,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #ajbid  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,decemb] #d1 #bjbd,mr4
 ,meeks 7= himself & ,ms4 ,velzquez7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to e/abli% a pilot program = ! 
,secret>y ( ,h\s+ & ,urban ,developm5t  
to evaluate ! effectiv5ess ( insur+     
mortgages made to f9ance improvem5ts to 
conv]t basem5t spaces into safely       
habitable dwell+ units1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,habitable ,h\s+ ,conv]sion
 ,pilot ,program ,act ( #bjbd4  #b4     
,pilot program = insurance ( conv]sion  
loans  7a7 ,e/abli%m5t ,! ,secret>y (   
,h\s+ & ,urban ,developm5t 79 ?is       
section ref]r$ to z ! ,secret>y7 %all   
c>ry out pilot program to insure        
mortgages1 "u section #bjc7k7 ( !       
,national ,h\s+ ,act 7#ab ,u4,s4,c4     
#agji7k77#b771 made to f9ance           
improvem5ts necess>y to conv]t space 9 !
 basem5ts ( own]-occupi$ prop]ties1 into

 safe & habitable dwell+ units t are to 
be made available = r5tal1 meet all     
,/ate & local build+ & safety /&>ds &   
codes1 & comply ) ! regulations issu$ by
 ! ,secret>y pursuant to subsection 7c7 
( ?is section4  7b7 ,scope ,! ,secret>y 
%all c>ry out ! pilot program "u ?is    
section dur+ ! #e-ye> p]iod beg9n+ on ! 
date ( ! enactm5t ( ?is ,act & may      
insure n m ?an #aej1jjj mortgages "u !  
program4  7c7 ,consultation2 priority ,9
 c>ry+ out ! pilot program "u ?is       
section1 ! ,secret>y %all consult ) !   
,adm9i/rator ( ! ,f$]al ,em]g5cy        
,managem5t ,ag5cy & ! ,adm9i/rator ( !  
,national ,oceanic & ,atmosph]ic        
,adm9i/ration to id5tify areas m likely 
to suff] haz>ds caus+ ne$ = improvem5ts 
f9anc$ "u su* program & may give        
priority 9 insur+ mortgages "u su*      
program to eligible prop]ties locat$ 9  
su* areas4  7d7 ,regulations ,!         
,secret>y %all issue su* regulations z  
may be necess>y to c>ry out ! pilot     
program "u ?is section1 includ+         

regulations to ensure ! safety &        
habitability ( spaces conv]t$ into      
dwell+ units us+ mortgages insur$ "u !  
program4  7e7 ,report ,^u ! expiration (
 ! #e-ye> p]iod beg9n+ on ! date ( !    
enactm5t ( ?is ,act1 ! ,secret>y %all   
submit a report to ! ,congress describ+ 
& assess+ ! pilot program "u ?is        
section1 id5tify+ any successes ( &     
problems ) ! program1 id5tify+ any      
curr5t codes & regulations t prev5t or  
inhibit conv]sion ( basem5t space into  
dwell+ units1 & mak+ recomm5dations     
reg>d+ reau?oriz+1 re=m+1 or t]m9at+ !  
program4  7f7 ,au?orization (           
appropriations ,!re is au?oriz$ to be   
appropriat$ su* sums z may be necess>y  
to c>ry out ! pilot program "u ?is      
section4