,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hhbd  ,,in ,,the ,,house ,,of  
,,representatives  ,november #bg1       
#bjbj,ms4 ,velzquez introduced the      
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to require the continuation 
of the ,,fha affordable rental housing  
financing partnership with the ,federal 
,financing ,bank1 and for other         
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,federal ,financing 
,bank ,risk-,sharing ,act of #bjbj4  #b4
 ,continuation of ,,fha-,,ffb affordable
 rental housing financing partnership   
7a7 ,requirement ,the ,secretary of     
,housing and ,urban ,development and the
 ,secretary of the ,treasury shall      
continue to carry out the ,,fha         
affordable rental housing financing     
partnership with the ,federal ,financing
 ,bank1 under which such ,bank provides 
financing for loans insured under the   
,,fha ,multifamily ,risk-,sharing       
,program under section #edb of the      

,housing and ,community ,development    
,act of #aiib 7#ab ,u4,s4,c4            
#agaez-#bb71 and may enter into such new
 commitments under such program during  
each fiscal year1 subject to the overall
 limitations provided in this ,act on   
new commitments to guarantee loans      
insured under the ,general and ,special 
,risk ,insurance ,funds1 as authorized  
by sections #bch and #eai of the        
,national ,housing ,act 7#ab ,u4,s4,c4  
#agaez-#c and #agce;c74  7b7 ,rural     
populations ,in complying with          
subsection 7a71 the ,secretary of       
,housing and ,urban ,development shall  
make any changes to the ,risk-,sharing  
,program that the ,secretary determines 
are necessary or appropriate to enhance 
the scope and effectiveness of the      
,program for rural populations4  7c7    
,community development financial        
institutions ,pursuant to section       
#edb7;b7 of ,housing and ,community     
,development ,act of #aiib 7#ab         
,u4,s4,c4 #agaez-#bb71 the ,secretary of

 ,housing and ,urban ,development shall 
enter into risk-sharing agreements with 
community development financial         
institutions1 as such term is defined in
 section #ajc of the ,riegle ,community 
,development and ,regulatory            
,improvement ,act of #aiid 7#ab         
,u4,s4,c4 #dgjb74  7d7 ,affordable      
housing ,section #edb of the ,housing   
and ,community ,development ,act of     
#aiib 7#ab ,u4,s4,c4 #agaez-#bb7 is     
amended-- 7#a7 in subsection 7b71 by    
striking paragraph 7#i7 and inserting   
the following new paragraph3  7#i7      
,affordable housing ,multifamily housing
 securing loans insured or reinsured    
under this subsection shall qualify as  
affordable only if the housing bears    
rents not greater than the gross rent   
for rent-restricted residential units as
 determined under section #db7;g7 of the
 ,internal ,revenue ,code of #aihf 7#bf 
,u4,s4,c4 #db7;g774  2 and  7#b7 in     
subsection 7c71 by striking paragraph   
7#g7 and inserting the following new    

paragraph3  7#g7 ,affordable housing    
,multifamily housing securing loans     
insured or reinsured under this         
subsection shall qualify as affordable  
only if the housing bears rents not     
greater than the gross rent for         
rent-restricted residential units as    
determined under section #db7;g7 of the 
,internal ,revenue ,code of #aihf 7#bf  
,u4,s4,c4 #db7;g774  4