,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bhic  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ah1
 #bjad,mr4 ,moran 7for himself and ,ms4 
,heitkamp7 introduced the following     
bill2 which was read twice and referred 
to the ,committee on ,banking1 ,housing1
 and ,urban ,affairs  ,a ,,bill  ,to    
authorize the use of multifamily housing
 subject to a mortgage insured under    
section #bjg of the ,national ,housing  
,act as short-term residential housing4 
#a4 ,short title ,this ,act may be cited
 as the ,workforce ,residential ,housing
 ,act of #bjad4  #b4 ,short-term        
residential housing  7a7 ,in general    
,section #eac of the ,national ,housing 
,act 7#ab ,u4,s4,c4 #agca;b7 is         
amended-- 7#a7 in subsection 7b7-- 7,a7 
in clause 7#a71 by striking or at the   
end2 and  7,b7 by inserting before the  
period at the end the following3 1 or   
7#c7 the project is a short-term        
residential property 7as such term is   
defined in subsection 7e7 of this       

section7 and is subject to a mortgage   
insured under section #bjg 7#ab         
,u4,s4,c4 #agac71 provided that the     
,secretary has made a determination     
pursuant to the study and report        
required under section #b7;b7 of the    
,workforce ,residential ,housing ,act of
 #bjad that the provision of such       
insurance is appropriate2 and  7#b7 in  
subsection 7e7-- 7,a7 in clause 7#a71 by
 striking and at the end2 and  7,b7 by  
inserting before the period at the end  
the following3 1 and 7#c7 the term      
short-term residential property means   
multifamily housing that 7,a7 has more  
than #ej dwelling units that each       
contain a kitchen1 including a full     
refrigerator and cooking surface1 and   
bathroom facilities1 7,b7 provides mail 
boxes for each unit1 7,c7 rents such    
units for a minimum stay of #g days1 and
 7,d7 does not provide food or beverage 
services1 including in-room service1    
daily maid services1 furnishing and     
laundering of linen without charge1 or  

bellhop services4  7b7 ,study  7#a7 ,in 
general ,not later than #f months after 
the date of enactment of this ,act1 the 
,secretary of ,housing and ,urban       
,development shall-- 7,a7 conduct and   
complete a study evaluating the risk of 
the provision of insurance under section
 #bjg of the ,national ,housing ,act    
7#ab ,u4,s4,c4 #agac7 for short-term    
residential properties2 and  7,b7 submit
 a report to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs of the   
,senate and the ,committee on ,financial
 ,services of the ,house of             
,representatives1 which shall include-- 
7i7 the findings of the study required  
under subparagraph 7,a72 and  7ii7 a    
determination as to whether any         
additional risk presented to the        
,general ,insurance ,fund resulting from
 the provision of insurance under       
section #bjg of the ,national ,housing  
,act 7#ab ,u4,s4,c4 #agac7 for          
short-term residential properties is    
appropriate4  7#b7 ,contents of study   

,in conducting the study required under 
paragraph 7#a77;,a71 the ,secretary of  
,housing and ,urban ,development shall--
 7,a7 evaluate whether the provision of 
insurance under section #bjg of the     
,national ,housing ,act 7#ab ,u4,s4,c4  
#agac7 for short-term residential       
properties presents any additional risk 
to the ,general ,insurance ,fund2 and   
7,b7 consider any additional operational
 and logistical costs associated with   
providing such insurance4  7#c7         
,definitions ,in this subsection-- 7,a7 
the term ,general ,insurance ,fund means
 the fund established under section #eai
 of the ,national ,housing ,act 7#ab    
,u4,s4,c4 #agce;c72 and  7,b7 the term  
short-term residential properties has   
the meaning given the term under section
 #eac7;e77#c7 of the ,national ,housing 
,act 7#ab ,u4,s4,c4 #agca;b7e77#c771 as 
added by subsection 7a74