,,ii #aad? ,,congress #b;d ,session ,s4 #bice ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #ag1 #bjaf ,mr4 ,flake 7= himself & ,mr4 ,coats7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to limit ! availability ( public h\s+ = ov]-income families4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,end ,h\s+ ,subsidies = ! ,ri* ,act ( #bjaf4 #b4 ,limitation on public h\s+ t5ancy = ov]-income families ,section #af7;a7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcgn7a77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,limitations on t5ancy = ov]-income families 7,a7 ,limitations ,except z provid$ 9 subp>agraph 7,b71 9 ! case ( any family resid+ 9 a dwell+ unit ( public h\s+ ^: income = ! mo/ rec5t #b consecutive ye>s1 z det]m9$ pursuant to income reviews conduct$ "u section #c7;a77#a71 has exce$$ ! applicable income limitation "u subp>agraph 7,d71 ! public h\s+ ag5cy %all t]m9ate ! t5ancy ( ! family 9 public h\s+ n lat] ?an #f mon?s aft] ! income det]m9ation4 7,b7 ,exception ,a family describ$ 9 subp>agraph 7,a7 may cont9ue to occupy ! dwell+ unit ( public h\s+ on a mon?-to-mon? basis if-- 7i7 ! public h\s+ ag5cy *>ges ! family z mon?ly r5t = ! dwell+ unit an am\nt equal ! applicable fair m>ket r5tal e/abli%$ "u section #h7;c7 = a dwell+ unit 9 ! same m>ket area ( ! same size2 & 7ii7 !re are no eligible families apply+ = h\s+ assi/ance f ! public h\s+ ag5cy = t mon? & ! ag5cy provides n less ?an #cj-;day public notice ( ! availability ( su* assi/ance4 7,c7 ,notice ,9 ! case ( any family resid+ 9 a dwell+ unit ( public h\s+ ^: income = a ye> has exce$$ ! applicable income limitation "u subp>agraph 7,d71 ^u ! conclusion ( t ye> ! public h\s+ ag5cy %all provide writt5 notice to ! family ( ! requirem5ts "u subp>agraph 7,a74 7,d7 ,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] families4 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$+ ! applicable income limitation "u subp>agraph 7,d72 & 7,,ii7 ! numb] ( families1 z ( ! end ( ! ye> = :i* ! report is submitt$ ye>1 on ! wait+ li/s = admission to public h\s+ dwell+ units ( ! ag5cy2 & 7ii7 make ! in=mation report$ pursuant to clause 7i7 publicly available4 4 #c4 ,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[+3 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 #h2 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-- 7i7 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/m5t2 & 7ii7 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 7#g7 ,v]ify+ income 7,a7 ,beg9n+ 9 fiscal ye> #bjah1 ! ,secret>y %all require public h\s+ ag5cies to require ea* applicant =1 or recipi5t (1 b5efits "u ?is ,act to provide au?orization by ! applicant or recipi5t 7or by any o!r p]son ^: income or res\rces are mat]ial to ! det]m9ation ( ! eligibility ( ! applicant or recipi5t = su* b5efits7 = ! public h\s+ ag5cy to obta9 7subject to ! co/ reimbursem5t requirem5ts ( section #aaae7;a7 ( ! ,"r to ,f9ancial ,privacy ,act 7#ab ,u4,s4,c4 #cdae7;a777 f any f9ancial in/itution 7)9 ! mean+ ( section #aaja7a7 ( su* ,act 7#ab ,u4,s4,c4 #cdja7a777 any f9ancial record 7)9 ! mean+ ( section #aaja7b7 ( su* ,act 7#ab ,u4,s4,c4 #cdja7b777 held by ! in/itution ) respect to ! applicant or recipi5t 7or any su* o!r p]son7 :5ev] ! public h\s+ ag5cy det]m9es ! record is ne$$ 9 connection ) a det]m9ation ) respect to su* eligibility or ! am\nt ( su* b5efits4 7,b7 ,not)/&+ section #aajd7;a77#a7 ( ! ,"r to ,f9ancial ,privacy ,act 7#ab ,u4,s4,c4 #cdjd7;a77#a771 an au?orization provid$ by an applicant or recipi5t 7or any o!r p]son ^: income or res\rces are mat]ial to ! det]m9ation ( ! eligibility ( ! applicant or recipi5t7 pursuant to subp>agraph 7,a7 ( ?is p>agraph %all rema9 effective until ! e>lie/ (-- 7i7 ! r5d]+ ( a f9al adv]se decision on ! applicant's application = eligibility = b5efits "u ?is ,act2 7ii7 ! cessation ( ! recipi5t's eligibility = b5efits "u ?is ,act2 or 7iii7 ! express revocation by ! applicant or recipi5t 7or su* o!r p]son ref]r$ to 9 subp>agraph 7,a77 ( ! au?orization1 9 a writt5 notification to ! ,secret>y4 7,c7 7i7 ,an au?orization obta9$ by ! public h\s+ ag5cy pursuant to ?is p>agraph %all be consid]$ to meet ! requirem5ts ( ! ,"r to ,f9ancial ,privacy ,act = purposes ( section #aajc7;a7 ( su* ,act 7#ab ,u4,s4,c4 #cdjc7;a771 & ne$ n be furni%$ to ! f9ancial in/itution1 not)/&+ section #aajd7;a7 ( su* ,act 7#ab ,u4,s4,c4 #cdjd7;a774 7ii7 ,! c]tification requirem5ts ( section #aajc7;b7 ( ! ,"r to ,f9ancial ,privacy ,act 7#ab ,u4,s4,c4 #cdjd7;b77 %all n apply to reque/s by ! public h\s+ ag5cy pursuant to an au?orization provid$ "u ?is clause4 7iii7 ,a reque/ by ! public h\s+ ag5cy pursuant to an au?orization provid$ "u ?is clause is deem$ to meet ! requirem5ts ( section #aajd7;a77#c7 ( ! ,"r to ,f9ancial ,privacy ,act 7#ab ,u4,s4,c4 #cdjd7;a77#c77 & ! flu% language ( section #aajb ( su* ,act 7#ab ,u4,s4,c4 #cdjb74 7iv7 ,! public h\s+ ag5cy %all in=m any p]son :o provides au?orization pursuant to ?is p>agraph ( ! duration & scope ( ! au?orization4 7,d7 ,if an applicant =1 or recipi5t (1 b5efits "u ?is ,act 7or any su* o!r p]son ref]r$ to 9 subp>agraph 7,a77 refuses to provide1 or revokes1 any au?orization made by ! applicant or recipi5t = ! public h\s+ ag5cy to obta9 f any f9ancial in/itution any f9ancial record1 ! public h\s+ ag5cy may1 on t basis1 det]m9e t ! applicant or recipi5t is ineligible = b5efits "u ?is title4 4