,i #aagth ,,congress #b;d ,session ,h4 ,r4 #ggci ,,in ,,the ,,house ,,of ,,representatives ,may #ab1 #bjbb,ms4 ,clarke of ,new ,york 7for herself1 ,mr4 ,johnson of ,georgia1 ,ms4 ,lee of ,california1 ,ms4 ,ocasio-,cortez1 ,ms4 ,norton1 ,mr4 ,bowman1 ,mr4 ,torres of ,new ,york1 ,mrs4 ,watson ,coleman1 ,mr4 ,evans1 ,mr4 ,brown of ,maryland1 ,mr4 ,jeffries1 ,mr4 ,nadler1 ,mr4 ,rush1 ,mr4 ,lieu1 ,mr4 ,jones1 ,ms4 ,meng1 ,ms4 ,titus1 ,mr4 ,carson1 ,mr4 ,grijalva1 ,mrs4 ,cherfilus-,mc,cormick1 ,ms4 ,pressley1 ,ms4 ,schakowsky1 ,mr4 ,veasey1 ,mr4 ,espaillat1 ,mr4 ,carter of ,louisiana1 ,ms4 ,kelly of ,illinois1 ,mr4 ,meeks1 ,mrs4 ,carolyn ,b4 ,maloney of ,new ,york1 ,ms4 ,velzquez1 ,mr4 ,butterfield1 ,mrs4 ,beatty1 ,mrs4 ,lawrence1 ,mr4 ,danny ,k4 ,davis of ,illinois1 ,ms4 ,bass1 ,mr4 ,garca of ,illinois1 and ,mr4 ,perlmutter7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to increase the supply of1 and lower rents for1 affordable housing and to assess calculations of area median income for purposes of ,federal low-income housing assistance1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,affordable ,housing and ,area ,median ,income ,fairness ,act of #bjbb4 #b4 ,urgent support for affordable housing infrastructure 7a7 ,home ,investment partnerships program 7#a7 ,authorization of appropriations ,there is authorized to be appropriated to carry out title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #agba et seq47 #e1jjj1jjj1jjj for each of fiscal years #bjbc through #bjcb4 7#b7 ,limitation ,any amounts appropriated pursuant to paragraph 7#a7 shall be used only for assistance for any area within a jurisdiction for which the ,secretary has applied a high housing cost adjustment4 7b7 ,community development block grants 7#a7 ,authorization of appropriations ,there is authorized to be appropriated for community development block grant assistance under section #ajf of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjf7 #e1jjj1jjj1jjj for each of fiscal years #bjbc through #bjcb4 7#b7 ,limitation ,any amounts appropriated pursuant to paragraph 7#a7 shall be used only for assistance for any area within a jurisdiction for which the ,secretary has applied a high housing cost adjustment4 7c7 ,housing ,trust ,fund 7#a7 ,authorization of appropriations ,there is authorized to be appropriated to the ,housing ,trust ,fund established under section #acch7;a7 of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #defh7;a77 #e1jjj1jjj1jjj for each of fiscal years #bjbc through #bjcb4 7#b7 ,limitation ,any amounts appropriated pursuant to paragraph 7#a7 shall be used only for assistance for any area within a jurisdiction for which the ,secretary has applied a high housing cost adjustment4 #c4 ,assessment regarding optimizing use of area median income to support affordable housing in urban areas 7a7 ,assessment of alternative calculation methods ,not later than #ahj days after the date of the enactment of this ,act1 the ,secretary shall commence an assessment of alternative methods for calculating area median income1 and the use of alternative metrics1 for programs administered by the ,secretary that would make housing more affordable for low-income families residing in urban areas nationwide1 which shall include analysis of the topics identified in subsection 7b74 7b7 ,report ,not later than two years after the date of the enactment of this ,act1 the ,secretary shall submit to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 and make publicly available1 a report setting forth the results of the assessment conducted pursuant to subsection 7a71 which shall include-- 7#a7 a review and summarization of significant findings and recommendations from any related previous reports regarding area median income2 7#b7 an assessment of the extent and impacts of the affordable housing crisis in urban areas nationwide1 particularly within jurisdictions for which the ,secretary has applied a high housing cost adjustment1 including a comparison of rent burdens for very low-income households in jurisdictions with and without high housing cost adjustments2 7#c7 an analysis and assessment of the effects that high housing cost adjustments have had on income limits and rent prices in jurisdictions for which the ,secretary has applied such an adjustment1 including any effects on maximum rents allowed under sections #db and #adb of the ,internal ,revenue ,code of #aihf for tax-subsidized units2 7#d7 an updated assessment of the potential impacts to affordable housing1 particularly on income limits and rent prices1 of calculating area median income on a ,,zip ,code level basis and using other localized methodologies2 7#e7 a process through which ,state housing authorities may designate area median income jurisdictions within that ,state2 7#f7 an assessment of alternative metrics to area median income for the purposes of setting income levels and related thresholds for affordable housing programs administered by the ,secretary2 7#g7 recommendations for how the ,secretary could reform or eliminate use of area median income for the purposes of making housing more affordable for low-income and middle class families in urban areas2 7#h7 any further recommendations for how the ,secretary could use existing authorities to make housing more affordable for low-income and middle class families in urban areas1 particularly for such families for which the ,secretary has applied a high housing cost adjustment2 and 7#i7 an assessment of the impacts that ,westchester and ,rockland ,counties in ,new ,york ,state have on the ,city of ,new ,york's area median income1 related metrics1 and affordable housing supply1 including on income limits and maximum rent prices for affordable housing units within the jurisdiction of the ,city of ,new ,york4 7c7 ,methodology ,not later than #de days after the date of the enactment of this ,act1 the ,secretary shall submit a report to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate describing the methodology that will be used to conduct the assessment under this section4 #d4 ,definitions ,for purposes of this ,act1 the following definitions shall apply3 7#a7 ,area median income ,the term area median income means median income for an area1 as such term is used in section #c7;b7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;a7b771 median family income1 and any other substantively similar metric that the ,secretary uses to refer to the median income level for a given area or jurisdiction for purposes of any program administered by the ,secretary4 7#b7 ,high housing cost adjustment ,the term high housing cost adjustment means an adjustment for high housing costs or high construction costs1 or any substantively similar adjustment that the ,secretary may use to increase income limits for areas where the cost of housing is abnormally high compared to the median income for such area1 for purposes of any program administered by the ,secretary4 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4