,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #edee  ,,in ,,the ,,house ,,of  
,,representatives  ,december #ag1       
#bjai,mrs4 ,carolyn ,b4 ,maloney of ,new
 ,york introduced the following bill2   
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
require sales and leases of assets of   
public housing projects to financially  
benefit the residents of such public    
housing project and the budget of the   
public housing agency that owns such    
public housing project1 and for other   
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,public ,housing    
,residents ,protection ,act of #bjai4   
#b4 ,public housing agency sale or lease
 of ,,pha assets  7a7 ,in general       
,section #i of the ,united ,states      
,housing ,act of #aicg 7#db ,u4,s4,c4   
#adcg;g7 is amended by adding at the end
 the following3  7p7 ,sale or lease of  
assets ,if a public housing agency sells
 or leases any asset 7including roof    
space or parking7 of a public housing   

project owned by such public housing    
agency1 such public housing agency      
shall--  7#a7 ensure that such sale or  
lease financially benefits1 as          
determined by a cost-benefit analysis   
that is conducted using generally       
accepted accounting standards and is    
made publicly available--  7,a7 the     
residents of such public housing        
project2 and  7,b7 the budget of the    
public housing agency2  7#b7 if the     
buyer or lessee of such asset intends to
 derive a product or services from such 
asset1 require the buyer or lessee of   
such asset to first offer such product  
or service derived from such asset to   
the residents of the public housing     
project1 and provide the product or     
services to those residents who accept  
the offer before offering the product or
 service to non-residents2  7#c7 make   
available publicly1 not later than #cj  
days before such sale or lease1         
information sufficient to demonstrate   
compliance with paragraphs 7#a7 and 7#b7

 of this subsection2 and  7#d7 not later
 than #a year after the sale or lease1  
submit to the ,secretary a report that  
describes how the sale or lease complies
 with this subsection4  4  7b7 ,,pha    
annual plan ,section #e;,a7d7 of the    
,united ,states ,housing ,act of #aicg  
7#db ,u4,s4,c4 #adcg;c-#a7;d77 is       
amended-- 7#a7 by redesignating         
paragraph 7#ai7 as paragraph 7#bj72 and 
7#b7 by inserting after paragraph 7#ah7 
the following3  7#ai7 ,sale or lease of 
assets ,with regard to any assets of any
 public housing project owned by the    
public housing agency that the public   
housing agency intends to sell or lease 
in the upcoming year--  7,a7 a          
description of the asset2  7,b7 a       
description of the proposed terms of the
 sale or lease1 if possible2 and  7,c7 a
 description of how the lease or sale   
will comply with section #i7p71         
including how such sale or lease        
financially benefits1 as determined by a
 cost-benefit analysis that is conducted

 using generally accepted accounting    
standards1 the residents of the public  
housing project and the budget of the   
public housing agency4  4  7c7 ,rule of 
construction ,this section and the      
amendments made by this section may not 
be construed to authorize or encourage  
the sale or lease of any public housing 
asset4