,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #gjga  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,octob] #af1 #bjah,mr4
 ,panetta introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,to re=m ! programs
 ( ! ,secret>y ( ,agriculture = h\s+ =  
rural f>mwork]s1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,f>mwork] ,h\s+ ,improvem5t ,act (      
#bjah4  #b4 ,re=ms to f>mwork] h\s+     
programs ,section #ead ( ! ,h\s+ ,act ( 
#aidi 7#db ,u4,s4,c4 #adhd7 is am5d$ by 
add+ at ! end ! foll[+ new subsections3 
7j7 ,coord9ation ) l[-,income h\s+ tax  
cr$it  7#a7 ,consultation ,! ,secret>y  
%all consult ) ! ,commission] ( !       
,int]nal ,rev5ue ,s]vice & take su*     
actions z are appropriate 9 conjunction 
) su* consultation to simplify !        
coord9ation ( rules1 regulations1 =ms1 &
 approval requirem5ts = multifamily h\s+
 projects = :i* assi/ance is provid$ by 
! ,secret>y 9 conjunction ) any         
l[-income h\s+ tax cr$its "u section #db

 ( ! ,int]nal ,rev5ue ,code ( #aihf or  
tax-exempt h\s+ bonds4  7#b7            
,recomm5dations ,9 implem5t+ ! *anges   
requir$ "u ?is subsection1 ! ,secret>y  
%all solicit recomm5dations reg>d+ su*  
*anges f project own]s & sponsors1      
inve/ors & /akehold]s 9 h\s+ tax cr$its1
 ,/ate & local h\s+ f9ance ag5cies1     
public h\s+ ag5cies1 t5ant advocates1 & 
o!r /akehold]s 9 su* projects4  7#c7    
,report ,n lat] ?an ! expiration ( !    
#i-mon? p]iod beg9n+ on ! date ( !      
enactm5t ( ?is subsection1 ! ,secret>y  
%all submit a report to ! ,committee on 
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate t--  7,a7 id5tifies ! actions    
tak5 by ! ,secret>y to comply ) ?is     
subsection2  7,b7 includes in=mation    
reg>d+ any result+ improvem5ts 9 !      
exp$it$ approval = multifamily h\s+     
projects2  7,c7 id5tifies recomm5dations
 made pursuant to p>agraph 7#b72 &  7,d7
 makes recomm5dations = any legislative 

*anges t are ne$$ to facilitate prompt  
approval ( assi/ance = su* projects4    
7k7 ,fund+ caps ,^u ! enactm5t ( ?is    
subsection1 ! ,secret>y %all increase ! 
maximum am\nt ( a loan or grant t may be
 made "u ?is section or section #eaf to 
#c1jjj1jjj & may n e/abli% a maximum    
fund+ am\nt t is l[] ?an su* am\nt4  7l7
 ,notice ( fund+ availability ,any      
notice ( fund+ availability relat+ to   
assi/ance "u ?is section or section #eaf
 %all provide = a p]iod = application = 
su* fund+ hav+ a duration n %ort] ?an   
#fj days4  7m7 ,annual s*$ule ( aw>ds ( 
assi/ance ,! ,secret>y %all e/abli% &   
implem5t an annual s*$ule = notice (    
fund+1 submission ( applications1 &     
aw>ds ( fund+ = assi/ance "u ?is section
 & section #eaf4  7n7 ,publication (    
self-,scor+ assessm5ts ,! ,secret>y %all
 make publicly available on a website ( 
! ,dep>tm5t1 ) respect to assi/ance "u  
?is section & section #eaf--  7#a7 !    
self-scor+ =m & assessm5t = su*         
assi/ance ( ! applicant2  7#b7 a summ>y 

( ! applications = su* assi/ance & su*  
loans made & grants aw>d$2 &  7#c7 a    
description ( ! compliance proc$ures1   
me*anisms1 & activities us$ by !        
,dep>tm5t to monitor compliance &       
p]=mance ( su* borr[]s & grantees4  7o7 
,eligibility = assi/ance ,! ,secret>y   
%all provide t any p]son n ineligible = 
f9ancial assi/ance by reason ( section  
#bad ( ! ,h\s+ & ,community ,developm5t 
,act ( #aihj 7#db ,u4,s4,c4 #adcf;a7 may
 n be d5i$ occupancy 9 h\s+ assi/$ "u   
?is title or = h\s+ assi/ance "u ?is    
title by reason ( su* p]son's citiz5%ip 
or ali5 /atus4  4  #c4 ,consi/5cy betwe5
 programs ,section #eaf ( ! ,h\s+ ,act (
 #aidi 7#db ,u4,s4,c4 #adhf7 is am5d$-- 
7#a7 9 subsection 7a71 9 ! matt] prec$+ 
p>agraph 7#a71 by ins]t+ or any limit$  
p>tn]%ip 9 :i* ! g5]al p>tn] is a       
nonpr(it entity1 aft] or any ,indian    
tribe12 &  7#b7 9 subsection            
7k77#g77;,a71 by /rik+ any & ins]t+     
limit$ p>tn]%ip 9 :i* ! g5]al p>tn] is a
 nonpr(it entity1 or4