,i #aagth ,,congress #ast ,session ,h4 ,r4 #ddig ,,in ,,the ,,house ,,of ,,representatives ,july #af1 #bjba,ms4 ,waters 7for herself1 ,mrs4 ,carolyn ,b4 ,maloney of ,new ,york1 ,ms4 ,velzquez1 ,mr4 ,green of ,texas1 ,mr4 ,cleaver1 ,mrs4 ,beatty1 ,mr4 ,lawson of ,florida1 ,ms4 ,pressley1 ,mr4 ,torres of ,new ,york1 ,ms4 ,tlaib1 ,ms4 ,ocasio-,cortez1 ,mr4 ,garca of ,illinois1 ,ms4 ,garcia of ,texas1 ,ms4 ,williams of ,georgia1 ,mr4 ,auchincloss1 ,ms4 ,schakowsky1 ,mr4 ,lieu1 ,ms4 ,lee of ,california1 ,ms4 ,blunt ,rochester1 ,mr4 ,sires1 ,ms4 ,clarke of ,new ,york1 ,mr4 ,evans1 ,mr4 ,espaillat1 ,ms4 ,moore of ,wisconsin1 ,mr4 ,blumenauer1 ,ms4 ,ross1 ,mr4 ,bowman1 ,ms4 ,norton1 ,ms4 ,snchez1 and ,mr4 ,vicente ,gonzalez of ,texas7 introduced the following bill2 which was referred to the ,committee on ,financial ,services1 and in addition to the ,committees on ,transportation and ,infrastructure1 ,education and ,labor1 ,energy and ,commerce1 the ,judiciary1 and the ,budget1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to facilitate the development of affordable housing1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,housing is ,infrastructure ,act of #bjba4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,title ,i--,support for public housing,sec4 #aja4 ,public ,housing ,capital ,fund4,title ,,ii--,support for creation and preservation of affordable housing,sec4 #bja4 ,housing ,trust ,fund4,sec4 #bjb4 ,,home ,investment ,partnerships program4,sec4 #bjc4 ,supportive housing for persons with disabilities4,sec4 #bjd4 ,supportive housing for the elderly4,sec4 #bje4 ,capital ,magnet ,fund4,sec4 #bjf4 ,multifamily housing greening and preservation4,sec4 #bjg4 ,preservation grants for properties receiving section #h project-based rental assistance4,sec4 #bjh4 ,rental assistance4,sec4 #bji4 ,rural multifamily housing preservation and revitalization demonstration program4,sec4 #baj4 ,rural single-family housing repair grants4,sec4 #baa4 ,native ,american housing block grants4,title ,,iii--,community development and affordability,sec4 #cja4 ,community development block grant funding for affordable housing and infrastructure4,sec4 #cjb4 ,grants for zoning and land use improvements4,sec4 #cjc4 ,restoring communities left behind4,sec4 #cjd4 ,affordable housing and community development technical assistance and capacity-building to expand economic inclusion and prevent involuntary residential displacement4,sec4 #cje4 ,lead hazard reduction and healthy homes initiative4,sec4 #cjf4 ,community revitalization fund4,sec4 #cjg4 ,strengthening resilience under ,national ,flood ,insurance ,program4,sec4 #cjh4 ,cap on annual ,national ,flood ,insurance ,program4,sec4 #cji4 ,manufacturing facility4,title ,,iv--,national ,investment ,authority ,system,sec4 #dja4 ,short title4,sec4 #djb4 ,definitions4,subtitle ,a--,national ,investment ,authority,sec4 #daa4 ,establishment4,sec4 #dab4 ,functions4,sec4 #dac4 ,funding4,sec4 #dad4 ,,nia ,governing ,board4,sec4 #dae4 ,project eligibility and selection4,sec4 #daf4 ,public accountability4,subtitle ,b--,,nia ,regional ,offices,sec4 #dba4 ,establishment4,sec4 #dbb4 ,organization and structure4,sec4 #dbc4 ,functions4,subtitle ,c--,national ,infrastructure ,bank,sec4 #dca4 ,establishment4,sec4 #dcb4 ,functions4,sec4 #dcc4 ,,nib ,governance4,sec4 #dcd4 ,project eligibility and selection4,title ,v--,homeownership investments,sec4 #eja4 ,first-generation downpayment assistance4,sec4 #ejb4 ,,fha-insured small dollar mortgage demonstration program4,title ,,vi--,equity and ,,hud capacity-building,sec4 #fja4 ,fair housing enforcement4,sec4 #fjb4 ,fair and equitable housing development requirements4,sec4 #fjc4 ,inclusion of minority and women's business enterprises4,sec4 #fjd4 ,promoting housing accessibility and visitability4,sec4 #fje4 ,reports on outcomes4,sec4 #fjf4 ,,hud salaries and expenses4 ,i ,support for public housing #aja4 ,public ,housing ,capital ,fund 7a7 ,authorization of appropriations ,there is authorized to be appropriated for the ,capital ,fund under section #i7;d7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;g7d77 #ge1jjj1jjj1jjj and any amounts appropriated pursuant to this subsection shall remain available until the expiration of the #g-year period beginning upon the date of such appropriation4 7b7 ,requirements ,the ,secretary of ,housing and ,urban ,development 7in this title referred to as the ,secretary7 shall-- 7#a7 distribute not less than #ej percent of any amounts appropriated pursuant to subsection 7a7 under the same formula used for amounts made available for the ,capital ,fund for fiscal year #bjbj2 and 7#b7 make available all remaining amounts by competition for priority investments1 which shall not exclude public housing agencies working in good faith to resolve urgent health and safety concerns based on written notification of violations from the ,department of ,environmental ,protection1 ,department of ,justice1 or ,department of ,housing and ,urban ,development4 7c7 ,timing ,the ,secretary shall obligate amounts-- 7#a7 made available under subsection 7b77#a7 within #cj days of enactment of the ,act appropriating such funds2 and 7#b7 made available under subsection 7b77#b7 within #ab months of enactment of the ,act appropriating such funds4 7d7 ,limitation ,amounts provided pursuant to this section may not be used for operating costs or rental assistance4 7e7 ,use of amounts ,not more than #j4e percent of any amount appropriated pursuant to this section shall be used by the ,secretary for costs associated with staff1 training1 technical assistance1 technology1 monitoring1 travel1 enforcement1 research1 and evaluation4 7f7 ,supplementation of funds ,the ,secretary shall ensure that amounts provided pursuant to this section shall serve to supplement and not supplant other amounts generated by a recipient of such amounts or amounts provided by other ,federal1 ,state1 or local sources4 7g7 ,climate and natural disaster resilience and water and energy efficiency ,in distributing any amounts pursuant to subsection 7b71 the ,secretary shall give priority to public housing agencies located in ,states and localities that have a plan to increase climate and natural disaster resilience and water and energy efficiency when developing or rehabilitating public housing using any amounts distributed4 7h7 ,repeal of ,faircloth ,amendment ,section #i7;g7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;g7g77 is amended by striking paragraph 7#c7 7relating to limitation on new construction74 ,,ii ,support for creation and preservation of affordable housing #bja4 ,housing ,trust ,fund 7a7 ,authorization of appropriations ,there is authorized to be appropriated for the ,housing ,trust ,fund under section #acch of the ,housing and ,urban ,development ,act of #aiib 7#ab ,u4,s4,c4 #defh7 #de1jjj1jjj1jjj and any amounts made available pursuant to this subsection shall remain available until expended4 7b7 ,priority for occupancy ,the ,secretary shall ensure that priority for occupancy in dwelling units assisted with amounts made available pursuant to this section that become available for occupancy shall be given to persons and households who are homeless 7as such term is defined in section #ajc of the ,mc,kinney-,vento ,homeless ,assistance ,act 7#db ,u4,s4,c4 #aacjb77 or at risk of homelessness 7as such term is defined in section #dja of such ,act 7#db ,u4,s4,c4 #aacfj774 7c7 ,grants for areas of high and persistent poverty ,of any amounts made available pursuant to this section1 not less than #aj percent shall be available without regard to any requirement regarding minimum grant amount and only for eligible uses within or directly benefitting-- 7#a7 any county that has consistently had #bj percent or more of the population living in poverty during the #cj-year period preceding the date of enactment of this ,act1 as measured by the #aiij and #bjjj decennial census and the most recent annual ,small ,area ,income and ,poverty ,estimates as estimated by the ,bureau of the ,census2 7#b7 any census tract having a poverty rate of at least #bj percent as measured by the #bjad-bjah #e-year data series available from the ,american ,community ,survey of the ,census ,bureau2 or 7#c7 any territory or possession of the ,united ,states4 7d7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 7e7 ,applicability of ,davis-,bacon ,act 7#a7 ,in general ,all laborers and mechanics employed by contractors and subcontractors in the performance of construction work financed in whole or in part with amounts made available pursuant to this section shall be paid wages at rates not less than those prevailing on similar construction in the locality as determined by the ,secretary of ,labor in accordance with subchapter ,,iv of chapter #ca of title #dj1 ,united ,states ,code4 ,the preceding sentence shall apply to the rehabilitation of residential property only if such property contains not less than #ab units4 ,the ,secretary of ,labor shall have1 with respect to such labor standards1 the authority and functions set forth in ,reorganization ,plan ,numbered #ad of #aiej 7#ae ,fed4 ,reg4 #cagf2 #fd ,stat4 #abfg7 and section #b of the ,act of ,june #ac1 #aicd1 as amended 7#dh ,stat4 #idh2 #dj ,u4,s4,c4 #bgf7;c774 7#b7 ,exception ,paragraph 7#a7 shall not apply to any individual who-- 7,a7 performs services for which the individual volunteered2 7,b7 does not receive compensation for such services or is paid expenses1 reasonable benefits1 or a nominal fee for such services2 and 7,c7 is not otherwise employed at any time in the construction work4 #bjb4 ,,home ,investment ,partnerships program 7a7 ,authorization of appropriations ,there is authorized to be appropriated for carrying out the ,,home ,investment ,partnerships program under title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgba et seq47 #ce1jjj1jjj1jjj and any amounts made available pursuant to this section shall remain available until expended4 7b7 ,grants for areas of high and persistent poverty ,of any amounts made available pursuant to this section1 not less than #aj percent shall be available without regard to any requirement regarding minimum grant amount and only for eligible uses within or directly benefitting-- 7#a7 any county that has consistently had #bj percent or more of the population living in poverty during the #cj-year period preceding the date of enactment of this ,act1 as measured by the #aiij and #bjjj decennial census and the most recent annual ,small ,area ,income and ,poverty ,estimates as estimated by the ,bureau of the ,census2 7#b7 any census tract having a poverty rate of at least #bj percent as measured by the #bjad-bjah #e-year data series available from the ,american ,community ,survey of the ,census ,bureau2 or 7#c7 any territory or possession of the ,united ,states4 7c7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 #bjc4 ,supportive housing for persons with disabilities 7a7 ,authorization of appropriations ,there is authorized to be appropriated #b1ejj1jjj1jjj for project rental assistance under the program for supportive housing for persons with disabilities under section #haa7;b77#c7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #hjac7;b77#c77 for ,state housing finance agencies and any amounts appropriated pursuant to this section shall remain available until expended4 7b7 ,use of amounts ,amounts made available pursuant to this section may be used for costs necessary to provide residents of such housing with access to broadband high-speed internet service4 7c7 ,grants for areas of high and persistent poverty ,of any amounts made available pursuant to this section1 not less than #aj percent shall be available without regard to any requirement regarding minimum grant amount and only for eligible uses within or directly benefitting-- 7#a7 any county that has consistently had #bj percent or more of the population living in poverty during the #cj-year period preceding the date of enactment of this ,act1 as measured by the #aiij and #bjjj decennial census and the most recent annual ,small ,area ,income and ,poverty ,estimates as estimated by the ,bureau of the ,census2 7#b7 any census tract having a poverty rate of at least #bj percent as measured by the #bjad-bjah #e-year data series available from the ,american ,community ,survey of the ,census ,bureau2 or 7#c7 any territory or possession of the ,united ,states4 7d7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 #bjd4 ,supportive housing for the elderly 7a7 ,authorization of appropriations ,there is authorized to be appropriated #g1ejj1jjj1jjj1 to remain available until ,september #cj1 #bjbc1 for-- 7#a7 capital advances pursuant to section #bjb7;c77#a7 of the ,housing ,act of #aiei 7#ab ,u4,s4,c4 #agjaq7c77#a771 including amendments to capital advance contracts for housing for the elderly as authorized by section #bjb of such ,act2 7#b7 project rental assistance for the elderly under section #bjb7;c77#b7 of such ,act1 including amendments to contracts for such assistance and renewal of expiring contracts for such assistance for up to a #a-year term2 7#c7 senior preservation rental assistance contracts1 including renewals1 as authorized by section #haa7;e7 of the ,american ,housing and ,economic ,opportunity ,act of #bjjj 7#ab ,u4,s4,c4 #agja;g note72 7#d7 supportive services associated with housing assisted under paragraph 7#a71 7#b71 or 7#c72 and 7#e7 costs necessary to provide residents of housing assisted under paragraph 7#a71 7#b71 or 7#c7 with access to broadband high-speed internet service4 7b7 ,grants for areas of high and persistent poverty ,of any amounts made available pursuant to this section1 not less than #aj percent shall be available without regard to any requirement regarding minimum grant amount and only for eligible uses within or directly benefitting-- 7#a7 any county that has consistently had #bj percent or more of the population living in poverty during the #cj-year period preceding the date of enactment of this ,act1 as measured by the #aiij and #bjjj decennial census and the most recent annual ,small ,area ,income and ,poverty ,estimates as estimated by the ,bureau of the ,census2 7#b7 any census tract having a poverty rate of at least #bj percent as measured by the #bjad-bjah #e-year data series available from the ,american ,community ,survey of the ,census ,bureau2 or 7#c7 any territory or possession of the ,united ,states4 7c7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 #bje4 ,capital ,magnet ,fund 7a7 ,authorization of appropriations ,there is authorized to be appropriated for the ,capital ,magnet ,fund under section #acci of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #defi7 #ab1jjj1jjj1jjj and any amounts made available pursuant to this subsection shall remain available until expended4 7b7 ,grants for areas of high and persistent poverty ,of any amounts made available pursuant to this section1 not less than #aj percent shall be available without regard to any requirement regarding minimum grant amount and only for eligible uses within or directly benefitting-- 7#a7 any county that has consistently had #bj percent or more of the population living in poverty during the #cj-year period preceding the date of enactment of this ,act1 as measured by the #aiij and #bjjj decennial census and the most recent annual ,small ,area ,income and ,poverty ,estimates as estimated by the ,bureau of the ,census2 7#b7 any census tract having a poverty rate of at least #bj percent as measured by the #bjad-bjah #e-year data series available from the ,american ,community ,survey of the ,census ,bureau2 or 7#c7 any territory or possession of the ,united ,states4 7c7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 7d7 ,applicability of ,davis-,bacon ,act 7#a7 ,in general ,all laborers and mechanics employed by contractors and subcontractors in the performance of construction work financed in whole or in part with amounts made available pursuant to this section shall be paid wages at rates not less than those prevailing on similar construction in the locality as determined by the ,secretary of ,labor in accordance with subchapter ,,iv of chapter #ca of title #dj1 ,united ,states ,code4 ,the preceding sentence shall apply to the rehabilitation of residential property only if such property contains not less than #ab units4 ,the ,secretary of ,labor shall have1 with respect to such labor standards1 the authority and functions set forth in ,reorganization ,plan ,numbered #ad of #aiej 7#ae ,fed4 ,reg4 #cagf2 #fd ,stat4 #abfg7 and section #b of the ,act of ,june #ac1 #aicd1 as amended 7#dh ,stat4 #idh2 #dj ,u4,s4,c4 #bgf7;c774 7#b7 ,exception ,paragraph 7#a7 shall not apply to any individual who-- 7,a7 performs services for which the individual volunteered2 7,b7 does not receive compensation for such services or is paid expenses1 reasonable benefits1 or a nominal fee for such services2 and 7,c7 is not otherwise employed at any time in the construction work4 #bjf4 ,multifamily housing greening and preservation ,there is authorized to be appropriated to the ,secretary of ,housing and ,urban ,development to develop a grant program for owners of federally assisted housing or naturally occurring affordable housing for energy efficiency upgrades1 health and safety measures1 electrification of systems and appliances1 installation of renewable energy types1 and resiliency1 #ge1jjj1jjj1jjj1 to remain available until expended4 #bjg4 ,preservation grants for properties receiving section #h project-based rental assistance 7a7 ,authorization of appropriations ,there is authorized to be appropriated for assistance to owners of properties receiving project-based subsidy contracts under section #h of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f71 #e1jjj1jjj1jjj1 to remain available until expended4 7b7 ,use of amounts ,amounts provided pursuant to this section shall be used for competitive grants for capital improvements to such properties1 including grants for activities that mitigate threats to the health and safety of residents1 reduce lead based paint hazards1 reduce other housing related hazards1 including carbon monoxide1 radon1 or mold1 improve water and energy efficiency1 or reduce the risk of harm to occupants or property from natural hazards4 7c7 ,grants for areas of high and persistent poverty ,of any amounts made available pursuant to this section1 not less than #aj percent shall be available without regard to any requirement regarding minimum grant amount and only for eligible uses within or directly benefitting-- 7#a7 any county that has consistently had #bj percent or more of the population living in poverty during the #cj-year period preceding the date of enactment of this ,act1 as measured by the #aiij and #bjjj decennial census and the most recent annual ,small ,area ,income and ,poverty ,estimates as estimated by the ,bureau of the ,census2 7#b7 any census tract having a poverty rate of at least #bj percent as measured by the #bjad-bjah #e-year data series available from the ,american ,community ,survey of the ,census ,bureau2 or 7#c7 any territory or possession of the ,united ,states4 7d7 ,wage rate requirements ,projects funded with grants provided under this section shall comply with the requirements of subchapter ,,iv of chapter #ca of title #dj1 ,united ,states ,code4 7e7 ,policies2 procedures2 contracts ,grants under this section shall-- 7#a7 be provided through the policies1 procedures1 contracts1 and transactional infrastructure of the authorized programs administered by the ,department of ,housing and ,urban ,development1 on such terms and conditions as the ,secretary of ,housing and ,urban ,development deems appropriate to ensure the maintenance and preservation of the property1 the continued operation and maintenance of energy efficiency technologies1 and the timely expenditure of funds2 and 7#b7 include a financial assessment and physical inspection of such property4 7f7 ,eligible owners ,to be eligible for a grant under this section1 the owner of the property shall have at least a satisfactory management review rating1 be in substantial compliance with applicable performance standards and legal requirements1 and commit to an additional period of affordability determined by the ,secretary1 but of not fewer than #ae years4 7g7 ,waivers and alternative requirements ,in administering funds made available pursuant to this section1 the ,secretary may waive or specify alternative requirements for any provision of any statute or regulation in connection with the obligation by the ,secretary or the use of such funds 7except for requirements related to fair housing1 nondiscrimination1 labor standards1 and the environment71 upon a finding that such a waiver is necessary to expedite or facilitate the use of such funds4 7h7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 7i7 ,transfer authority ,of the amounts made available pursuant to this section1 the ,secretary may transfer up to #j4e percent to the account for ,department of ,housing and ,urban ,development1 ,program ,offices--,office of ,housing for necessary costs of administering and overseeing the obligation and expenditure of amounts made available pursuant to this section and such transferred amounts shall remain available until ,september #cj1 #bjbh4 #bjh4 ,rental assistance ,there is authorized to be appropriated to the ,secretary of ,housing and ,urban ,development-- 7#a7 #aej1jjj1jjj1jjj for incremental housing choice voucher assistance under section #h7o7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f71 for administrative fees in connection with such vouchers1 and for renewal of vouchers funded pursuant to this paragraph2 and 7#b7 #ej1jjj1jjj1jjj for new project-based rental assistance contracts under section #h of such ,act4 ,any amounts made available pursuant to this section shall remain available until expended4 #bji4 ,rural multifamily housing preservation and revitalization demonstration program 7a7 ,authorization of appropriations ,there is authorized to be appropriated for carrying out the ,multifamily ,preservation and ,revitalization ,demonstration program of the ,rural ,housing ,service 7as authorized under sections #ead1 #eae1 and #eaf of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adhd1 #adhe1 and #adhf77 #e1jjj1jjj1jjj and any amounts appropriated pursuant to this section shall remain available until expended4 7b7 ,eligible uses ,any amounts made available pursuant to this section may be used under such sections #ead1 #eae1 and #eaf to finance the development and construction of new affordable housing4 7c7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 #baj4 ,rural single-family housing repair grants 7a7 ,authorization of appropriations ,there is authorized to be appropriated for carrying out single family housing repair grants under section #ejd of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adgd7 #ejj1jjj1jjj1 except that eligibility for such grants shall not be subject to the age limitation set forth in section #ceej4ajc7;b7 of title #g1 ,code of ,federal ,regulations1 as of the date of enactment of this ,act1 and any amounts appropriated pursuant to this section shall remain available until expended4 7b7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 #baa4 ,native ,american housing block grants 7a7 ,authorization of appropriations ,there is authorized to be appropriated for carrying out the ,native ,american housing block grant program under title ,i of the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #daaa et seq47 #b1jjj1jjj1jjj1 of which #ej1jjj1jjj shall be available only for the ,native ,hawaiian ,housing ,block ,grant program1 as authorized under title ,,viii of the ,native ,american ,housing ,assistance and ,self- ,determination ,act of #aiif 7#be ,u4,s4,c4 #dbba et seq474 ,any amounts made available pursuant to this section shall remain available until expended4 7b7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 7c7 ,compliance with treaty obligations ,the ,secretary shall withhold all or partial funds to a tribe or tribal entity under this section if1 after consultation with the ,secretary of the ,interior and the tribe1 the ,secretary determines prior to disbursement that the tribe is not in compliance with obligations under its #ahff treaty with the ,united ,states as it relates to the inclusion of persons who are lineal descendants of ,freedmen as having the rights of the citizens of such tribes1 unless a ,federal court has issued a final order that determines the treaty obligations with respect to including ,freedmen as citizens4 ,for purposes of this subsection1 a court order is not considered final if time remains for an appeal or application for discretionary review with respect to the order4 ,,iii ,community development and affordability #cja4 ,community development block grant funding for affordable housing and infrastructure 7a7 ,authorization of appropriations ,subject to the provisions of this section1 there is authorized to be appropriated #b1bej1jjj1jjj for assistance under the community development block grant program under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq471 of which-- 7#a7 #b1jjj1jjj1jjj shall be for assistance under such program only for colonias1 as such term is defined in section #iaf7;e7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #ecjf note71 to address the community and housing infrastructure needs of existing colonia residents and to offset displacement of such residents2 and 7#b7 #bej1jjj1jjj shall be for grants under subsection 7b7 of this section for manufactured housing infrastructure improvements4 ,any amounts appropriated pursuant to this section shall remain available until expended4 7b7 ,manufactured housing infrastructure improvement grant program 7#a7 ,establishment ,the ,secretary of ,housing and ,urban ,development shall carry out a program under this subsection to make grants to assist in carrying out infrastructure improvements for manufactured housing communities4 7#b7 ,eligible projects ,amounts from grants under this subsection may be used only to assist in carrying out a project for replacement1 upgrade1 or improvement of infrastructure serving a manufactured housing community that-- 7,a7 is critically needed1 in accordance with such standards as the ,secretary shall establish1 to protect the health and safety of the residents of the manufactured housing community and the long-term sustainability of the community2 7,b7 can be commenced expeditiously upon receipt of funding with a grant under this subsection1 in accordance with such standards as the ,secretary shall establish2 and 7,c7 is a project-- 7i7 for water source or distribution systems1 including connecting to public water systems1 new wells1 pump stations or storage facilities1 septic or sewer wastewater systems1 electric1 including meter panels and utility poles within the community1 roadways or driveways within the community1 on- or off-site stormwater drainage or flood controls1 tree-trimming and removal as necessary to install new systems or protect homes and facilities1 emergency storm shelters which can serve a dual purpose as community centers1 energy efficiency projects including solar1 wind and street light conversions1 or other eligible activities as the ,secretary defines2 7ii7 to upgrade or install sidewalks2 7iii7 to remove abandoned and blighted homes from the property1 except that not more than #aj percent of any grant made under this section may be used for activities under this subparagraph unless the ,secretary determines that such use is to replace units in an effort to increase affordable housing or homeownership2 7iv7 to improve home-siting1 including installing ,,hud-approved foundations for new and pre-owned ,,hud-code homes2 or 7v7 to mitigate flood risk4 7#c7 ,eligible manufactured home communities ,amounts from grants under this subsection may be used only for projects meeting the requirements under paragraph 7#b7 that will be carried out with respect to a manufactured housing community that-- 7,a7 meets the affordable housing safe harbor requirements of the ,internal ,revenue ,service under section #fja4bja of title #bf1 ,code of ,federal ,regulations2 and 7,b7 7i7 is owned by the residents of the manufactured housing community through a resident-controlled entity in which at least two-thirds of residents are member-owners of the land owning entity2 or 7ii7 the ,secretary otherwise determines is subject to such binding agreements as are necessary to ensure that the manufactured housing community will be maintained as such a community1 and affordable for low-income families 7as such term is defined in section #c7;b7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;a7b7771 on a long-term basis4 7#d7 ,criteria ,the ,secretary shall award grants under this subsection based on a competition using criteria that give priority for such grants to eligible projects under paragraph 7#b7 based on the extent to which the project complies with the requirements of subparagraphs 7,a7 and 7,b7 of such paragraph and the extent to which the project will assist low-income families4 7#e7 ,capacity building2 technical assistance ,of any amounts made available for grants under this section1 the ,secretary may use not more than #e percent for capacity building1 project management1 and technical assistance for feasibility1 planning1 and implementation of infrastructure grants 7#f7 ,definition of manufactured home community ,for purposes of this subsection1 the term manufactured home community means any community1 court1 or park equipped to accommodate manufactured homes for which pad sites or pad sites and the manufactured homes1 or both1 are leased to residents to be used primarily for residential purposes1 including any manufactured housing community as such term is used for purposes of the program of the ,federal ,national ,mortgage ,association for multifamily loans for manufactured housing communities and the program of the ,federal ,home ,loan ,mortgage ,corporation for loans for manufactured housing communities4 #cjb4 ,grants for zoning and land use improvements 7a7 ,authorization of appropriations ,there is authorized to be appropriated #ab1gej1jjj1jjj1 to remain available until expended1 for grants under this section4 7b7 ,eligible activities ,amounts made available for assistance under this section may be used only under the community development block grant program under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq47 for-- 7#a7 the development and preservation of qualified affordable housing1 including the construction of such housing2 7#b7 the elimination or waiving of zoning requirements and other requirements that limit affordable housing development1 in accordance with the ,fair ,housing ,act 7#db ,u4,s4,c4 #cfja et seq471 including high density and multifamily development restrictions1 off-street parking requirements1 and height limitations2 or 7#c7 any project or entity eligible for a discretionary grant provided by the ,department of ,transportation4 7c7 ,administrative and planning costs ,not more than #ae percent of any amounts made available for use under this section may be used for administrative and planning costs1 including for fair housing planning to comply with the ,secretary's regulations implementing the requirement under section #hjh 7e77#e7 of ,fair ,housing ,act 7#db ,u4,s4,c4 #cfjh7;e77#e77 to affirmatively further fair housing4 7d7 ,limitation ,the ,secretary shall ensure that recipients of amounts provided for use under this section are not incentivized or otherwise rewarded for eliminating or undermining the intent of the zoning regulations or other regulations or policies that-- 7#a7 establish fair wages for labors2 7#b7 ensure the health and safety of buildings for residents and the general public2 7#c7 protect or reduce barriers to fair housing2 7#d7 provide environmental protections2 7#e7 prevent tenant displacement2 or 7#f7 protect any other interest that the ,secretary determines is in the public interest to preserve4 7e7 ,competition ,amounts made available for assistance under this section shall be awarded to ,states1 territories1 units of general local government1 and ,indian tribes on a competitive basis1 based on the extent to which the applicant-- 7#a7 demonstrates that the applicant is responsibly streamlining the process for development of qualified affordable housing1 in accordance with the ,fair ,housing ,act 7#db ,u4,s4,c4 #cfja et seq472 7#b7 is eliminating or reducing impact fees for housing within boundaries of the ,state1 unit of local government1 or ,indian tribe1 as applicable1 and other assessments by ,state or local governments upon the owners of new housing development projects that offset governmental capital expenditures for infrastructure required to serve or made necessary by the new housing developments1 except for fees that are invested exclusively for affordable housing2 and 7#c7 provides assurances that the applicant will supplement assistance provided under this subsection with amounts from non-,federal sources for costs of the qualified affordable housing or infrastructure eligible under subsection 7b7 to be funded with assistance under this section1 and the extent of such supplemental assistance to be provided4 7f7 ,climate and natural disaster resilience and water and energy efficiency ,not less than #ae percent of all amounts made available pursuant to this section shall be used only for activities relating to climate and natural disaster resilience and water and energy efficiency and1 at the ,secretary's discretion1 other strategies to enhance the environmental sustainability of housing production and design4 7g7 ,qualified affordable housing ,for purposes of this section1 the term qualified affordable housing means a housing development that-- 7#a7 is funded in any part by assistance provided by the ,department of ,housing and ,urban ,development or the ,rural ,housing ,service of the ,department of ,agriculture2 7#b7 includes a qualified low income building as such term is defined in section #db of the ,internal ,revenue ,code of #aihf2 or 7#c7 consists of five or more dwelling units of which #bj percent or more are made available-- 7,a7 for rental only by a low-income family 7as defined in section #c7;b7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;a7b7772 7,b7 at a monthly rent amount that does not exceed #cj percent of the monthly adjusted income 7as defined in such section #c7;b77 of the tenant low-income family2 and 7,c7 in a manner that maintains affordability for residents who are low-income families for a period of not less than #cj years4 #cjc4 ,restoring communities left behind 7a7 ,competitive grant program ,not later than the expiration of the #abj-;day period beginning on the date of the enactment of this ,act1 the ,secretary of ,housing and ,urban ,development shall establish a program to award competitive grants to eligible local partnerships to carry out more than one neighborhood revitalization support activity in an eligible locality4 7b7 ,criteria 7#a7 ,eligible local partnership ,a local partnership is eligible to receive a grant under the program established under this section if it meets the following requirements3 7,a7 ,the local partnership includes a local nonprofit organization with expertise in community planning1 engagement1 organizing1 development1 or neighborhood revitalization1 or in any area where no such local nonprofit organization exists1 a national nonprofit organization with such expertise1 and at least one of the following entities3 7i7 ,a city or county government4 7ii7 ,a land bank4 7iii7 ,a fair housing enforcement organization 7as such term is defined in section #efa of the ,housing and ,community ,development ,act of #aihg 7#db ,u4,s4,c4 #cfaf;a774 7iv7 ,an anchor institution4 7v7 ,a nonprofit organization4 7vi7 ,a ,state housing finance agency 7as such term is defined in section #ajf7;h7 of the ,housing and ,urban ,development ,act of #aifh 7#ab ,u4,s4,c4 #agjax7h7774 7vii7 ,a community development financial institution 7as such term is defined in section #ajc7e7 of the ,community ,development ,banking and ,financial ,institutions ,act of #aiid 7#ab ,u4,s4,c4 #dgjb7e7774 7viii7 ,a public housing agency 7as such term is defined in section #c7;b7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;a7b7774 7,b7 ,such local partnership will use a grant awarded under this section to carry out neighborhood revitalization support activities in furtherance of a neighborhood revitalization strategy for eligible localities4 7#b7 ,eligible locality ,for the purposes of this section1 an eligible locality is a geographic area or areas at the neighborhood or county level that meet at least four of the following objective criteria of economic distress3 7,a7 ,dwelling unit sales prices are lower than the cost to acquire and rehabilitate1 or build1 a new dwelling unit4 7,b7 ,high proportions of residential and commercial properties are vacant due to foreclosure1 eviction1 abandonment1 or other causes4 7,c7 ,low rates of homeownership4 7,d7 ,racial disparities in homeownership rates4 7,e7 ,high rates of poverty4 7,f7 ,high rates of unemployment and underemployment4 7,g7 ,population loss4 7,h7 ,lack of private sector lending on fair and competitive terms for individuals to purchase homes or start small businesses4 7,i7 ,other indicators of economic distress1 such as the lack of housing affordability1 stemming from long-standing government policies and private sector practices that prevented mortgage lending in some communities1 such as redlining4 ,the ,secretary shall establish thresholds for the criteria of economic distress under this paragraph4 7#c7 ,neighborhood revitalization support activities ,for purposes of this section1 neighborhood revitalization support activities are the following3 7,a7 ,providing assistance to existing residents experiencing economic distress or at risk of displacement with homeowner rehabilitation assistance1 weatherization1 improved housing accessibility and livability for seniors and persons with disabilities1 energy efficiency improvements1 refinancing1 housing counseling certified by the ,secretary1 including loss mitigation counseling1 property tax relief1 clearing and obtaining formal title1 addressing outstanding housing-related expenses1 or other activities that the ,secretary determines are appropriate4 7,b7 ,purchasing non-performing mortgages to assist existing homeowners and advance neighborhood stability4 7,c7 ,supporting the purchase and redevelopment of vacant1 abandoned1 or distressed properties to create affordable rental housing1 homeownership or shared equity homeownership opportunities1 mixed-use properties1 or commercial properties4 ,properties supported with assistance under this subparagraph may be converted between rental and homeownership1 including shared equity homeownership1 upon termination of the lease or transfer of the property during the relevant period of affordability to ensure local community needs are met1 properties do not sit vacant1 and affordability is preserved4 7,d7 ,providing pre-purchase counseling through housing counselors certified by the ,secretary for neighborhood revitalization support activities that provide homeownership opportunities4 7,e7 ,providing down payment and closing cost assistance to prospective homebuyers4 7,f7 ,establishing and operating community land trusts to provide affordable rental and homeownership opportunities1 including shared equity homeownership opportunities4 7,g7 ,demolishing abandoned or distressed structures1 but only if such activity is part of a strategy that incorporates rehabilitation or new construction and efforts to increase affordable housing and homeownership1 except that not more than #aj percent of any grant made under this section may be used for activities under this subparagraph unless the ,secretary determines that such use is to replace units in an effort to increase affordable housing or homeownership4 7,h7 ,establishing or operating land banks to maintain acquire1 redevelop1 or sell properties that are abandoned or distressed4 ,preference among applications proposing activities under this subparagraph shall be given to applications that promote distribution of properties for affordable housing4 7,i7 ,improving parks1 sidewalks1 street lighting1 and other neighborhood improvements that impact quality of life in the targeted neighborhoods1 except that not more than #e percent of any grant made under this section may be used for activities under this subparagraph4 7,j7 ,in connection with any other eligible activity under this paragraph1 working with resident leaders and community groups to undertake community planning1 outreach1 and neighborhood engagement1 consistent with the goals of increasing homeownership1 stabilizing neighborhoods1 reducing vacancy rates1 creating jobs1 increasing or stabilizing residential and commercial property values1 and meeting other neighborhood needs1 except that not more than #aj percent of any grant made under this section may be used for activities under this subparagraph4 7#d7 ,affordability terms 7,a7 ,rental units ,in the case of property assisted pursuant to paragraph 7#c7 containing any dwelling units that are made available for rental-- 7i7 such units shall be available for rental only by a household having an income that does not exceed #fj percent of the median income for the area in which such unit is located2 7ii7 such units shall remain affordable for at least #cj years2 7iii7 such property may be a mixed-use property2 and 7iv7 such unit shall be maintained in habitable condition1 as defined by the locality in which the property is located4 7,b7 ,homeownership units ,in the case of property assisted pursuant to paragraph 7#c7 consisting of a dwelling unit1 or containing any dwelling units1 made available for homeownership1 such unit or units-- 7i7 shall be available for purchase only to by a household having an income that does not exceed #abj percent of the median income for the area in which such unit is located2 7ii7 if made available through a shared equity homeownership program1 shall remain affordable for at least #cj years2 and 7iii7 if not made available through a shared equity homeownership program-- 7,i7 shall remain affordable for a period of years as determined by the partnership1 which shall not be shorter than #e years from the sale of the unit2 and 7,,ii7 shall be subject to resale or recapture provisions that-- 7aa7 are established by the partnership to ensure that the affordability term may be met or funds may be redeployed for neighborhood revitalization support activities2 7bb7 may be waived in cases of hardship or market depreciation2 and 7cc7 provide that1 in the case of a resale1 the partnership may maintain preemptive purchase options in order to sell the property to another income qualified purchaser4 ,if a property converts between rental and homeownership or shared equity homeownership1 the affordability terms of the new tenure type shall be utilized upon occupancy4 7c7 ,applications 7#a7 ,in general ,to apply to receive a grant under this section1 an eligible local partnership shall submit to the ,secretary an application at such time1 in such manner1 and containing such information as the ,secretary may require4 7#b7 ,grant recipient priority selection criteria ,the ,secretary shall prioritize awarding grants based on the following criteria3 7,a7 ,the severity of the locality's indicators of distress under subsection 7b77#b74 7,b7 ,the extent to which the activities proposed will-- 7i7 in the case of rental housing1 benefit households having incomes not exceeding #cj percent of the median income for the area2 and 7ii7 in the case of homeownership housing1 including shared equity homeownership1 benefit households having incomes not exceeding #hj percent of the median income for the area4 7,c7 ,whether the activities proposed will promote affordable homeownership and the extent to which such affordability terms will be preserved4 7,d7 ,the extent to which an eligible partnership that includes a public housing agency will use housing choice vouchers to support homeownership for households at or below #fj percent of area median income4 7,e7 ,the demonstrated capacity of an eligible local partnership to execute the proposed eligible neighborhood revitalization support activities4 7,f7 ,the demonstrated community planning1 outreach1 and engagement practices of an eligible local partnership4 7,g7 ,the depth and breadth of the community partnership supporting the application4 7,h7 ,the extent to which existing residents are assisted to prevent displacement4 7,i7 ,the extent to which the proposed neighborhood revitalization support activities would help close the racial wealth gap by increasing minority homeownership1 ensuring equitable access to housing and economic opportunity1 and countering the ongoing legacy of redlining policies4 7,j7 ,the extent to which development of new units are water and energy efficient4 7,k7 ,the feasibility of the proposed neighborhood revitalization support activities considering local market conditions4 7,l7 ,the extent to which an application demonstrates comprehensive community planning efforts and additional funds in hand or committed for activities in the geographic area that are not directly related to the provision of affordable housing1 such as support for small1 minority1 and women-owned business activity in commercial zones in the targeted neighborhoods4 7#c7 ,geographical diversity ,the ,secretary shall seek to make grants under this section for local partnerships serving geographically diverse areas of economic distress as defined in subsection 7b77#b71 including metropolitan and underserved rural areas4 7d7 ,operation costs ,up to #ae percent of the amount of each grant under this section may be used by the recipient for administrative and organizational support costs4 7e7 ,technical assistance and capacity building ,the ,secretary may reserve up to #a percent of any funds appropriated to carry out this section for technical assistance activities which support grantees under this program and #a percent of funds from each grant awarded shall be used to develop grantee capacity to meet the requirements under paragraphs 7#a7 and 7#b7 of subsection 7f74 7f7 ,accountability of recipients 7#a7 ,requirements ,the ,secretary shall-- 7,a7 require each grantee under this section to develop and maintain a system to ensure that each recipient of assistance uses such amounts in accordance with this section1 the regulations issued under this section1 and any requirements or conditions under which such amounts were provided2 and 7,b7 establish minimum requirements for agreements between the grantee and the ,secretary1 regarding assistance from grants under this section1 which shall include-- 7i7 appropriate periodic financial and project reporting1 record retention1 and audit requirements for the duration of the grant to the recipient to ensure compliance with the limitations and requirements of this section and the regulations under this section2 and 7ii7 any other requirements that the ,secretary determines are necessary to ensure appropriate grant administration and compliance4 7#b7 ,publicly available information ,the ,secretary shall make information regarding the results of assistance provided with amounts from grants under this section publicly available1 which shall include at least the following information3 7,a7 ,a list of recipients of grants awarded under this section and the amount of each such grant4 7,b7 ,a description of each neighborhood revitalization support activity carried out by each such recipient and the impacts associated with each such activity1 including the change in the rate of minority and first-time homeownership4 7,c7 ,the total number of housing units acquired1 redeveloped1 or produced using grant amounts under this section4 7,d7 ,the total number of housing units for rent1 ownership1 and shared equity homeownership assisted with grant amounts under this section and the number of bedrooms in each such unit4 7,e7 ,the percentage of housing units assisted with grant amounts under this section that are affordable to low-1 very low-1 and extremely low-income households4 7,f7 ,the number of such housing units located in areas where the percentage of households in a racial or ethnic minority group-- 7i7 is at least #bj percentage points higher than the percentage of the population of that minority group for the ,metropolitan ,statistical ,area2 7ii7 is at least #bj percentage points higher than the percentage of the population of all minorities for the ,metropolitan ,statistical ,area2 and 7iii7 exceeds #ej percent of the population4 7,g7 ,any other information that the ,secretary of ,housing and ,urban ,development determines necessary to ensure that housing outcomes and grant administration and compliance align with the purposes of this ,act4 7g7 ,in general ,not later than #b years after grants under this section are first awarded and again #c years thereafter1 the ,secretary shall submit to the appropriate ,congressional ,committees1 and make publicly available online1 a report that-- 7#a7 evaluates the impact of the program established under this section2 7#b7 describes demographic changes in the eligible localities served by grantees of grants under this section1 including changes in income1 race1 and ethnicity1 property values1 and unemployment rates2 7#c7 identifies the number of housing units assisted with grant amounts under this section located in high- and low-poverty census tracts2 7#d7 identifies the number of accessible units created and modified with grant amounts under this section and where such units are located using the most granular location measurement that is feasible such as at the ,census block group level2 and 7#e7 identifies where housing units assisted with grant amounts are located in relation to community assets1 including high performing schools and public transportation options4 7h7 ,definitions ,in this section3 7#a7 ,anchor institution ,the term anchor institution means a school1 a library1 a healthcare provider1 a community college or other institution of higher education1 or another community support organization or entity4 7#b7 ,appropriate ,congressional ,committees ,the term appropriate ,congressional ,committees means the following3 7,a7 ,the ,committees on ,financial ,services and ,appropriations of the ,house of ,representatives4 7,b7 ,the ,committees on ,banking1 ,housing1 and ,urban ,affairs and ,appropriations of the ,senate4 7#c7 ,community land trust ,the term community land trust means a nonprofit organization or ,state or local governments or instrumentalities that-- 7,a7 use a ground lease or deed covenant with an affordability period of at least #cj years or more to-- 7i7 make rental and homeownership units affordable to households2 and 7ii7 stipulate a preemptive option to purchase the affordable rentals or homeownership units so that the affordability of the units is preserved for successive income-eligible households2 and 7,b7 monitor properties to ensure affordability is preserved4 7#d7 ,land bank ,the term land bank means a government entity1 agency1 or program1 or a special purpose nonprofit entity formed by one or more units of government in accordance with ,state or local land bank enabling law1 that has been designated by one or more ,state or local governments to acquire1 steward1 and dispose of vacant1 abandoned1 or other problem properties in accordance with locally determined priorities and goals4 7#e7 ,neighborhood revitalization support activity ,the term neighborhood revitalization support activity means an activity described in subsection 7b77#c74 7#f7 ,non-performing mortgage ,the term non-performing mortgage means a residential mortgage loan that is #ij days or more delinquent4 7#g7 ,nonprofit organization ,the term nonprofit organization means an organization that is described in section #eja7;c77#c7 of the ,internal ,revenue ,code of #aihf 7#bf ,u4,s4,c4 #eja7;c77#c77 and is exempt from taxation under section #eja7;a7 of such ,code4 7#h7 ,shared equity homeownership program 7,a7 ,in general ,the term shared equity homeownership program means affordable homeownership preservation through a resale restriction program administered by a community land trust1 other nonprofit organization1 or ,state or local government or instrumentalities4 7,b7 ,affordability requirements ,any such program under subparagraph 7,a7 shall-- 7i7 provide affordable homeownership opportunities to households2 and 7ii7 utilize a ground lease1 deed restriction1 subordinate loan1 or similar legal mechanism that includes provisions ensuring that the program shall-- 7,i7 maintain the home as affordable for subsequent very low-1 low-1 or moderate-income families for an affordability term of at least #cj years after recordation2 7,,ii7 apply a resale formula that limits the homeowner's proceeds upon resale2 and 7,,iii7 provide the program administrator or such administrator's assignee a preemptive option to purchase the homeownership unit from the homeowner at resale4 7i7 ,authorization of appropriations 7#a7 ,in general ,there is authorized to be appropriated to carry out this section #aj1jjj1jjj1jjj1 which shall remain available until expended4 7#b7 ,set asides 7,a7 ,non-,m,s,as ,the ,secretary shall award at least #aj percent of any amounts appropriated pursuant to this subsection to eligible local partnerships that will provide neighborhood revitalization support activities to localities outside of a ,metropolitan ,statistical ,area1 as designated by the ,office of ,management and ,budget4 ,the priority under subsection 7c77#b77;,i7 7relating to matching funds7 shall not apply to amounts awarded under this paragraph4 7,b7 ,self-help homeownership opportunity program ,of any amounts appropriated pursuant to this section for fiscal year #bjba1 the ,secretary shall reserve #bej1jjj1jjj for grants under section #aa of the ,housing ,opportunity ,program ,extension ,act of #aiif 7#db ,u4,s4,c4 #abhje note71 which amounts shall remain available until ,september #cj1 #bjca4 7#c7 ,,nofa ,the ,secretary shall issue a ,notice of ,funding ,availability for grants under this section not later than the expiration of the #ahj-;day period beginning upon the date of the enactment of this ,act4 #cjd4 ,affordable housing and community development technical assistance and capacity-building to expand economic inclusion and prevent involuntary residential displacement 7a7 ,appropriation ,in addition to amounts otherwise available1 there is appropriated to the ,secretary of ,housing and ,urban ,development 7in this section referred to as the ,secretary7 #ajj1jjj1jjj1 to remain available until expended1 to establish a competitive grant technical assistance and capacity building program to carry out the following activities3 7#a7 ,training1 education1 support1 and advice to enhance the technical and administrative capabilities of community development corporations1 community housing development organizations1 and other mission-driven and nonprofit organizations seeking to undertake affordable housing development4 7#b7 ,loans1 grants1 or predevelopment assistance to community development corporations1 community housing development organizations1 and other mission-driven and nonprofit organizations seeking to undertake affordable housing development4 7#c7 ,such other activities as may be determined by the grantees in consultation with the ,secretary4 7b7 ,grantees ,grant funds made available under subsection 7a7 shall be provided on a competitive basis to nonprofit organizations 7as described in section #eja7;c77#c7 of the ,internal ,revenue ,code of #aihf7 that are exempt from taxation under section #eja7;a7 of such ,code that-- 7#a7 target capacity-building activities to minority and low-income populations facing housing instability and community disinvestment2 or 7#b7 provide capacity-building activities in neighborhoods having high concentrations of minority and low-income populations4 7c7 ,exclusion ,no nonprofit organization may receive funding under subsection 7a7 in the same fiscal year that it has received funding under section #d of the ,,hud ,demonstration ,act of #aiic 7#db ,u4,s4,c4 #ihaf note74 7d7 ,administration1 evaluation and oversight ,the ,secretary may use up to #aj percent of the amounts made available under this section for the costs of the ,secretary of administering1 evaluating1 and overseeing the implementation of this section1 including information technology1 financial reporting1 and other costs4 #cje4 ,lead hazard reduction and healthy homes initiative ,there is authorized to be appropriated #bj1jjj1jjj1jjj1 to remain available until expended1 of which-- 7#a7 #e1jjj1jjj1jjj shall be for the ,healthy ,homes ,initiative1 pursuant to sections #eja and #ejb of the ,housing and ,urban ,development ,act of #aigj2 and 7#b7 the remainder shall be for the ,lead ,hazard ,reduction program of the ,secretary1 as authorized by section #ajaa of the ,residential ,lead-,based ,paint ,hazard ,reduction ,act of #aiib1 except that not less than #h1jjj1jjj1jjj of such amount shall be for the award of grants to areas with the highest lead-based paint abatement needs4 #cjf4 ,community revitalization fund ,there is authorized to be appropriated to the ,secretary of ,housing and ,urban ,development to establish a community revitalization fund to support community-led development projects1 #aj1jjj1jjj1jjj1 and any amounts appropriated pursuant to this section shall remain available until expended4 #cjg4 ,strengthening resilience under ,national ,flood ,insurance ,program 7a7 ,authorization of appropriations ,there is authorized to be appropriated for carrying out the ,flood ,mitigation ,assistance ,grant program under section #acff of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #dajd;c7 #aa1ijj1jjj1jjj and any amounts appropriated pursuant to this section shall remain available until expended4 7b7 ,multifamily residences and attached and semi-,attached homes 7#a7 ,alternative forms of mitigation ,with regard to any structure that is a multifamily residence or an attached or semi-attached residence1 the ,administrator of the ,federal ,emergency ,management ,agency shall consult with the ,secretary of ,housing and ,urban ,development and establish alternative forms of mitigation4 7#b7 ,definition ,for the purposes of this subsection1 the term multifamily residence has the same meaning as in the ,flood ,disaster ,protection ,act of #aigc and the ,national ,flood ,insurance ,act of #aifh4 7c7 ,standards 7#a7 ,in general ,all laborers and mechanics employed by contractors or subcontractors in the performance of construction1 alteration or repair work carried out1 in whole or in part1 with assistance made available through this section shall be paid wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the ,secretary of ,labor in accordance with subchapter ,,iv of chapter #ca of title #dj1 ,united ,states ,code4 ,with respect to the labor standards in this paragraph1 the ,secretary of ,labor shall have the authority and functions set forth in ,reorganization ,plan ,numbered #ad of #aiej 7#fd ,stat4 #abfg2 #e ,u4,s4,c4 ,app47 and section #cade of title #dj1 ,united ,states ,code4 7#b7 ,exception based on number of units ,paragraph 7#a7 shall not apply to single-family homes or residential properties of less than #e units4 7#c7 ,exception for certain individuals ,paragraph 7#a7 shall not apply to any individual that-- 7,a7 performs services for which the individual volunteered2 7,b7 does not receive compensation for such services or is paid expenses1 reasonable benefits1 or a nominal fee for such services2 and 7,c7 is not otherwise employed at any time in the construction work4 7d7 ,program debt 7#a7 ,cancellation ,notwithstanding any other provision of law1 all indebtedness of the ,administrator of the ,federal ,emergency ,management ,agency under any notes or other obligations issued pursuant to section #acji7;a7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #g #djaf7;a77 and section #ae7;e7 of the ,federal ,insurance ,act of #aief 7#db ,u4,s4,c4 #bdad7;e771 and outstanding as of the date of the enactment of this ,act1 is hereby canceled1 the ,administrator and the ,national ,flood ,insurance ,fund are relieved of all liability to the ,secretary of the ,treasury under any such notes or other obligations1 including for any capitalized interest due under such notes or other obligations and any other fees and charges payable in connection with such notes and obligations1 and the total amount of notes and obligations issued by the ,administrator pursuant to such section shall be considered to be reduced by such amount for purposes of the limitation on such total amount under such section4 7#b7 ,treatment of canceled debt ,the amount of the indebtedness canceled under paragraph 7#a7-- 7,a7 may be treated as a public debt of the ,united ,states2 and 7,b7 is designated as an emergency pursuant to section #d7;g7 of the ,statutory ,pay-,as-,you-,go ,act of #bf #bjaj 7#b ,u4,s4,c4 #icc7;g774 #cjh4 ,cap on annual ,national ,flood ,insurance ,program 7a7 ,definition ,in this section1 the term covered cost means-- 7#a7 the amount of an annual premium with respect to any policy for flood insurance under the ,national ,flood ,insurance ,program2 7#b7 any surcharge imposed with respect to a policy described in paragraph 7#a71 including a surcharge imposed under-- 7,a7 section #acjd7;b7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djaa7;b772 or 7,b7 section #acjh;,a7a7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djae;a7a772 and 7#c7 a fee described in paragraph 7#a77;,b77iii7 or 7#b7 of section #acjg7;a7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djad7;a774 7b7 ,limitation on increases ,during the #e-year period beginning on the date of enactment of this ,act1 and notwithstanding section #acjh7;e7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djae7;e771 the ,administrator of the ,federal ,emergency ,management ,agency 7in this section referred to as the ,administrator7 may not1 in any year1 increase the amount of any covered cost by any amount that is more than #i percent1 as compared with the amount of the covered cost during the previous year4 7c7 ,rule of construction ,nothing in subsection 7b7 may be construed as prohibiting the ,administrator from reducing1 in any year1 the amount of any covered cost1 as compared with the amount of the covered cost during the previous year4 7d7 ,average historical loss year ,section #acjh of the ,national ,flood ,insurance ,act of #aifh 7#db #aa ,u4,s4,c4 #djae7 is amended by striking subsection 7h7 and inserting the following3 7h7 ,rule of construction ,for purposes of this section1 the calculation of an average historical loss year shall be computed in accordance with generally accepted actuarial principles4 4 7e7 ,disclosure with respect to affordability standard ,the second sentence of section #acjh7;j7 of the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djae7;j77 is amended by inserting before the period at the end the following3 and shall include in the report the number of those exceptions as of the date on which the ,administrator submits the report and the location of each policyholder insured under those exceptions1 organized by county and ,state4 #cji4 ,manufacturing facility ,there is authorized to be appropriated to the ,secretary of the ,treasury #aj1jjjj1jjj1jjj1 to establish a manufacturing financing facility to support increasing the size1 competitiveness1 and innovation of the ,united ,states manufacturing sector4 ,,iv ,national ,investment ,authority ,system #dja4 ,short title ,this title may be cited as the ,national ,investment ,authority ,act of #bjba4 #djb4 ,definitions ,in this title3 7#a7 ,critical ,public ,infrastructure ,the term ,critical ,public ,infrastructure means high-quality1 environmentally safe-- 7,a7 physical infrastructure 7including transportation1 energy1 water1 and communications infrastructure72 7,b7 industrial infrastructure 7including domestic manufacturing facilities72 and 7,c7 social infrastructure 7including affordable housing1 education1 and healthcare74 7#b7 ,eligible ,private ,entity ,the term ,eligible ,private ,entity means any non-government entity1 or a group of such entities1 that-- 7,a7 seeks the ,,nia funding or technical assistance in connection with one or more ,critical ,public ,infrastructure projects2 7,b7 is not itself and is not controlled by1 directly or indirectly1 a ,financial ,intermediary2 and 7,c7 meets the entity eligibility criteria and any other requirements and conditions1 established by the ,governing ,board or the ,,nia ,operating ,subsidiaries4 7#c7 ,financial ,intermediary ,the term ,financial ,intermediary means-- 7,a7 a commercial bank with assets above #aj1jjj1jjj1jjj2 7,b7 a broker or dealer 7as such terms are defined under section #c of the ,securities ,exchange ,act of #aicd72 and 7,c7 an issuer that would be an investment company1 as defined under the ,investment ,company ,act of #aidj1 but for paragraph 7#a7 or 7#g7 of section #c7;c7 of that ,act4 7#d7 ,governing ,board ,the term ,governing ,board means the ,governing ,board of the ,,nia4 7#e7 ,national ,investment ,strategy ,the term ,national ,investment ,strategy means the ,national ,investment ,strategy designed by the ,governing ,board under section #dab7;b74 7#f7 ,,nia ,the term ,,nia means the ,national ,investment ,authority1 established under section #daa4 7#g7 ,,nia ,annual ,report ,the term ,,nia ,annual ,report means the ,,nia ,annual ,report mandated under section #daf4 7#h7 ,,nia bond ,the term ,,nia bond means a bond or any other debt or debt-like instrument issued by the ,,nia or an ,,nia ,operating ,subsidiary4 7#i7 ,,nia ,operating ,subsidiary ,the term ,,nia ,operating ,subsidiary means-- 7,a7 the ,,nib2 and 7,b7 such other government corporations or entities as may be established or designated by an ,act of ,congress as ,,nia ,operating ,subsidiaries4 7#aj7 ,,nia ,staff ,the term ,,nia ,staff means the staff of the ,,nia4 7#aa7 ,,nib ,the term ,,nib means that ,national ,infrastructure ,bank4 7#ab7 ,portfolio ,project ,the term ,portfolio ,project means any project or undertaking1 financed1 managed1 or otherwise supported by any ,,nia ,operating ,subsidiary in the course of its business and in accordance with the provisions of this title4 7#ac7 ,project ,funding ,date ,the term ,project ,funding ,date means1 with respect to each ,,nia ,portfolio ,project1 each date on which the ,,nia-- 7,a7 makes a final decision to commit to funding or participating in that ,portfolio ,project2 and 7,b7 extends funding or assumes participation pursuant to its commitment4 7#ad7 ,state ,the term ,state means each of the several ,states1 the ,district of ,columbia1 each territory of the ,united ,states1 and each ,indian ,tribe4 ,a ,national ,investment ,authority #daa4 ,establishment ,there is established the ,national ,investment ,authority1 which shall contain-- 7#a7 the ,,nia ,governing ,board established under this subtitle2 7#b7 the ,,nia regional offices established under subtitle ,b2 and 7#c7 the ,,nia ,operating ,subsidiaries1 including the ,,nib established under subtitle ,c4 #dab4 ,functions 7a7 ,,nia mission 7#a7 ,in general ,the ,,nia's mission shall be to design1 finance1 and implement a coherent and dynamic program of long-term national economic growth and development that is-- 7,a7 structurally and geographically balanced2 7,b7 environmentally sustainable2 7,c7 socially equitable2 and 7,d7 in line with the strategic goals and national interests of the ,united ,states4 7#b7 ,principal goals ,in fulfilling its mission under paragraph 7#a71 the ,,nia shall have the principal goals of the following3 7,a7 ,eliminating unemployment1 underemployment1 and poverty4 7,b7 ,ensuring universal access to essential goods and services4 7,c7 ,prioritizing the communities in greatest need4 7,d7 ,remediating and eliminating threats to communities arising from toxic water1 land and air pollution1 unsustainable resource use1 and climate change4 7,e7 ,prioritizing environmental justice hotspots and bolstering climate and environmental resilience4 7,f7 ,reducing greenhouse gas emissions in line with the recommendations of the ,intergovernmental ,panel on ,climate ,change4 7,g7 ,increasing domestic manufacturing capacity and ensuring ,u4,s4 competitiveness in line with the foregoing4 7b7 ,national ,investment ,strategy ,in pursuit of the ,,nia's mission1 the ,governing ,board shall formulate1 regularly update1 and implement a forward-looking ,national ,investment ,strategy that mobilizes1 amplifies1 and coordinates investment of public and private capital1 over different time horizons1 in-- 7#a7 equitable1 inclusive1 structurally balanced1 and environmentally sustainable growth of the ,u4,s4 economy2 7#b7 long-term development of domestic productive and manufacturing capacity2 7#c7 creation of sustainable and well-paying domestic jobs2 7#d7 universal availability of high-quality ,critical ,public ,infrastructure2 7#e7 elimination of gaps in the quality of life and well-being of ethnic and racial groups1 as well as among geographic regions and communities2 7#f7 broad and equitable access to affordable housing2 7#g7 transition to a low-carbon emissions economy2 7#h7 technology development in support of national goals2 and 7#i7 such other goals as the ,governing ,board may determine4 7c7 ,oversight of ,,nia ,operating ,subsidiaries ,the ,governing ,board shall-- 7#a7 establish rules governing the operations of the ,,nia ,operating ,subsidiaries2 7#b7 monitor the compliance of the ,,nia ,operating ,subsidiaries with the rules established under paragraph 7#a7 and the provisions of this title2 7#c7 supervise the implementation of the ,national ,investment ,strategy by the ,,nia ,operating ,subsidiaries2 and 7#d7 develop consistent policies and procedures for the ,,nia ,operating ,subsidiaries with respect to project selection and performance1 consistent with section #dae and the other provisions of this title1 including-- 7,a7 labor1 equity1 and environmental criteria to be used in the project-selection process and in the implementation of projects2 7,b7 project selection procedures2 and 7,c7 the community engagement process in project selection4 7d7 ,oversight of ,,nia regional offices ,the ,governing ,board shall establish rules and procedures establishing the structure and governing the operation of the ,,nia regional offices4 7e7 ,ancillary functions ,the ,governing ,board shall-- 7#a7 conduct1 fund1 coordinate1 and otherwise support academic research and development of technology and scientific knowledge consistent with and beneficial to the ,national ,investment ,strategy2 7#b7 maintain regular and effective channels of communication and public outreach1 especially with respect to communities in areas where the ,,nia conducts or plans to conduct its operations2 7#c7 provide technical assistance to public and private entities1 community groups1 and individuals participating or intending to participate in the ,,nia project selection process2 7#d7 ensure compliance with the relevant project selection criteria and all other applicable requirements of this title and the ,governing ,board2 7#e7 collect1 study1 and publicize data relating to investments by the ,,nia and ,,nia ,operating ,subsidiaries and the impact of such investments on economic growth1 sustainability1 inclusivity1 and other measures of the nation's well-being2 and 7#f7 perform any additional functions determined necessary or useful in order to support or enhance the ,,nia's ability to fulfill its mission under this title4 #dac4 ,funding 7a7 ,initial appropriation ,there is appropriated1 out of any money in the ,treasury not otherwise appropriated1 to the ,governing ,board #bg1jjj1jjj1jjj for the initial establishment of the ,,nia and ,,nib and to carry out this title1 such sums to remain available until expended4 7b7 ,federal ,reserve support 7#a7 ,purchase of ,,nia bonds 7,a7 ,in general ,the ,board of ,governors of the ,federal ,reserve ,system may purchase ,,nia bonds and other debt instruments1 both directly from the ,,nia or ,,nia ,operating ,subsidiary and in secondary markets4 7,b7 ,limitation ,the total value of ,,nia bonds and other debt instruments held by the ,board of ,governors of the ,federal ,reserve ,system at any one time may not exceed #be percent of the total assets held by the ,board of ,governors of the ,federal ,reserve ,system 7excluding any amounts outstanding under paragraph 7#b77 and the ,federal reserve banks4 ,for purposes of the preceding sentence1 the total asset amount shall be calculated as the average total assets over the preceding #f-month period4 7#b7 ,backup liquidity support 7,a7 ,in general ,at the request of the head of an ,,nia ,operating ,subsidiary1 for purposes of providing short-term liquidity support1 the ,board of ,governors of the ,federal ,reserve ,system shall lend funds to such ,,nia ,operating ,subsidiary-- 7i7 at preferential rates2 and 7ii7 on a collateralized or uncollateralized basis4 7,b7 ,limitation ,the total value of outstanding loans provided by the ,board of ,governors of the ,federal ,reserve ,system under this paragraph may not exceed #be percent of the total assets held by the ,board of ,governors of the ,federal ,reserve ,system and the ,federal reserve banks4 ,for purposes of the preceding sentence1 the total asset amount shall be calculated as the average total assets over the preceding #f-month period4 7c7 ,treasury line of credit 7#a7 ,in general ,at the request of the ,chair or ,vice-,chair of the ,governing ,board1 the ,secretary of the ,treasury shall lend funds to one or more ,,nia ,operating ,subsidiary designated in such request1 at cost4 ,the request submitted under this provision shall be accompanied by a written attestation by the head of the relevant ,,nia ,operating ,subsidiary that such ,operating ,subsidiary is unable to access the liquidity support from the ,board of ,governors of the ,federal ,reserve ,system authorized under subsection 7b74 7#b7 ,limitation ,the aggregate amount of all loans authorized under paragraph 7#a7 at one time may not exceed an amount equal to #ajj percent of the ,,nia's total assets4 ,for purposes of the preceding sentence1 the total asset amount shall be calculated as the average total assets over the preceding #f-month period4 7d7 ,,nia bonds 7#a7 ,in general ,the ,,nia or ,,nia ,operating ,subsidiaries may issue bonds and other debt instruments1 or ,,nia ,bonds1 on terms determined by the ,governing ,board or the issuing ,,nia ,operating ,subsidiary1 as applicable1 in accordance with the requirements of this title4 7#b7 ,exempt securities ,,nia ,bonds and other instruments issued by ,,nia ,operating ,subsidiaries shall be exempt from the requirements of section #e of the ,securities ,act of #aicc4 7#c7 ,no full faith and credit ,,nia ,bonds and other instruments issued by ,,nia ,operating ,subsidiaries shall not be backed by the full faith and credit of the ,united ,states4 7e7 ,use of proceeds ,the ,,nia and ,,nia ,operating ,subsidiaries shall retain all proceeds from financing1 investments1 and other financial assistance made under this title and may1 without further appropriation1 use such amounts to carry out this title4 #dad4 ,,nia ,governing ,board 7a7 ,establishment ,there is established the ,governing ,board of the ,,nia1 as an independent ,federal agency4 7b7 ,members 7#a7 ,in general ,the ,governing ,board shall consist of the following3 7,a7 ,voting members ,nine voting members1 appointed by the ,president by and with the advice and consent of the ,senate4 7,b7 ,non-voting members ,the following ex-officio1 non-voting members3 7i7 ,the ,chairman of the ,board of ,governors of the ,federal ,reserve ,system4 7ii7 ,the ,secretary of the ,treasury4 7iii7 ,the ,secretary of ,housing and ,urban ,development4 7iv7 ,the ,president of each ,,nia ,operating ,subsidiary4 7#b7 ,chair2 ,vice ,chair ,the ,president shall select one voting member of the ,governing ,board to serve as ,chair and one to serve as ,vice ,chair4 7#c7 ,terms of service 7,a7 ,in general ,the voting members of the ,governing ,board shall serve a #aj-year term1 and members may not serve more than one term4 7,b7 ,staggered terms ,notwithstanding subparagraph 7,a7-- 7i7 in appointing the initial voting members of the ,governing ,board1 the ,president shall stagger the terms of the initial members such that no more than one member's term ends in any one year2 and 7ii7 the initial voting members of the ,governing ,board may be appointed to a second term4 7#d7 ,qualifications ,in appointing the voting members of the ,governing ,board1 the ,president shall ensure that-- 7,a7 all members have established expertise in finance1 economics1 law1 environmental science1 engineering1 public administration1 infrastructure projects1 public health1 or other relevant fields2 and 7,b7 at least #e of the members have demonstrated experience with1 and endorsement from1 labor organizations1 nonprofit organizations1 and community advocacy groups4 7#e7 ,compensation 7,a7 ,chair ,the ,chair of the ,governing ,board shall be compensated at the rate of pay payable for a position at level ,i of the ,executive ,schedule under section #ecab of title #e1 ,united ,states ,code4 7,b7 ,other members ,the members of the ,governing ,board other than the ,chair shall be compensated at the rate of pay payable for a position at level ,,ii of the ,executive ,schedule under section #ecac of title #e1 ,united ,states ,code4 7c7 ,professional staff ,to assist the ,,nia in the performance of its responsibilities under this title1 the ,governing ,board shall establish and operate professional full-time staff1 the ,,nia ,staff1 whose structure shall include the following units3 7#a7 ,the ,applied ,research and ,technology unit1 which shall organize1 finance1 and coordinate applied research and development of technologies that could improve environmental1 economic1 and social outcomes4 7#b7 ,the ,public ,outreach and ,communication unit1 which shall ensure the continuous flow of information and communication between the ,governing ,board and businesses and communities1 including through the ,,nia regional offices4 7#c7 ,the ,technical ,assistance and ,strategic ,coordination unit1 which shall-- 7,a7 coordinate public investment strategies and ensure cooperation among ,federal1 ,state1 and local agencies2 and 7,b7 provide technical assistance to public and private entities4 7#d7 ,such other units as the ,governing ,board determines necessary to support its operations4 7d7 ,office of ,minority and ,women ,inclusion ,section #cdb7;g77#a7 of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act 7#ab ,u4,s4,c4 #edeb7;g77#a77 is amended-- 7#a7 in subparagraph 7,h71 by striking and4 7#b7 in subparagraph 7,i71 by striking the period and inserting 2 and2 and 7#c7 by adding at the end the following3 7,j7 the ,national ,investment ,authority4 4 7e7 ,interagency consultation and coordination ,the ,,nia ,governing ,board1 the ,secretary of the ,treasury1 and the ,board of ,governors of the ,federal ,reserve ,system shall establish the process for regular consultations to ensure effective cooperation and coordination of their policies and priorities4 #dae4 ,project eligibility and selection 7a7 ,in general ,subject to this section's provisions1 the ,governing ,board shall adopt rules and promulgate policies and procedures establishing core requirements for the eligibility1 identification1 evaluation1 selection1 and ongoing monitoring and management of the ,portfolio ,projects4 ,in doing so1 the ,governing ,board shall seek to ensure that the ,portfolio ,project selection process is conducted in a transparent1 efficient1 and publicly accountable manner1 consistent with the core purposes of the ,,nia4 7b7 ,identifying potential portfolio projects ,projects potentially eligible for ,,nia funding shall be identified primarily through the following channels3 7#a7 ,external ,projects identified by ,federal1 ,state1 or local agencies1 public banks1 or other government-owned corporations that would benefit from ,,nia management or investment and meet the ,,nia's eligibility requirements4 7#b7 ,internal ,prospective projects identified and proposed by the ,,nia staff1 based on internal research or in collaboration with the outside scientific and technology experts and communities4 7#c7 ,public auction ,projects-- 7,a7 that meet a set of criteria identified by the ,,nia staff in accordance with a particular investment goal2 and 7,b7 are announced to the public by the ,,nia in a public call for proposals 7the auction7 that is conducted in a transparent and fair manner1 as determined by the ,governing ,board1 in coordination with the ,,nia regional offices and the ,,nia ,operating ,subsidiaries4 7c7 ,portfolio project eligibility criteria 7#a7 ,in general ,the ,,nia and the ,,nia ,operating ,subsidiaries shall prioritize projects and investments that1 in the ,,nia's determination1 have potential to generate tangible long-term public benefits and advance the goals of the ,,nia4 7#b7 ,specific project eligibility criteria ,the ,,nia ,operating ,subsidiaries shall apply the following criteria and balance the following factors1 to determine that each ,portfolio ,project is eligible for the ,,nia funding1 both at the ,project ,funding ,date and on an ongoing basis3 7,a7 ,financial and ,economic ,impact ,criteria1 which include-- 7i7 potential contribution to the long-term growth and sustainability of the national1 regional1 or local economy2 7ii7 innovativeness and transformative technological potential2 7iii7 potential strengthening of global competitiveness and resilience of the ,u4,s4 economy2 7iv7 potential for and commitment to domestic job creation and ,buy ,america2 7v7 scale1 time horizons1 expected costs and cash revenues2 7vi7 availability or lack of superior or viable private or public funding alternatives2 and 7vii7 such other factors as may be appropriate to consider under the circumstances4 7,b7 ,environmental ,impact ,criteria1 which include-- 7i7 project participants' record of or commitment to mandatory compliance with all relevant environmental laws1 regulations1 and standards2 7ii7 absence of significant climate risk or mandatory climate-risk mitigation2 7iii7 potential to facilitate a broader economy-wide shift to clean technologies or production2 and 7iv7 any additional requirements and commitments applicable to individual types of project or investment4 7,c7 ,social and ,racial ,equity ,impact ,criteria1 which include-- 7i7 potential to improve health1 education1 living conditions1 income1 and overall well-being of local1 and especially disadvantaged1 communities2 7ii7 potential to rectify racial or socio-economic inequity2 7iii7 any other factors and commitments appropriate or necessary under the circumstances4 7,d7 ,labor and ,employment ,impact ,criteria1 which include-- 7i7 project participants' record of or commitment to mandatory compliance with all relevant labor and wage-related laws1 regulations and standards1 including requirements that the participants-- 7,i7 provide written assurances prescribed by the applicable ,,nia ,operating ,subsidiary that any project will be performed with the requirements of ,federal laws that would otherwise apply to similar projects to which the ,united ,states is a party2 7,,ii7 with respect to recipients of financial assistance authorized under this title that funds public transportation capital projects1 as defined in section #ecjb of title #di1 ,united ,states ,code1 comply with the grant requirements applicable to grants made under section #ecji of such title2 7,,iii7 with respect to recipient of financial assistance for an infrastructure project involving reconstruction1 rehabilitation1 replacement1 or expansion that may impact current public employees on the project site1 shall protect the interests of employees affected by the financial assistance under arrangements the ,secretary of ,labor concludes are fair and equitable in accordance with section #eccc7;b77#b7 of title #di1 ,united ,states ,code2 7,,iv7 with respect to recipients of financial assistance authorized under this title that funds freight or passenger rail capital projects1 as defined by section #bbija7b7 of title #di1 ,united ,states ,code1 shall comply with the requirements of section #bbije of such #di2 and 7,v7 with respect to recipients of financial assistance authorized under this title that do not involve a ,federal contract or assistance in which no ,federal law is controlling for contractors1 shall apply ,executive ,order #acfeh2 7ii7 project participants' record of or commitment to commitment to utilize unionized workers and employees2 7iii7 project participants' record of or commitment to labor representation in management structures2 and 7iv7 any other factors and commitments appropriate or necessary under the circumstances4 7#c7 ,additional ,governing ,board authority ,the ,governing ,board1 in consultation with the ,,nia ,operating ,subsidiaries1 may expand1 interpret1 adjust1 or vary the context-specific application of the foregoing ,portfolio ,project eligibility requirements1 if doing so serves the public interest1 amplifies public benefits associated with the relevant ,,nia ,projects1 and facilitates the implementation of the ,national ,investment ,strategy or the broader statutory goals of the ,,nia4 7d7 ,entity eligibility criteria ,the ,governing ,board shall develop eligibility criteria for any external partners1 participants in1 or recipients of the ,,nia funding for ,portfolio ,projects1 including ,eligible ,private ,entities4 7e7 ,portfolio project selection by ,,nia ,operating ,subsidiaries 7#a7 ,project analysis and monitoring committees ,each ,,nia ,operating ,subsidiary1 including the ,,nib1 shall establish a special ,project ,analysis and ,monitoring ,committee charged with identifying and evaluating its investment prospects and selecting individual projects and undertakings for inclusion in such ,,nia ,operating ,subsidiary's asset portfolio4 ,in performing these tasks1 both the ,,nia ,operating ,subsidiary and its ,project ,analysis and ,monitoring ,committee shall comply with the applicable rules1 policies1 and procedures promulgated by the ,governing ,board4 7#b7 ,portfolio project selection 7,a7 ,in general ,in selecting ,portfolio ,projects1 an ,,nia ,operating ,subsidiary shall-- 7i7 comply with all rules and procedures issued by the ,governing ,board under this section2 7ii7 ensure fair and equitable access to ,,nia funding1 among other things1 by maintaining effective communication with and providing technical assistance to local public entities1 nonprofit organizations1 employee- or community-owned enterprise1 start-ups1 and minority-run businesses2 7iii7 identify potential investment opportunities through the project identification methods described under subsection 7b72 and 7iv7 evaluate projects thoroughly1 applying the project eligibility criteria specified in this section or established by the ,governing ,board4 7,b7 ,project analysis ,in evaluating and selecting potential ,portfolio ,projects1 each ,,nia ,operating ,subsidiary1 acting through its ,project ,analysis and ,monitoring ,committee shall conduct the following3 7i7 ,financial analysis ,a financial analysis of expected direct and indirect revenues and costs associated with the project1 provided1 however1 that such financial analysis shall not constitute the sole or principal basis for the ,,nia ,operating ,subsidiary's decisions with respect to any project or investment4 7ii7 ,public economic benefit analysis ,a public economic benefit analysis1 including-- 7,i7 the projected impact on macroeconomic growth1 employment1 and similar metrics applied on local1 ,state1 regional1 or national levels2 and 7,,ii7 potential measurable benefits to affected communities1 businesses1 and other economic actors4 7iii7 ,environmental and social benefits analysis ,an environmental and social benefits analysis1 including-- 7,i7 reductions in emissions1 increased environmental sustainability1 and related metrics2 7,,ii7 long-term contribution to an environmentally sustainable and resilient economic growth2 7,,iii7 increased access to housing 7including through reduced costs of living71 employment 7including through reduced commute times and costs71 educational1 and other opportunities for communities2 and 7,,iv7 health benefits 7including through better or more equitable access to healthcare and wellness amenities74 7iv7 ,stakeholder impact analysis ,a stakeholder impact analysis1 including-- 7,i7 targeted benefits for disadvantaged communities and groups2 and 7,,ii7 identification of potential for cooperation and coordination with public and private constituencies4 7f7 ,investment ,advisory ,council 7#a7 ,in general ,to assist and advise the ,,nia ,operating ,subsidiaries on technical matters related to their respective investment and portfolio management strategies1 the ,governing ,board shall establish and appoint the ,investment ,advisory ,council1 a consultative body comprising individuals widely recognized for their expertise and experience in financial management1 investment banking1 infrastructure finance1 macroeconomic analysis1 urban planning1 and related fields4 7#b7 ,duties ,the ,investment ,advisory ,council shall provide technical advice to the ,,nia ,operating ,subsidiaries in order to assist with a more comprehensive assessment of investment opportunities and performance4 ,the ,investment ,advisory ,council's powers and duties shall be exclusively of advisory and consultative character4 7#c7 ,membership2 conflicts of interest ,the ,governing ,board shall-- 7,a7 determine the number1 qualifications1 selection and appointment procedures1 terms of service1 and rights and responsibilities of the ,investment ,advisory ,council members2 7,b7 establish rules and procedures governing the activities of the ,investment ,advisory ,council1 including rules and procedures for recusal or removal of individual members of the ,investment ,advisory ,council whose personal or professional interests may conflict1 or appear to conflict1 with the ,,nia's interests and objectives2 and 7,c7 oversee the operation of the ,investment ,advisory ,council on an ongoing basis4 #daf4 ,public accountability 7a7 ,periodic reports and congressional testimony 7#a7 ,reports ,the ,governing ,board shall submit to the ,president and ,congress1 within #ij days after the last day of each fiscal year1 a completed and detailed ,,nia ,annual ,report with respect to the preceding fiscal year1 setting forth-- 7,a7 the core principles1 objectives1 and implementation priorities of the ,national ,investment ,strategy over different time horizons2 7,b7 any changes1 revisions1 or adjustments to the ,national ,investment ,strategy and the ,,nia's developmental goals and priorities since the date of the last ,,nia ,annual ,report2 7,c7 the ,governing ,board's discussion and analysis of the ,,nia's financial results and condition1 overall performance of the ,,nia's statutory duties and public policy objectives1 and actions undertaken in pursuit of such objectives2 7,d7 the discussion and analysis of the environmental impact1 social and racial equity impact1 and labor and employment impact of the ,,nia's activities2 and 7,e7 any other information ,congress may request4 7#b7 ,testimony ,in conjunction with the submission of the ,,nia ,annual ,report1 the ,chair of the ,governing ,board1 along with the ,presidents of the ,,nib and other ,,nia ,operating ,subsidiaries1 shall provide written and oral testimony in ,congress on matters covered in the ,,nia ,annual ,report and related matters4 7b7 ,annual audits 7#a7 ,recordkeeping requirement ,the ,,nia and each ,,nia ,operating ,subsidiary shall maintain adequate books and records that correctly reflect the financial transactions1 condition1 and results of operation of the ,,nia or ,,nia ,operating ,subsidiary4 7#b7 ,audits 7,a7 ,,gao audit of ,,nia ,the ,comptroller ,general of the ,united ,states shall perform an annual audit of the ,,nia's consolidated books of account4 7,b7 ,special ,,nia ,audit ,panel 7i7 ,in general ,the ,comptroller ,general of the ,united ,states shall1 annually1 establish a ,special ,,nia ,audit ,panel to perform an independent audit of the financial performance of each ,,nia ,operating ,subsidiary4 7ii7 ,members ,the ,comptroller ,general shall ensure that each ,special ,,nia ,audit ,panel consists of-- 7,i7 representatives of the ,government ,accountability ,office2 and 7,,ii7 representatives of each ,u4,s4 public accounting firm of nationally recognized standing4 7#c7 ,accounting standards ,the ,,nia and ,,nia ,operating ,subsidiaries shall use generally accepted accounting practices or such other recommended accounting practices as the ,governing ,board determines appropriate4 7c7 ,public ,interest ,council 7#a7 ,establishment ,there is established the ,public ,interest ,council 7the ,council71 an independent advisory and consultative body1 which shall safeguard the effective representation and incorporation of the interests of the ,american people in the formulation and implementation of the ,national ,investment ,strategy and other activities of the ,,nia and the ,,nia ,operating ,subsidiaries4 7#b7 ,members ,the ,public ,interest ,council shall consist of #g members1 appointed by the ,president from among individuals who-- 7,a7 are academics1 community leaders1 consumer advocates1 etc42 7,b7 have demonstrated expertise in various areas relevant to the ,,nia's overall mission1 experience in community representation1 and reputation for integrity2 and 7,c7 do not have a conflict of interest4 7#c7 ,functions and powers ,the ,public ,interest ,council shall-- 7,a7 advise the ,governing ,board on matters of public policy and public well-being arising in the course of the activities of the ,,nia and ,,nia ,operating ,subsidiaries2 7,b7 provide an independent public interest-based perspective on substantive policy issues faced1 and strategic decisions made1 by the ,,nia and ,,nia ,operating ,subsidiaries in the course of fulfilling their statutory functions and responsibilities2 7,c7 inform and advise ,congress on matters of special public concern or significance1 as related to the operations of the ,,nia and ,,nia ,operating ,subsidiaries2 7,d7 recommend to ,congress and the ,governing ,board specific measures to-- 7i7 correct or improve the performance and impact of the ,,nia and ,,nia ,operating ,subsidiaries on the well-being of the ,american public2 or 7ii7 enhance the transparency of the actions and decisions of the ,,nia and ,,nia ,operating ,subsidiaries2 7,e7 have broad rights to request access to the books and records of the ,,nia and ,,nia ,operating ,subsidiaries and such other information necessary or helpful to the ,council in the performance of its duties2 7,f7 engage in an ongoing discussion and dialogue with communities1 public interest groups1 mass media1 and other public stakeholders1 for the purpose of keeping the ,american public informed about1 and collecting public feedback with respect to1 the activities and plans of the ,,nia and ,,nia ,operating ,subsidiaries2 and 7,g7 take any other actions necessary or incidental to any of the foregoing4 7#d7 ,congressional reports ,annually1 the ,public ,interest ,council shall prepare and submit to ,congress and the ,president a full report1 outlining the ,council's independent assessment of1 and recommendations related to1 the performance and the impact of the ,,nia and ,,nia ,operating ,subsidiaries on issues of public policy significance4 7#e7 ,staff ,the ,public ,interest ,council shall have full-time dedicated exclusively to supporting the ,council's performance of its powers and duties4 7#f7 ,funding ,there is appropriated1 out of any money in the ,treasury not otherwise appropriated1 #aj1jjj1jjj for fiscal year #bjbb and each fiscal year thereafter1 to carry out the functions of the ,public ,interest ,council4 ,b ,,nia ,regional ,offices #dba4 ,establishment 7a7 ,in general ,the ,governing ,board shall establish regional offices of the ,,nia in each of the following #ah geographic regions3 7#a7 ,region #a1 encompassing the ,states of ,maine1 ,vermont1 ,new ,hampshire1 ,massachusetts1 and ,rhode ,island4 7#b7 ,region #b1 encompassing the ,states of ,new ,york1 ,new ,jersey1 and ,connecticut4 7#c7 ,region #c1 encompassing the ,states of ,pennsylvania1 ,ohio1 ,west ,virginia1 ,delaware1 and ,kentucky4 7#d7 ,region #d1 encompassing the ,states of ,virginia1 ,maryland1 ,north ,carolina1 and ,south ,carolina and the ,district of ,columbia4 7#e7 ,region #e1 encompassing the ,states of ,tennessee1 ,mississippi1 ,alabama1 and ,arkansas4 7#f7 ,region #f1 encompassing the ,states of ,florida and ,georgia4 7#g7 ,region #g1 encompassing the ,states of ,michigan1 ,wisconsin1 ,indiana1 and ,illinois4 7#h7 ,region #h1 encompassing the ,states of ,minnesota1 ,iowa1 and ,missouri4 7#i7 ,region #i1 encompassing the ,states of ,kansas1 ,nebraska1 ,north ,dakota1 and ,south ,dakota4 7#aj7 ,region #aj1 encompassing the ,states of ,louisiana1 ,oklahoma1 and ,texas4 7#aa7 ,region #aa1 encompassing the ,states of ,montana1 ,wyoming1 and ,idaho4 7#ab7 ,region #ab1 encompassing the ,states of ,colorado1 ,utah1 and ,nevada4 7#ac7 ,region #ac1 encompassing the ,states of ,arizona and ,new ,mexico4 7#ad7 ,region #ad1 encompassing the state of ,california4 7#ae7 ,region #ae1 encompassing the ,states of ,washington and ,oregon4 7#af7 ,region #af1 encompassing the ,state of ,alaska4 7#ag7 ,region #ag1 encompassing the ,state of ,hawaii4 7#ah7 ,region #ah1 encompassing the territories of ,puerto ,rico1 ,guam1 ,u4,s4 ,virgin ,islands1 ,american ,samoa1 and ,northern ,mariana ,islands4 7b7 ,adjustments ,the ,governing ,board may adjust the composition of the regions described under subsection 7a7 from to time to time if the ,governing ,board determines it appropriate4 #dbb4 ,organization and structure 7a7 ,leadership ,subject to the rules and procedures established under section #dab7;d71 each regional office shall be headed by a ,director1 who shall be appointed by the ,governing ,board and be directly accountable to it4 7b7 ,,nia staff ,the ,director of each regional office shall appoint staff to provide regional support to the ,governing ,board in carrying out the duties of the ,governing ,board4 7c7 ,,nia ,operating ,subsidiaries ,the head of each ,,nia ,operating ,subsidiary shall locate staff within each regional office to provide the subsidiary with regional support in carrying out the duties of the subsidiary4 #dbc4 ,functions ,in addition to the functions described under section #dbb1 the regional offices shall-- 7#a7 serve as the key liaison between the ,,nia and ,state and local public authorities1 businesses1 and communities2 7#b7 participate in ,portfolio ,project identification1 selection1 and management1 in order to ensure effective representation of local and regional economic and community needs and interests and to provide an additional source of public accountability for the ,,nia2 7#c7 cooperate and coordinate the ,,nia's regional operations with the activities of regional ,federal reserve banks and other ,federal agencies2 and 7#d7 encourage the creation of1 and cooperate with1 ,state and local public banks1 development banks1 green banks1 and other public finance institutions4 ,c ,national ,infrastructure ,bank #dca4 ,establishment ,there is established1 as a ,government corporation subject to chapter #ia of title #ca1 ,united ,states ,code1 the ,national ,infrastructure ,bank 7,,nib74 #dcb4 ,functions 7a7 ,,nib mandate ,the mandate of the ,,nib shall be to implement the ,national ,investment ,strategy by engaging in credit market activities supporting public and private investment in ,critical ,public ,infrastructure projects4 7b7 ,powers ,the ,,nib shall have the following powers3 7#a7 ,to make senior or subordinated loans1 purchase senior or subordinated debt and equity securities1 or to enter into a binding commitment to do any of the foregoing1 the proceeds of which are to be used to finance or refinance the development of one or more ,critical ,public ,infrastructure projects4 7#b7 ,to issue guarantees4 7#c7 ,to issue and sell debt obligations of the ,,nib1 on secured or unsecured basis1 of such maturities and on such terms as the ,,nib ,board shall determine from time to time4 7#d7 ,to purchase in the open market any of ,,nib's outstanding obligations at any time and at any price the ,,nib ,board determines appropriate under the circumstances4 7#e7 ,to monitor and oversee ,portfolio ,projects financed1 in whole or in part1 by the ,,nib4 7#f7 ,to exercise all other lawful powers which are necessary or appropriate to carry out1 and are consistent with1 the purposes of the ,,nib4 7c7 ,investment priorities ,in carrying out the mandate of the ,,nib1 the ,,nib ,board shall1 subject to the rules established by the ,governing ,board under section #dae-- 7#a7 conduct risk analysis and manage portfolio risk2 7#b7 target investments based on their potential to produce long-term public benefits and have a long-term economic impact and not based solely on anticipated revenues or profit considerations2 7#c7 in carrying out direct lending activities1 target and prioritize projects that have some national socioeconomic significance but face difficulty in securing low-cost financing in traditional markets2 and 7#d7 in carrying out secondary market-making activities1 prioritize municipal bonds supporting public goods and projects1 by purchasing such bonds directly from ,state and local public issuers at favorable rates4 #dcc4 ,,nib ,governance 7a7 ,board of ,directors 7#a7 ,in general ,there is established the ,board of ,directors of the ,,nib1 which shall1 subject to the rules of the ,,nia established under section #dab7;c71 serve as the head of the ,,nib4 7#b7 ,membership ,the ,,nib ,board shall consist of the following #i members3 7,a7 ,class ,a directors ,three class ,a directors1 to be appointed by the ,president by and with the advice and consent of the ,senate-- 7i7 one of which shall be designated by the ,president as the ,president of the ,,nib2 and 7ii7 one of which shall be designated by the ,president as the ,vice ,president of the ,,nib4 7,b7 ,class ,b directors ,three class ,b directors1 to be appointed by the ,president1 by and with the advice and consent of the ,senate1 from among a pool of candidates nominated by the private sector4 7,c7 ,class ,c directors ,three class ,c directors1 to be appointed by the ,president1 by and with the advice and consent of the ,senate1 from among a pool of candidates nominated by labor1 environmental1 and other public interest organizations4 7#c7 ,qualifications ,class ,a and ,b directors shall be appointed from among individuals with proven technical expertise and experience in core fields1 including infrastructure finance1 banking1 public finance1 macroeconomics1 environmental science or engineering1 and such other non-financial disciplines as the ,governing ,board may determine appropriate4 7#d7 ,conflicts of interest ,the ,governing ,board shall establish strict conflicts-of-interest prohibitions applicable to class ,a and ,b directors4 7#e7 ,selection of entities nominating candidates ,the ,governing ,board shall establish policies and procedures for selecting which entities may nominate directors for the position of ,class ,b and ,c directors4 7#f7 ,terms of service 7,a7 ,in general ,the members of the ,,nib ,board shall serve a #aj-year term1 and members may not serve more than one term4 7,b7 ,staggered terms ,notwithstanding subparagraph 7,a7-- 7i7 in appointing the initial members of the ,,nib ,board1 the ,president shall stagger the terms of the initial members such that no more than one member's term ends in any one year2 and 7ii7 the initial members of the ,,nib ,board may be appointed to a second term4 7#g7 ,compensation 7,a7 ,president ,the ,president of the ,,nib shall be compensated at the rate of pay payable for a position at level ,i of the ,executive ,schedule under section #ecab of title #e1 ,united ,states ,code4 7,b7 ,other members ,the members of the ,,nib ,board other than the ,president shall be compensated at the rate of pay payable for a position at level ,,ii of the ,executive ,schedule under section #ecac of title #e1 ,united ,states ,code4 7b7 ,committees ,the ,,nib shall have the following committees3 7#a7 ,the ,executive ,committee1 which shall be comprised of the ,president of the ,,nib1 the ,vice ,president of the ,,nib1 and the executive officers described under subsection 7c74 7#b7 ,the ,risk ,management ,committee4 7#c7 ,the ,project ,analysis and ,monitoring ,committee4 7#d7 ,the ,audit and ,compliance ,committee4 7#e7 ,the ,policy ,impact ,committee1 which shall focus on macroeconomic analysis and policy1 community impact1 and labor-related standards4 7#f7 ,such other committees as the ,,nib ,board determines necessary4 7c7 ,executive officers ,the ,,nib ,board shall appoint1 remove1 fix the compensation1 and define duties of the ,,nib's executive officers1 who shall include-- 7#a7 the ,chief ,financial ,officer2 7#b7 the ,chief ,compliance ,officer2 7#c7 the ,chief ,risk ,officer2 7#d7 the ,chief ,operations ,officer2 7#e7 the ,general ,counsel2 and 7#f7 such other executive officers as the ,,nib ,board determines necessary4 7d7 ,bylaws ,the ,,nib ,board shall adopt bylaws and such other rules as are necessary for the proper management and functioning of the ,,nib4 #dcd4 ,project eligibility and selection 7a7 ,in general ,the ,,nib ,board shall establish eligibility and selection criteria for the ,,nib ,portfolio ,projects1 subject to the provisions of section #dae and the policies and procedures for project selection and performance established by the ,governing ,board under section #dae7;e77#b74 7b7 ,specific criteria ,in establishing the criteria required under subsection 7a71 the ,,nib ,board shall prioritize providing credit support and technical assistance to ,state1 ,tribal1 and local authorities and other public entities1 for purposes of financing ,critical ,public ,infrastructure4 ,v ,homeownership investments #eja4 ,first-generation downpayment assistance 7a7 ,downpayment program 7#a7 ,establishment ,the ,secretary of ,housing and ,urban ,development shall carry out a program under this section to provide grants to ,states and eligible entities to provide financial assistance under this section to first-generation homebuyers to assist them with acquiring owner-occupied primary residences4 7#b7 ,allocation ,after reserving amounts as required under subsections 7e77#d7 and 7g77#b71 any remaining amounts made available to carry out this section shall be allocated as follows3 7,a7 ,states ,seventy-five percent of such amounts shall be allocated among ,states in accordance with a formula established by the ,secretary1 which shall take into consideration-- 7i7 adult population size 7excluding existing homeowners72 7ii7 median area home prices2 and 7iii7 racial disparities in homeownership rates4 7,b7 ,eligible entities ,twenty-five percent of such amounts shall be made available only to eligible entities on a competitive basis4 7#c7 ,assistance ,amounts from a grant under this section shall be used only to provide assistance-- 7,a7 on behalf of a qualified homebuyer2 and 7,b7 for-- 7i7 costs in connection with the acquisition1 involving an eligible mortgage loan1 of an eligible home1 including downpayment costs1 closing costs1 and costs to reduce the rates of interest on eligible mortgage loans2 7ii7 for subsidies to make shared equity homes affordable to eligible homebuyers by discounting the price for which the home will be sold and to preserve the home's affordability for subsequent eligible buyers2 and 7iii7 for pre-occupancy home modifications required to accommodate qualified homebuyers or members of their household with disabilities4 7#d7 ,amount ,a grant of assistance under this section-- 7,a7 may be provided on behalf of any qualified homebuyer only once2 and 7,b7 may not exceed #bj1jjj1 or #be1jjj in the case of a qualified homebuyer who is a socially and economically disadvantaged individual1 except that the ,secretary may increase such maximum limitation amounts in the case of qualified homebuyers acquiring residences located in high-cost areas1 as determined based on median home prices or prices of residences under a shared equity homeownership program4 7#e7 ,layering of assistance ,assistance from grant amounts under this section may be provided on behalf of a qualified homebuyer who is receiving assistance from other sources1 including other ,state1 ,federal1 local1 private1 public1 and nonprofit sources1 for acquisition of an eligible home4 7#f7 ,state administration 7,a7 ,in ,general ,the ,secretary shall require that each ,state receiving grant amounts under this section administer the program to provide assistance with such amounts through the ,state housing finance agency for the ,state or such other housing agency of the ,state as the ,secretary finds appropriate1 except that any such agency may1 at the option of the agency1 contract with a nonprofit entity1 including a housing counseling agency approved by the ,secretary1 to administer such assistance4 7,b7 ,affirmatively furthering fair housing ,for a ,state to be eligible for a grant under this section1 the ,state shall be in compliance with the ,secretary's regulations implementing the requirement under section #hjh7;e77#e7 of the ,fair ,housing ,act 7#db ,u4,s4,c4 #cfjh7;e77#e77 to affirmatively further fair housing4 7,c7 ,prohibition of priority ,in selecting qualified homebuyers for assistance with grant amounts under this section1 a ,state or eligible entity may not provide any priority or preference for homebuyers who are acquiring eligible homes with a mortgage loan made1 insured1 guaranteed1 or otherwise assisted by the ,state housing finance agency for the ,state1 any other housing agency of the ,state1 or an eligible entity when applicable4 7#g7 ,reallocation of ,state amounts ,the ,secretary shall reallocate any grant funds under this section allocated for a fiscal year that remain unused at the end of such fiscal year among ,states and eligible entities that demonstrate to the ,secretary the capacity to expend such amounts and that are satisfactorily meeting the goals of the program under this section1 as determined by the ,secretary4 7#h7 ,uniformity and program standardization ,the ,secretary shall establish a uniform set of requirements to which each ,state and eligible entity receiving grant amounts under this section shall comply4 7b7 ,qualified homebuyers 7#a7 ,requirements ,assistance from grant amounts under this section may be provided only on behalf of a homebuyer who meets all of the following requirements3 7,a7 ,income ,the household of the homebuyer has an income that does not exceed-- 7i7 #abj percent of median income for the area 7as determined by the ,secretary7 within which-- 7,i7 the eligible home to be acquired using such assistance is located2 or 7,,ii7 the place of residence of the homebuyer is located2 or 7ii7 in the case of a homebuyer acquiring an eligible home that is located in a high-cost area as determined by the ,secretary1 #ahj percent of the median income for the area within which the eligible home to be acquired using such assistance is located4 7,b7 ,first-time homebuyer ,the homebuyer1 as self-attested by the homebuyer1 is a first-time homebuyer1 as such term is defined in section #ib4b of the ,secretary's regulations 7#bd ,c4,f4,r4 #ib4b71 except that for purposes of this paragraph the reference in such section #ib4b to the ,american ,dream ,downpayment ,initiative shall be considered to refer to the program under this section4 7,c7 ,first-generation homebuyer ,the homebuyer is1 as self-attested by the homebuyer-- 7i7 an individual-- 7,i7 whose parents or legal guardians do not have any present residential ownership interest in any ,state2 and 7,,ii7 whose spouse1 or domestic partner1 and each member of whose household has not1 during the #c-year period ending upon acquisition of the eligible home to be acquired using such assistance1 had any present ownership interest in a principal residence in any ,state2 or 7ii7 an individual who has at any time been placed in foster care4 7#b7 ,reliance on borrower attestations ,no creditor shall be subject to liability1 including monetary penalties or requirements to indemnify a ,federal agency or repurchase a loan that has been sold or securitized1 for the provision of downpayment assistance under this section to a borrower who does not meet the eligibility requirements if the creditor does so in good faith reliance on borrower attestations of eligibility required by this section or regulation4 7c7 ,eligible homes 7#a7 ,in general ,assistance from grant amounts under this section may be provided only in connection with the acquisition by a qualified homebuyer of a residential property that-- 7,a7 consists of #a to #d dwelling units2 and 7,b7 will be occupied by the qualified homebuyer1 in accordance with such assurances and commitments as the ,secretary shall require1 as the primary residence of the homebuyer1 subject to subsection 7b74 7#b7 ,repayment of assistance 7,a7 ,requirement ,the ,secretary shall require that1 if a homebuyer on behalf of whom assistance is provided from grant amounts under this section fails or ceases to occupy the property acquired using such assistance as the primary residence of the homebuyer1 except in the case of assistance is provided in connection with the purchase of a primary residence through a shared equity homeownership program1 the homebuyer shall repay to the ,secretary-- 7i7 #ajj percent of the amount of such assistance1 if such failure to occupy commences before the expiration of the #ab-month period beginning on the date of acquisition2 7ii7 #hj percent of the amount of such assistance1 if such failure to occupy commences after the expiration of the #ab-month period beginning on such date of acquisition but before the expiration of the #bd-month period beginning on such date of acquisition2 7iii7 #fj percent of the amount of such assistance1 if such failure to occupy commences after the expiration of the #bd-month period beginning on such date of acquisition but before the expiration of the #cf-month period beginning on such date of acquisition2 7iv7 #dj percent of the amount of such assistance1 if such failure to occupy commences after the expiration of the #cf-month period beginning on such date of acquisition but before the expiration of the #dh-month period beginning on such date of acquisition2 and 7v7 #bj percent of the amount of such assistance1 if such failure to occupy commences after the expiration of the #dh-month period beginning on such date of acquisition but before the expiration of the #fj-month period beginning on such date of acquisition4 7,b7 ,limitation ,notwithstanding subparagraph 7,a71 if a homebuyer on behalf of whom assistance is provided from grant amounts under this section experiences an unforeseen hardship1 such as death or military deployment1 or sells the property acquired with such assistance before the expiration of the #fj-month period beginning on such date of acquisition and the capital gains from such sale are less than the amount the homebuyer is required to repay the ,secretary under subparagraph 7,a71 the homebuyer shall not be liable to the ,secretary for repayment of the amount of such shortage4 7#c7 ,community land trusts and shared equity homeownership programs ,if assistance from grant amounts under this section are provided in connection with an eligible home made available through a community land trust or shared equity homeownership program1 such assistance shall remain in the community land trust or shared equity property upon transfer of the property to keep the home affordable to the next eligible community land trust or shared equity homebuyer4 7d7 ,eligible mortgage loans ,assistance from grant amounts under this section may be provided only in connection with the acquisition of an eligible home involving a residential mortgage loan that-- 7#a7 meets the underwriting requirements and dollar amount limitations for acquisition by the ,federal ,national ,mortgage ,association or the ,federal ,home ,loan ,mortgage ,corporation2 7#b7 is made1 insured1 or guaranteed under title ,,ii of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjg et seq47 or title ,v of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adga et seq472 7#c7 is a qualified mortgage1 as such term is defined in section #abi;,c7b77#b7 of the ,truth in ,lending ,act 7#ae ,u4,s4,c4 #afci;c7b77#b772 7#d7 is made1 insured1 or guaranteed under chapter #cg of title #ch1 ,united ,states ,code2 or 7#e7 is guaranteed under section #ahd of the ,housing and ,community ,development ,act of #aiib 7#ab ,u4,s4,c4 #agaez-#ac;a74 7e7 ,housing counseling requirement 7#a7 ,in general ,except as provided pursuant to subsection 7b71 assistance with grant amounts under this section may not be provided on behalf of qualified homebuyer unless such homebuyer has completed a program of counseling with respect to the responsibilities and financial management involved in homeownership before entering into a sales purchase agreement or loan application1 except as provided under paragraph 7#c71 as the ,secretary shall require1 provided through a counseling agency approved by the ,secretary4 ,such program may be delivered virtually1 by telephone1 or any other method the ,secretary determines acceptable and shall include providing information on fair housing rights and on the availability of post-purchase housing counseling opportunities and instruction on how to file a fair housing complaint4 7#b7 ,alternative requirement ,the ,secretary shall provide that if a qualified homebuyer is unable to complete the requirement under paragraph 7#a7 within #cj days due to housing counseling agency capacity issues1 a ,state or eligible entity may allow such qualified homebuyer to complete alternative homebuyer education to fulfill the requirement under paragraph 7#a71 including homebuyer education that is provided through an online platform1 and such qualified homebuyer shall be made aware of the availability of post-purchase housing counseling opportunities4 7#c7 ,referral upon mortgage denial ,the ,secretary shall require that any qualified homebuyer who has completed a counseling program referred to in paragraph 7#a7 or alternative requirement pursuant to paragraph 7#b71 who receives a commitment for assistance with grant amounts under this section and who applies for an eligible mortgage loan for acquisition of an eligible home and is denied such mortgage loan1 shall be referred to a counseling agency described in paragraph 7#a7 for counseling relating to such denial and for re-qualification4 ,an eligible homebuyer may be re-qualified at least one additional time in a calendar year1 or more as determined by the ,secretary4 7#d7 ,funding ,of any amounts appropriated to carry out this section1 the ,secretary shall use not less than #e percent for costs of providing counseling referred to in paragraph 7#a74 7f7 ,administrative costs ,of any grant amounts under this section received by a ,state or eligible entity1 the ,state or eligible entity may use not more than #e percent for administrative costs of and training for carrying out the program of the ,state or eligible entity to provide assistance with such grant amounts4 7g7 ,reports 7#a7 ,in general ,for each fiscal year during which the ,secretary makes grants under this section1 the ,secretary shall submit to the ,congress1 and make publicly available online in an easily accessible location on the website of the ,department1 a report that shall include-- 7,a7 demographic information regarding applicants for and recipients of assistance provided pursuant to this section1 including race1 ethnicity1 and gender2 7,b7 information regarding the types and amount of assistance provided1 including downpayment assistance1 assistance with closing costs1 and assistance to reduce mortgage loan interest rates2 7,c7 information regarding properties acquired using such assistance1 including location1 property value1 property type1 and first mortgage type and investor4 ,all data shall be disaggregated by zip code or census tract level1 whichever is most feasible1 and demographic information1 including race1 ethnicity1 and gender1 and any other data points the ,secretary deems appropriate especially to observe equitable outcomes to ensure the program is affirmatively furthering fair housing4 7#b7 ,capacity building ,of any amounts appropriated to carry out this section1 the ,secretary shall use not more than #a percent to assist ,states and eligible entities to develop capacity to meet the reporting requirements under paragraph 7#a74 ,the ,secretary shall encourage ,states and eligible entities to consult with community-based and nonprofit organizations that have as their mission to advance fair housing and fair lending4 7#c7 ,privacy requirements 7,a7 ,in general ,each ,state and eligible entity that receives a grant under this section shall establish data privacy and security requirements for the information described in paragraph 7#a7 that-- 7i7 include appropriate measures to ensure that the privacy of the individuals and households is protected2 7ii7 provide that the information1 including any personally identifiable information1 is collected and used only for the purpose of submitting reports under paragraph 7#a72 and 7iii7 provide confidentiality protections for data collected about any individuals who are survivors of intimate partner violence1 sexual assault1 or stalking4 7,b7 ,statistical research 7i7 ,in general ,the ,secretary-- 7,i7 may provide full and unredacted information provided under paragraph 7#a71 including personally identifiable information1 for statistical research purposes in accordance with existing law2 and 7,,ii7 may collect and make available for statistical research1 at the census tract level1 information collected under subparagraph 7,a74 7ii7 ,application of privacy requirements ,a recipient of information under clause 7i7 shall establish for such information the data privacy and security requirements described in subparagraph 7,a74 7h7 ,compelling interest study ,the ,secretary and the ,attorney ,general shall survey and compile evidence to determine whether or not there is a sufficient history of discrimination in housing and the appropriate remedy to redress such historic discrimination4 ,the ,secretary shall make conclusions and recommendations based on the evidence and provide ,states and eligible entities granted awards under this section an opportunity to modify their programs for assistance under this section according to such recommendations4 7i7 ,definitions ,for purposes of this section1 the following definitions shall apply3 7#a7 ,affirmatively further fair housing ,the term affirmatively further fair housing has the same meaning as defined by the ,secretary to implement section #hjh7;e77#e7 of the ,fair ,housing ,act 7#db ,u4,s4,c4 #cfjh7;e77#e774 7#b7 ,community land trust ,the term community land trust means a nonprofit organization or ,state or local governments or instrumentalities that-- 7,a7 use a ground lease or deed covenant with an affordability period of at least #cj years or more to-- 7i7 make homeownership units affordable to households2 and 7ii7 stipulate a preemptive option to purchase the affordable homeownership units so that the affordability of the units is preserved for successive income-eligible households2 and 7,b7 monitor properties to ensure affordability is preserved4 7#c7 ,eligible entity ,the term eligible entity means-- 7,a7 a minority depository institution1 as such term is defined in section #cjh of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #adfc note72 7,b7 a community development financial institution1 as such term is defined in section #ajc of the ,riegle ,community ,development and ,regulatory ,improvement ,act of #aiid 7#ab ,u4,s4,c4 #dgjb71 that is certified by the ,secretary of the ,treasury and targets services to minority and low-income populations and provides services in neighborhoods having high concentrations of minority and low-income populations2 and 7,c7 any other nonprofit1 mission-driven entity that the ,secretary finds targets services to minority and low-income populations and provides services in neighborhoods having high concentrations of minority and low-income populations4 7#d7 ,eligible home ,the term eligible home means a residential dwelling1 including a unit in a condominium or cooperative project or a manufactured housing unit1 that meets the requirements of subsection 7c74 7#e7 ,eligible mortgage loan ,the term eligible mortgage loan means a residential mortgage loan that meets the requirements of subsection 7d74 7#f7 ,qualified homebuyer ,the term qualified homebuyer means a homebuyer who meets the requirements of subsection 7b71 and includes homebuyers consisting of multiple individuals1 co-purchasers1 and multi-member households4 7#g7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7#h7 ,shared equity homeownership program 7,a7 ,in general ,the term shared equity homeownership program means affordable homeownership preservation through a resale restriction program administered by a community land trust1 other nonprofit organization1 or ,state or local government or instrumentalities4 7,b7 ,affordability requirements ,any such program under subparagraph 7,a7 shall-- 7i7 provide affordable homeownership opportunities to households2 and 7ii7 utilize a ground lease1 deed restriction1 subordinate loan1 or similar legal mechanism that includes provisions ensuring that the program shall-- 7,i7 maintain the homeownership unit as affordable for subsequent very low-1 low-1 or moderate-income families for an affordability term of at least #cj years after recordation2 7,,ii7 apply a resale formula that limits the homeowner's proceeds upon resale2 and 7,,iii7 provide the program administrator or such administrator's assignee a preemptive option to purchase the homeownership unit from the homeowner at resale4 7#i7 ,socially and economically disadvantaged individual ,the term socially and economically disadvantaged individual means an individual who meets the following requirements3 7,a7 ,social disadvantage 7i7 ,in general ,the individual is a member of a socially disadvantaged group1 whose members have historically been subjected to racial or ethnic discrimination within the ,united ,states because of their identity as members of such group without regard to their individual qualities4 7ii7 ,presumption2 rebuttal ,an individual identifying as ,black1 ,hispanic1 ,native ,american1 or ,asian ,american1 or any combination thereof1 shall be presumed to be socially disadvantaged for purposes of clause 7i74 ,such presumption may be rebutted by such individual with credible evidence to the contrary4 7iii7 ,burden of proof ,an individual who does not identify as described in clause 7ii7 shall be required to establish individual social disadvantage for purposes of clause 7i7 by a preponderance of the evidence4 7iv7 ,rules ,the ,secretary may issue regulations as necessary to establish procedures for complying with this subparagraph4 7,b7 ,economic disadvantage ,the individual has an income that meets the requirements under subsection 7b77#a74 7#aj7 ,state ,the term ,state means any ,state of the ,united ,states1 the ,district of ,columbia1 the ,commonwealth of ,puerto ,rico1 the ,united ,states ,virgin ,islands1 ,guam1 the ,commonwealth of the ,northern ,mariana ,islands1 ,american ,samoa1 and the tribal government of any ,indian tribe1 as such term is defined in section #d of the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #dajc74 7j7 ,regulations ,the ,secretary shall issue any regulations necessary to implement this section4 7k7 ,authorization of appropriations ,there is authorized to be appropriated for grants under this section #aj1jjj1jjj1jjj1 and any amounts appropriated pursuant to this section shall remain available until expended4 #ejb4 ,,fha-insured small dollar mortgage demonstration program 7a7 ,authority ,the ,secretary of ,housing and ,urban ,development shall carry out a demonstration program to make available ,,fha mortgage insurance to encourage lenders to originate small-dollar residential mortgage loans having an original principal balance of #ajj1jjj or less4 7b7 ,terms2 timing ,the ,secretary shall establish the terms and requirements of the demonstration program under this section not later than the expiration of the #ab-month period beginning on the date of the enactment of this ,act and shall begin processing applications from lenders for mortgage insurance under the demonstration program not later than the expiration of the #ah-month period beginning on such date of enactment4 7c7 ,limitation ,the aggregate original principal amount of mortgages insured under the demonstration program under this section may not exceed #dej1jjj4jjj4 7d7 ,authorization of appropriations ,there is authorized to be appropriated #aj1jjj1jjj for costs 7as such term is defined in section #ejb of the ,congressional ,budget ,act of #aigd 7#b ,u4,s4,c4 #ffa;a77 of the demonstration program under this section4 ,,vi ,equity and ,,hud capacity-building #fja4 ,fair housing enforcement 7a7 ,fair ,housing ,initiatives ,program ,there is authorized to be appropriated for the ,fair ,housing ,initiatives ,program under section #efa of the ,housing and ,community ,development ,act of #aihg 7#db ,u4,s4,c4 #cfaf;a7 #b1ejj1jjj1jjj1 to remain available until expended1 to ensure existing and newly created fair housing organizations have expanded and strengthened capacity to address fair housing inquiries and complaints2 conduct local1 regional1 and national testing and investigations2 conduct education and outreach activities2 and to address costs of delivering or adapting services in the wake of increased housing market activity and evolving business practices in the housing and lending markets4 7b7 ,fair ,housing ,assistance ,program ,there is authorized to be appropriated for the ,fair ,housing ,assistance ,program under the ,fair ,housing ,act 7#db ,u4,s4,c4 #cfja et seq47 #b1ejj1jjj1jjj1 to remain available until expended4 #fjb4 ,fair and equitable housing development requirements 7a7 ,in general ,the ,secretary of ,housing and ,urban ,development1 the ,secretary of ,agriculture1 the ,administrator of the ,federal ,emergency ,management ,agency1 and the ,secretary of the ,treasury shall require1 as part of application for a grant or funding made available pursuant to title ,i1 ,,ii1 ,,iii1 or ,v of this ,act-- 7#a7 7,a7 certification of consultation with a qualified fair housing enforcement organization1 as such term is defined in section #efa of the ,housing and ,community ,development ,act of #aihg 7#db ,u4,s4,c4 #cfaf;a72 or 7,b7 where there is no qualified fair housing enforcement organization that covers the relevant service area-- 7i7 a letter of support from a local government office that has as its mission to advance fair housing laws and anti-discrimination principles2 or 7ii7 where there is no local government office that has as its mission to advance fair housing laws and anti-discrimination principles1 a letter of support from a ,fair ,housing ,assistance ,program agency1 as such term is used in subpart ,c of title #bd1 ,code of ,federal ,regulations2 and 7#b7 a description of consultations made in accordance with paragraph 7#a7 that includes the name of the entity consulted1 a description of the nature of the consultation1 identification of any concerns raised during the consultation1 and an explanation of any changes made as a result of the consultation4 7b7 ,affirmatively furthering fair housing ,recipients of a grant or funding made available pursuant to funds under this ,act shall be in compliance with the ,secretary's regulations implementing the requirement under section #hjh7;e77#e7 of the ,fair ,housing ,act 7#db ,u4,s4,c4 #cfjh7;e77#e77 to affirmatively further fair housing4 7c7 ,funding ,of any amounts available pursuant to this ,act for administrative and planning costs for grants under this ,act1 not more than #j4e percent may be used to provide for consultations required under this section4 #fjc4 ,inclusion of minority and women's business enterprises 7a7 ,duty ,it shall be the duty of each relevant agency head-- 7#a7 to consult and cooperate with grantees and recipients1 when utilizing funds made available pursuant to this ,act1 to promote the inclusion of minority and women's business enterprises1 as defined in subsection 7b71 including to establish-- 7,a7 special consideration to increasing grantee and recipient outreach to minority and women's business enterprises to inform such businesses of hiring opportunities created through such funds2 and 7,b7 procurement goals for the utilization of minority and women's business enterprises2 and 7#b7 to convene meetings with leaders and officials of ,state and local governments1 tribal entities1 and public housing authorities for the purpose of recommending and promoting funding opportunities and initiatives needed to advance the position of minority and women's business enterprises when competing for funds made available pursuant to this ,act4 7b7 ,definitions ,for the purposes of this section1 the following definitions shall apply3 7#a7 ,minority ,the term minority has the meaning given such term in section #cjh7;b7 of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #adfc note7 and also includes any indigenous person in the ,united ,states or its territories4 7#b7 ,minority and women's business enterprise ,the term minority and women's business enterprise means a business at least #ea-percent owned and controlled by minority group members or women4 7#c7 ,relevant agency head ,the term relevant agency head means1 with respect to funds made available pursuant to any section of this ,act1 the head of the ,federal agency responsible for administering the program under which such funds are to be expended4 #fjd4 ,promoting housing accessibility and visitability 7a7 ,accessibility requirement ,the ,secretary of ,housing and ,urban ,development shall issue a rule amending sections #h4bb and #h4bc of title #bd1 ,code of ,federal ,regulations to require that-- 7#a7 not less than #aj percent of total dwelling units or one dwelling unit1 whichever is greater1 in each multifamily housing project shall be accessible for persons with mobility impairments2 and 7#b7 in addition to the units meeting the requirements of paragraph 7#a71 not less than #e percent of total dwelling units or one dwelling unit1 whichever is greater1 in each multifamily housing project shall be shall be accessible for persons with hearing or vision impairments4 7b7 ,visitability requirement 7#a7 ,requirement ,it shall be unlawful for any person or entity1 with respect to a covered dwelling unit designed1 constructed1 or commissioned1 contracted1 or otherwise arranged for construction1 by the person or entity1 to fail to ensure that the dwelling unit contains not less than #a level that complies with the ,standards for ,type ,c 7,visitable7 ,units of the ,american ,national ,standards ,institute 7commonly known as ,,ansi7 ,standards for ,accessible and ,usable ,buildings and ,facilities 7section #ajje of ,,icc ,,ansi ,a#aag4a-bjji7 or any successor standard4 7#b7 ,definitions ,as used in this subsection3 7,a7 ,covered dwelling unit ,the term covered dwelling unit means a dwelling unit that-- 7i7 is-- 7,i7 a detached single-family house2 7,,ii7 a townhouse or multi-level dwelling unit 7whether detached or attached to other units or structures72 or 7,,iii7 a ground-floor unit in a building of not more than #c dwelling units2 7ii7 is designed as1 or intended for occupancy as1 a residence2 7iii7 was designed1 constructed1 or commissioned1 contracted1 or otherwise arranged for construction1 by any person or entity that1 at any time before the design or construction1 received or was guaranteed ,federal financial assistance for any program or activity relating to the design1 construction1 or commissioning1 contracting1 or other arrangement for construction1 of the dwelling unit2 and 7iv7 is made available for first occupancy on or after the date that is #a year after the date of enactment of this ,act4 7,b7 ,federal financial assistance ,the term ,federal financial assistance means-- 7i7 any assistance that is provided or otherwise made available by the ,secretary of ,housing and ,urban ,development or the ,secretary of ,veterans ,affairs1 or under any program or activity of the ,department of ,housing and ,urban ,development or the ,department of ,veterans ,affairs1 through any grant1 loan1 contract1 or any other arrangement1 on or after the date that is #a year after the date of enactment of this ,act1 including-- 7,i7 a grant1 a subsidy1 or any other funds2 7,,ii7 service provided by a ,federal employee2 7,,iii7 real or personal property or any interest in or use of such property1 including-- 7aa7 a transfer or lease of the property for less than the fair market value or for reduced consideration2 and 7bb7 proceeds from a subsequent transfer or lease of the property if the ,federal share of the fair market value is not returned to the ,federal ,government2 7,,iv7 any-- 7aa7 tax credit2 or 7bb7 mortgage or loan guarantee or insurance2 and 7,v7 community development funds in the form of an obligation guaranteed under section #ajh of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjh72 and 7ii7 any assistance that is provided or otherwise made available by the ,secretary of ,agriculture under title ,v of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adga et seq474 #fje4 ,reports on outcomes 7a7 ,in general ,the ,secretary of ,housing and ,urban ,development1 in coordination with the ,secretary of the ,treasury1 the ,administrator of the ,federal ,emergency ,management ,agency1 and the ,secretary of ,agriculture1 shall submit a report to the ,congress on an annual basis until all funds made available pursuant to this ,act are expended1 that provides a summary of outcomes for each program for which such funds were made available1 disaggregated at the census tract level or block group level1 when available1 that shall include1 to the maximum extent possible1 identification for the preceding year of-- 7#a7 the total number of housing units produced1 rehabilitated1 or mitigated using such funds2 7#b7 the percentage of such housing units that are affordable to low-1 to very low-1 and to extremely low-income households2 7#c7 the number of such housing units that are located in high-poverty census tracts2 7#d7 the number of such housing units that are located in low-poverty census tracts2 7#e7 the number of such housing units located in areas where the percentage of households in a racial or ethnic minority group-- 7,a7 is at least #bj percentage points higher than the percentage of that minority group for the ,metropolitan ,statistical ,area2 7,b7 is at least #bj percentage points higher than the percentage of all minorities for the ,metropolitan ,statistical ,area2 or 7,c7 exceeds #ej percent of the population2 7#f7 the number of such housing units with three or more bedrooms2 7#g7 the number of such housing units located in qualified opportunity zones designated pursuant to section #adjj,z-#a of the ,internal ,revenue ,code of #aihf2 7#h7 the number of such housing units that are in compliance with the design and construction requirements of the ,department of ,housing and ,urban ,development under section #ajj4bje of title #bd1 ,code of ,federal ,regulations2 and 7#i7 any other information that the ,secretary of ,housing and ,urban ,development considers appropriate to illustrate the number of housing units made available and accessible to protected classes under the ,fair ,housing ,act 7#db ,u4,s4,c4 #cfja et seq471 disaggregated by protected class4 7b7 ,funding ,of any amounts available pursuant to this ,act for administrative and planning costs for grants under this title1 not more than #j4e percent may be used to provide for consultations required under this section4 ,the ,secretary shall encourage recipients of funds under this ,act to consult with community-based and nonprofit organizations that have as their mission to advance fair housing and fair lending to meet the requirements under this section4 #fjf4 ,,hud salaries and expenses ,there is authorized to be appropriated #e1jjj1jjj1jjj for salaries and expenses of the ,department of ,housing and ,urban ,development for costs of carrying out this ,act4