,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #gjej  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,octob] #i1 #bjah,mr4 
,clyburn introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways &       
,means1 & 9 addition to ! ,committee on 
,f9ancial ,s]vices1 = a p]iod to be     
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to require         
,community ,developm5t ,block ,grant    
recipi5ts to develop a /rategy to       
support inclusive zon+ policies1 to all[
 = a cr$it to support h\s+ af=dability1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,h\s+1             
,opportunity1 ,mobility1 & ,equity ,act 
( #bjah4  #b4 ,requirem5t = ,,cdbg      
grantees ,section #ajd ( ! ,h\s+ &      
,community ,developm5t ,act ( #aigd 7#db
 ,u4,s4,c4 #ecjd7 is am5d$ by add+ at ! 
end ! foll[+3  7n7 ,/rategy ,to increase
 ! af=dable h\s+ /ock  7#a7 ,9 g5]al    
,ea* grantee receiv+ assi/ance "u ?is   

title %all-- 7,a7 include 9 !           
consolidat$ plan requir$ "u "p #ia (    
title #bd1 ,code ( ,f$]al ,regulations  
7or any successor !reto7 a /rategy to   
support new inclusive zon+ policies1    
programs1 or regulatory initiatives t   
create a m af=dable1 ela/ic1 & div]se   
h\s+ supply & !reby increase economic   
gr[? & access to jobs & h\s+2 &  7,b7   
include 9 ! annual p]=mance report      
submitt$ "u section #ia4ebj ( title #bd1
 ,code ( ,f$]al ,regulations 7or any    
successor !reto7 ! progress &           
implem5tation ( ! /rategy describ$ 9    
subp>agraph 7,a74  7#b7 ,inclusions ,!  
/rategy "u p>agraph 7#a7 %all-- 7,a7    
demon/rate--  7i7 trans=mative          
activities 9 communities t-- 7,i7 r$uce 
b>ri]s to h\s+ developm5t1 includ+      
af=dable h\s+2 &  7,,ii7 increase h\s+  
supply af=dability & ela/icity2 &  7ii7 
/rong connections betwe5 h\s+1          
transportation1 & work=ce plann+2  7,b7 
include1 z appropriate1 policies relat+ 
to inclusive l& use1 su* z-- 7i7 = !    

purpose ( add+ af=dable units1 increas+ 
bo? ! p]c5tage & absolute numb] (       
af=dable units--  7,i7 au?oriz+         
high-d5sity & multifamily zon+2  7,,ii7 
elim9at+ (f-/reet p>k+ requirem5ts2     
7,,iii7 e/abli%+ d5sity bonuses2  7,,iv7
 /reaml9+ or %ort5+ p]mitt+ processes & 
timel9es2  7,v7 remov+ height           
limitations2  7,,vi7 e/abli%+ by-"r     
developm5t2  7,,vii7 us+ prop]ty tax    
abatem5ts2 &  7,,viii7 relax+ lot size  
re/rictions2  7ii7 prohibit+ s\rce (    
income discrim9ation2  7iii7 tax+ vacant
 l& or donat+ vacant l& to nonpr(it     
develop]s2  7iv7 all[+ accessory dwell+ 
units2  7v7 e/abli%+ developm5t tax or  
value capture inc5tives2 &  7vi7        
prohibit+ l&lords f ask+ prospective    
t5ants = _! crim9al hi/ory2 &  7,c7     
provide t af=dable h\s+ units %\ld1 to !
 maximum ext5t practicable--  7i7 be    
designat$ z af=dable = n less ?an #cj   
ye>s2  7ii7 comprise n less ?an #bj     
p]c5t ( ! new h\s+ /ock 9 ! community2 &
  7iii7 be accessible to ! population   

s]v$ by ! program e/abli%$ "u ?is title4
  4  #c4 ,refundable cr$it = r5t co/s ( 
eligible individuals  7a7 ,9 g5]al      
,subp>t ,c ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] section   
#cf ! foll[+ new section3  #cf;,a4 ,r5t 
co/s ( eligible individuals  7a7 ,9     
g5]al ,9 ! case ( an eligible           
individual1 !re %all be all[$ z a cr$it 
aga9/ ! tax impos$ by ?is subtitle = !  
taxable ye> an am\nt equal to ! excess  
(--  7#a7 ! less] (-- 7,a7 ! mean fair  
m>ket r5tal am\nt ) respect to !        
individual1 or  7,b7 ! r5t paid dur+ !  
taxable ye> by ! individual 7&1 if      
m>ri$1 ! individual's sp\se7 = !        
pr9cipal resid5ce ( ! individual1 ov]   
7#b7 an am\nt equal to #cj p]c5t ( !    
adju/$ gross income ( ! taxpay] = !     
taxable ye>4  7b7 ,eligible individual  
,= purposes ( ?is section--  7#a7 ,9    
g5]al ,! t]m eligible individual means  
any individual if ! r5t paid dur+ !     
taxable ye> by ! individual 7&1 if      

m>ri$1 ! individual's sp\se7 = !        
pr9cipal resid5ce ( ! individual exce$s 
#cj p]c5t ( ! adju/$ gross income ( !   
taxpay] = ! taxable ye>4  7#b7          
,exceptions ,su* t]m %all n include any 
individual if-- 7,a7 ! individual does n
 include on ! return ( tax = ! taxable  
ye> su* individual's taxpay]            
id5tification numb] &1 if m>ri$1 !      
taxpay] id5tification numb] ( su*       
individual's sp\se1 or  7,b7 a d$uction 
"u section #aea ) respect to su*        
individual is all[able to ano!r taxpay] 
= ! taxable ye>4  7#c7 ,m>ri$           
individuals ,su* t]m %all include an    
individual :o is m>ri$ only if a jo9t   
return is fil$ = ! taxable ye>4  7#d7   
,special rules  7,a7 ,pr9cipal resid5ce 
,! t]m pr9cipal resid5ce has ! same     
mean+ z :5 us$ 9 section #aba4  7,b7    
,m>ri$ ,m>ital /atus %all be det]m9$ "u 
section #ggjc4  7c7 ,mean fair m>ket    
r5tal am\nt ,= purposes ( ?is section1 )
 respect to an individual1 ! mean fair  
m>ket r5tal am\nt = a taxable ye> is !  

fair m>ket r5t 7includ+ ! utility       
all[ance7 publi%$ by ! ,dep>tm5t ( ,h\s+
 & ,urban ,developm5t = purposes ( !    
,h\s+ ,*oice ,v\*] ,program1 "u ! rule  
publi%$ 9 ! ,f$]al ,regi/] on ,novemb]  
#af1 #bjaf 7#ha ,f$4 ,reg4 #hjefg71 = ! 
same area & a comp>able r5tal unit z !  
individual's pr9cipal resid5ce4  7d7    
,r5t ,= purposes ( ?is section1 r5t paid
 includes any am\nt paid = utilities ( a
 type tak5 into acc\nt = purposes (     
det]m9+ ! utility all[ance "u section   
#db7;g77#b77;,b77ii74  4  7b7 ,cl]ical  
am5dm5t ,! table ( sections = subp>t ,c 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] ! item relat+ to section 
#cf ! foll[+ new item3  ,sec4 #cf;,a4   
,r5t co/s ( eligible individuals4  4    
7c7 ,con=m+ am5dm5t ,section            
#fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by ins]t+ 1      
#cf;,a aft] #cf4  7d7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to taxable ye>s beg9n+ aft] ! date ( ! 

enactm5t ( ?is ,act4  7e7 ,report ,n    
lat] ?an #b ye>s aft] ! date ( !        
enactm5t ( ?is ,act1 ! ,secret>y ( !    
,treasury %all submit to ,congress a    
report on ! cr$it all[$ "u section      
#cf;,a ( ! ,int]nal ,rev5ue ,code (     
#aihf 7z add$ by subsection 7a771       
includ+ on :e!r taxpay]s are fraudul5tly
 claim+ su* cr$it4  #d4 ,refund to ,ra9y
 ,day ,sav+s ,program  7a7 ,9 g5]al ,n  
lat] ?an ,decemb] #ca1 #bjah1 !         
,secret>y ( ! ,treasury or ! ,secret>y's
 delegate 7ref]r$ to 9 ?is section z !  
,secret>y7 %all e/abli% & implem5t a    
program 7ref]r$ to 9 ?is section z !    
,refund to ,ra9y ,day ,sav+s ,program7  
to all[ a p>ticipat+ taxpay]1 pursuant  
to ! requirem5ts e/abli%$ "u ?is        
section1 to def] paym5t on #bj p]c5t ( !
 am\nt :i* w\ld o!rwise be refund$ to   
su* taxpay] z an ov]paym5t 7z describ$ 9
 section #fdja ( ! ,int]nal ,rev5ue     
,code ( #aihf74  7b7 ,p]iod ( def]ral   
,except z provid$ "u subsection 7c77#e71
 a p>ticipat+ taxpay] may elect to def] 

paym5t ( ! am\nt describ$ 9 subsection  
7a7 & h su* am\nt deposit$ 9 ! ,ra9y    
,day ,fund 7z describ$ 9 subsection     
7c774  7c7 ,ra9y ,day ,fund  7#a7 ,9    
g5]al ,! ,secret>y %all e/abli% a fund1 
9 su* mann] z ! ,secret>y det]m9es to be
 appropriate1 to be kn[n z ! ,ra9y ,day 
,fund1 consi/+ ( any am\nts describ$ 9  
subsection 7a7 on :i* paym5t has be5    
def]r$ by p>ticipat+ taxpay]s4  7#b7    
,inve/m5t ,any am\nts deposit$ 9 ! ,ra9y
 ,day ,fund %all be inve/$ by !         
,secret>y1 9 coord9ation ) ! ,bureau ( !
 ,fiscal ,s]vice ( ! ,dep>tm5t ( !      
,treasury1 9 ,unit$ ,/ates ,treasury    
bills issu$ "u *apt] #ca ( title #ca1   
,unit$ ,/ates ,code1 ) maturities       
suitable = ! ne$s ( ! ,fund & select$ s 
z to provide ! highe/ return on inve/m5t
 = p>ticipat+ taxpay]s4  7#c7           
,disbursem5ts f fund  7,a7 ,9 g5]al ,on 
! date t is #ahj days aft] receipt ( !  
individual income tax return ( a        
p>ticipat+ taxpay]1 ! am\nts 9 ! ,ra9y  
,day ,fund %all be made available to !  

,secret>y to di/ribute to su* taxpay] 9 
an am\nt equal to ! am\nt def]r$ by su* 
taxpay] "u subsection 7a7 & any int]e/  
accru$ on su* am\nt 7z det]m9$ "u       
p>agraph 7#d774  7,b7 ,di/ribut$ to bank
 acc\nt ,! am\nts describ$ 9 subp>agraph
 7,a7 %all be di/ribut$ to ! bank acc\nt
 id5tifi$ by ! p>ticipat+ taxpay] "u    
subsection 7d77#c74  7#d7 ,int]e/ accru$
 ,! am\nt ( int]e/ accru$ on ! am\nt    
def]r$ by a p>ticipat+ taxpay] "u       
subsection 7a7 %all be det]m9$ by !     
,secret>y1 9 coord9ation ) ! ,bureau ( !
 ,fiscal ,s]vice ( ! ,dep>tm5t ( !      
,treasury1 bas$ ^u ! return on !        
inve/m5t ( su* am\nts "u p>agraph 7#b74 
7#e7 ,e>ly )drawal  7,a7 ,9 g5]al ,on   
any date dur+ ! p]iod betwe5 ! date :i* 
is #cj days aft] receipt by ! ,secret>y 
( ! individual income tax return ( !    
p>ticipat+ taxpay] & ,octob] #ae ( !    
applicable ye>1 su* taxpay] may elect to
 t]m9ate ! def]ral ( ! am\nt describ$ "u
 subsection 7a7 & receive a di/ribution 
f ! ,ra9y ,day ,fund equal to su* am\nt 

& any int]e/ :i* has accru$ on su* am\nt
 up to t date4  7,b7 ,complete )drawal  
,a p>ticipat+ taxpay] mak+ an election  
"u subp>agraph 7,a7 mu/ t]m9ate def]ral 
( ! full am\nt describ$ "u subsection   
7a71 & su* am\nt %all be di/ribut$ to ! 
bank acc\nt id5tifi$ by ! p>ticipat+    
taxpay] "u subsection 7d77#c74  7d7     
,p>ticipat+ taxpay] ,= purposes ( ?is   
section1 ! t]m p>ticipat+ taxpay] means 
a taxpay] :o-- 7#a7 has n reque/$ or    
receiv$ an ext5sion ( ! "t = paym5t (   
taxes = su* taxable ye> "u section #fafa
 ( ! ,int]nal ,rev5ue ,code ( #aihf2    
7#b7 prior to ! due date = fil+ ! return
 ( tax = su* taxable ye>1 elects to     
p>ticipate 9 ! ,refund to ,ra9y ,day    
,sav+s ,program2 &  7#c7 provides !     
,secret>y ) a bank acc\nt numb] & any   
o!r f9ancial in=mation deem$ necess>y by
 ! ,secret>y = purposes ( p>agraphs     
7#c77;,b7 & 7#e77;,b7 ( subsection 7c74 
7e7 ,=ms ,! ,secret>y %all ensure t !   
election to def] paym5t ( ! am\nt       
describ$ 9 subsection 7a7 may be claim$ 

on ,=ms #ajdj1 #ajdj;,a1 & #ajdj;,,ez4  
7f7 ,implem5tation  7#a7 ,educational   
mat]ials & outrea* ,! ,secret>y %all--  
7,a7 design educational mat]ials =      
taxpay]s reg>d+ f9ancial sav+s & !      
,refund to ,ra9y ,day ,sav+s ,program2  
7,b7 publicly dissem9ate & di/ribute su*
 mat]ials dur+ ! fir/ cal5d> qu>t] ( ea*
 cal5d> ye> & foll[+ disbursem5t (      
am\nts describ$ 9 subsection 7c77#c72 & 
7,c7 engage 9 outrea* reg>d+ ! ,refund  
to ,ra9y ,day ,sav+s ,program to !      
,volunte] ,income ,tax ,assi/ance       
program & paid tax prep>]s4  7#b7       
,in=mation = p>ticipat+ taxpay]s ,!     
,secret>y %all ensure t a p>ticipat+    
taxpay] is able to electronically v]ify 
! /atus ( ! am\nt def]r$ by su* taxpay] 
"u subsection 7a71 includ+ any int]e/   
accru$ on su* am\nt & ! /atus ( any     
di/ribution4  7#c7 ,f$]ally fund$       
b5efits ,any am\nts describ$ 9          
subsection 7a7 :i* are di/ribut$ to a   
p>ticipat+ taxpay]1 includ+ any int]e/  
accru$ on su* am\nt1 %all be treat$ 9 ! 

same mann] z any refund made to su*     
taxpay] "u section #cb ( ! ,int]nal     
,rev5ue ,code ( #aihf = purposes (      
det]m9+ ! eligibility ( su* taxpay] =   
b5efits or assi/ance1 or ! am\nt or     
ext5t ( b5efits or assi/ance1 "u any    
,f$]al program or "u any ,/ate or local 
program f9anc$ 9 :ole or 9 "p ) ,f$]al  
funds4