,,ib  ,union ,cal5d> ,no4 #cjj  #aad?   
,,congress  #b;d ,session  ,h4 ,r4 #cgjj
  ,report ,no4 #aad-cig  ,,9 ,,! ,,h\se 
,,( ,,repres5tatives  ,octob] #g1 #bjae 
,mr4 ,luetkemey] introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,janu>y #bh1        
#bjaf;,additional sponsors3 ,mr4        
,cleav]1 ,mr4 ,%]man1 ,mr4 ,pitt5g]1    
,mr4 ,pe>ce1 ,mr4 ,ro?fus1 ,mr4         
,capuano1 ,mr4 ,b>r1 ,mr4 ,posey1 ,mr4  
,sessions1 ,mr4 ,ribble1 & ,mr4         
,mc,henry  ,janu>y #bh1 #bjaf ,report$ )
 an am5dm5t1 committ$ to ! ,committee ( 
! ,:ole ,h\se on ! ,/ate ( ! ,union1 &  
ord]$ to be pr9t$ ,/rike out all aft] ! 
enact+ clause & ins]t ! "p pr9t$ 9      
italic ,= text ( introduc$ bill1 see    
copy ( bill z introduc$ on ,octob] #g1  
#bjae  ,a ,,bill  ,to provide h\s+      
opportunities 9 ! ,unit$ ,/ates ?r\gh   
mod]nization ( v>i\s h\s+ programs1 & = 
o!r purposes4  #a4 ,%ort title & table (
 cont5ts  7a7 ,%ort title ,?is ,act may 
be cit$ z ! ,h\s+ ,opportunity ,?r\gh   

,mod]nization ,act ( #bjae4  7b7 ,table 
( cont5ts ,! table ( cont5ts = ?is ,act 
is z foll[s3  ,sec4 #a4 ,%ort title &   
table ( cont5ts4 ,title ,i--,section #h 
r5tal assi/ance & public h\s+ ,sec4     
#aja4 ,inspection ( dwell+ units4 ,sec4 
#ajb4 ,income reviews4 ,sec4 #ajc4      
,limitation on public h\s+ t5ancy =     
ov]-income families4 ,sec4 #ajd4        
,limitation on eligibility = assi/ance  
bas$ on assets4 ,sec4 #aje4 ,units own$ 
by public h\s+ ag5cies4 ,sec4 #ajf4     
,,pha project-bas$ assi/ance4 ,sec4     
#ajg4 ,e/abli%m5t ( fair m>ket r5t4     
,sec4 #ajh4 ,collection ( utility data4 
,sec4 #aji4 ,public h\s+ ,capital &     
,op]at+ ,funds4 ,sec4 #aaj4 ,family     
unification program = *ildr5 ag+ out (  
fo/] c>e4 ,title ,,ii--,rural h\s+ ,sec4
 #bja4 ,delegation ( gu>ante$ rural h\s+
 loan approval4 ,title ,,iii--,,fha     
mortgage insurance = condom9iums ,sec4  
#cja4 ,modification ( ,,fha requirem5ts 
= mortgage insurance = condom9iums4     
,title ,,iv--,h\s+ re=ms = ! homeless & 

= vet]ans ,sec4 #dja4 ,def9ition (      
geographic area = ,cont9uum ( ,c>e      
,program4 ,sec4 #djb4 ,inclusion (      
public h\s+ ag5cies & local r$evelopm5t 
au?orities 9 em]g5cy solutions grants4  
,sec4 #djc4 ,special assi/ant = ,vet]ans
 ,affairs 9 ! ,dep>tm5t ( ,h\s+ & ,urban
 ,developm5t4 ,sec4 #djd4 ,annual       
supplem5tal report on vet]ans           
homelessness4 ,title ,v--,miscellane\s  
,sec4 #eja4 ,inclusion ( ,disa/] ,h\s+  
,assi/ance ,program 9 c]ta9 fraud &     
abuse prev5tion measures4 ,sec4 #ejb4   
,en]gy effici5cy requirem5ts "u         
,self-,help ,home[n]%ip ,opportunity    
program4 ,sec4 #ejc4 ,data ex*ange      
/&>dization = improv$ int]op]ability4   
,i ,section #h r5tal assi/ance & public 
h\s+  #aja4 ,inspection ( dwell+ units  
7a7 ,9 g5]al ,section #h7o77#h7 ( !     
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;f7o77#h77 is am5d$--    
7#a7 by /rik+ subp>agraph 7,a7 & ins]t+ 
! foll[+ new subp>agraph3  7,a7 ,initial
 inspection  7i7 ,9 g5]al ,= ea* dwell+ 

unit = :i* a h\s+ assi/ance paym5t      
contract is e/abli%$ "u ?is subsection1 
! public h\s+ ag5cy 7or o!r entity      
pursuant to p>agraph 7#aa77 %all inspect
 ! unit be=e any assi/ance paym5t is    
made to det]m9e :e!r ! dwell+ unit meets
 ! h\s+ quality /&>ds "u subp>agraph    
7,b71 except z provid$ 9 clause 7ii7 or 
7iii7 ( ?is subp>agraph4  7ii7          
,correction ( non-life-?reat5+          
conditions ,9 ! case ( any dwell+ unit t
 is det]m9$1 pursuant to an inspection  
"u clause 7i71 n to meet ! h\s+ quality 
/&>ds "u subp>agraph 7,b71 assi/ance    
paym5ts may be made = ! unit not)/&+    
subp>agraph 7,c7 if failure to meet su* 
/&>ds is a result only (                
non-life-?reat5+ conditions1 z su*      
conditions are e/abli%$ by ! ,secret>y4 
,a public h\s+ ag5cy mak+ assi/ance     
paym5ts pursuant to ?is clause = a      
dwell+ unit %all1 #cj days aft] ! beg9n+
 ( ! p]iod = :i* su* paym5ts are made1  
)hold any assi/ance paym5ts = ! unit if 
any defici5cy result+ 9 noncompliance ) 

! h\s+ quality /&>ds has n be5 correct$ 
by su* "t4 ,! public h\s+ ag5cy %all    
recomm5ce assi/ance paym5ts :5 su*      
defici5cy has be5 correct$1 & may use   
any paym5ts )held to make assi/ance     
paym5ts relat+ to ! p]iod dur+ :i*      
paym5ts 7 )held4  7iii7 ,use (          
alt]native inspection me?od = int]im    
p]iod ,9 ! case ( any prop]ty t )9 !    
previ\s #bd mon?s has met ! requirem5ts 
( an inspection t qualifies z an        
alt]native inspection me?od pursuant to 
subp>agraph 7,e71 a public h\s+ ag5cy   
may au?orize occupancy be=e ! inspection
 "u clause 7i7 has be5 complet$1 & may  
make assi/ance paym5ts retroactive to ! 
beg9n+ ( ! lease t]m aft] ! unit has be5
 det]m9$ pursuant to an inspection "u   
clause 7i7 to meet ! h\s+ quality /&>ds 
"u subp>agraph 7,b74 ,?is clause may n  
be con/ru$ to exempt any dwell+ unit f  
compliance ) ! requirem5ts ( subp>agraph
 7,d74  2  7#b7 by r$esignat+           
subp>agraph 7,g7 z subp>agraph 7,h72 &  
7#c7 by ins]t+ aft] subp>agraph 7,f7 !  

foll[+ new subp>agraph3  7,g7 ,en=cem5t 
( h\s+ quality /&>ds  7i7 ,det]m9ation (
 noncompliance ,a dwell+ unit t is cov]$
 by a h\s+ assi/ance paym5ts contract "u
 ?is subsection %all be consid]$1 =     
purposes ( subp>agraphs 7,d7 & 7,f71 to 
be 9 noncompliance ) ! h\s+ quality     
/&>ds "u subp>agraph 7,b7 if--  7,i7 !  
public h\s+ ag5cy or an inspector       
au?oriz$ by ! ,/ate or unit ( local     
gov]nm5t det]m9es ^u inspection ( ! unit
 t ! unit fails to comply ) su* /&>ds2  
7,,ii7 ! ag5cy or inspector notifies !  
own] ( ! unit 9 writ+ ( su* failure to  
comply2 &  7,,iii7 ! failure to comply  
is n correct$--  7aa7 9 ! case ( any su*
 failure t is a result ( life-?reat5+   
conditions1 )9 #bd h\rs aft] su* notice 
has be5 provid$2 &  7bb7 9 ! case ( any 
su* failure t is a result (             
non-life-?reat5+ conditions1 )9 #cj days
 aft] su* notice has be5 provid$ or su* 
o!r reasonable long] p]iod z ! public   
h\s+ ag5cy may e/abli%4  7ii7 ,)hold+ ( 
assi/ance am\nts dur+ correction ,!     

public h\s+ ag5cy may )hold assi/ance   
am\nts "u ?is subsection ) respect to a 
dwell+ unit = :i* a notice pursuant to  
clause 7i77,,ii71 ( failure to comply ) 
h\s+ quality /&>ds "u subp>agraph 7,b7 z
 det]m9$ pursuant to an inspection      
conduct$ "u subp>agraph 7,d7 or 7,f71   
has be5 provid$4 ,if ! unit is br\ght   
into compliance ) su* h\s+ quality /&>ds
 dur+ ! p]iods ref]r$ to 9 clause       
7i77,,iii71 ! public h\s+ ag5cy %all    
recomm5ce assi/ance paym5ts & may use   
any am\nts )held dur+ ! correction p]iod
 to make assi/ance paym5ts relat+ to !  
p]iod dur+ :i* paym5ts 7 )held4  7iii7  
,abatem5t ( assi/ance am\nts ,! public  
h\s+ ag5cy %all abate all ( ! assi/ance 
am\nts "u ?is subsection ) respect to a 
dwell+ unit t is det]m9$1 pursuant to   
clause 7i7 ( ?is subp>agraph1 to be 9   
noncompliance ) h\s+ quality /&>ds "u   
subp>agraph 7,b74 ,^u completion (      
repairs by ! public h\s+ ag5cy or ! own]
 suffici5t s t ! dwell+ unit complies ) 
su* h\s+ quality /&>ds1 ! ag5cy %all    

recomm5ce paym5ts "u ! h\s+ assi/ance   
paym5ts contract to ! own] ( ! dwell+   
unit4  7iv7 ,notification ,if a public  
h\s+ ag5cy provid+ assi/ance "u ?is     
subsection abates r5tal assi/ance       
paym5ts pursuant to clause 7iii7 )      
respect to a dwell+ unit1 ! ag5cy %all1 
^u comm5cem5t ( su* abatem5t--  7,i7    
notify ! t5ant & ! own] ( ! dwell+ unit 
t-- 7aa7 su* abatem5t has comm5c$2 &    
7bb7 if ! dwell+ unit is n br\ght into  
compliance ) h\s+ quality /&>ds )9 #fj  
days aft] ! effective date ( !          
det]m9ation ( noncompliance "u clause   
7i7 or su* reasonable long] p]iod z !   
ag5cy may e/abli%1 ! t5ant w h to move2 
&  7,,ii7 issue ! t5ant ! necess>y =ms  
to all[ ! t5ant to move to ano!r dwell+ 
unit & transf] ! r5tal assi/ance to t   
unit4  7v7 ,protection ( t5ants ,an own]
 ( a dwell+ unit may n t]m9ate ! t5ancy 
( any t5ant because ( ! )hold+ or       
abatem5t ( assi/ance pursuant to ?is    
subp>agraph4 ,dur+ ! p]iod t assi/ance  
is abat$ pursuant to ?is subp>agraph1 ! 

t5ant may t]m9ate ! t5ancy by notify+ ! 
own]4  7vi7 ,t]m9ation ( lease or       
assi/ance paym5ts contract ,if assi/ance
 am\nts "u ?is section = a dwell+ unit  
are abat$ pursuant to clause 7iii7 & !  
own] does n correct ! noncompliance )9  
#fj days aft] ! effective date ( !      
det]m9ation ( noncompliance "u clause   
7i71 or su* o!r reasonable long] p]iod z
 ! public h\s+ ag5cy may e/abli%1 !     
ag5cy %all t]m9ate ! h\s+ assi/ance     
paym5ts contract = ! dwell+ unit4  7vii7
 ,relocation  7,i7 ,lease ( new unit ,! 
ag5cy %all provide ! family resid+ 9 su*
 a dwell+ unit a p]iod ( #ij days or su*
 long] p]iod z ! public h\s+ ag5cy      
det]m9es is reasonably necess>y to lease
 a new unit1 beg9n+ ^u t]m9ation ( !    
contract1 to lease a new resid5ce )     
t5ant-bas$ r5tal assi/ance "u ?is       
section4  7,,ii7 ,availability ( public 
h\s+ units ,if ! family is unable to    
lease su* a new resid5ce dur+ su* p]iod1
 ! public h\s+ ag5cy %all1 at ! option (
 ! family1 provide su* family a pref]5ce

 = occupancy 9 a dwell+ unit ( public   
h\s+ t is own$ or op]at$ by ! ag5cy t   
fir/ becomes available = occupancy aft] 
! expiration ( su* p]iod4  7,,iii7      
,assi/ance 9 f9d+ unit ,! public h\s+   
ag5cy may provide assi/ance to ! family 
9 f9d+ a new resid5ce1 includ+ use ( up 
to two mon?s ( any assi/ance am\nts     
)held or abat$ pursuant to clause 7ii7  
or 7iii71 respectively1 = co/s directly 
associat$ ) relocation ( ! family to a  
new resid5ce1 :i* %all include security 
deposits z necess>y & may include       
reimbursem5ts = reasonable mov+ exp5ses 
incurr$ by ! h\sehold1 z e/abli%$ by !  
,secret>y4 ,! ag5cy may require t a     
family receiv+ assi/ance = a security   
deposit %all remit1 to ! ext5t ( su*    
assi/ance1 ! am\nt ( any security       
deposit refunds made by ! own] ( !      
dwell+ unit = :i* ! lease 0 t]m9at$4    
7viii7 ,t5ant-caus$ damages ,if a public
 h\s+ ag5cy det]m9es t any damage to a  
dwell+ unit t results 9 a failure ( !   
dwell+ unit to comply ) h\s+ quality    

/&>ds "u subp>agraph 7,b71 o!r ?an any  
damage result+ f ord9>y use1 0 caus$ by 
! t5ant1 any memb] ( ! t5ant's h\sehold1
 or any gue/ or o!r p]son "u ! t5ant's  
control1 ! ag5cy may waive !            
applicability ( ?is subp>agraph1 except 
t ?is clause %all n exon]ate a t5ant f  
any liability o!rwise exi/+ "u          
applicable law = damages to ! premises  
caus$ by su* t5ant4  7ix7 ,applicability
 ,?is subp>agraph %all apply to any     
dwell+ unit = :i* a h\s+ assi/ance      
paym5ts contract is ent]$ into or r5ew$ 
aft] ! date ( ! effectiv5ess ( !        
regulations implem5t+ ?is subp>agraph4  
4  7b7 ,effective date ,! ,secret>y (   
,h\s+ & ,urban ,developm5t %all issue   
notice or regulations to implem5t       
subsection 7a7 ( ?is section & su*      
subsection %all take effect ^u su*      
issuance4  #ajb4 ,income reviews  7a7   
,income reviews = public h\s+ & section 
#h programs ,section #c ( ! ,unit$      
,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4
 #adcg;a7 is am5d$-- 7#a7 9 subsection  

7a7--  7,a7 9 ! second s5t5ce ( p>agraph
 7#a71 by /rik+ at lea/ annually &      
ins]t+ pursuant to p>agraph 7#f72 &     
7,b7 by add+ at ! end ! foll[+ new      
p>agraphs3  7#f7 ,reviews ( family      
income  7,a7 ,frequ5cy ,reviews ( family
 income = purposes ( ?is section %all be
 made-- 7i7 9 ! case ( all families1 ^u 
! initial provision ( h\s+ assi/ance = !
 family2  7ii7 annually !reaft]1 except 
z provid$ 9 p>agraph 7#a7 ) respect to  
fix$-income families2  7iii7 ^u ! reque/
 ( ! family1 at any "t ! income or      
d$uctions 7"u subsection 7b77#e77 ( !   
family *ange by an am\nt t is e/imat$ to
 result 9 a decrease ( #aj p]c5t 7or su*
 l[] am\nt z ! ,secret>y may1 by notice1
 e/abli%1 or p]mit ! public h\s+ ag5cy  
or own] to e/abli%7 or m 9 annual adju/$
 income2 &  7iv7 at any "t ! income or  
d$uctions 7"u subsection 7b77#e77 ( !   
family *ange by an am\nt t is e/imat$ to
 result 9 an increase ( #aj p]c5t or m 9
 annual adju/$ income1 or su* o!r am\nt 
z ! ,secret>y may by notice e/abli%1    

except t any increase 9 ! e>n$ income ( 
a family %all n be consid]$ = purposes (
 ?is clause 7except t e>n$ income may be
 consid]$ if ! increase corresponds to  
previ\s decreases "u clause 7iii771     
except t a public h\s+ ag5cy or own] may
 elect n to conduct su* review 9 ! la/  
?ree mon?s ( a c]tification p]iod4  7,b7
 ,9 g5]al ,reviews ( family income =    
purposes ( ?is section %all be subject  
to ! provisions ( section #ijd ( !      
,/ew>t ,b4 ,mc,kinney ,homeless         
,assi/ance ,am5dm5ts ,act ( #aihh 7#db  
,u4,s4,c4 #cedd74  7#g7 ,calculation (  
income  7,a7 ,use ( curr5t ye> income ,9
 det]m9+ family income = initial        
occupancy or provision ( h\s+ assi/ance 
pursuant to clause 7i7 ( p>agraph       
7#f77;,a7 or pursuant to reviews        
pursuant to clause 7iii7 or 7iv7 ( su*  
p>agraph1 a public h\s+ ag5cy or own]   
%all use ! income ( ! family z e/imat$  
by ! ag5cy or own] = ! upcom+ ye>4  7,b7
 ,use ( prior ye> income ,9 det]m9+     
family income = annual reviews pursuant 

to p>agraph 7#f77;,a77ii71 a public h\s+
 ag5cy or own] %all1 except z o!rwise   
provid$ 9 ?is p>agraph & p>agraph 7#a71 
use ! income ( ! family z det]m9$ by !  
ag5cy or own] = ! prec$+ ye>1 tak+ into 
consid]ation any r$et]m9ation ( income  
dur+ su* prior ye> pursuant to clause   
7iii7 or 7iv7 ( p>agraph 7#f77;,a74     
7,c7 ,o!r income ,9 det]m9+ ! income =  
any family bas$ on ! prior ye>'s income1
 ) respect to prior ye> calculations (  
income n subject to subp>agraph 7,b71 a 
public h\s+ ag5cy or own] may make o!r  
adju/m5ts z x consid]s appropriate to   
reflect curr5t income4  7,d7 ,safe h>bor
 ,a public h\s+ ag5cy or own] may1 to ! 
ext5t su* in=mation is available to !   
public h\s+ ag5cy or own]1 det]m9e !    
family's income prior to ! application (
 any d$uctions bas$ on timely income    
det]m9ations made = purposes ( o!r      
means-te/$ ,f$]al public assi/ance      
programs 7includ+ ! program = block     
grants to ,/ates = tempor>y assi/ance = 
ne$y families "u "p ,a ( title ,,iv ( ! 

,social ,security ,act1 a program =     
,m$icaid assi/ance "u a ,/ate plan      
approv$ "u title ,,xix ( ! ,social      
,security ,act1 & ! supplem5tal         
nutrition assi/ance program 7z su* t]m  
is def9$ 9 section #c ( ! ,food &       
,nutrition ,act ( #bjjh 7#g ,u4,s4,c4   
#bjab7774 ,! ,secret>y %all1 9          
consultation ) o!r appropriate ,f$]al   
ag5cies1 develop proc$ures to enable    
public h\s+ ag5cies & own]s to h access 
to su* income det]m9ations made by o!r  
means-te/$ ,f$]al programs t ! ,secret>y
 det]m9es to h comp>able reliability4   
,ex*anges ( su* in=mation %all be       
subject to ! same limitations & t5ant   
protections provid$ "u section #ijd ( ! 
,/ew>t ,b4 ,mc,kinney ,homeless         
,assi/ance ,act ,am5dm5ts ( #aihh 7#db  
,u4,s4,c4 #cedd7 ) respect to in=mation 
obta9$ "u ! requirem5ts ( section       
#cjc7;i7 ( ! ,social ,security ,act 7#db
 ,u4,s4,c4 #ejc7;i774  7,e7 ,,pha & own]
 compliance ,a public h\s+ ag5cy or own]
 may n be consid]$ to fail to comply )  

?is p>agraph or p>agraph 7#f7 due solely
 to any de m9imis errors made by ! ag5cy
 or own] 9 calculat+ family incomes4  2 
7#b7 by /rik+ subsections 7d7 & 7e72 &  
7#c7 by r$esignat+ subsection 7f7 z     
subsection 7d74  7b7 ,c]tification      
reg>d+ h>d%ip exception to m9imum mon?ly
 r5t ,n lat] ?an ! expiration ( !       
#f-mon? p]iod beg9n+ on ! date ( !      
enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+
 & ,urban ,developm5t %all submit to !  
,congress a c]tification t ! h>d%ip &   
t5ant protection provisions 9 clause 7i7
 ( section #c7;a77#c77;,b7 ( ! ,unit$   
,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4
 #adcg;a7a77#c77;,b77i77 are be+ en=c$  
at su* "t & t ! ,secret>y w cont9ue to  
provide due consid]ation to ! h>d%ip    
circum/ances ( p]sons assi/$ "u relevant
 programs ( ?is ,act4  7c7 ,income2     
adju/$ income ,section #c7;b7 ( ! ,unit$
 ,/ates ,h\s+ ,act ( #aicg 7#db         
,u4,s4,c4 #adcg;a7b77 is am5d$ by /rik+ 
p>agraphs 7#d7 & 7#e7 & ins]t+ ! foll[+ 
new p>agraphs3  7#d7 ,income ,! t]m     

income means1 ) respect to a family1    
income receiv$ f all s\rces by ea* memb]
 ( ! h\sehold :o is #ah ye>s ( age or   
old] or is ! head ( h\sehold or sp\se ( 
! head ( ! h\sehold1 plus une>n$ income 
by or on behalf ( ea* dep5d5t :o is less
 ?an #ah ye>s ( age1 z det]m9$ 9        
accordance ) crit]ia prescrib$ by !     
,secret>y1 9 consultation ) ! ,secret>y 
( ,agriculture1 subject to ! foll[+     
requirem5ts3  7,a7 ,includ$ am\nts ,su* 
t]m includes recurr+ gifts & receipts1  
actual income f assets1 & pr(it or loss 
f a bus9ess4  7,b7 ,exclud$ am\nts ,su* 
t]m does n include-- 7i7 any imput$     
return on assets1 except to ! ext5t t   
net family assets exce$ #ej1jjj1 except 
t su* am\nt 7z x may h be5 previ\sly    
adju/$7 %all be adju/$ = inflation      
annually by ! ,secret>y 9 accordance )  
an inflation>y index select$ by !       
,secret>y2  7ii7 any am\nts t w\ld be   
eligible = exclusion "u section         
#afac7;a77#g7 ( ! ,social ,security ,act
 7#db ,u4,s4,c4 #achb;b7a77#g772  7iii7 

def]r$ disability b5efits f ! ,dep>tm5t 
( ,vet]ans ,affairs t are receiv$ 9 a   
lump sum am\nt or 9 prospective mon?ly  
am\nts2  7iv7 any exp5ses relat$ to aid 
& att5dance "u section #aeba ( title    
#ch1 ,unit$ ,/ates ,code1 to vet]ans :o 
are 9 ne$ ( regul> aid & att5dance2 &   
7v7 exclusions f income z e/abli%$ by ! 
,secret>y by regulation or notice1 or   
any am\nt requir$ by ,f$]al law to be   
exclud$ f consid]ation z income4  7,c7  
,e>n$ income ( /ud5ts ,su* t]m does n   
include-- 7i7 e>n$ income1 up to an     
am\nt z ! ,secret>y may by regulation   
e/abli%1 ( any dep5d5t e>n$ dur+ any    
p]iod t su* dep5d5t is att5d+ s*ool or  
vocational tra9+ on a full-"t basis2 or 
7ii7 any grant-9-aid or s*ol>%ip am\nts 
relat$ to su* att5dance us$-- 7,i7 = !  
co/ ( tuition or books2 or  7,,ii7 9 su*
 am\nts z ! ,secret>y may all[1 = ! co/ 
( room & bo>d4  7,d7 ,educational sav+s 
acc\nts ,income %all be det]m9$ )\t     
reg>d to any am\nts 9 or f1 or any      
b5efits f1 any ,cov]dell education sav+s

 acc\nt "u section #ecj ( ! ,int]nal    
,rev5ue ,code ( #aihf or any qualifi$   
tuition program "u section #ebi ( su*   
,code4  7,e7 ,recordkeep+ ,! ,secret>y  
may n require a public h\s+ ag5cy or    
own] to ma9ta9 records ( any am\nts     
exclud$ f income pursuant to ?is        
subp>agraph4  7#e7 ,adju/$ income ,! t]m
 adju/$ income means1 ) respect to a    
family1 ! am\nt 7z det]m9$ by ! public  
h\s+ ag5cy or own]7 ( ! income ( !      
memb]s ( ! family resid+ 9 a dwell+ unit
 or ! p]sons on a lease1 aft] any       
d$uctions f income z foll[s3  7,a7      
,eld]ly & disabl$ families #ebe 9 ! case
 ( any family t is an eld]ly family or a
 disabl$ family4  7,b7 ,dep5d5ts ,9 !   
case ( any family1 #ebe = ea* memb] :o--
  7i7 is less ?an #ah ye>s ( age or     
att5d+ s*ool or vocational tra9+ on a   
full-"t basis2 or  7ii7 is a p]son :o is
 #ah ye>s ( age or old]1 resides 9 !    
h\sehold1 & is c]tifi$ z disabl$ &      
unable to "w by ! public h\s+ ag5cy (   
jurisdiction4  7,c7 ,*ild c>e ,! am\nt1 

if any1 t exce$s #e p]c5t ( annual      
family income t is us$ to pay =         
unreimburs$ *ild c>e exp5ses1 :i* %all  
include *ild c>e = pres*ool-age *ildr51 
= be=e- & aft]-c>e = *ildr5 9 s*ool1 & =
 o!r *ild c>e necess>y to enable a memb]
 ( ! family to be employ$ or fur!r 8 or 
h] education4  7,d7 ,heal? & m$ical     
exp5ses ,! am\nt1 if any1 by :i* #aj    
p]c5t ( annual family income is exce$$  
by ! sum (-- 7i7 9 ! case ( any eld]ly  
or disabl$ family1 any unreimburs$ heal?
 & m$ical c>e exp5ses2 &  7ii7 any      
unreimburs$ reasonable att5dant c>e &   
auxili>y app>atus exp5ses = ea* h&icapp$
 memb] ( ! family1 if det]m9$ necess>y  
by ! public h\s+ ag5cy or own] to enable
 any memb] ( su* family to be employ$4  
,! ,secret>y %all1 by regulation1       
provide h>d%ip exemptions to !          
requirem5ts ( ?is subp>agraph &         
subp>agraph 7,c7 = impact$ families :o  
demon/rate an inability to pay calculat$
 r5ts because ( f9ancial h>d%ip4 ,su*   
regulations %all include a requirem5t to

 notify t5ants reg>d+ any *anges to !   
det]m9ation ( adju/$ income pursuant to 
su* subp>agraphs bas$ on ! det]m9ation (
 ! family's claim ( f9ancial h>d%ip     
exemptions requir$ by ! prec$+ s5t5ce4  
,su* regulations %all be promulgat$ 9   
consultation ) t5ant organizations1     
indu/ry p>ticipants1 & ! ,secret>y (    
,heal? & ,human ,s]vices1 ) an adequate 
comm5t p]iod provid$ = int]e/$ p>ties4  
7,e7 ,p]missive d$uctions ,su*          
additional d$uctions z a public h\s+    
ag5cy may1 at its discretion1 e/abli%1  
except t ! ,secret>y %all e/abli%       
proc$ures to ensure t su* d$uctions d n 
mat]ially increase ,f$]al exp5ditures4  
,! ,secret>y %all annually calculate !  
am\nts ( ! d$uctions "u subp>agraphs    
7,a7 & 7,b71 z su* am\nts may h be5     
previ\sly calculat$1 by apply+ an       
inflation>y factor z ! ,secret>y %all1  
by regulation1 e/abli%1 except t !      
actual d$uction det]m9$ = ea* ye> %all  
be e/abli%$ by r\nd+ su* am\nt to ! next
 l[e/ multiple ( #be4  4  7d7 ,h\s+     

*oice v\*] program ,section #h7o7 ( !   
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;f7o77 is am5d$-- 7#a7 9 
p>agraph 7#a77;,d71 by ins]t+ be=e !    
p]iod at ! end ! foll[+3 1 except t a   
public h\s+ ag5cy may e/abli% a paym5t  
/&>d ( n m ?an #abj p]c5t ( ! fair m>ket
 r5t :]e necess>y z a reasonable        
accommodation = a p]son ) a disability1 
)\t approval ( ! ,secret>y4 ,a public   
h\s+ ag5cy may use a paym5t /&>d t is   
great] ?an #abj p]c5t ( ! fair m>ket r5t
 z a reasonable accommodation = a p]son 
) a disability1 b only ) ! approval ( ! 
,secret>y4 ,9 connection ) ! use ( any  
increas$ paym5t /&>d e/abli%$ or approv$
 pursuant to ei!r ( ! prec$+ two s5t5ces
 z a reasonable accommodation = a p]son 
) a disability1 ! ,secret>y may n       
e/abli% additional requirem5ts reg>d+ ! 
am\nt ( adju/$ income paid by su* p]son 
= r5t2 &  7#b7 9 p>agraph 7#e7-- 7,a7 9 
! p>agraph head+1 by /rik+ ,annual      
review & ins]t+ ,reviews2  7,b7 9       
subp>agraph 7,a7-- 7i7 by /rik+ !       

provisions ( & ins]t+ p>agraphs 7#a71   
7#f71 & 7#g7 ( section #c7;a7 & to2 &   
7ii7 by /rik+ & %all be conduct$ & all t
 foll[s ?r\gh ! end ( ! subp>agraph &   
ins]t+ a p]iod2 &  7,c7 9 subp>agraph   
7,b71 by /rik+ ! second s5t5ce4  7e7    
,enhanc$ v\*] program ,section          
#h7t77#a77;,d7 ( ! ,unit$ ,/ates ,h\s+  
,act ( #aicg 7#db ,u4,s4,c4             
#adcg;f7t77#a77;,d77 is am5d$ by /rik+  
income ea* place su* t]m appe>s & ins]t+
 annual adju/$ income4  7f7             
,project-,bas$ h\s+ ,p>agraph 7#c7 (    
section #h7;c7 ( ! ,unit$ ,/ates ,h\s+  
,act ( #aicg 7#db ,u4,s4,c4             
#adcg;f7c77#c77 is am5d$ by /rik+ ! la/ 
s5t5ce4  7g7 ,impact on public h\s+     
rev5ues  7#a7 ,adju/m5ts to op]at+ =mula
 ,if ! ,secret>y ( ,h\s+ & ,urban       
,developm5t det]m9es t ! application (  
subsections 7a7 ?r\gh 7e7 ( ?is section 
results 9 a mat]ial & disproportionate  
r$uction 9 ! r5tal income ( c]ta9 public
 h\s+ ag5cies dur+ ! fir/ ye> 9 :i* su* 
subsections are implem5t$1 ! ,secret>y  

may make appropriate adju/m5ts 9 ! =mula
 income = su* ye> ( ^? ag5cies exp]i5c+ 
su* a r$uction4  7#b7 ,,hud reports on  
rev5ue & co/ impact ,9 ea* ( ! fir/ two 
ye>s aft] ! fir/ ye> 9 :i* subsections  
7a7 ?r\gh 7e7 are implem5t$1 ! ,secret>y
 ( ,h\s+ & ,urban ,developm5t %all      
submit a report to ,congress id5tify+ & 
calculat+ ! impact ( *anges made by su* 
subsections & section #ajd ( ?is ,act on
 ! rev5ues & co/s ( op]at+ public h\s+  
units1 ! v\*] program = r5tal assi/ance 
"u section #h ( ! ,unit$ ,/ates ,h\s+   
,act ( #aicg1 & ! program "u su* section
 #h = project-bas$ r5tal assi/ance4 ,if 
su* report id5tifies a mat]ial r$uction 
9 ! net income ( public h\s+ ag5cies    
nationwide or a mat]ial increase 9 !    
co/s ( fund+ ! v\*] program or !        
project-bas$ assi/ance program1 !       
,secret>y %all include 9 su* report     
recomm5dations = legislative *anges to  
r$uce or elim9ate su* a r$uction4  7h7  
,effective date ,! ,secret>y ( ,h\s+ &  
,urban ,developm5t %all issue notice or 

regulations to implem5t ?is section &   
?is section %all take effect aft] su*   
issuance1 except t ?is section may only 
take effect ^u ! comm5cem5t ( a cal5d>  
ye>4  #ajc4 ,limitation on public h\s+  
t5ancy = ov]-income families ,subsection
 7a7 ( section #af ( ! ,unit$ ,/ates    
,h\s+ ,act ( #aicg 7#db ,u4,s4,c4       
#adcgn7a77 is am5d$ by add+ at ! end !  
foll[+ new p>agraph3  7#e7 ,limitations 
on t5ancy = ov]-income families  7,a7   
,limitations ,except z provid$ 9        
subp>agraph 7,d71 9 ! case ( any family 
resid+ 9 a dwell+ unit ( public h\s+ ^: 
income = ! mo/ rec5t two consecutive    
ye>s1 z det]m9$ pursuant to income      
reviews conduct$ pursuant to section    
#c7;a77#f71 has exce$$ ! applicable     
income limitation "u subp>agraph 7,c71 !
 public h\s+ ag5cy %all--  7i7 not)/&+  
any o!r provision ( ?is ,act1 *>ge su*  
family z mon?ly r5t = ! unit occupi$ by 
su* family an am\nt equal to ! great]   
(--  7,i7 ! applicable fair m>ket r5tal 
e/abli%$ "u section #h7;c7 = a dwell+   

unit 9 ! same m>ket area ( ! same size2 
or  7,,ii7 ! am\nt ( ! mon?ly subsidy   
provid$ "u ?is ,act = ! dwell+ unit1 :i*
 %all include any am\nts f ! ,op]at+    
,fund & ,capital ,fund "u section #i us$
 = ! unit1 z det]m9$ by ! ag5cy 9       
accordance ) regulations t ! ,secret>y  
%all issue to c>ry out ?is subclause2 or
  7ii7 t]m9ate ! t5ancy ( su* family 9  
public h\s+ n lat] ?an #f mon?s aft] !  
income det]m9ation describ$ 9           
subp>agraph 7,a74  7,b7 ,notice ,9 !    
case ( any family resid+ 9 a dwell+ unit
 ( public h\s+ ^: income = a ye> has    
exce$$ ! applicable income limitation "u
 subp>agraph 7,c71 ^u ! conclusion ( su*
 ye> ! public h\s+ ag5cy %all provide   
writt5 notice to su* family ( !         
requirem5ts "u subp>agraph 7,a74  7,c7  
,income limitation ,! income limitation 
"u ?is subp>agraph %all be #abj p]c5t ( 
! m$ian income = ! area1 z det]m9$ by ! 
,secret>y ) adju/m5ts = small] & l>g]   
families1 except t ! ,secret>y may      
e/abli% income limitations high] or l[] 

?an #abj p]c5t ( su* m$ian income on !  
basis ( ! ,secret>y's f9d+s t su*       
v>iations are necess>y because (        
prevail+ levels ( con/ruction co/s1 or  
unusually high or l[ family incomes1    
vacancy rates1 or r5tal co/s4  7,d7     
,exception ,subp>agraph 7,a7 %all n     
apply to a family occupy+ a dwell+ unit 
9 public h\s+ pursuant to p>agraph 7#e7 
( section #c7;a7 7#db ,u4,s4,c4         
#adcg;a7a77#e774  7,e7 ,reports on      
ov]-income families & wait+ li/s ,!     
,secret>y %all require t ea* public h\s+
 ag5cy %all-- 7i7 submit a report       
annually1 9 a =mat requir$ by !         
,secret>y1 t specifies--  7,i7 ! numb] (
 families resid+1 z ( ! end ( ! ye> =   
:i* ! report is submitt$1 9 public h\s+ 
adm9i/]$ by ! ag5cy :o _h incomes exce$+
 ! applicable income limitation "u      
subp>agraph 7,c72 &  7,,ii7 ! numb] (   
families1 z ( ! end ( su* ye>1 on !     
wait+ li/s = admission to public h\s+   
projects ( ! ag5cy2 &  7ii7 make !      
in=mation report$ pursuant to clause 7i7

 publicly available4  4  #ajd4          
,limitation on eligibility = assi/ance  
bas$ on assets ,section #af ( ! ,unit$  
,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4
 #adcgn7 is am5d$ by ins]t+ aft]        
subsection 7d7 ! foll[+ new subsection3 
7e7 ,eligibility = assi/ance bas$ on    
assets  7#a7 ,limitation on assets      
,subject to p>agraph 7#c7 & not)/&+ any 
o!r provision ( ?is ,act1 a dwell+ unit 
assi/$ "u ?is ,act may n be r5t$ &      
assi/ance "u ?is ,act may n be provid$1 
ei!r initially or at ea* rec]tification 
( family income1 to any family--  7,a7  
^: net family assets exce$ #ajj1jjj1 z  
su* am\nt is adju/$ annually by apply+  
an inflation>y factor z ! ,secret>y     
consid]s appropriate2 or  7,b7 :o has a 
pres5t own]%ip int]e/ 91 a legal "r to  
reside 91 & ! effective legal au?ority  
to sell1 real prop]ty t is suitable =   
occupancy by ! family z a resid5ce1     
except t ! prohibition "u ?is           
subp>agraph %all n apply to--  7i7 any  
prop]ty = :i* ! family is receiv+       

assi/ance "u subsection 7y7 or 7o77#ab7 
( section #h ( ?is ,act2  7ii7 any p]son
 t is a victim ( dome/ic viol5ce2 or    
7iii7 any family t is (f]+ su* prop]ty =
 sale4  7#b7 ,net family assets  7,a7 ,9
 g5]al ,= purposes ( ?is subsection1 !  
t]m net family assets means1 = all      
memb]s ( ! h\sehold1 ! net ca% value (  
all assets aft] d$uct+ reasonable co/s t
 w\ld be incurr$ 9 dispos+ ( real       
prop]ty1 sav+s1 /ocks1 bonds1 & o!r =ms 
( capital inve/m5t4 ,su* t]m does n     
include int]e/s 9 ,indian tru/ l&1      
equity 9 prop]ty = :i* ! family is      
receiv+ assi/ance "u subsection 7y7 or  
7o77#ab7 ( section #h1 equity acc\nts 9 
home[n]%ip programs ( ! ,dep>tm5t (     
,h\s+ & ,urban ,developm5t1 or ,family  
,self ,suffici5cy acc\nts4  7,b7        
,exclusions ,su* t]m does n include--   
7i7 ! value ( p]sonal prop]ty1 except = 
items ( p]sonal prop]ty ( significant   
value1 z ! ,secret>y may e/abli% or !   
public h\s+ ag5cy may det]m9e2  7ii7 !  
value ( any retirem5t acc\nt2  7iii7    

real prop]ty = :i* ! family does n h !  
effective legal au?ority necess>y to    
sell su* prop]ty2  7iv7 any am\nts      
recov]$ 9 any civil action or settlem5t 
bas$ on a claim ( malpractice1          
neglig5ce1 or o!r brea* ( duty ow$ to a 
memb] ( ! family & aris+ out ( law1 t   
result$ 9 a memb] ( ! family be+        
disabl$2  7v7 ! value ( any ,cov]dell   
education sav+s acc\nt "u section #ecj (
 ! ,int]nal ,rev5ue ,code ( #aihf or any
 qualifi$ tuition program "u section    
#ebi ( su* ,code2 &  7vi7 su* o!r       
exclusions z ! ,secret>y may e/abli%4   
7,c7 ,tru/ funds ,9 cases 9 :i* a tru/  
fund has be5 e/abli%$ & ! tru/ is n     
revocable by1 or "u ! control (1 any    
memb] ( ! family or h\sehold1 ! value ( 
! tru/ fund %all n be consid]$ an asset 
( a family if ! fund cont9ues to be held
 9 tru/4 ,any income di/ribut$ f ! tru/ 
fund %all be consid]$ income = purposes 
( section #c7;b7 & any calculations (   
annual family income1 except 9 ! case ( 
m$ical exp5ses = a m9or4  7#c7          

,self-c]tification  7,a7 ,net family    
assets ,a public h\s+ ag5cy or own] may 
det]m9e ! net assets ( a family1 =      
purposes ( ?is section1 bas$ on a       
c]tification by ! family t ! net assets 
( su* family d n exce$ #ej1jjj1 z su*   
am\nt is adju/$ annually by apply+ an   
inflation>y factor z ! ,secret>y        
consid]s appropriate4  7,b7 ,no curr5t  
real prop]ty own]%ip ,a public h\s+     
ag5cy or own] may det]m9e compliance )  
p>agraph 7#a77;,b7 bas$ on a            
c]tification by ! family t su* family   
does n h any curr5t own]%ip int]e/ 9 any
 real prop]ty at ! "t ! ag5cy or own]   
reviews ! family's income4  7,c7        
,/&>diz$ =ms ,! ,secret>y may develop   
/&>diz$ =ms = ! c]tifications ref]r$ to 
9 subp>agraphs 7,a7 & 7,b74  7#d7       
,compliance = public h\s+ dwell+ units  
,:5 rec]tify+ family income ) respect to
 families resid+ 9 public h\s+ dwell+   
units1 a public h\s+ ag5cy may1 9 !     
discretion ( ! ag5cy & only pursuant to 
a policy t is set =? 9 ! public h\s+    

ag5cy plan "u section #e;,a = ! ag5cy1  
*oose n to en=ce ! limitation "u        
p>agraph 7#a74  7#e7 ,en=cem5t ,:5      
rec]tify+ ! income ( a family resid+ 9 a
 dwell+ unit assi/$ "u ?is ,act1 a      
public h\s+ ag5cy or own] may *oose n to
 en=ce ! limitation "u p>agraph 7#a7 or 
may e/abli% exceptions to su* limitation
 bas$ on eligibility crit]ia1 b only    
pursuant to a policy t is set =? 9 !    
public h\s+ ag5cy plan "u section #e;,a 
= ! ag5cy or "u a policy adopt$ by !    
own]4 ,eligibility crit]ia = e/abli%+   
exceptions may provide = sep>ate        
treatm5t bas$ on family type & may be   
bas$ on diff]5t factors1 su* z age1     
disability1 income1 ! ability ( ! family
 to f9d suitable alt]native h\s+1 & :e!r
 supportive s]vices are be+ provid$4    
7#f7 ,au?ority to delay evictions ,9 !  
case ( a family resid+ 9 a dwell+ unit  
assi/$ "u ?is ,act :o does n comply ) ! 
limitation "u p>agraph 7#a71 ! public   
h\s+ ag5cy or project own] may delay    
eviction or t]m9ation ( ! family bas$ on

 su* noncompliance = a p]iod ( n m ?an  
#f mon?s4  4  #aje4 ,units own$ by      
public h\s+ ag5cies ,p>agraph 7#aa7 (   
section #h7o7 ( ! ,unit$ ,/ates ,h\s+   
,act ( #aicg 7#db ,u4,s4,c4             
#adcg;f7o77#aa77 is am5d$--  7#a7 by    
/rik+ 7#aa7 ,leas+ ( units own$ by      
pha4--,if & ins]t+ ! foll[+3  7#aa7     
,leas+ ( units own$ by pha  7,a7        
,inspections & r5t det]m9ations ,if  2 &
  7#b7 by add+ at ! end ! foll[+ new    
subp>agraph3  7,b7 ,units own$ by pha ,=
 purposes ( ?is subsection1 ! t]m own$  
by a public h\s+ ag5cy means1 ) respect 
to a dwell+ unit1 t ! dwell+ unit is 9 a
 project t is own$ by su* ag5cy1 by an  
entity :olly controll$ by su* ag5cy1 or 
by a limit$ liability company or limit$ 
p>tn]%ip 9 :i* su* ag5cy 7or an entity  
:olly controll$ by su* ag5cy7 holds a   
controll+ int]e/ 9 ! manag+ memb] or    
g5]al p>tn]4 ,a dwell+ unit %all n be   
deem$ to be own$ by a public h\s+ ag5cy 
= purposes ( ?is subsection because !   
ag5cy holds a fee int]e/ z gr\nd lessor 

9 ! prop]ty on :i* ! unit is situat$1   
holds a security int]e/ "u a mortgage or
 de$ ( tru/ on ! unit1 or holds a       
non-controll+ int]e/ 9 an entity :i*    
owns ! unit or 9 ! manag+ memb] or g5]al
 p>tn] ( an entity :i* owns ! unit4  4  
#ajf4 ,,pha project-bas$ assi/ance  7a7 
,9 g5]al ,p>agraph 7#ac7 ( section #h7o7
 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg   
7#db ,u4,s4,c4 #adcg;f7o77#ac77 is      
am5d$--  7#a7 by /rik+ /ructure ea*     
place su* t]m appe>s & ins]t+ 8project02
  7#b7 by /rik+ subp>agraph 7,b7 &      
ins]t+ ! foll[+ new subp>agraph3  7,b7  
,p]c5tage limitation  7i7 ,9 g5]al      
,subject to clause 7ii71 a public h\s+  
ag5cy may use = project-bas$ assi/ance  
"u ?is p>agraph n m ?an #bj p]c5t ( !   
au?oriz$ units = ! ag5cy4  7ii7         
,exception ,a public h\s+ ag5cy may use 
up to an additional #aj p]c5t ( !       
au?oriz$ units = ! ag5cy = project-bas$ 
assi/ance "u ?is p>agraph1 to provide   
units t h\se individuals & families t   
meet ! def9ition ( homeless "u section  

#ajc ( ! ,mc,kinney-,v5to ,homeless     
,assi/ance ,act 7#db ,u4,s4,c4 #aacjb71 
t h\se families ) vet]ans1 t provide    
supportive h\s+ to p]sons ) disabilities
 or eld]ly p]sons1 or t are locat$ 9    
areas :]e v\*]s "u ?is subsection are   
difficult to use1 z specifi$ 9          
subp>agraph 7,d77ii77,,ii74 ,any units (
 project-bas$ assi/ance t are atta*$ to 
units previ\sly subject to f$]ally      
requir$ r5t re/rictions or receiv+ ano!r
 type ( long-t]m h\s+ subsidy provid$ by
 ! ,secret>y %all n c\nt t[>d ! p]c5tage
 limitation "u clause 7i7 ( ?is         
subp>agraph4 ,! ,secret>y may1 by       
regulation1 e/abli% additional          
categories = ! exception "u ?is clause4 
2  7#c7 by /rik+ subp>agraph 7,d7 &     
ins]t+ ! foll[+ new subp>agraph3  7,d7  
,income-mix+ requirem5t  7i7 ,9 g5]al   
,except z provid$ 9 clause 7ii71 n m ?an
 ! great] ( #be dwell+ units or #be     
p]c5t ( ! dwell+ units 9 any project may
 be assi/$ "u a h\s+ assi/ance paym5t   
contract = project-bas$ assi/ance       

pursuant to ?is p>agraph4 ,= purposes ( 
?is subp>agraph1 ! t]m project means a  
s+le build+1 multiple contigu\s build+s1
 or multiple build+s on contigu\s p>cels
 ( l&4  7ii7 ,exceptions  7,i7 ,c]ta9   
families ,! limitation "u clause 7i7    
%all n apply to dwell+ units assi/$ "u a
 contract t are exclusively made        
available to eld]ly families or to      
h\seholds eligible = supportive s]vices 
t are made available to ! assi/$        
resid5ts ( ! project1 accord+ to /&>ds =
 su* s]vices ! ,secret>y may e/abli%4   
7,,ii7 ,c]ta9 areas ,) respect to areas 
9 :i* t5ant-bas$ v\*]s = assi/ance "u   
?is subsection are difficult to use1 z  
det]m9$ by ! ,secret>y1 & ) respect to  
c5sus tracts ) a pov]ty rate ( #bj p]c5t
 or less1 clause 7i7 %all be appli$ by  
sub/itut+ #dj p]c5t = #be p]c5t1 & !    
,secret>y may1 by regulation1 e/abli%   
additional conditions4  7,,iii7 ,c]ta9  
contracts ,! limitation "u clause 7i7   
%all n apply ) respect to contracts or  
r5ewal ( contracts "u :i* a great]      

p]c5tage ( ! dwell+ units 9 a project 7 
assi/$ "u a h\s+ assi/ance paym5t       
contract = project-bas$ assi/ance       
pursuant to ?is p>agraph on ! date ( !  
enactm5t ( ! ,h\s+ ,opportunity ,?r\gh  
,mod]nization ,act ( #bjae4  7,,iv7     
,c]ta9 prop]ties ,any units (           
project-bas$ assi/ance "u ?is p>agraph t
 are atta*$ to units previ\sly subject  
to f$]ally requir$ r5t re/rictions or   
receiv+ o!r project-bas$ assi/ance      
provid$ by ! ,secret>y %all n c\nt t[>d 
! p]c5tage limitation impos$ by ?is     
subp>agraph 7,d74  7iii7 ,additional    
monitor+ & ov]sight requirem5ts ,!      
,secret>y may e/abli% additional        
requirem5ts = monitor+ & ov]sight (     
projects 9 :i* m ?an #dj p]c5t ( !      
dwell+ units are assi/$ "u a h\s+       
assi/ance paym5t contract = project-bas$
 assi/ance pursuant to ?is p>agraph4  2 
7#d7 by /rik+ subp>agraph 7,f7 & ins]t+ 
! foll[+ new subp>agraph3  7,f7         
,contract t]m  7i7 ,t]m ,a h\s+         
assi/ance paym5t contract pursuant to   

?is p>agraph betwe5 a public h\s+ ag5cy 
& ! own] ( a project may h a t]m ( up to
 #bj ye>s1 subject to--  7,i7 !         
availability ( suffici5t appropriat$    
funds = ! purpose ( r5ew+ expir+        
contracts = assi/ance paym5ts1 z provid$
 9 appropriation ,acts & 9 ! ag5cy's    
annual contributions contract ) !       
,secret>y1 provid$ t 9 ! ev5t (         
insuffici5t appropriat$ funds1 paym5ts  
due "u contracts "u ?is p>agraph %all   
take priority if o!r co/-sav+ measures t
 d n require ! t]m9ation ( an exi/+     
contract are available to ! ag5cy2 &    
7,,ii7 compliance ) ! inspection        
requirem5ts "u p>agraph 7#h71 except t !
 ag5cy %all n be requir$ to make bi5nial
 inspections ( ea* assi/$ unit 9 !      
developm5t4  7ii7 ,addition ( eligible  
units ,subject to ! limitations (       
subp>agraphs 7,b7 & 7,d71 ! ag5cy & !   
own] may add eligible units )9 ! same   
project to a h\s+ assi/ance paym5ts     
contract at any "t dur+ ! t]m !re( )\t  
be+ subject to any additional           

competitive selection proc$ures4  7iii7 
,h\s+ "u con/ruction or rec5tly         
con/ruct$ ,an ag5cy may ent] into a h\s+
 assi/ance paym5ts contract ) an own] = 
any unit t does n qualify z exi/+ h\s+ &
 is "u con/ruction or rec5tly has be5   
con/ruct$ :e!r or n ! ag5cy has execut$ 
an agreem5t to ent] into a contract ) ! 
own]1 provid$ t ! own] demon/rates      
compliance ) applicable requirem5ts     
prior to execution ( ! h\s+ assi/ance   
paym5ts contract4 ,?is clause %all n    
subject a h\s+ assi/ance paym5ts        
contract = exi/+ h\s+ "u ?is p>agraph to
 su* requirem5ts or o!rwise limit !     
ext5t to :i* a unit may be assi/$ z     
exi/+ h\s+4  7iv7 ,additional conditions
 ,! contract may specify additional     
conditions1 includ+ ) respect to        
cont9uation1 t]m9ation1 or expiration1 &
 %all specify t ^u t]m9ation or         
expiration ( ! contract )\t ext5sion1   
ea* assi/$ family may elect to use its  
assi/ance "u ?is subsection to rema9 9 !
 same project if its unit complies ) !  

inspection requirem5ts "u p>agraph 7#h71
 ! r5t = ! unit is reasonable z requir$ 
by p>agraph 7#aj77;,a71 & ! family pays 
its requir$ %>e ( ! r5t & ! am\nt1 if   
any1 by :i* ! unit r5t 7includ+ ! am\nt 
all[$ = t5ant-bas$ utilities7 exce$s !  
applicable paym5t /&>d4  2  7#e7 9      
subp>agraph 7,g71 by /rik+ #ae ye>s &   
ins]t+ #bj ye>s2  7#f7 by /rik+         
subp>agraph 7,i7 & ins]t+ ! foll[+ new  
subp>agraph3  7,i7 ,r5t adju/m5ts ,a    
h\s+ assi/ance paym5ts contract pursuant
 to ?is p>agraph ent]$ into aft] ! date 
( ! enactm5t ( ! ,h\s+ ,opportunity     
,?r\gh ,mod]nization ,act ( #bjae %all  
provide = annual r5t adju/m5ts ^u !     
reque/ ( ! own]1 except t--  7i7 by     
agreem5t ( ! p>ties1 a contract may all[
 a public h\s+ ag5cy to adju/ ! r5t =   
cov]$ units us+ an op]at+ co/ adju/m5t  
factor e/abli%$ by ! ,secret>y pursuant 
to section #ebd7;c7 ( ! ,multifamily    
,assi/$ ,h\s+ ,re=m & ,af=dability ,act 
( #aiig 7:i* %all n result 9 a negative 
adju/m5t71 9 :i* case ! contract may    

require an additional adju/m5t1 if      
reque/$1 up to ! reasonable r5t         
p]iodically dur+ ! t]m ( ! contract1 &  
%all require su* an adju/m5t1 if        
reque/$1 ^u ext5sion pursuant to        
subp>agraph 7,g72  7ii7 ! adju/$ r5t    
%all n exce$ ! maximum r5t p]mitt$ "u   
subp>agraph 7,h72  7iii7 ! contract may 
provide t ! maximum r5t p]mitt$ = a     
dwell+ unit %all n be less ?an ! initial
 r5t = ! dwell+ unit "u ! initial h\s+  
assi/ance paym5ts contract cov]+ !      
units2 &  7iv7 ! provisions ( subsection
 7c77#b77;,c7 %all n apply4  2  7#g7 9  
subp>agraph 7,j7--  7,a7 9 ! fir/       
s5t5ce-- 7i7 by /rik+ %all & ins]t+ may2
 &  7ii7 by ins]t+ be=e ! p]iod !       
foll[+3 or may p]mit own]s to select    
applicants f site-bas$ wait+ li/s z     
specifi$ 9 ?is subp>agraph2  7,b7 by    
/rik+ ! ?ird s5t5ce & ins]t+ ! foll[+3  
,! ag5cy or own] may e/abli% pref]5ces  
or crit]ia = selection = a unit assi/$  
"u ?is p>agraph t are consi/5t ) !      
public h\s+ ag5cy plan = ! ag5cy approv$

 "u section #e;,a & t give pref]5ce to  
families :o qualify = volunt>y s]vices1 
includ+ disability-specific s]vices1    
(f]$ 9 conjunction ) assi/$ units42 &   
7,c7 by /rik+ ! fif? & six? s5t5ces &   
ins]t+ ! foll[+3 ,a public h\s+ ag5cy   
may e/abli% & utilize proc$ures =       
own]-ma9ta9$ site-bas$ wait+ li/s1 "u   
:i* applicants may apply at1 or o!rwise 
designate to ! public h\s+ ag5cy1 !     
project or projects 9 :i* !y seek to    
reside1 except t all eligible applicants
 on ! wait+ li/ ( an ag5cy = assi/ance  
"u ?is subsection %all be p]mitt$ to    
place _! names on su* sep>ate li/1      
subject to policies & proc$ures e/abli%$
 by ! ,secret>y4 ,all su* proc$ures %all
 comply ) title ,,vi ( ! ,civil ,rights 
,act ( #aifd1 ! ,fair ,h\s+ ,act1       
section #ejd ( ! ,rehabilitation ,act ( 
#aigc1 & o!r applicable civil rights    
laws4 ,! own] or manag] ( a project     
assi/$ "u ?is p>agraph %all n admit any 
family to a dwell+ unit assi/$ "u a     
contract pursuant to ?is p>agraph o!r   

?an a family ref]r$ by ! public h\s+    
ag5cy f its wait+ li/1 or a family on a 
site-bas$ wait+ li/ t complies ) !      
requirem5ts ( ?is subp>agraph4 ,a public
 h\s+ ag5cy %all disclose to ea*        
applicant all o!r options 9 ! selection 
( a project 9 :i* to reside t are       
provid$ by ! public h\s+ ag5cy & are    
available to ! applicant42  7#h7 9      
subp>agraph 7,m77ii71 by ins]t+ be=e !  
p]iod at ! end ! foll[+3 relat+ to fund+
 o!r ?an h\s+ assi/ance paym5ts2 &  7#i7
 by add+ at ! end ! foll[+ new          
subp>agraphs3  7,n7 ,/ructure own$ by   
ag5cy ,a public h\s+ ag5cy engag$ 9 an  
initiative to improve1 develop1 or      
replace a public h\s+ prop]ty or site   
may atta* assi/ance to an exi/+1 newly  
con/ruct$1 or rehabilitat$ /ructure 9   
:i* ! ag5cy has an own]%ip int]e/ or :i*
 ! ag5cy has control ( )\t foll[+ a     
competitive process1 provid$ t ! ag5cy  
has notifi$ ! public ( its int5t ?r\gh  
its public h\s+ ag5cy plan & subject to 
! limitations & requirem5ts ( ?is       

p>agraph4  7,o7 ,special purpose v\*]s  
,a public h\s+ ag5cy t adm9i/]s v\*]s   
au?oriz$ "u subsection 7o77#ai7 or 7x7 (
 ?is section may provide su* assi/ance 9
 accordance ) ! limitations &           
requirem5ts ( ?is p>agraph1 )\t         
additional requirem5ts = approval by !  
,secret>y4  4  7b7 ,effective date ,!   
,secret>y ( ,h\s+ & ,urban ,developm5t  
%all issue notice or regulations to     
implem5t subsection 7a7 ( ?is section & 
su* subsection %all take effect ^u su*  
issuance4  #ajg4 ,e/abli%m5t ( fair     
m>ket r5t  7a7 ,9 g5]al ,p>agraph 7#a7 (
 section #h7;c7 ( ! ,unit$ ,/ates ,h\s+ 
,act ( #aicg 7#db ,u4,s4,c4             
#adcg;f7c77#a77 is am5d$--  7#a7 by     
ins]t+ 7,a7 aft] ! p>agraph designation2
  7#b7 by /rik+ ! f\r?1 sev5?1 eigh?1 & 
n9? s5t5ces2 &  7#c7 by add+ at ! end ! 
foll[+3  7,b7 ,fair m>ket r5tals = an   
area %all be publi%$ n less ?an annually
 by ! ,secret>y on ! site ( ! ,dep>tm5t 
on ! ,_w ,wide ,web & 9 any o!r mann]   
specifi$ by ! ,secret>y4 ,notice t su*  

fair m>ket r5tals are be+ publi%$ %all  
be publi%$ 9 ! ,f$]al ,regi/]1 & su*    
fair m>ket r5tals %all become effective 
no e>li] ?an #cj days aft] ! date ( su* 
publication4 ,! ,secret>y %all e/abli% a
 proc$ure = public h\s+ ag5cies & o!r   
int]e/$ p>ties to comm5t on su* fair    
m>ket r5tals & to reque/1 )9 a "t       
specifi$ by ! ,secret>y1 reevaluation ( 
! fair m>ket r5tals 9 a jurisdiction    
be=e su* r5tals become effective4 ,!    
,secret>y %all cause to be publi%$ =    
comm5t 9 ! ,f$]al ,regi/] notices (     
propos$ mat]ial *anges 9 ! me?odology = 
e/imat+ fair m>ket r5tals & notices     
specify+ ! f9al decisions reg>d+ su*    
propos$ sub/antial me?odological *anges 
& responses to public comm5ts4  4  7b7  
,paym5t /&>d ,subp>agraph 7,b7 ( section
 #h7o77#a7 ( ! ,unit$ ,/ates ,h\s+ ,act 
( #aicg 7#db ,u4,s4,c4                  
#adcg;f7o77#a77;,b77 is am5d$ by ins]t+ 
be=e ! p]iod at ! end ! foll[+3 1 except
 t no public h\s+ ag5cy %all be requir$ 
z a result ( a r$uction 9 ! fair m>ket  

r5tal to r$uce ! paym5t /&>d appli$ to a
 family cont9u+ to reside 9 a unit = :i*
 ! family 0 receiv+ assi/ance "u ?is    
section at ! "t ! fair m>ket r5tal 0    
r$uc$4 ,! ,secret>y %all all[ public    
h\s+ ag5cies to reque/ exception paym5t 
/&>ds )9 fair m>ket r5tal areas subject 
to crit]ia & proc$ures e/abli%$ by !    
,secret>y4  7c7 ,effective date ,!      
am5dm5ts made by ?is section %all take  
effect ^u ! date ( ! enactm5t ( ?is     
,act4  #ajh4 ,collection ( utility data 
,section #h7o7 ( ! ,unit$ ,/ates ,h\s+  
,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o77 
is am5d$ by add+ at ! end ! foll[+ new  
p>agraph3  7#bj7 ,collection ( utility  
data  7,a7 ,publication ,! ,secret>y    
%all1 to ! ext5t t data c be collect$   
co/ effectively1 regul>ly publi% su*    
data reg>d+ utility consumption & co/s 9
 local areas z ! ,secret>y det]m9es w be
 useful = ! e/abli%m5t ( all[ances =    
t5ant-paid utilities = families assi/$  
"u ?is subsection4  7,b7 ,use ( data ,! 
,secret>y %all provide su* data 9 a     

mann] t-- 7i7 avoids unnecess>y         
adm9i/rative burd5s = public h\s+       
ag5cies & own]s2 &  7ii7 protects       
families 9 v>i\s unit sizes & build+    
types1 & us+ v>i\s utilities1 f high r5t
 & utility co/ burd5s relative to       
income4  4  #aji4 ,public h\s+ ,capital 
& ,op]at+ ,funds  7a7 ,capital ,fund    
replacem5t res]ves ,section #i ( !      
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;g7 is am5d$-- 7#a7 9    
subsection 7j71 by add+ at ! end !      
foll[+ new p>agraph3  7#g7 ,treatm5t (  
replacem5t res]ve ,! requirem5ts ( ?is  
subsection %all n apply to funds held 9 
replacem5t res]ves e/abli%$ pursuant to 
subsection 7n74  2 &  7#b7 by add+ at ! 
end ! foll[+ new subsection3  7n7       
,e/abli%m5t ( replacem5t res]ves  7#a7  
,9 g5]al ,public h\s+ ag5cies %all be   
p]mitt$ to e/abli% a replacem5t res]ve  
to fund any ( ! capital activities li/$ 
9 subsection 7d77#a74  7#b7 ,s\rce &    
am\nt ( funds = replacem5t res]ve ,at   
any "t1 a public h\s+ ag5cy may deposit 

funds f su* ag5cy's ,capital ,fund into 
a replacem5t res]ve1 subject to !       
foll[+3  7,a7 ,at ! discretion ( !      
,secret>y1 public h\s+ ag5cies may      
transf] & hold 9 a replacem5t res]ve    
funds orig9at+ f additional s\rces4     
7,b7 ,no m9imum transf] ( funds to a    
replacem5t res]ve %all be requir$4  7,c7
 ,at any "t1 a public h\s+ ag5cy may n  
hold 9 a replacem5t res]ve m ?an ! am\nt
 ! public h\s+ au?ority has det]m9$     
necess>y to satisfy ! anticipat$ capital
 ne$s ( prop]ties 9 its portfolio assi/$
 "u ?is section1 z outl9$ 9 its ,capital
 ,fund #e-,ye> ,action ,plan1 or a      
comp>able plan1 z det]m9$ by !          
,secret>y4  7,d7 ,! ,secret>y may       
e/abli%1 by regulation1 a maximum       
replacem5t res]ve level or levels t are 
bel[ am\nts det]m9$ "u subp>agraph 7,c71
 :i* may be bas$ ^u ! size ( ! portfolio
 assi/$ "u ?is section or o!r factors4  
7#c7 ,transf] ( op]at+ funds ,9 fir/    
e/abli%+ a replacem5t res]ve1 !         
,secret>y may all[ public h\s+ ag5cies  

to transf] m ?an #bj p]c5t ( its op]at+ 
funds into its replacem5t res]ve4  7#d7 
,exp5diture ,funds 9 a replacem5t res]ve
 may be us$ = purposes au?oriz$ by      
subsection 7d77#a7 & conta9$ 9 its      
,capital ,fund #e-,ye> ,action ,plan4   
7#e7 ,managem5t & report ,! ,secret>y   
%all e/abli% appropriate acc\nt+ &      
report+ requirem5ts to ensure t public  
h\s+ ag5cies are sp5d+ funds on eligible
 projects & t funds 9 ! replacem5t      
res]ve are connect$ to capital ne$s4  4 
7b7 ,flexibility ( op]at+ fund am\nts   
,p>agraph 7#a7 ( section #i7;g7 ( !     
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;g7g77#a77 is am5d$--    
7#a7 by /rik+ 7#a7 & all t foll[s ?r\gh 
--,( & ins]t+ ! foll[+3  7#a7           
,flexibility 9 use ( funds  7,a7        
,flexibility = capital fund am\nts ,(  2
 &  7#b7 by add+ at ! end ! foll[+ new  
subp>agraph3  7,b7 ,flexibility = op]at+
 fund am\nts ,( any am\nts appropriat$ =
 fiscal ye> #bjaf or any fiscal ye>     
!reaft] t are allocat$ = fiscal ye>     

#bjaf or any fiscal ye> !reaft] f !     
,op]at+ ,fund = any public h\s+ ag5cy1 !
 ag5cy may use n m ?an #bj p]c5t =      
activities t are eligible "u subsection 
7d7 = assi/ance ) am\nts f ! ,capital   
,fund1 b only if ! public h\s+ plan "u  
section #e;,a = ! ag5cy provides = su*  
use4  4  #aaj4 ,family unification      
program = *ildr5 ag+ out ( fo/] c>e     
,section #h7x7 ( ! ,unit$ ,/ates ,h\s+  
,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7x77 
is am5d$-- 7#a7 9 p>agraph 7#b77;,b7--  
7,a7 by /rik+ #ah mon?s & ins]t+ #cf    
mon?s2  7,b7 by /rik+ #ba ye>s ( age &  
ins]t+ #bd ye>s ( age2 &  7,c7 by ins]t+
 aft] h left fo/] c>e ! foll[+3 1 or w  
leave fo/] c>e )9 #ij days1 9 accordance
 ) a transition plan describ$ 9 section 
#dge7e77;,h7 ( ! ,social ,security ,act1
 & is homeless or is at risk ( becom+   
homeless2  7#b7 by r$esignat+ p>agraph  
7#d7 z p>agraph 7#e72 &  7#c7 by ins]t+ 
aft] p>agraph 7#c7 ! foll[+ new         
p>agraph3  7#d7 ,coord9ation betwe5     
public h\s+ ag5cies & public *ild welf>e

 ag5cies ,! ,secret>y %all1 n lat] ?an !
 expiration ( ! #ahj-;day p]iod beg9n+  
on ! date ( ! enactm5t ( ! ,h\s+        
,opportunity ,?r\gh ,mod]nization ,act (
 #bjae & aft] consultation ) o!r        
appropriate ,f$]al ag5cies1 issue       
guidance to improve coord9ation betwe5  
public h\s+ ag5cies & public *ild welf>e
 ag5cies 9 c>ry+ out ! program "u ?is   
subsection1 :i* %all provide guidance   
on--  7,a7 id5tify+ eligible recipi5ts =
 assi/ance "u ?is subsection2  7,b7     
coord9at+ ) o!r local y\? & family      
provid]s 9 ! community & p>ticipat+ 9 ! 
,cont9uum ( ,c>e program e/abli%$ "u    
subtitle ,c ( title ,,iv ( !            
,mc,kinney-,v5to ,homeless ,assi/ance   
,act 7#db ,u4,s4,c4 #aacha et seq472    
7,c7 implem5t+ h\s+ /rategies to assi/  
eligible families & y\?2  7,d7 align+   
sy/em goals to improve outcomes =       
families & y\? & r$uc+ lapses 9 h\s+ =  
families & y\?2 &  7,e7 id5tify+        
res\rces t are available to eligible    
families & y\? to provide supportive    

s]vices available ?r\gh p>ts ,b & ,e (  
title ,,iv ( ! ,social ,security ,act   
7#db ,u4,s4,c4 #fba et seq42 #fgj et    
seq47 or t ! head ( h\sehold ( a family 
or y\? may be entitl$ to receive "u     
section #dgg ( ! ,social ,security ,act 
7#db ,u4,s4,c4 #fgg74  4  ,,ii ,rural   
h\s+  #bja4 ,delegation ( gu>ante$ rural
 h\s+ loan approval ,subsection 7h7 (   
section #ejb ( ! ,h\s+ ,act ( #aidi 7#db
 ,u4,s4,c4 #adgb7;h77 is am5d$ by add+  
at ! end ! foll[+ new p>agraph3  7#ah7  
,delegation ( approval ,! ,secret>y may 
delegate1 9 "p or 9 full1 ! ,secret>y's 
au?ority to approve & execute b9d+      
,rural ,h\s+ ,s]vice loan gu>antees     
pursuant to ?is subsection to c]ta9     
pref]r$ l5d]s1 9 accordance ) /&>ds     
e/abli%$ by ! ,secret>y4  4  ,,iii ,,fha
 mortgage insurance = condom9iums  #cja4
 ,modification ( ,,fha requirem5ts =    
mortgage insurance = condom9iums        
,section #bjc ( ! ,national ,h\s+ ,act  
7#ab ,u4,s4,c4 #agji7 is am5d$ by add+  
at ! end ! foll[+ new subsection3  7y7  

,requirem5ts = mortgages = condom9iums  
7#a7 ,project rec]tification requirem5ts
 ,not)/&+ any o!r law1 regulation1 or   
guidel9e ( ! ,secret>y1 includ+ *apt]   
#b4d ( ! ,condom9ium ,project ,approval 
& ,process+ ,guide ( ! ,,fha1 !         
,secret>y %all /reaml9e ! project       
c]tification requirem5ts t are          
applicable to ! insurance "u ?is section
 = mortgages = condom9ium projects s t  
rec]tifications are sub/antially less   
burd5some ?an c]tifications4 ,!         
,secret>y %all consid] l5g!n+ ! "t      
betwe5 c]tifications = approv$          
prop]ties1 & all[+ updat+ ( in=mation r 
?an resubmission4  7#b7 ,comm]cial space
 requirem5ts ,not)/&+ any o!r law1      
regulation1 or guidel9e ( ! ,secret>y1  
includ+ *apt] #b4a4c ( ! ,condom9ium    
,project ,approval & ,process+ ,guide ( 
! ,,fha1 9 provid+ = exceptions to !    
requirem5t = ! insurance ( a mortgage on
 a condom9ium prop]ty "u ?is section    
reg>d+ ! p]c5tage ( ! floor space ( a   
condom9ium prop]ty t may be us$ =       

nonresid5tial or comm]cial purposes1 !  
,secret>y %all provide t--  7,a7 any    
reque/ = su* an exception & !           
det]m9ation ( ! disposition ( su* reque/
 may be made1 at ! option ( ! reque/]1  
"u ! direct endorsem5t l5d] review &    
approval process or "u ! ,,hud review & 
approval process ?r\gh ! applicable     
field (fice ( ! ,dep>tm5t2 &  7,b7 9    
det]m9+ :e!r to all[ su* an exception = 
a condom9ium prop]ty1 factors relat+ to 
! economy = ! locality 9 :i* su* project
 is locat$ or specific to project1      
includ+ ! total numb] ( family units 9 !
 project1 %all be consid]$4  ,n lat] ?an
 ! expiration ( ! #ij-;day p]iod beg9n+ 
on ! date ( ! enactm5t ( ?is p>agraph1 !
 ,secret>y %all issue regulations to    
implem5t ?is p>agraph1 :i* %all include 
any /&>ds1 tra9+ requirem5ts1 & rem$ies 
& p5alties t ! ,secret>y consid]s       
appropriate4  7#c7 ,transf] fees        
,not)/&+ any o!r law1 regulation1 or    
guidel9e ( ! ,secret>y1 includ+ *apt]   
#a4h4h ( ! ,condom9ium ,project         

,approval & ,process+ ,guide ( ! ,,fha &
 section #bjc4da ( ! ,secret>y's        
regulations 7#bd ,c4,f4,r4 #bjc4da71    
exi/+ /&>ds ( ! ,f$]al ,h\s+ ,f9ance    
,ag5cy relat+ to encumbrances "u private
 transf] fee cov5ants %all apply to !   
insurance ( mortgages by ! ,secret>y "u 
?is section to ! same ext5t & 9 ! same  
mann] t su* /&>ds apply to ! pur*as+1   
inve/+ 91 & o!rwise deal+ 9 mortgages by
 ! ,f$]al ,national ,mortgage           
,association & ! ,f$]al ,home ,loan     
,mortgage ,corporation4 ,if ! provisions
 ( "p #abbh ( ! ,director ( ! ,f$]al    
,h\s+ ,f9ance ,ag5cy's regulations 7#ab 
,c4,f4,r4 "p #abbh7 are am5d$ or o!rwise
 *ang$ aft] ! date ( ! enactm5t ( ?is   
p>agraph1 ! ,secret>y ( ,h\s+ & ,urban  
,developm5t %all adopt any su* am5dm5ts 
or *anges = purposes ( ?is p>agraph1    
unless ! ,secret>y causes to be publi%$ 
9 ! ,f$]al ,regi/] a notice expla9+ :y !
 ,secret>y w disreg>d su* am5dm5ts or   
*anges )9 #ij days aft] ! effective date
 ( su* am5dm5ts or *anges4  7#d7        

,own]-occupancy requirem5t  7,a7        
,e/abli%m5t ( p]c5tage requirem5t ,n    
lat] ?an ! expiration ( ! #ij-;day p]iod
 beg9n+ on ! date ( ! enactm5t ( ?is    
p>agraph1 ! ,secret>y %all1 by rule1    
notice1 or mortgagee lett]1 issue       
guidance reg>d+ ! p]c5tage ( units t mu/
 be occupi$ by ! own]s z a pr9cipal     
resid5ce or a second>y resid5ce 7z su*  
t]ms are def9$ by ! ,secret>y71 or mu/ h
 be5 sold to own]s :o int5d to meet su* 
occupancy requirem5ts1 includ+          
ju/ifications = ! p]c5tage requirem5ts1 
9 ord] = a condom9ium project to be     
acceptable to ! ,secret>y = insurance "u
 ?is section ( a mortgage )9 su*        
condom9ium prop]ty4  7,b7 ,failure to   
act ,if ! ,secret>y fails to issue !    
guidance requir$ "u subp>agraph 7,a7    
be=e ! expiration ( ! #ij-;day p]iod    
specifi$ 9 su* clause1 ! foll[+         
provisions %all apply3  7i7 #ce p]c5t   
requirem5t ,9 ord] = a condom9ium       
project to be acceptable to ! ,secret>y 
= insurance "u ?is section1 at lea/ #ce 

p]c5t ( all family units 7includ+ units 
n cov]$ by ,,fha-insur$ mortgages7 mu/  
be occupi$ by ! own]s z a pr9cipal      
resid5ce or a second>y resid5ce 7z su*  
t]ms are def9$ by ! ,secret>y71 or mu/ h
 be5 sold to own]s :o int5d to meet su* 
occupancy requirem5t4  7ii7 ,o!r        
consid]ations ,! ,secret>y may increase 
! p]c5tage applicable pursuant to clause
 7i7 to a condom9ium project on a       
project-by-project or regional basis1 & 
9 det]m9+ su* p]c5tage = a project %all 
consid] factors relat+ to ! economy = ! 
locality 9 :i* su* project is locat$ or 
specific to project1 includ+ ! total    
numb] ( family units 9 ! project4  4    
,,iv ,h\s+ re=ms = ! homeless & =       
vet]ans  #dja4 ,def9ition ( geographic  
area = ,cont9uum ( ,c>e ,program  7a7   
,def9ition ,subtitle ,c ( !             
,mc,kinney-,v5to ,homeless ,assi/ance   
,act is am5d$-- 7#a7 by r$esignat+      
sections #dcb & #dcc 7#db ,u4,s4,c4     
#aachg1 #aachh7 z sections #dcc & #dcd1 
respectively2 &  7#b7 by ins]t+ aft]    

section #dca 7#db ,u4,s4,c4 #aachf;e7 ! 
foll[+ new section3  #dcb4 ,geographic  
areas  7a7 ,requirem5t to def9e ,=      
purposes ( ?is subtitle1 ! t]m          
geographic area %all h su* mean+ z !    
,secret>y %all by notice provide4  7b7  
,issuance ( notice ,n lat] ?an !        
expiration ( ! #ij-;day p]iod beg9n+ on 
! date ( ! enactm5t ( ! ,h\s+           
,opportunity ,?r\gh ,mod]nization ,act (
 #bjae1 ! ,secret>y %all issue a notice 
sett+ =? ! def9ition requir$ by         
subsection 7a74  4  7b7 ,cl]ical am5dm5t
 ,! table ( cont5ts 9 section #aja7;b7 (
 ! ,mc,kinney-,v5to ,homeless ,assi/ance
 ,act 7#db ,u4,s4,c4 #aacja note7 is    
am5d$ by /rik+ ! items relat+ to        
sections #dcb & #dcc & ins]t+ ! foll[+  
new items3  ,sec4 #dcb4 ,geographic     
areas4 ,sec4 #dcc4 ,regulations4 ,sec4  
#dcd4 ,reports to ,congress4  4  #djb4  
,inclusion ( public h\s+ ag5cies & local
 r$evelopm5t au?orities 9 em]g5cy       
solutions grants ,section #dad7;c7 ( !  
,mc,kinney-,v5to ,homeless ,assi/ance   

,act 7#db ,u4,s4,c4 #aacgc7;c77 is      
am5d$-- 7#a7 9 ! subsection head+1 by   
ins]t+ 1 public h\s+ ag5cies1 & local   
r$evelopm5t au?orities aft]             
organizations2 &  7#b7 9 ! fir/ s5t5ce1 
by ins]t+ be=e ! p]iod at ! end !       
foll[+3 1 to public h\s+ ag5cies 7z     
def9$ "u section #c7;b77#f7 ( ! ,unit$  
,/ates ,h\s+ ,act ( #aicg71 or to local 
r$evelopm5t au?orities 7z def9$ "u ,/ate
 law74  #djc4 ,special assi/ant =       
,vet]ans ,affairs 9 ! ,dep>tm5t ( ,h\s+ 
& ,urban ,developm5t  7a7 ,transf] (    
position to ,(fice ( ! ,secret>y        
,section #d ( ! ,dep>tm5t ( ,h\s+ &     
,urban ,developm5t ,act 7#db ,u4,s4,c4  
#cecc7 is am5d$ by add+ at ! end !      
foll[+ new subsection3  7h7 ,special    
assi/ant = vet]ans affairs  7#a7        
,position ,!re %all be 9 ! ,(fice ( !   
,secret>y a ,special ,assi/ant =        
,vet]ans ,affairs1 :o %all report       
directly to ! ,secret>y4  7#b7          
,appo9tm5t ,! ,special ,assi/ant =      
,vet]ans ,affairs %all be appo9t$ bas$  

solely on m]it & %all be cov]$ "u !     
provisions ( title #e1 ,unit$ ,/ates    
,code1 gov]n+ appo9tm5ts 9 ! competitive
 s]vice4  7#c7 ,responsibilities ,!     
,special ,assi/ant = ,vet]ans ,affairs  
%all be responsible =-- 7,a7 ensur+     
vet]ans h fair access to h\s+ & homeless
 assi/ance "u ea* program ( ! ,dep>tm5t 
provid+ ei!r su* assi/ance2  7,b7       
coord9at+ all programs & activities ( ! 
,dep>tm5t relat+ to vet]ans2  7,c7 s]v+ 
z a liaison = ! ,dep>tm5t ) ! ,dep>tm5t 
( ,vet]ans ,affairs1 includ+ e/abli%+ & 
ma9ta9+ relation%ips ) ! ,secret>y (    
,vet]ans ,affairs2  7,d7 s]v+ z a       
liaison = ! ,dep>tm5t1 & e/abli%+ &     
ma9ta9+ relation%ips ) ! ,unit$ ,/ates  
,int]ag5cy ,c\ncil on ,homelessness &   
(ficials ( ,/ate1 local1 regional1 &    
nongov]nm5tal organizations conc]n$ )   
vet]ans2  7,e7 provid+ in=mation &      
advice reg>d+-- 7i7 sponsor+ h\s+       
projects = vet]ans assi/$ "u programs   
adm9i/]$ by ! ,dep>tm5t2 or  7ii7 assi/+
 vet]ans 9 obta9+ h\s+ or homeless      

assi/ance "u programs adm9i/]$ by !     
,dep>tm5t2  7,f7 coord9at+ ) ! ,secret>y
 ( ,h\s+ & ,urban ,developm5t & !       
,secret>y ( ,vet]ans ,affairs 9 c>ry+   
out section #djd ( ! ,h\s+ ,opportunity 
,?r\gh ,mod]nization ,act ( #bjae2 &    
7,g7 c>ry+ out su* o!r duties z may be  
assign$ to ! ,special ,assi/ant by !    
,secret>y or by law4  4  7b7 ,transf] ( 
position 9 ,(fice ( ,deputy ,assi/ant   
,secret>y = ,special ,ne$s ,on ! date t 
! initial ,special ,assi/ant = ,vet]ans 
,affairs is appo9t$ pursuant to section 
#d7;h77#b7 ( ! ,dep>tm5t ( ,h\s+ &      
,urban ,developm5t ,act1 z add$ by      
subsection 7a7 ( ?is section1 ! position
 ( ,special ,assi/ant = ,vet]ans        
,programs 9 ! ,(fice ( ! ,deputy        
,assi/ant ,secret>y = ,special ,ne$s ( !
 ,dep>tm5t ( ,h\s+ & ,urban ,developm5t 
%all be t]m9at$4  #djd4 ,annual         
supplem5tal report on vet]ans           
homelessness  7a7 ,9 g5]al ,! ,secret>y 
( ,h\s+ & ,urban ,developm5t & !        
,secret>y ( ,vet]ans ,affairs1 9        

coord9ation ) ! ,unit$ ,/ates ,int]ag5cy
 ,c\ncil on ,homelessness1 %all submit  
annually to ! ,committees ( ! ,congress 
specifi$ 9 subsection 7b71 toge!r ) !   
annual reports requir$ by su*           
,secret>ies "u section #bjc7;c77#a7 ( ! 
,mc,kinney-,v5to ,homeless ,assi/ance   
,act 7#db ,u4,s4,c4 #aacac7;c77#a771 a  
supplem5tal report t includes ! foll[+  
in=mation ) respect to ! prec$+ ye>3    
7#a7 ,! same in=mation1 = su* prec$+    
ye>1 t 0 includ$ ) respect to #bjaj 9 ! 
report by ! ,secret>y ( ,h\s+ & ,urban  
,developm5t & ! ,secret>y ( ,vet]ans    
,affairs entitl$ ,vet]ans ,homelessness3
 ,a ,supplem5tal ,report to ! #bjaj     
,annual ,homeless ,assessm5t ,report to 
,congress4  7#b7 ,in=mation reg>d+ !    
activities ( ! ,dep>tm5t ( ,h\s+ &      
,urban ,developm5t relat+ to vet]ans    
dur+ su* prec$+ ye>1 z foll[s3  7,a7 ,! 
numb] ( vet]ans provid$ assi/ance "u !  
h\s+ *oice v\*] program = ,vet]ans      
,affairs support$ h\s+ "u section       
#h7o77#ai7 ( ! ,unit$ ,/ates ,h\s+ ,act 

( #aicg 7#db ,u4,s4,c4 #adcg;f7o77#ai771
 ! socioeconomic *>act]i/ics ( su*      
homeless vet]ans1 & ! numb]1 types1 &   
locations ( entities contract$ "u su*   
section to adm9i/] ! v\*]s4  7,b7 ,a    
summ>y description ( ! special          
consid]ations made = vet]ans "u public  
h\s+ ag5cy plans submitt$ pursuant to   
section #e;,a ( ! ,unit$ ,/ates ,h\s+   
,act ( #aicg 7#db ,u4,s4,c4 #adcg;c-#a7 
& "u compreh5sive h\s+ af=dability      
/rategies submitt$ pursuant to section  
#aje ( ! ,cran/on-,gonzalez ,national   
,af=dable ,h\s+ ,act 7#db ,u4,s4,c4     
#abgje74  7,c7 ,a description ( !       
activities ( ! ,special ,assi/ant =     
,vet]ans ,affairs ( ! ,dep>tm5t ( ,h\s+ 
& ,urban ,developm5t4  7,d7 ,a          
description ( ! ef=ts ( ! ,dep>tm5t (   
,h\s+ & ,urban ,developm5t & ! o!r      
memb]s ( ! ,unit$ ,/ates ,int]ag5cy     
,c\ncil on ,homelessness to coord9ate ! 
deliv]y ( h\s+ & s]vices to vet]ans4    
7,e7 ,! co/ to ! ,dep>tm5t ( ,h\s+ &    
,urban ,developm5t ( adm9i/]+ ! programs

 & activities relat+ to vet]ans4  7,f7  
,any o!r in=mation t ! ,secret>y ( ,h\s+
 & ,urban ,developm5t & ! ,secret>y (   
,vet]ans ,affairs consid] relevant 9    
assess+ ! programs & activities ( !     
,dep>tm5t ( ,h\s+ & ,urban ,developm5t  
relat+ to vet]ans4  7b7 ,committees ,!  
,committees ( ! ,congress specifi$ 9 ?is
 subsection are z foll[s3 7#a7 ,!       
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate4  7#b7 ,! ,committee
 on ,vet]ans' ,affairs ( ! ,s5ate4  7#c7
 ,! ,committee on ,appropriations ( !   
,s5ate4  7#d7 ,! ,committee on ,f9ancial
 ,s]vices ( ! ,h\se ( ,repres5tatives4  
7#e7 ,! ,committee on ,vet]ans' ,affairs
 ( ! ,h\se ( ,repres5tatives4  7#f7 ,!  
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives4  ,v ,miscellane\s    
#eja4 ,inclusion ( ,disa/] ,h\s+        
,assi/ance ,program 9 c]ta9 fraud &     
abuse prev5tion measures ,! ,disa/]     
,h\s+ ,assi/ance ,program adm9i/]$ by ! 
,dep>tm5t ( ,h\s+ & ,urban ,developm5t  
%all be consid]$ a program ( ! ,dep>tm5t

 ( ,h\s+ & ,urban ,developm5t "u section
 #ijd ( ! ,/ew>t ,b4 ,mc,kinney         
,homeless ,assi/ance ,am5dm5ts ,act (   
#aihh 7#db ,u4,s4,c4 #cedd7 = ! purpose 
( income v]ifications4  #ejb4 ,en]gy    
effici5cy requirem5ts "u ,self-,help    
,home[n]%ip ,opportunity program        
,section #aa ( ! ,h\s+ ,opportunity     
,program ,ext5sion ,act ( #aiif 7#db    
,u4,s4,c4 #abhje note7 is am5d$ by      
ins]t+ aft] subsection 7f7 ! foll[+ new 
subsection3  7g7 ,en]gy effici5cy       
requirem5ts ,! ,secret>y may n require  
any dwell+ develop$ us+ am\nts f a grant
 made "u ?is section to meet any en]gy  
effici5cy /&>ds o!r ?an ! /&>ds         
applicable at su* "t pursuant to section
 #aji ( ! ,cran/on-,gonzalez ,national  
,af=dable ,h\s+ ,act 7#db ,u4,s4,c4     
#abgji7 to h\s+ specifi$ 9 subsection   
7a7 ( su* section4  4  #ejc4 ,data      
ex*ange /&>dization = improv$           
int]op]ability  7a7 ,data ex*ange       
/&>dization ,title ,i ( ! ,unit$ ,/ates 
,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg 

et seq47 is am5d$ by add+ at ! end !    
foll[+ new section3  #cg4 ,data ex*ange 
/&>ds = improv$ int]op]ability  7a7     
,designation ,! ,secret>y %all1 9       
consultation ) an int]ag5cy "w gr\p     
e/abli%$ by ! ,(fice ( ,managem5t &     
,budget1 & consid]+ ,/ate gov]nm5t      
p]spectives1 designate data ex*ange     
/&>ds to gov]n1 "u ?is ,act--  7#a7     
necess>y categories ( in=mation t ,/ate 
ag5cies op]at+ relat$ programs are      
requir$ "u applicable law to            
electronically ex*ange ) ano!r ,/ate    
ag5cy2 &  7#b7 ,f$]al report+ & data    
ex*ange requir$ "u applicable law4  7b7 
,requirem5ts ,! data ex*ange /&>ds      
requir$ by subsection 7a7 %all1 to !    
maximum ext5t practicable--  7#a7       
incorporate a widely accept$1           
nonpropriet>y1 se>*able1                
comput]-readable =mat1 su* z !          
e,xtensible ,m>kup ,language2  7#b7     
conta9 int]op]able /&>ds develop$ &     
ma9ta9$ by int]gov]nm5tal p>tn]%ips1 su*
 z ! ,national ,in=mation ,ex*ange      

,model2  7#c7 incorporate int]op]able   
/&>ds develop$ & ma9ta9$ by ,f$]al      
entities ) au?ority ov] contract+ &     
f9ancial assi/ance2  7#d7 be consi/5t ) 
& implem5t applicable acc\nt+ pr9ciples2
  7#e7 be implem5t$ 9 a mann] t is co/- 
effective & improves program effici5cy &
 effectiv5ess2 &  7#f7 be capable ( be+ 
cont9ually upgrad$ z necess>y4  7c7     
,rules ( con/ruction ,no?+ 9 ?is section
 requires a *ange to exi/+ data ex*ange 
/&>ds = ,f$]al report+ f\nd to be       
effective & effici5t4  4  7b7           
,applicability  7#a7 ,9 g5]al ,n lat]   
?an #b ye>s aft] ! date ( ! enactm5t (  
?is ,act1 ! ,secret>y ( ,h\s+ & ,urban  
,developm5t %all issue a propos$ rule to
 c>ry out ! am5dm5ts made by subsection 
7a74  7#b7 ,requirem5ts ,! rule %all--  
7,a7 id5tify f$]ally requir$ data       
ex*anges2  7,b7 include specification & 
tim+ ( ex*anges to be /&>diz$2  7,c7    
address ! factors us$ 9 det]m9+ :e!r &  
:5 to /&>dize data ex*anges2  7,d7      
specify ,/ate implem5tation options2 &  

7,e7 describe future mile/ones4  ,janu>y
 #bh1 #bjaf ,report$ ) an am5dm5t1      
committ$ to ! ,committee ( ! ,:ole ,h\se
 on ! ,/ate ( ! ,union1 & ord]$ to be   
pr9t$