (C) of section 202(g)(5) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(g)(5)</external-xref>), as added by subparagraph (A), shall not apply with respect to any certified appraiser approved by the Federal Housing Administration to conduct appraisals on property securing a mortgage to be insured by the Federal Housing Administration on or before the effective date described in paragraph (3)(C).</text></subparagraph></paragraph><paragraph id="H899E02D1132E486AA24D60124F087C52"><enum>(2)</enum><header>Compliance with verifiable education and competency requirements</header><text display-inline="yes-display-inline">On and after the effective date described in paragraph (3)(C), no appraiser may conduct an appraisal on a property securing a mortgage to be insured by the Federal Housing Administration unless—</text><subparagraph id="idBB7F189683774D498E390DE0D63D548F"><enum>(A)</enum><text display-inline="yes-display-inline">the appraiser is in compliance with the requirements of subparagraphs (A) and (B) of section 202(g)(5) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(g)(5)</external-xref>), as amended by paragraph (1); and</text></subparagraph><subparagraph id="idB2C63C405AC04BE08401458928B2841E"><enum>(B)</enum><text>if the appraiser was not approved by the Federal Housing Administration to conduct appraisals on mortgages insured by the Federal Housing Administration before the date on which the mortgagee letter or guidance takes effect under paragraph (3)(C), the appraiser is in compliance with subparagraph (C) of such section 202(g)(5).</text></subparagraph></paragraph><paragraph id="H5D3749CF7AC5446884A7106998A55B63"><enum>(3)</enum><header>Implementation</header><text display-inline="yes-display-inline">Not later than the 240 days after the date of enactment of this Act, the Secretary of Housing and Urban Development shall issue a mortgagee letter or guidance that—</text><subparagraph id="H10569D2EA9FE4B5786E6EDB2F14F4338"><enum>(A)</enum><text>implements the amendments made by paragraph (1);</text></subparagraph><subparagraph id="HA0AA4F963C7043AEBB79DDA5C0E3B156"><enum>(B)</enum><text>clearly sets forth all of the specific requirements under section 202(g)(5) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(g)(5)</external-xref>), as amended by paragraph (1), for approval to conduct appraisals on property secured by a mortgage to be insured by the Federal Housing Administration, which shall include—</text><clause id="H0149D15B0C924D989D3C9A745CC16207"><enum>(i)</enum><text>providing that, before the effective date of the mortgagee letter or guidance, compliance with the requirements under subparagraphs (A), (B), and (C) of such section 202(g)(5), as amended by paragraph (1), shall be considered to fulfill the requirements under such subparagraphs; and</text></clause><clause id="H0F86206E5AF54545955E593C54F82EB5"><enum>(ii)</enum><text>providing a method for appraisers to demonstrate such prior compliance; and</text></clause></subparagraph><subparagraph id="HD1A1E9BEDB024A69A5993FA6E1BC7E1E"><enum>(C)</enum><text>takes effect not later than the date that is 180 days after the date on which the Secretary issues the mortgagee letter or guidance.</text></subparagraph></paragraph></subsection><subsection id="H0B11B4E126C54AA0B7631C6CBD5A01D2"><enum>(b)</enum><header>Annual registry fees for appraisal management companies</header><text display-inline="yes-display-inline">Section 1109(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (<external-xref legal-doc="usc" parsable-cite="usc/12/3338">12 U.S.C. 3338(a)</external-xref>) is amended, in the matter following clause (ii) of paragraph (4)(B), by adding at the end the following: <quote>Subject to the approval of the Council, the Appraisal Subcommittee may adjust fees established under clause (i) or (ii) to carry out its functions under this Act.</quote>.</text></subsection><subsection id="H3BB1D82D421C4469858366926D39929A"><enum>(c)</enum><header>State credentialed trainees</header><paragraph id="H6BF5F09EBAF146108195BF02AA2328BE"><enum>(1)</enum><header>Maintenance on national registry</header><text display-inline="yes-display-inline">Section 1103(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (<external-xref legal-doc="usc" parsable-cite="usc/12/3332">12 U.S.C. 3332(a)</external-xref>) is amended—</text><subparagraph id="idAF7DA595BC9C4E60A1A67BFEB3E914DF"><enum>(A)</enum><text display-inline="yes-display-inline">in paragraph (3)—</text><clause commented="no" display-inline="no-display-inline" id="id7c777bc3c15b45c09c5b9ebe7a11e874"><enum>(i)</enum><text display-inline="yes-display-inline">by inserting <quote>and State credentialed trainee appraisers</quote> after <quote>licensed appraisers</quote>; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id52fff76e46d64666a7834fcd22424a60"><enum>(ii)</enum><text>by striking <quote>and</quote> at the end;</text></clause></subparagraph><subparagraph id="idDD7D35283CFE4F6CA1894DC1440998C4"><enum>(B)</enum><text>by striking paragraph (4);</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id6351bba788214099a5d3434ebb6183db"><enum>(C)</enum><text>by redesignating paragraphs (5) and (6) as paragraphs (4) and (5), respectively; and</text></subparagraph><subparagraph id="idB8822CFA85CF4591A5B947D37C62D7A0"><enum>(D)</enum><text>in paragraph (4), as so redesignated—</text><clause id="idB00B3EF02B4546A4AFBC59A2406C5813"><enum>(i)</enum><text>by striking <quote>year. The report shall also detail</quote> and inserting <quote>year, detailing</quote>;</text></clause><clause id="id3EB9A9B199D14B0EB10993B81E0ED033"><enum>(ii)</enum><text>by striking <quote>provide</quote> and inserting <quote>provides</quote>; and</text></clause><clause id="idDB3EAB3FC4734F2A9EADB926B4B1A5D6"><enum>(iii)</enum><text>by striking the period at the end and inserting <quote>; and</quote>.</text></clause></subparagraph></paragraph><paragraph id="H1F0D92AD42AF4A74822146964CF848D6"><enum>(2)</enum><header>Annual registry fees</header><subparagraph id="id5F023C02617740688D767DBA17B10E7F"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Section 1109 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (<external-xref legal-doc="usc" parsable-cite="usc/12/3338">12 U.S.C. 3338</external-xref>) is amended—</text><clause id="idd81a81ffd7dc48e1a205bc3ec72d8a2c"><enum>(i)</enum><text>in the section heading, by striking <quote>certified or licensed</quote> and inserting <quote>, certified, licensed, and credentialed trainee</quote>; and</text></clause><clause id="id00ec5fd1d24e496989b1f82baee22f25"><enum>(ii)</enum><text>in subsection (a)—</text><subclause id="id63E6AE478855425B936E919B0DAC7104"><enum>(I)</enum><text>in paragraph (1), by inserting <quote>, and in the case of a State with a supervisory or trainee program, a roster listing individuals who have received a State trainee credential</quote> after <quote>this title</quote>; and</text></subclause><subclause id="id82ef7ba955374a5eb3debcd358f59811"><enum>(II)</enum><text>by striking paragraph (2) and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id12c6023725d946738befe251dc65efd2"><paragraph id="id44fdab1d126f4c128bf84e83239ffec1"><enum>(2)</enum><text>transmit reports on the issuance and renewal of licenses, certifications, credentials, sanctions, and disciplinary actions, including license, credential, and certification revocations, on a timely basis to the national registry of the Appraisal Subcommittee;</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subclause></clause></subparagraph><subparagraph id="idCECD8533D9444882BB87BDAE076EBCA1"><enum>(B)</enum><header>Rule of construction</header><text>Nothing in the amendments made by subparagraph (A) shall require a State to establish or operate a program for State credentialed trainee appraisers, as defined in paragraph (12) of section 1121 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as added by paragraph (4) of this subsection.</text></subparagraph></paragraph><paragraph id="id07E2C0EF74F3483FAAA306CFD4FA9C0D"><enum>(3)</enum><header>Transactions requiring the services of a State certified appraiser</header><text>Section 1113 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (<external-xref legal-doc="usc" parsable-cite="usc/12/3342">12 U.S.C. 3342</external-xref>) is amended—</text><subparagraph id="id167306521C3C497794CD6A375C557766"><enum>(A)</enum><text>by striking <quote>In determining</quote> and inserting <quote>(a) <header-in-text level="subsection" style="OLC">In general</header-in-text>.—In determining</quote>; and</text></subparagraph><subparagraph id="id659959F5B46440F88DF47F161136A2CC"><enum>(B)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id6e00c6e6245e4f6580f3068dac21552c"><subsection id="idc0eff643695947bb95cd09a16142d614"><enum>(b)</enum><header>Use of State credentialed trainee appraisers</header><text>In performing an appraisal under this section, a State certified appraiser may use the assistance of a State credentialed trainee appraiser or an unlicensed trainee appraiser, except that the State certified appraiser assisted by a trainee shall be liable for appraisal and valuation work.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="H239310DE6C0440448F7AA33C16E25F61"><enum>(4)</enum><header>Definition</header><text display-inline="yes-display-inline">Section 1121 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (<external-xref legal-doc="usc" parsable-cite="usc/12/3350">12 U.S.C. 3350</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="H88126BA9CBDE4F598D6AACF6172DA705"><paragraph id="HDD25404759064084916E3BC8438394A3"><enum>(12)</enum><header>State credentialed trainee appraiser</header><text display-inline="yes-display-inline">The term <term>State credentialed trainee appraiser</term> means an individual who—</text><subparagraph id="id1CAACC861A584CC2BC53AF5991D5D8B0"><enum>(A)</enum><text display-inline="yes-display-inline">meets the minimum criteria established by the Appraiser Qualification Board for a trainee appraiser credential; and</text></subparagraph><subparagraph id="idDFC8B1931EB6498BA8FC16AFB236A754"><enum>(B)</enum><text display-inline="yes-display-inline">is credentialed by a State appraiser certifying and licensing agency.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="H87DBA95300924089A49CDA27D5F22408"><enum>(d)</enum><header>Grants for workforce and training</header><text display-inline="yes-display-inline">Section 1109(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (<external-xref legal-doc="usc" parsable-cite="usc/12/3338">12 U.S.C. 3338(b)</external-xref>) is amended—</text><paragraph commented="no" display-inline="no-display-inline" id="ide6fcc100e3c84d1e9d042f7e06ac13b8"><enum>(1)</enum><text>in paragraph (5)(B), by striking <quote>and</quote> at the end;</text></paragraph><paragraph id="id647d6f4cff9048e98cbbf9a30064d98e"><enum>(2)</enum><text>in paragraph (6), by striking the period at the end and inserting <quote>; and</quote>; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7e3dade86599495b83c69f9b176db914"><enum>(3)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idB2874232A96E423190410DB4A2B399A9"><paragraph commented="no" display-inline="no-display-inline" id="id5d42ff1544304bcebc3c35ffcdbc22cf"><enum>(7)</enum><text>to make grants to State appraiser certifying and licensing agencies to support the carrying out of education and training activities or other activities related to addressing appraiser industry workforce needs, including recruiting and retaining workforce talent, such as through scholarship assistance and career pipeline development, and such agencies shall report on the use of funds and outcomes.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id9C92A2CB1534412F9105F38E11050D9A"><enum>(e)</enum><header>Appraisal Subcommittee</header><text display-inline="yes-display-inline">Section 1011 of the Federal Financial Institutions Examination Council Act of 1978 (<external-xref legal-doc="usc" parsable-cite="usc/12/3310">12 U.S.C. 3310</external-xref>) is amended, in the first sentence, by inserting <quote>the Department of Veterans Affairs, the Rural Housing Service of the Department of Agriculture, the Department of Housing and Urban Development,</quote> after <quote>Financial Protection,</quote>. </text></subsection></section><section id="id517580f2b98e4e5c9f60fdca78189404"><enum>404.</enum><header>Helping More Families Save Act</header><text display-inline="no-display-inline">Section 23 of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437u">42 U.S.C. 1437u</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id629d072ac2ab407e90b36bf4803fff80"><subsection id="id0fdd70366ca24fed84ad5082be253b4d"><enum>(p)</enum><header>Escrow expansion pilot program</header><paragraph id="id63a69a5acec44f4d8507014f31842238"><enum>(1)</enum><header>Definitions</header><text>In this subsection:</text><subparagraph id="id82ef089b5bd64147a09a8cf9fe9485a4"><enum>(A)</enum><header>Covered family</header><text>The term <term>covered family</term> means a family that receives assistance under section 8 or 9 of this Act and is enrolled in the pilot program.</text></subparagraph><subparagraph id="id040bcf94e17f469dbd4668c8549caef7"><enum>(B)</enum><header>Eligible entity</header><text>The term <term>eligible entity</term> means an entity described in subsection (c)(2).</text></subparagraph><subparagraph id="id30a28bb4d26141f49082af8b2cddb3c4"><enum>(C)</enum><header>Pilot program</header><text>The term <term>pilot program</term> means the pilot program established under paragraph (2).</text></subparagraph><subparagraph id="id384b5d0c4aec4d1ab74cdc0e3f5b0e09"><enum>(D)</enum><header>Welfare assistance</header><text>The term <term>welfare assistance</term> has the meaning given the term in section 984.103 of title 24, Code of Federal Regulations, or any successor regulation.</text></subparagraph></paragraph><paragraph id="id30f72557d61a4a16adcd7cf6758b5d87"><enum>(2)</enum><header>Establishment</header><text>The Secretary may establish a pilot program under which the Secretary shall select not more than 25 eligible entities to establish and manage escrow accounts for not more than 5,000 covered families, in accordance with this subsection.</text></paragraph><paragraph id="id05d2184a28fb4307ab2f75fd7668d5c4"><enum>(3)</enum><header>Escrow accounts</header><subparagraph id="id378208573f0946d9a8fa5d3244ccbcec"><enum>(A)</enum><header>In general</header><text>An eligible entity selected to participate in the pilot program—</text><clause id="id1cb3815240924339a9a9e32fb6e6c297"><enum>(i)</enum><text>shall establish an interest-bearing escrow account and place into the account an amount equal to any increase in the amount of rent paid by each covered family in accordance with the provisions of section 3, 8(o), or 8(y), as applicable, that is attributable to increases in earned income by the covered families during the participation of each covered family in the pilot program; and</text></clause><clause id="idcea5e7ff584f4823828d0aa92554ec0a"><enum>(ii)</enum><text>notwithstanding any other provision of law, may use funds it controls under section 8 or 9 for purposes of making the escrow deposit for covered families assisted under, or residing in units assisted under, section 8 or 9, respectively, provided such funds are offset by the increase in the amount of rent paid by the covered family.</text></clause></subparagraph><subparagraph id="id7cf4b0cf14b54e0ebb7cd77fa1ff586e"><enum>(B)</enum><header>Income limitation</header><text>An eligible entity may not escrow any amounts for any covered family whose adjusted income exceeds 80 percent of the area median income at the time of enrollment.</text></subparagraph><subparagraph id="id9e27b250afad4399a89a73237536c86c"><enum>(C)</enum><header>Withdrawals</header><text>A covered family may withdraw funds, including interest earned, from an escrow account established by an eligible entity under the pilot program—</text><clause id="idea807d0281bc4d0f8997cf4f7d3495d4"><enum>(i)</enum><text>after the covered family ceases to receive welfare assistance; and</text></clause><clause id="ide3ea0db72e8b4aab822790f97af13a18"><enum>(ii)</enum><subclause commented="no" display-inline="yes-display-inline" id="idbff2bee74f5b4a068528d6627dbcb5cb"><enum>(I)</enum><text>not earlier than the date that is 5 years after the date on which the eligible entity establishes the escrow account under this subsection;</text></subclause><subclause id="id3ab47d21e66d48b197170f17bb5bb956" indent="up1"><enum>(II)</enum><text>not later than the date that is 7 years after the date on which the eligible entity establishes the escrow account under this subsection, if the covered family chooses to continue to participate in the pilot program after the date that is 5 years after the date on which the eligible entity establishes the escrow account;</text></subclause><subclause id="idd1efa02da5cb41cda6ea795668da5da9" indent="up1"><enum>(III)</enum><text>on the date the covered family ceases to receive housing assistance under section 8 or 9, if such date is earlier than 5 years after the date on which the eligible entity establishes the escrow account;</text></subclause><subclause id="idc26e7638ce504e91bb3bdacb9d0db949" indent="up1"><enum>(IV)</enum><text>earlier than 5 years after the date on which the eligible entity establishes the escrow account, if the covered family is using the funds to advance a self-sufficiency goal as approved by the eligible entity;</text></subclause><subclause commented="no" display-inline="no-display-inline" indent="up1" id="id94478c1eac514e70a8d7c6830d8777b8"><enum>(V)</enum><text display-inline="yes-display-inline">for any reason listed under section 984.303(k) of title 24, Code of Federal Regulations; or</text></subclause><subclause id="idda69fe529fce4b8db57f4de3f06bfdb8" indent="up1"><enum>(VI)</enum><text>under other circumstances in which the Secretary determines an exemption for good cause is warranted.</text></subclause></clause></subparagraph><subparagraph id="idbc85e76154e84ceaacd0db65b6d987c1"><enum>(D)</enum><header>Interim recertification</header><text>For purposes of the pilot program, a covered family may recertify the income of the covered family multiple times per year at the request of the participating family, as determined by the Secretary, and not less frequently than once per year, unless the eligible entity has established an alternative rent structure with approval from the Secretary.</text></subparagraph><subparagraph id="id24ec5cd3d5354008aba87db31b7e269e"><enum>(E)</enum><header>Contract or plan</header><text>A covered family is not required to complete a standard contract of participation or an individual training and services plan in order to participate in the pilot program.</text></subparagraph></paragraph><paragraph id="idd5f5e0ff22d74d80971de238217185a2"><enum>(4)</enum><header>Effect of increases in family income</header><text>Any increase in the earned income of a covered family during the enrollment of the family in the pilot program may not be considered as income or a resource for purposes of eligibility of the family for other benefits, or amount of benefits payable to the family, under any program administered by the Secretary.</text></paragraph><paragraph id="id139787b6e19941d6b299f464ecf8b1cb"><enum>(5)</enum><header>Application</header><subparagraph id="id8662560351b44feca0cd6780b35cb66a"><enum>(A)</enum><header>In general</header><text>An eligible entity seeking to participate in the pilot program shall submit to the Secretary an application—</text><clause id="idc78e409ed4ee47309fc00b4f6d0081cf"><enum>(i)</enum><text>at such time, in such manner, and containing such information as the Secretary may require by notice; and</text></clause><clause id="id09300d25ab984e8e868a6b7652c83c2a"><enum>(ii)</enum><text>that includes the number of proposed covered families to be served by the eligible entity under this subsection.</text></clause></subparagraph><subparagraph id="id29a7b54fd3bc4271899a3c3d440f75c9"><enum>(B)</enum><header>Geographic and entity variety</header><text>The Secretary shall ensure that eligible entities selected to participate in the pilot program—</text><clause id="idd443346af6d249239f65042b7f2a1653"><enum>(i)</enum><text>are located across various States and in both urban and rural areas; and</text></clause><clause id="id804abaafc5c2464c9c7f1fedc37442ff"><enum>(ii)</enum><text>vary by size and type, including both public housing agencies and private owners of projects receiving project-based rental assistance under section 8.</text></clause></subparagraph></paragraph><paragraph id="id9edb3d3a36de4eb5a64014470df4552f"><enum>(6)</enum><header>Notification and opt-out</header><text>An eligible entity participating in the pilot program shall—</text><subparagraph id="id2067cd3b35d74d8a8c842ae6010022f3"><enum>(A)</enum><text>notify covered families of their enrollment in the pilot program;</text></subparagraph><subparagraph id="id21691f0b27fa458194b638a65fbea5b6"><enum>(B)</enum><text>provide covered families with a detailed description of the pilot program, including how the pilot program will impact their rent and finances;</text></subparagraph><subparagraph id="id02cd1e01e4b94a1aad902595334503f7"><enum>(C)</enum><text>inform covered families that the families cannot simultaneously participate in the pilot program and the Family Self-Sufficiency program under this section; and</text></subparagraph><subparagraph id="id530abf62e3124b44862deebc02187c4e"><enum>(D)</enum><text>provide covered families with the ability to elect not to participate in the pilot program—</text><clause id="id82cf6e6fcb95480ea0da113111bae463"><enum>(i)</enum><text>not less than 2 weeks before the date on which the escrow account is established under paragraph (3); and</text></clause><clause id="id43e4593c77ee4c35b96037d60b966c28"><enum>(ii)</enum><text>at any point during the duration of the pilot program.</text></clause></subparagraph></paragraph><paragraph id="id4c0279a4bd144477a79271ad1ce6a734"><enum>(7)</enum><header>Maximum rents</header><text>During the term of participation by a covered family in the pilot program, the amount of rent paid by the covered family shall be calculated under the rental provisions of section 3 or 8(o), as applicable.</text></paragraph><paragraph id="id1c9448a338c64d87bf48f3a7cebf5fe6"><enum>(8)</enum><header>Pilot program timeline</header><subparagraph id="id2a4c2e82e34e4fc79e337450a4d771fe"><enum>(A)</enum><header>Awards</header><text>Not later than 1 year after establishing the pilot program, the Secretary shall select the eligible entities to participate in the pilot program.</text></subparagraph><subparagraph id="id5a8999b8cafa4904a609e18267081aad"><enum>(B)</enum><header>Establishment and term of accounts</header><text>An eligible entity selected to participate in the pilot program shall—</text><clause id="idae143b17ce8b42c7bd752cf0a932fcbe"><enum>(i)</enum><text>not later than 6 months after selection, establish escrow accounts under paragraph (3) for covered families; and</text></clause><clause id="id96caa2f367b8445daea8126747dc0c01"><enum>(ii)</enum><text>maintain those escrow accounts for not less than 5 years, or until a determination is made for termination with FSS escrow disbursement under section 984.303(k) of title 24, Code of Federal Regulations, or until the date the family ceases to receive assistance under section 8 or 9, and, at the discretion of the covered family, not more than 7 years after the date on which the escrow account is established.</text></clause></subparagraph></paragraph><paragraph id="idbfcbe502905344aeae301baa4508232b"><enum>(9)</enum><header>Nonparticipation and housing assistance</header><subparagraph id="ide73df61a74ad4263b7446078c9e2048e"><enum>(A)</enum><header>In general</header><text>Assistance under section 8 or 9 for a family that elects not to participate in the pilot program shall not be delayed or denied by reason of such election.</text></subparagraph><subparagraph id="idcc77b6ed4a894b3c94f3341146467fb4"><enum>(B)</enum><header>No termination</header><text>Housing assistance may not be terminated as a consequence of participating, or not participating, in the pilot program under this subsection for any period.</text></subparagraph></paragraph><paragraph id="idfc5f1641b18140eb8f3a1a39460f0f41"><enum>(10)</enum><header>Study</header><text>Not later than 10 years after the date the Secretary selects eligible entities to participate in the pilot program under this subsection, the Secretary shall, if awards were made, conduct a study and submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on outcomes for covered families under the pilot program, which shall evaluate the effectiveness of the pilot program in assisting families to achieve economic independence and self-sufficiency, and the impact coaching and supportive services, or the lack thereof, had on individual incomes.</text></paragraph><paragraph id="id666f50ea0b7d4b11b2d19064d091db08"><enum>(11)</enum><header>Waivers</header><text>To allow selected eligible entities to effectively administer the pilot program and make the required escrow account deposits under this subsection, the Secretary may waive requirements under this section.</text></paragraph><paragraph id="id8c2ea2d1efcf4257b01ba7d99113d040"><enum>(12)</enum><header>Termination</header><text>The pilot program under this subsection shall terminate on the date that is 10 years after the date of enactment of this subsection.</text></paragraph><paragraph commented="no" id="ida95a1da7c49e4b58a84b801776c07eb3"><enum>(13)</enum><header>Eligible uses of appropriations</header><text>Subject to the appropriation of funds, the Secretary may use funds—</text><subparagraph commented="no" id="id6c5611d815fb412bb32bb7cd82147a7f"><enum>(A)</enum><text>for technical assistance related to implementation of the pilot program; and</text></subparagraph><subparagraph commented="no" id="ida0e7f6c81def4401b098671938246822"><enum>(B)</enum><text>to carry out an evaluation of the pilot program under paragraph (10).</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></section><section id="ida2a48307a78c41ec83b1cbde71f3335b"><enum>405.</enum><header>Choice in Affordable Housing Act</header><subsection id="id5b93bff2b0a6440bbd8bee62e5e426e3"><enum>(a)</enum><header>Satisfaction of inspection requirements through participation in other housing programs</header><text>Section 8(o)(8) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f(o)(8)</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id26ff659ff51a45dd8cbc6e39586cb610"><subparagraph id="ida76590debddf4103b00ce10bb3ce96a4"><enum>(I)</enum><header>Satisfaction of inspection requirements through participation in other housing programs</header><clause id="idfbf19a3c5a864459bfcea727c711d27c"><enum>(i)</enum><header>Low-income housing tax credit-financed buildings</header><text>A dwelling unit shall be deemed to meet the inspection requirements under this paragraph if—</text><subclause id="iddfe15d19ee8b49aba2ac5e0fa81a43fc"><enum>(I)</enum><text>the dwelling unit is in a building, the acquisition, rehabilitation, or construction of which was done by a building owner who may be eligible for low-income housing credits because the building had been allocated a housing credit dollar amount under <external-xref legal-doc="usc" parsable-cite="usc/26/42">section 42(h)</external-xref> of the Internal Revenue Code of 1986 or is described in section 42(h)(4) of such Code (concerning buildings that meet a criterion for a certain amount of tax-exempt financing);</text></subclause><subclause id="iddcd93dacb8ca4b8d83db2abfa0a0b0b7"><enum>(II)</enum><text>the dwelling unit, during the preceding 12-month period, was physically inspected and satisfied the suitability-for-occupancy requirement in section 42(i)(3)(B)(ii) of such Code; and</text></subclause><subclause id="ida93ef25a40bf4a6da88e07a020a77df9"><enum>(III)</enum><text>the applicable public housing agency performed the inspection itself or is able to obtain the results of the inspection described in subclause (II).</text></subclause></clause><clause id="ida54e809c8de64e1d8bfceba117a7fa92"><enum>(ii)</enum><header>Home Investment Partnerships Program</header><text>A dwelling shall be deemed to meet the inspection requirements under this paragraph if—</text><subclause id="id70e7304dee6b4c3e8d5d8f2034b54d9a"><enum>(I)</enum><text>the dwelling unit is assisted under the HOME Investment Partnerships Program under title II of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12721">42 U.S.C. 12721 et seq.</external-xref>);</text></subclause><subclause id="id96059361ec2a463581df9f2c8dab406f"><enum>(II)</enum><text>the dwelling unit was physically inspected and passed inspection as part of the program described in subclause (I) during the preceding 12-month period; and</text></subclause><subclause id="id59a732421f604e95a6a79e47bfbee404"><enum>(III)</enum><text>the applicable public housing agency is able to obtain the results of the inspection described in subclause (II).</text></subclause></clause><clause id="idcf8ca698bab54d55bef9d4707e2f5f85"><enum>(iii)</enum><header>Rural Housing Service</header><text>A dwelling unit shall be deemed to meet the inspection requirements under this paragraph if—</text><subclause id="idc4fdbd3a5f3949b1ad9c34bdfe14e586"><enum>(I)</enum><text>the dwelling unit is assisted by the Rural Housing Service of the Department of Agriculture;</text></subclause><subclause id="id1dd6da3240824052bed2510c55cc69e3"><enum>(II)</enum><text>the dwelling unit was physically inspected and passed inspection in connection with the assistance described in subclause (I) during the preceding 12-month period; and</text></subclause><subclause id="id523931e2ac684f00814f82552e9f6334"><enum>(III)</enum><text>the applicable public housing agency is able to obtain the results of the inspection described in subclause (II).</text></subclause></clause><clause id="idc9e321d86aa04be89462380e2b9d3e40"><enum>(iv)</enum><header>Remote or video inspections</header><text>When complying with inspection requirements for a housing unit located in a rural or small area using assistance under this section, the Secretary may allow a grantee to conduct a remote or video inspection of a unit.</text></clause><clause id="idd828d039f2a148b68ff38746cdea790f"><enum>(v)</enum><header>Rule of construction</header><text>Nothing in clause (i), (ii), (iii), or (iv) shall be construed to affect the operation of a housing program described in, or authorized under a provision of law described in, that clause.</text></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection commented="no" display-inline="no-display-inline" id="idf8355748e07d43d099d3eb25f3771407"><enum>(b)</enum><header>Pre-approval of units</header><text>Section 8(o)(8)(A) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f(o)(8)(A)</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idfc37256ad46740f4a38ee484be647b8b"><clause id="id4e27d7dc61eb47d8b94242cebda0945a"><enum>(iv)</enum><header>Initial inspection prior to lease agreement</header><subclause id="idda74c51ea43049cba6999c22ab313b24"><enum>(I)</enum><header>Definition</header><text>In this clause, the term <term>new landlord</term> means an owner of a dwelling unit who has not previously entered into a housing assistance payment contract with a public housing agency under this subsection for any dwelling unit.</text></subclause><subclause id="id8558857bcf964d73b8d05939287b8fba"><enum>(II)</enum><header>Early inspection</header><text>Upon the request of a new landlord, a public housing agency may inspect the dwelling unit owned by the new landlord to determine whether the unit meets the housing quality standards under subparagraph (B) before the unit is selected by a tenant assisted under this subsection.</text></subclause><subclause id="idc1a3609eef5b43d2991e28e738557121"><enum>(III)</enum><header>Effect</header><text>An inspection conducted under subclause (II) that determines that the dwelling unit meets the housing quality standards under subparagraph (B) shall satisfy this subparagraph and subparagraph (C) if the new landlord enters into a lease agreement with a tenant assisted under this subsection not later than 60 days after the date of the inspection.</text></subclause><subclause commented="no" display-inline="no-display-inline" id="idf8baaa0a4f324fe0ad1c4ad476942509"><enum>(IV)</enum><header>Information when family is selected</header><text>When a public housing agency selects a family to participate in the tenant-based assistance program under this subsection, the public housing agency shall include in the information provided to the family a list of dwelling units that have been inspected under subclause (II) and determined to meet the housing quality standards under subparagraph (B).</text></subclause></clause><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section><enum>V</enum><header>Program Reform</header><section commented="no" display-inline="no-display-inline" id="idf2122f2229834562a643a642c927b88f"><enum>501.</enum><header>Reforming Disaster Recovery Act</header><subsection commented="no" display-inline="no-display-inline" id="id083f7d813a3e447485db96839fdb3623"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section:</text><paragraph id="id212e789224384936af62b73531289120"><enum>(1)</enum><header>Department</header><text>The term <term>Department</term> means the Department of Housing and Urban Development.</text></paragraph><paragraph id="id57d9ae5b6acd4894a5bdf7303d44aa23"><enum>(2)</enum><header>Fund</header><text>The term <term>Fund</term> means the Long-Term Disaster Recovery Fund established under subsection (c).</text></paragraph><paragraph id="id4f22f15752a145419c326e569be2d54f"><enum>(3)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph></subsection><subsection id="id5aeadc0da2c54cd49ef3c74c9f48c962"><enum>(b)</enum><header>Duties of the Department of Housing and Urban Development</header><paragraph commented="no" display-inline="no-display-inline" id="iddb8a60b7279048679129c1361c9cbb20"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The offices and officers of the Department shall be responsible for—</text><subparagraph id="idbb23e197e6e746cf9c40cad1bdb8805b"><enum>(A)</enum><text>leading and coordinating the disaster-related responsibilities of the Department under the National Response Framework, the National Disaster Recovery Framework, and the National Mitigation Framework;</text></subparagraph><subparagraph id="idecb2ba2fa71d4ac796898946957f64e7"><enum>(B)</enum><text>coordinating and administering programs, policies, and activities of the Department related to disaster relief, long-term recovery, resiliency, and mitigation, including disaster recovery assistance under title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5301">42 U.S.C. 5301 et seq.</external-xref>);</text></subparagraph><subparagraph id="ida5f69ff3e4b4409895ae030ba9c63fc3"><enum>(C)</enum><text>supporting disaster-impacted communities as those communities specifically assess, plan for, and address the housing stock and housing needs in the transition from emergency shelters and interim housing to permanent housing of those displaced, especially among vulnerable populations and extremely low-, low-, and moderate-income households;</text></subparagraph><subparagraph id="idfbf8fd2a70b743938a8570e2a6c399fc"><enum>(D)</enum><text>collaborating with the Federal Emergency Management Agency and the Small Business Administration and across the Department to align disaster-related regulations and policies, including incorporation of consensus-based codes and standards and insurance purchase requirements, and ensuring coordination and reducing duplication among other Federal disaster recovery programs;</text></subparagraph><subparagraph id="id253db861fa7244c6b01dd4ce0d1b5cce"><enum>(E)</enum><text>promoting best practices in mitigation and resilient land use planning;</text></subparagraph><subparagraph id="id15c307f4d0984babb219e7fb2099ea98"><enum>(F)</enum><text>coordinating technical assistance, including mitigation, resiliency, and recovery training and information on all relevant legal and regulatory requirements, to entities that receive disaster recovery assistance under title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5301">42 U.S.C. 5301 et seq.</external-xref>) that demonstrate capacity constraints; and</text></subparagraph><subparagraph id="id68d49d232e24499481b1383b9883b559"><enum>(G)</enum><text>supporting State, Tribal, and local governments in developing, coordinating, and maintaining their capacity for disaster resilience and recovery and developing pre-disaster recovery and hazard mitigation plans, in coordination with the Federal Emergency Management Agency and other Federal agencies.</text></subparagraph></paragraph><paragraph id="id59e5d2a103b6487aa44e8ae4b1aed99c"><enum>(2)</enum><header>Establishment of the Office of Disaster Management and Resiliency</header><text>Section 4 of the Department of Housing and Urban Development Act (<external-xref legal-doc="usc" parsable-cite="usc/42/3533">42 U.S.C. 3533</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id281f7e528418425e84724ab0a1a157bf"><subsection id="id8c16b370ec564f83ac92da6976f75048"><enum>(i)</enum><header>Office of Disaster Management and Resiliency</header><paragraph id="id523a29a7a9e042fc98835980ac27a969"><enum>(1)</enum><header>Establishment</header><text>There is established the Office of Disaster Management and Resiliency.</text></paragraph><paragraph id="ide2e26e6ff757427fbb1cf0bdb8b81d56"><enum>(2)</enum><header>Duties</header><text>The Office of Disaster Management and Resiliency shall—</text><subparagraph id="id7b6aeb75a07f45cb81a272ceedaf5b99"><enum>(A)</enum><text>be responsible for oversight and coordination of all departmental disaster preparedness and response responsibilities; and</text></subparagraph><subparagraph id="id82b9e8b3f90b467db50fe1f1b4376ed1"><enum>(B)</enum><text>coordinate with the Federal Emergency Management Agency, the Small Business Administration, and other offices of the Department in supporting recovery and resilience activities to provide a comprehensive approach in working with communities.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id12ce7b0405804ce8aa4886cce1afcba2"><enum>(c)</enum><header>Long-Term Disaster Recovery Fund</header><paragraph id="id2ff1049f396844eb91aa595c4401570c"><enum>(1)</enum><header>Establishment</header><text>There is established in the Treasury of the United States an account to be known as the Long-Term Disaster Recovery Fund.</text></paragraph><paragraph id="idb9149c5fc23342b980165ff4a15bdbe2"><enum>(2)</enum><header>Deposits, transfers, and credit</header><subparagraph id="idac1fb018844f41899e97864c0c159b87"><enum>(A)</enum><header>In general</header><text>The Fund shall consist of amounts appropriated, transferred, and credited to the Fund.</text></subparagraph><subparagraph id="ideed839ab102d40df93e6d14ee2e980c5"><enum>(B)</enum><header>Transfers</header><text>The following may be transferred to the Fund:</text><clause id="id285f2fe27d4b494482ca85386cc0d408"><enum>(i)</enum><text>Amounts made available through section 106(c)(4) of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5306">42 U.S.C. 5306(c)(4)</external-xref>) as a result of actions taken under section 104(e), 111, or 124(j) of such Act.</text></clause><clause id="id8251741ebc5d4055a4fe543c33ac3dd9"><enum>(ii)</enum><text>Any unobligated balances available until expended remaining or subsequently recaptured from amounts appropriated for any disaster and related purposes under the heading <quote>Community Development Fund</quote> in any Act prior to the establishment of the Fund.</text></clause></subparagraph><subparagraph id="id4ab9e086c925434d85bfd7999cd8b1e4"><enum>(C)</enum><header>Use of transferred amounts</header><text>Amounts transferred to the Fund shall be used for the eligible uses described in paragraph (3).</text></subparagraph></paragraph><paragraph id="id5073ca0429d345ce91f57ba259578488"><enum>(3)</enum><header>Eligible uses of fund</header><subparagraph id="ideffbcbed11e147249573b81e0374865d"><enum>(A)</enum><header>In general</header><text>Amounts in the Fund shall be available—</text><clause id="idba4ecb43538b4a5aae0db03a2927f306"><enum>(i)</enum><text>to provide assistance in the form of grants under section 124 of the Housing and Community Development Act of 1974, as added by subsection (d); and</text></clause><clause id="id8151e42ee67d47239eaea159822c534c"><enum>(ii)</enum><text>for activities of the Department that support the provision of such assistance, including necessary salaries and expenses, information technology, and capacity building, technical assistance, and pre-disaster readiness.</text></clause></subparagraph><subparagraph id="idbdf47c8c977f4e9cb1b29de13d253410"><enum>(B)</enum><header>Set-aside</header><text>Of each amount appropriated for or transferred to the Fund, 3 percent shall be made available for activities described in subparagraph (A)(ii), which shall be in addition to other amounts made available for those activities.</text></subparagraph><subparagraph id="id73c7ae4d111e4e9aba57f0ae2f81f972"><enum>(C)</enum><header>Transfer of funds</header><text>With respect to amounts made available for use in accordance with subparagraph (B)—</text><clause id="idcbd2c4991e0543f7a13e10096435c152"><enum>(i)</enum><text>amounts may be transferred to the account under the heading for <quote>Program Offices—Salaries and Expenses—Community Planning and Development</quote>, or any successor account, for the Department to carry out activities described in subparagraph(B); and</text></clause><clause id="id07d43234d7204202ab8983bad1c27659"><enum>(ii)</enum><text>amounts may be used for the activities described in subparagraph (A)(ii) and for the administrative costs of administering any funds appropriated to the Department under the heading <quote>Community Planning and Development—Community Development Fund</quote> for any major disaster declared under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5170">42 U.S.C. 5170</external-xref>) in any Act before the establishment of the Fund.</text></clause></subparagraph><subparagraph id="id16e20bdc6ee0469d8440945a37021f86"><enum>(D)</enum><header>Inspector General</header><clause commented="no" display-inline="no-display-inline" id="id11c68f78ceec4c3499db65fbfd0cdc35"><enum>(i)</enum><header display-inline="yes-display-inline">In general</header><text>Not less than one-tenth of 1 percent of each series of awards the Secretary makes from the Fund shall be transferred to the account under the heading <quote>Office of Inspector General</quote> for the Department of Housing and Urban Development to support audit activities and to investigate grantee noncompliance with program requirements and waste, fraud, and abuse as a result of appropriations made available through the Fund.</text></clause><clause commented="no" display-inline="no-display-inline" id="id941ae6c0f30d4fcea96e8552bd6278dc"><enum>(ii)</enum><header>Availability</header><text display-inline="yes-display-inline">Funding under clause (i) shall not be made available to the Office of Inspector General until 90 days after the date on which the grantee plan or supplemental plan for the grantee is approved by the Secretary under subsection (c) or (f)(3)(C) of section 124 of the Housing and Community Development Act of 1974, as added by subsection (d), is approved by the Secretary.</text></clause></subparagraph></paragraph><paragraph id="id529f2556a73440018c6f720f7cfeec2f"><enum>(4)</enum><header>Interchangeability of prior administrative amounts</header><text>Any amounts appropriated in any Act prior to the establishment of the Fund and transferred to the account under the heading <quote>Program Offices—Salaries and Expenses—Community Planning and Development</quote>, or any predecessor account, for the Department for the costs of administering funds appropriated to the Department under the heading <quote>Community Planning and Development—Community Development Fund</quote> for any major disaster declared under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5170">42 U.S.C. 5170</external-xref>) shall be available for the costs of administering any such funds provided by any prior or future Act, notwithstanding the purposes for which those amounts were appropriated and in addition to any amount provided for the same purposes in other appropriations Acts.</text></paragraph><paragraph id="idbcd9599ddd93456f9549aec54ca16267"><enum>(5)</enum><header>Availability of amounts</header><text>Amounts appropriated, transferred, and credited to the Fund shall remain available until expended.</text></paragraph><paragraph id="idc6496c6001ce4146b4437386f144f681"><enum>(6)</enum><header>Formula allocation</header><text>Use of amounts in the Fund for grants shall be made by formula allocation in accordance with the requirements of section 124(a) of the Housing and Community Development Act of 1974, as added by subsection (d).</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id6616ec736fd348e19bdf458b740848f5"><enum>(d)</enum><header>Establishment of CDBG Disaster Recovery Program</header><text display-inline="yes-display-inline">Title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5301">42 U.S.C. 5301 et seq.</external-xref>), as amended by this Act, is amended—</text><paragraph id="idc2c7350efad34482ac1e8928b57e4e39"><enum>(1)</enum><text>in section 102(a) (<external-xref legal-doc="usc" parsable-cite="usc/42/5302">42 U.S.C. 5302(a)</external-xref>)—</text><subparagraph id="idf4e996ba7efb4ed1bc09480b5d2ce08e"><enum>(A)</enum><text>in paragraph (20)—</text><clause id="id9ac88d1105df41f4b567658e80cd5d08"><enum>(i)</enum><text>by redesignating subparagraph (B) as subparagraph (C);</text></clause><clause id="id5a038488d4c848e28a7d409dd17ae8f3"><enum>(ii)</enum><text>in subparagraph (C), as so redesignated, by inserting <quote>or (B)</quote> after <quote>subparagraph (A)</quote>; and</text></clause><clause id="id3957dc08639e48bba7d9097fdefa3f3e"><enum>(iii)</enum><text>by inserting after subparagraph (A) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idc7817b265b3e44a2bcec43c2d111964a"><subparagraph id="id91a2b8b628e94d25af15500c3903a781" indent="up1"><enum>(B)</enum><text>The term <term>persons of extremely low income</term> means families and individuals whose income levels do not exceed household income levels determined by the Secretary under section 3(b)(2) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437a">42 U.S.C. 1437a(b)(2)(C)</external-xref>), except that the Secretary may provide alternative definitions for the Commonwealth of Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, the United States Virgin Islands, and American Samoa.</text></subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block></clause></subparagraph><subparagraph id="id30416c3c07b34fc2afe6240b543c4948"><enum>(B)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id9c4a58c2404d4026be2b60ecf3db40a8"><paragraph id="id21b1b68de10c46e8a74bc09222596d97"><enum>(25)</enum><text>The term <term>major disaster</term> has the meaning given the term in section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5122">42 U.S.C. 5122</external-xref>).</text></paragraph><after-quoted-block>;</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="id3ec9aff94eb6457d9d5d51210de49469"><enum>(2)</enum><text>in section 106(c)(4) (<external-xref legal-doc="usc" parsable-cite="usc/42/5306">42 U.S.C. 5306(c)(4)</external-xref>)—</text><subparagraph id="id76be75f574f9476bac05736c97f17d39"><enum>(A)</enum><text>in subparagraph (A)—</text><clause id="id8943f15f8f014256b0f82682ed6d5800"><enum>(i)</enum><text>by striking <quote>declared by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act</quote>;</text></clause><clause id="iddddaa86eff1247d684225617f6b29e27"><enum>(ii)</enum><text>by inserting <quote>States for use in nonentitlement areas and to</quote> before <quote>metropolitan cities</quote>; and</text></clause><clause id="idb9cdb07d0b0c4ed684ee9018c0b23324"><enum>(iii)</enum><text>by inserting <quote>major</quote> after <quote>affected by the</quote>;</text></clause></subparagraph><subparagraph id="id990bd3d7a83947b4b9c4991f567d50be"><enum>(B)</enum><text>in subparagraph (C)—</text><clause id="id67cf0e72129d4dcebb7031b0ce1cdcc4"><enum>(i)</enum><text>by striking <quote>metropolitan city or</quote> and inserting <quote>State, metropolitan city, or</quote>;</text></clause><clause id="idff3ed5e928dd4693827dbbf069c92583"><enum>(ii)</enum><text>by striking <quote>city or county</quote> and inserting <quote>State, city, or county</quote>; and</text></clause><clause id="id2c60529d3e974cbd92eb7b827678f294"><enum>(iii)</enum><text>by inserting <quote>major</quote> before <quote>disaster</quote>;</text></clause></subparagraph><subparagraph id="id4edb0da12ccf407895679b9d0094b750"><enum>(C)</enum><text>in subparagraph (D), by striking <quote>metropolitan cities and</quote> and inserting <quote>States, metropolitan cities, and</quote>;</text></subparagraph><subparagraph id="id69ecc96a1d35436bb3871a76c9003c5b"><enum>(D)</enum><text>in subparagraph (F)—</text><clause id="id963047419af447509be554e76331bc35"><enum>(i)</enum><text>by striking <quote>metropolitan city or</quote> and inserting <quote>State, metropolitan city, or</quote>; and</text></clause><clause id="idd42c47abfa9c4eb9a7f648c9003ad280"><enum>(ii)</enum><text>by inserting <quote>major</quote> before <quote>disaster</quote>; and</text></clause></subparagraph><subparagraph id="idde38bea97a684c5eb2b574f6f589cd5f"><enum>(E)</enum><text>in subparagraph (G), by striking <quote>metropolitan city or</quote> and inserting <quote>State, metropolitan city, or</quote>; </text></subparagraph></paragraph><paragraph id="idab85a9d0a72046578e25f83b6920f2aa"><enum>(3)</enum><text>in section 122 (<external-xref legal-doc="usc" parsable-cite="usc/42/5321">42 U.S.C. 5321</external-xref>), by striking <quote>disaster under title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act</quote> and inserting <quote>major disaster</quote>; and</text></paragraph><paragraph id="ida00a63e8a0d54ea48abeb2d9b2bdac74"><enum>(4)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="ide7fb1e592282469dbc770d9f01957b2b"><section id="idfed4219d2f7a433e9e2f370089b65394"><enum>124.</enum><header>Community development block grant disaster recovery program</header><subsection id="idcffb3a437e974b3fb81d8770c416babc"><enum>(a)</enum><header>Authorization, formula, and allocation</header><paragraph id="id83b12ec7ddf14e49b0e377f1679b490d"><enum>(1)</enum><header>Authorization</header><text>The Secretary is authorized to make community development block grant disaster recovery grants from the Long-Term Disaster Recovery Fund established under section 501(c) of the <short-title>21st Century ROAD to Housing Act</short-title> (hereinafter referred to as the <quote>Fund</quote>) for necessary expenses for activities authorized under subsection (f)(1) related to disaster relief, long-term recovery, restoration of housing and infrastructure, economic revitalization, and mitigation in the most impacted and distressed areas resulting from a catastrophic major disaster.</text></paragraph><paragraph id="idead3b1d2fcde42709631e25104886660"><enum>(2)</enum><header>Grant awards</header><text>Grants shall be awarded under this section to States, units of general local government, and Indian tribes based on capacity and the concentration of damage, as determined by the Secretary, to support the efficient and effective administration of funds.</text></paragraph><paragraph id="id076121125101415a973e6244b001a10c"><enum>(3)</enum><header>Section 106 allocations</header><text>Grants under this section shall not be considered relevant to the formula allocations made pursuant to section 106.</text></paragraph><paragraph id="id0532179e44fd4a11a2ea156342eb2fc9"><enum>(4)</enum><header>Federal Register notice</header><subparagraph id="id57cfd4dfbd494d3aa240e1851b81e543"><enum>(A)</enum><header>In general</header><text>Not later than 30 days after the date of enactment of this section, the Secretary shall issue a notice in the Federal Register containing the latest formula allocation methodologies used to determine the total estimate of unmet needs related to housing, economic revitalization, and infrastructure in the most impacted and distressed areas resulting from a catastrophic major disaster.</text></subparagraph><subparagraph id="id70c60c14a9964ec19a72acb47b3b30ba"><enum>(B)</enum><header>Public comment</header><text>If the Secretary has not already requested public comment on the formula described in the notice required by subparagraph (A), the Secretary shall solicit public comments on—</text><clause id="id77e1817ea8e64efb94ee753311be1158"><enum>(i)</enum><text>the methodologies described in subparagraph (A) and seek alternative methods for formula allocation within a similar total amount of funding;</text></clause><clause id="id426a9081508d44948a0d52f860a59df7"><enum>(ii)</enum><text>the impact of formula methodologies on rural areas and Tribal areas;</text></clause><clause id="id0dd7fbdc8f504d4d94912e71883928bc"><enum>(iii)</enum><text>adjustments to improve targeting to the most serious needs;</text></clause><clause id="id72de9190e67c4ee2afc7f213f899217a"><enum>(iv)</enum><text>objective criteria for grantee capacity and concentration of damage to inform grantee determinations and minimum allocation thresholds; and</text></clause><clause id="idfbd5957507784d87b6f10a74e4f0d63e"><enum>(v)</enum><text>research and data to inform an additional amount to be provided for mitigation depending on type of disaster, which shall be up to 18 percent of the total estimate of unmet needs.</text></clause></subparagraph></paragraph><paragraph id="id74829b67819746ccabea652b499d7fb7"><enum>(5)</enum><header>Regulations</header><subparagraph id="id3bbd4b0cbb234c03b048d996f9f4982e"><enum>(A)</enum><header>In general</header><text>The Secretary shall, by regulation, establish a formula to allocate assistance from the Fund to the most impacted and distressed areas resulting from a catastrophic major disaster.</text></subparagraph><subparagraph id="id8ea5bbfe451443bab671722d85948eb4"><enum>(B)</enum><header>Formula requirements</header><text>The formula established under subparagraph (A) shall—</text><clause id="idec6369a97f4941d581fd555c9adb3030"><enum>(i)</enum><text>set forth criteria to determine that a major disaster is catastrophic, which criteria shall consider the presence of a high concentration of damaged housing or businesses that individual, State, Tribal, and local resources could not reasonably be expected to address without additional Federal assistance or other nationally encompassing data that the Secretary determines are adequate to assess relative impact and distress across geographic areas;</text></clause><clause id="ida5a9791faa004bd18657983f0ef77a38"><enum>(ii)</enum><text>include a methodology for identifying most impacted and distressed areas, which shall consider unmet serious needs related to housing, economic revitalization, and infrastructure;</text></clause><clause id="idd396a4cdd3e143cd8070856ddfc8999e"><enum>(iii)</enum><text>include an allocation calculation that considers the unmet serious needs resulting from the catastrophic major disaster and an additional amount up to 18 percent for activities to reduce risks of loss resulting from other natural disasters in the most impacted and distressed area, primarily for the benefit of low- and moderate-income persons, with particular focus on activities that reduce repetitive loss of property and critical infrastructure; and</text></clause><clause id="id0a568a3dd0ea4038b1b34db0314f213b"><enum>(iv)</enum><text>establish objective criteria for periodic review and updates to the formula to reflect changes in available data.</text></clause></subparagraph><subparagraph id="id2f6d294033264c098fd5f094e61c640a"><enum>(C)</enum><header>Minimum allocation threshold</header><text>The Secretary shall, by regulation, establish a minimum allocation threshold.</text></subparagraph><subparagraph id="id1a7234ef39454f4185c9e94355ca26a8"><enum>(D)</enum><header>Interim allocation</header><text>Until such time that the Secretary issues final regulations under this paragraph, the Secretary shall—</text><clause id="id10d973d74fcc4642b32906e041ebf58f"><enum>(i)</enum><text>allocate assistance from the Fund using the formula allocation methodology published in accordance with paragraph (4); and</text></clause><clause id="id0b98151ca54744abb8ae2d8c698fc8d2"><enum>(ii)</enum><text>include an additional amount for mitigation of up to 18 percent of the total estimate of unmet need.</text></clause></subparagraph></paragraph><paragraph id="iddaaacf2654a5488b9bd0b8f8c86bd2a7"><enum>(6)</enum><header>Allocation of funds</header><subparagraph id="id0095754a7163472b94c581edc1baea1f"><enum>(A)</enum><header>In general</header><text>The Secretary shall—</text><clause id="id4715b4dac5a44c879c29da60d549d85e"><enum>(i)</enum><text>except as provided in clause (ii), not later than 90 days after the President declares a major disaster, use best available data to determine whether the major disaster is catastrophic and qualifies for assistance under the formula described in paragraph (4) or (5), unless data is insufficient to make this determination; and</text></clause><clause id="id9dda24b5d9614f63954d39c06ad4f110"><enum>(ii)</enum><text>if the best available data is insufficient to make the determination required under clause (i) within the 90-day period described in that clause, determine whether the major disaster qualifies when sufficient data becomes available, but in no case shall the Secretary make the determination later than 120 days after the declaration of the major disaster.</text></clause></subparagraph><subparagraph id="id54c87137117a4c33ae8342a5c2b813fc"><enum>(B)</enum><header>Announcement of allocation</header><text>If amounts are available in the Fund at the time the Secretary determines that the major disaster is catastrophic and qualifies for assistance under the formula described in paragraph (4) or (5), the Secretary shall immediately announce an allocation for a grant under this section.</text></subparagraph><subparagraph id="id3b8e6da1357c4730b30f825a7c153d99"><enum>(C)</enum><header>Additional amounts</header><text>If additional amounts are appropriated to the Fund after amounts are allocated under subparagraph (B), the Secretary shall announce an allocation or additional allocation (if a prior allocation under subparagraph (B) was less than the formula calculation) within 15 days of any such appropriation.</text></subparagraph></paragraph><paragraph id="idf964871784414241a6f5aaf28cc2bcf0"><enum>(7)</enum><header>Preliminary funding</header><subparagraph id="id66c58eb1a59b42559beeb32647238b06"><enum>(A)</enum><header>In general</header><text>To speed recovery, the Secretary is authorized to allocate and award preliminary grants from the Fund before making a determination under paragraph (6)(A) if the Secretary projects, based on a preliminary assessment of impact and distress, that a major disaster is catastrophic and would likely qualify for funding under the formula described in paragraph (4) or (5).</text></subparagraph><subparagraph id="idb3e38b90107842fc8bb8e9379b4c523d"><enum>(B)</enum><header>Amount</header><clause id="id343e4630b9134aba94243136d21bd951"><enum>(i)</enum><header>Maximum</header><text>The Secretary may award preliminary funding under subparagraph (A) in an amount that is not more than $5,000,000.</text></clause><clause id="ida3118dbfb5594f7f85446834745beb62"><enum>(ii)</enum><header>Sliding scale</header><text>The Secretary shall, by regulation, establish a sliding scale for preliminary funding awarded under subparagraph (A) based on the size of the preliminary assessment of impact and distress.</text></clause></subparagraph><subparagraph id="id9c43f426e6564dd39d2f88a819e18404"><enum>(C)</enum><header>Use of funds</header><text>The uses of preliminary funding awarded under subparagraph (A) shall be limited to eligible activities that—</text><clause id="ide96d608ab940427db29af4c0e712299e"><enum>(i)</enum><text>in the determination of the Secretary, will support faster recovery, improve the ability of the grantee to assess unmet recovery needs, plan for the prevention of improper payments, and reduce fraud, waste, and abuse; and</text></clause><clause id="id0cd7786b6e284cb1a9f6fbd829b9efb0"><enum>(ii)</enum><text>may include evaluating the interim housing, permanent housing, and supportive service needs of the disaster impacted community, with special attention to vulnerable populations, such as homeless and low- to moderate-income households, to inform the grantee action plan required under subsection (c).</text></clause></subparagraph><subparagraph id="ida119a8ec743c430db52361e60b65e687"><enum>(D)</enum><header>Consideration of funding</header><text>Preliminary funding awarded under subparagraph (A)—</text><clause id="id071f0b16d82b4f4d83204026d1ccf45c"><enum>(i)</enum><text>is not subject to the certification requirements of subsection (h)(2); and</text></clause><clause id="idc647c0f3cb424bd48e46cf559a374e3c"><enum>(ii)</enum><text>shall not be considered when calculating the amount of the grant used for administrative costs, technical assistance, and planning activities that are subject to the requirements under subsection (f)(3).</text></clause></subparagraph><subparagraph id="idf8fd411d886543c0a377e7c4532e7478"><enum>(E)</enum><header>Waiver</header><text>To expedite the use of preliminary funding for activities described in this paragraph, the Secretary may waive or specify alternative requirements to the requirements of this section in accordance with subsection (i).</text></subparagraph><subparagraph id="id86c8f436e5ba43229536f3c6330b50b1"><enum>(F)</enum><header>Amended award</header><clause id="id0fa5b759dbcd470cb821cde1376a817d"><enum>(i)</enum><header>In general</header><text>An award for preliminary funding under subparagraph (A) may be amended to add any subsequent amount awarded because of a determination by the Secretary that a major disaster is catastrophic and qualifies for assistance under the formula.</text></clause><clause id="id5d9851e5d4b64dbb9c31158f55245c53"><enum>(ii)</enum><header>Applicability</header><text>Notwithstanding subparagraph (D), amounts provided by an amendment under clause (i) are subject to the requirements under subsections (f)(1) and (h)(1) and other requirements on grant funds under this section.</text></clause></subparagraph><subparagraph id="id37bf9b550fce4e9fa383c46b7afbac2b"><enum>(G)</enum><header>Technical assistance</header><text>Concurrent with the allocation of any preliminary funding awarded under this paragraph, the Secretary shall assign or provide technical assistance to the recipient of the grant.</text></subparagraph></paragraph></subsection><subsection id="idfe892e0df766456fb621c520a1c7cc29"><enum>(b)</enum><header>Interchangeability</header><paragraph id="id00272fe8544a483fbbd8135be1ff061c"><enum>(1)</enum><header>In general</header><text>The Secretary is authorized to approve the use of grants under this section to be used interchangeably and without limitation for the same activities in the most impacted and distressed areas resulting from a declaration of another catastrophic major disaster that qualifies for assistance under the formula established under paragraph (4) or (5) of subsection (a) or a major disaster for which the Secretary allocated funds made available under the heading <quote>Community Development Fund</quote> in any Act prior to the establishment of the Fund.</text></paragraph><paragraph id="id3e1f81d68f7445d7abd7d02cee99acc1"><enum>(2)</enum><header>Requirements</header><text>The Secretary shall establish requirements to expedite the use of grants under this section for the purpose described in paragraph (1).</text></paragraph><paragraph id="idc41d490e64c84ce395fad134f0bea493"><enum>(3)</enum><header>Emergency designation</header><text>Amounts repurposed pursuant to this subsection that were previously designated by Congress as an emergency requirement pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985 or a concurrent resolution on the budget are designated by the Congress as being for an emergency requirement pursuant to section 4001(a)(1) of S. Con. Res. 14 (117th Congress), the concurrent resolution on the budget for fiscal year 2022, and to legislation establishing fiscal year 2026 budget enforcement in the House of Representatives.</text></paragraph></subsection><subsection id="ideb1eaaa6dc2745af885adb5dc8e5af9f"><enum>(c)</enum><header>Grantee plans</header><paragraph id="id93c04b4404a44156bebdca5548299927"><enum>(1)</enum><header>Requirement</header><text>Not later than 90 days after the date on which the Secretary announces a grant allocation under this section, unless an extension is granted by the Secretary, the grantee shall submit to the Secretary a plan for approval describing—</text><subparagraph id="idfc41de928a9243e9979b5861395fbfa5"><enum>(A)</enum><text>the activities the grantee will carry out with the grant under this section;</text></subparagraph><subparagraph id="id0eb560eb9a2b479d881796757ca5ecd9"><enum>(B)</enum><text>the criteria of the grantee for awarding assistance and selecting activities;</text></subparagraph><subparagraph id="id2ff6fbb6d31c40b799cb527c7be68c2d"><enum>(C)</enum><text>how the use of the grant under this section will address disaster relief, long-term recovery, restoration of housing and infrastructure, economic revitalization, and mitigation in the most impacted and distressed areas;</text></subparagraph><subparagraph id="idb578f60679f9441a8a97b5ed740e92f9"><enum>(D)</enum><text>how the use of the grant funds for mitigation is consistent with hazard mitigation plans submitted to the Federal Emergency Management Agency under section 322 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5165">42 U.S.C. 5165</external-xref>);</text></subparagraph><subparagraph id="id0e4158de01c74fcda6257ecd948afb01"><enum>(E)</enum><text>the estimated amount proposed to be used for activities that will benefit persons of low and moderate income;</text></subparagraph><subparagraph id="id00d38bbb3932446eb73354800bcb6ba9"><enum>(F)</enum><text>how the use of grant funds will repair and replace existing housing stock for vulnerable populations, including low- to moderate-income households;</text></subparagraph><subparagraph id="ide3fb4ec9409e4698b4b7962e1955a399"><enum>(G)</enum><text>how the grantee will address the priorities described in paragraph (5);</text></subparagraph><subparagraph id="id74c76c47a65e4553b9cf42224ea06aad"><enum>(H)</enum><text>how uses of funds are proportional to unmet needs, as required under paragraph (6);</text></subparagraph><subparagraph id="ida46e2012dd37485a90e4b3d621a76ad1"><enum>(I)</enum><text>for State grantees that plan to distribute grant amounts to units of general local government, a description of the method of distribution; and</text></subparagraph><subparagraph id="id4e7f5f0e79954b4ea2ffcfb7e48831aa"><enum>(J)</enum><text>such other information as may be determined by the Secretary in regulation.</text></subparagraph></paragraph><paragraph id="id2b08386d9f0d4ef7b01e7f899967d66c"><enum>(2)</enum><header>Public consultation</header><text>To permit public examination and appraisal of the plan described in paragraph (1), to enhance the public accountability of grantee, and to facilitate coordination of activities with different levels of government, when developing the plan or substantial amendments proposed to the plan required under paragraph (1), a grantee shall—</text><subparagraph id="id986647c808bf4bdabed8849a0534d813"><enum>(A)</enum><text>publish the plan before adoption;</text></subparagraph><subparagraph id="idbdeb2577215f4d518d928951e96666d9"><enum>(B)</enum><text>provide citizens, affected units of general local government, and other interested parties with reasonable notice of, and opportunity to comment on, the plan, with a public comment period of not less than 14 days;</text></subparagraph><subparagraph id="id117f39775bdf4ae79a54cf79193fca2c"><enum>(C)</enum><text>consider comments received before submission to the Secretary;</text></subparagraph><subparagraph id="id18e8f28d3a0649c9b55d9230b6c2e736"><enum>(D)</enum><text>follow a citizen participation plan for disaster assistance adopted by the grantee that, at a minimum, provides for participation of residents of the most impacted and distressed area affected by the major disaster that resulted in the grant under this section and other considerations established by the Secretary; and</text></subparagraph><subparagraph id="id0adc6fa268584835a059d4fecfd38f24"><enum>(E)</enum><text>undertake any consultation with interested parties as may be determined by the Secretary in regulation.</text></subparagraph></paragraph><paragraph id="id519ad408f7164d5faa6fb5229695d940"><enum>(3)</enum><header>Approval</header><text>The Secretary shall—</text><subparagraph id="id2a31dac0a5a244e4aeeb55138a41f25f"><enum>(A)</enum><text>by regulation, specify criteria for the approval, partial approval, or disapproval of a plan submitted under paragraph (1), including approval of substantial amendments to the plan;</text></subparagraph><subparagraph id="iddd24e3321b024042a3650b7e1b11c215"><enum>(B)</enum><text>review a plan submitted under paragraph (1) upon receipt of the plan;</text></subparagraph><subparagraph id="idffc46d005aaa4844b88a5595c84cc631"><enum>(C)</enum><text>allow a grantee to revise and resubmit a plan or substantial amendment to a plan under paragraph (1) that the Secretary disapproves;</text></subparagraph><subparagraph id="id5a03cc5d5dab410c8e37c8db69064eca"><enum>(D)</enum><text>by regulation, specify criteria for when the grantee shall be required to provide the required revisions to a disapproved plan or substantial amendment under paragraph (1) for public comment prior to resubmission of the plan or substantial amendment to the Secretary; and</text></subparagraph><subparagraph id="ida2e68fe60e82482a8c65bbebbd0563d0"><enum>(E)</enum><text>approve, partially approve, or disapprove a plan or substantial amendment under paragraph (1) not later than 60 days after the date on which the plan or substantial amendment is received by the Secretary.</text></subparagraph></paragraph><paragraph id="ide29af0bc6b574975af36d7cf391f211f"><enum>(4)</enum><header>Low- and moderate-income overall benefit</header><subparagraph id="id2d44d8db6bdc43309d7240b03e7fa17d"><enum>(A)</enum><header>Use of funds</header><text>Not less than 70 percent of a grant made under this section shall be used for activities that benefit persons of low and moderate income unless the Secretary—</text><clause id="idc19754d56b7544e7936fc342e38deaad"><enum>(i)</enum><text>specifically finds that—</text><subclause id="id9745cbf7f07c4d679dd855e6e5c9e8fb"><enum>(I)</enum><text>there is compelling need to reduce the percentage for the grant; and</text></subclause><subclause id="id6f7bdf83d6bd4cf49fc7dff012005aeb"><enum>(II)</enum><text>the housing needs of low- and moderate-income persons have been addressed; and</text></subclause></clause><clause id="idc91fc5392a0e4a2db11e2913b7413e45"><enum>(ii)</enum><text>issues a waiver and alternative requirement specific to the grant pursuant to subsection (i) to lower the percentage.</text></clause></subparagraph><subparagraph id="idea8564118c754788891bc61ea7b787a7"><enum>(B)</enum><header>Regulations</header><text>The Secretary shall, by regulation, establish protocols that reflect the required use of funds under subparagraph (A), including persons with extremely and very low incomes.</text></subparagraph></paragraph><paragraph id="id1d079209cad24aefb7ef004c4e5edd27"><enum>(5)</enum><header>Prioritization</header><text>The grantee shall prioritize activities that—</text><subparagraph id="idcb2d9f4ebc994c2ebad8e96f07867e97"><enum>(A)</enum><text>assist persons with extremely low-, low-, and moderate-incomes and other vulnerable populations to better recover from and withstand future disasters;</text></subparagraph><subparagraph id="id2648d3a0038d47a6a788320d69679253"><enum>(B)</enum><text>address housing needs arising from a disaster, or those needs present prior to a disaster, including the needs of both renters and homeowners; </text></subparagraph><subparagraph id="id839fd7230d8c4787831c48d5b7174200"><enum>(C)</enum><text>prolong the life of housing and infrastructure;</text></subparagraph><subparagraph id="id67a79e09dfac4b6c84d2121b5db41832"><enum>(D)</enum><text>use cost-effective means of preventing harm to people and property and incorporate protective features and redundancies; and</text></subparagraph><subparagraph id="idcac1144f035a4b66a592085c993c051b"><enum>(E)</enum><text>other measures that will assure the continuation of critical services during future disasters.</text></subparagraph></paragraph><paragraph id="id76305b776ca040c6a0febcede33db3ca"><enum>(6)</enum><header>Proportional allocation</header><text>For each specific disaster, a grantee under this section shall allocate grant funds proportional to unmet needs between housing activities for renters and homeowners, economic revitalization, and infrastructure unless the Secretary specifically finds that—</text><subparagraph id="id248e799d1b90485f90a870f160a29773"><enum>(A)</enum><text>there is a compelling need for a disproportional allocation among those unmet needs; and</text></subparagraph><subparagraph id="id8e49c33b5d7c4d648c9f3bd7d286a2ab"><enum>(B)</enum><text>the disproportional allocation described in subparagraph (A) is not inconsistent with the requirements under paragraph (4).</text></subparagraph></paragraph><paragraph id="id2b25903a88d54f0c99ca821fbbfe08ca"><enum>(7)</enum><header>Disaster risk mitigation</header><subparagraph id="idb2ed3c1acd53403eaeda315b17b8a8e0"><enum>(A)</enum><header>Definition</header><text>In this paragraph, the term <term>hazard-prone areas</term>—</text><clause id="id6c327df889d04293be59f22ea7ed6502"><enum>(i)</enum><text>means areas identified by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, at risk from natural hazards that threaten property damage or health, safety, and welfare, such as floods, wildfires (including Wildland-Urban Interface areas), earthquakes, lava inundation, tornados, and high winds; and</text></clause><clause id="idc5ed4879f48c4322a11305be5df3cfb6"><enum>(ii)</enum><text>includes areas having special flood hazards as identified under the Flood Disaster Protection Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/42/4002">42 U.S.C. 4002 et seq.</external-xref>) or the National Flood Insurance Act of 1968 (<external-xref legal-doc="usc" parsable-cite="usc/42/4001">42 U.S.C. 4001 et seq.</external-xref>).</text></clause></subparagraph><subparagraph id="id19afa8a02fe74cd892e8345759ec4dda"><enum>(B)</enum><header>Hazard-prone areas</header><text>The Secretary, in consultation with the Administrator of the Federal Emergency Management Agency, shall establish minimum construction standards, insurance purchase requirements, and other requirements for the use of grant funds in hazard-prone areas.</text></subparagraph><subparagraph id="idfb3264b1cd874583bf72272f7ca00c3c"><enum>(C)</enum><header>Special flood hazards</header><clause commented="no" display-inline="no-display-inline" id="idd2acb4b7072c435287085b81ccb50685"><enum>(i)</enum><header display-inline="yes-display-inline">In general</header><text>For the areas described in subparagraph (A)(ii), the insurance purchase requirements established under subparagraph (B) shall meet or exceed the requirements under section 102(a) of the Flood Disaster Protection Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/42/4012a">42 U.S.C. 4012a(a)</external-xref>). </text></clause><clause commented="no" display-inline="no-display-inline" id="id4623a749f4bf40dcaa20ce2a82ef94f5"><enum>(ii)</enum><header>Treatment as financial assistance</header><text display-inline="yes-display-inline">All grants under this section shall be treated as financial assistance for purposes of section 3(a)(3) of the Flood Disaster Protection Act of 1973 (<external-xref legal-doc="usc" parsable-cite="usc/42/4003">42 U.S.C. 4003(a)(3)</external-xref>).</text></clause></subparagraph><subparagraph id="id85fea47603ca4697a55e4939f26fc6db"><enum>(D)</enum><header>Consideration of future risks</header><text>The Secretary may consider future risks to protecting property and health, safety, and general welfare, and the likelihood of those risks, when making the determination of or modification to hazard-prone areas under this paragraph.</text></subparagraph></paragraph><paragraph id="id437feebfed0342019edf93d98f5361e2"><enum>(8)</enum><header>Relocation</header><subparagraph id="id2c4e7b64190a4e38b8453216d8db613c"><enum>(A)</enum><header>In general</header><text>The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (<external-xref legal-doc="usc" parsable-cite="usc/42/4601">42 U.S.C. 4601 et seq.</external-xref>) shall apply to activities assisted under this section to the extent determined by the Secretary in regulation, or as provided in waivers or alternative requirements authorized in accordance with subsection (i).</text></subparagraph><subparagraph id="id48f561dfc4f149d8b4c590472217ce5d"><enum>(B)</enum><header>Policy</header><text>Each grantee under this section shall establish a relocation assistance policy that—</text><clause id="idfc01a8e8e73f493b9cefecc8e3fbea73"><enum>(i)</enum><text>minimizes displacement and describes the benefits available to persons displaced as a direct result of acquisition, rehabilitation, or demolition in connection with an activity that is assisted by a grant under this section; and</text></clause><clause id="idd9aea5f1aae24b2bb93e899976fbe910"><enum>(ii)</enum><text>includes any appeal rights or other requirements that the Secretary establishes by regulation.</text></clause></subparagraph></paragraph></subsection><subsection id="idd729f5ef87d442e58920071f6f7a6269"><enum>(d)</enum><header>Certifications</header><text>Any grant under this section shall be made only if the grantee certifies to the satisfaction of the Secretary that—</text><paragraph id="idfc23ee14b4da4c7fb0fe816a431b703b"><enum>(1)</enum><text>the grantee is in full compliance with the requirements under subsection (c)(2);</text></paragraph><paragraph id="id9c62f3a1ae6b40ef894cab26ee8e612d"><enum>(2)</enum><text>for grants other than grants to Indian tribes, the grant will be conducted and administered in conformity with the Civil Rights Act of 1964 (<external-xref legal-doc="usc" parsable-cite="usc/42/2000a">42 U.S.C. 2000a et seq.</external-xref>) and the Fair Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/3601">42 U.S.C. 3601 et seq.</external-xref>);</text></paragraph><paragraph id="id03b563c6ca8044a98cb3d03a250a3215"><enum>(3)</enum><text>the projected use of funds has been developed so as to give maximum feasible priority to activities that will benefit recipients described in subsection (c)(4)(A) and activities described in subsection (c)(5), and may also include activities that are designed to aid in the prevention or elimination of slum and blight to support disaster recovery, meet other community development needs having a particular urgency because existing conditions pose a serious and immediate threat to the health or welfare of the community where other financial resources are not available to meet such needs, and alleviate future threats to human populations, critical natural resources, and property that an analysis of hazards shows are likely to result from natural disasters in the future;</text></paragraph><paragraph id="idc3a1d438485548a09872af223fa2fbc9"><enum>(4)</enum><text>the grant funds shall principally benefit persons of low- and moderate-income as described in subsection (c)(4)(A);</text></paragraph><paragraph id="id12ec025314db45c6adfe4f0e084c54ce"><enum>(5)</enum><text>for grants other than grants to Indian tribes, within 24 months of receiving a grant or at the time of its 3- or 5-year update, whichever is sooner, the grantee will review and make modifications to its non-disaster housing and community development plans and strategies required by subsections (c) and (m) of section 104 to reflect the disaster recovery needs identified by the grantee and consistency with the plan under subsection (c)(1);</text></paragraph><paragraph id="id341db69449e7449cbe3178e86f9bccf7"><enum>(6)</enum><text>the grantee will not attempt to recover any capital costs of public improvements assisted in whole or part under this section by assessing any amount against properties owned and occupied by persons of low and moderate income, including any fee charged or assessment made as a condition of obtaining access to such public improvements, unless—</text><subparagraph id="id61d8e3fe2a4a48658003e0600818fec3"><enum>(A)</enum><text>funds received under this section are used to pay the proportion of such fee or assessment that relates to the capital costs of such public improvements that are financed from revenue sources other than under this chapter; or</text></subparagraph><subparagraph id="iddf13e689fed943c6974212f773a7cbe2"><enum>(B)</enum><text>for purposes of assessing any amount against properties owned and occupied by persons of moderate income, the grantee certifies to the Secretary that the grantee lacks sufficient funds received under this section to comply with the requirements of subparagraph (A);</text></subparagraph></paragraph><paragraph id="id48a12e365713481b87ac99d017dbe54a"><enum>(7)</enum><text>the grantee will comply with the other provisions of this title that apply to assistance under this section and with other applicable laws;</text></paragraph><paragraph id="id4d7275c09cd1405f93738a56a46d17af"><enum>(8)</enum><text>the grantee will follow a relocation assistance policy that includes any minimum requirements identified by the Secretary; and</text></paragraph><paragraph id="id6fc735fe86a6421082de8d7e3bdebe2d"><enum>(9)</enum><text>the grantee will adhere to construction standards, insurance purchase requirements, and other requirements for development in hazard-prone areas described in subsection (c)(7).</text></paragraph></subsection><subsection id="id1bed8033d1614bc399cf148b6cf94fe1"><enum>(e)</enum><header>Performance reviews and reporting</header><paragraph id="id71bd180818fe4e65bddac4072df872f6"><enum>(1)</enum><header>In general</header><text>The Secretary shall, on not less frequently than an annual basis until the closeout of a particular grant allocation, make such reviews and audits as may be necessary or appropriate to determine whether a grantee under this section has—</text><subparagraph id="id9f30caa8370340a5ad779d7b7bba6e8d"><enum>(A)</enum><text>carried out activities using grant funds in a timely manner;</text></subparagraph><subparagraph id="id1a24e66f04a34f0694bdff080512e8bc"><enum>(B)</enum><text>met the performance targets established by paragraph (2);</text></subparagraph><subparagraph id="id20a5bf417e9a407e8001363d9639a195"><enum>(C)</enum><text>carried out activities using grant funds in accordance with the requirements of this section, the other provisions of this title that apply to assistance under this section, and other applicable laws; and</text></subparagraph><subparagraph id="id966e3876c8114c1d9edf870c314d971b"><enum>(D)</enum><text>a continuing capacity to carry out activities in a timely manner.</text></subparagraph></paragraph><paragraph id="iddec5021bdc9545c6b28dabe905c3e102"><enum>(2)</enum><header>Performance targets</header><text>The Secretary shall develop and make publicly available critical performance targets for review, which shall include spending thresholds for each year from the date on which funds are obligated by the Secretary to the grantee until such time all funds have been expended.</text></paragraph><paragraph id="idf96a50c8ddf74f1eab07633a3c666382"><enum>(3)</enum><header>Failure to meet targets</header><subparagraph id="id48f23ece438047fc8b005a7122a5e634"><enum>(A)</enum><header>Suspension</header><text>If a grantee under this section fails to meet 1 or more critical performance targets under paragraph (2), the Secretary may temporarily suspend the grant.</text></subparagraph><subparagraph id="idb97a693490f84316b1c317949bed9c56"><enum>(B)</enum><header>Performance improvement plan</header><text>If the Secretary suspends a grant under subparagraph (A), the Secretary shall provide to the grantee a performance improvement plan with the specific requirements needed to lift the suspension within a defined time period.</text></subparagraph><subparagraph id="id9214964a607948f0b6d5e0408672bb8c"><enum>(C)</enum><header>Report</header><text>If a grantee fails to meet the spending thresholds established under paragraph (2), the grantee shall submit to the Secretary, the appropriate committees of Congress, and each member of Congress who represents a district or State of the grantee a written report identifying technical capacity, funding, or other Federal or State impediments affecting the ability of the grantee to meet the spending thresholds.</text></subparagraph></paragraph><paragraph id="id4f46277961634db4a6248e7bbea36c9a"><enum>(4)</enum><header>Collection of information and reporting</header><subparagraph id="id6565d3a431fe48edb7441cae705e817f"><enum>(A)</enum><header>Requirement to report</header><text>A grantee under this section shall provide to the Secretary such information as the Secretary may determine necessary for adequate oversight of the grant program under this section.</text></subparagraph><subparagraph id="id2fc73fc7fcb84362ae15cdacc9d3574d"><enum>(B)</enum><header>Public availability</header><text>Subject to subparagraph (D), the Secretary shall make information submitted under subparagraph (A) available to the public and to the Inspector General for the Department of Housing and Urban Development.</text></subparagraph><subparagraph id="idb89d279197334357a39e977ad077f2ed"><enum>(C)</enum><header>Summary status reports</header><text>To increase transparency and accountability of the grant program under this section, the Secretary shall, on not less frequently than an annual basis, post on a public facing dashboard summary status reports for all active grants under this section that includes—</text><clause id="id393cf24c0ee34480bfadd13a0f9bb5fb"><enum>(i)</enum><text>the status of funds by activity;</text></clause><clause id="idd9e0d30432c24e05a0cc0d7c1738183d"><enum>(ii)</enum><text>the percentages of funds allocated and expended to benefit low- and moderate-income communities;</text></clause><clause id="idc8143063bd4849f9aa1892b974d274bd"><enum>(iii)</enum><text>performance targets, spending thresholds, and accomplishments; and</text></clause><clause id="id351229345a69472f94bfadcd21b68993"><enum>(iv)</enum><text>other information the Secretary determines to be relevant for transparency.</text></clause></subparagraph><subparagraph id="idecc52695a30d4ea0b5ce8424db196cfd"><enum>(D)</enum><header>Considerations</header><text>In carrying out this paragraph, the Secretary shall take such actions as may be necessary to ensure that personally identifiable information regarding applicants for assistance provided from funds made available under this section is not made publicly available.</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idf41953c86fd6452784e8d54f5d1dce9d"><enum>(E)</enum><header>Research partnerships</header><clause commented="no" display-inline="no-display-inline" id="id2ee3eee594ba44169637a362caa119c0"><enum>(i)</enum><header display-inline="yes-display-inline">In general</header><text>The Secretary may, upon a formal request from researchers, make disaggregated information available to the requestor that is specific and relevant to the research being conducted, and for the purposes of researching program impact and efficacy. </text></clause><clause commented="no" display-inline="no-display-inline" id="id2cf6deffd5934136a6ac777bb169131e"><enum>(ii)</enum><header>Privacy protections</header><text>In making information available under clause (i), the Secretary shall protect personally identifiable information as required under section 552a of title 5, United States Code (commonly known as the <quote>Privacy Act of 1974</quote>).</text></clause></subparagraph></paragraph></subsection><subsection id="idfad12ae4669c4e9d910256b6572b33b2"><enum>(f)</enum><header>Eligible activities</header><paragraph id="id387e77b6da2546f399c0ff25634ccf0c"><enum>(1)</enum><header>In general</header><text>Activities assisted under this section—</text><subparagraph id="idc1aa81113a114837ba05515af1efa72a"><enum>(A)</enum><text>may include activities permitted under section 105 or other activities permitted by the Secretary by waiver or alternative requirement pursuant to subsection (i); and</text></subparagraph><subparagraph id="id49967adb70034d71826fad35b6263ff7"><enum>(B)</enum><text>shall be related to disaster relief, long-term recovery, restoration of housing and infrastructure, economic revitalization, and mitigation in the most impacted and distressed areas resulting from the major disaster for which the grant was awarded.</text></subparagraph></paragraph><paragraph id="ide13cbac433df4392a4001b383c22dde0"><enum>(2)</enum><header>Prohibition</header><text>Grant funds under this section may not be used for costs reimbursable by, or for which funds have been made available by, the Federal Emergency Management Agency or the United States Army Corps of Engineers.</text></paragraph><paragraph id="id386357f210ae42fbbec5b50153327406"><enum>(3)</enum><header>Administrative costs, technical assistance and planning</header><subparagraph id="id0b9cc0a12a1c4b0daf15262ff55d482b"><enum>(A)</enum><header>In general</header><text>The Secretary shall establish in regulation the maximum grant amounts a grantee may use for administrative costs, technical assistance, and planning activities, taking into consideration size of grant, complexity of recovery, and other factors as determined by the Secretary, but not to exceed 8 percent for administration and 20 percent in total.</text></subparagraph><subparagraph id="idc777a8a0ee7941fba531e7146038fe8b"><enum>(B)</enum><header>Availability</header><text>Amounts available for administrative costs for a grant under this section shall be available for eligible administrative costs of the grantee for any grant made under this section, without regard to a particular disaster.</text></subparagraph><subparagraph id="id20aa2cd6d7664893b558d1f660fa3c38"><enum>(C)</enum><header>Supplemental plan</header><clause commented="no" display-inline="no-display-inline" id="ide63f6e11e3c548019fd5aa40e164266b"><enum>(i)</enum><header display-inline="yes-display-inline">In general</header><text>Grantees may submit to the Secretary an optional supplemental plan to the grantee plan required under this title specifically for administrative costs, which shall include a description of the use of all grant funds for administrative costs, including for any eligible pre-award program administrative costs, and how such uses will prepare the grantee to more effectively and expeditiously administer funds provided under the full plan.</text></clause><clause commented="no" display-inline="no-display-inline" id="id969495120a6e46bdaffad1eb54667419"><enum>(ii)</enum><header>Use of funds</header><text display-inline="yes-display-inline">If a supplemental plan is approved under clause (i), a grantee may draw down the aforementioned administrative funds before the full grantee plan is approved.</text></clause><clause commented="no" display-inline="no-display-inline" id="id920b595a02de48ed88c2bd80c77896de"><enum>(iii)</enum><header>Waivers</header><text display-inline="yes-display-inline">In carrying out this subparagraph, the Secretary may include any waivers or alternative requirements in accordance with subsection (i).</text></clause></subparagraph></paragraph><paragraph id="idfdd2700118694f2db894eda33f0b98aa"><enum>(4)</enum><header>Program income</header><text>Notwithstanding any other provision of law, any grantee under this section may retain program income that is realized from grants made by the Secretary under this section if the grantee agrees that the grantee will utilize the program income in accordance with the requirements for grants under this section, except that the Secretary may—</text><subparagraph id="idf9f07f088f7e4ce794d8389cad41a957"><enum>(A)</enum><text>by regulation, exclude from consideration as program income any amounts determined to be so small that compliance with this paragraph creates an unreasonable administrative burden on the grantee; or</text></subparagraph><subparagraph id="iddbf68085ad7744f8b9334b171acfd3a4"><enum>(B)</enum><text>permit the grantee to transfer remaining program income to the other grants of the grantee under this title upon closeout of the grant.</text></subparagraph></paragraph><paragraph id="id32a3f9fbd31a44dab55c4a8faca341bb"><enum>(5)</enum><header>Prohibition on use of assistance for employment relocation activities</header><subparagraph id="idb55f43e4e74d4bf48aa13dd4b78e4e2b"><enum>(A)</enum><header>In general</header><text>Grants under this section may not be used to assist directly in the relocation of any industrial or commercial plant, facility, or operation, from one area to another area, if the relocation is likely to result in a significant loss of employment in the labor market area from which the relocation occurs.</text></subparagraph><subparagraph id="id1ffee03d46ec4e37ae569b889d63ebf0"><enum>(B)</enum><header>Applicability</header><text>The prohibition under subparagraph (A) shall not apply to a business that was operating in the disaster-declared labor market area before the incident date of the applicable disaster and has since moved, in whole or in part, from the affected area to another State or to a labor market area within the same State to continue business.</text></subparagraph></paragraph><paragraph id="id213b5515757c4bb38991be5bc62dc08b"><enum>(6)</enum><header>Requirements</header><text>Grants under this section are subject to the requirements of this section, the other provisions of this title that apply to assistance under this section, and other applicable laws, unless modified by waivers or alternative requirements in accordance with subsection (i).</text></paragraph></subsection><subsection id="iddfc5a56fb57f4736a93dff59535c4c84"><enum>(g)</enum><header>Environmental review</header><paragraph id="id3425d916584649a0a1f67f9ef47f1146"><enum>(1)</enum><header>Adoption</header><text>A recipient of funds provided under this section that uses the funds to supplement Federal assistance provided under section 203, 402, 403, 404, 406, 407, 408(c)(4), 428, or 502 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5170a">42 U.S.C. 5170a</external-xref>, 5170b, 5170c, 5172, 5173, 5174(c)(4), 5189f, 5192) may adopt, without review or public comment, any environmental review, approval, or permit performed by a Federal agency, and such adoption shall satisfy the responsibilities of the recipient with respect to such environmental review, approval, or permit under section 104(g)(1), so long as the actions covered by the existing environmental review, approval, or permit and the actions proposed for these supplemental funds are substantially the same.</text></paragraph><paragraph id="idb074de74e5694d568a70980b6662edf2"><enum>(2)</enum><header>Approval of release of funds</header><text>Notwithstanding section 104(g)(2), the Secretary or a State may, upon receipt of a request for release of funds and certification, immediately approve the release of funds for an activity or project to be assisted under this section if the recipient has adopted an environmental review, approval, or permit under paragraph (1) or the activity or project is categorically excluded from review under the National Environmental Policy Act of 1969 (<external-xref legal-doc="usc" parsable-cite="usc/42/4321">42 U.S.C. 4321 et seq.</external-xref>).</text></paragraph><paragraph id="idf300fba6bb834311a495eb7a7510d88d"><enum>(3)</enum><header>Units of general local government</header><text>The provisions of section 104(g)(4) shall apply to assistance under this section that a State distributes to a unit of general local government.</text></paragraph></subsection><subsection id="id607cdf37d96c4cc193acd750255c7dfe"><enum>(h)</enum><header>Financial controls and procedures</header><paragraph id="idcf1ace5d96784220bc84ade1b18fd80f"><enum>(1)</enum><header>In general</header><text>The Secretary shall develop requirements and procedures to demonstrate that a grantee under this section—</text><subparagraph id="idae3a98590d8245e28b1ad0c292fe8bfb"><enum>(A)</enum><text>has adequate financial controls and procurement processes;</text></subparagraph><subparagraph id="id398328548d054734907243865fe052a7"><enum>(B)</enum><text>has adequate procedures to detect and prevent fraud, waste, abuse, and duplication of benefit; and</text></subparagraph><subparagraph id="id89f84333679a476bb8da9a4443429da8"><enum>(C)</enum><text>maintains a comprehensive and publicly accessible website.</text></subparagraph></paragraph><paragraph id="id5c43a662132242968297b93ca15b0995"><enum>(2)</enum><header>Certification</header><text>Before making a grant under this section, the Secretary shall certify that the grantee has in place proficient processes and procedures to comply with the requirements developed under paragraph (1), as determined by the Secretary.</text></paragraph><paragraph id="ida4179a39d712473389fa4d90e1e1af2f"><enum>(3)</enum><header>Compliance before allocation</header><text>The Secretary may permit a State, unit of general local government, or Indian tribe to demonstrate compliance with the requirements for adequate financial controls developed under paragraph (1) before a disaster occurs and before receiving an allocation for a grant under this section.</text></paragraph><paragraph id="id81ca176ddc4141589d82ac3a0b84b7e9"><enum>(4)</enum><header>Duplication of benefits</header><subparagraph id="ida80b9cc10a7d4d64be181db688afe56c"><enum>(A)</enum><header>In general</header><text>Funds made available under this section shall be used in accordance with section 312 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5155">42 U.S.C. 5155</external-xref>) and such rules as may be prescribed under such section 312.</text></subparagraph><subparagraph id="iddc93b8978c2c445797dc489d2e5f6320"><enum>(B)</enum><header>Penalties</header><text>In any case in which the use of grant funds under this section results in a prohibited duplication of benefits, the grantee shall—</text><clause id="id50ac9d91314049b4a75cec1b6e2251e9"><enum>(i)</enum><text>apply an amount equal to the identified duplication to any allowable costs of the award consistent with actual, immediate cash requirement;</text></clause><clause id="id5f0219dbf0ae49179f595ce71ce39dfc"><enum>(ii)</enum><text>remit any excess amounts to the Secretary to be credited to the obligated, undisbursed balance of the grant consistent with requirements on Federal payments applicable to such grantee; and</text></clause><clause id="idb478a46117a04d97a9fea3237bfcc340"><enum>(iii)</enum><text>if excess amounts under clause (ii) are identified after the period of performance or after the closeout of the award, remit such amounts to the Secretary to be credited to the Fund.</text></clause></subparagraph><subparagraph id="id87835a2388414e8badd2607761e04bc4"><enum>(C)</enum><header>Failure to comply</header><text>Any grantee provided funds under this section or from prior appropriations Acts under the heading <quote>Community Development Fund</quote> for purposes related to major disasters that fails to comply with section 312 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5155">42 U.S.C. 5155</external-xref>) or fails to satisfy penalties to resolve a duplication of benefits shall be subject to remedies for noncompliance under section 111, unless the Secretary publishes a determination in the Federal Register that it is not in the best interest of the Federal Government to pursue remedial actions.</text></subparagraph></paragraph></subsection><subsection id="id7f252cf624944cd098ad5acae5021652"><enum>(i)</enum><header>Waivers and alternative requirements</header><paragraph id="id158d553cb2454c14a8514e74dc0c2d5c"><enum>(1)</enum><header>In general</header><text>In administering grants under this section, the Secretary may waive, or specify alternative requirements for, any provision of any statute or regulation that the Secretary administers in connection with the obligation by the Secretary or the use by the grantee of those funds (except for requirements related to fair housing, nondiscrimination, labor standards, the environment, and the requirements of this section that do not expressly authorize modifications by waiver or alternative requirement), if the Secretary makes a public finding that good cause exists for the waiver or alternative requirement.</text></paragraph><paragraph id="id5c77613e9108492b8bebac8a4758e631"><enum>(2)</enum><header>Effective date</header><text>A waiver or alternative requirement described in paragraph (1) shall not take effect before the date that is 5 days after the date of publication of the waiver or alternative requirement on the website of the Department of Housing and Urban Development or the effective date for any regulation published in the Federal Register.</text></paragraph><paragraph id="id6bb4d9be6d2740eaa3e7c58809b3fa52"><enum>(3)</enum><header>Public notification</header><text>The Secretary shall notify the public of all waivers or alternative requirements described in paragraph (1) in accordance with the requirements of section 7(q)(3) of the Department of Housing and Urban Development Act (<external-xref legal-doc="usc" parsable-cite="usc/42/3535">42 U.S.C. 3535(q)(3)</external-xref>).</text></paragraph></subsection><subsection id="id72f7eb04ab1f4fc7bc12daf420709bb2"><enum>(j)</enum><header>Unused amounts</header><paragraph id="id62c97d0a561a441fbaa1be79e7ae363c"><enum>(1)</enum><header>Deadline to use amounts</header><text>A grantee under this section shall use an amount equal to the grant within 6 years beginning on the date on which the Secretary obligates the amounts to the grantee, as such period may be extended under paragraph (4).</text></paragraph><paragraph id="idca2852bb0d2b4b708b9536184177f747"><enum>(2)</enum><header>Recapture</header><text>The Secretary shall recapture and credit to the Fund any amount that is unused by a grantee under this section upon the earlier of—</text><subparagraph id="iddd4b995951154109a1f06513f8d25596"><enum>(A)</enum><text>the date on which the grantee notifies the Secretary that the grantee has completed all activities identified in the disaster grantee’s plan under subsection (c); or</text></subparagraph><subparagraph id="idd4b43613932e4509bd17b3fde7b44802"><enum>(B)</enum><text>the expiration of the 6-year period described in paragraph (1), as such period may be extended under paragraph (4).</text></subparagraph></paragraph><paragraph id="idd320bc08103e415ab1c4848eba49519f"><enum>(3)</enum><header>Retention of funds</header><text>Notwithstanding paragraph (1), the Secretary—</text><subparagraph commented="no" display-inline="no-display-inline" id="idf6c1a0dfbb374dd690da5f198a1af63a"><enum>(A)</enum><text display-inline="yes-display-inline">shall allow a grantee under this section to retain amounts needed to close out grants; and</text></subparagraph><subparagraph id="idf3f16c0e724b409898ae4c662f48ad60"><enum>(B)</enum><text>may allow a grantee under this section to retain up to 10 percent of the remaining funds to support maintenance of the minimal capacity to launch a new program in the event of a future disaster and to support pre-disaster long-term recovery and mitigation planning.</text></subparagraph></paragraph><paragraph id="id9622521fc97d4aab85e8337f146e9e7d"><enum>(4)</enum><header>Extension of period for use of funds</header><text>The Secretary may extend the 6-year period described in paragraph (1) by not more than 4 years, or not more than 6 years for mitigation activities, if—</text><subparagraph id="id64775809c7dc460f8bf344882a77f659"><enum>(A)</enum><text>the grantee submits to the Secretary—</text><clause id="id7c3d3c3ed7d84fce834265d3d63d19b9"><enum>(i)</enum><text>written documentation of the exigent circumstances impacting the ability of the grantee to expend funds that could not be anticipated; or</text></clause><clause id="idced49ef1648d4373bc5fe40e68569170"><enum>(ii)</enum><text>a justification that such request is necessary due to the nature and complexity of the program and projects; and</text></clause></subparagraph><subparagraph id="id825a94798088484f9bead386be1cb70b"><enum>(B)</enum><text>the Secretary submits a written justification for the extension to the Committee on Appropriations and the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Appropriations and the Committee on Financial Services of the House of Representatives that specifies the period of that extension.</text></subparagraph></paragraph></subsection><subsection id="id6482e7fb9bc240729b62fe280890fed6"><enum>(k)</enum><header>Definition</header><text display-inline="yes-display-inline">In this section, the term <term>Indian tribe</term> has the meaning given the term in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 (<external-xref legal-doc="usc" parsable-cite="usc/25/4103">25 U.S.C. 4103</external-xref>).</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="id6c017b4a4d0d4df1828716d11335e089"><enum>(e)</enum><header>Regulations</header><paragraph commented="no" display-inline="no-display-inline" id="id3f761041ccd349aaa9681c0dcc0baef6"><enum>(1)</enum><header>Proposed rules</header><text display-inline="yes-display-inline">Following consultation with the Federal Emergency Management Agency, the Small Business Administration, and other Federal agencies, not later than 6 months after the date of enactment of this Act, the Secretary shall issue proposed rules to carry out this Act and the amendments made by this Act and shall provide a 90-day period for submission of public comments on those proposed rules.</text></paragraph><paragraph id="id6eee9957e16a4113a3faff4cd08048f7"><enum>(2)</enum><header>Final rules</header><text>Not later than 1 year after the date of enactment of this Act, the Secretary shall issue final regulations to carry out section 124 of the Housing and Community Development Act of 1974, as added by subsection (d).</text></paragraph></subsection><subsection id="id528262cec4764529b8c05de822cfdf2d"><enum>(f)</enum><header>Coordination of disaster recovery assistance, benefits, and data with other Federal agencies</header><paragraph commented="no" display-inline="no-display-inline" id="idbc08a4736b8442959df6bfc9e7f3b6dd"><enum>(1)</enum><header display-inline="yes-display-inline">Coordination of disaster recovery assistance</header><text display-inline="yes-display-inline">In order to ensure a comprehensive approach to Federal disaster relief, long-term recovery, restoration of housing and infrastructure, economic revitalization, and mitigation in the most impacted and distressed areas resulting from a catastrophic major disaster, the Secretary shall coordinate with the Federal Emergency Management Agency, to the greatest extent practicable, in the implementation of assistance authorized under section 124 of the Housing and Community Development Act of 1974, as added by subsection (d).</text></paragraph><paragraph id="id26b446f0dc5146f88de8a299ba399cba"><enum>(2)</enum><header>Data sharing agreements</header><text>To support the coordination of data to prevent duplication of benefits with other Federal disaster recovery programs while also expediting recovery and reducing burden on disaster survivors, the Department shall establish data sharing agreements that safeguard privacy with relevant Federal agencies to ensure disaster benefits effectively and efficiently reach intended beneficiaries, while using effective means of preventing harm to people and property.</text></paragraph><paragraph id="id0e2df947afab4204849ab77625bf4e55"><enum>(3)</enum><header>Data transfer from FEMA and SBA to HUD</header><text>As permitted and deemed necessary for efficient program execution, and consistent with a computer matching agreement entered into under paragraph (6)(A), the Administrator of the Federal Emergency Management Agency and the Administrator of the Small Business Administration shall provide data on disaster applicants to the Department, including, when necessary, personally identifiable information, disaster recovery needs, and resources determined eligible for, and amounts expended, to the Secretary for all major disasters declared by the President pursuant to section 401 of Robert T. Stafford Disaster Relief and Emergency Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/5170">42 U.S.C. 5170</external-xref>) for the purpose of providing additional assistance to disaster survivors and prevent duplication of benefits.</text></paragraph><paragraph id="id74f47affec2448f29eb6127d6c47bc28"><enum>(4)</enum><header>Data transfers from HUD to HUD grantees</header><text>The Secretary is authorized to provide to grantees under section 124 of the Housing and Community Development Act of 1974, as added by subsection (d), offices of the Department, technical assistance providers, and lenders information that in the determination of the Secretary is reasonably available and appropriate to inform the provision of assistance after a major disaster, including information provided to the Secretary by the Administrator of the Federal Emergency Management Agency, the Administrator of the Small Business Administration, or other Federal agencies.</text></paragraph><paragraph id="id0dee93c1346e4cf8ae7abf96de026aed"><enum>(5)</enum><header>Data transfers from HUD grantees to HUD, FEMA, and SBA</header><subparagraph id="idfb2b117a6541408186f0d4188cbd7518"><enum>(A)</enum><header>Reporting</header><text>Grantees under section 124 of the Housing and Community Development Act of 1974, as added by subsection (d), shall report information requested by the Secretary on households, businesses, and other entities assisted and the type of assistance provided.</text></subparagraph><subparagraph id="ida405b615f0264a579ff79da12e9910aa"><enum>(B)</enum><header>Sharing information</header><text>The Secretary shall share information collected under subparagraph (A) with the Federal Emergency Management Agency, the Small Business Administration, and other Federal agencies to support the planning and delivery of disaster recovery and mitigation assistance and other related purposes.</text></subparagraph></paragraph><paragraph id="id8b28ccf771cc4dd09e6da203ec87f4c7"><enum>(6)</enum><header>Privacy protection</header><subparagraph commented="no" display-inline="no-display-inline" id="idfaaf1b0342d34455857c18976bb0c603"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text>The Secretary may make and receive data transfers authorized under this subsection, including the use and retention of that data for computer matching programs, to inform the provision of assistance, assess disaster recovery needs, and prevent the duplication of benefits and other waste, fraud, and abuse, provided that—</text><clause id="id5df844a70c414a8eb2622a43d209a378"><enum>(i)</enum><text>the Secretary enters an information sharing agreement or a computer matching agreement, when required by section 522a of title 5, United States Code (commonly known as the <quote>Privacy Act of 1974</quote>), with the Administrator of the Federal Emergency Management Agency, the Administrator of the Small Business Administration, or other Federal agencies covering the transfer of data; and</text></clause><clause id="id4c1ff6ab7e544b46af71b00ed2a6dc12"><enum>(ii)</enum><text>the Secretary publishes intent to disclose data in the Federal Register.</text></clause></subparagraph><subparagraph id="id354ae675cc8a4f3b984caf4bcf3a39ca"><enum>(B)</enum><header>Data sharing agreement</header><text>Notwithstanding clauses (i) and (ii) of subparagraph (A), section 552a of title 5, United States Code, or any other law, the Secretary is authorized to share data with an entity identified in paragraph (4), and the entity is authorized to use the data as described in this section, if the Secretary enters a data sharing agreement with the entity before sharing or receiving any information under transfers authorized by this section, which data sharing agreement shall—</text><clause id="id0d41550dd71740bab7423eec1734daba"><enum>(i)</enum><text>in the determination of the Secretary, include measures adequate to safeguard the privacy and personally identifiable information of individuals; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id16bd3987b9784787bc8e0bb030cd0b6d"><enum>(ii)</enum><text>include provisions that describe how the personally identifiable information of an individual will be adequately safeguarded and protected, which requires consultation with the Secretary and the head of each Federal agency the data of which is being shared subject to the agreement.</text></clause></subparagraph></paragraph></subsection></section><section id="id2a45eaf86ed547f69e05b27795c5a0e6"><enum>502.</enum><header>HOME Investment Partnerships Reauthorization and Reform Act</header><subsection id="ide963d3939f2445989c72157efe301737"><enum>(a)</enum><header>Authorization</header><text>Section 205 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12724">42 U.S.C. 12724</external-xref>) is amended to read as follows:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id06a3826978094e858e28b826b195e39d"><section id="idea313264e0e54387bfdc892704719fdc"><enum>205.</enum><header>Authorization of program</header><text display-inline="no-display-inline">The HOME Investment Partnerships Program under subtitle A is hereby authorized.</text></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id44c088697fd942398e59230b0bd0bcc0"><enum>(b)</enum><header>Definition of community housing development organization</header><text>Section 104(6)(B) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12704">42 U.S.C. 12704(6)(B)</external-xref>) is amended by striking <quote>significant</quote>.</text></subsection><subsection id="ida7279c20751c4dd5beabae15112d9f0a"><enum>(c)</enum><header>Assistance for low-income families</header><text>Title II of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12721">42 U.S.C. 12721 et seq.</external-xref>) is amended—</text><paragraph id="id10b07580e1274a49946919d3cbe5d7da"><enum>(1)</enum><text>in section 214(2) (<external-xref legal-doc="usc" parsable-cite="usc/42/12742">42 U.S.C. 12742(2)</external-xref>), by striking <quote>households that qualify as low-income families</quote> and inserting <quote>families with a household income that does not exceed 100 percent of the median family income of the area, as determined by the Secretary</quote>; and</text></paragraph><paragraph id="id536ddce559654e78b92b8a9e8cf394b1"><enum>(2)</enum><text>in section 271(c) (<external-xref legal-doc="usc" parsable-cite="usc/42/12821">42 U.S.C. 12821(c)</external-xref>)—</text><subparagraph id="id3200b862bf0a4a4f966fb4530a86b93c"><enum>(A)</enum><text>in paragraph (1)(B), by striking <quote>low-income</quote> and inserting <quote>families with a household income that does not exceed 100 percent of the median family income of the area as determined by the Secretary with adjustments for smaller and larger families</quote>; and</text></subparagraph><subparagraph id="id7271f2cbc09a4a4089773188a26fbf02"><enum>(B)</enum><text>in paragraph (2)(A), by striking <quote>low-income families</quote> and inserting <quote>families with a household income that does not exceed 100 percent of the median family income of the area as determined by the Secretary with adjustments for smaller and larger families</quote>.</text></subparagraph></paragraph></subsection><subsection id="ida5911487e18f4a6c9cca2d29063cb0ef"><enum>(d)</enum><header>Choices made by participating jurisdictions</header><text>Section 212(a)(2) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12742">42 U.S.C. 12742(a)(2)</external-xref>) is amended to read as follows:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id4cf8fa9dc8284101bb39d51d41520339"><paragraph id="idf0d46051aea749d8ba9619d1ea11475e"><enum>(2)</enum><header>Limitation</header><text>The Secretary may not restrict the choice by a participating jurisdiction of rehabilitation, substantial rehabilitation, new construction, reconstruction, acquisition, or other eligible housing uses authorized in paragraph (1) unless the restriction is explicitly authorized under section 223(2).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="ida3d82e3446b24dc38bd1730cdf1a981f"><enum>(e)</enum><header>Use of amounts by certain jurisdictions for infrastructure improvements</header><paragraph id="id1c64233542c64f7e8950dc3b8002437b"><enum>(1)</enum><header>In general</header><text>Section 212(a) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12742">42 U.S.C. 12742(a)</external-xref>) is amended by inserting after paragraph (3) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idda14ca3213e54aec92663a8da2d1bdd8"><paragraph id="id5bde665ac9b641b4b8b1cb55b273fce4"><enum>(4)</enum><header>Infrastructure improvements in nonentitlement areas</header><subparagraph id="id3cb7a7b0dab149e2a7d53892d52a2ce5"><enum>(A)</enum><header>In general</header><text>A participating jurisdiction may use funds provided under this subtitle for infrastructure improvements, including the installation or repair of water and sewer lines, sidewalks, roads, and utility connections if—</text><clause id="idabff4452ef4645259826ff007785e5cd"><enum>(i)</enum><text>such participating jurisdiction does not receive assistance under title I of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5310">42 U.S.C. 5310</external-xref>); and</text></clause><clause id="id222d2f0fc17348518751bb526d57613e"><enum>(ii)</enum><text>such improvements are directly related to, and located within or immediately adjacent to—</text><subclause id="ida46ffc8dbdcc4d459775309b3de7b936"><enum>(I)</enum><text>housing assisted under this subtitle; or</text></subclause><subclause id="id7592586b932d4f179a04195481f5681d"><enum>(II)</enum><text>housing assisted under <external-xref legal-doc="usc" parsable-cite="usc/26/42">section 42</external-xref> of the Internal Revenue Code of 1986.</text></subclause></clause></subparagraph><subparagraph id="idf65e2da3358e47e5a23d051d09059b54"><enum>(B)</enum><header>Application of labor standards</header><text>The labor standards and requirements set forth in section 110 of the Housing and Community Development Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5310">42 U.S.C. 5310</external-xref>) shall apply to any infrastructure improvement conducted using funds provided under this subtitle.</text></subparagraph><subparagraph id="ide8fbf824804b43a18858c9e08fce625a"><enum>(C)</enum><header>Rule of construction</header><text>Nothing in this paragraph may be construed to impose any requirements of the HOME Investment Partnerships program on housing that benefits from an infrastructure improvement conducted using funds provided under this subtitle but was not otherwise assisted under the HOME Investment Partnerships program.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="id2cabc7f8853c4c9fbc163f6d9818d43b"><enum>(2)</enum><header>Rulemaking</header><text>Not later than 1 year after the date of enactment of this Act, the Secretary of Housing and Urban Development shall issue rules to carry out the amendment made by paragraph (1).</text></paragraph></subsection><subsection id="id15c9533bedb5449394d1b5957033061f"><enum>(f)</enum><header>Per unit investment limitations</header><text>Section 212(e)(1) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12742">42 U.S.C. 12742(e)(1)</external-xref>) is amended by striking the second sentence.</text></subsection><subsection id="idacd781cb5ab84d76a4f50fd4d703d3f4"><enum>(g)</enum><header>Affordable rental housing qualifications</header><text>Section 215(a) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12745">42 U.S.C. 12745(a)</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id9b72f65b442d4657b28b82de4ca67de8"><paragraph id="id347ec8443cc24da184ec05c73595ddf0"><enum>(7)</enum><header>Qualification exception</header><text>Notwithstanding paragraph (1)(A), a rental unit shall be considered to qualify as affordable housing under this title if—</text><subparagraph id="id52c4607dfff04201af7afefa45c8c5a2"><enum>(A)</enum><text>the unit is occupied by a tenant receiving tenant-based rental assistance under section 8 of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref>);</text></subparagraph><subparagraph id="id8c610eb7800a4233a183a6c09627725e"><enum>(B)</enum><text>the contribution of the tenant toward rent does not exceed the amount permitted under the assistance described in subparagraph (A); and</text></subparagraph><subparagraph id="id9d6df81eac2149e3a7ca44928cbed603"><enum>(C)</enum><text>the total rent for the unit does not exceed the amount approved by the public housing agency administering the assistance described in subparagraph (A).</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="idecdff0bbf3b4438799913e0acd334f34"><enum>(h)</enum><header>Affordable homeownership housing qualifications</header><text>Section 215 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12745">42 U.S.C. 12745</external-xref>) is amended—</text><paragraph commented="no" display-inline="no-display-inline" id="ide41394de73ea4e9aa2adce3fb0c7343a"><enum>(1)</enum><text>in subsection (b)—</text><subparagraph commented="no" display-inline="no-display-inline" id="id8f3cd827f5994d769e526662594ab9ff"><enum>(A)</enum><text display-inline="yes-display-inline">in paragraph (2), by redesignating subparagraphs (A), (B), and (C) as clauses (i), (ii), and (iii), respectively, and adjusting the margins accordingly;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id83b4eec2bf81449588e1fef747a59d9d"><enum>(B)</enum><text>in paragraph (3)—</text><clause commented="no" display-inline="no-display-inline" id="id13eb103361dc4a72a6bf70e3a2babf41"><enum>(i)</enum><text display-inline="yes-display-inline">in subparagraph (A), by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively, and adjusting the margins accordingly; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id044d2cf462a643eaa38e3ac8e241cc38"><enum>(ii)</enum><text>by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively, and adjusting the margins accordingly;</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idbf03649950b748fca6376668602b98ee"><enum>(C)</enum><text>by redesignating paragraphs (1) through (4) as subparagraphs (A) through (D), respectively, and adjusting the margins accordingly;</text></subparagraph><subparagraph id="id394608271d5544a49c1b24228d7e2acf"><enum>(D)</enum><text>by striking <quote>Housing that is for homeownership</quote> and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idf7e2c90e9a084cb986117e57b56878eb"><paragraph id="id6f22252de1204c5288939beb9e07cd26"><enum>(1)</enum><header>Qualification</header><text>Housing that is for homeownership</text></paragraph><after-quoted-block>;</after-quoted-block></quoted-block></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ide510966a3445454886ba584265474186"><enum>(E)</enum><text>in paragraph (1), as so designated—</text><clause commented="no" display-inline="no-display-inline" id="id07fbd6b4d2254a6eb8ddc42521c6ed9a"><enum>(i)</enum><text display-inline="yes-display-inline">in subparagraph (A), as so redesignated—</text><subclause commented="no" display-inline="no-display-inline" id="idde7a30ea11af4e3883cd4eaf700b5029"><enum>(I)</enum><text display-inline="yes-display-inline">by striking <quote>95 percent</quote> and inserting <quote>110 percent</quote>; and </text></subclause><subclause commented="no" display-inline="no-display-inline" id="idc687fce76e704da483c75a11bea56210"><enum>(II)</enum><text display-inline="yes-display-inline">by inserting <quote>(defined as the amount borrowed by the homebuyer to purchase the home, or the estimated value after rehabilitation, which may be adjusted to account for the limits on future value imposed by the resale restriction)</quote> after <quote>purchase price</quote>;</text></subclause></clause><clause commented="no" display-inline="no-display-inline" id="ida4e1437671ed4240b3be4db4dbefc008"><enum>(ii)</enum><text>in subparagraph (B), as so redesignated, in the matter preceding clause (i), by striking <quote>whose family qualifies as a low-income family</quote> and inserting <quote>with a family income that does not exceed 100 percent of the median family income of the area as determined by the Secretary with adjustments for smaller and larger families</quote>;</text></clause><clause id="id42876a3009734404883b6aa652e07b6f"><enum>(iii)</enum><text>in subparagraph (C), as so redesignated—</text><subclause id="id78e5c83373194faa93db3b5ea031936d"><enum>(I)</enum><text>in clause (i)(II)—</text><item commented="no" display-inline="no-display-inline" id="id337e74d72c1343fcb7e904d752d3b776"><enum>(aa)</enum><text display-inline="yes-display-inline">by striking <quote>low-income homebuyers</quote> and inserting <quote>homebuyers with a household income that does not exceed 100 percent of the median family income of the area, as determined by the Secretary with adjustments for smaller and larger families</quote>; and</text></item><item commented="no" display-inline="no-display-inline" id="id449b19b1c0634c5cb179b34af41b9b20"><enum>(bb)</enum><text display-inline="yes-display-inline">by striking <quote>or</quote> at the end;</text></item></subclause><subclause id="id006a6dc984f04864b6359063d789d37b"><enum>(II)</enum><text>in clause (ii), by striking <quote>and</quote> at the end and inserting <quote>or</quote>; and</text></subclause><subclause id="id427506d8b57a4984acbb92f3c4ee9d7b"><enum>(III)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id3b6c3ad476f547cfa9553f192e461064"><clause id="id36ec836b6d114eb3a8915d578f023414"><enum>(iii)</enum><text>maintain long-term affordability through a shared equity ownership model, a community land trust, a limited equity cooperative, a community development corporation, or other mechanism approved by the Secretary, that preserves affordability for future eligible homebuyers and ensures compliance with the purposes of this title, including through the use of purchase options, rights of first refusal or other preemptive rights to purchase housing;</text></clause><after-quoted-block>;</after-quoted-block></quoted-block></subclause></clause><clause commented="no" display-inline="no-display-inline" id="id3ab204ec7eef4b00b0abc5acb1c387fb"><enum>(iv)</enum><text>in subparagraph (D), as so redesignated, by striking the period at the end and inserting <quote>; and</quote>; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id712d53854cc04bcf8b129595fbe5980b"><enum>(v)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idb9eb04a64b1e4ed1b8576e8e3166f7de"><subparagraph id="ide602e765a4544c62aa212d698c5e4419"><enum>(E)</enum><text>is subject to restrictions that are established by the participating jurisdiction and determined by the Secretary to be appropriate, including with respect to the useful life of the property, to—</text><clause id="idcba51624f40a45268a287c2ba5a7db48"><enum>(i)</enum><text>require that any subsequent purchase of the property be—</text><subclause id="id742223d356ca4880afef7f6374a41034"><enum>(I)</enum><text>only by a person who meets the qualifications specified under subparagraph (B); and</text></subclause><subclause id="id85d9246fb3c54ed6b927560d6e5140b8"><enum>(II)</enum><text>at a price that is determined by a formula or method established by the participating jurisdiction that provides the owner with a reasonable return on investment, which may include a percentage of the cost of any improvements; or</text></subclause></clause><clause id="idad326ec1099441f192becfef856523ed"><enum>(ii)</enum><text>recapture the investment provided under this title in order to assist other persons in accordance with the requirements of this title, except where there are no net proceeds or where the net proceeds are insufficient to repay the full amount of the assistance.</text></clause></subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block></clause></subparagraph><subparagraph id="ideb8c549aae514f94aff6b0f4c4ac63ff"><enum>(F)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id747c4d23672d4680ab4afb0ce52db559"><paragraph id="id0c91addaae0a40608d9cf94f31801074"><enum>(2)</enum><header>Purchase by community land trust or cooperative housing corporation</header><text>Notwithstanding subparagraph (C)(i) of paragraph (1) and under terms determined by the Secretary, the Secretary may permit a participating jurisdiction to allow a community land trust, housing cooperative, or a community development corporation that used assistance provided under this subtitle for the development of housing that meets the criteria under paragraph (1), to acquire the housing—</text><subparagraph id="ida038636b83a6499cb4c5c8183715862a"><enum>(A)</enum><text>in accordance with the terms of the preemptive purchase option, lease, covenant on the land, or other similar legal instrument of the community land trust when the terms and rights in the preemptive purchase option, lease, covenant, or legal instrument are and remain subject to the requirements of this title;</text></subparagraph><subparagraph id="id5640f90903b84c1b9369c82c8a9db65c"><enum>(B)</enum><text>when the purchase is for—</text><clause id="id1528151d33f94990bf75cda5ffec2da0"><enum>(i)</enum><text>the purpose of—</text><subclause id="id036ec6c4c9a94e8b86ea4c23d0c5aee5"><enum>(I)</enum><text>entering into the chain of title;</text></subclause><subclause id="id18f12e2b7ed84b1bb484564f57400511"><enum>(II)</enum><text>enabling a purchase by a person who meets the qualifications specified under paragraph (1)(B) and is on a waitlist maintained by the community land trust or housing cooperative, subject to enforcement by the participating jurisdiction of all applicable requirements of this title, as determined by the Secretary;</text></subclause><subclause id="id2d5e19e51a1b405ea8062ed3076caed3"><enum>(III)</enum><text>performing necessary rehabilitation and improvements; or</text></subclause><subclause id="idb651d293742045c191a8ceccc4625bcc"><enum>(IV)</enum><text>adding a subsidy to preserve affordability, which may be from Federal or non-Federal sources; or</text></subclause></clause><clause id="id917e53d2394248918058a9bf154c4543"><enum>(ii)</enum><text>another purpose determined appropriate by the Secretary; and</text></clause></subparagraph><subparagraph id="idfba9a2429c034613b577cdde85937782"><enum>(C)</enum><text>if, within a reasonable period of time after the applicable purpose under subparagraph (B) of this paragraph is fulfilled, as determined by the Secretary, the housing is then sold to a person who meets the qualifications specified under paragraph (1)(B).</text></subparagraph></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="idaf39d340f83d45218ff0a8420bcac118"><enum>(2)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id5a90162d8e8b4db586fbec2c763509f5"><subsection id="ida37e4bc5364f4414bb0f65bb44b49f59"><enum>(c)</enum><header>Qualification exceptions for homeownership</header><paragraph id="id669d075e901b4a17b866de582d7a1952"><enum>(1)</enum><header>Military members</header><text>A participating jurisdiction, in accordance with terms established by the Secretary, may suspend or waive the income qualifications described in subsection (b)(1)(B) with respect to housing that otherwise meets the criteria described in subsection (b)(1) if the owner of the housing—</text><subparagraph id="id3bac0ffba0e34051a9ba7118f723cb54"><enum>(A)</enum><text>is a member of a regular component of the armed forces or a member of the National Guard on full-time National Guard duty, active Guard and Reserve duty, or inactive-duty training (as those terms are defined in section 101 of title 10, United States Code); and</text></subparagraph><subparagraph id="id02c696e7182f4c9ba2ccc831277bda97"><enum>(B)</enum><text>has received—</text><clause id="idd0b06c2cf10446468780df339b9d157d"><enum>(i)</enum><text>temporary duty orders to deploy with a military unit or military orders to deploy as an individual acting in support of a military operation, to a location that is not within a reasonable distance from the housing, as determined by the Secretary, for a period of not less than 90 days; or</text></clause><clause id="id40a273f2d8fe4198a47405434f060560"><enum>(ii)</enum><text>orders for a permanent change of station.</text></clause></subparagraph></paragraph><paragraph id="idfe8b236cdd7b4947ba9aee7a80c09e13"><enum>(2)</enum><header>Heirs and beneficiaries of deceased owners</header><text>Housing that meets the criteria described in subsection (b)(1)(C) prior to the death of an owner of such housing shall continue to qualify as affordable housing under this title if—</text><subparagraph id="idb6e4bc472b644bfe9c21a788c1f9f641"><enum>(A)</enum><text>the housing is the principal residence of an heir or beneficiary of the deceased owner, as defined by the Secretary; and</text></subparagraph><subparagraph id="ida10252fcf2fd45c09b576b513b08bcfd"><enum>(B)</enum><text>the heir or beneficiary, in accordance with terms established by the Secretary, assumes the duties and obligations of the deceased owner with respect to funds provided under this title.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="id9076c502a6704afabcab73ee004bf05e"><enum>(i)</enum><header>Elimination of expiration of right to draw home investment trust funds</header><text>Section 218 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12748">42 U.S.C. 12748</external-xref>) is amended—</text><paragraph id="id530d7cf1402d450eb5990d00c8ab48b0"><enum>(1)</enum><text>by striking subsection (g); and</text></paragraph><paragraph id="ide063f246bb524f0384473ee4ae12c274"><enum>(2)</enum><text>by redesignating subsection (h) as subsection (g).</text></paragraph></subsection><subsection id="id8042c5674ab440d491c558a6a36fd536"><enum>(j)</enum><header>Adjusted recapture and reuse of set-aside for community housing developmental organizations</header><text>Section 231(b) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12771">42 U.S.C. 12771(b)</external-xref>) is amended to read as follows:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idc3ea47f82fa84e5982770550f1c1346b"><subsection id="id2de971b15a5d4bbd80119f2c575de7da"><enum>(b)</enum><header>Recapture and reuse</header><text>If any funds reserved under subsection (a) remain uninvested for a period of 24 months, the Secretary shall make such funds available to the participating jurisdiction for any eligible activities under this title without regard to whether a community housing development organization materially participates in the use of such funds.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="idf38968bc403e491e8f464612d43b24b0"><enum>(k)</enum><header>Asset recycling information dissemination expansion</header><text>Section 245(b)(2) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12785">42 U.S.C. 12785(b)(2)</external-xref>) is amended by striking <quote>95 percent</quote> and inserting <quote>110 percent</quote>.</text></subsection><subsection id="id1934d1f5c9c7438ca8038bc7d5a9e1e2"><enum>(l)</enum><header>Application of other specified statutory requirements</header><text>Title II of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12721">42 U.S.C. 12721 et seq.</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idf4bcf70c738d43519e53a9ae69520fa0"><section id="id8e47ce7b234a484e9e7199a3a1e11937"><enum>291.</enum><header>Nonapplicability of certain requirements for small projects</header><text display-inline="no-display-inline">Notwithstanding any other provision of law, the requirements of section 3 of the Housing and Urban Development Act of 1968 (<external-xref legal-doc="usc" parsable-cite="usc/12/1701u">12 U.S.C. 1701u</external-xref>), and any implementing regulations or guidance, shall not apply to an activity assisted under this title that involves rehabilitation, construction, or other development of housing if—</text><paragraph id="id376469ca222440b1bfca0cacdbb090d4"><enum>(1)</enum><text>the recipient of assistance under this title is—</text><subparagraph id="idb0708075d383420bb6d625f2c1d061ac"><enum>(A)</enum><text>a State recipient pursuant to section 216; or</text></subparagraph><subparagraph id="id05fcd4452dda44659c1f1d8e1741246f"><enum>(B)</enum><text>a participating jurisdiction that received a total allocation of less than $3,000,000 in the most recent fiscal year pursuant to section 216; and</text></subparagraph></paragraph><paragraph id="idf34f84a31698446d96c2f64926af379f"><enum>(2)</enum><text>the total number of dwelling units assisted as a part of such activity is not more than 50.</text></paragraph></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id9a426c0cd06646ef807b7de7da739812"><enum>(m)</enum><header>Reallocation not available for certain jurisdictions</header><text>Section 217(d) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12747">42 U.S.C. 12747(d)</external-xref>) is amended—</text><paragraph id="ida2548f0aaa0a4d53be88d312ef131894"><enum>(1)</enum><text>in paragraph (1), by striking the second sentence and inserting the following: <quote>Subject to paragraph (4), jurisdictions eligible for such reallocations shall include participating jurisdictions and jurisdictions meeting the requirements of this title, including the requirements in paragraphs (3), (4), and (5) of section 216.</quote>; and</text></paragraph><paragraph id="id12a2498a0a224feaabeaa068cefc6757"><enum>(2)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id46fc7f4c13f8405b835aaae806410e6a"><paragraph id="idec3b79b914a14a58805a908e6e9ce7cb"><enum>(4)</enum><header>Reallocation not available for certain jurisdictions</header><text>The Secretary may decline to make a reallocation available to a jurisdiction eligible for such reallocation if such jurisdiction has failed to meet or comply with any requirement under this title.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="id083a8ddbd5724840828eee711b03f36d"><enum>(n)</enum><header>Amendments to qualification as affordable housing</header><text display-inline="yes-display-inline">Section 215(a)(1)(E) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12745">42 U.S.C. 12745(a)</external-xref>) is amended by striking <quote>except upon a foreclosure by a lender (or upon other transfer in lieu of foreclosure) if such action (i) recognizes any contractual or legal rights of public agencies, nonprofit sponsors, or others to take actions that would avoid termination of low-income affordability in the case of foreclosure or transfer in lieu of foreclosure, and (ii) is not for the purpose of avoiding low income affordability restrictions, as determined by the Secretary; and</quote> and inserting the following:</text><quoted-block style="OLC" display-inline="yes-display-inline" id="idf2509983adc445a8bb6daaf7c4e73933"><text>except—</text><clause id="id407ca341432d4c529f11d1437a9ccac3"><enum>(i)</enum><text>upon a foreclosure by a lender (or upon other transfer in lieu of foreclosure) if such action—</text><subclause id="ida834d4d15d4b49b099d7a91a6bad96d3"><enum>(I)</enum><text>recognizes any contractual or legal rights of public agencies, nonprofit sponsors, or others to take actions that would avoid termination of low-income affordability in the case of foreclosure or transfer in lieu of foreclosure; and</text></subclause><subclause id="idf4253e2f7fdd4d2d9e016d561d364f7c"><enum>(II)</enum><text>is not for the purpose of avoiding low-income affordability restrictions, as determined by the Secretary; or</text></subclause></clause><clause id="id5f75e5839dca4156bd61d558e915aa1c"><enum>(ii)</enum><text>where existing affordable housing is no longer financially viable due to unforeseen acts or occurrences beyond the reasonable contemplation or control of the participating jurisdiction in which the affordable housing is located or the owner of the affordable housing that significantly impact the financial or physical condition of the affordable housing, as determined by the Secretary; and</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id2462f7e30b2e4adf8850b30b80de254b"><enum>(o)</enum><header>Tenant and participant protections for affordable housing</header><text>Section 225 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12755">42 U.S.C. 12755</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id15ea45c6766d47aa8934120caf5502c7"><subsection id="id416eec02a714480f9af788dd2ad87f53"><enum>(e)</enum><header>Exception</header><text>Paragraphs (2), (3), and (4) of subsection (d) shall not apply to housing under this section that meets the following criteria:</text><paragraph commented="no" display-inline="no-display-inline" id="id116ebab23609403495647260d3151dbc"><enum>(1)</enum><text display-inline="yes-display-inline">The housing is affordable housing with not more than 4 dwelling units, each of which is made available for rental.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1572ba5925c64f52b6d0516fa5c9336f"><enum>(2)</enum><text display-inline="yes-display-inline">Each dwelling unit in the housing bears rent in an amount that complies with the requirements described in paragraph (1)(A).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id73660439f0244c7381816d0b18c94a25"><enum>(3)</enum><text display-inline="yes-display-inline">Each dwelling unit in the housing is accompanied by a low-income family.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idb7bfaaf9646f496bb0a2a4a7a96f756f"><enum>(4)</enum><text display-inline="yes-display-inline">No dwelling in the housing is refused for leasing to a holder of a voucher under section 8 of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref>) because of the status of the prospective tenant as a holder of that voucher.</text></paragraph><paragraph id="id51472e742b24448a8fc35881827ad26c"><enum>(5)</enum><text>The housing complies with the requirement described in paragraph (1)(E).</text></paragraph><paragraph id="id315e9749414d45ff818f625f20fdc504"><enum>(6)</enum><text>The participating jurisdiction in which the housing is located monitors the compliance of the housing with the requirements of this title in a manner consistent with the purposes of section 226(b), as determined by the Secretary.</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection commented="no" display-inline="no-display-inline" id="id1eb57faa024d45d18455d122ee239766"><enum>(p)</enum><header>Revision of definition of community land trust</header><text>Section 104 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12704">42 U.S.C. 12704</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id8e5abbba2b054b4e8896843cde3d5d10"><paragraph id="idbd41aeb9e2374d09b0ea31887342b0be"><enum>(26)</enum><text>The term <term>community land trust</term> means a nonprofit entity, a State, a unit of local government, or an instrumentality of a State or unit of local government that—</text><subparagraph id="id66c3354b7c0e481398c9f151018fc4fc"><enum>(A)</enum><text>is not managed by, or an affiliate of, a for-profit organization;</text></subparagraph><subparagraph id="ida723fef9c23641bcb93b22c50c139373"><enum>(B)</enum><text>has as a primary purpose of acquiring, developing, or holding land to provide housing that is permanently affordable to low- and moderate-income persons;</text></subparagraph><subparagraph id="id7da9d6c49e914a8cbde02831f8d96bb0"><enum>(C)</enum><text>monitors properties to ensure affordability is preserved;</text></subparagraph><subparagraph id="id8f7169307f084278899dfaebab5421fb"><enum>(D)</enum><text>provides housing that is permanently affordable to low- and moderate-income persons using a ground lease, deed covenant, or other similar legally enforceable measure, determined acceptable by the Secretary, that—</text><clause id="id626a65b30f5446ebbc983cc20da57213"><enum>(i)</enum><text>keeps housing affordable to low- and moderate-income persons for not less than 30 years; and</text></clause><clause id="id273df17ea2f943c9b403cbdcd0bb0838"><enum>(ii)</enum><text>enables low- and moderate-income persons to rent or purchase the housing for homeownership; and</text></clause></subparagraph><subparagraph id="id954c7b7296314d6a8de94068e1fb5bc7"><enum>(E)</enum><text>maintains preemptive purchase options to purchase the property if such purchase would allow the housing to remain affordable to low-and moderate-income persons.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="idf42095f33af9479baafc3ffb45859df0"><enum>(q)</enum><header>Set-aside for community housing development organizations</header><text>Section 231(a) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12771">42 U.S.C. 12771(a)</external-xref>) is amended, in the first sentence, by striking <quote>to be developed, sponsored, or owned by community housing development organizations</quote> and inserting <quote>when a community housing development organization materially participates in the ownership or development of that housing, as determined by the Secretary</quote>.</text></subsection><subsection id="id4c78ec5c35484fa69c66cfd883230735"><enum>(r)</enum><header>Administrative reforms</header><paragraph id="idaa20083189f040b394ec8ace063503fb"><enum>(1)</enum><header>Increase in program administration resources</header><text>Section 220(b) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12750">42 U.S.C. 12750(b)</external-xref>) is amended—</text><subparagraph id="idba1fa1b545c441d3bcf0c0f6b2b05fa7"><enum>(A)</enum><text>by striking <quote><header-in-text level="subsection" style="OLC">Recognition</header-in-text>.—</quote> and all that follows through <quote>A contribution</quote> and inserting <quote><header-in-text level="subsection" style="OLC">Recognition</header-in-text>.—A contribution</quote>; and</text></subparagraph><subparagraph id="idfd21df3ba2fb4e0abe0c8bc496225406"><enum>(B)</enum><text>by striking paragraph (2).</text></subparagraph></paragraph><paragraph id="id0093c2b9ed26494db1a9e78f53dadc63"><enum>(2)</enum><header>Modification of jurisdictions eligible for reallocations</header><text>Section 217(d)(3) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12747">42 U.S.C. 12747(d)(3)</external-xref>) is amended—</text><subparagraph commented="no" display-inline="no-display-inline" id="ida626de64cf304e9b95d917312d5c0990"><enum>(A)</enum><text display-inline="yes-display-inline">in the paragraph heading, by striking <quote><header-in-text level="paragraph" style="OLC">Limitation</header-in-text></quote> and inserting <quote><header-in-text level="paragraph" style="OLC">Limitations</header-in-text></quote>; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id80d000b1c93249e0b26cfd7075972743"><enum>(B)</enum><text>by striking <quote>Unless otherwise specified</quote> and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idfcb3a1685fc74d7aac58f72fd8031d3c"><subparagraph id="id180429913722419aa0b2a0a5c7b2c35f"><enum>(A)</enum><header>Removal of participating jurisdictions from reallocation</header><text>The Secretary may, upon a finding that the participating jurisdiction has failed to meet or comply with the requirements of this title, remove a participating jurisdiction from participation in reallocations of funds made available under this title.</text></subparagraph><subparagraph id="ida622ee446b5344fe8b6bff22287bb544"><enum>(B)</enum><header>Reallocation to same type of entity</header><text>Unless otherwise specified</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="id983b35c849bb4c6aa87ed69dc83fec7d"><enum>(3)</enum><header>Home property inspections</header><text>Section 226(b) of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12756">42 U.S.C. 12756(b)</external-xref>) is amended—</text><subparagraph id="id1e57ddcca59f4fd69d05e6e8cd261b4c"><enum>(A)</enum><text>by striking <quote>Each participating jurisdiction</quote> and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idc424db51f517430eb8c989aa9d84ce67"><paragraph id="ide5489fa80d9a40ac90dffd7f676e094b"><enum>(1)</enum><header>In general</header><text>Each participating jurisdiction</text></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></subparagraph><subparagraph id="id5812857a7ba54618823643d4a4e1df90"><enum>(B)</enum><text>by striking <quote>Such review shall include</quote> and all that follows and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idf2d2a769da4b4feaae7c1d482872cf32"><paragraph id="id0881006d8a2549168e56a31969cf6982"><enum>(2)</enum><header>On-site inspections</header><subparagraph id="id419afa7a8d354b609cc7747a95ebe71f"><enum>(A)</enum><header>Inspections by units of general local government</header><text>A review conducted under paragraph (1) by a participating jurisdiction that is a unit of general local government shall include an on-site inspection to determine compliance with housing codes and other applicable regulations.</text></subparagraph><subparagraph id="id660aaf5bb41d4122a5d8ac11501c138c"><enum>(B)</enum><header>Inspections by states</header><text>A review conducted under paragraph (1) by a participating jurisdiction that is a State shall include an on-site inspection to determine compliance with a national standard as determined by the Secretary.</text></subparagraph></paragraph><paragraph id="idabce8d6cdeb24f979c585cb2ae0a3084"><enum>(3)</enum><header>Inclusion in performance report and publication</header><text>A participating jurisdiction shall include in the performance report of the participating jurisdiction submitted to the Secretary under section 108(a), and make available to the public, the results of each review conducted under paragraph (1).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="id146ea02a9c2b4daea6e7c47c75b0f036"><enum>(4)</enum><header>Revisions to strengthen enforcement and penalties for noncompliance</header><text>Section 223 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12753">42 U.S.C. 12753</external-xref>) is amended—</text><subparagraph id="id7a3acd981d4d44e682ed315020b408f9"><enum>(A)</enum><text>in the section heading, by striking <quote><header-in-text level="section" style="OLC">Penalties for misuse of funds</header-in-text></quote> and inserting <quote><header-in-text level="section" style="OLC">Program enforcement and penalties for noncompliance</header-in-text></quote>;</text></subparagraph><subparagraph id="id3055b363e65243d3a0f41b88302d5ddc"><enum>(B)</enum><text>in the matter preceding paragraph (1), by inserting after <quote>any provision of this subtitle</quote> the following: <quote>, including any provision applicable throughout the period required by section 215(a)(1)(E) and applicable regulations,</quote>;</text></subparagraph><subparagraph id="idcbc32f6e93c64f03b3728deb8ee53d2a"><enum>(C)</enum><text>in paragraph (2), by striking <quote>or</quote> at the end;</text></subparagraph><subparagraph id="idb7bc91bc6243486f8c99b0f813e93def"><enum>(D)</enum><text>in paragraph (3), by striking the period at the end and inserting <quote>; or</quote>; and</text></subparagraph><subparagraph id="id351aa5f3c2984ccb9209a38e1e2d7304"><enum>(E)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idfc991f148d8e4db6883fc8a1eff80339"><paragraph id="id4dcfdf03618f4bbd974c0aaea82bd400"><enum>(4)</enum><text>reduce payments to the participating jurisdiction under this subtitle by an amount equal to the amount of such payments that were not expended by the participating jurisdiction in accordance with this title.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph></subsection><subsection id="idf3631f5567d4417d9fd51305e06e1a88"><enum>(s)</enum><header>Minimum allocations</header><text>Section 217(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747 (b)) is amended—</text><paragraph id="iddc5c441697e34d678d49ca650d50add0"><enum>(1)</enum><text>in paragraph (2), by striking <quote>$500,000</quote> each place that term appears and inserting <quote>$750,000</quote>;</text></paragraph><paragraph id="id54cd94b493dc422a96574d3e8b11e881"><enum>(2)</enum><text>in paragraph (3)—</text><subparagraph id="ida6e5cc49b32740e79f9cad2359743ea3"><enum>(A)</enum><text>by striking <quote>jurisdictions that are allocated an amount of $500,000 or more</quote> and inserting <quote>jurisdictions that are allocated an amount of $750,000 or more</quote>;</text></subparagraph><subparagraph id="id91df52fb0f764600afaebb8db4755321"><enum>(B)</enum><text>by striking <quote>that are allocated an amount less than $500,000</quote> and inserting <quote>that are allocated an amount less than $500,000 before the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title> or less than $750,000 on or after the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title></quote>; and</text></subparagraph><subparagraph id="id6337c6f7b62d4d68ae42f447470c23bf"><enum>(C)</enum><text>by striking <quote>, except as provided in paragraph (4)</quote>; and</text></subparagraph></paragraph><paragraph id="ida21088e5a9fa4a0a81f04f288fbde48f"><enum>(3)</enum><text>by striking paragraph (4).</text></paragraph></subsection><subsection id="ide6374ca6ebd54b85bd551544b7b3cc86"><enum>(t)</enum><header>Technical and conforming amendments</header><text>The Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12701">42 U.S.C. 12701 et seq.</external-xref>) is amended—</text><paragraph id="id5e6f088eac4c4706bf3aa9afd0e423d8"><enum>(1)</enum><text>by striking <quote>Stewart B. McKinney Homeless Assistance Act</quote> each place that term appears and inserting <quote>McKinney-Vento Homeless Assistance Act</quote>; </text></paragraph><paragraph id="id1824eaa9d0784e078000bbb3f353f952"><enum>(2)</enum><text>by striking <quote>Committee on Banking, Finance and Urban Affairs</quote> each place that term appears and inserting <quote>Committee on Financial Services</quote>;</text></paragraph><paragraph id="id87fe1441414b4a35802ca9c5c6054ce9"><enum>(3)</enum><text>in the table of contents in section 1(b) (<external-xref legal-doc="public-law" parsable-cite="pl/101/625">Public Law 101–625</external-xref>; 104 Stat. 4079)—</text><subparagraph id="ida01f3ba6497a4d7bbba6116ed566d666"><enum>(A)</enum><text>by striking the item relating to section 205 and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idc5e679ff6c864a8f91c07b6ebe4f8f98"><toc><toc-entry bold="off" level="section">Sec. 205. Authorization of program.</toc-entry></toc><after-quoted-block>; </after-quoted-block></quoted-block></subparagraph><subparagraph id="id0d5f66bb905b4a7a81bcc1cdf9232511"><enum>(B)</enum><text>by striking the item relating to section 223 and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id7a704582e8754f63955b413660ac6989"><toc><toc-entry bold="off" level="section">Sec. 223. Program enforcement and penalties for noncompliance.</toc-entry></toc><after-quoted-block>; and</after-quoted-block></quoted-block></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idff9502f679774b5eacf3c1d068ed5308"><enum>(C)</enum><text>by inserting after the item relating to section 290 the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id8bfb06bbd74746799b8a9a5a5b8c03f2"><toc><toc-entry bold="off" level="section">Sec. 291. Nonapplicability of certain requirements for small projects.</toc-entry></toc><after-quoted-block>;</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="iddee7baaab7764cbcae8c30f6f1db8ce7"><enum>(4)</enum><text>in section 104 (<external-xref legal-doc="usc" parsable-cite="usc/42/12704">42 U.S.C. 12704</external-xref>)—</text><subparagraph id="id1934ffc45788488fb270712d328a01ce"><enum>(A)</enum><text>by redesignating paragraph (23) (relating to the definition of the term <term>to demonstrate to the Secretary</term>) as paragraph (22); and</text></subparagraph><subparagraph id="id7c8bb5a1e83f4096bd978d2666ba8037"><enum>(B)</enum><text>by redesignating paragraph (24) (relating to the definition of the term <term>insular area</term>, as added by section 2(2) of <external-xref legal-doc="public-law" parsable-cite="pl/102/230">Public Law 102–230</external-xref>) as paragraph (23);</text></subparagraph></paragraph><paragraph id="id59566b76b4fd4793b4c4808ae7065ee7"><enum>(5)</enum><text>in section 105(b)(8) (<external-xref legal-doc="usc" parsable-cite="usc/42/12705">42 U.S.C. 12705(b)(8)</external-xref>), by striking <quote>subparagraphs</quote> and inserting <quote>paragraphs</quote>;</text></paragraph><paragraph id="idcc86bfbd9f754651ad17f9df778e8dcd"><enum>(6)</enum><text>in section 108(a)(1) (<external-xref legal-doc="usc" parsable-cite="usc/42/12708">42 U.S.C. 12708(a)(1)</external-xref>), by striking <quote>section 105(b)(15)</quote> and inserting <quote>section 105(b)(18)</quote>;</text></paragraph><paragraph id="idc7df06b8e8364d689104d4b29fe95d90"><enum>(7)</enum><text>in section 212 (<external-xref legal-doc="usc" parsable-cite="usc/42/12742">42 U.S.C. 12742</external-xref>)—</text><subparagraph id="id04bd4673bfe442349f95d81a663d6b52"><enum>(A)</enum><text>in subsection (a)(3)(A)(ii), by inserting <quote>United States</quote> before <quote>Housing Act</quote>; </text></subparagraph><subparagraph id="ida4ab0861c54044b3abe07786d6919665"><enum>(B)</enum><text>in subsection (d)(5), by inserting <quote>United States</quote> before <quote>Housing Act</quote>; and</text></subparagraph><subparagraph id="id06cc55daa57347518b286788236d70fb"><enum>(C)</enum><text>in subsection (e)(1)—</text><clause commented="no" display-inline="no-display-inline" id="idc91ac6418f814471b81b57c07d30ecc3"><enum>(i)</enum><text display-inline="yes-display-inline">by striking <quote>section 221(d)(3)(ii)</quote> and inserting <quote>section 221(d)(4)</quote>; and</text></clause><clause commented="no" id="id865519DBC3284F0AA300604461045B96"><enum>(ii)</enum><text>by striking <quote>not to exceed 140 percent</quote> and inserting <quote>as determined by the Secretary</quote>;</text></clause></subparagraph></paragraph><paragraph id="id8e62b6094a5a471288f6f30fab599928"><enum>(8)</enum><text>in section 215(a)(6)(B) (<external-xref legal-doc="usc" parsable-cite="usc/42/12745">42 U.S.C. 12745(a)(6)(B)</external-xref>), by striking <quote>grand children</quote> and inserting <quote>grandchildren</quote>;</text></paragraph><paragraph id="ide0696e19da1548009a350b1be050a1d2"><enum>(9)</enum><text>in section 217 (<external-xref legal-doc="usc" parsable-cite="usc/42/12747">42 U.S.C. 12747</external-xref>)—</text><subparagraph id="id670fe057cbe144ffb6cfd0a4865f0954"><enum>(A)</enum><text>in subsection (a)—</text><clause commented="no" display-inline="no-display-inline" id="ide36175e858b5432c97631c995395c685"><enum>(i)</enum><text>in paragraph (1), by striking <quote>(3)</quote> and inserting <quote>(2)</quote>;</text></clause><clause id="id6e02f05918194a5a8d575d568d703d22"><enum>(ii)</enum><text>by striking paragraph (3), as added by section 211(a)(2)(D) of the Housing and Community Development Act of 1992 (<external-xref legal-doc="public-law" parsable-cite="pl/102/550">Public Law 102–550</external-xref>; 106 Stat. 3756); and </text></clause><clause id="id4721c58faf92417bb867a4e6303fe046"><enum>(iii)</enum><text>by redesignating the remaining paragraph (3), as added by the matter under the heading <quote><header-in-text level="appropriations-small" style="appropriations">Home investment partnerships program</header-in-text></quote> under the heading <quote><header-in-text level="appropriations-intermediate" style="appropriations">Housing programs</header-in-text></quote> in title II of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1993 (<external-xref legal-doc="public-law" parsable-cite="pl/102/389">Public Law 102–389</external-xref>; 106 Stat. 1581), as paragraph (2); and</text></clause></subparagraph><subparagraph id="id88a8bdbc7b994e2db6403191821a865c"><enum>(B)</enum><text>in subsection (b)(1)—</text><clause id="idcd5ee2806c324fcd894d9bf33860deb6"><enum>(i)</enum><text>in subparagraph (A), in the first sentence—</text><subclause id="idBB414A295A7045BD8FDCA4DE76989C57"><enum>(I)</enum><text>by striking <quote>in regulation</quote> and inserting <quote>, by regulation,</quote>; and</text></subclause><subclause id="id049331C73DFD4FC09CB4F2D3CF1BA614"><enum>(II)</enum><text>by striking <quote>eligible jurisdiction</quote> and inserting <quote>eligible jurisdictions</quote>; and</text></subclause></clause><clause id="ida74d9822072d4b3f8dfd24055ba0f9a2"><enum>(ii)</enum><text>in subparagraph (F), in the first sentence—</text><subclause commented="no" display-inline="no-display-inline" id="id59cd0fb882db4ca5b5da0c15ff50e812"><enum>(I)</enum><text display-inline="yes-display-inline">in clause (i), by striking <quote>Subcommittee on Housing and Urban Affairs</quote> and inserting <quote>Subcommittee on Housing, Transportation, and Community Development</quote>; and</text></subclause><subclause commented="no" display-inline="no-display-inline" id="id24ec61a603b64d569bd145f725f3fd19"><enum>(II)</enum><text display-inline="yes-display-inline">in clause (ii), by striking <quote>Subcommittee on Housing and Community Development of the Committee on Banking, Finance and Urban Affairs</quote> and inserting <quote>Subcommittee on Housing and Insurance of the Committee on Financial Services</quote>;</text></subclause></clause></subparagraph></paragraph><paragraph id="id319b2069a8cc4cb0baf9206b9bbba222"><enum>(10)</enum><text>in section 220(c) (<external-xref legal-doc="usc" parsable-cite="usc/42/12750">42 U.S.C. 12750(c)</external-xref>)—</text><subparagraph id="id492f4ec72f794860a8cb84c3c30561c6"><enum>(A)</enum><text>in paragraph (3), by striking <quote>Secretary</quote> and all that follows and inserting <quote>Secretary;</quote>;</text></subparagraph><subparagraph id="id5910F3FCD9CA4A668B3D1B23A8F3A8D9"><enum>(B)</enum><text>in paragraph (4), by striking <quote>under this title</quote> and all that follows and inserting <quote>under this title;</quote>; and</text></subparagraph><subparagraph id="idd5dfd2a0ab834650bef68758dbff1b30"><enum>(C)</enum><text>by redesignating paragraphs (6), (7), and (8) as paragraphs (5), (6), and (7), respectively;</text></subparagraph></paragraph><paragraph id="id65445a775b1e475ba1d5628770226dc5"><enum>(11)</enum><text>in section 225(d)(4)(B) (<external-xref legal-doc="usc" parsable-cite="usc/42/12755">42 U.S.C. 12755(d)(4)(B)</external-xref>), by striking <quote>for</quote> the first place that term appears; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idc36a2b271c8846b29c223a3c9926cd7a"><enum>(12)</enum><text>in section 233 (<external-xref legal-doc="usc" parsable-cite="usc/42/12773">42 U.S.C. 12773</external-xref>)—</text><subparagraph id="ida80fd2d5a2f24202b004cd78443ce857"><enum>(A)</enum><text>in subsection (b)(6), by striking <quote>to community land trusts (as such term is defined in subsection (f))</quote> and inserting <quote>to community land trusts (as such term is defined in section 104)</quote>; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ide565fbfba84241b1b0fae33eb9064faf"><enum>(B)</enum><text>by striking subsection (f).</text></subparagraph></paragraph></subsection></section><section id="id70573d1d5c9f456b880723c03ff79f0c"><enum>503.</enum><header>Rural Housing Service Reform Act</header><subsection id="id0FF184752F51417EACD3C1C50D853C40"><enum>(a)</enum><header>Application of multifamily mortgage foreclosure procedures to multifamily mortgages held by the Secretary of Agriculture and preservation of the rental assistance contract upon foreclosure</header><paragraph commented="no" display-inline="no-display-inline" id="iddced4727c3d04a5ea7304994b2e2f6b5"><enum>(1)</enum><header display-inline="yes-display-inline">Multifamily mortgage procedures</header><text display-inline="yes-display-inline">Section 363(2) of the Multifamily Mortgage Foreclosure Act of 1981 (<external-xref legal-doc="usc" parsable-cite="usc/12/3702">12 U.S.C. 3702(2)</external-xref>) is amended—</text><subparagraph id="idCFFA4775017B45E29C0D6C96852EF9F5"><enum>(A)</enum><text>in subparagraph (D), by striking <quote>and</quote> at the end;</text></subparagraph><subparagraph id="id5CC66BD9365B4AF4BCDF56CB9F5F28F4"><enum>(B)</enum><text>in subparagraph (E), by striking the period at the end and inserting <quote>; or</quote>; and</text></subparagraph><subparagraph id="id8B0C8D4016ED49818AE6733FBEAF1F74"><enum>(C)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idC55CDECE857646FCAE4FC48EF8481EBD"><subparagraph id="id30A4F41779314E81BE08F0999AC14631"><enum>(F)</enum><text>section 514, 515, or 538 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1484">42 U.S.C. 1484</external-xref>, 1485, 1490p–2).</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id9bee2bc7903f4fb0ba083e03dfd8b318"><enum>(2)</enum><header>Preservation of contract</header><text>Section 521(d) of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1490a">42 U.S.C. 1490a(d)</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id6A9CF98E6B194423A4314313221305B8"><paragraph commented="no" display-inline="no-display-inline" id="idc0e7a4cb2bed4108b00a08b71486bd9c" indent="up1"><enum>(3)</enum><text>Notwithstanding any other provision of law, in managing and disposing of any multifamily property that is owned or has a mortgage held by the Secretary, and during the process of foreclosure on any property with a contract for rental assistance under this section—</text><subparagraph commented="no" display-inline="no-display-inline" id="id715e786e5b0445edbef503e432017729"><enum>(A)</enum><text display-inline="yes-display-inline">the Secretary shall maintain any rental assistance payments that are attached to any dwelling units in the property; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id52f15421cc74479e87d063120e994bf0"><enum>(B)</enum><text display-inline="yes-display-inline">the rental assistance contract may be used to provide further assistance to existing projects under 514, 515, or 516.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="idEB553280100647A98C3F08E4A7CD06A6"><enum>(b)</enum><header>Study on rural housing loans for housing for low- and moderate-income families</header><text display-inline="yes-display-inline">Not later than 6 months after the date of enactment of this Act, the Secretary of Agriculture shall conduct a study and submit to Congress a publicly available report on the loan program under section 521 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1490a">42 U.S.C. 1490a</external-xref>), including—</text><paragraph commented="no" display-inline="no-display-inline" id="id607707c33db64d8fa672a1b63e69f839"><enum>(1)</enum><text>the total amount provided by the Secretary in subsidies under such section 521 to borrowers with loans made pursuant to section 502 of such Act (<external-xref legal-doc="usc" parsable-cite="usc/42/1472">42 U.S.C. 1472</external-xref>);</text></paragraph><paragraph id="idd1f636e9cf0443b3bc6f7b859dc78122"><enum>(2)</enum><text>how much of the subsidies described in paragraph (1) are being recaptured; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id88557d98546a41d2bf188cb189ae5eff"><enum>(3)</enum><text>the amount of time and costs associated with recapturing those subsidies.</text></paragraph></subsection><subsection id="id93bb40397e1e49cda0b4dff2abbda6fa"><enum>(c)</enum><header>Staffing and information technology upgrades</header><text>Utilizing funds appropriated for such purposes, the Secretary of Agriculture may increase staffing capacity and upgrade information technology to support all Rural Housing Service programs.</text></subsection><subsection id="idcbfd419558804b868f3c6f5afb875e71"><enum>(d)</enum><header>Technical improvements</header><paragraph id="id53aa96c60edf45eba4e24eda77ae7662"><enum>(1)</enum><header>Authorization of appropriations</header><text>Utilizing funds appropriated for such purposes, the Secretary of Agriculture may make improvements to the technology of the Rural Housing Service of the Department of Agriculture used to process and manage housing loans.</text></paragraph><paragraph id="id8C95B4A66FDC4DDF87E58A0D469DECA3"><enum>(2)</enum><header>Availability</header><text>Amounts appropriated pursuant to paragraph (1) shall remain available until the date that is 5 years after the date of the appropriation.</text></paragraph><paragraph id="idB9D8328AEB704DE58B7F1F54D21CA9E9"><enum>(3)</enum><header>Timeline</header><text display-inline="yes-display-inline">The Secretary of Agriculture shall make the improvements described in paragraph (1) during the 5-year period beginning on the date on which amounts are appropriated under paragraph (1).</text></paragraph></subsection><subsection id="H4F1533B3601D4A5DAB75FA04B28F5C13"><enum>(e)</enum><header>Permanent establishment of housing preservation and revitalization program</header><text display-inline="yes-display-inline">Title V of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1471">42 U.S.C. 1471 et seq.</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" id="H1E94B872049A4950844C5F4E61B6A39F"><section id="H065DF93592D04A19BBCAFAFEF80482CB"><enum>545.</enum><header>Housing preservation and revitalization program</header><subsection id="HC34755A6D8D14999947D447BEB5F4701"><enum>(a)</enum><header>Establishment</header><text>The Secretary shall carry out a program under this section for the preservation and revitalization of multifamily rental housing projects financed under section 514, 515, or 516.</text></subsection><subsection id="H606656D846F949639DC0E0580170918E"><enum>(b)</enum><header>Notice of maturing loans</header><paragraph id="H0DEC167305304414A237663C5F662CFE"><enum>(1)</enum><header>To owners</header><text>On an annual basis, the Secretary shall provide written notice to each owner of a property financed under section 514, 515, or 516 that will mature within the 4-year period beginning upon the provision of the notice, setting forth the options and financial incentives that are available to facilitate the extension of the loan term or the option to decouple a rental assistance contract pursuant to subsection (f).</text></paragraph><paragraph id="H84FA0D7EA9F7488DB5F7E0D5CAFFB08C"><enum>(2)</enum><header>To tenants</header><subparagraph id="HEE058683EDB242F68FF2F16F76E5EC20"><enum>(A)</enum><header>In general</header><text>On an annual basis, for each property financed under section 514, 515, or 516, not later than the date that is 2 years before the date that the loan will mature, the Secretary shall provide written notice to each household residing in the property that informs them of—</text><clause commented="no" display-inline="no-display-inline" id="idb147a582f794471e83d82e700b005268"><enum>(i)</enum><text display-inline="yes-display-inline">the date of the loan maturity;</text></clause><clause commented="no" display-inline="no-display-inline" id="idb6a6ad9edde94ce7ba4190bac31dc54a"><enum>(ii)</enum><text display-inline="yes-display-inline">the possible actions that may happen with respect to the property upon that maturity; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id0131055e171d4eaaa207127fd9bbee9f"><enum>(iii)</enum><text display-inline="yes-display-inline">how to protect their right to reside in federally assisted housing, or how to secure housing voucher, after that maturity.</text></clause></subparagraph><subparagraph id="H817BE57C733C4C19B34481622C85F091"><enum>(B)</enum><header>Language</header><text>Notice under this paragraph shall be provided in plain English and shall be translated to other languages in the case of any property located in an area in which a significant number of residents speak such other languages.</text></subparagraph></paragraph></subsection><subsection id="H9F8DE26846964257AA8B4DF3AE63EEDF"><enum>(c)</enum><header>Loan restructuring</header><text>Under the program under this section, in any circumstance in which the Secretary proposes a restructuring to an owner or an owner proposes a restructuring to the Secretary, the Secretary may restructure such existing housing loans, as the Secretary considers appropriate, for the purpose of ensuring that those projects have sufficient resources to preserve the projects to provide safe and affordable housing for low-income residents and farm laborers, by—</text><paragraph id="HAFC933574BE84021B2A779D9ABB78481"><enum>(1)</enum><text>reducing or eliminating interest;</text></paragraph><paragraph id="H850A6BED645F4514AE7955614CE816A7"><enum>(2)</enum><text>deferring loan payments;</text></paragraph><paragraph id="H029C90DD4B0447D5A8A9E65ED07E3715"><enum>(3)</enum><text>subordinating, reducing, or reamortizing loan debt; </text></paragraph><paragraph id="H01DF3168701544B581B0BA20E2A9DAEB"><enum>(4)</enum><text>providing other financial assistance, including advances, payments, and incentives (including the ability of owners to obtain reasonable returns on investment) required by the Secretary; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id249a650a0f2340f1a2b91059d54737e5"><enum>(5)</enum><text>permanently removing a portion of the housing units from income restrictions when sustained vacancies have occurred.</text></paragraph></subsection><subsection id="H39C7C36AFCD04E0AA7199CBC3358FFA8"><enum>(d)</enum><header>Renewal of rental assistance</header><paragraph id="id7E43A755FCC3419B9B1592B3F206C100"><enum>(1)</enum><header>In general</header><text>When the Secretary proposes to restructure a loan or agrees to the proposal of an owner to restructure a loan pursuant to subsection (c), the Secretary shall offer to renew the rental assistance contract under section 521(a)(2) for a term that is the shorter of 20 years and the term of the restructured loan, subject to annual appropriations, provided that the owner agrees to bring the property up to such standards that will ensure maintenance of the property as decent, safe, and sanitary housing for the full term of the rental assistance contract.</text></paragraph><paragraph id="id5098c964d0474974be8a328a6842ae44"><enum>(2)</enum><header>Additional rental assistance</header><text>With respect to a project described in paragraph (1), if rental assistance is not available for all households in the project for which the loan is being restructured pursuant to subsection (c), the Secretary may extend such additional rental assistance to unassisted households at that project as is necessary to make the project safe and affordable to low-income households. </text></paragraph></subsection><subsection id="H056D7624E6824EADA74EFA3756B4E68B"><enum>(e)</enum><header>Restrictive use agreements</header><paragraph id="H849464363C244449BA22210D54C706C9"><enum>(1)</enum><header>Requirement</header><text>As part of the preservation and revitalization agreement for a project, the Secretary shall obtain a restrictive use agreement that is recorded and obligates the owner to operate the project in accordance with this title.</text></paragraph><paragraph id="HE1ACE512A8E442259C42024D7219BC14"><enum>(2)</enum><header>Term</header><subparagraph id="H2109B98B8D594E899A02D5EEF8E7A972"><enum>(A)</enum><header>No extension of rental assistance contract</header><text>Except when the Secretary enters into a 20-year extension of the rental assistance contract for a project, the term of the restrictive use agreement for the project shall be consistent with the term of the restructured loan for the project.</text></subparagraph><subparagraph id="H2934F6AA1CF649DF8A96D46F130C79B5"><enum>(B)</enum><header>Extension of rental assistance contract</header><text>If the Secretary enters into a 20-year extension of the rental assistance contract for a project, the term of the restrictive use agreement for the project shall be for the longer of—</text><clause commented="no" display-inline="no-display-inline" id="id89f6446e959a49fe8da6a8020e12508e"><enum>(i)</enum><text display-inline="yes-display-inline">20 years; or</text></clause><clause commented="no" display-inline="no-display-inline" id="id2803be405e1f4aa5b2b89783edc09feb"><enum>(ii)</enum><text>the remaining term of the loan for that project.</text></clause></subparagraph><subparagraph id="H88DBA2C8962047918D49D4F09B153E82"><enum>(C)</enum><header>Termination</header><text>The Secretary may terminate the 20-year use restrictive use agreement for a project before the end of the term of the agreement if the 20-year rental assistance contract for the project with the owner is terminated at any time for reasons outside the control of the owner.</text></subparagraph></paragraph></subsection><subsection id="H435DD8406052409993EE1C7EFAE4BFE0"><enum>(f)</enum><header>Decoupling of rental assistance</header><paragraph id="H909965965351425FAEE19D194020101A"><enum>(1)</enum><header>Renewal of rental assistance contract</header><text>If the Secretary determines that a loan maturing during the 4-year period beginning upon the provision of the notice required under subsection (b)(1) for a project cannot reasonably be restructured in accordance with subsection (c) because it is not financially feasible or the owner does not agree with the proposed restructuring, and the project was operating with rental assistance under section 521 and the recipient is a borrower under section 514 or 515, the Secretary may renew the rental assistance contract, notwithstanding any requirement under section 521 that the recipient be a current borrower under section 514 or 515, for a term of 20 years, subject to annual appropriations.</text></paragraph><paragraph id="idA1EED012C2694533B44FFD25255696F7"><enum>(2)</enum><header>Additional rental assistance</header><text>With respect to a project described in paragraph (1), if rental assistance is not available for all households in the project for which the loan is being restructured pursuant to subsection (c), the Secretary may extend such additional rental assistance to unassisted households at that project as is necessary to make the project safe and affordable to low-income households. </text></paragraph><paragraph id="H1086B2E8E2514331BDA88A083C8F9897"><enum>(3)</enum><header>Rents</header><subparagraph id="idD2CB135DA81E4C5A8E27070386287275"><enum>(A)</enum><header>In general</header><text>Any agreement to extend the term of the rental assistance contract under section 521 for a project shall obligate the owner to continue to maintain the project as decent, safe, and sanitary housing and to operate the development as affordable housing in a manner that meets the goals of this title.</text></subparagraph><subparagraph id="id00389CC3E5CD48BA9F321BE074BD63EF"><enum>(B)</enum><header>Rent amounts</header><text>Subject to subparagraph (C), in setting rents, the Secretary—</text><clause id="id8AEB9CCA4B064D81A4ACA4D2DDA55F09"><enum>(i)</enum><text>shall determine the maximum initial rent based on current fair market rents established under section 8 of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref>); and</text></clause><clause id="id2725869FD02C413596AAEB1CC3B1DE62"><enum>(ii)</enum><text>may annually adjust the rent determined under clause (i) by the operating cost adjustment factor as provided under section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note).</text></clause></subparagraph><subparagraph id="id2A055BDC3E7C4C39A821D314BB159FDC"><enum>(C)</enum><header>Higher rent</header><clause id="idFF0F57E76D97455687E9ED8F4F5BF3F0"><enum>(i)</enum><header>In general</header><text>Subparagraph (B) shall not apply if the Secretary determines that the budget-based needs of a project require a higher rent than the rent described in subparagraph (B).</text></clause><clause id="id89FB72E455664E5E8326C78DC8BAD902"><enum>(ii)</enum><header>Rent</header><text>If the Secretary makes a positive determination under clause (i), the Secretary may approve a budget-based rent level for the project. </text></clause></subparagraph></paragraph><paragraph id="id213e91263e85480196d30ad054b6963c"><enum>(4)</enum><header>Conditions for approval</header><text>Before the approval of a rental assistance contract authorized under this section, the Secretary shall require, through an annual notice in the Federal Register, the owner to submit to the Secretary a plan that identifies financing sources and a timetable for renovations and improvements determined to be necessary by the Secretary to maintain and preserve the project. </text></paragraph></subsection><subsection id="H8533DA2FFBE244EEA505314D3CBD8E8C"><enum>(g)</enum><header>Multifamily housing transfer technical assistance</header><text>Under the program under this section, the Secretary may provide grants to qualified nonprofit organizations and public housing agencies to provide technical assistance, including financial and legal services, to borrowers under loans under this title for multifamily housing to facilitate the acquisition or preservation of such multifamily housing properties in areas where the Secretary determines there is a risk of loss of affordable housing.</text></subsection><subsection id="H265824F112C44200B72E8A2F487B1A4C"><enum>(h)</enum><header>Administrative expenses</header><text>Of any amounts made available for the program under this section for any fiscal year, the Secretary may use not more than $1,000,000 for administrative expenses for carrying out such program.</text></subsection><subsection id="id8d692589150446179a75bf2422873b94"><enum>(i)</enum><header>Rulemaking</header><paragraph id="id9CCA6A18209B446582BD4AFE31705289"><enum>(1)</enum><header>In general</header><text>Not later than 180 days after the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title>, the Secretary shall—</text><subparagraph id="id96A542D44C24429A8B44A52E6F85846A"><enum>(A)</enum><text>publish an advance notice of proposed rulemaking; and </text></subparagraph><subparagraph id="idC309801F6E1649AE9DCE8960B98B4253"><enum>(B)</enum><text>consult with appropriate stakeholders. </text></subparagraph></paragraph><paragraph id="idD0878BB40353419FBEBA474195D3411A"><enum>(2)</enum><header>Interim final rule</header><text>Not later than 1 year after the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title>, the Secretary shall publish an interim final rule to carry out this section.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="HA62C52F257534EA7882B5423AD14A0BE"><enum>(f)</enum><header>Rental assistance contract authority</header><text display-inline="yes-display-inline">Section 521(d) of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1490a">42 U.S.C. 1490a(d)</external-xref>), as amended by this section, is amended—</text><paragraph id="HE11738D81A1B466493AEBEA28DB1C33A"><enum>(1)</enum><text>in paragraph (1)—</text><subparagraph id="id66961219218F4B32A67ABF8366E077F9"><enum>(A)</enum><text>by redesignating subparagraphs (B) and (C) as subparagraphs (C) and (D), respectively;</text></subparagraph><subparagraph id="id2FF8E2823A22440FAECE306A096100BE"><enum>(B)</enum><text>by inserting after subparagraph (A) the following:</text><quoted-block style="OLC" id="H0A2CE606F4754E08B4553ED0BD0B4C6F"><subparagraph id="HA0B6D8DAE00D45A5972A87B52D67E57A" indent="up1"><enum>(B)</enum><text>upon request of an owner of a project financed under section 514 or 515, the Secretary is authorized to enter into renewal of such agreements for a period of 20 years or the term of the loan, whichever is shorter, subject to amounts made available in appropriations Acts;</text></subparagraph><after-quoted-block>;</after-quoted-block></quoted-block></subparagraph><subparagraph commented="no" id="id285C3BCB493A47FF9414095C97B523B9"><enum>(C)</enum><text>in subparagraph (C), as so redesignated, by striking <quote>subparagraph (A)</quote> and inserting <quote>subparagraphs (A) and (B)</quote>; and</text></subparagraph><subparagraph commented="no" id="id6AC471783FE44882B41804F61A9A41C4"><enum>(D)</enum><text>in subparagraph (D), as so redesignated, by striking <quote>subparagraphs (A) and (B)</quote> and inserting <quote>subparagraphs (A), (B), and (C)</quote>; </text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1b5e776649b24abf92fcb1488d23a8b1"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (2), by striking <quote>shall</quote> and inserting <quote>may</quote>; and</text></paragraph><paragraph id="HE23978AC3D064FF087263240C84BFA59"><enum>(3)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" id="HFE7485C264AA43FCB14CFC98A0FB2E73"><paragraph id="HD278F2A70BD941B9A65584CE4A7E464C" indent="up1"><enum>(4)</enum><text>In the case of any rental assistance contract authority that becomes available because of the termination of assistance on behalf of an assisted family—</text><subparagraph id="H90A295094402472DAB8DEDEFFFFF8798"><enum>(A)</enum><text>at the option of the owner of the rental project, the Secretary shall provide the owner a period of not more than 6 months before unused assistance is made available pursuant to subparagraph (B) during which the owner may use such authority to provide assistance on behalf of an eligible unassisted family that—</text><clause id="H1FD619D7D2BB4DD78EF10DF495D3FBD9"><enum>(i)</enum><text>is residing in the same rental project in which the assisted family resided before the termination; or</text></clause><clause id="HCBB88071C25A4160BB777C8959DCC79B"><enum>(ii)</enum><text>newly occupies a dwelling unit in the rental project during that 6-month period; and</text></clause></subparagraph><subparagraph id="HF9943ED9EE394A119D9FF4602E280691"><enum>(B)</enum><text>except for assistance used as provided in subparagraph (A), the Secretary shall use such remaining authority to provide assistance on behalf of eligible families residing in other rental projects originally financed under section 514, 515, or 516.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="id612809BED463472A85C21BA72F89E178"><enum>(g)</enum><header>Modifications to loans and grants for minor improvements to farm housing and buildings; income eligibility</header><text display-inline="yes-display-inline">Section 504(a) of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1474">42 U.S.C. 1474(a)</external-xref>) is amended—</text><paragraph id="idda8b77d62beb4e1eadfbff615914c487"><enum>(1)</enum><text>in the first sentence, by inserting <quote>and may make a loan to an eligible low-income applicant</quote> after <quote>applicant</quote>;</text></paragraph><paragraph id="idd54cd9c9b684408582119305adb2f7f3"><enum>(2)</enum><text>by inserting <quote>Not less than 60 percent of loan funds made available under this section shall be reserved and made available for very low-income applicants.</quote> after the first sentence; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id22afb4aececc49d985ae65b8f7bdb040"><enum>(3)</enum><text display-inline="yes-display-inline">by striking <quote>$7,500</quote> and inserting <quote>$15,000</quote>.</text></paragraph></subsection><subsection id="idE77D708A1E294B9E859ADC12160B8E9A"><enum>(h)</enum><header>Rural community development initiative</header><text display-inline="yes-display-inline">Subtitle E of the Consolidated Farm and Rural Development Act (<external-xref legal-doc="usc" parsable-cite="usc/7/2009">7 U.S.C. 2009 et seq.</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id774993F7FB2A474597F52B77FED1FDED"><section id="id378617FA3D34430E820F03461B65DD2A"><enum>381O.</enum><header>Rural community development initiative</header><subsection id="id326DA00EA0804809B429DEDEEF2971CA"><enum>(a)</enum><header>Definitions</header><text>In this section:</text><paragraph id="id02FC3CBFCB4E4A5DBC198F5A636AA3F1"><enum>(1)</enum><header>Eligible entity</header><text>The term <term>eligible entity</term> means—</text><subparagraph id="idCB05F50151754046B7F9CF75B6F8F101"><enum>(A)</enum><text>a private, nonprofit community-based housing or community development organization;</text></subparagraph><subparagraph id="id2D65CB7C19074292AB02D42BE8C0DEA7"><enum>(B)</enum><text>a rural community; or</text></subparagraph><subparagraph id="id977844856D6A45B69244BB71593DE251"><enum>(C)</enum><text>a federally recognized Indian tribe.</text></subparagraph></paragraph><paragraph id="idF375979D1CBA4DE693B028181DA3D25F"><enum>(2)</enum><header>Eligible intermediary</header><text>The term <term>eligible intermediary</term> means a qualified—</text><subparagraph id="idF773600A8E66407D9AC21AD6C26A7B7A"><enum>(A)</enum><text>private, nonprofit organization; or </text></subparagraph><subparagraph id="id2A40C37EC2B545969B165CA7132FE168"><enum>(B)</enum><text>public organization.</text></subparagraph></paragraph></subsection><subsection id="id22C54AB8D3154966A668DB643427F65A"><enum>(b)</enum><header>Establishment</header><text>The Secretary shall establish a Rural Community Development Initiative, under which the Secretary shall provide grants, subject to the availability of appropriations, to eligible intermediaries to carry out programs to provide financial and technical assistance to eligible entities to develop the capacity and ability of eligible entities to carry out projects to improve housing, community facilities, and community and economic development projects in rural areas.</text></subsection><subsection commented="no" display-inline="no-display-inline" id="id436B9C0988C84AB4804DABEB12E5B1EE"><enum>(c)</enum><header display-inline="yes-display-inline">Amount of grants</header><text>The amount of a grant provided to an eligible intermediary under this section shall be not more than $500,000.</text></subsection><subsection id="idF7EB4314F26C400184691AFDC822F3F7"><enum>(d)</enum><header>Matching funds</header><paragraph id="id5D06709F7432458D83877DBCFA20757F"><enum>(1)</enum><header>In general</header><text>An eligible intermediary receiving a grant under this section shall provide matching funds from other sources, including Federal funds for related activities, in an amount not less than the amount of the grant.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7C526E46E4914B29965B59810EFE5D03"><enum>(2)</enum><header>Waiver</header><text>The Secretary may waive paragraph (1) with respect to a project that would be carried out in a persistently poor rural region, as determined by the Secretary.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id07228C40F7074CA787B39A91B1D3A377"><enum>(i)</enum><header>Annual report on rural housing programs</header><text display-inline="yes-display-inline">Title V of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1471">42 U.S.C. 1471 et seq.</external-xref>), as amended by this section, is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idD1278EFD068A4910A0481FEBBDC48642"><section id="id276104C6878241E5B8AF2E7A9BC1682B"><enum>546.</enum><header>Annual report</header><subsection commented="no" display-inline="no-display-inline" id="id0c710f583a1647ac86ce02c6bece908e"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary shall submit to the appropriate committees of Congress and publish on the website of the Department of Agriculture an annual report on rural housing programs carried out under this title, which shall include significant details on the health of Rural Housing Service programs, including—</text><paragraph commented="no" display-inline="no-display-inline" id="id1b0938df376b43dd9ec3d4fdfc58cfc6"><enum>(1)</enum><text display-inline="yes-display-inline">raw data sortable by programs and by region regarding loan performance;</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id76361b44754e4c459f2a2a3bdf98254e"><enum>(2)</enum><text display-inline="yes-display-inline">the housing stock of those programs, including information on why properties end participation in those programs, such as for maturation, prepayment, foreclosure, or other servicing issues; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6e7ba37749cd4b47a4be1864b19133c7"><enum>(3)</enum><text display-inline="yes-display-inline">risk ratings for properties assisted under those programs.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id898d0a09f453477da6671d2742cc6930"><enum>(b)</enum><header>Protection of information</header><text display-inline="yes-display-inline">The data included in each report required under subsection (a) may be aggregated or anonymized to protect participant financial or personal information.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="idade02d918c4644c6997bbd594167aac8"><enum>(j)</enum><header>GAO report on Rural Housing Service technology</header><text display-inline="yes-display-inline">Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report that includes—</text><paragraph commented="no" display-inline="no-display-inline" id="id96d27a73c556463db6d9149dbdcb75ba"><enum>(1)</enum><text display-inline="yes-display-inline">an analysis of how the outdated technology used by the Rural Housing Service impacts participants in the programs of the Rural Housing Service;</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id2db091ef497e4f47b62ec6e1e5ea6d1e"><enum>(2)</enum><text>an estimate of the amount of funding that is needed to modernize the technology used by the Rural Housing Service; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id4a9ce3894c9b47909349695c4dbee385"><enum>(3)</enum><text>an estimate of the number and type of new employees the Rural Housing Service needs to modernize the technology used by the Rural Housing Service.</text></paragraph></subsection><subsection id="id763C2CA84C40412D8CDF46A288909E58"><enum>(k)</enum><header>Adjustment to rural development voucher amount</header><paragraph id="id9222507d219d48b8ba106e274a8f9ae5"><enum>(1)</enum><header>In general</header><text>Not later than 2 years after the date of enactment of this Act, the Secretary of Agriculture shall issue regulations to establish a process for adjusting the voucher amount provided under section 542 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1490r">42 U.S.C. 1490r</external-xref>) after the issuance of the voucher following an interim or annual review of the amount of the voucher.</text></paragraph><paragraph id="idd9d82a77c7eb4df79f8fa75ae5252cfb"><enum>(2)</enum><header>Interim review</header><text>The interim review described in paragraph (1) shall, at the request of a tenant, allow for a recalculation of the voucher amount when the tenant experiences a reduction in income, change in family composition, or change in rental rate.</text></paragraph><paragraph id="idcdfdd13e06f5444e8149344ab3cb6473"><enum>(3)</enum><header>Annual review</header><subparagraph id="idb44d47929a414df6a38ef739e6d59156"><enum>(A)</enum><header>In general</header><text>The annual review described in paragraph (1) shall require tenants to annually recertify the family composition of the household and that the family income of the household does not exceed 80 percent of the area median income at a time determined by the Secretary of Agriculture.</text></subparagraph><subparagraph id="iddfe6b43dc193480a84183f40828ea4af"><enum>(B)</enum><header>Considerations</header><text>If a tenant does not recertify the family composition and family income of the household within the time frame required under subparagraph (A), the Secretary of Agriculture—</text><clause id="iddd7061dd196f49dea6152e0425bc24ac"><enum>(i)</enum><text>shall consider whether extenuating circumstances caused the delay in recertification; and</text></clause><clause id="id6106cd3dc5f946b4999e1c659d099aa0"><enum>(ii)</enum><text>may alter associated consequences for the failure to recertify based on those circumstances.</text></clause></subparagraph><subparagraph id="idda62261b0dd94436abf417f37c141d76"><enum>(C)</enum><header>Effective date</header><text>Following the annual review of a voucher under paragraph (1), the updated voucher amount shall be effective on the 1st day of the month following the expiration of the voucher.</text></subparagraph></paragraph><paragraph id="id52d730a0b6674afd9f52414637e08cd2"><enum>(4)</enum><header>Deadline</header><text>The process established under paragraph (1) shall require the Secretary of Agriculture to review and update the voucher amount described in paragraph (1) for a tenant not later than 60 days before the end of the voucher term. </text></paragraph></subsection><subsection id="HD9B81E5AB0DC4960B68C62AC7143323F"><enum>(l)</enum><header>Eligibility for rural housing vouchers</header><text display-inline="yes-display-inline">Section 542 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1490r">42 U.S.C. 1490r</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" id="H3202F371FEED472B8B484A4D75CB9C3C"><subsection id="H6EDFEAE2A408493EA1A37DBC73B50E1B"><enum>(c)</enum><header>Eligibility of households in sections 514, 515, and 516 projects</header><text display-inline="yes-display-inline">The Secretary may provide rural housing vouchers under this section for any low-income household (including those not receiving rental assistance) residing for a term longer than the remaining term of their lease that is in effect on the date of prepayment, foreclosure, or mortgage maturity, in a property financed with a loan under section 514 or 515 or a grant under section 516 that has—</text><paragraph id="id99B02A54DBF54CE280085BDDBDEBB512"><enum>(1)</enum><text display-inline="yes-display-inline">been prepaid with or without restrictions imposed by the Secretary pursuant to section 502(c)(5)(G)(ii)(I);</text></paragraph><paragraph id="id0BFAE2D472C24522985BD6E7C9082A05"><enum>(2)</enum><text display-inline="yes-display-inline">been foreclosed; or </text></paragraph><paragraph id="id877E6A157CF84345AB2B9C82961E8D36"><enum>(3)</enum><text display-inline="yes-display-inline">matured after September 30, 2005.</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="H553534A7FA8649E88F643A67A86D35E5"><enum>(m)</enum><header>Amount of voucher assistance</header><text display-inline="yes-display-inline">Notwithstanding any other provision of law, in the case of any rural housing voucher provided pursuant to section 542 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1490r">42 U.S.C. 1490r</external-xref>), the amount of the monthly assistance payment for the household on whose behalf the assistance is provided shall be determined as provided in subsection (a) of such section 542, including providing for interim and annual review of the voucher amount in the event of a change in household composition or income or rental rate. </text></subsection><subsection id="id28aabdc47aa74c2fbe895c5e28fabdba"><enum>(n)</enum><header>Transfer of multifamily rural housing projects</header><text display-inline="yes-display-inline">Section 515 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1485">42 U.S.C. 1485</external-xref>) is amended—</text><paragraph commented="no" display-inline="no-display-inline" id="idd5e7b17e7b464fb2a57732fc44043d25"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (h), by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id0E29CD290EF94C45B88CD972917FABF0"><paragraph id="id08f38dd505044d5ea3d47c980324ca21"><enum>(3)</enum><header>Transfer to nonprofit organizations</header><text>A nonprofit or public body purchaser, including a limited partnership with a general partner with the principal purpose of providing affordable housing, may purchase a property for which a loan is made or insured under this section that has received a market value appraisal, without addressing rehabilitation needs at the time of purchase, if the purchaser—</text><subparagraph commented="no" display-inline="no-display-inline" id="id9a6788fa0ba5415cb8bd00ecccf63550"><enum>(A)</enum><text display-inline="yes-display-inline">makes a commitment to address rehabilitation needs during ownership and long-term use restrictions on the property; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8e5472c5ad4a412da67f315e19813d06"><enum>(B)</enum><text>at the time of purchase, accepts long-term use restrictions on the property.</text></subparagraph></paragraph><after-quoted-block>; and</after-quoted-block></quoted-block></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ide909e6ad3a934fed8b459030a7777f37"><enum>(2)</enum><text>in subsection (w)(1), in the first sentence in the matter preceding subparagraph (A), by striking <quote>9 percent</quote> and inserting <quote>25 percent</quote>.</text></paragraph></subsection><subsection id="id7e3ce877040f4844b9ba2ede9cf27935"><enum>(o)</enum><header>Extension of loan term</header><paragraph commented="no" display-inline="no-display-inline" id="id18f0d788811c45fab00101b293eca1a0"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Section 502(a)(2) of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1472">42 U.S.C. 1472(a)(2)</external-xref>) is amended—</text><subparagraph commented="no" display-inline="no-display-inline" id="idb75385c247444f47bd4a29964206a700"><enum>(A)</enum><text display-inline="yes-display-inline">by inserting <quote>(A)</quote> before <quote>The Secretary</quote>;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idbf0f7156b19543219092cd929d82be55"><enum>(B)</enum><text>in subparagraph (A), as so designated, by striking <quote>paragraph</quote> and inserting <quote>subparagraph</quote>; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id195a9f3244e84843a7c472d150ae06f9"><enum>(C)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idED75037F30884735AAED471C3F12656D"><subparagraph commented="no" display-inline="no-display-inline" id="id72ea2e45817f468999d4684e10646663" indent="up1"><enum>(B)</enum><text display-inline="yes-display-inline">The Secretary may refinance or modify the period of any loan, including any refinanced loan, made under this section in accordance with terms and conditions as the Secretary shall prescribe, but in no event shall the total term of the loan from the date of the refinance or modification exceed 40 years.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ide984c3de95eb41b28c12f703a81f06ee"><enum>(2)</enum><header>Application</header><text display-inline="yes-display-inline">The amendment made under paragraph (1) shall apply with respect to loans made under section 502 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1472">42 U.S.C. 1472</external-xref>) before, on, or after the date of enactment of this Act.</text></paragraph></subsection><subsection id="id6d4891e8db6e49118550c1e520427127"><enum>(p)</enum><header>Release of liability for section 502 guaranteed borrower upon assumption of original loan by new borrower</header><text display-inline="yes-display-inline">Section 502(h) of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1472">42 U.S.C. 1472(h)</external-xref>) is amended—</text><paragraph commented="no" display-inline="no-display-inline" id="id03045b47e53f4d4781c3861d5a902430"><enum>(1)</enum><text display-inline="yes-display-inline">by striking paragraph (10) and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id0bb3723968e841b4bdc2582e3a2d813c"><paragraph id="id272d0c1020a546ebacc5fdb3c9a342bd"><enum>(10)</enum><header>Transfer and assumption</header><text>Upon the transfer of property for which a guaranteed loan under this subsection was made and the assumption of the guaranteed loan by an approved eligible borrower, the original borrower of a guaranteed loan under this subsection shall be relieved of liability with respect to the loan.</text></paragraph><after-quoted-block>;</after-quoted-block></quoted-block></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idace774c30aa741ed92c6a806128e840c"><enum>(2)</enum><text>by redesignating paragraph (16) as paragraph (17); and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id33bacd03f62347528c9c3db6aac98b75"><enum>(3)</enum><text>by inserting after paragraph (15) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id8636ad251a854473b3cf53557a5102d9"><paragraph id="id82b556de472a45f2a01c627df8ee98e7"><enum>(16)</enum><header>Fee</header><subparagraph commented="no" display-inline="no-display-inline" id="idb2ad4fca72cd46ba91a6949ea0d5bf39"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text>The mortgagee may charge an assuming borrower a reasonable and customary processing fee for an assumption request made under this subsection. </text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idcf54855cc4ce4f2a8935ef0725e03e5a"><enum>(B)</enum><header>Maximum fee</header><text display-inline="yes-display-inline">The Secretary shall set a maximum allowable fee described in subparagraph (A), which may be indexed for inflation.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="id5224F7F6BAAD4E20AA3B99074608A44D"><enum>(q)</enum><header>Department of Agriculture loan restrictions</header><paragraph id="id6890E6413ADF4A62996292C107A0022E"><enum>(1)</enum><header>Definitions</header><text>In this subsection, the terms <term>State</term> and <term>tribal organization</term> have the meanings given those terms in section 658P of the Child Care and Development Block Grant Act of 1990 (<external-xref legal-doc="usc" parsable-cite="usc/42/9858n">42 U.S.C. 9858n</external-xref>).</text></paragraph><paragraph id="id9FC63FA3BC6A4B6AB6A3E8D36E7C45D2"><enum>(2)</enum><header>Revision</header><text display-inline="yes-display-inline">The Secretary of Agriculture shall revise section 3555.102(c) of title 7, Code of Federal Regulations, to exclude from the restriction under that section—</text><subparagraph id="id1177A01BD0F34654B9095FBAB55FDB62"><enum>(A)</enum><text display-inline="yes-display-inline">a home-based business that is a licensed, registered, or regulated child care provider under State law or by a tribal organization; and</text></subparagraph><subparagraph id="id35497A732B3E4531B3394C053203901A"><enum>(B)</enum><text display-inline="yes-display-inline">an applicant that has applied to become a licensed, registered or regulated child care provider under State law or by a tribal organization.</text></subparagraph></paragraph></subsection><subsection id="idfed26409e01f4054bb8b0627e8bd0237"><enum>(r)</enum><header>Loan guarantees</header><text display-inline="yes-display-inline">Section 502(h)(4) of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1472">42 U.S.C. 1472(h)(4)</external-xref>) is amended—</text><paragraph id="id913a0c0417174a5eb173bd5745b67215"><enum>(1)</enum><text>by redesignating subparagraphs (A), (B), and (C) as clauses (i), (ii), and (iii), respectively, and adjusting the margins accordingly;</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7ebffc071c324124a4db7d59ddb4127b"><enum>(2)</enum><text display-inline="yes-display-inline">by striking <quote>Loans may be guaranteed</quote> and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idFB46E4ACD3574F0891C63BE1466D6EEA"><subparagraph id="id8B39A5C5C2134736A2CB4AAAA0624CED"><enum>(A)</enum><header>Definition</header><text>In this paragraph, the term <term>accessory dwelling unit</term> means a single, habitable living unit—</text><clause id="idD39BADA5BA384B73B0812B523DD3F2FD"><enum>(i)</enum><text>with means of separate ingress and egress;</text></clause><clause id="id3996BC6C48864AE7BC77F2357D48BFE2"><enum>(ii)</enum><text>that is usually subordinate in size;</text></clause><clause id="idAC096A261A2B4AA69CA7FFC1ABC0CC05"><enum>(iii)</enum><text>that can be added to, created within, or detached from a primary 1-unit, single-family dwelling; and</text></clause><clause id="id489F2EC6817C4A4694117B03AB951EB0"><enum>(iv)</enum><text>in combination with a primary 1-unit, single family dwelling, constitutes a single interest in real estate.</text></clause></subparagraph><subparagraph id="idC171D4352D964C94AB0EA48ECC79D997"><enum>(B)</enum><header>Single family requirement</header><text>Loans may be guaranteed</text></subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block></paragraph><paragraph id="id2F5700A08B1C41158A92F0CE3C216E9A"><enum>(3)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id7C814CBA8EEE48CCA3620845D3D8C1B3"><subparagraph id="id0CAF87759EAA4003A0B4D1DC79B98988"><enum>(C)</enum><header>Rule of construction</header><text>Nothing in this paragraph shall be construed to prohibit the leasing of an accessory dwelling unit or the use of rental income derived from such a lease to qualify for a loan guaranteed under this subsection—</text><clause id="id5C11EA7004614572A31D9399A0538BF8"><enum>(i)</enum><text>after the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title>; and</text></clause><clause id="id19FDE3D25C6D48C2968C3F1B3E808A67"><enum>(ii)</enum><text>if the property that is the subject of the loan was constructed before the date of enactment of the <short-title>21st Century ROAD to Housing Act</short-title>.</text></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="idca833af1e7ab43cab79870d7e8bc99b4"><enum>(s)</enum><header>Application review</header><paragraph id="idaaaec752663d4f93850242c95fc94278"><enum>(1)</enum><header>Sense of Congress</header><text>It is the sense of Congress, not later than 90 days after the date on which the Secretary of Agriculture receives an application for a loan, grant, or combined loan and grant under section 502 or 504 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1472">42 U.S.C. 1472</external-xref>, 1474), the Secretary of Agriculture should—</text><subparagraph id="idF9C2E3B0BCF9404F807C5F0D735EEE6A"><enum>(A)</enum><text>review the application;</text></subparagraph><subparagraph id="id716FACDC8DA34AF28BA6DD45E39189AA"><enum>(B)</enum><text>complete the underwriting;</text></subparagraph><subparagraph id="idF388C796F4014BE0AA2A5F4715207100"><enum>(C)</enum><text>make a determination of eligibility with respect to the application; and</text></subparagraph><subparagraph id="id2A6FB50603B64512B2201C556553161D"><enum>(D)</enum><text>notify the applicant of determination.</text></subparagraph></paragraph><paragraph id="idBD23FEE1DF46432C826974FB6041993E"><enum>(2)</enum><header>Report</header><subparagraph id="id19A78ED9AB63432A9EF07644FA8EE6B6"><enum>(A)</enum><header>In general</header><text>Not later than 90 days after the date of enactment of this Act, and annually thereafter until the date described in subparagraph (B), the Secretary of Agriculture shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report—</text><clause id="id87B70924801B449DB99DBAE48AE20208"><enum>(i)</enum><text>detailing the timeliness of eligibility determinations and final determinations with respect to applications under sections 502 and 504 of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1472">42 U.S.C. 1472</external-xref>, 1474), including justifications for any eligibility determinations taking longer than 90 days; and</text></clause><clause id="id3953DA6A03724F8B958A747B45EDDC81"><enum>(ii)</enum><text>that includes recommendations to shorten the timeline for notifications of eligibility determinations described in clause (i) to not more than 90 days.</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idDE47EE21BF9E4FF29F1B4F92FA408905"><enum>(B)</enum><header>Date described</header><text>The date described in this subparagraph is the date on which, during the preceding 5-year period, the Secretary of Agriculture provides each eligibility determination described in subparagraph (A) during the 90-day period beginning on the date on which each application is received.</text></subparagraph></paragraph></subsection></section><section id="id3030819278784fa0b018494d6c5bc9d7"><enum>504.</enum><header>New Moving to Work cohort</header><subsection commented="no" display-inline="no-display-inline" id="idfc7716c7d7254ae3abc5f4344a3f1fbd"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text>In this section:</text><paragraph commented="no" display-inline="no-display-inline" id="ida23cc822cffa4629985607166d5fa69a"><enum>(1)</enum><header>Moving to work demonstration</header><text>The term <term>Moving to Work demonstration</term> means the Moving to Work demonstration authorized under section 204 of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6407618805a2496eac145ff0dc9ef78a"><enum>(2)</enum><header>Secretary</header><text display-inline="yes-display-inline">The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></paragraph></subsection><subsection id="idf35c2701269d4cb2baf3c7c4971760fc"><enum>(b)</enum><header>Authorization of additional public housing agencies</header><paragraph commented="no" display-inline="no-display-inline" id="id88a89fd42fda4a09ab01b968986e6c25"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">After the completion of the initial report required under subsection (h)(2), the Secretary may add up to an additional 25 public housing agencies that are designated as high performing agencies under the Public Housing Assessment System or the Section 8 Management Assessment Program to participate in a new cohort as part of the Moving to Work demonstration.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id0ee02b8035b0491c9fc2ed2a849cd836"><enum>(2)</enum><header>Name</header><text display-inline="yes-display-inline">The new cohort authorized under paragraph (1) shall be entitled the <quote>Economic Opportunity and Pathways to Independence Cohort</quote>.</text></paragraph></subsection><subsection commented="no" id="idb73cde50e3934509acf0248810d2c31f"><enum>(c)</enum><header>Waiver authority</header><paragraph commented="no" display-inline="no-display-inline" id="idcafb1a847dde4244a2a8f74a71f71e24"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">Subject to this subsection, the authority of the Secretary to grant waivers to agencies admitted to the Moving to Work demonstration under this section or to designate policy changes as part of a cohort design under this section shall be limited to the Moving to Work waivers codified as of January 2025 in Appendix I of the document of the Department of Housing and Urban Development entitled <quote>Operations Notice for the Expansion of the Moving to Work Demonstration Program</quote> (FR–5994–N–05) published in the Federal Register on August 28, 2020, as amended by the notice entitled <quote>Operations Notice for Expansion of the Moving to Work Demonstration Program Technical Revisions</quote> (FR–5994–N–06) published in the Federal Register on March 20, 2025.</text></paragraph><paragraph id="id573a3e2631934954a18ad66c041780dd"><enum>(2)</enum><header>Modifications</header><text>The Secretary may not waive the safe harbor requirements that apply to the Moving to Work waivers described in paragraph (1) or modify those waivers in any other way for the purposes of the new cohort under this section.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id06f2c1540d544ab5ad9492e349512fbb"><enum>(3)</enum><header>Exceptions</header><subparagraph commented="no" display-inline="no-display-inline" id="id7c9e95d586cb4141b0b95819a8f05350"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Under paragraph (1), the Secretary may not grant waiver 1c, 1d, 1e, 1f, 1k, 1l, 1o, 1p, 1q, 6, 7, 9a, 9h, or 12 in the document described in paragraph (1), including modifications of or safe harbor requirement waivers for such waivers. </text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id6a3f6e6f9026487388216042e521d3ae"><enum>(B)</enum><header>Specific wavers</header><text display-inline="yes-display-inline">If the Secretary grants waiver 10 or 11 in the document described in paragraph (1), resident participation in any program administered pursuant to those waivers shall be optional for purposes of the new cohort under this section.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idc6c1c0ffd6ab43618686cfd93478163e"><enum>(4)</enum><header>Policy options</header><text display-inline="yes-display-inline">In carrying out the Moving to Work demonstration cohort established under this section, the Secretary may consider policy options to provide opt-out savings or escrow accounts and report positive rental payments to consumer reporting agencies (as defined in section 603 of the Fair Credit Reporting Act (<external-xref legal-doc="usc" parsable-cite="usc/15/1681a">15 U.S.C. 1681a</external-xref>)) with resident consent.</text></paragraph></subsection><subsection id="id1747ef2c805345868830bec6363e71b0"><enum>(d)</enum><header>Funding and use of funds</header><paragraph commented="no" display-inline="no-display-inline" id="ida08c7df104074b4aa5757d3fd7f1f840"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">Public housing agencies in the cohort authorized under this section may expend not more than 5 percent of the amounts those public housing agencies receive in any fiscal year for housing assistance payments under section 8(o) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f(o)</external-xref>) for purposes other than such housing assistance payments.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id32346fdc1aad43e5bf7055f8c4afca8d"><enum>(2)</enum><header>Other uses</header><text display-inline="yes-display-inline">Such other uses of amounts described in paragraph (1) shall comply with all other applicable requirements.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idd5a89e8a9c7a421bbf8eafe8025c1a12"><enum>(3)</enum><header>Formula</header><subparagraph commented="no" display-inline="no-display-inline" id="idad2c8e33e3bc43d2a807975c8de1ee3e"><enum>(A)</enum><header>Renewal</header><text display-inline="yes-display-inline">The amount of funding public housing agencies receive for renewal of housing assistance payments under section 8(o) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f(o)</external-xref>) shall be determined according to the same funding formula applicable to public housing agencies that do not participate in the Moving to Work demonstration, except that the Secretary shall provide public housing agencies funding to renew any funds expended under this subsection, with an adjustment for inflation.</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id474c04b93d02466c80d41c1d681dd400"><enum>(B)</enum><header>Administrative fees</header><text display-inline="yes-display-inline">The amount of funding public housing agencies receive for administrative fees under section 8(q) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f(q)</external-xref>), public housing operating subsidies under section 9(e) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437g">42 U.S.C. 1437g(e)</external-xref>), and public housing capital funding under section 9(d) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437g">42 U.S.C. 1437g(d)</external-xref>) shall be determined according to the same funding formula applicable to public housing agencies that do not participate in the Moving to Work demonstration.</text></subparagraph></paragraph></subsection><subsection id="idfb315c1db1e244cf8f82d13b3863834f"><enum>(e)</enum><header>Selection requirements</header><text>The Secretary shall select public housing agencies designated under this section through a competitive process, as determined by the Secretary, with the following parameters:</text><paragraph id="idc4096ac2d8c5492ebd5792ae0a166ea2"><enum>(1)</enum><text>No public housing agency shall be granted this designation under this section that administers more than 27,000 aggregate housing vouchers and public housing units.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idfb0408d60080459182e5311ffc83a902"><enum>(2)</enum><text display-inline="yes-display-inline">Of the public housing agencies selected under this section, not more than 12 shall administer 1,000 or fewer aggregate housing vouchers and public housing units, not more than 8 shall administer between 1,001 and 6,000 aggregate housing vouchers and public housing units, and not more than 5 shall administer between 6,001 and 27,000 aggregate housing vouchers and public housing units.</text></paragraph><paragraph id="id95dd1e95e1bc42e1aa2ad6f7d0bb9de5"><enum>(3)</enum><text>Selection of public housing agencies under this section shall be based on ensuring the geographic diversity of Moving to Work demonstration public housing agencies.</text></paragraph><paragraph id="id7e211a465371479b9d581dcc87b0f6e0"><enum>(4)</enum><text>Within the requirements under paragraphs (1) through (3), the Secretary shall prioritize selecting public housing agencies that serve families with children and youth aging out of foster care at a rate above the national average.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ide4b61b4cdc1a491485a27daf07a0de79"><enum>(f)</enum><header>Requirements for selected public housing agencies</header><text>Consistent with section 204(c)(3) of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note), public housing agencies selected for the Moving to Work demonstration under this section shall—</text><paragraph id="id1ee70813f1584695ad3d689d402a04c9"><enum>(1)</enum><text>ensure that not less than 75 percent of the families assisted are very low-income families, as defined in section 3(b)(2)(B) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437a">42 U.S.C. 1437a(b)(2)(B)</external-xref>);</text></paragraph><paragraph id="id7892b53f3aa04249bae01e3408fec1a8"><enum>(2)</enum><text>establish a reasonable rent policy, which shall be designed to encourage employment and self-sufficiency by participating families, consistent with the purpose of the Moving to Work demonstration, such as by excluding some or all of a family’s earned income for purposes of determining rent;</text></paragraph><paragraph id="id96c52aefdfd8425a9456b2245932be6d"><enum>(3)</enum><text>continue to assist substantially the same total number of eligible low-income families as would have been served had the amounts not been combined;</text></paragraph><paragraph id="id8fc9375fa05b4e1bae72f0fe5a950736"><enum>(4)</enum><text>maintain a comparable mix of families (by family size) as would have been provided had the amounts not been used under the Moving to Work demonstration; and</text></paragraph><paragraph id="idc217dd4c3e9b4dc3a5c615be75d8ea62"><enum>(5)</enum><text>assure that housing assisted under the Moving to Work demonstration meets housing quality standards established or approved by the Secretary.</text></paragraph></subsection><subsection id="id958be53cc5104ee4bfcea7ef874dcc42"><enum>(g)</enum><header>Noncompliance</header><paragraph commented="no" display-inline="no-display-inline" id="id5f0259737b40458cb74211b6086c58a0"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">If the Secretary finds that a public housing agency participating in the cohort authorized under this section is not in compliance with the requirements under this section, the Secretary shall make a determination of noncompliance.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idfb04cfd8c9af4b64a53fdbfca05ce2bd"><enum>(2)</enum><header>Compliance</header><text display-inline="yes-display-inline">Upon making a determination under paragraph (1), the Secretary shall develop a process to bring the public housing agency into compliance.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idfb6205d74b2e4e5794b8040e471405e0"><enum>(3)</enum><header>Removal</header><text display-inline="yes-display-inline">If a public housing agency cannot be brought into compliance under the process developed under paragraph (2), the Secretary shall remove the participating public housing agency from the cohort and replace it with a similarly qualified public housing agency currently not in the cohort chosen in the manner described in subsection (e).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id0f256e3f7127426988b382f9e6396f70"><enum>(4)</enum><header>Notification</header><text display-inline="yes-display-inline">Upon removing a public housing agency under paragraph (3), the Secretary shall immediately submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives—</text><subparagraph commented="no" display-inline="no-display-inline" id="id071c5928d62246a4a7fa3151150a4302"><enum>(A)</enum><text display-inline="yes-display-inline">a notification of the removal; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8f6f3c131e754e54a5867aa5b4516637"><enum>(B)</enum><text display-inline="yes-display-inline">a report on the active steps the Secretary is taking to replace the public housing agency with a new public housing agency.</text></subparagraph></paragraph></subsection><subsection id="id9b51e2e1627346b3af737b23452bfd55"><enum>(h)</enum><header>Comprehensive Moving to Work reporting and oversight requirements</header><paragraph id="ide7de6a5b2a3d4692a17219c7ea77c9eb"><enum>(1)</enum><header>Cohort research</header><subparagraph id="idc9f89c3e0b1d46369cd0042b9b2b36a2"><enum>(A)</enum><header>In general</header><text>The Secretary shall continue ongoing research investigations commenced as part of the assessment of the cohorts established under section 239 of the Department of Housing and Urban Development Appropriations Act, 2016 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note; <external-xref legal-doc="public-law" parsable-cite="pl/114/113">Public Law 114–113</external-xref>), make public all products completed as part of those investigations, and keep such products online for at least 5 years.</text></subparagraph><subparagraph id="idb604d58d45ef40b39fd59eaff0722ece"><enum>(B)</enum><header>Coordination</header><text>The Secretary shall coordinate with the advisory committee established under section 239 of the Department of Housing and Urban Development Appropriations Act, 2016 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note; <external-xref legal-doc="public-law" parsable-cite="pl/114/113">Public Law 114–113</external-xref>) to establish a research program to evaluate the outcomes and efficacy of the following for all Moving to Work demonstration agencies designated under the authority under such section and this section:</text><clause id="id0ed6e26fe9a249d2b517df668309c078"><enum>(i)</enum><text>The waivers granted to each cohort and whether those waivers accomplish the goals of achieving greater cost effectiveness and administrative capacity, incentivizing families to become economically self-sufficient, and increasing housing choice.</text></clause><clause id="id5205a5adab0e4d5fad0afec7dd96228a"><enum>(ii)</enum><text>The additional flexibilities granted to individual public housing agencies under each cohort.</text></clause><clause id="id734e001062be4d358c3bb87ed51a6788"><enum>(iii)</enum><text>How the flexibilities described in clause (ii) were used for local, non-traditional activities.</text></clause></subparagraph></paragraph><paragraph id="id087b007bfe9443028a687b47659acab7"><enum>(2)</enum><header>Comprehensive reporting requirement</header><text>Not later than 180 days after the date of enactment of this Act, and annually thereafter, the Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that contains the following for each Moving to Work demonstration cohort under section 204 of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note), section 239 of the Department of Housing and Urban Development Appropriations Act, 2016 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note; <external-xref legal-doc="public-law" parsable-cite="pl/114/113">Public Law 114–113</external-xref>), and this section:</text><subparagraph id="idce35fc6747b543b79b1c5b5fcd21a3a3"><enum>(A)</enum><text>The annual administrative plans of each Moving to Work demonstration public housing agency.</text></subparagraph><subparagraph id="id800f296faa0a49adbef548a27daa0340"><enum>(B)</enum><text>Assessments of longitudinal data, including data on units, households, and outcomes, which shall be evaluated to compare changes in the following trends before and after Moving to Work demonstration designation:</text><clause id="ida722ff46172f417f8d9cce1559bdc567"><enum>(i)</enum><text>Impacts on tenants based on the following, disaggregated by the public housing program and the housing choice voucher program:</text><subclause id="id428db7df04b14b28a2c9baf3984d5e2b"><enum>(I)</enum><text>Eviction rates.</text></subclause><subclause id="id04d48693da934c5d8675315222359f1a"><enum>(II)</enum><text>Hardship policy usage.</text></subclause><subclause id="id4b9a0c3865ef40998fc9f7bdd4edea2f"><enum>(III)</enum><text>Share of rent covered by a household.</text></subclause><subclause id="id0859ae7eb6054fa6aafb14ebfcd585d6"><enum>(IV)</enum><text>Turnover, including the number of household moves with or without continued assistance.</text></subclause><subclause id="idafe29490299644f3afc611903cc54112"><enum>(V)</enum><text>Reasons for exit from the program.</text></subclause><subclause id="id76fb1f1a670e4beda1b141887e73fd4f"><enum>(VI)</enum><text>The number and characteristics of households served, including households with a non-elderly family member with a disability, households with 3 or more minors, homelessness status at the time of admission, and average and median income as a percent of area median income.</text></subclause></clause><clause id="id7715ceaaf7d648788fef8f74447779a4"><enum>(ii)</enum><text>Impacts on public housing agency operations based on the following:</text><subclause id="id7189ff9d261d4302afa3ad13fb1b4b3f"><enum>(I)</enum><text>The number of units, broken down by type.</text></subclause><subclause id="id31728881efda4697b5746cc167026df8"><enum>(II)</enum><text>The size, including the number of bedrooms per unit, accessibility, affordability, and quality of units.</text></subclause><subclause id="idf9b0c62092d8454a8c4f044fecb2a5b6"><enum>(III)</enum><text>The length of each waitlist maintained and average wait times.</text></subclause><subclause id="ida6e30d22c58e4a98a294ddbef9c09a2f"><enum>(IV)</enum><text>Changes in capital backlog needs and surplus fund and reserve levels.</text></subclause><subclause id="id33318f35c86d49dda1590b0b04f5d428"><enum>(V)</enum><text>The number of public housing units undergoing a conversion under the rental assistance demonstration program authorized under the Department of Housing and Urban Development Appropriations Act, 2012 (<external-xref legal-doc="public-law" parsable-cite="pl/112/55">Public Law 112–55</external-xref>; 125 Stat. 673) or demolition or disposition projects under section 18 of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437p">42 U.S.C. 1437p</external-xref>), including the number of units lost and the location of any replacement housing resulting from demolition or disposition.</text></subclause><subclause id="id4b6fa07d86744196b0770464913a231b"><enum>(VI)</enum><text>The share of project-based vouchers compared to tenant-based vouchers.</text></subclause><subclause id="iddeeae9fc6305420ca8bbe77b14b1ad2f"><enum>(VII)</enum><text>The following annual housing choice voucher data:</text><item id="id79114419a8574d07bbbe977623338a08"><enum>(aa)</enum><text>Voucher unit utilization rates.</text></item><item id="ide1deb7de7e3b439da85e2a662c7055e6"><enum>(bb)</enum><text>Voucher budget utilization rates.</text></item><item id="id84610e2012404ba39d42e89e508ce2a9"><enum>(cc)</enum><text>Annualized voucher success rate.</text></item><item id="idb0edd4a101f44aceb4abb9f1b7c6f416"><enum>(dd)</enum><text>Demographic composition of households issued vouchers compared to utilized vouchers.</text></item><item id="id3cbee562a0f74b4b992c14273cd5420f"><enum>(ee)</enum><text>Average time to lease-up.</text></item><item id="id59ee633bf0fe4800bb59d5c9de7b77eb"><enum>(ff)</enum><text>Average cost per voucher.</text></item><item id="idaed3d8273c8444848826f1fe580c3f9a"><enum>(gg)</enum><text>Average cost per landlord incentive.</text></item><item id="idedb81ce4feb64384a057577f3ae699d1"><enum>(hh)</enum><text>Ratio of the proportion of voucher households living in concentrated low-income areas to the proportion of renter-occupied units in concentrated low-income areas.</text></item><item id="idd1cda92509f647ed9b251aa587ff9abc"><enum>(ii)</enum><text>Characteristics of census tracts where voucher recipients reside.</text></item></subclause><subclause id="iddd6434c5669c4a68883ca2ba8e178084"><enum>(VIII)</enum><text>How the public housing agency met each of the statutory requirements in section 204(c)(3) of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note).</text></subclause></clause><clause id="id74334535cf30466e9c129c0012a55eb4"><enum>(iii)</enum><text>Impacts on public housing staffing and capacity, including the average public housing agency operating, administrative, and housing assistance payment expenditures per household per month.</text></clause></subparagraph><subparagraph id="id87864a1fbf7840749fcabf49e479e54d"><enum>(C)</enum><text>Legislative recommendations for flexibilities that could be expanded to all public housing agencies and how each flexibility enhances housing choice, affordability, and administrative capacity and efficiency for public housing agencies.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id53ac1b7b7cc44056933a5c4af49a7e80"><enum>(3)</enum><header>Public availability</header><subparagraph commented="no" display-inline="no-display-inline" id="id5b3ae6d74d734bd88c978edeace70761"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">The Secretary shall maintain all reports submitted pursuant to this section in a manner that is publicly available, accessible, and searchable on the website of the Department of Housing and Urban Development for not less than 5 years.</text></subparagraph><subparagraph id="id99351184594d4f7eb568c14bdc252587"><enum>(B)</enum><header>Other information</header><clause commented="no" display-inline="no-display-inline" id="id72e900cc51b04b96848db75c6ee8ddc6"><enum>(i)</enum><header display-inline="yes-display-inline">In general</header><text>The Secretary shall make the annual plan of the Moving to Work demonstration, the Section 8 administrative plan, and the admission and continued occupancy policy for each year publicly available in 1 location on the website of the Department of Housing and Urban Development for not less than 5 years.</text></clause><clause commented="no" display-inline="no-display-inline" id="id5d7991e85986470cafee11b5af8f7b05"><enum>(ii)</enum><header>Database</header><text>The Secretary may establish a searchable database on the website of the Department of Housing and Urban Development to track the types of flexibilities into which Moving to Work demonstration public housing agencies have opted or for which a waiver was approved by the Secretary, disaggregated by the year such flexibilities were adopted or approved.</text></clause></subparagraph></paragraph></subsection></section><section id="id2cabbaf981fe4b3ba2c53354f609a650"><enum>505.</enum><header>Incentivizing local solutions to homelessness</header><text display-inline="no-display-inline">Section 414 of the McKinney-Vento Homeless Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/11373">42 U.S.C. 11373</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id3258ade9b87845159f812a5a1ac3fb76"><subsection id="idcfae2aa6afa94d8a83f219cc247665b0"><enum>(f)</enum><header>Funding cap waiver authority</header><paragraph id="id8cfe8f5479dd4cddbe0c2e9d2dbe3e80"><enum>(1)</enum><header>In general</header><text>Notwithstanding any other provision of law or regulation, a recipient may request a waiver to the expenditure limit established pursuant to section 415(b) for amounts provided for each of fiscal years 2027 through 2030.</text></paragraph><paragraph id="id30ed87d80ba4436784fdcc891dc9875a"><enum>(2)</enum><header>Waiver request</header><subparagraph commented="no" display-inline="no-display-inline" id="idde4ea5c40550402db104e07756cdec60"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text>A recipient seeking a waiver described in paragraph (1) shall submit to the Secretary a waiver request that includes not more than the following:</text><clause id="idd5ee8eb8d5294d70977ba9d131028f86"><enum>(i)</enum><text>A demonstration of local needs and circumstances that necessitate a waiver.</text></clause><clause id="id176732f8ade041c5ad51910e4d9e7ea8"><enum>(ii)</enum><text>A detailed plan for how the recipient intends to use funds.</text></clause><clause id="id9c622ea58f064146896cc68b9c13d009"><enum>(iii)</enum><text>A justification for how the proposed use of funds supports the most recent Consolidated Plan submitted by the recipient.</text></clause><clause commented="no" display-inline="no-display-inline" id="idc2c32a864c254eeaa4128c366fbc51f6"><enum>(iv)</enum><text>Any public input solicited under subparagraph (B)(ii).</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id69702601da3f476380917f9623b72d5b"><enum>(B)</enum><header>Notification</header><text>Each recipient shall—</text><clause commented="no" display-inline="no-display-inline" id="id6f5f62ac8b71451d89693cb6ab3f3802"><enum>(i)</enum><text display-inline="yes-display-inline">notify all subrecipients and local Continuums of Care that serve the recipient's geographic area of the availability of waivers under this subsection; and</text></clause><clause commented="no" display-inline="no-display-inline" id="idd63cbd63416a4962ae0ac5a3d8bac695"><enum>(ii)</enum><text display-inline="yes-display-inline">prior to the submission of a waiver request under subparagraph (A), solicit public input regarding the potential need for and proposed uses of such waiver. </text></clause></subparagraph><subparagraph id="idfad13a2491f74142994e0edf6c9bbde7"><enum>(C)</enum><header>Approval; publication</header><text>The Secretary shall—</text><clause commented="no" display-inline="no-display-inline" id="id389124d9fbf3414e885b98d3522b2eac"><enum>(i)</enum><text display-inline="yes-display-inline">make all waiver requests submitted under subparagraph (A) publicly available on the website of the Department of Housing and Urban Development;</text></clause><clause commented="no" display-inline="no-display-inline" id="id5eb3df9a358c41aebf05bf642449cfa5"><enum>(ii)</enum><text display-inline="yes-display-inline">not later than 60 days after the date on which the Secretary receives a waiver request under subparagraph (A), approve or deny the request; and</text></clause><clause commented="no" display-inline="no-display-inline" id="idf7b1302cabd04e32ba75f778298d1a88"><enum>(iii)</enum><text display-inline="yes-display-inline">deny any waiver request submitted under subparagraph (A) by a recipient that relocates or threaten to relocate individuals or their property without providing emergency shelter, rapid rehousing, transitional housing, permanent supportive housing, or other permanent housing options.</text></clause></subparagraph></paragraph><paragraph id="id8ba49deb3811442480da205501168dbf"><enum>(3)</enum><header>Revocation</header><subparagraph id="id42ff12eec71144509e7f21ed4fdeb888"><enum>(A)</enum><header>In general</header><text>A waiver approved under this subsection shall remain in effect for the duration of the period of performance of fiscal year 2027 through 2030 grants unless the recipient notifies the Secretary in writing that the recipient wishes to revoke the waiver.</text></subparagraph><subparagraph id="id51cf2fbbe0ca4b5dac48cf681296c5af"><enum>(B)</enum><header>Notification</header><text>If a recipient intends to revoke a waiver under subparagraph (A), the recipient shall—</text><clause commented="no" display-inline="no-display-inline" id="idaa92614cee734e9f9bf91e51c4085914"><enum>(i)</enum><text display-inline="yes-display-inline">solicit input from subrecipients regarding the revocation before submitting the revocation; and</text></clause><clause commented="no" display-inline="no-display-inline" id="id9045382799a24f65a481299d7438c3bd"><enum>(ii)</enum><text display-inline="yes-display-inline">provide subrecipients with a summary of the input and the justification for the revocation in its submittal prior to notifying the Secretary in writing.</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id05cf6893e0c848e6bdf5b987ee70231f"><enum>(C)</enum><header>Publication</header><text>The Secretary shall publish any revocation of a waiver under subparagraph (A) and the justification of the recipient for the waiver on the website of the Department of Housing and Urban Development.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></section><enum>VI</enum><header>Veterans and Housing</header><section id="id8ef0db77ca06490abb73cf5b86fc9df1"><enum>601.</enum><header>VA Home Loan Awareness Act</header><subsection id="id35c45c67328443c59b15b4c26601ab89"><enum>(a)</enum><header>In general</header><text>Subpart A of part 2 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (<external-xref legal-doc="usc" parsable-cite="usc/12/4541">12 U.S.C. 4541 et seq.</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id327fe69b2d93450a92cc12958e755945"><section id="idc3c0d349c7254349a4628b6da9abbc6e"><enum>1329.</enum><header>Uniform residential loan application</header><text display-inline="no-display-inline">Not later than 6 months after the date of enactment of this section, the Director shall, by regulation or order, require each enterprise to include a disclaimer below the military service question on the form known as the Uniform Residential Loan Application stating, <quote>If yes, you may qualify for a VA Home Loan. Consult your lender regarding eligibility.</quote>.</text></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id18fc948e83974590aeaa9b5671a26e84"><enum>(b)</enum><header>GAO study</header><text>Not later than 18 months after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study and submit to Congress a report on whether not less than 80 percent of lenders using the Uniform Residential Loan Application have included on that form the disclaimer required under section 1329 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as added by subsection (a).</text></subsection></section><section id="ida74dd5263b324684b74b7da001780237"><enum>602.</enum><header>Veterans Affairs Loan Informed Disclosure (VALID) Act</header><subsection id="id6485d990106e4bd591b3f7753f13a2e8"><enum>(a)</enum><header>FHA informed consumer choice disclosure</header><paragraph id="id15b38c60ba174f6ebbfb67c76c82cd4f"><enum>(1)</enum><header>Inclusion of information relating to va loans</header><text>Subparagraph (A) of section 203(f)(2) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1709">12 U.S.C. 1709(f)(2)(A)</external-xref>) is amended—</text><subparagraph id="idf2718d2325cc4ad88c29edec07a9d207"><enum>(A)</enum><text>by striking <quote>ratio in</quote> and inserting </text><quoted-block style="OLC" display-inline="yes-display-inline" id="id57660c89717e4395a4d5220def4b9eb0"><text>ratio—</text><clause commented="no" display-inline="no-display-inline" id="idedc9e7e6740242478d9bbaeb815e0bea"><enum>(i)</enum><text display-inline="yes-display-inline">in</text></clause><after-quoted-block>; and</after-quoted-block></quoted-block></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id4c953976b63e496d9944ae38878f5d39"><enum>(B)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id6df48586acc54d2e826b51037a8c4069"><clause id="id6c47e86be3724274803dbdb9bd7976cf"><enum>(ii)</enum><text>in connection with a loan guaranteed or insured under <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/38/37">chapter 37</external-xref> of title 38, United States Code, assuming prevailing interest rates; and</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="id1cff265c97c0480b860721fe20acedad"><enum>(2)</enum><header>Rule of construction</header><text>Nothing in the amendments made by paragraph (1) shall be construed to require an original lender to determine whether a prospective borrower is eligible for any loan included in the notice required under section 203(f) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1709">12 U.S.C. 1709(f)</external-xref>).</text></paragraph></subsection><subsection id="id00a6a7edc7264b63b53b6e92623f2480"><enum>(b)</enum><header>Military service question</header><paragraph id="idcce6346293804cbd80baf4999e0e9bbf"><enum>(1)</enum><header>In general</header><text>Subpart A of part 2 of subtitle A of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (<external-xref legal-doc="usc" parsable-cite="usc/12/4541">12 U.S.C. 4541 et seq.</external-xref>), as amended by section 601(a) of this Act, is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id156951bb9e4748208c92c031f2a429d7"><section id="id263fc656129c41ef8f7dc58803baed3d"><enum>1330.</enum><header>Uniform residential loan application</header><text display-inline="no-display-inline">Not later than 6 months after the date of enactment of this section, the Director shall require each enterprise to—</text><paragraph id="id7974c8eb88b040fdb131539c7071549e"><enum>(1)</enum><text>include a military service question on the form known as the Uniform Residential Loan Application; and</text></paragraph><paragraph id="id365144970c6d4acc8db28e8c5f12b14e"><enum>(2)</enum><text>position the question described in paragraph (1) above the signature line of the Uniform Residential Loan Application.</text></paragraph></section><after-quoted-block>.</after-quoted-block></quoted-block></paragraph><paragraph id="id633912b46cc24670994b95e8e2efde4c"><enum>(2)</enum><header>Rulemaking</header><text>Not later than 6 months after the date of enactment of this Act, the Director of the Federal Housing Finance Agency shall issue a rule to carry out the amendment made by this section.</text></paragraph></subsection></section><section id="id602fc34fa9fa4e08ad36f6bfd45a78d2"><enum>603.</enum><header>Housing Unhoused Disabled Veterans Act</header><subsection commented="no" display-inline="no-display-inline" id="idd6fbb06a1a3644bba41c442800c143bb"><enum>(a)</enum><header>Exclusion of certain disability benefits</header><text display-inline="yes-display-inline">Section 3(b)(4)(B) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437a">42 U.S.C. 1437a(b)(4)(B)</external-xref>) is amended—</text><paragraph id="id9c093257bd1d4192b24baf18ca53fb01"><enum>(1)</enum><text>by redesignating clauses (iv) and (v) as clauses (vi) and (vii), respectively; and</text></paragraph><paragraph id="id7ee38ab2c83f4636be22e29b670952ba"><enum>(2)</enum><text>by inserting after clause (iii) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="idae4acc7e6cb644b2aba09deb36da15dc"><clause id="idbe4b32e5136c4ad6bc1e777559c38f1d"><enum>(iv)</enum><text>for the purpose of determining income eligibility with respect to the supported housing program under section 8(o)(19), any disability benefits received under chapter 11 or <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/38/15">chapter 15</external-xref> of title 38, United States Code, received by a veteran, except that this exclusion shall not apply to the income in the definition of adjusted income;</text></clause><clause id="id7b99b716baf147ae9e9c49c39d5be06e"><enum>(v)</enum><text>for the purpose of determining income eligibility with respect to any household receiving rental assistance under the supported housing program under section 8(o)(19) as it relates to eligibility for other types of housing assistance, any disability benefits received under chapter 11 or <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/38/15">chapter 15</external-xref> of title 38, United States Code, received by a veteran, but such amounts shall not be excluded from income when determining adjusted income;</text></clause><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="id59da992e2ba448518fa1b8a576dea0c2"><enum>(b)</enum><header>Treatment of certain disability benefits</header><paragraph id="ide95cb5b608514afeac5f5e6253a9f5c9"><enum>(1)</enum><header>In general</header><text>When determining the eligibility of a veteran to rent a residential dwelling unit constructed on Department property on or after the date of the enactment of this Act, for which assistance is provided as part of a housing assistance program administered by the Secretary, the Secretary shall exclude from income any disability benefits received under chapter 11 or <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/38/15">chapter 15</external-xref> of title 38, United States Code by such person.</text></paragraph><paragraph id="ide0c380fb43ba47eba01bd3eba9b833bf"><enum>(2)</enum><header>Definitions</header><text>In this subsection:</text><subparagraph id="idf6666945d6834ade9b028f3b323e46d2"><enum>(A)</enum><header>Secretary</header><text>The term <term>Secretary</term> means the Secretary of Housing and Urban Development.</text></subparagraph><subparagraph id="id6178f7679a4e430baa271e3a3a379d57"><enum>(B)</enum><header>Department property</header><text>The term <term>Department property</term> has the meaning given the term in section 901 of title 38, United States Code.</text></subparagraph></paragraph></subsection></section><enum>VII</enum><header>Oversight and Accountability</header><section id="id6a2a5c473692421ebe8b11cf1ff3ce24"><enum>701.</enum><header>Requiring annual testimony and oversight from housing regulators</header><subsection id="H64D14D5F8AAC41298A5CC888FA13732B"><enum>(a)</enum><header>Requirement to testify</header><text display-inline="yes-display-inline">Section 7 of the Department of Housing and Urban Development Act (<external-xref legal-doc="usc" parsable-cite="usc/42/3535">42 U.S.C. 3535</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="H3A9F5F1504A44D9D999604B1EA9BD9AB"><subsection id="H5455EBE435DD4A14993D64ED9A0ABB08"><enum>(u)</enum><header>Annual testimony</header><text display-inline="yes-display-inline">The Secretary shall appear before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives at an annual hearing and present testimony regarding the operations of the Department during the preceding year, including—</text><paragraph id="HFA2796C2023246F787A5FD3A5071ACD9"><enum>(1)</enum><text display-inline="yes-display-inline">the current programs and operations of the Department;</text></paragraph><paragraph id="H3A0B3D2A73AC441FBF46083A282E885A"><enum>(2)</enum><text>the physical condition of all public housing and other housing assisted by the Department;</text></paragraph><paragraph id="HA582A929880A4E90B847333E5F140628"><enum>(3)</enum><text>the financial health of the mortgage insurance funds of the Federal Housing Agency;</text></paragraph><paragraph id="HDC6E535A3ECE4713B1813316670458E0"><enum>(4)</enum><text display-inline="yes-display-inline">oversight by the Department of grantees and subgrantees for purposes of preventing waste, fraud, and abuse;</text></paragraph><paragraph id="H0F2EBC9C0A724ADCAD24E9F7901E4506"><enum>(5)</enum><text display-inline="yes-display-inline">the progress made by the Federal Government in ending the affordable housing and homelessness crises; </text></paragraph><paragraph id="HB6E6D34B3BCB469B90CEDBF83038C5D4"><enum>(6)</enum><text display-inline="yes-display-inline">the capacity of the Department to deliver on its statutory mission; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H547B270CB943430EB1EC38A7033187DB"><enum>(7)</enum><text>other ongoing activities of the Department, as appropriate.</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="iddf89794c614d4d73954529f40de77431"><enum>(b)</enum><header>Government guaranteed or insured mortgages</header><text>On an annual basis, the following individuals shall testify before the appropriate committees of Congress with respect to mortgage loans made, guaranteed, or insured by the Federal Government:</text><paragraph id="idb6de286a0de64886b5a03751be5f3ebe"><enum>(1)</enum><text>The President of the Government National Mortgage Association.</text></paragraph><paragraph id="idbe7f65d833f14cb481d0df82066884c7"><enum>(2)</enum><text>The Federal Housing Commissioner.</text></paragraph><paragraph id="idf665e95979ee4cf688da8f08ddbcf86d"><enum>(3)</enum><text>The Administrator of the Rural Housing Service.</text></paragraph><paragraph id="id06dab250e45e450caf8278c444c5e23c"><enum>(4)</enum><text>The Executive Director of the Loan Guaranty Service of the Department of Veterans Affairs.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idbc6cb67f8c7a4158b56501bd400aec89"><enum>(5)</enum><text>The Director of the Federal Housing Finance Agency.</text></paragraph></subsection><subsection id="id0e2b9618d7d245159710c54eb94679e7"><enum>(c)</enum><header>Mortgagee review board</header><text>Section 202(c)(8) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(c)(8)</external-xref>) is amended—</text><paragraph id="id6e3ab0f67d294681bc0ece08ecd862b5"><enum>(1)</enum><text>by striking <quote>, in consultation with the Federal Housing Administration Advisory Board,</quote>; and</text></paragraph><paragraph id="idaaa5f9527b434f2fb2f04d9c8f8e3220"><enum>(2)</enum><text>by inserting <quote>and to Congress</quote> after <quote>the Secretary</quote>.</text></paragraph></subsection></section><section id="id93a4134574f24169915fe72e49063df5"><enum>702.</enum><header>FHA reporting requirements on safety and soundness</header><subsection id="id498d3a2757a042aa91c0147cf0b751da"><enum>(a)</enum><header>Monthly reporting on mutual mortgage insurance fund capital ratio</header><text>Section 202(a) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(a)</external-xref>) is amended by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="ideb45cd757f1f4b9fb8f67a129c64601a"><paragraph id="idaa4e62f4da6b4f29a44eabce28b115e1"><enum>(8)</enum><header>Other required reporting</header><text>The Secretary shall—</text><subparagraph id="idac42e346a1f149d38b63eef161d15e2e"><enum>(A)</enum><text>submit to Congress monthly reports on the capital ratio required under section 205(f)(2); and</text></subparagraph><subparagraph id="idab319e02b6e24452be03d86f6facb894"><enum>(B)</enum><text>notify Congress as soon as practicable after the Fund falls below the capital ratio required under section 205(f)(2).</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="id147babafe38c4e11bc420459a2d89609"><enum>(b)</enum><header>Annual independent actuarial study</header><text>Section 202(a)(4) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1708">12 U.S.C. 1708(a)(4)</external-xref>) is amended—</text><paragraph id="id5b1c7929d12242bfa5d81638e1df23e2"><enum>(1)</enum><text>by striking <quote>The Secretary</quote> and inserting the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id5e189ab981dd4356b4b95768eee3d2a6"><subparagraph id="idab947e15baea41a5bb1edaa252bd7d5f"><enum>(A)</enum><header>Definition</header><text>In this paragraph, the term <term>first-time homebuyer</term> means a borrower for whom no consumer report (as defined in section 603 of the Fair Credit Reporting Act (<external-xref legal-doc="usc" parsable-cite="usc/15/1681a">15 U.S.C. 1681a</external-xref>)) indicates that the borrower has or had a loan with a consumer purpose that is secured by a 1- to 4-unit residential real property.</text></subparagraph><subparagraph id="idcb340a1c0859455884f80dd6d27bac2d"><enum>(B)</enum><header>Study and report</header><text>The Secretary</text></subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block></paragraph><paragraph id="idb7c0d471e88243628ae50c83e76a01d2"><enum>(2)</enum><text>in subparagraph (B), as so designated, in the fourth sentence, by striking <quote>also</quote> and inserting <quote>detail how many loans were originated in each census tract to first-time homebuyers, and</quote>.</text></paragraph></subsection><subsection id="idda6efcd72da9493987cf46b90d9bd8af"><enum>(c)</enum><header>Annual report</header><text>Section 203(w)(2) of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1709">12 U.S.C. 1709(w)(2)</external-xref>) is amended by inserting <quote>and covered and first-time homebuyers (as defined in section 202(a)(4)(A))</quote> after <quote>minority borrowers</quote>.</text></subsection></section><section id="ide1382e896c4343d3963925862b3d7947"><enum>703.</enum><header>United States Interagency Council on Homelessness oversight</header><text display-inline="no-display-inline">Section 203(a) of the McKinney-Vento Homeless Assistance Act (<external-xref legal-doc="usc" parsable-cite="usc/42/11313">42 U.S.C. 11313(a)</external-xref>) is amended—</text><paragraph id="id0c17c68c93ee4d09b6f19ab868ef5745"><enum>(1)</enum><text>in paragraph (1)—</text><subparagraph id="id926864a1fa8b463ab7d24a1b2d020b75"><enum>(A)</enum><text>by striking <quote>Homeless Emergency Assistance and Rapid Transition to Housing Act of 2009</quote> and inserting <quote>Renewing Opportunity in the American Dream to Housing Act</quote>; and</text></subparagraph><subparagraph id="idf846c0d9c4094c1fad7c38806a2262b1"><enum>(B)</enum><text>by striking <quote>update such plan annually</quote> and inserting</text><quoted-block style="OLC" display-inline="yes-display-inline" id="id5f8cad2c9d794bbfa635e3852effa3d1"><text>submit to the President and Congress a report every year thereafter that includes—</text><subparagraph id="id4753babef0bd43c598f6b9164d88a204"><enum>(A)</enum><text>the status of completion of the plan; and</text></subparagraph><subparagraph id="idea0617bd1ab34b1c9547584f08304799"><enum>(B)</enum><text>any modifications that were made to the plan and the reasons for those modifications;</text></subparagraph><after-quoted-block>;</after-quoted-block></quoted-block></subparagraph></paragraph><paragraph id="idd2d3662da1cb42298c0417c5863220f1"><enum>(2)</enum><text>by redesignating paragraphs (10) through (13) as paragraphs (11) through (14), respectively;</text></paragraph><paragraph commented="no" id="id6bccfba090574ac090ea8f7832bc0f52"><enum>(3)</enum><text>by redesignating the second paragraph (9) (relating to collecting and disseminating information) as paragraph (10);</text></paragraph><paragraph id="id2d6b9914694c43f09bcf8641dac416a5"><enum>(4)</enum><text>in paragraph (13), as so redesignated, by striking <quote>and</quote> at the end;</text></paragraph><paragraph id="idd8434f9eb4e549caa4dcf279c86d5612"><enum>(5)</enum><text>in paragraph (14), as so redesignated, by striking the period at the end and inserting “; and</text></paragraph><paragraph id="id72ae7bdad242492389c5c5bc1d110f70"><enum>(6)</enum><text>by adding at the end the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id28b466d1995e49889c920dfe4205663c"><paragraph id="idf3888f7c3eaa41d1bb301e435c554dc3"><enum>(15)</enum><text>testify annually before Congress.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></section><section id="idd3831aedbbc14861ab98e0cb3cf1eae2"><enum>704.</enum><header>Appraisal Modernization Act</header><subsection id="id0896e01e4a794836b9d3709b2b339b49"><enum>(a)</enum><header>Reconsideration of value</header><paragraph commented="no" display-inline="no-display-inline" id="iddfcd85ebd1ce4d48a06af80abfcd1909"><enum>(1)</enum><header display-inline="yes-display-inline">Federally backed mortgage loan defined</header><text>In this subsection, the term <term>Federally backed mortgage loan</term> has the meaning given the term in section 4022 of the CARES Act (<external-xref legal-doc="usc" parsable-cite="usc/15/9056">15 U.S.C. 9056</external-xref>).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id101bc66a74ed4b7a93ee65c514a49fe6"><enum>(2)</enum><header display-inline="yes-display-inline">Requirement</header><text>The Secretary of Agriculture, the Secretary of Veterans Affairs, the Commissioner of the Federal Housing Administration, and the Director of the Federal Housing Finance Agency shall each implement and maintain requirements that creditors of a federally backed mortgage loan have a review and resolution procedure for a consumer-initiated reconsideration of value or subsequent appraisal in connection with a consumer credit transaction secured by a consumer’s principal dwelling.</text></paragraph></subsection><subsection id="id0c9196df4ac24f23ae57e423f6cc2b75"><enum>(b)</enum><header>Public appraisal database</header><paragraph id="idad30b1132b41431a94f5432cf97d92d8"><enum>(1)</enum><header>Covered agencies defined</header><text>In this subsection, the term <term>covered agencies</term> means—</text><subparagraph commented="no" display-inline="no-display-inline" id="id94299e2c18134056be850e5c88ca16ed"><enum>(A)</enum><text display-inline="yes-display-inline">the Federal Housing Finance Agency, on behalf of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id670a288e18304095a7aa76d74792b0a9"><enum>(B)</enum><text display-inline="yes-display-inline">the Department of Housing and Urban Development, including the Federal Housing Administration;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id7c26040fd9e5413a88dc7d59537cdc62"><enum>(C)</enum><text>the Department of Agriculture; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8676460dc45b471d86c6ec0ff03ff8aa"><enum>(D)</enum><text>the Department of Veterans Affairs.</text></subparagraph></paragraph><paragraph id="id9376e165770247a7a5d0000a32faaacf"><enum>(2)</enum><header>Feasibility report</header><text>No later than 240 days after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a public report assessing the feasibility of creating a publicly available appraisal database that consists of a searchable and downloadable appraisal-level public use file that consolidates appraisal data held or aggregated by covered agencies, including—</text><subparagraph id="id13e7e3a7b9064814b2067bb9279c6862"><enum>(A)</enum><text>the costs and benefits associated with establishing and maintaining the public database;</text></subparagraph><subparagraph id="ida6d2d7e05b564094a843449ad89c1d76"><enum>(B)</enum><text>the benefits and risks associated with the Federal Housing Finance Agency or the Bureau of Consumer Financial Protection being responsible for the public database and whether there is another Federal agency best suited for implementing and administering such database;</text></subparagraph><subparagraph id="idb0e9c6a6cc88438f9d24dccfdfdaa378"><enum>(C)</enum><text>any safety and soundness, antitrust, or consumer privacy-related risks associated with making certain appraisal data factors publicly available, including whether–</text><clause id="id730bd9ca01fd4b08966212019885fc96"><enum>(i)</enum><text>there are any existing legal requirements, including under the Home Mortgage Disclosure Act of 1975 (<external-xref legal-doc="usc" parsable-cite="usc/12/2801">12 U.S.C. 2801 et seq.</external-xref>) and section 552 of title 5, United States Code (commonly known as the <quote>Freedom of Information Act</quote>), or additional actions Federal agencies could take to mitigate such risks, such as modifying or aggregating data or eliminating personally identifiable information; and</text></clause><clause id="id165da676f36f44d6a005a6e2dddd3148"><enum>(ii)</enum><text>there are any data factors that, if made public, may violate conduct, ethics, or other professional standards as they relate to appraisals and appraisal or valuation professionals;</text></clause></subparagraph><subparagraph id="id76c4afe3d4c74c308467b2e4684e2777"><enum>(D)</enum><text>the feasibility of consolidating or matching appraisal data held by covered agencies with corresponding data that is required and made public under the Home Mortgage Disclosure Act of 1975 (<external-xref legal-doc="usc" parsable-cite="usc/12/2801">12 U.S.C. 2801 et seq.</external-xref>);</text></subparagraph><subparagraph id="id04cdb9fbeb1e452f9f5793dc3b7f048b"><enum>(E)</enum><text>whether the publication of any appraisal data factors may pose unfair business advantages within the valuation industry;</text></subparagraph><subparagraph id="id59409ffefb814904902d3d9c9dd68694"><enum>(F)</enum><text>the feasibility of including all valuation data held by covered agencies, including data produced by automated valuation models;</text></subparagraph><subparagraph id="id7677fc61403b4043be16b0b5a7496b59"><enum>(G)</enum><text>the feasibility and benefits of making the full appraisal dataset, including any modified fields, available to—</text><clause id="id58a550403ba346ca98d17b89bbcd9a76"><enum>(i)</enum><text>Federal agencies, including for purposes related to enforcement and supervision responsibilities;</text></clause><clause id="idb9cb5280f3754847967e11578740d1ea"><enum>(ii)</enum><text>relevant State licensing, supervision, and enforcement agencies and State attorneys general;</text></clause><clause id="id1580d3b62791495abda80de4f12ffbfd"><enum>(iii)</enum><text>approved researchers, including academics and nonprofit organizations that, in connection with their mission, work to ensure the fairness and consistency of home valuations, including appraisals; and</text></clause><clause id="ide539a4c9f4374be5ab3c565b10dfb1b2"><enum>(iv)</enum><text>any other entities identified by the Comptroller General as having a compelling use for disaggregated data;</text></clause></subparagraph><subparagraph id="ida3dd4bd2358c4e31ae5d6b83fa790be6"><enum>(H)</enum><text>what appraisal data is already available in the public domain; and</text></subparagraph><subparagraph id="id40e827257e8f4e0c8e2e1a18f51a2bfb"><enum>(I)</enum><text>the feasibility of incorporating legacy data held by covered agencies during the period beginning on January 1, 2017 and ending on the date of enactment of this Act, and whether there are specific data points not easily consolidated or matched, as described in subparagraph (D), with more recent data.</text></subparagraph></paragraph><paragraph id="idb809f5c69b6a4e07be4364c48b59a767"><enum>(3)</enum><header>Purpose</header><text>The database described in paragraph (2) shall be used to provide the public, the Federal Government, and State governments with residential real estate appraisal data to help determine whether financial institutions, appraisal management companies, appraisers, valuation technologies, such as automated valuation models, and other valuation professionals are effectively serving the entire housing market.</text></paragraph><paragraph id="id9486803af0ed4e4caf93a766dd9450e7"><enum>(4)</enum><header>Consultation</header><text>As part of the information used in the report required under paragraph (2), the Comptroller General of the United States shall conduct interviews with—</text><subparagraph id="idac690d870a544f71bd4e2d049cc2a7f2"><enum>(A)</enum><text>relevant Federal agencies;</text></subparagraph><subparagraph id="id358fd7fd0454474fa7d366cc33ef6527"><enum>(B)</enum><text>relevant State licensing, supervision, and enforcement agencies and State attorneys general;</text></subparagraph><subparagraph id="idbf2f22eef67a46df8bd2f57eb6316d36"><enum>(C)</enum><text>appraisers and other home valuation industry professionals;</text></subparagraph><subparagraph id="id7cdfab55438f4cf3ba1f12017e5ea4a4"><enum>(D)</enum><text>mortgage lending institutions;</text></subparagraph><subparagraph id="id6401debf09504209b5a3bf0a9b98c85b"><enum>(E)</enum><text>fair housing and fair lending experts; and</text></subparagraph><subparagraph id="idc09894aa64ee4ee6bec5c7e0e900c987"><enum>(F)</enum><text>any other relevant stakeholders as determined by the Comptroller General.</text></subparagraph></paragraph><paragraph id="id6ca9a3752a0042f9849403f0bd4a29e4"><enum>(5)</enum><header>Hearing</header><text>Upon the completion of the report under paragraph (2), the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives shall each hold a hearing on the findings of the report and the feasibility of establishing a public appraisal-level appraisal database.</text></paragraph></subsection></section><enum>VIII</enum><header>Coordination, Studies, and Reporting</header><section id="idaec147e45b3545e093742cfa3ba137e7"><enum>801.</enum><header>HUD-USDA-VA Interagency Coordination Act</header><subsection id="idecc79f7382304ea5aa66948b196d857b"><enum>(a)</enum><header>Memorandum of understanding</header><text display-inline="yes-display-inline">The Secretary of Housing and Urban Development, the Secretary of Agriculture, and the Secretary of Veterans Affairs shall establish a memorandum of understanding, or other appropriate interagency agreement, to share relevant housing-related research and market data that facilitates evidence-based policymaking.</text></subsection><subsection id="id3c6c2fa62de342bba66213adbad545a5"><enum>(b)</enum><header>Interagency report</header><paragraph id="idbd1810f06e3f498e864acad0b130e0a0"><enum>(1)</enum><header>Report</header><text>Not later than 180 days after the date of enactment of this Act, the Secretary of Housing and Urban Development, the Secretary of Agriculture, and the Secretary of Veterans Affairs shall jointly submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report containing—</text><subparagraph id="id94b6423711a14c80b416a4540b0cd98b"><enum>(A)</enum><text>a description of opportunities for increased collaboration between the Secretary of Housing and Urban Development, the Secretary of Agriculture, and the Secretary of Veterans Affairs to reduce inefficiencies in housing programs;</text></subparagraph><subparagraph id="id8bc7927d743c48f3b0a98d321808030b"><enum>(B)</enum><text>a list of Federal laws (including regulations) that adversely affect the availability and affordability of new construction of assisted housing and single family and multifamily residential housing subject to mortgages insured under title II of the National Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/12/1707">12 U.S.C. 1707 et seq.</external-xref>), insured, guaranteed, or made by the Secretary of Agriculture under title V of the Housing Act of 1949 (<external-xref legal-doc="usc" parsable-cite="usc/42/1471">42 U.S.C. 1471 et seq.</external-xref>), or insured, guaranteed, or made by the Secretary of Veterans Affairs under <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/38/37">chapter 37</external-xref> of title 38, United States Code; and</text></subparagraph><subparagraph id="id5fe86000311c4ec28215b34f822e13f1"><enum>(C)</enum><text>recommendations for Congress regarding the Federal laws (including regulations) described in subparagraph (B).</text></subparagraph></paragraph><paragraph id="id7ba1caf9f1304b4ab71c2cc547ba22b8"><enum>(2)</enum><header>Publication</header><text>The report required under paragraph (1) shall, prior to submission under that subsection, be published in the Federal Register and open for comment for a period of 30 days.</text></paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="id26df06aab011433f829e24ff61f3f6d0"><enum>802.</enum><header>Streamlining Rural Housing Act</header><subsection commented="no" display-inline="no-display-inline" id="id74e4dc89db164dc98fe88877031473f9"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text>Not later than 180 days after the date of enactment of this Act, the Secretary of Housing and Urban Development and the Secretary of Agriculture shall enter into a memorandum of understanding to—</text><paragraph id="id207c3c3fed6c40fb9dc626ed1295dad9"><enum>(1)</enum><text>evaluate categorical exclusions under the environmental review process for housing projects funded by amounts from the Department of the Housing and Urban Development and the Department of Agriculture;</text></paragraph><paragraph id="iddcbdf898eb5146999c9564ea55027e18"><enum>(2)</enum><text>develop a process to designate a lead agency and streamline adoption of Environmental Impact Statements and Environmental Assessments approved by the other Department to construct housing projects funded by both agencies;</text></paragraph><paragraph id="idaedb5514677e4c61a2d215384312b402"><enum>(3)</enum><text>maintain compliance with environmental regulations under part 58 of title 24, Code of Federal Regulations, as in effect on January 1, 2025, except as required to amend, add, or remove categorical exclusions identified under sections 58.35 of title 24, Code of Federal Regulations, through standard rulemaking procedures; and</text></paragraph><paragraph id="idcc9cc94ce9a844cc871697e5d38e5495"><enum>(4)</enum><text>evaluate the feasibility of a joint physical inspection process for housing projects funded by amounts from the Department of the Housing and Urban Development and the Department of Agriculture.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id7fcc4a1232c44c3ab8dced7cc68ccdc4"><enum>(b)</enum><header>Report</header><text display-inline="yes-display-inline">Not later than 1 year after the date of enactment of this Act, the Secretary of Housing and Urban Development and the Secretary of Agriculture shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that includes recommendations for legislative, regulatory, or administrative actions—</text><paragraph commented="no" display-inline="no-display-inline" id="idfd1d6cacf2844c1bbed46bebe238cbbe"><enum>(1)</enum><text display-inline="yes-display-inline">to improve the efficiency and effectiveness of housing projects funded by amounts from the Department of the Housing and Urban Development and the Department of Agriculture; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id0c7e261c71b34c56a5e8c17cf8402bc5"><enum>(2)</enum><text>that do not materially, with respect to residents of housing projects described in paragraph (1)—</text><subparagraph commented="no" display-inline="no-display-inline" id="idafaa6d6ce2f144a4822cd095c4459ad6"><enum>(A)</enum><text>reduce the safety of those residents;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idff1484a2d2b047c3bb0c27b8ead46527"><enum>(B)</enum><text>shift long-term costs onto those residents; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id588e6922369b4904b33026abb3ba6382"><enum>(C)</enum><text>undermine the environmental standards of those residents.</text></subparagraph></paragraph></subsection></section><section id="idbbe5f825ac3c465f88b165b349f0b482"><enum>803.</enum><header>Improving self-sufficiency of families in HUD-subsidized housing</header><subsection id="ide4c59bb3ee5049b49ce2fb87a57bdb05"><enum>(a)</enum><header>In general</header><paragraph id="id8128ee87cdbe4b59910b800d259278ee"><enum>(1)</enum><header>Study</header><text>Subject to subsection (b), the Secretary of Housing and Urban Development shall conduct a study on the implementation of work requirements implemented prior to the date of enactment of this Act by public housing agencies described in paragraph (4) participating in the Moving to Work demonstration authorized under section 204 of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note).</text></paragraph><paragraph id="id8f1408f16dd74f5e8651c6bc83d54434"><enum>(2)</enum><header>Scope</header><text>The study required under paragraph (1) shall—</text><subparagraph id="id6627f472ca4545c0bf2a652a9d411313"><enum>(A)</enum><text>consider the short-, medium-, and long-term benefits and challenges of work requirements on public housing agencies described in paragraph (4) and on program participants who are subject to such requirements, including the effects work requirements have on homelessness rates, poverty rates, asset building, earnings growth, job attainment and retention, and public housing agencies’ administrative capacity; and</text></subparagraph><subparagraph id="id6048461459dd495dbdbde0c824f24b12"><enum>(B)</enum><text>include quantitative and qualitative evidence, including interviews with program participants described in subparagraph (A) and their respective resident councils.</text></subparagraph></paragraph><paragraph id="idf85ac9571b3143748704d746bb8852ac"><enum>(3)</enum><header>Report</header><text>Not later than 1 year after the date of enactment of this Act, the Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on the initial findings of the study required under paragraph (1).</text></paragraph><paragraph id="id4c70e1c62c0c42a492c04f40e10887f9"><enum>(4)</enum><header>Public housing agencies described</header><text>The public housing agencies described in this paragraph are public housing agencies that, as part of an application to participate in the demonstration authorized under section 204 of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437f">42 U.S.C. 1437f</external-xref> note), submit a proposal identifying work requirements as an innovative proposal.</text></paragraph></subsection><subsection id="ide153a6fc89bd444d874f838af9c3c14f"><enum>(b)</enum><header>Determination</header><text>The requirement under subsection (a) shall apply if the Secretary of Housing and Urban Development determines that—</text><paragraph id="ide23a4b057ce24334a2fc64726007320c"><enum>(1)</enum><text>there are a sufficient number of public housing agencies described in subsection (a)(4) such that the Secretary of Housing and Urban Development can rigorously evaluate the impact of the implementation of work requirements described in that subsection; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id357378b36045453c8e7d4e0eb603560b"><enum>(2)</enum><text>the study would not negatively impact low-income families receiving assistance through a public housing agency described in subsection (a)(4).</text></paragraph></subsection></section><section id="H7932F9A15CB5483098D605A33020CEAC"><enum>804.</enum><header>GAO studies</header><subsection id="H2B90E85652894DD3A587F284523D48E3"><enum>(a)</enum><header>Workforce housing study</header><paragraph commented="no" display-inline="no-display-inline" id="HAB8B21E4B7C74FD4912C6BAAC4510DB2"><enum>(1)</enum><header>Middle-income household defined</header><text display-inline="yes-display-inline">In this subsection, the term <term>middle income household</term> means a household with an income above 80-percent but that does not exceed 120-percent of the median family income of the area, as determined by the Secretary of Housing and Urban Development with adjustments for smaller and larger families.</text></paragraph><paragraph id="H899B85A16C994A3FAECD7A434E0A474B"><enum>(2)</enum><header>Study</header><text>Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study and submit to Congress a report that—</text><subparagraph commented="no" id="HACF35DF4B91C4FCB85D396A0B66B5D4D"><enum>(A)</enum><text>identifies obstacles middle-income households face when looking to secure affordable housing;</text></subparagraph><subparagraph id="H07DA0B4B86FA4A60A8A9C9739816CB43"><enum>(B)</enum><text display-inline="yes-display-inline">identifies geographic areas where housing is the most unaffordable and unavailable for middle-income households;</text></subparagraph><subparagraph id="H1B0964E89FAF432A9D0827FB6B28A107"><enum>(C)</enum><text display-inline="yes-display-inline">includes a list of Federal housing programs, including Federal tax credits, grants, and loan programs, that are not available to middle-income households due to their income status, including Federal housing programs designed to promote affordability;</text></subparagraph><subparagraph id="H67FFFB387C4E4DAFA39BE3F6B273FC54"><enum>(D)</enum><text display-inline="yes-display-inline">recommends income and other parameters to establish a clear and consistent Federal definition for the term <term>workforce housing</term> for use when describing the segment of housing that could be made available to those middle-income households in Federal housing programs if funding commensurate with the additional eligibility were to be made available; and</text></subparagraph><subparagraph id="H4D1F84F9A68148B7B26BDA6D87733FAE"><enum>(E)</enum><text display-inline="yes-display-inline">analyzes how to modify or newly develop new Federal housing programs and incentives to include <quote>workforce housing</quote> if funding commensurate with the additional eligibility were to be made available.</text></subparagraph></paragraph></subsection><subsection commented="no" id="HBCF9CB62B04A441686FCA77E110C252E"><enum>(b)</enum><header>Housing for elderly or disabled</header><text display-inline="yes-display-inline">Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall carry out a study and submit to Congress a report that identifies options to remove barriers and improve housing for persons who are elderly or disabled, including any potential impacts of providing capital advances for—</text><paragraph commented="no" id="H239D26238C244F7996AF2591A8E8FD8C"><enum>(1)</enum><text>the program for supportive housing for the elderly under section 202 of the Housing Act of 1959 (<external-xref legal-doc="usc" parsable-cite="usc/12/1701q">12 U.S.C. 1701q</external-xref>); and </text></paragraph><paragraph commented="no" id="HA51A819B808E4C2CB0D4778E334B5530"><enum>(2)</enum><text>the program for supportive housing for persons with disabilities under section 811 of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/8013">42 U.S.C. 8013</external-xref>).</text></paragraph></subsection><subsection id="H7E979735DEF6466698A07E6EF62F2762"><enum>(c)</enum><header>Proximity of housing to Superfund sites</header><text display-inline="yes-display-inline">Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall carry out a study and submit to Congress a report that identifies how many residential dwelling units, and how many dwelling units that are a part of public housing (as defined in section 3(b) of the United States Housing Act of 1937 (<external-xref legal-doc="usc" parsable-cite="usc/42/1437a">42 U.S.C. 1437a(b)</external-xref>)), are located less than 1 mile from a site that is included on the National Priorities List established pursuant to section 105 of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (<external-xref legal-doc="usc" parsable-cite="usc/42/9605">42 U.S.C. 9605</external-xref>).</text></subsection><subsection commented="no" id="HCE083AD1156E42A7ABAD75976ED61A8F"><enum>(d)</enum><header>Residential heirs property</header><text>Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall carry out a study and submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that—</text><paragraph commented="no" id="H42F97FF0B10A4F46823BB374EF8A274F"><enum>(1)</enum><text>establishes a comprehensive definition of residential heirs property, or family land inherited without a will or legal documentation of ownership;</text></paragraph><paragraph commented="no" id="H6C37536954BD4168AE7FDB41FB909F2B"><enum>(2)</enum><text>examines the occurrence of and consequences to owners of residential heirs property, and provides an estimate regarding the number of current residential heirs properties;</text></paragraph><paragraph commented="no" id="HACC135C98D3E497DAE6D3790378FB3E3"><enum>(3)</enum><text>describes the objectives and requirements of the Uniform Partition of Heirs Property Act as approved by the National Conference of Commissioners on Uniform State Laws in 2010;</text></paragraph><paragraph commented="no" id="HAAA449C390904B2BB8E327BC4B811A0F"><enum>(4)</enum><text>details the various resources that may be available to the owners of residential heirs properties, including housing counseling, legal services, and financial assistance to resolve residential heirs property title issues from the Federal Government, nonprofit organizations, and institutions of higher education; and</text></paragraph><paragraph commented="no" id="H24AB0CE2B3E349BFB0C06DED6B1D6055"><enum>(5)</enum><text>makes recommendations with respect to how to reduce the number of residential heirs properties, including—</text><subparagraph commented="no" id="H295DF339980F4CF2A4C20D4638924598"><enum>(A)</enum><text>by incentivizing States and other jurisdictions which enact or adopt the Uniform Partition of Heirs Property Act or similar such reforms;</text></subparagraph><subparagraph commented="no" id="HC51FD081491642BC96FA84C6828115C7"><enum>(B)</enum><text>by awarding grants to States and other jurisdictions to assist residents of those States and jurisdictions to establish and document property ownership rights or settle a decedent’s estate;</text></subparagraph><subparagraph commented="no" id="H6BA8ED9D642C4739986A4902B2D1D2B5"><enum>(C)</enum><text>by awarding grants to entities that—</text><clause commented="no" display-inline="no-display-inline" id="id2f36c654c3644ec5b40e0a61ecd1e322"><enum>(i)</enum><text display-inline="yes-display-inline">provide housing counseling, legal assistance, and financial assistance to homeowners and their heirs relating to title clearing and home retention efforts of heirs’ property; and</text></clause><clause commented="no" display-inline="no-display-inline" id="ida8c79b0485ff41f38ce15c0a861d5fe8"><enum>(ii)</enum><text display-inline="yes-display-inline">target services to low- and moderate-income persons or provide services in neighborhoods that have a high concentration of low- and moderate-income persons; and</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H4022524213E94ACA91B8C4B667D3EE8A"><enum>(D)</enum><text>by conducting other activities that assist individuals to clear title with respect to heirs’ property and with general estate planning. </text></subparagraph></paragraph></subsection></section><enum>IX</enum><header>Homeownership for Main Street America</header><section id="idafe9c0fc5c834e838a0cdd52d60b6252"><enum>901.</enum><header>Homes are for people, not corporations</header><subsection commented="no" display-inline="no-display-inline" id="id8ace6ca98f90400a846c8f7ad8f72bc6"><enum>(a)</enum><header>Definitions</header><text display-inline="yes-display-inline">In this section:</text><paragraph id="id6c12b14d068a4f5fbf230d02cfa70e61"><enum>(1)</enum><header>Consumer reporting agency</header><text>The term <term>consumer reporting agency</term> has the meaning given the term in section 603 of the Fair Credit Reporting Act (<external-xref legal-doc="usc" parsable-cite="usc/15/1681a">15 U.S.C. 1681a</external-xref>)).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ida662995ca0a34d8cbede957f60433d0b"><enum>(2)</enum><header display-inline="yes-display-inline">Excepted purchase</header><text>The term <term>excepted purchase</term> means any purchase of a single-family home that is—</text><subparagraph id="id5f8cdad990dc483597e53162b5174d8a"><enum>(A)</enum><text>newly constructed, renovated, or a rental conversion for sale by a large institutional investor and not as a residence rented pending sale;</text></subparagraph><subparagraph id="idfe571fec23764961a5e034370ee68c89"><enum>(B)</enum><text>pursuant to a build-to-rent program where the large institutional investor purchases newly constructed single-family homes to be managed as rental properties, whether as communities exclusively of renter-occupied single-family homes or as communities of single-family homes that are both owner- and renter-occupied;</text></subparagraph><subparagraph id="id7c9df4c221714fe8b7483e16211f3d73"><enum>(C)</enum><text>pursuant to a renovate-to-rent program that—</text><clause commented="no" display-inline="no-display-inline" id="idb90d305bdc8b4feab41610ea12accee7"><enum>(i)</enum><text display-inline="yes-display-inline">substantially rehabilitates single-family homes that do not meet structural or core system elements of local building codes; and </text></clause><clause commented="no" display-inline="no-display-inline" id="ida52028f1f65c42a28f48168f70e12795"><enum>(ii)</enum><text display-inline="yes-display-inline">makes improvements in an aggregate dollar amount of not less than 15 percent of the purchase price of the single-family home;</text></clause></subparagraph><subparagraph id="idf35059bfa18b4352acfe406914312d2b"><enum>(D)</enum><text>pursuant to a homeownership program that—</text><clause id="id1e5cb1b6cafc47a48581ec18945c5bd9"><enum>(i)</enum><text>requires rental payments and any other fees that are not greater than those collected by the large institutional investor on other similarly situated single-family homes not covered by the eligible homeownership program;</text></clause><clause commented="no" display-inline="no-display-inline" id="id678d9400d429458f8c839c8fb553dc25"><enum>(ii)</enum><text display-inline="yes-display-inline">is subject to a contract between the large institutional investor and renter that shall be considered a consumer credit transaction secured by a dwelling or real property;</text></clause><clause id="idf74d2156ad764e1588c4eabf860ad973"><enum>(iii)</enum><text>provides for positive reporting of rental payments to consumer reporting agencies for any renter, who shall be informed of and opts into such reporting; and</text></clause><clause id="id7fcd410021e7415b9c50e449330cb51f"><enum>(iv)</enum><text>requires contribution of meaningful financial support from the large institutional investor, including price concessions, for the purchase of the single-family home by the renter;</text></clause></subparagraph><subparagraph id="ide959a3d68cf245fb8ffb81626237546b"><enum>(E)</enum><text>pursuant to a program to boost homeownership that—</text><clause id="id7f53802a9de948088a9844862925f98b"><enum>(i)</enum><text>provides for positive reporting of rental payments to consumer reporting agencies for any renter, who shall be informed of and opts into such reporting; </text></clause><clause id="id7b716870e3c9438abc80d941da6ce7cd"><enum>(ii)</enum><text>provides for the right of first refusal and a 30-day <quote>first look</quote> period; and</text></clause><clause id="id1fcc85436b6f4068909f7afa84e27d67"><enum>(iii)</enum><text>may entail the meaningful financial support from the large institutional investor, including price concessions, for the purchase of a single-family home by the renter (whether it is the home the renter occupies or another home);</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id75d96194520e47fe878f022f62b4f9a4"><enum>(F)</enum><text display-inline="yes-display-inline">in connection with the satisfaction of debts previously contracted in good faith and where the large institutional investor has the right to repossess the single-family home under such contract;</text></subparagraph><subparagraph id="idc127693158f84dd9b9801a7444427c82"><enum>(G)</enum><text>undertaken by a mortgage servicer, lender, or other entity that has a legal right to a single-family home, for the purpose of loss mitigation or compliance with servicing or investor obligations, and not as a long-term investment strategy, and is solely as a result of—</text><clause id="idd7acc838d3ba40a3af955fe393b6ee2a"><enum>(i)</enum><text>a foreclosure;</text></clause><clause id="id28798cf01d604ac790ef35695bfa48d9"><enum>(ii)</enum><text>a deed-in-lieu of foreclosure;</text></clause><clause id="id1604af05413e44498b06e0165e3bdc2b"><enum>(iii)</enum><text>enforcement of a mortgage, deed of trust, or other security interest; or</text></clause><clause id="id23be1407e6964b9b9f2dbbad8c969a35"><enum>(iv)</enum><text>operation of law following borrower default;</text></clause></subparagraph><subparagraph id="id647e474b1ecc474a9e6774fbaaa4344f"><enum>(H)</enum><text>purchased from another large institutional investor that either owned the single-family home on the date of enactment of this Act or purchased the single-family home in compliance with this section;</text></subparagraph><subparagraph id="id02634ab602ad45c4a0eff1802ff51260"><enum>(I)</enum><text>purchased from an investor not covered under this section, so long as the purchase occurred not more than 2 years after the effective date under subsection (f);</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id2737fb5328bf42c69e0df40d75386c1d"><enum>(J)</enum><text>newly constructed, renovated, or a rental conversion that is intended and operated for occupancy as part of a community for households with 1 or more members aged 55 years or older, and satisfies visitability standards established by the Secretary of Housing and Urban Development; or</text></subparagraph><subparagraph id="id7146968e7c3d4d3fa1fe1876f62c901e" commented="no"><enum>(K)</enum><text>purchased through a single purchase or combination or series of purchases described in subparagraphs (A) through (J).</text></subparagraph></paragraph><paragraph id="id7cb8d23d3c17445d829fe849fd1d9b51"><enum>(3)</enum><header>Single-family home</header><text>The term <term>single-family home</term>—</text><subparagraph commented="no" display-inline="no-display-inline" id="idd8588062ad7f4d30a00814898bbb6cba"><enum>(A)</enum><text display-inline="yes-display-inline">means a structure that contains 2 or fewer dwelling units that are each intended for residential occupancy by a single household; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idb2dbceda61214e8eb17299841cf3bc2e"><enum>(B)</enum><text display-inline="yes-display-inline">does not include a manufactured home, as defined in section 603 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/42/5402">42 U.S.C. 5402</external-xref>). </text></subparagraph></paragraph><paragraph id="idaf09a04444624a31af8a8e0c83574991"><enum>(4)</enum><header>Large institutional investor</header><subparagraph id="ida5872368cbbc4f648e84d52a922cb453"><enum>(A)</enum><header>In general</header><text>The term <term>large institutional investor</term>—</text><clause commented="no" display-inline="no-display-inline" id="id3cd99335002947e0b32a9b2967fbc68b"><enum>(i)</enum><text display-inline="yes-display-inline">means an investment fund, corporation, general or limited partnership, limited liability company, joint venture, association, or other for-profit entity that is a legal entity structured in a manner that is not aforementioned that—</text><subclause id="idc464b290a8a74028a4bc3876eca1fe8a"><enum>(I)</enum><text>is engaged, in whole or in part, in the business of investing in, owning, renting, managing, or holding single-family homes; and</text></subclause><subclause id="id47a73589e8a94f32a799038730feabc4"><enum>(II)</enum><text>alone or in concert with 1 or more other entities, beginning after the date of enactment of this Act, directly or indirectly has investment control of not less than 350 single-family homes in the aggregate, not including any single-family home purchased in an excepted purchase made after the date of enactment of this Act; and</text></subclause></clause><clause commented="no" display-inline="no-display-inline" id="idc2959e32bceb4e639e15175ee89d1d6d"><enum>(ii)</enum><text>does not include any local, State, Tribal, or Federal government entity or instrumentality thereof.</text></clause></subparagraph><subparagraph id="id0c64f03b48b5463cb93514e400daf99b"><enum>(B)</enum><header>Rule of construction</header><text>For purposes of this paragraph, an entity has direct or indirect investment control over a single-family home if the entity—</text><clause id="id069f3f18bcc4428e9912d4cd9e516dbc"><enum>(i)</enum><text>owns, or has primary authority or fiduciary responsibility to make material investment or management decisions relating to, the single-family home;</text></clause><clause id="ide398ad64f2aa438b82e7d30cf53f6247"><enum>(ii)</enum><text>is, or directly or indirectly controls, the general partner or managing member of the entity that owns the single-family home;</text></clause><clause id="id07c2b1993b174e39bcda05e8298f090c"><enum>(iii)</enum><text>is or controls the investment manager, management company, or investment advisor of the entity that owns the single-family home;</text></clause><clause commented="no" display-inline="no-display-inline" id="id8ae557979e594da798ed7ed4ad4624f1"><enum>(iv)</enum><text display-inline="yes-display-inline">owns or controls more than 25 percent of any class of equity interests of the entity that owns the single-family home, unless such entity is a passive investor; or</text></clause><clause id="id4d336c1010014d1d9edb433c0f5011dd"><enum>(v)</enum><text>otherwise controls the entity that owns the single-family home.</text></clause></subparagraph></paragraph><paragraph id="id22dc57cb8cbc4e238e14d7563bc68c40"><enum>(5)</enum><header>Purchase</header><text>The term <term>purchase</term> includes any purchase, transfer, or other acquisition of a single family home, including through mergers, acquisitions, construction, foreclosures, or bulk purchases, whether or not for cash consideration.</text></paragraph></subsection><subsection id="idf1c553660b6f4ccdb6d3f55e59808e2c"><enum>(b)</enum><header>Prohibition on purchases by large institutional investors</header><paragraph id="id72352fdf1fbd49ae9c277f7d6bd232f5"><enum>(1)</enum><header>In general</header><text>No large institutional investor may purchase, or enter into a contract to directly or indirectly purchase, any single-family home.</text></paragraph><paragraph id="idcf660a1cf1cc44209ffd92ca707033d6"><enum>(2)</enum><header>Exceptions</header><text>The prohibition under paragraph (1) shall not apply to—</text><subparagraph id="id888d6e57daa9453c95e56488787246c0"><enum>(A)</enum><text>any excepted purchase; or</text></subparagraph><subparagraph id="id7e06dc1b76e74d2dafadaa21df487405" commented="no"><enum>(B)</enum><text>any purchase of a single-family home in connection with a restructuring or other reorganization of ownership of single-family homes that were owned or purchased on or before the date of enactment of this Act.</text></subparagraph></paragraph><paragraph id="idb353d219b3b044c693d6580cca623b0d"><enum>(3)</enum><header>Rule of construction</header><text>Nothing in this section may be construed to—</text><subparagraph commented="no" display-inline="no-display-inline" id="id06f10b4c89e54df883acaefd947fbd3f"><enum>(A)</enum><text display-inline="yes-display-inline">require any large institutional investor to divest or otherwise sell any single-family home purchased before the date of enactment of this Act; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id95f4b01e986245faba3cef8c447495d2"><enum>(B)</enum><text>prevent the filing of a petition, or otherwise affect any bankruptcy proceeding, under title 11, United States Code. </text></subparagraph></paragraph><paragraph id="id85fbf8fa01f54150803a36df397d93e0"><enum>(4)</enum><header>Implementation</header><subparagraph id="id4a31f2e0b8e542faaf5a194a1bc4b513"><enum>(A)</enum><header>In general</header><text>In consultation with the Secretary of Housing and Urban Development, the Director of Federal Housing Finance Agency, and the Chair of the Securities and Exchange Commission, the Secretary of the Treasury may issue regulations in accordance with the notice and comment rulemaking procedures under section 553 of title 5, United States Code, to carry out the purposes of this section, including regulations to—</text><clause id="idc8b50e8cbb654a7cac998327867fc3ae"><enum>(i)</enum><text>minimize market disruptions upon identifying a risk of material negative impact on the housing market, including an impact on the ability of market participants to dispose of single-family homes in an orderly fashion;</text></clause><clause id="idb0dbe0ceefc84310b0ef7c599a11b16d"><enum>(ii)</enum><text>mitigate, to the extent possible, negative impacts on consumers and communities; and</text></clause><clause id="id2b9470da4e4e4127afe92010a11ccdfa"><enum>(iii)</enum><text>further clarify the application of the terms <quote>large institutional investor</quote>, <quote>single-family home</quote>, and <quote>excepted purchase</quote>, if the Secretary of the Treasury determines that such regulations will advance the availability of single-family homes for purchase by individual households.</text></clause></subparagraph><subparagraph id="ida9e1722eb2ab493ab39fe38a4fa8d28a"><enum>(B)</enum><header>Rule of construction</header><text>For the avoidance of doubt, no regulation issued under subparagraph (A) may amend the definitions of the terms defined under subsection (a), including to—</text><clause id="id94e6d3e126054701a6c02e4c1219b1f3"><enum>(i)</enum><text>alter the scope of excepted purchases in a manner that would undermine the goal of expanding the number of single-family homes available to individual households for purchase;</text></clause><clause id="id1572e59d6d4c4026b0284d0e41f46dfe"><enum>(ii)</enum><text>alter any type of excepted purchase in a manner that would undermine the goal of expanding the number of single-family homes available to individual households for purchase;</text></clause><clause id="idcb11ee5567a342a4b44697ec6ff9d598"><enum>(iii)</enum><text>add any category of large institutional investor as an eligible class if not determined by this section; or</text></clause><clause id="id4dedf53e9a54405a8b969ebdd98d1273"><enum>(iv)</enum><text>alter the quantitative threshold in the definition of <quote>large institutional investor</quote>.</text></clause></subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id226bea0ead4d4fa1b397e519e7bee0d7"><enum>(c)</enum><header>Disposal of homes under excepted purchases</header><paragraph commented="no" display-inline="no-display-inline" id="idc2258be2051543dcbc4e81c0c1a27934"><enum>(1)</enum><header display-inline="yes-display-inline">Requirement to dispose</header><subparagraph commented="no" display-inline="no-display-inline" id="id97fce44829b74e29a79a080925f9fef5"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text>With respect to the purchase by a large institutional investor of a single-family home described in subparagraph (A), (B), or (C) of subsection (a)(2), or with respect to the purchase by a large institutional investor of a single-family home described in subparagraph (J) of subsection (a)(2) that ceases to meet the requirements of such subparagraph, the large institutional investor shall dispose of the single-family home to an individual homebuyer not later than 7 years after the date of purchase. </text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id5b977b3ae0e740dda4766ac670405b65"><enum>(B)</enum><header>Subsequent purchase</header><text display-inline="yes-display-inline">For the avoidance of doubt, any purchase of a single-family home described in subparagraph (A), (B), (C), or (J) of subsection (a)(2) shall remain subject to the terms of this section notwithstanding a subsequent purchase by a large institutional investor pursuant to another subparagraph of subsection (a)(2).</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id59c5dbdab08e4c0e9cbe3bf843cf7c34"><enum>(2)</enum><header>Application</header><subparagraph id="id4a2ea48f7ae642e2bce5969b62259013"><enum>(A)</enum><text>Paragraph (1) shall not apply in the case of any large institutional investor which is a real estate investment trust if the disposal of such property would be a prohibited transaction that would lead to a 100 percent tax under the statute governing such types of entities.</text></subparagraph><subparagraph id="id3fb595ac62da4de98f0256dce857e382"><enum>(B)</enum><text>In the case of a large institutional investor that has an active leasing contract with the renter of a single-family home described in paragraph (1) that went into effect not later than 6 months before the date of disposal under that paragraph, nothing in that paragraph shall be construed to require the large institutional investor to dispose of the single-family home subject to this subsection until the date on which such contract expires.</text></subparagraph></paragraph><paragraph id="id70df7d0071994b02be3dfb8f2e59c85f"><enum>(3)</enum><header>Requirements for disposal</header><subparagraph id="id0b638950d1404612913c4deffdf344a9"><enum>(A)</enum><header>Renter accommodations</header><text>In the case of a renter described in paragraph (2)(B)—</text><clause commented="no" display-inline="no-display-inline" id="idc5286771a8ed4e5090b1bb097ed5ef30"><enum>(i)</enum><text display-inline="yes-display-inline">the large institutional investor may provide the renter with the option to renew the active leasing contract in such subsection, except that the aggregate leasing period of renewals shall not exceed 36 consecutive months;</text></clause><clause id="id2bb1b9998bd948eca3524f2b8c6af8ee"><enum>(ii)</enum><text>the large institutional investor shall confirm whether the renter opts to renew the leasing contract, within the limitations of clause (i), through a written attestation; and</text></clause><clause id="idc88269b72d474e4984bdc8436d576688"><enum>(iii)</enum><text>the large institutional investor shall advertise the home pursuant to subparagraph (C) beginning on the earlier of—</text><subclause commented="no" display-inline="no-display-inline" id="idc846ea6be7644649a33da79e4f8b1ded"><enum>(I)</enum><text display-inline="yes-display-inline">the date on which the renter declines to renew the leasing contract; or </text></subclause><subclause commented="no" display-inline="no-display-inline" id="idd06c9c46a06245dba2981b59a44e139a"><enum>(II)</enum><text display-inline="yes-display-inline">the date on which the leasing contract expires.</text></subclause></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idd2345bddf081478894ff75f5f2043a0f"><enum>(B)</enum><header>Renter option to purchase</header><text>Before the large institutional investor disposes of a single-family home described in paragraph (1), the renter of the single-family home described in paragraph (2)(B) shall have the right of first refusal and a 30-day <quote>first look</quote> period to purchase the single-family home.</text></subparagraph><subparagraph id="id3b0056dca26c4019baaf7ac949756141" commented="no"><enum>(C)</enum><header>Advertisement of property</header><clause commented="no" display-inline="no-display-inline" id="idb7494a63cf8f4bc49286dd48173c58f8"><enum>(i)</enum><header display-inline="yes-display-inline">In general</header><text>On the date that a renter described in paragraph (2)(B) declines to renew an active leasing contract with a large institutional investor under subparagraph (A), or declines a single-family home under subparagraph (B), the single-family home shall be—</text><subclause commented="no" display-inline="no-display-inline" id="idf648070d07684e4f89944a9fdcf9c83e"><enum>(I)</enum><text display-inline="yes-display-inline">widely advertised and free to access, and listed in publications, which may include internet platforms or a national Multiple Listing Service, by the large institutional investor; and</text></subclause><subclause id="idd58ae79801f84fc49d2675c54a6f6142" commented="no"><enum>(II)</enum><text>made broadly accessible to individual homebuyers and the general public, including any licensed real estate agents representing potential buyers.</text></subclause></clause><clause commented="no" display-inline="no-display-inline" id="id07161c78d0f64d7ca1b231194bc6057c"><enum>(ii)</enum><header>Compliance</header><text>If a single-family home described in paragraph (1) is not purchased, or no offer to purchase is made, by an individual homebuyer within 60 days of the date on which the single-family home is advertised under clause (i), the large institutional investor shall be considered to be in compliance with the disposal requirements under paragraph (1).</text></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id946c50ba17324bc0be52f01c65e98abe"><enum>(D)</enum><header>Rule of construction</header><text display-inline="yes-display-inline">Nothing in this paragraph shall be construed to require a renter to renew a lease or to affect State or local tenant-landlord laws regarding requirements related to lease renewal processes or leasing periods.</text></subparagraph></paragraph></subsection><subsection id="id63e10b85f8a14523a3d6485c048230cd"><enum>(d)</enum><header>Enforcement</header><paragraph id="idcbabac24d40f490187dc7b6521f643bd"><enum>(1)</enum><header>Civil penalties</header><text>Any large institutional investor that violates subsection (b) or paragraph (1) or (2)(B) of subsection (c) shall be subject to a civil penalty of not more than $1,000,000 per violation, or 3 times the purchase price of the property involved, whichever is greater, enforced by the Secretary of the Treasury.</text></paragraph><paragraph id="id3d2c0dba88aa4982b4670095b2395571"><enum>(2)</enum><header>Transfer to HUD for homeownership expansion activities</header><text>For fiscal year 2027 and each fiscal year thereafter, to the extent and in the amounts provided in advance in appropriations Acts, civil penalties assessed under this section shall be transferred to and available to the Secretary of Housing and Urban Development to provide additional funding for the HOME Investment Partnerships program under subtitle A of title II of the Cranston-Gonzalez National Affordable Housing Act (<external-xref legal-doc="usc" parsable-cite="usc/42/12741">42 U.S.C. 12741 et seq.</external-xref>), to be allocated in accordance with the formula under that program, for new construction, acquisition, and rehabilitation of single-family homes and to provide assistance grants to first-time homebuyers, which may be for downpayments, closing costs, and interest rate buydowns.</text></paragraph></subsection><subsection id="id2cc255e83edd4cea89a97da9dff46f9a"><enum>(e)</enum><header>Studies on large institutional investors</header><paragraph id="id7749aa24d00f40f2bc2346fc9ad8d9e2"><enum>(1)</enum><header>GAO report</header><text>Not later than 2 years after the date on which the prohibition under subsection (b)(1) takes effect, and again not later than 10 years after that date, the Comptroller General of the United States shall submit to the Senate Committee on Banking, Housing and Urban Affairs and the House Committee on Financial Services a report on—</text><subparagraph id="idbf45ca7304fe4e5aaa5305d6390d0fff"><enum>(A)</enum><text>the impact of the ownership by large institutional investors of single-family homes on housing availability and affordability for renters and homebuyers; and</text></subparagraph><subparagraph id="id9f8e1cc418b74f3b940bc638970b2e16"><enum>(B)</enum><text>the effectiveness of this section in reducing demand by large institutional investors for single-family homes and expanding homeownership for renters and homebuyers.</text></subparagraph></paragraph><paragraph id="id6c74c8ea15494fdcb54240e4901cca8c"><enum>(2)</enum><header>HUD report</header><text>Not later than 2 years after the date on which the prohibition under subsection (b)(1) takes effect, and again not later than 10 years after that date, the Secretary of the Housing and Urban Development, in consultation with the Secretary of the Treasury, the Administrator of the Rural Housing Service, the Executive Director of the Loan Guaranty Service of the Department of Veterans Affairs, the Chair of Securities and Exchange Commission, and the Director of the Federal Housing Finance Agency, shall submit to the Committee on Banking, Housing and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on—</text><subparagraph id="id51f16d27d05d48f1b7677d076dc2ac10"><enum>(A)</enum><text>whether there should be adjustments to the definition of the term <quote>large institutional investor</quote>;</text></subparagraph><subparagraph id="idd68c37bbacf844209423fdb8cc8711f1"><enum>(B)</enum><text>the financial impact of this section on large institutional investors, renters, and homebuyers; and</text></subparagraph><subparagraph id="id9f6cdda24fff46e9ac5c07b44d0ef536"><enum>(C)</enum><text>any legislative recommendations regarding ways to improve the authorities provided under this section to increase the supply and affordability of single-family homes for purchase by individual homebuyers.</text></subparagraph></paragraph><paragraph id="id64db70c6ae954a049bceed5d08539e1b"><enum>(3)</enum><header>Sense of Congress</header><text>It is the sense of Congress that—</text><subparagraph commented="no" display-inline="no-display-inline" id="id96d50e05d7954c16a27dc2c6fff15274"><enum>(A)</enum><text display-inline="yes-display-inline">this section is intended to expand the number of single-family homes available to individuals for purchase and is aimed at preserving and expanding the supply of single-family homes available to individuals; and</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id1e4d20e021694525b8443bb996513134"><enum>(B)</enum><text display-inline="yes-display-inline">any further study on the effectiveness of this section and any legislative recommendations therefrom should consider this sense of Congress.</text></subparagraph></paragraph></subsection><subsection id="idf7dc61898bc744a2a9ad549a691acb2e"><enum>(f)</enum><header>Effective date</header><text display-inline="yes-display-inline">The requirements and prohibitions under subsections (b), (c), and (d) of this section—</text><paragraph commented="no" display-inline="no-display-inline" id="idbffdcc9eca9d4177b91d01825d63afe9"><enum>(1)</enum><text display-inline="yes-display-inline">shall take effect on the date that is 180 days after the date of enactment of this Act; and</text></paragraph><paragraph id="id4963084b96654f2c9afeed8f38ab082d" commented="no" display-inline="no-display-inline"><enum>(2)</enum><text>are repealed on the date that is 15 years after the effective date under paragraph (1).</text></paragraph></subsection></section><enum>X</enum><header>Central bank digital currency</header><section id="id9dcb1ae858d646dab16477386f647b0a"><enum>1001.</enum><header>Central bank digital currency</header><text display-inline="no-display-inline">The Federal Reserve Act (<external-xref legal-doc="usc" parsable-cite="usc/12/221">12 U.S.C. 221 et seq.</external-xref>) is amended by inserting after section 16 (<external-xref legal-doc="usc" parsable-cite="usc/12/411">12 U.S.C. 411 et seq.</external-xref>) the following:</text><quoted-block style="OLC" display-inline="no-display-inline" id="id781f0a2dac4345e08af4c093b252bed6"><section id="id5e0d43191c6a47768d6d47af7ccb65f0"><enum>16A.</enum><header>Central bank digital currency</header><subsection id="id82f87a4995514e05a0952cd1c0d63243"><enum>(a)</enum><header>Definitions</header><text>In this section:</text><paragraph commented="no" display-inline="no-display-inline" id="id012c9c2c0e1b4b41bb3e1cc9ea8c9891"><enum>(1)</enum><header>Central bank digital currency</header><text display-inline="yes-display-inline">The term <term>central bank digital currency</term> means a digital asset that—</text><subparagraph id="id4484e472331f4b69a1a59c4a2305f400"><enum>(A)</enum><text>is denominated in United States dollars;</text></subparagraph><subparagraph id="idb4b47b9e74aa473faf44a927b30b320f"><enum>(B)</enum><text>is a United States currency;</text></subparagraph><subparagraph id="id2df89bc71c79466db890ba3d92201063"><enum>(C)</enum><text>is a direct liability of the Federal Reserve System; and</text></subparagraph><subparagraph id="idcda5d124b29c490fa90c8e365894a570"><enum>(D)</enum><text>is widely available to the general public.</text></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id16fae2b010da49ed8af342bd04b7b767"><enum>(2)</enum><header>Digital asset</header><text>The term <term>digital asset</term> has the meaning given the term in section 2 of the GENIUS Act (<external-xref legal-doc="usc" parsable-cite="usc/12/5901">12 U.S.C. 5901</external-xref>).</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idc8dbee7d19954db19021be054a59c9f0"><enum>(b)</enum><header display-inline="yes-display-inline">Prohibition</header><text>Except as provided in subsection (c), the Board of Governors of the Federal Reserve System or a Federal reserve bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency directly or indirectly through a financial institution or other intermediary.</text></subsection><subsection id="id06551cca949844caa5273a64cf6a8faf"><enum>(c)</enum><header>Exception</header><text>Subsection (b) shall not prohibit any dollar-denominated currency that is open, permissionless, and private, and fully preserves the privacy protections of United States coins and physical currency.</text></subsection><subsection id="id7514edc1da53447bbb30330df4ad3fc2"><enum>(d)</enum><header>Sunset</header><text>This provisions of this section shall cease to be effective on December 31, 2030.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></section><enum>XI</enum><header>Miscellaneous</header><section id="idc1fb255fe37344cb95eb9fd5fdeefb72" commented="no"><enum>1101.</enum><header>Severability</header><text display-inline="no-display-inline">If any provision of this Act, or the application thereof to any person or circumstance, is held invalid, the remainder of the Act, and the application of such provisions to other persons or circumstances, shall not be affected thereby.</text></section><section commented="no" display-inline="no-display-inline" section-type="subsequent-section" id="idc8467b381577434dabd16339c1281862"><enum>1102.</enum><header>No additional funds authorized</header><text display-inline="no-display-inline">No additional funds are authorized to be appropriated to carry out the requirements of this Act or any amendment made by this Act.</text></section>

Secretary