,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #ggci  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ab1 #bjbb,ms4   
,cl>ke ( ,new ,york 7= h]self1 ,mr4     
,johnson ( ,georgia1 ,ms4 ,lee (        
,cali=nia1 ,ms4 ,ocasio-,cortez1 ,ms4   
,norton1 ,mr4 ,b[man1 ,mr4 ,torres (    
,new ,york1 ,mrs4 ,watson ,coleman1 ,mr4
 ,evans1 ,mr4 ,br[n ( ,m>yl&1 ,mr4      
,jeffries1 ,mr4 ,nadl]1 ,mr4 ,ru%1 ,mr4 
,lieu1 ,mr4 ,jones1 ,ms4 ,m5g1 ,ms4     
,titus1 ,mr4 ,c>son1 ,mr4 ,grijalva1    
,mrs4 ,*]filus-,mc,cormick1 ,ms4        
,pressley1 ,ms4 ,s*ak[sky1 ,mr4 ,veasey1
 ,mr4 ,espaillat1 ,mr4 ,c>t] (          
,l\isiana1 ,ms4 ,kelly ( ,ill9ois1 ,mr4 
,meeks1 ,mrs4 ,c>olyn ,b4 ,maloney (    
,new ,york1 ,ms4 ,velzquez1 ,mr4        
,butt]field1 ,mrs4 ,beatty1 ,mrs4       
,lawr5ce1 ,mr4 ,danny ,k4 ,davis (      
,ill9ois1 ,ms4 ,bass1 ,mr4 ,g>ca (      
,ill9ois1 & ,mr4 ,p]lmutt]7 introduc$ ! 
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to increase ! supply (1 & l[]  

r5ts =1 af=dable h\s+ & to assess       
calculations ( area m$ian income =      
purposes ( ,f$]al l[-income h\s+        
assi/ance1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,af=dable ,h\s+ & ,area ,m$ian ,income  
,fairness ,act ( #bjbb4  #b4 ,urg5t     
support = af=dable h\s+ infra/ructure   
7a7 ,home ,inve/m5t p>tn]%ips program   
7#a7 ,au?orization ( appropriations ,!re
 is au?oriz$ to be appropriat$ to c>ry  
out title ,,ii ( ! ,cran/on-,gonzalez   
,national ,af=dable ,h\s+ ,act 7#db     
,u4,s4,c4 #agba et seq47 #e1jjj1jjj1jjj 
= ea* ( fiscal ye>s #bjbc ?r\gh #bjcb4  
7#b7 ,limitation ,any am\nts appropriat$
 pursuant to p>agraph 7#a7 %all be us$  
only = assi/ance = any area )9 a        
jurisdiction = :i* ! ,secret>y has      
appli$ a high h\s+ co/ adju/m5t4  7b7   
,community developm5t block grants  7#a7
 ,au?orization ( appropriations ,!re is 
au?oriz$ to be appropriat$ = community  
developm5t block grant assi/ance "u     
section #ajf ( ! ,h\s+ & ,community     

,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecjf7 #e1jjj1jjj1jjj = ea* ( fiscal    
ye>s #bjbc ?r\gh #bjcb4  7#b7           
,limitation ,any am\nts appropriat$     
pursuant to p>agraph 7#a7 %all be us$   
only = assi/ance = any area )9 a        
jurisdiction = :i* ! ,secret>y has      
appli$ a high h\s+ co/ adju/m5t4  7c7   
,h\s+ ,tru/ ,fund  7#a7 ,au?orization ( 
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,h\s+ ,tru/ ,fund      
e/abli%$ "u section #acch7;a7 ( ! ,f$]al
 ,h\s+ ,ent]prises ,f9ancial ,safety &  
,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4   
#defh7;a77 #e1jjj1jjj1jjj = ea* ( fiscal
 ye>s #bjbc ?r\gh #bjcb4  7#b7          
,limitation ,any am\nts appropriat$     
pursuant to p>agraph 7#a7 %all be us$   
only = assi/ance = any area )9 a        
jurisdiction = :i* ! ,secret>y has      
appli$ a high h\s+ co/ adju/m5t4  #c4   
,assessm5t reg>d+ optimiz+ use ( area   
m$ian income to support af=dable h\s+ 9 
urban areas  7a7 ,assessm5t ( alt]native
 calculation me?ods ,n lat] ?an #ahj    

days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y %all comm5ce an       
assessm5t ( alt]native me?ods =         
calculat+ area m$ian income1 & ! use (  
alt]native metrics1 = programs adm9i/]$ 
by ! ,secret>y t w\ld make h\s+ m       
af=dable = l[-income families resid+ 9  
urban areas nationwide1 :i* %all include
 analysis ( ! topics id5tifi$ 9         
subsection 7b74  7b7 ,report ,n lat] ?an
 two ye>s aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,secret>y %all submit to !     
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate1 & make publicly available1 a    
report sett+ =? ! results ( ! assessm5t 
conduct$ pursuant to subsection 7a71 :i*
 %all include-- 7#a7 a review &         
summ>ization ( significant f9d+s &      
recomm5dations f any relat$ previ\s     
reports reg>d+ area m$ian income2  7#b7 
an assessm5t ( ! ext5t & impacts ( !    
af=dable h\s+ crisis 9 urban areas      
nationwide1 p>ticul>ly )9 jurisdictions 

= :i* ! ,secret>y has appli$ a high h\s+
 co/ adju/m5t1 includ+ a comp>ison ( r5t
 burd5s = v l[-income h\seholds 9       
jurisdictions ) & )\t high h\s+ co/     
adju/m5ts2  7#c7 an analysis & assessm5t
 ( ! effects t high h\s+ co/ adju/m5ts h
 _h on income limits & r5t prices 9     
jurisdictions = :i* ! ,secret>y has     
appli$ su* an adju/m5t1 includ+ any     
effects on maximum r5ts all[$ "u        
sections #db & #adb ( ! ,int]nal ,rev5ue
 ,code ( #aihf = tax-subsidiz$ units2   
7#d7 an updat$ assessm5t ( ! pot5tial   
impacts to af=dable h\s+1 p>ticul>ly on 
income limits & r5t prices1 ( calculat+ 
area m$ian income on a ,,zip ,code level
 basis & us+ o!r localiz$ me?odologies2 
7#e7 a process ?r\gh :i* ,/ate h\s+     
au?orities may designate area m$ian     
income jurisdictions )9 t ,/ate2  7#f7  
an assessm5t ( alt]native metrics to    
area m$ian income = ! purposes ( sett+  
income levels & relat$ ?re%olds =       
af=dable h\s+ programs adm9i/]$ by !    
,secret>y2  7#g7 recomm5dations = h[ !  

,secret>y c\ld re=m or elim9ate use (   
area m$ian income = ! purposes ( mak+   
h\s+ m af=dable = l[-income & middle    
class families 9 urban areas2  7#h7 any 
fur!r recomm5dations = h[ ! ,secret>y   
c\ld use exi/+ au?orities to make h\s+ m
 af=dable = l[-income & middle class    
families 9 urban areas1 p>ticul>ly = su*
 families = :i* ! ,secret>y has appli$ a
 high h\s+ co/ adju/m5t2 &  7#i7 an     
assessm5t ( ! impacts t ,we/*e/] &      
,rockl& ,c\nties 9 ,new ,york ,/ate h on
 ! ,city ( ,new ,york's area m$ian      
income1 relat$ metrics1 & af=dable h\s+ 
supply1 includ+ on income limits &      
maximum r5t prices = af=dable h\s+ units
 )9 ! jurisdiction ( ! ,city ( ,new     
,york4  7c7 ,me?odology ,n lat] ?an #de 
days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y %all submit a report  
to ! ,committee on ,f9ancial ,s]vices ( 
! ,h\se ( ,repres5tatives & ! ,committee
 on ,bank+1 ,h\s+1 & ,urban ,affairs ( !
 ,s5ate describ+ ! me?odology t w be us$
 to conduct ! assessm5t "u ?is section4 

#d4 ,def9itions ,= purposes ( ?is ,act1 
! foll[+ def9itions %all apply3 7#a7    
,area m$ian income ,! t]m area m$ian    
income means m$ian income = an area1 z  
su* t]m is us$ 9 section #c7;b7 ( !     
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;a7b771 m$ian family     
income1 & any o!r sub/antively simil>   
metric t ! ,secret>y uses to ref] to !  
m$ian income level = a giv5 area or     
jurisdiction = purposes ( any program   
adm9i/]$ by ! ,secret>y4  7#b7 ,high    
h\s+ co/ adju/m5t ,! t]m high h\s+ co/  
adju/m5t means an adju/m5t = high h\s+  
co/s or high con/ruction co/s1 or any   
sub/antively simil> adju/m5t t !        
,secret>y may use to increase income    
limits = areas :]e ! co/ ( h\s+ is      
abnormally high comp>$ to ! m$ian income
 = su* area1 = purposes ( any program   
adm9i/]$ by ! ,secret>y4  7#c7 ,secret>y
 ,! t]m ,secret>y means ! ,secret>y (   
,h\s+ & ,urban ,developm5t4