,i #aac? ,,congress #a/ ,session ,h4 ,r4 #acig ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #ba1 #bjac ,ms4 ,wat]s 7= h]self1 ,mr4 ,ellison1 ,mr4 ,cicill9e1 ,mrs4 ,beatty1 ,ms4 ,bass1 ,mrs4 ,*ri/5s51 ,ms4 ,eddie ,b]nice ,johnson ( ,texas1 ,ms4 ,wilson ( ,florida1 ,mr4 ,payne1 ,ms4 ,sewell ( ,alabama1 ,mr4 ,david ,scott ( ,georgia1 ,mr4 ,johnson ( ,georgia1 ,mr4 ,cleav]1 ,mr4 ,ha/+s ( ,florida1 ,mr4 ,veasey1 ,mr4 ,ri*mond1 ,mr4 ,clyburn1 ,mr4 ,watt1 ,mr4 ,?ompson ( ,mississippi1 & ,ms4 ,edw>ds7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to create jobs & re9ve/ 9 communities ?r\gh ! rehabilitation ( ab&on$ & =eclos$ resid5tial & comm]cial prop]ties1 & = o!r purposes4 #a4 ,%ort title & table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,project ,rebuild ,act ( #bjac4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title & table ( cont5ts4 ,sec4 #b4 ,direct appropriations4 ,sec4 #c4 ,allocation ( appropriat$ am\nts4 ,sec4 #d4 ,use ( funds4 ,sec4 #e4 ,limitations4 ,sec4 #f4 ,rules ( con/ruction4 ,sec4 #g4 ,au?ority to specify alt]native requirem5ts4 ,sec4 #h4 ,nationwide di/ribution ( res\rces4 ,sec4 #i4 ,limitation on use ( funds ) respect to em95t doma94 ,sec4 #aj4 ,limitation on di/ribution ( funds4 ,sec4 #aa4 ,r5tal h\s+ pref]5ces4 ,sec4 #ab4 ,job creation4 ,sec4 #ac4 ,program support & capacity build+4 ,sec4 #ad4 ,en=cem5t & prev5tion ( fraud & abuse4 ,sec4 #ae4 ,con=mance ( policies & proc$ures4 ,sec4 #af4 ,sev]ability4 ,sec4 #ag4 ,buy ,am]ican--use ( ,am]ican iron1 /eel1 & manufactur$ goods4 ,sec4 #ah4 ,wage rate & employm5t protection requirem5ts4 #b4 ,direct appropriations ,!re is appropriat$1 out ( any money 9 ! ,treasury n o!rwise appropriat$1 #ae1jjj1jjj1jjj1 to rema9 available until ,septemb] #cj1 #bjaf1 = assi/ance to eligible entities1 includ+ ,/ates & units ( g5]al local gov]nm5t 7z su* t]ms are def9$ 9 section #ajb ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb771 & qualifi$ nonpr(it organizations1 bus9esses or consortia ( eligible entities1 = ! r$evelopm5t ( ab&on$ & =eclos$-^u prop]ties & = ! /abilization ( affect$ neighborhoods4 #c4 ,allocation ( appropriat$ am\nts 7a7 ,9 g5]al ,( ! am\nts appropriat$1 two-?irds %all be allocat$ to ,/ates & units ( g5]al local gov]nm5t bas$ on a fund+ =mula e/abli%$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t 79 ?is ,act ref]r$ to z ! ,secret>y74 ,( ! am\nts appropriat$1 "o-?ird %all be di/ribut$ competitively to eligible entities4 7b7 ,=mula ,to be devis$ swiftly ,! fund+ =mula requir$ "u subsection 7a7 %all be e/abli%$ & ! ,secret>y %all ann\nce =mula fund+ allocations1 n lat] ?an #cj days aft] ! date ( enactm5t ( ?is ,act4 7c7 ,=mula crit]ia ,! ,secret>y may e/abli% a m9imum grant size1 & ! fund+ =mula requir$ "u subsection 7a7 %all ensure t any am\nts appropriat$ or o!rwise made available "u ?is ,act are allocat$ to ,/ates & units ( g5]al local gov]nm5t ) ! greate/ ne$1 z su* ne$ is det]m9$ 9 ! discretion ( ! ,secret>y bas$ on-- 7#a7 ! numb] & p]c5tage ( home =eclosures 9 ea* ,/ate or unit ( g5]al local gov]nm5t2 7#b7 ! numb] & p]c5tage ( homes 9 default or del9qu5cy 9 ea* ,/ate or unit ( g5]al local gov]nm5t2 & 7#c7 o!r factors su* z e/abli%$ program designs1 grantee capacity & p]=mance1 numb] & p]c5tage ( comm]cial =eclosures1 ov]all economic conditions1 & o!r m>ket ne$s data1 z det]m9$ by ! ,secret>y4 7d7 ,competition crit]ia 7#a7 ,eligible entities ,= ! funds di/ribut$ competitively1 eligible entities %all be ,/ates1 units ( g5]al local gov]nm5t1 nonpr(it entities1 =-pr(it entities1 & consortia ( eligible entities t demon/rate capacity to use fund+ )9 ! p]iod ( ?is program4 7#b7 ,selection crit]ia ,9 select+ grantees1 ! ,secret>y %all ensure t grantees are 9 areas ) ! greate/ numb] & p]c5tage ( resid5tial & comm]cial =eclosures & o!r m>ket ne$s data1 z det]m9$ by ! ,secret>y4 ,additional aw>d crit]ia %all include demon/rat$ grantee capacity to execute projects involv+ acquisition & rehabilitation or r$evelopm5t ( =eclos$ resid5tial & comm]cial prop]ty & neighborhood /abilization1 lev]age1 k ( m>ket conditions & ( effective /abilization activities to address id5tifi$ conditions1 & any additional factors det]m9$ by ! ,secret>y4 7#c7 ,m9imum grant size ,! ,secret>y may e/abli% a m9imum grant size4 7#d7 ,publication ( crit]ia ,! ,secret>y %all publi% competition crit]ia = any grants aw>d$ "u ?is ,act n lat] ?an #fj days aft] appropriation ( funds1 & applications %all be due to ! ,secret>y )9 #abj days4 #d4 ,use ( funds 7a7 ,obligation & exp5diture ,! ,secret>y %all obligate all fund+ )9 #aej days ( enactm5t ( ?is ,act4 ,any eligible entity t receives am\nts pursuant to ?is ,act %all exp5d all funds allocat$ to x )9 ?ree ye>s ( ! date ! funds become available to ! grantee = obligation4 ,fur!rmore1 ! ,secret>y %all by notice e/abli% int]m$iate exp5diture b5*m>ks at ! "o & two ye> dates f ! date ! funds become available to ! grantee = obligation4 7b7 ,priorities 7#a7 ,job creation ,ea* grantee or eligible entity %all describe h[ its propos$ use ( funds w prioritize job creation1 & secondly1 w address goals to /abilize neighborhoods1 rev]se vacancy1 or increase or /abilize resid5tial & comm]cial prop]ty values4 7#b7 ,t>get+ ,any ,/ate or unit ( g5]al local gov]nm5t t receives =mula am\nts pursuant to ?is ,act %all1 9 di/ribut+ & t>get+ su* am\nts give priority emphasis & consid]ation to ^? metropolitan areas1 metropolitan cities1 urban areas1 rural areas1 l[- & mod]ate-income areas1 & o!r areas ) ! greate/ ne$1 includ+ ^?-- 7,a7 ) ! greate/ p]c5tage ( home =eclosures2 7,b7 id5tifi$ z likely to face a significant rise 9 ! rate ( resid5tial or comm]cial =eclosures2 & 7,c7 ) high] ?an national av]age unemploym5t rate4 7#c7 ,lev]age ,ea* grantee or eligible entity %all describe h[ its propos$ use ( funds w lev]age private funds4 7c7 ,eligible uses ,am\nts made available "u ?is ,act may be us$ to-- 7#a7 e/abli% f9anc+ me*anisms = ! pur*ase & r$evelopm5t ( ab&on$ & =eclos$-^u prop]ties1 includ+ su* me*anisms z s(t-seconds1 loan loss res]ves1 & %>$-equity loans = l[- & mod]ate-income homebuy]s2 7#b7 pur*ase & rehabilitate prop]ties t h be5 ab&on$ or =eclos$-^u1 9 ord] to sell1 r5t1 or r$evelop su* prop]ties2 7#c7 e/abli% & op]ate l& banks = prop]ties t h be5 ab&on$ or =eclos$-^u2 7#d7 demoli% blight$ /ructures2 7#e7 r$evelop ab&on$1 =eclos$1 demoli%$1 or vacant prop]ties2 & 7#f7 engage 9 o!r activities1 z det]m9$ by ! ,secret>y ?r\gh notice1 t are consi/5t ) ! goals ( creat+ jobs1 /abiliz+ neighborhoods1 rev]s+ vacancy r$uction1 & increas+ or /abiliz+ resid5tial & comm]cial prop]ty values4 #e4 ,limitations 7a7 ,on pur*ases ,any pur*ase ( a prop]ty "u ?is ,act %all be at a price n to exce$ its curr5t m>ket value1 tak+ into acc\nt its curr5t condition4 7b7 ,rehabilitation ,any rehabilitation ( an eligible prop]ty "u ?is ,act %all be to ! ext5t necess>y to comply ) applicable laws1 & o!r requirem5ts relat+ to safety1 quality1 m>ketability1 & habitability1 9 ord] to sell1 r5t1 or r$evelop su* prop]ties or provide a r5ewable en]gy s\rce or s\rces = su* prop]ties4 7c7 ,sale ( homes ,if an ab&on$ or =eclos$-^u home is pur*as$1 r$evelop$1 or o!rwise sold to an individual z a prim>y resid5ce1 !n su* sale %all be 9 an am\nt equal to or less ?an ! co/ to acquire & r$evelop or rehabilitate su* home or prop]ty up to a dec5t1 safe1 m>ketable1 & habitable condition4 7d7 ,on demolition ( public h\s+ ,public h\s+1 z def9$ 9 section #c7;b77#f7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg1 may n be demoli%$ ) funds "u ?is ,act4 7e7 ,on demolition activities ,no m ?an #aj p]c5t ( any grant made "u ?is ,act may be us$ = demolition activities unless ! ,secret>y det]m9es t su* use repres5ts an appropriate response to local m>ket conditions4 7f7 ,on use ( funds = non-,resid5tial prop]ty ,no m ?an #cj p]c5t ( any grant made "u ?is ,act may be us$ = eligible activities "u p>agraphs 7#a71 7#b71 & 7#e7 ( section #d7;c7 t w n result 9 resid5tial use ( ! prop]ty involv$ unless ! ,secret>y det]m9es t su* use repres5ts an appropriate response to local m>ket conditions4 #f4 ,rules ( con/ruction 7a7 ,9 g5]al ,except z o!rwise provid$ by ?is ,act1 am\nts appropriat$1 rev5ues g5]at$1 or am\nts o!rwise made available to eligible entities "u ?is ,act %all be treat$ z ?\gh su* funds 7 community developm5t block grant funds "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq474 7b7 ,no mat* ,no mat*+ funds %all be requir$ 9 ord] = an eligible entity to receive any am\nts "u ?is ,act4 7c7 ,t5ant protections ,an eligible entity receiv+ a grant "u ?is ,act %all comply ) ! #ad?1 #ag?1 #ah?1 #ai?1 #bj?1 #ba/1 #bbnd1 & #bcrd provisos ( ! head+ ,community ,plann+ & ,developm5t--,community ,developm5t ,fun 9 title ,,xii ( ,division ,a ( ! ,am]ican ,recov]y & ,re9ve/m5t ,act ( #bjji 7,public ,law #aaa-e1 #abc ,/at4 #bah-ai71 z am5d$ by section #adig7;b77#b7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7,public ,law #aaa-bjc1 #abd ,/at4 #bbaa74 7d7 ,vic9ity hir+ ,an eligible entity receiv+ a grant "u ?is ,act %all comply ) section #adig7;a77#h7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7,public ,law #aaa-bjc1 #abi ,/at4 #bbaj74 #g4 ,au?ority to specify alt]native requirem5ts 7a7 ,9 g5]al ,9 adm9i/]+ ! program "u ?is ,act1 ! ,secret>y may specify alt]native requirem5ts to any provision "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd or "u title ,i ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act ( #aiij 7except = ^? provisions 9 ^! laws relat$ to fair h\s+1 nondiscrim9ation1 labor /&>ds1 & ! environm5t7 = ! purpose ( exp$it+ & facilitat+ ! use ( funds "u ?is ,act4 7b7 ,notice ,! ,secret>y %all provide writt5 notice ( int5t to ! public via int]net to ex]cise ! au?ority to specify alt]native requirem5ts "u subsection 7a74 7c7 ,l[- & mod]ate-,income requirem5t 7#a7 ,9 g5]al ,not)/&+ ! au?ority ( ! ,secret>y "u subsection 7a7-- 7,a7 all ( ! =mula & competitive grantee funds appropriat$ or o!rwise made available "u ?is ,act %all be us$ ) respect to individuals & families ^: income does n exce$ #abj p]c5t ( area m$ian income2 & 7,b7 n less ?an #be p]c5t ( ! =mula & competitive grantee funds appropriat$ or o!rwise made available "u ?is ,act %all be us$ = ! pur*ase & r$evelopm5t ( eligible prop]ties t w be us$ to h\se individuals or families ^: incomes d n exce$ #ej p]c5t ( area m$ian income4 7#b7 ,recurr5t requirem5t ,! ,secret>y %all1 by rule or ord]1 ensure1 to ! maximum ext5t practicable & = ! longe/ feasible t]m1 t ! sale1 r5tal1 or r$evelopm5t ( ab&on$ & =eclos$-^u homes & resid5tial prop]ties "u ?is ,act rema9 af=dable to individuals or families describ$ 9 p>agraph 7#a74 #h4 ,nationwide di/ribution ( res\rces ,not)/&+ any o!r provision ( ?is ,act1 ea* ,/ate %all receive n less ?an #bj1jjj1jjj ( =mula funds4 #i4 ,limitation on use ( funds ) respect to em95t doma9 ,no ,/ate or unit ( g5]al local gov]nm5t may use any am\nts receiv$ pursuant to ?is ,act to fund any project t seeks to use ! p[] ( em95t doma91 unless em95t doma9 is employ$ only = a public use1 :i* %all n be con/ru$ to include economic developm5t t prim>ily b5efits private entities4 #aj4 ,limitation on di/ribution ( funds 7a7 ,9 g5]al ,none ( ! funds made available "u ?is ,act %all be di/ribut$ to-- 7#a7 an organization :i* has be5 indict$ = a violation "u ,f$]al law relat+ to an election = ,f$]al (fice2 or 7#b7 an organization :i* employs applicable individuals4 7b7 ,applicable individuals def9$ ,9 ?is section1 ! t]m applicable individual means an individual :o-- 7#a7 is-- 7,a7 employ$ by ! organization 9 a p]man5t or tempor>y capacity2 7,b7 contract$ or reta9$ by ! organization2 or 7,c7 act+ on behalf (1 or ) ! express or app>5t au?ority (1 ! organization2 & 7#b7 has be5 indict$ = a violation "u ,f$]al law relat+ to an election = ,f$]al (fice4 #aa4 ,r5tal h\s+ pref]5ces ,ea* ,/ate & local gov]nm5t receiv+ =mula am\nts %all e/abli% proc$ures to create pref]5ces = ! developm5t ( af=dable r5tal h\s+4 #ab4 ,job creation ,if a grantee *ooses to use funds to create jobs by e/abli%+ & op]at+ a program to ma9ta9 eligible neighborhood prop]ties1 n m ?an #aj p]c5t ( any grant may be us$ = t purpose4 #ac4 ,program support & capacity build+ ,! ,secret>y may use up to #j4ge p]c5t ( ! funds appropriat$ = capacity build+ ( & support = eligible entities & grantees und]tak+ neighborhood /abilization programs1 /aff+1 tra9+1 te*nical assi/ance1 te*nology1 monitor+1 travel1 en=cem5t1 rese>*1 & evaluation activities1 subject to ! foll[+ requirem5ts3 7#a7 ,funds set aside = ! purposes ( ?is section %all rema9 available until ,septemb] #cj1 #bjah4 7#b7 ,any funds made available "u ?is section & us$ by ! ,secret>y = p]sonnel exp5ses relat$ to adm9i/]+ fund+ "u ?is subp>agraph %all be transf]r$ to ,p]sonnel ,comp5sation & ,b5efits1 ,community ,plann+ & ,developm5t4 7#c7 ,any funds made available "u ?is section & us$ by ! ,secret>y = tra9+ or o!r adm9i/rative exp5ses %all be transf]r$ to ,adm9i/ration1 ,op]ations1 & ,managem5t1 ,community ,plann+ & ,developm5t = non-p]sonnel exp5ses4 7#d7 ,any funds made available "u ?is section & us$ by ! ,secret>y = te*nology %all be transf]r$ to ,work+ ,capital ,fund4 #ad4 ,en=cem5t & prev5tion ( fraud1 wa/e1 & abuse ,! ,secret>y %all e/abli% & implem5t proc$ures to prev5t fraud & abuse ( funds "u ?is ,act1 & %all impose a requirem5t t grantees h an int]nal auditor to cont9u\sly monitor grantee p]=mance to prev5t fraud1 wa/e1 & abuse4 ,grantees %all provide ! ,secret>y & citiz5s ) qu>t]ly progress reports4 ,! ,secret>y %all recapture funds f =mula & competitive grantees t d n exp5d #ajj p]c5t ( allocat$ funds )9 #c ye>s ( ! date t funds become available1 & f und]p]=m+ or mismanag$ grantees1 & %all re-allocate ^? funds by =mula to t>get areas ) ! greate/ ne$1 z det]m9$ by ! ,secret>y ?r\gh notice4 ,! ,secret>y may take an alt]native sanctions action only ^u det]m9+ t su* action is necess>y to a*ieve program goals 9 a timely mann]4 #ae4 ,con=mance ( policies & proc$ures ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all to ! ext5t feasible con=m policies & proc$ures = grants made "u ?is ,act to ! policies & practices already 9 place = ! grants made "u section #bcja ( ! ,h\s+ & ,economic ,recov]y ,act ( #bjjh2 division ,a1 title ,,xii ( ! ,am]ican ,recov]y & ,re9ve/m5t ,act ( #bjji2 or section #adig ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act4 #af4 ,sev]ability ,if any provision ( ?is ,act1 or ! application !re( to any p]son or circum/ance1 is held invalid1 ! rema9d] ( ! ,act & ! application ( su* provision to o!r p]sons or circum/ances %all n be affect$ !reby4 #ag4 ,buy ,am]ican--use ( ,am]ican iron1 /eel1 & manufactur$ goods 7a7 ,buy ,am]ican ,none ( ! funds appropriat$ or o!rwise made available by ?is ,act may be us$ = a project = ! con/ruction1 alt]ation1 ma9t5ance1 or repair ( a public build+ or public "w unless all ( ! iron1 /eel1 & manufactur$ goods us$ 9 ! project are produc$ 9 ! ,unit$ ,/ates4 7b7 ,exceptions ,subsection 7a7 %all n apply 9 any case or category ( cases 9 :i* ! head ( ! ,f$]al dep>tm5t or ag5cy involv$ f9ds t-- 7#a7 apply+ subsection 7a7 w\ld be inconsi/5t ) ! public int]e/2 7#b7 iron1 /eel1 & ! relevant manufactur$ goods are n produc$ 9 ! ,unit$ ,/ates 9 suffici5t & reasonably available quantities & ( a satisfactory quality2 or 7#c7 inclusion ( iron1 /eel1 & manufactur$ goods produc$ 9 ! ,unit$ ,/ates w increase ! co/ ( ! ov]all project by m ?an #be p]c5t4 7c7 ,publication ,if ! head ( a ,f$]al dep>tm5t or ag5cy det]m9es t x is necess>y to waive ! application ( subsection 7a7 bas$ on a f9d+ "u subsection 7b71 ! head ( ! dep>tm5t or ag5cy %all publi% 9 ! ,f$]al ,regi/] a detail$ writt5 ju/ification z to :y ! provision is be+ waiv$4 7d7 ,consi/5cy ) int]national agreem5ts ,?is section %all be appli$ 9 a mann] consi/5t ) ,unit$ ,/ates obligations "u int]national agreem5ts4 #ah4 ,wage rate & employm5t protection requirem5ts 7a7 ,wage rates ,not)/&+ any o!r provision ( law & 9 a mann] consi/5t ) o!r provisions 9 ?is ,act1 all labor]s & me*anics employ$ by contractors & subcontractors on projects fund$ directly by or assi/$ 9 :ole or 9 "p by & ?r\gh ! ,f$]al ,gov]nm5t pursuant to ?is ,act %all be paid wages at rates n less ?an ^? prevail+ on projects ( a "* simil> 9 ! locality z det]m9$ by ! ,secret>y ( ,labor 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7b7 ,labor /&>ds ,) respect to ! labor /&>ds specifi$ 9 ?is section1 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,numb]$ #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 7c7 ,projects ,projects z def9$ "u title #di1 ,unit$ ,/ates ,code1 fund$ directly by or assi/$ 9 :ole or 9 "p by & ?r\gh ! ,f$]al ,gov]nm5t pursuant to ?is ,act %all be subject to ! requirem5ts ( section #eccc7;b7 ( title #di1 ,unit$ ,/ates ,code4