,i #aafth ,,congress #b;d ,session ,h4 ,r4 #fcfh ,,in ,,the ,,house ,,of ,,representatives ,march #bc1 #bjbj,mr4 ,david ,scott of ,georgia introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to establish a ,housing ,assistance ,fund4 #a4 ,short title ,this ,act may be cited as the ,state ,housing ,relief ,act of #bjbj4 #b4 ,housing ,assistance ,fund 7a7 ,definitions ,in this section3 7#a7 ,secretary ,the term ,secretary means the ,secretary of the ,treasury4 7#b7 ,state ,the term ,state means any ,state of the ,united ,states1 the ,district of ,columbia1 any territory of the ,united ,states1 ,puerto ,rico1 ,guam1 ,american ,samoa1 the ,virgin ,islands1 and the ,northern ,mariana ,islands4 7b7 ,establishment of fund ,there is established at the ,department of the ,treasury a ,housing ,assistance ,fund to provide such funds as are allocated in subsection 7f7 to ,state housing finance agencies for the purpose of preventing homeowner mortgage defaults1 foreclosures1 and displacements of individuals and families experiencing financial hardship after ,january #ba1 #bjbj4 7c7 ,allocation of funds 7#a7 ,in general ,the ,secretary of the ,treasury shall establish such criteria as are necessary to allocate the funds available within the ,housing ,assistance ,fund to each ,state4 ,the ,secretary shall allocate such funds among all ,states taking into consideration the number of unemployment claims within a ,state relative to the nationwide number of unemployment claims4 7#b7 ,small state minimum ,each ,state shall receive no less than #abe1jjj1jjj for the purposes established in subsection 7b74 7d7 ,disbursement of funds 7#a7 ,initial disbursement ,the ,secretary shall disburse to the ,state housing finance agencies not less than of the amount made available pursuant to this section1 and in accordance with the allocations established under subsection 7c71 not later than #abj days after the date of enactment of this ,act4 ,the ,secretary or designee shall enter into a contract with each ,state housing finance agency1 which may be amended from time to time1 establishing the terms of the use of such funds prior to the disbursement of such funds4 7#b7 ,second disbursement ,the ,secretary shall disburse all funds made available pursuant to this section1 and in accordance with the allocations established under subsection 7c71 not later than #ahj days after the date of enactment of this ,act4 7e7 ,permissible uses of fund 7#a7 ,in general ,funds made available to ,state housing finance agencies pursuant to this section may be used for the purposes established under subsection 7b71 which may include-- 7,a7 mortgage payment assistance2 7,b7 financial assistance to allow a borrower to reinstate their mortgage following a period of forbearance2 7,c7 principal reduction2 7,d7 utility payment assistance1 including electric1 gas1 and water payment assistance2 7,e7 any program established under the ,housing ,finance ,agency ,innovation ,fund for the ,hardest ,hit ,housing ,markets2 7,f7 reimbursement of funds expended by a ,state or local government during the period beginning on ,january #ba1 #bjbj1 and ending on the date that the first funds are disbursed by the ,state under the ,housing ,assistance ,fund1 for the purpose of providing housing or utility assistance to individuals or otherwise providing funds to prevent foreclosure or eviction of a homeowner or prevent mortgage delinquency or loss of housing or critical utilities as a response to the coronavirus disease #bjai 7,,covid-#ai7 pandemic2 and 7,g7 any other assistance to prevent eviction1 mortgage delinquency or default1 foreclosure1 or the loss of essential utility services4 7#b7 ,administrative expenses ,not greater than #aj percent of the amount allocated to a ,state pursuant to subsection 7c7 may be used by a ,state housing financing agency for administrative expenses4 ,any amounts allocated to administrative expenses that are no longer necessary for administrative expenses may be used in accordance with paragraph 7#a74 7f7 ,appropriation ,there is appropriated1 out of amounts in the ,treasury not otherwise appropriated1 for the fiscal year ending ,september #cj1 #bjbj1 to remain available until expended or transferred or credited under subsection 7h71 #ce1jjj1jjj1jjj to the ,housing ,assistance ,fund established under subsection 7b74 7g7 ,use of housing finance agency innovation fund for the hardest hit housing markets funds ,a ,state housing finance agency may reallocate any administrative or programmatic funds it has received as an allocation from the ,housing ,finance ,agency ,innovation ,fund for the ,hardest ,hit ,housing ,markets created pursuant to section #aja7;a7 of the ,emergency ,economic ,stabilization ,act of #bjjh 7#ab ,u4,s4,c4 #ebaa7;a77 that have not been otherwise allocated or disbursed as of the date of enactment of this ,act to supplement any administrative or programmatic funds received from the ,housing ,assistance ,fund4 ,such reallocated funds shall not be considered when allocating resources from the ,housing ,assistance ,fund using the process established under subsection 7c7 and shall remain available for the uses permitted and under the terms and conditions established by the contract with ,secretary created pursuant to subsection 7d77#a7 and the terms of subsection 7h74 7h7 ,rescission of funds ,any funds that have not been allocated by a ,state housing finance agency to provide assistance as described under subsection 7e7 by ,december #ca1 #bjcj1 shall be reallocated by the ,secretary in the following manner3 7#a7 ,sixty-five percent shall be transferred or credited to the ,housing ,trust ,fund established under section #acch of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #defh74 7#b7 ,thirty-five percent shall be transferred or credited to the ,capital ,magnet ,fund under section #acci of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #defi74 7i7 ,reporting requirements ,the ,secretary shall provide public reports not less frequently than quarterly regarding the use of funds provided by the ,housing ,assistance ,funds4 ,such reports shall include the following data by ,state and by program within each ,state1 both for the past quarter and throughout the life of the program-- 7#a7 the amount of funds allocated2 7#b7 the amount of funds disbursed2 7#c7 the number of households and individuals assisted2 7#d7 the acceptance rate of applicants2 7#e7 the average amount of assistance provided per household receiving assistance2 7#f7 the average length of assistance provided per household receiving assistance2 7#g7 the income ranges of households for each household receiving assistance2 and 7#h7 the outcome #ab months after the household has received assistance4