,,ii  #aag? ,,congress  #a/ ,session    
,s4 #ehj  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #c1 #bjba,mrs4    
,fe9/e9 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to reau?orize ! ,neighborhood  
,/abilization ,program1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,af=dable ,h\s+            
,r$evelopm5t ,act4  #b4 ,f9d+s ,congress
 f9ds t-- 7#a7 ev5 be=e ! economic      
h>d%ip caus$ by ! ,,covid-#ai p&emic1 ! 
,unit$ ,/ates fac$ a %ortage ( m ?an    
#g1jjj1jjj af=dable r5tal homes to meet 
! ne$s ( extremely l[-income r5t]s2     
7#b7 due to f9ancial burd5s & loss (    
income result+ f ! p&emic1 millions ( p 
9 ! ,unit$ ,/ates are at risk ( eviction
 or =eclosure1 & ! ne$ = af=dable h\s+  
is expect$ to increase dramatically2    
7#c7 homelessness is project$ to rise by
 z mu* z #de p]c5t across ! ,unit$      
,/ates z a result ( ! p&emic & economic 
crisis1 mean+ ne>ly #a1jjj1jjj p 9 !    

,unit$ ,/ates c\ld be exp]i5c+          
homelessness 9 ! v ne> future2  7#d7 9  
addition to mak+ long-t]m inve/m5ts 9 ! 
af=dable h\s+ /ock 9 ! ,unit$ ,/ates1 x 
is also critically important to focus   
res\rces on m imm$iate solutions1 su* z 
acquir+ & rehabilitat+ exi/+ build+s &  
plac+ af=dability requirem5ts on ! h\s+ 
t is produc$2  7#e7 acquisition &       
rehabilitation provides two di/9ct      
advantages by l[]+ p]-unit con/ruction  
co/s & mak+ af=dable h\s+ units         
available to l[-income h\seholds mu*    
fa/]2  7#f7 9 addition to rehabilitation
 ( resid5tial prop]ties1 !re are        
opportunities = adaptive reuse & !      
conv]sion ( non-resid5tial (fice &      
retail prop]ties to create new af=dable 
h\s+ 9 communities across ! ,unit$      
,/ates2 &  7#g7 help+ ,/ates1 local     
gov]nm5ts1 & nonpr(it organizations     
acquire blight$1 ab&on$1 vacant1        
=eclos$1 or surplus prop]ties & conv]t  
!m into af=dable h\s+ w all[ = ! rapid  
developm5t ( new af=dable units1 :ile   

/imulat+ local economies & creat+ jobs4 
#c4 ,def9itions ,9 ?is ,act3 7#a7       
,eligible entity ,! t]m eligible entity 
means-- 7,a7 a ,/ate1 a city1 c\nty1 or 
o!r political subdivision ( a ,/ate1 a  
consortium ( political subdivisions ( a 
,/ate1 a ,tribal gov]nm5t1 a public h\s+
 au?ority1 or a r$evelopm5t ag5cy2 or   
7,b7 any nonpr(it entity or consortium (
 nonpr(it entities1 :i* may submit an   
application = a grant "u ?is section 9  
p>tn]%ip ) a =-pr(it entity4  7#b7      
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ,h\s+ & ,urban ,developm5t4 
#d4 ,reau?orization ( ,neighborhood     
,/abilization ,program  7a7             
,au?orization ( funds  7#a7 ,9 g5]al    
,!re is au?oriz$ to be appropriat$ to ! 
,secret>y #a1ejj1jjj1jjj = fiscal ye>   
#bjba1 to rema9 available until exp5d$1 
= ! provision ( em]g5cy assi/ance = !   
r$evelopm5t ( ab&on$ & =eclos$ homes1 z 
au?oriz$ "u title ,,iii ( division ,b ( 
! ,h\s+ & ,economic ,recov]y ,act (     
#bjjh 7#db ,u4,s4,c4 #ecja note2 ,public

 ,law #aaj-bhi71 9 addition to o!r      
relat$ uses ( funds au?oriz$ "u ?is     
section4  7#b7 ,applicability (         
provisions  7,a7 ,9 g5]al ,except z     
o!rwise provid$ 9 ?is section1 !        
provisions "u ! second undesignat$      
p>agraph "u ! head+ community developm5t
 fund "u ! head+ community plann+ &     
developm5t "u ! head+ dep>tm5t ( h\s+ & 
urban developm5t 9 title ,,xii (        
division ,a ( ! ,am]ican ,recov]y &     
,re9ve/m5t ,act ( #bjji 7,public ,law   
#aaa-e7 relat+ to assi/ance au?oriz$ "u 
title ,,iii ( division ,b ( ! ,h\s+ &   
,economic ,recov]y ,act ( #bjjh 7#db    
,u4,s4,c4 #ecja note2 ,public ,law      
#aaj-bhi7 %all apply ) respect to !     
em]g5cy assi/ance au?oriz$ "u p>agraph  
7#a74  7,b7 ,c]ta9 crit]ia n applicable 
,! f\r? proviso 9 ! second undesignat$  
p>agraph describ$ 9 subp>agraph 7,a7 (  
?is p>agraph 7relat+ to grantees 9 areas
 ) =eclosures & ! ability to exp5d fund+
 )9 a c]ta9 p]iod7 %all n apply )       
respect to ! em]g5cy assi/ance au?oriz$ 

"u p>agraph 7#a7 ( ?is subsection4  7b7 
,grants2 application  7#a7 ,9 g5]al ,!  
,secret>y %all aw>d grants "u ?is       
section to eligible entities ?r\gh a    
competitive process4  7#b7 ,crit]ia ,n  
lat] ?an #ge days aft] ! date ( enactm5t
 ( ?is ,act1 ! ,secret>y %all publi% !  
crit]ia = aw>d+ grants "u ?is section4  
7#c7 ,application ,an eligible entity   
desir+ a grant "u ?is section %all      
submit to ! ,secret>y an application--  
7,a7 9 su* mann] & conta9+ su* in=mation
 z ! ,secret>y may require2  7,b7 t     
demon/rates a capacity to execute       
projects & lev]age pot5tial1 & any o!r  
additional factors z det]m9$ by !       
,secret>y2 &  7,c7 n lat] ?an #bjj days 
aft] ! date ( enactm5t ( ?is ,act4  7#d7
 ,pref]5ce ,! ,secret>y %all aw>d       
pref]5ce to an application = a grant "u 
?is section to applicants t submit      
proposals-- 7,a7 to provide assi/ance 9 
areas ) high levels ( co/-burd5$        
h\seholds2  7,b7 to provide assi/ance 9 
rural areas2  7,c7 to provide assi/ance 

9 communities t h adopt$ local l&-use   
policies1 build+ codes1 or relat$       
regulations t favor great] h\s+         
production1 su* z-- 7i7 all[+ great]    
d5sity ne> public transportation l9es2  
7ii7 e/abli%+ by-"r developm5t2  7iii7  
elim9at+ (f-/reet p>k+ requirem5ts2     
7iv7 grant+ d5sity bonuses2  7v7 employ+
 inclusion>y zon+2  7vi7 relax+ m9imum  
lot sizes2  7vii7 au?oriz+ conv]sion (  
comm]cial prop]ties into mix$-use &     
resid5tial prop]ties2 or  7viii7 o!r    
local l&-use policies1 build+ codes1 or 
relat$ regulations t favor great] h\s+  
production2  7,d7 to provide assi/ance 9
 areas t are 9 close proximity to       
high-frequ5cy public transportation2 or 
7,e7 t h a high] proportion ( af=dable  
units = h\seholds ) incomes t are less  
?an #ej p]c5t ( ! area m$ian income4    
7#e7 ,div]sity ,9 aw>d+ grants "u ?is   
section1 ! ,secret>y %all ensure a      
geographic div]sity ( grantees f across 
! ,unit$ ,/ates4  7c7 ,use ( funds  7#a7
 ,9 g5]al ,a recipi5t ( a grant "u ?is  

section-- 7,a7 %all use grant funds to  
pur*ase blight$1 ab&on$1 vacant1        
=eclos$1 or surplus prop]ty & conv]t !  
prop]ty into af=dable h\s+1 :i* %all    
s]ve individuals & families ) a h\sehold
 income t does n exce$ ! area m$ian     
income2  7,b7 may use grant funds =     
mix$-use developm5t projects1 conv]sion 
( non-resid5tial (fice & retail         
prop]ties1 & o!r r$evelopm5t requir+    
*anges to l& use re/rictions2 &  7,c7   
%all1 to ! maximum ext5t feasible-- 7i7 
provide = ! hir+ ( employees :o reside 9
 ! vic9ity1 z su* t]m is def9$ by !     
,secret>y1 ( projects fund$ "u ?is      
section2 or  7ii7 contract ) small      
bus9ess conc]ns own$ & controll$ by     
socially & economically disadvantag$    
individuals 7z def9$ 9 section          
#h7;d77#c77;,c7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcg7;d77#c77;,c777     
resid+ 9 ! vic9ity ( projects fund$ "u  
?is section4  7#b7 ,set aside =         
extremely l[-income & v l[-income       
families ,n less ?an #be p]c5t ( !      

af=dable h\s+ describ$ 9 p>agraph 7#a7  
%all s]vice individuals & families ) a  
h\sehold income t does n exce$ #ej p]c5t
 ( ! area m$ian income4  7#c7           
,af=dability p]iods  7,a7 ,9 g5]al ,!   
af=dability p]iod = h\s+ assi/$ "u ?is  
section-- 7i7 ) respect to r5tal h\s+ or
 h\s+ ) resale re/rictions1 %all be n   
less ?an #cj ye>s1 beg9n+ on project    
completion2 &  7ii7 ) respect to h\s+ ) 
recapture re/rictions1 %all be n less   
?an #aj1 #bj1 or #cj ye>s 9 accordance )
 ! af=dability p]iod requirem5ts "u     
section #ic4cje ( title #bd1 ,code (    
,f$]al ,regulations1 or any successor   
regulation4  7,b7 ,long] p]iods p]mitt$ 
,no?+ 9 subp>agraph 7,a7 %all be con/ru$
 to prohibit a recipi5t ( a grant "u ?is
 section f e/abli%+ a long] af=dability 
p]iod ?an is requir$ "u t subp>agraph4  
7#d7 ,deadl9e = exp5d+ funds ,a recipi5t
 ( a grant "u ?is section %all exp5d--  
7,a7 n less ?an #ej p]c5t ( allocat$    
funds "u ?is section n lat] ?an #c ye>s 
aft] ! date on :i* ! funds become       

available to ! grantee = obligation2 &  
7,b7 #ajj p]c5t ( allocat$ funds "u ?is 
section n lat] ?an #f ye>s aft] ! date  
on :i* ! funds become available to !    
grantee = obligation4  7d7 ,te*nical    
assi/ance  7#a7 ,9 g5]al ,! ,secret>y   
may use n m ?an #b p]c5t ( ! funds made 
available "u ?is section to provide     
te*nical assi/ance to grantees "u ?is   
section4  7#b7 ,s5se ( ,congress ,x is !
 s5se ( ,congress t1 to ! ext5t         
practicable1 ! ,secret>y %all provide   
te*nical assi/ance directly to grantees 
"u ?is section4  7e7 ,deadl9e = aw>d+   
funds ,! ,secret>y %all aw>d all grant  
funds au?oriz$ "u ?is section n lat] ?an
 #a ye> aft] ! date ( enactm5t ( ?is    
,act4  7f7 ,exi/+ regulations ,except to
 ! ext5t t a regulation is 9 conflict ) 
! provisions ( ?is ,act1 ! regulations  
applicable to ! provision ( em]g5cy     
assi/ance = ! r$evelopm5t ( ab&on$ &    
=eclos$ homes1 z au?oriz$ "u title ,,iii
 ( division ,b ( ! ,h\s+ & ,economic    
,recov]y ,act ( #bjjh 7#db ,u4,s4,c4    

#ecja note2 ,public ,law #aaj-bhi7 &    
subsequ5t ,acts1 z 9 effect on ! day    
be=e ! date ( enactm5t ( ?is ,act1 %all 
apply to ! provision ( assi/ance "u ?is 
,act4