,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #feaf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #bh1          
#bjbb,mrs4 ,bu/os 7= h]self & ,mr4      
,katko7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to provide = !    
,neighborhood ,re9ve/m5t ,corporation to
 make grants to c>ry out neighborhood   
revitalization activities1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,neighborhood ,re9ve/m5t & 
,revitalization ,act ( #bjbb4  #b4      
,neighborhood revitalization grants  7a7
 ,au?ority ,! ,neighborhood ,re9ve/m5t  
,corporation 79 ?is section ref]r$ to z 
! ,corporation71 e/abli%$ "u !          
,neighborhood ,re9ve/m5t ,corporation   
,act 7#db ,u4,s4,c4 #haja et seq471 %all
 c>ry out a program "u ?is section to   
make grants to its own *>t] memb]s to   
support neighborhood revitalization     
activities1 includ+ demolition &        
rehabilitation ( ab&on$ & di/ress$      
prop]ties1 to be c>ri$ out 9 areas hav+ 

conc5trations ( su* prop]ties4  7b7 ,use
 guidel9es ,am\nts f grants "u ! program
 "u ?is section %all be us$ 9 accordance
 ) guidel9es e/abli%$ by ! ,corporation 
consi/5t ) ! au?ority "u section        
#fjf7;a77#e7 ( ! ,neighborhood          
,re9ve/m5t ,corporation ,act 7#db       
,u4,s4,c4 #haje7;a77#e774  7c7          
,competition guidel9es ,grants "u ?is   
section may be made only on a           
competitive basis 9 accordance )        
competition guidel9es1 :i* %all be      
e/abli%$ by ! ,corporation4  7d7 ,report
 to ,congress ,n lat] ?an #ahj days aft]
 ! date t am\nts are fir/ appropriat$ to
 c>ry out ?is section1 ! ,corporation   
%all submit to ! ,congress a report     
reg>d+ ! program = grants "u ?is section
 t %all include-- 7#a7 ! guidel9es = use
 ( grants e/abli%$ pursuant to          
subsection 7b72 &  7#b7 ! guidel9es =   
competition = grants e/abli%$ pursuant  
to subsection 7c74  7e7 au?orization (  
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,corporation           

#be1jjj1jjj = fiscal ye> #bjbb = grants 
"u ?is section4