,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #dhjh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #bc1 #bjai,mr4
 ,clyburn introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means1 & 9 addition to ! ,committees on
 ,f9ancial ,s]vices1 & ,transportation &
 ,infra/ructure1 = 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 &  
,surface ,transportation ,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 
( #bjai4  #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$]al ,regulations  
7or any successor !reto7 a /rategy to   
support new inclusive zon+ policies1    
programs1 or regulatory initiatives t   
create a m af=dable1 ela/ic1 & div]se   
h\s+ supply & !reby increase economic   
gr[? & access to jobs & h\s+2 &  7,b7   
implem5t ! /rategy describ$ 9           
subp>agraph 7,a7 & demon/rate cont9u\s  
progress 9 advanc+ ! goals describ$ 9   
section 7#b77;,a71 & include su*        
implem5tation & progress 9 ! annual     
p]=mance report submitt$ "u section     
#ia4ebj ( title #bd1 ,code ( ,f$]al     
,regulations 7or any successor !reto74  
7#b7 ,inclusions ,! /rategy "u p>agraph 
7#a7 %all-- 7,a7 demon/rate--  7i7      
trans=mative activities 9 communities   
t-- 7,i7 r$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   
bonuses1 def9$ z increases 9 p]mitt$    
d5sity ( a h\s+ developm5t condition$ ^u
 ! inclusion ( af=dable h\s+ 9 su*      
developm5t2  7,,iv7 /reaml9+ or %ort5+  
p]mitt+ processes & timel9es2  7,v7     
remov+ height limitations2  7,,vi7      
e/abli%+ by-"r developm5t1 def9$ z !    
elim9ation ( discretion>y review        
processes :5 zon+ /&>ds are met2        
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 & unless alt]nate policies  
w\ld result 9 m rapid progress t[>d &   
a*ievem5t ( ! goals describ$ 9 p>agraph 
7#b77;,a7--  7i7 be designat$ z af=dable
 = ! useful life ( ! units2  7ii7 a     
proportion ( ! new h\s+ /ock 9 !        
community t equals or exce$s ! p]c5tage 
( ! population ( ! community requir+ su*
 units 9 ord] to n be an eligible       
individual "u section #cf;,a ( !        
,int]nal ,rev5ue ,code ( #aihf 7z add$  
by section #d ( ! ,h\s+1 ,opportunity1  
,mobility1 & ,equity ,act ( #bjai72 &   
7iii7 be accessible to ! population s]v$
 by ! program e/abli%$ "u ?is title2 &  
7,d7 :]e applicable1 specify h[ !       
/rategy w increase af=dable h\s+ options
 = individuals liv+ 9 rural areas1      
p]si/5t pov]ty c\nties 7def9$ z any     
c\nty ) a pov]ty rate ( at lea/ #bj     

p]c5t1 z det]m9$ 9 ea* ( ! #aiij & #bjjj
 dec5nial c5suses1 & 9 ! ,bureau ( !    
,c5sus's ,small ,area ,income & ,pov]ty 
,e/imates = ! mo/ rec5t ye> = :i* !     
e/imates are available71 & high-pov]ty  
areas 7def9$ z any c5sus tract ) a      
pov]ty rate ( at lea/ #bj p]c5t z       
measur$ by ! #e-ye> data s]ies available
 f ! ,am]ican ,community ,survey ( !    
,c5sus ,bureau = #bjac to #bjag74  4    
#c4 ,requirem5t = surface transportation
 block grant program ,section #acc (    
title #bc1 ,unit$ ,/ates ,code1 is      
am5d$-- 7#a7 by r$esignat+ subsection   
7i7 z subsection 7j72 &  7#b7 by ins]t+ 
aft] subsection 7h7 ! foll[+3  7i7      
,implem5tation ( ,af=dable ,h\s+        
,/rategy ,a project "u ?is section may n
 be c>ri$ out unless ! community 9 :i* !
 project is locat$ has implem5t$ a      
/rategy to increase af=dable h\s+ /ock z
 describ$ 9 subsection 7n7 ( section    
#ajd ( ! ,h\s+ & ,community ,developm5t 
,act ( #aigd 7#db ,u4,s4,c4 #ecjd74  4  
#d4 ,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 ! small area 
fair m>ket r5t 7or1 if ! small area fair
 m>ket r5t is n available1 ! fair m>ket 
r5t71 includ+ ! utility all[ance1       
publi%$ by ! ,dep>tm5t ( ,h\s+ & ,urban 
,developm5t = purposes ( ! h\s+ *oice   
v\*] program "u section #h7o7 ( ! ,unit$
 ,/ates ,h\s+ ,act ( #aich--  7i7 9 !   
case ( a h\sehold compris$ ( "o         
individual1 = an effici5cy1 &  7ii7 9 ! 
case ( a h\sehold compris$ ( m ?an "o   
individual1 = a resid5ce 9 :i* ! numb] (
 b$rooms w\ld n require--  7,i7 m ?an   
two memb]s ( ! h\sehold to %>e a b$room1
  7,,ii7 *ildr5 ( diff]5t g5d]s to %>e a

 b$room ) "o ano!r1 or  7,,iii7 a       
h\sehold memb] ) a disability requir+   
m$ical equipm5t to %>e a b$room1 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 ,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  7d7 ,coord9ation 
) c]ta9 means-,te/$ programs ,rules     
simil> to ! rules ( section #cb7l7 %all 
apply to refunds made by reason ( ?is   
section4  7e7 ,reconciliation ( ,cr$it &
 ,advance ,paym5ts ,! am\nt ( ! cr$it   
all[$ "u ?is section = any taxable ye>  
%all be r$uc$ 7b n bel[ z]o7 by !       
aggregate am\nt ( any advance paym5ts ( 
su* cr$it "u section #gebg;,a = su*     
taxable ye>4  4  7b7 ,advance ,paym5t ( 

,r5tal ,co/s ,tax ,cr$it  7#a7 ,9 g5]al 
,*apt] #gg ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ by ins]t+ aft] section   
#gebg ! foll[+ new section3  #gebg;,a4  
,advance paym5t ( r5tal co/s tax cr$it  
7a7 ,9 g5]al ,n lat] ?an #f mon?s aft] !
 date ( ! enactm5t ( ! ,h\s+1           
,opportunity1 ,mobility1 & ,equity ,act 
( #bjai1 ! ,secret>y %all e/abli% a     
program = mak+ advance paym5ts ( ! cr$it
 all[$ "u section #cf;,a on a mon?ly    
basis 7det]m9$ )\t reg>d to subsection  
7e7 ( su* section7 to any taxpay] :o--  
7#a7 ! ,secret>y has det]m9$1 9 ! mann] 
provid$ 9 subsection 7c71 w be all[$ su*
 cr$it = ! taxable ye>1 &  7#b7 has made
 an election "u subsection 7d74  7b7    
,am\nt ( ,advance ,paym5t  7#a7 ,9 g5]al
 ,= purposes ( subsection 7a71 ! am\nt (
 ! mon?ly advance paym5t ( ! cr$it      
provid$ to a taxpay] dur+ ! applicable  
p]iod %all be equal to ! less] (--  7,a7
 an am\nt equal to-- 7i7 ! am\nt ( !    
cr$it :i* ! ,secret>y has e/imat$1 9 !  
mann] provid$ 9 subsection 7c71 w be    

all[$ to su* taxpay] "u section #cf;,a =
 ! taxable ye> end+ 9 su* applicable    
p]iod1 divid$ by  7ii7 #ab1 or  7,b7 su*
 o!r am\nt z is elect$ by ! taxpay]4    
7#b7 ,applicable p]iod ,= purposes ( ?is
 section1 ! t]m applicable p]iod means !
 #ab-mon? p]iod f ! mon? ( ,july ( !    
taxable ye> ?r\gh ! mon? ( ,june ( !    
subsequ5t taxable ye>4  7c7 ,mann] (    
,det]m9+ ,eligibility ,! ,secret>y %all 
det]m9e eligibility = ! cr$it "u section
 #cf;,a1 & ! e/imat$ am\nt ( su* cr$it1 
bas$ on ! taxpay]'s adju/$ gross income 
= ! prec$+ taxable ye>1 ! mean fair     
m>ket r5tal am\nt ) respect to !        
individual = su* prec$+ ye>1 & ! r5t    
paid dur+ su* prec$+ ye> by ! individual
 7&1 if m>ri$1 ! individual's sp\se7 = !
 pr9cipal resid5ce ( ! individual4 ,any 
t]ms us$ 9 ?is subsection :i* are also  
us$ 9 section #cf;,a %all h ! same mean+
 z :5 us$ 9 su* section4  7d7 ,election 
( ,advance ,paym5t ,a taxpay] may elect 
to receive an advance paym5t ( ! cr$it  
all[$ "u section #cf;,a = any taxable   

ye> by includ+ su* election on a timely 
fil$ return = ! prec$+ taxable ye>4  7e7
 ,int]nal ,rev5ue ,s]vice ,notification 
,! ,int]nal ,rev5ue ,s]vice %all take   
su* /eps z may be appropriate to ensure 
t taxpay]s :o are eligible to receive ! 
cr$it "u section #cf;,a are aw>e ( !    
availability ( ! advance paym5t ( su*   
cr$it "u ?is section4  7f7 ,au?ority ,! 
,secret>y may prescribe su* regulations 
or o!r guidance z may be appropriate or 
necess>y = ! purposes ( c>ry+ out ?is   
section4  4  7c7 ,cl]ical am5dm5ts  7#a7
 ,! table ( sections = subp>t ,c ( "p   
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] ! item relat+ to section 
#cf ! foll[+ new item3  ,sec4 #cf;,a4   
,r5t co/s ( eligible individuals4  4    
7#b7 ,! table ( sections = *apt] #gg (  
su* ,code is am5d$ by ins]t+ aft] ! item
 relat+ to section #gebg ! foll[+ new   
item3  ,sec4 #gebg;,a4 ,advance paym5t (
 r5tal co/s tax cr$it4  4  7d7 ,con=m+  
am5dm5t ,section #fbaa7;b77#d77;,a7 ( ! 

,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ 1 #cf;,a aft] #cf4  7e7       
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4  7f7 ,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 7a77
 & ! advance paym5t ( su* cr$it "u      
section #gebg;,a ( su* ,code 7z add$ by 
subsection 7b771 includ+ on :e!r        
taxpay]s are fraudul5tly claim+ su*     
cr$it or advance paym5ts4  #e4 ,refund  
to ,ra9y ,day ,sav+s ,program  7a7 ,9   
g5]al ,n lat] ?an ,decemb] #ca1 #bjah1 !
 ,secret>y ( ! ,treasury or !           
,secret>y's delegate 7ref]r$ 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