,i #aag? ,,congress #a/ ,session ,h4 ,r4 #ahdg ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #aa1 #bjba,ms4 ,om> 7= h]self1 ,mr4 ,l[5?al1 ,ms4 ,lee ( ,cali=nia1 ,mr4 ,b[man1 ,mr4 ,pocan1 ,mr4 ,grijalva1 ,mr4 ,jones1 ,mrs4 ,watson ,coleman1 ,mr4 ,g>ca ( ,ill9ois1 ,ms4 ,pressley1 ,ms4 ,jayapal1 ,mr4 ,?ompson ( ,mississippi1 ,ms4 ,norton1 ,ms4 ,velzquez1 ,ms4 ,tlaib1 ,ms4 ,cl>ke ( ,new ,york1 ,mr4 ,espaillat1 ,ms4 ,wilson ( ,florida1 ,ms4 ,s*ak[sky1 ,mr4 ,mc,govern1 ,mr4 ,gomez1 ,mr4 ,c>son1 ,ms4 ,ocasio-,cortez1 ,mr4 ,nadl]1 & ,ms4 ,bu%7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to susp5d obligations ( resid5tial r5t]s & mortgagors to make paym5ts dur+ ! ,,covid-#ai em]g5cy1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,r5t & ,mortgage ,cancellation ,act ( #bjba4 #b4 ,susp5sion ( obligations to make resid5tial mortgage & r5t paym5ts 7a7 ,r5t paym5ts 7#a7 ,susp5sion ,not)/&+ any o!r provision ( law1 ! obligation ( ea* t5ant h\sehold ( a cov]$ r5tal dwell+ unit to pay r5t = occupancy 9 su* dwell+ unit %all be susp5d$ ) respect to su* occupancy dur+ ! ,,covid-#ai susp5sion p]iod4 7#b7 ,prohibitions 7,a7 ,on f9es ,no t5ant or t5ant h\sehold may be *>g$ a f9e or fee = nonpaym5t ( r5t 9 accordance ) p>agraph 7#a7 & su* nonpaym5t ( r5t %all n be gr\nds = any t]m9ation ( t5ancy or eviction4 7,b7 ,on debt ,no t5ant or t5ant h\sehold may be treat$ z accru+ any debt by reason ( susp5sion ( contribution ( r5t "u p>agraph 7#a74 7,c7 ,on repaym5t ,no t5ant or t5ant h\sehold may be held liable = repaym5t ( any am\nt ( r5t contribution susp5d$ "u p>agraph 7#a74 7,d7 ,on cr$it scores ,! nonpaym5t ( r5t by a t5ant or t5ant h\sehold %all n be report$ to a consum] report+ ag5cy nor %all su* nonpaym5t adv]sely affect a t5ant or memb] ( a t5ant h\sehold's cr$it score4 7b7 ,mortgage paym5ts 7#a7 ,susp5sion ,not)/&+ any o!r provision ( law1 ! obligation ( ea* mortgagor "u a cov]$ resid5tial mortgage loan to make mortgage paym5ts ( pr9cipal & int]e/ t become due dur+ ! ,,covid-#ai susp5sion p]iod is h]eby susp5d$4 7#b7 ,requirem5ts & prohibitions 7,a7 ,on debt ,no mortgagor "u any cov]$ resid5tial mortgage loan may be held responsible = paym5t ( mortgage paym5ts susp5d$ "u p>agraph 7#a7 or treat$ z accru+ any debt by reason ( susp5sion "u su* p>agraph ( ! obligation to make mortgage paym5ts4 7,b7 ,on =eclosure ,a mortgagee "u a cov]$ resid5tial mortgage loan 7or s]vic] = su* mortgagee7 may n comm5ce or cont9ue any judicial =eclosure action or non-judicial =eclosure process or any action = failure to make a paym5t due "u su* mortgage t is susp5d$ pursuant to p>agraph 7#a74 7,c7 ,on fees1 p5alties1 & int]e/ ,no fees1 p5alties1 or additional int]e/ beyond ! am\nts s*$ul$ or calculat$ z if ! mortgagor made all contractual paym5ts on "t & 9 full "u ! t]ms ( ! mortgage contract 9 effect z ( ! comm5cem5t ( ! ,,covid-#ai susp5sion p]iod %all accrue4 7,d7 ,on cr$it scores ,! nonpaym5t ( a mortgage paym5t by a mortgagor pursuant to susp5sion "u p>agraph 7#a7 ( ! obligation to make su* paym5t %all n be report$ to a consum] report+ ag5cy nor %all su* nonpaym5t adv]sely affect a mortgagor's cr$it score4 7c7 ,notice ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all e/abli% & c>ry out a sy/em to notify all t5ants ( cov]$ r5tal dwell+ units1 includ+ t5ants describ$ 9 section #h7a77;,b77ii71 & all mortgagors "u cov]$ resid5tial mortgage loans1 ( ! susp5sions "u p>agraph 7#a7 ( subsections 7a7 & 7b7 ( ! obligations to make r5tal paym5ts or mortgage paym5ts1 respectively1 & ( _! "r to pursue legal action pursuant to section #d4 #c4 ,=giv5ess ( resid5tial r5t & mortgage debt 7a7 ,r5t debt 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 all debt = unpaid resid5tial r5t arre>s = a cov]$ r5tal dwell+ unit t accru$ f ,m>* #ac1 #bjbj1 ?r\gh ,april #a1 #bjbb1 is h]eby =giv54 7#b7 ,preemption ,to ! ext5t t any ,/ate or local law or decision ( any ,/ate or local c\rt or arbitral body conflicts ) p>agraph 7#a71 x is preempt$ & %all h no =ce or effect4 7#c7 ,no effect on cr$it score ,receipt ( =giv5ess ( resid5tial r5t debt pursuant to p>agraph 7#a7 %all n be report$ to any consum] report+ ag5cy nor %all receipt ( su* =giv5ess adv]sely affect ! cr$it score ( any t5ant or memb] ( a t5ant h\sehold4 7b7 ,mortgage debt 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 all debt = unpaid resid5tial mortgage arre>s "u a cov]$ resid5tial mortgage loan t accru$ f ,m>* #ac1 #bjbj1 ?r\gh ,april #a1 #bjbb1 is h]eby =giv54 7#b7 ,r$uction ( balance ,by consequ5ce ( ! =giv5ess requir$ "u p>agraph 7#a71 =giv5 mortgage debt %all be r$uc$ f mortgagors' int]e/ & pr9cipal balances1 z applicable4 7#c7 ,preemption ,to ! ext5t t any ,/ate or local law or decision ( any ,/ate or local c\rt or arbitral bodies conflicts ) p>agraph 7#a71 x is preempt$ & %all h no =ce or effect4 7#d7 ,no effect on cr$it score ,receipt ( =giv5ess ( resid5tial r5t debt pursuant to p>agraph 7#a7 %all n be report$ to any consum] report+ ag5cy nor %all receipt ( su* =giv5ess adv]sely affect ! cr$it score ( a mortgagor4 7c7 ,notice ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all e/abli% & c>ry out a sy/em to notify all t5ants ( cov]$ r5tal dwell+ units1 includ+ t5ants describ$ 9 section #h7a77;,b77ii71 & all mortgagors "u cov]$ resid5tial mortgage loans1 ( ! =giv5ess "u p>agraph 7#a7 ( subsections 7a7 & 7b7 ( debt = unpaid resid5tial r5t & mortgage arre>s1 respectively1 & ( _! "r to pursue legal action pursuant to section #d4 #d4 ,civil action 7a7 ,9 g5]al ,any individual aggriev$ by an adv]se action tak5 by a lessor or mortgagee = ex]cis+ rights "u section #b or #c may comm5ce a civil action "u ?is section aga9/ ! lessor or mortgagee violat+ su* section 9 an appropriate ,unit$ ,/ates di/rict c\rt or ,/ate c\rt n lat] ?an #b ye>s aft] su* violation occurs = damages "u subsection 7b74 7b7 ,damages2 p5alty ,any lessor or mortgagee f\nd to h tak5 adv]se action aga9/ any lessee or mortgagor = ex]cis+ rights "u section #b %all be liable-- 7#a7 to ! individual aggriev$ by su* violation1 = any actual damages z a result ( su* adv]se action2 & 7#b7 = a f9e 9 ! am\nt (-- 7,a7 #e1jjj1 9 ! case ( violation t is ! fir/ violation by su* lessor or mortgagee2 7,b7 #aj1jjj1 9 ! case ( violation t is ! second violation by su* lessor or mortgagee2 & 7,c7 #ej1jjj or =feiture ( ! prop]ty1 9 ! case ( violation t is ! ?ird or subsequ5t violation by su* lessor or mortgagee4 7c7 ,au?ority ( c\rt ,9 an action br\ght "u ?is section1 ! c\rt-- 7#a7 may aw>d prev5tative relief1 includ+ a p]man5t or tempor>y injunction or o!r ord]1 to ensure ! full rights grant$ by subsections 7a7 & 7b7 ( section #b & by subsections 7a7 & 7b7 ( section #c2 & 7#b7 %all aw>d any prevail+ pla9tiff1 o!r ?an ! ,unit$ ,/ates1 reasonable attorney's fee & co/s4 7d7 ,attorney ,g5]al en=cem5t ,! ,attorney ,g5]al may br+ a civil action 9 any appropriate ,unit$ ,/ates di/rict c\rt aga9/ any individual :o violates subsection 7a7 or 7b7 ( section #b = f9es1 or subsection 7a7 or 7b7 ( section #c1 "u subsection 7b77#b7 ( ?is section4 #e4 ,l&lord relief fund 7a7 ,e/abli%m5t ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all e/abli% & manage a ,l&lord ,relief ,fund 79 ?is section ref]r$ to z ! ,fund71 to provide lessors paym5ts "u ?is section to reimburse su* lessors = paym5ts "u cov]$ r5tal dwell+ units susp5d$ or =giv5 pursuant to section #b7;a7 or #c7;a71 respectively4 7b7 ,application ,! ,secret>y %all provide = lessors ( cov]$ r5tal dwell+ units to apply = reimbursem5t paym5ts f ! ,fund1 :i* applications %all include ! c]tifications & b9d+ agreem5ts requir$ pursuant to subsection 7c74 7c7 ,eligibility ,! ,secret>y may provide a paym5t "u ?is section only ) respect to cov]$ r5tal dwell+ units t meet all ( ! foll[+ requirem5ts3 7#a7 ,fair r5tal requirem5ts ,! lessor ( ! cov]$ r5tal dwell+ unit has made su* c]tifications to1 & ent]$ into su* b9d+ agreem5ts )1 ! ,secret>y z ! ,secret>y consid]s necess>y to ensure t dur+ ! #e-ye> p]iod beg9n+ ^u initial receipt by su* lessor ( paym5t "u ?is section = su* dwell+ unit1 su* dwell+ unit %all be subject to ! foll[+ requirem5ts3 7,a7 ,r5t freeze ,! mon?ly r5t = ! dwell+ unit may n be increas$ f ! am\nt ( su* r5t *>g$ z ( ! date ( ! enactm5t ( ?is ,act4 7,b7 ,j-cause evictions ,a t5ant ( ! dwell+ unit may be evict$ only = j cause & only pursuant to advance writt5 notice to ! t5ant ( su* j cause4 7,c7 ,s\rce ( income discrim9ation ,! lessor may n refuse to r5t ! dwell+ unit1 or discrim9ate 9 ! r5t+ ( ! dwell+ unit1 to a h\sehold bas$ on ! s\rce ( income ( su* h\sehold1 includ+ income "u ! program "u section #h7o7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o77 or any simil> t5ant-bas$ r5tal assi/ance program4 7,d7 ,new vacancies ,! lessor %all coord9ate ) ! public & o!r h\s+ au?orities = ! jurisdiction )9 :i* ! dwell+ unit is locat$ to make ! dwell+ unit available1 ^u any vacancy1 to h\seholds assi/$ z describ$ 9 subp>agraph 7,c74 7,e7 ,admissions re/rictions ,! lessor may n re/rict t5ancy ( ! dwell+ unit on ! basis ( sexual id5tity or ori5tation1 g5d] id5tity or expression1 conviction or arre/ record1 cr$it hi/ory1 or immigration /atus4 7,f7 ,arre>ages ,! lessor may n collect an arre>age 9 r5t ow$ by ! t5ant z ( ! expiration ( su* #e-ye> p]iod4 7,g7 ,retaliation ,! lessor may n retaliate 9 any way aga9/ a t5ant ( ! dwell+ unit4 7,h7 ,debt collectors & cr$it report+ ag5cies ,! lessor may n report ! t5ant ( ! dwell+ unit to a debt collector or provide any adv]se in=mation reg>d+ ! t5ant to any cr$it report+ ag5cy4 7#b7 ,requir$ disclosures 7,a7 ,9 g5]al ,! lessor %all disclose1 = any p]son t has an own]%ip int]e/ 9 ! lessor1 includ+ any memb]s1 %>ehold]s1 g5]al p>tn]s1 or limit$ p>tn]s1 if applicable1 ! foll[+ in=mation3 7i7 ,"n4 7ii7 ,address ( place ( resid5ce4 7iii7 ,date ( bir?4 7iv7 ,social ,security ,numb] or ,employ] ,id5tification ,numb]4 7v7 ,size ( _! int]e/ 9 ! lessor4 7vi7 ,type ( entity4 7vii7 ,/ate ( incorporation4 7viii7 ,regi/]$ ag5t4 7ix7 ,address ( any cov]$ r5tal dwell+ units own$ by su* p]son4 7x7 ,occupancy or vacancy /atus ( all cov]$ r5tal dwell+ units own$ by su* p]son4 7xi7 ,curr5t r5ts *>g$ = all cov]$ r5tal dwell+ units own$ by su* p]son4 7xii7 ,total assets & liabilities4 7,b7 ,non-natural p]sons ,= any p]son id5tifi$ 9 ! disclosure requir$ by ?is p>agraph t is n a natural p]son1 ! lessor %all provide ! in=mation requir$ by subp>agraph 7,a7 = t entity & = any p]sons ) own]%ip int]e/s 9 t entity & %all provide t in=mation it]atively = ea* lay] ( own]%ip until all own]%ip int]e/s are trac$ back to natural p]sons or publicly trad$ corporations4 7,c7 ,exemption ,no?+ 9 ?is p>agraph %all require ! disclosure ( ! id5tity (1 or p]sonally-id5tify+ in=mation reg>d+1 %>ehold]s ( publicly trad$ corporations4 7#c7 ,prohibition on duplication ( assi/ance ,assi/ance may n be provid$ "u ?is section ) respect to any dwell+ unit = :i* assi/ance is provid$ pursuant to section #f4 7d7 ,am\nt 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! am\nt ( a paym5t "u ?is section ) respect to a cov]$ r5tal dwell+ unit may n exce$ ! aggregate am\nt ( r5t = ! dwell+ unit susp5d$ or =giv5 pursuant to section #b7;a7 or #c7;a7 & attributable only to days dur+ ! ,,covid-#ai susp5sion p]iod t ! dwell+ unit 0 occupi$ by a t5ant o!rwise requir$ to pay r5t = su* occupancy4 7#b7 ,reimbursem5t = r5t paid by t5ants ,9 mak+ paym5ts "u ?is section ) respect to any cov]$ dwell+ unit = :i* t5ant made a paym5t ( r5t dur+ ! ,,covid-#ai susp5sion p]iod1 ! ,secret>y %all-- 7,a7 r$uce ! am\nt ( ! paym5t to ! lessor "u p>agraph 7#a7 by ! am\nt ( any su* r5t paid2 & 7,b7 make a paym5t to su* t5ant 9 ! am\nt ( any su* r5t paid4 7e7 ,priority ,9 mak+ paym5ts "u ?is section1 ! ,secret>y %all e/abli% a ti]$ sy/em = priority = su* paym5ts bas$ on assets1 rev5ues1 disclosure requirem5ts1 & pr(it /atus ) respect to lessors4 ,su* sy/em %all provide priority = mak+ paym5ts to eligible lessors t are nonpr(it organizations or entities & lessors hav+ ! fewe/ available am\nt ( assets4 7f7 ,recapture ,if a lessor violates any requirem5t ) respect to a cov]$ r5tal dwell+ unit "u any c]tification or agreem5t ent]$ into pursuant to subsection 7c77#b71 ! ,secret>y %all recapture f ! lessor an am\nt equal to ! entire am\nt ( assi/ance provid$ "u ?is section t is attributable to su* dwell+ unit & cov] su* am\nt recaptur$ into ! ,fund4 7g7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ = ! ,l&lord ,relief ,fund e/abli%$ pursuant to ?is section su* sums z may be necess>y to reimburse all lessors = all r5t paym5ts susp5d$ pursuant to section #b7;a7 or =giv5 pursuant to section #c7;a74 #f4 ,l5d] ,relief ,fund 7a7 ,e/abli%m5t ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all e/abli% & manage a ,l5d] ,relief ,fund 79 ?is section ref]r$ to z ! ,fund71 to provide mortgagees paym5ts "u ?is section to reimburse su* mortgagees = mortgage paym5ts susp5d$ pursuant to section #b7;b7 or = resid5tial mortgage debt =giv5 pursuant to section #c7;b74 7b7 ,application ,! ,secret>y %all provide = mortgagees "u cov]$ resid5tial mortgage loans to apply = reimbursem5t paym5ts f ! ,fund1 :i* applications %all include ! c]tifications & b9d+ agreem5ts requir$ pursuant to subsection 7c74 ,! ,secret>y %all provide t an eligible mortgagee may apply = assi/ance f ! ,fund only once ) respect to any cov]$ resid5tial mortgage loan4 7c7 ,eligibility ,! ,secret>y may provide a paym5t "u ?is section only ) respect to cov]$ resid5tial mortgage loans t meet all ( ! foll[+ requirem5ts3 7#a7 ,fair & inclusive l5d+ requirem5ts ,! mortgagee = ! mortgage loan has made su* c]tifications to1 & ent]$ into su* b9d+ agreem5ts )1 ! ,secret>y z ! ,secret>y consid]s necess>y to ensure t dur+ ! #e-ye> p]iod beg9n+ ^u initial receipt by su* mortgagee ( paym5t "u ?is section = su* mortgage loan1 su* mortgagee %all be subject to ! foll[+ requirem5ts3 7,a7 ,report+ on l5d+ ,! mortgagee %all report annually to ! ,secret>y su* detail$ in=mation reg>d+ resid5tial mortgage loans made by su* mortgagee z ! ,secret>y %all require1 includ+ ! race1 e?nicity1 age1 & cr$it score ( mortgagors1 ! zip codes ( prop]ties = :i* mortgages 7 made1 & ! int]e/ rates & o!r loan pric+ features ( su* mortgage loans4 7,b7 ,report+ on l5d] ,! mortgagee %all report annually to ! ,secret>y su* detail$ in=mation reg>d+ ! mortgagee z ! ,secret>y %all require1 includ+ ! location ( ! (fices ( ! mortgagee1 & practices & sy/ems = outrea* to & ref]ral ( borr[]s4 7#b7 ,requir$ disclosures 7,a7 ,9 g5]al ,! mortgagee = ! mortgage loan %all disclose1 = any p]son t has an own]%ip int]e/ 9 ! mortgagee1 includ+ any memb]s1 %>ehold]s1 g5]al p>tn]s1 or limit$ p>tn]s1 if applicable1 ! foll[+ in=mation3 7i7 ,"n4 7ii7 ,address ( place ( resid5ce4 7iii7 ,date ( bir?4 7iv7 ,social ,security ,numb] or ,employ] ,id5tification ,numb]4 7v7 ,size ( _! int]e/ 9 ! mortgagee4 7vi7 ,type ( entity4 7vii7 ,/ate ( incorporation4 7viii7 ,regi/]$ ag5t4 7ix7 ,address ( any cov]$ r5tal dwell+ units own$ by su* p]son4 7x7 ,occupancy or vacancy /atus ( all cov]$ r5tal dwell+ units own$ by su* p]son4 7xi7 ,curr5t r5ts *>g$ = all cov]$ r5tal dwell+ units own$ by su* p]son4 7xii7 ,total assets & liabilities4 7,b7 ,non-natural p]sons ,= any p]son id5tifi$ 9 ! disclosure requir$ by ?is p>agraph t is n a natural p]son1 ! mortgagee %all provide ! in=mation requir$ by subp>agraph 7,a7 = t entity & = any p]sons ) own]%ip int]e/s 9 t entity & %all provide t in=mation it]atively = ea* lay] ( own]%ip until all own]%ip int]e/s are trac$ back to natural p]sons or publicly trad$ corporations4 7,c7 ,exemption ,no?+ 9 ?is p>agraph %all require ! disclosure ( ! id5tity (1 or p]sonally-id5tify+ in=mation reg>d+1 %>ehold]s ( publicly trad$ corporations4 7#c7 ,prohibition on duplication ( assi/ance ,assi/ance may n be provid$ "u ?is section ) respect to any dwell+ unit subject to a cov]$ resid5tial mortgage loan = :i* assi/ance is provid$ pursuant to section #e4 7d7 ,am\nt 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! am\nt ( a paym5t "u ?is section ) respect to a cov]$ resid5tial mortgage may n exce$ ! aggregate am\nt ( mortgage paym5ts "u ! mortgage susp5d$ pursuant to section #b7;b7 or =giv5 pursuant to section #c7;b74 7#b7 ,reimbursem5t = mortgage paym5ts made by mortgagors ,9 mak+ paym5ts "u ?is section ) respect to any cov]$ resid5tial mortgage loan = :i* ! mortgagor made a mortgage paym5t dur+ ! ,,covid-#ai susp5sion p]iod1 ! ,secret>y %all-- 7,a7 r$uce ! am\nt ( ! paym5t to ! mortgagee "u p>agraph 7#a7 by ! am\nt ( any su* mortgage paym5ts paid2 & 7,b7 make a paym5t to ! mortgagor 9 ! am\nt ( any su* mortgages paym5ts paid4 7e7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ = ! ,l5d] ,relief ,fund e/abli%$ pursuant to ?is section su* sums z may be necess>y to reimburse all lessors = all r5t paym5ts susp5d$ pursuant to section #b7;b7 or =giv5 pursuant to section #c7;b74 #g4 ,af=dable ,h\s+ ,acquisition ,fund 7a7 ,e/abli%m5t ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all e/abli% & manage an ,af=dable ,h\s+ ,acquisition ,fund 79 ?is section ref]r$ to z ! ,fund71 to fund ! acquisition ( multifamily h\s+ projects by eligible pur*as]s to-- 7#a7 ensure t t5ants h access to safe & habitable h\s+ conditions reg>dless ( _! l&lords' ability to pay = repairs & ma9t5ance dur+ & aft] ! ,,covid-#ai p&emic2 7#b7 prev5t f9ancial h>d%ip = r5tal prop]ty own]s2 & 7#c7 prev5t a mass exit 9 ! r5tal h\s+ m>ket t results 9 massive corporate pur*ases simil> to ! #bjjh economic crisis4 7b7 ,fir/ "r ( pur*ase 7#a7 ,notice to secret>y ,dur+ ! #e-ye> p]iod beg9n+ ^u ! date ( ! enactm5t ( ?is ,act1 ! own] ( a multifamily h\s+ prop]ty may n sell or transf] own]%ip ( su* prop]ty unless-- 7,a7 ! own] has notifi$ ! ,secret>y1 9 accordance ) su* requirem5ts z ! ,secret>y %all e/abli%1 ( ! own]'s int5t to sell or transf] ! prop]ty2 7,b7 a p]iod ( #fj days1 beg9n+ ^u provision ( su* notice to ! ,secret>y1 has elaps$2 & 7,c7 if dur+ su* #fj-;day p]iod any eligible pur*as] "u p>agraph 7#c7 applies to ! ,secret>y = pur*ase assi/ance "u subsection 7c7 ) respect to su* prop]ty1 ! ,secret>y has approv$ or d5i$ su* application &1 if approv$1 ! eligible pur*as] has made a bona fide (f] to ! own] to pur*ase su* project 9 ! am\nt det]m9$ "u subsection 7c77#c77;,a74 7#b7 ,notice to eligible pur*as]s ,^u provision to ! ,secret>y ( notice "u p>agraph 7#a77;,a7 reg>d+ a multifamily h\s+ project1 ! ,secret>y %all take su* actions z may be necess>y to provide notice to eligible pur*as]s ( ! own]'s int5t to sell or transf] ! prop]ty4 7#c7 ,eligible pur*as]s ,= purposes ( ?is section1 an eligible pur*as] "u ?is p>agraph %all be a nonpr(it organization1 a public h\s+ ag5cy1 a coop]ative h\s+ association1 a community l& tru/1 or a ,/ate or unit ( local gov]nm5t or an ag5cy !re(1 z su* t]ms are def9$ by ! ,secret>y4 7c7 ,pur*ase assi/ance 7#a7 ,application ,! ,secret>y %all provide = eligible pur*as]s to apply = assi/ance f ! ,fund to cov] ! co/ ( acquisition ( a multifamily h\s+ project = :i* notice has be5 submitt$ pursuant to subsection 7#a77;,a74 7#b7 ,crit]ia ,! ,secret>y %all e/abli% su* crit]ia & pref]5ces z ! ,secret>y consid]s appropriate to select an eligible pur*as] = assi/ance "u ?is section 9 cases 9 :i* m ?an "o approvable application = su* assi/ance is submitt$ ) respect to a s+le multifamily h\s+ project4 7#c7 ,am\nt ,pursuant to an application submitt$ "u p>agraph 7#a7 ) respect to a multifamily h\s+ project1 ! ,secret>y may provide assi/ance f ! ,fund on behalf ( eligible pur*as] submitt+ su* application1 9 an am\nt equal to ! pur*ase price = ! project agre$ to "u subp>agraph 7,a7 ( ?is p>agraph1 b only if ! ,secret>y det]m9es t-- 7,a7 su* eligible pur*as] & ! own] ( su* multifamily h\s+ project h volunt>ily agre$ to a sale ( su* project to ! eligible pur*as] = an am\nt n exce$+ ! fair m>ket value ( ! project z ( ! "t ( provision ( assi/ance f ! ,fund = pur*ase ( ! project1 z det]m9$ by ! ,secret>y2 & 7,b7 ! eligible pur*as] has made ! c]tifications & ent]$ into ! agreem5ts requir$ "u subsection 7d7 ) respect to ! project4 7d7 ,af=dable h\s+ re/rictions ,! c]tifications & agreem5ts requir$ "u ?is subsection ) respect to a multifamily h\s+ project are su* c]tifications to1 & b9d+ agreem5ts )1 ! ,secret>y z ! ,secret>y consid]s necess>y to ensure t dur+ ! useful life ( ! project ! project w comply ) ! foll[+ requirem5ts3 7#a7 ,af=dable h\s+ ,! project %all comply ) ! requirem5ts "u section #bae7;a7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgde7;a77 necess>y to qualify "u su* section z af=dable h\s+4 7#b7 ,j-cause evictions ,a t5ant ( ! project may be evict$ only = j cause & only pursuant to advance writt5 notice to ! t5ant ( su* j cause4 7#c7 ,s\rce ( income discrim9ation ,a prospective t5ant h\sehold ( ! project may n be refus$ r5tal ( a dwell+ unit 9 ! project1 & a prospective t5ant h\sehold or t5ant h\sehold may n be discrim9at$ aga9/ 9 ! r5t+ ( a dwell+ unit 9 ! project1 bas$ on ! s\rce ( income ( su* h\sehold1 includ+ income "u ! program "u section #h7o7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o77 or any simil> t5ant-bas$ r5tal assi/ance program4 7#d7 ,admissions re/rictions ,t5ancy ( dwell+ units 9 ! project may n be re/rict$ on ! basis ( sexual id5tity or ori5tation1 g5d] id5tity or expression1 conviction or arre/ record1 cr$it hi/ory1 or immigration /atus4 7#e7 ,supportive s]vices ,resid5ts ( ! project %all be provid$ ) free1 volunt>y supportive s]vices t help address ! ne$s ( ^? exp]i5c+ *ronic homelessness or h\s+ in/ability1 includ+ access to heal?c>e1 employm5t or education assi/ance1 *ildc>e1 f9ancial lit]acy education1 & o!r community-bas$ support s]vices1 z ! ,secret>y %all require4 7#f7 ,democratic control ,t5ants ( ! project %all h control ( liv+ & op]at+ conditions 9 ! project ?r\gh a democratically elect$ resid5t bo>d or c\ncil4 7e7 ,recapture ,if an eligible pur*as] violates any requirem5t ) respect to a multifamily h\s+ project pur*as$ ) assi/ance provid$ f ! ,fund "u any c]tification or agreem5t ent]$ into pursuant to subsection 7d71 ! ,secret>y %all recapture f ! eligible pur*ase an am\nt equal to ! am\nt ( su* assi/ance provid$ & %all cov] su* am\nt recaptur$ into ! ,fund4 7f7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ = ! ,af=dable ,h\s+ ,acquisition ,fund e/abli%$ pursuant to ?is section su* sums z may be necess>y-- 7#a7 = assi/ance "u ?is section to fund acquisition ( multifamily h\s+ projects by eligible pur*as]s2 & 7#b7 = ea* fiscal ye>1 = assi/ance = ! op]ation & ma9t5ance ( eligible prop]ties pur*as$ ) assi/ance provid$ f ! ,fund4 #h4 ,def9itions ,= purposes ( ?is ,act1 ! foll[+ def9itions %all apply3 7#a7 ,cov]$ r5tal dwell+ unit ,! t]m cov]$ r5tal dwell+ unit means a dwell+ t is occupi$ by a t5ant-- 7,a7 z a prim>y resid5ce2 & 7,b7 7i7 pursuant to a resid5tial lease2 or 7ii7 )\t a lease or ) a lease t]m9able at w "u ,/ate law4 ,su* t]m includes su* a dwell+ unit 9 multifamily h\s+1 s+le-family h\s+1 a condom9ium unit1 a unit 9 coop]ative h\s+1 a dwell+ unit t is occupi$ pursuant to a sublease1 a s+le-room occupancy unit1 & a manufactur$ h\s+ dwell+ unit & ! lot on :i* x is locat$4 7#b7 ,cov]$ resid5tial mortgage loan ,! t]m cov]$ resid5tial mortgage loan means any consum] cr$it transaction t is secur$ by a mortgage1 de$ ( tru/1 or o!r equival5t cons5sual security int]e/ on resid5ce consi/+ ( a s+le dwell+ unit t is occupi$ by ! mortgagor z a prim>y resid5ce4 7#c7 ,,covid-#ai susp5sion p]iod ,! t]m ,,covid-#ai susp5sion p]iod means ! p]iod beg9n+ on ,m>* #a1 #bjbj1 & end+ on ,april #a1 #bjbb4 7#d7 ,multifamily h\s+ project ,! t]m multifamily h\s+ project means a resid5tial /ructure consi/+ ( #e or m dwell+ units4 7#e7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 #i4 ,regulations ,! ,secret>y may issue any regulations necess>y to c>ry out ?is ,act4