,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #efcb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ah1 #bjad  
,mr4 ,neugebau] introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,f9ancial ,s]vices  ,a ,,bill  ,to re=m 
& update ! flat r5t /ructure = public   
h\s+4  #a4 ,%ort title ,?is ,act may be 
cit$ z ! ,fair ,local ,adju/m5t = ,t5ant
 ,r5ts ,act ( #bjad4  #b4 ,public h\s+  
flat r5ts  7a7 ,9 g5]al ,clause 7i7 (   
section #c7;a77#b77;,b7 ( ! ,unit$      
,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4
 #adcg;a7a77#b77;,b77i77 is am5d$ to    
read z foll[s3  7i7 ,flat r5ts  7,i7 ,9 
g5]al ,ea* public h\s+ ag5cy %all       
e/abli%1 = ea* dwell+ unit 9 public h\s+
 own$ or op]at$ by ! ag5cy1 a flat r5tal
 am\nt = ! dwell+ unit1 :i* %all--  7aa7
 be bas$ on ! r5tal value ( ! unit1 z   
det]m9$ by ! public h\s+ ag5cy1 b may n 
be an am\nt t is less ?an #hj p]c5t ( ! 
applicable fair m>ket r5tal e/abli%$ "u 
section #h7;c7 ( ?is ,act2 or  7bb7 be  
e/abli%$ us+ ano!r factor z det]m9$ by !

 ,secret>y4  7,,ii7 ,exceptions ,a      
public h\s+ ag5cy may reque/ t !        
,secret>y may e/abli% a flat r5t = a    
dwell+ 9 an am\nt t is less ?an ! m9imum
 am\nt e/abli%$ pursuant to subclause   
7,i7 = ! unit1 if ! public h\s+ ag5cy   
demon/rates t su* m9imum am\nt is n an  
accurate measure ( ! r5tal value = !    
unit4  7,,iii7 ,r5t increases ,if a new 
flat r5tal am\nt e/abli%$ pursuant to   
?is clause = a dwell+ unit w\ld increase
 ! exi/+ r5tal paym5t ( any family      
resid+ 9 public h\s+ z ( implem5tation (
 su* flat r5t by m ?an #ce p]c5t1 ! new 
flat r5tal am\nt %all be phas$ 9 z      
necess>y to ensure t ! family's exi/+   
r5tal paym5t does n increase by m ?an   
#ce p]c5t annually4  4  7b7             
,implem5tation ,! ,secret>y ( ,h\s+ &   
,urban ,developm5t %all implem5t section
 #c7;a77#b77;,b77i7 ( ! ,unit$ ,/ates   
,h\s+ ,act ( #aicg1 z am5d$ by          
subsection 7a7 ( ?is section1 n lat] ?an
 ! expiration ( ! #f-mon? p]iod beg9n+  
on ! date ( ! enactm5t ( ?is ,act4  #c4 

,m9imum r5ts = public h\s+ & section #h 
r5tal assi/ance programs  ,subp>agraph  
7,a7 ( section #c7;a77#c7 ( ! ,unit$    
,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4
 #adcg;a7a77#c77;,a77 is am5d$1 9 !     
matt] prec$+ clause 7i71 by /rik+ m ?an 
& ins]t+ less ?an4