,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #aeej  ,,in ,,the ,,house ,,of  
,,representatives  ,april #ae1 #bjac    
,mr4 ,kildee 7for himself and ,mr4      
,turner7 introduced the following bill2 
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
allow use of assistance under the       
,hardest ,hit ,fund program under the   
,troubled ,assets ,relief ,program of   
the ,department of the ,treasury for    
demolition of foreclosed-upon properties
 and related expenses4  #a4 ,short title
 ,this ,act may be cited as the         
,revitalize ,america ,act of #bjac4  #b4
 ,use of ,hardest ,hit ,fund amounts for
 demolition and related activities  7a7 
,authority ,notwithstanding any         
provision of title ,i of the ,emergency 
,economic ,stabilization ,act of #bjjh  
7#ab ,u4,s4,c4 #ebaa et seq471 any      
regulation1 guidance1 order1 or other   
directive of the ,secretary of the      
,treasury1 or any agreement 7or         
amendment thereto7 entered into under   

the ,hardest ,hit ,fund program of the  
,secretary under such title ,i1 of any  
amounts of assistance that have been1 or
 are1 allocated for or provided to a    
,state or ,state agency through the     
,hardest ,hit ,fund program1 up to #be  
percent may be used for demolition of   
foreclosed-upon properties and related  
expenses1 subject to the limitations in 
this section4  7b7 ,subgrantees2        
ownership of property ,assistance       
amounts referred to in subsection 7a7   
may be used for the activities          
authorized under subsection 7a7 only--  
7#a7 pursuant to a grant of such        
assistance amounts to a public          
organization that shall administer such 
activities2 and  7#b7 if the            
foreclosed-upon properties to be        
demolished using such assistance are    
owned at the time of such demolition by 
the public organization that received   
the grant of assistance amounts referred
 to in paragraph 7#a74  7c7 ,definitions
 ,for purposes of this section1 the     

following definitions shall apply3  7#a7
 ,foreclosed-upon ,the term             
foreclosed-upon means1 with respect to a
 property1 that one or more of the      
following conditions applies3  7,a7 ,the
 property's current delinquency status  
is at least #fj days delinquent under   
the ,mortgage ,bankers of ,america      
delinquency calculation and the owner   
has been notified of this delinquency4  
7,b7 ,the property owner is #ij days or 
more delinquent on tax payments4  7,c7  
,under ,state1 local1 or tribal law1    
foreclosure proceedings have been       
initiated or completed4  7,d7           
,foreclosure proceedings have been      
completed and title has been transferred
 to an intermediary aggregator or       
servicer4  7#b7 ,public organization    
,the term public organization means1    
with respect to a ,state for which      
assistance under the ,hardest ,hit ,fund
 program is made available1 a public    
entity separate from the government of  
such ,state1 including a public         

corporation1 public land bank1 or       
similar entity formed under ,state law4 
,such term does not include an agency of
 the ,state government4 ,notwithstanding
 any provision of title ,i of the       
,emergency ,economic ,stabilization ,act
 of #bjjh 7#ab ,u4,s4,c4 #ebaa et seq471
 such term public includes entities that
 are not financial institutions within  
the meaning given such term for purposes
 of such title ,i4  7#c7 ,related       
expenses ,the term related expenses     
includes expenses of acquiring          
foreclosed-upon properties to be        
demolished1 but if such acquisition     
costs for a property do not exceed fair 
market value of the property1           
environmental cleanup of demolition     
sites1 fencing and minor landscaping    
connected to such demolition1           
maintenance1 disposition1 and for such  
other expenses as the ,secretary may    
provide4  7#d7 ,property ,the term      
property includes residential and       
commercial properties1 including        

single-family and multifamily housing   
and industrial properties4