,,ii  #aagth ,,congress  #b;d ,session  
,s4 #dgcg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #b1    
#bjbb,mr4 ,warnock introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require the ,secretary of   
,housing and ,urban ,development to     
collect and make publicly available data
 on properties receiving an allocation  
of credit under the low-income housing  
tax credit1 and for other purposes4  #a4
 ,short title ,this ,act may be cited as
 the ,housing ,market ,transparency     
,act4  #b4 ,,hud reporting and          
transparency on low-income housing tax  
credit projects  7a7 ,definitions ,in   
this section3 7#a7 ,covered property    
,the term covered property means a      
building receiving an allocation of     
credit under section #db of the         
,internal ,revenue ,code of #aihf4  7#b7
 ,secretary ,the term ,secretary means  
the ,secretary of ,housing and ,urban   

,development4  7b7 ,collection of       
information  7#a7 ,in general ,the      
,secretary shall regularly collect and  
maintain data on covered properties1    
including-- 7,a7 development costs1     
including general contractor costs2     
7,b7 ownership data2  7,c7 whether the  
owner is a pass-through entity2  7,d7   
the most recent habitability standards2 
7,e7 in the case of disposition of a    
covered property1 the reason for the    
disposition1 such as sale1 foreclosure1 
or destruction2  7,f7 the expiration    
date of affordable use provisions2  7,g7
 whether the owner has waived the right 
to a qualified contract2  7,h7 the most 
recent inspection and habitability      
information2 and  7,i7 any other data   
determined relevant by the ,secretary4  
7#b7 ,provision of data ,each ,state    
agency administering credits under      
section #db of the ,internal ,revenue   
,code of #aidf for covered properties   
shall1 not later than #ah months after  
the date on which each such covered     

property is placed in service and       
annually thereafter1 submit to the      
,secretary the data required to be      
collected under paragraph 7#a7 with     
respect to those covered properties4    
7#c7 ,standards and definitions ,the    
,secretary shall-- 7,a7 establish       
standards and definitions for the data  
collected under paragraph 7#a72  7,b7   
provide ,states with technical          
assistance to establish systems to      
compile and submit data to the          
,secretary under paragraph 7#b72 and    
7,c7 in coordination with other ,federal
 agencies administering housing         
assistance programs1 establish          
procedures to minimize duplicative      
reporting requirements for covered      
properties assisted under multiple      
housing programs4  7#d7 ,reporting ,the 
,secretary shall-- 7,a7 not less        
frequently than annually1 compile and   
make publicly available the data        
collected under paragraph 7#a71 other   
than the date described in subparagraph 

7,a7 of that paragraph2 and  7,b7       
periodically assess and issue a public  
report on covered properties and the    
general multifamily housing development 
market4  7#e7 ,properties no longer in  
compliance ,with respect to a covered   
property that will no longer be eligible
 for an allocation of credit under      
section #db of the ,internal ,revenue   
,code of #aihf before the end of a given
 year1 the ,secretary shall collect data
 under paragraph 7#a7 on the final owner
 or purchaser of the covered property1  
including whether the purchaser is a    
nonprofit entity4