,i #aah? ,,congress #b;d ,session ,h4 ,r4 #iffb ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #ah1 #bjbd,ms4 ,ocasio-,cortez 7= h]self1 ,ms4 ,adams1 ,ms4 ,bal9t1 ,mr4 ,b[man1 ,ms4 ,bu%1 ,mr4 ,c>t] ( ,l\isiana1 ,mr4 ,cas>1 ,mrs4 ,*]filus-,mc,cormick1 ,mr4 ,fro/1 ,mr4 ,g>ca ( ,ill9ois1 ,ms4 ,g>cia ( ,texas1 ,mr4 ,rob]t ,g>cia ( ,cali=nia1 ,mr4 ,gomez1 ,mr4 ,grijalva1 ,ms4 ,jayapal1 ,mr4 ,johnson ( ,georgia1 ,ms4 ,lee ( ,p5nsylvania1 ,ms4 ,lee ( ,cali=nia1 ,mr4 ,mc,govern1 ,mr4 ,mull91 ,ms4 ,norton1 ,ms4 ,om>1 ,mrs4 ,peltola1 ,ms4 ,pressley1 ,mrs4 ,ramirez1 ,mr4 ,rask91 ,ms4 ,s*ak[sky1 ,ms4 ,/ansbury1 ,ms4 ,tlaib1 ,mr4 ,v>gas1 ,ms4 ,velzquez1 ,mrs4 ,watson ,coleman1 ,ms4 ,wild1 ,ms4 ,crockett1 ,mr4 ,davis ( ,ill9ois1 & ,ms4 ,tokuda7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to e/abli% an indep5d5t entity )9 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t to acquire & ma9ta9 di/ress$ real e/ate to /abilize communities & increase ! supply ( af=dable h\s+1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,homes ,act ( #bjbd4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4,sec4 #b4 ,f9d+s & purposes4,sec4 #c4 ,def9itions4,sec4 #d4 ,e/abli%m5t ( au?ority4,sec4 #e4 ,purposes ( ! au?ority4,sec4 #f4 ,p[]s & duties4,sec4 #g4 ,requirem5ts = social h\s+ provid]s4,sec4 #h4 ,labor & ,buy ,am]ica provisions4,sec4 #i4 ,duty to s]ve4,sec4 #aj4 ,community & t5ant opportunity ,to pur*ase multifamily r5tal prop]ties4,sec4 #aa4 ,maximum cont+5t liability4,sec4 #ab4 ,au?ority funds4,sec4 #ac4 ,au?orization ( appropriations = ,au?ority4,sec4 #ad4 ,au?orization ( appropriations = public h\s+ backlog4,sec4 #ae4 ,repeal ( ,fairclo? ,am5dm5t4,sec4 #af4 ,miscellane\s4 #b4 ,f9d+s & purposes 7a7 ,f9d+s ,congress f9ds t ! national protract$ h\s+ crisis has exi/$ = decades & only cont9ues to wors51 ) ! lack ( quality & af=dable h\s+ affect+ all b ! weal?ie/ h\seholds4 7b7 ,purposes ,! purposes ( ?is ,act are-- 7#a7 to e/abli% a robu/ public entity to develop a /ock ( p]man5tly af=dable1 quality1 publicly f9anc$1 & climate resili5t h\s+ t is %ield$ f m>ket speculation2 & 7#b7 to /abilize communities & improve g5]al welf>e by ma9ta9+ a h\s+ sy/em1 z an alt]native to m>ket-rate h\s+1 t (f]s af=dability1 fair h\s+ *oice1 & quality to all families t are unable to af=d m>ket r5ts1 includ+ families 9 und]s]v$ communities & families t h exp]i5c$ hi/orical legacies ( exclusion4 #c4 ,def9itions 7a7 ,9 g5]al ,9 ?is ,act3 7#a7 ,af=dable h\s+ ,! t]m af=dable h\s+ means h\s+ t complies ) ! /&>ds e/abli%$ "u section #g7;c74 7#b7 ,at risk ( homelessness ,! t]m at risk ( homelessness has ! mean+ giv5 ! t]m 9 section #dja ( ! ,mc,kinney-,v5to ,homeless ,assi/ance ,act 7#db ,u4,s4,c4 #aacfj74 7#c7 ,au?ority ,! t]m ,au?ority means ! ,h\s+ ,developm5t ,au?ority e/abli%$ "u section #d7;a74 7#d7 ,bo>d ,! t]m ,bo>d means ! ,bo>d ( ,directors ( ! ,au?ority e/abli%$ "u section #d7;c77#a74 7#e7 ,community l& tru/ ,! t]m community l& tru/ means a nonpr(it entity or a ,/ate or local gov]nm5t or in/rum5tality !re( t-- 7,a7 is n sponsor$ by a =-pr(it organization2 7,b7 has z a prim>y purpose ! provision & ma9t5ance ( h\s+ t provides long-t]m af=dability = l[-income families & mod]ate-income families2 7,c7 provides h\s+ describ$ 9 subp>agraph 7,b7 us+ a gr\nd lease1 de$ cov5ant1 or o!r simil> legally en=ceable measure1 z det]m9$ by ! ,au?ority1 t-- 7i7 keeps ! h\s+ p]man5tly af=dable to l[-income families & mod]ate-income families2 & 7ii7 enables l[-income families & mod]ate-income families to pur*ase ! h\s+ = home[n]%ip2 & 7,d7 ma9ta9s preemptive pur*ase options to pur*ase ! prop]ty s ! h\s+ rema9s af=dable to l[-income families & mod]ate-income families4 7#f7 ,community-l$ developm5t organization ,! t]m community-l$ developm5t organization means a nonpr(it organization compris$ ( or act+ on behalf ( individuals seek+ to e/abli%1 develop1 ma9ta91 & reside 9 a resid5t-own$ multifamily h\s+ build+ t includes %>$ community am5ities1 :e!r ?r\gh ! developm5t ( a new build+ or ! rehabilitation or conv]sion ( an exi/+ build+4 7#g7 ,consum] ,price ,index ,! t]m ,consum] ,price ,index means ! mo/ rec5t ,consum] ,price ,index = ,all ,urban ,consum]s publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor4 7#h7 ,dep>tm5t ,! t]m ,dep>tm5t means ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 7#i7 ,di/ress$ ,! t]m di/ress$ means1 ) respect to an asset1 t-- 7,a7 ! obligor !re( is subject to a bankruptcy1 insolv5cy1 liquidation1 or o!r simil> action or proce$+2 7,b7 ! obligor !re( has fail$ to make any paym5t ( pr9cipal or int]e/ ) respect to ! asset :5 due 7:e!r at s*$ul$ maturity or any accel]at$ date ( maturity or any o!r date fix$ = paym5t or prepaym5t !re( or o!rwise7 beyond any p]iod ( grace provid$ ) respect !reto2 7,c7 ! asset is classifi$ by ! l5d] z nonp]=m+ pursuant to g5]ally accept$ acc\nt+ pr9ciples2 or 7,d7 ! asset is 9 a physically di/ress$ condition1 z %all be def9$ by ! ,au?ority4 7#aj7 ,eligible entity ,! t]m eligible entity means an entity describ$ 9 subp>agraph 7,a7 ( section #f7;c77#b71 subject to subp>agraph 7,b7 ( t section4 7#aa7 ,family ,! t]m family includes an individual4 7#ab7 ,homeless ,! t]m homeless has ! mean+ giv5 ! t]m 9 section #ajc ( ! ,mc,kinney-,v5to ,homeless ,assi/ance ,act 7#db ,u4,s4,c4 #aacjb74 7#ac7 ,income ,! t]m income has su* mean+ z provid$ by ! ,secret>y t is consi/5t ) regulations issu$ by ! ,secret>y 9 implem5t+ section #c7;b7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7b774 7#ad7 ,indian ,tribe ,! t]m ,indian ,tribe has ! mean+ giv5 ! t]m ,indian tribe 9 section #d ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc74 7#ae7 ,p]man5t af=dability ,! t]m p]man5t af=dability means a designation = a resid5tial prop]ty1 ! af=dability ( :i* is pres]v$ 9 p]petuity ?r\gh-- 7,a7 a real prop]ty int]e/ held by ! ,au?ority2 & 7,b7 ! inclusion ( a p]man5tly af=dable social h\s+ use re/riction 9 ! de$ to ! l& &1 :]e applicable1 any gr\nd lease to ! improvem5ts on ! l&4 7#af7 ,p]man5tly af=dable social h\s+2 social h\s+ 7,a7 ,9 g5]al ,! t]m p]man5tly af=dable social h\s+ or social h\s+ means h\s+1 includ+ newly con/ruct$1 acquir$1 rehabilitat$1 or r5ovat$ h\s+1 t meets ! foll[+ requirem5ts3 7i7 ,social own]%ip ,! h\s+ is own$ by ! ,au?ority or an eligible entity4 7ii7 ,p]man5t /ability ,! h\s+ is-- 7,i7 protect$ f =-pr(it inve/ors & ! speculative m>ket2 & 7,,ii7 subject to re/rictions t ensure t x is nev] resold = excessive pr(it1 z det]m9$ by ! ,au?ority4 7iii7 ,p]man5t af=dability ,! h\s+ meets ! requirem5ts ( p>agraph 7#ae7 &1 9 ! aggregate1 is p]man5tly af=dable to families at a range ( income levels1 includ+ extremely l[-income families & no-income families4 7iv7 ,community control ,! h\s+ is develop$1 own$1 manag$1 & op]at$ 9 a way t is democratically acc\ntable to resid5ts1 ! community1 & ! public1 ) resid5ts hav+ a direct role 9 managem5t & decision-mak+1 su* z ?r\gh a t5ant organization4 7v7 ,equitable ,! h\s+ promotes racial & g5d] equity & prev5ts displacem5t ( communities ( color4 7vi7 ,su/a9ability ,! h\s+ is built1 r5ovat$1 or rehabilitat$ us+ con/ruction me?ods & mat]ials t-- 7,i7 prioritize en]gy effici5cy1 ! long-t]m safety & heal? ( occupants1 & disa/] resili5ce2 & 7,,ii7 are guid$ by an evid5ce-bas$ approa* design$ to r$uce pollution burd5s & climate volatility4 7vii7 ,high quality & accessible ,! h\s+ is ( high quality & accessible to all p reg>dless ( age1 physical ne$1 or o!r factors4 7viii7 ,t5ant security ,! h\s+ provides r5t] protections to resid5ts4 7,b7 ,public h\s+ ,! ,au?ority may provide any fund+ or support to public h\s+ t is necess>y = ! public h\s+ to meet ! requirem5ts "u subp>agraph 7,a71 consi/5t ) ! rules & regulations t are o!rwise applicable to public h\s+4 7#ag7 ,p]man5tly af=dable social h\s+ use re/riction ,! t]m p]man5tly af=dable social h\s+ use re/riction1 ) respect to real prop]ty1 means a use re/riction1 e/abli%$ by ! ,secret>y by rulemak+ aft] notice & an opportunity = public comm5t1 t ensures t ! prop]ty complies ) ! requirem5ts "u subp>agraph 7,a7 ( ! def9ition ( p]man5tly af=dable social h\s+4 7#ah7 ,public h\s+ ,! t]m public h\s+ means h\s+ assi/$ "u section #i ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;g74 7#ai7 ,public h\s+ ag5cy ,! t]m public h\s+ ag5cy has ! mean+ giv5 ! t]m 9 section #c7;b7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7b774 7#bj7 ,resid5t-own$ coop]ative ,! t]m resid5t-own$ coop]ative means a nonpr(it entity t supports %>$-equity home[n]%ip t-- 7,a7 has z a prim>y purpose ! provision & ma9t5ance ( own]-occupi$ h\s+ t provides long-t]m af=dability = l[-income families & mod]ate-income families2 7,b7 provides h\s+ describ$ 9 subp>agraph 7,a7 us+ a limit$ equity coop]ative agreem5t1 or o!r simil> legally en=ceable measure1 z det]m9$ by ! ,au?ority1 t-- 7i7 keeps ! h\s+ p]man5tly af=dable to l[-income families & mod]ate-income families2 & 7ii7 enables l[-income families & mod]ate-income families to pur*ase ! h\s+ = home[n]%ip2 & 7,c7 ma9ta9s preemptive pur*ase options to pur*ase ! prop]ty s ! h\s+ rema9s af=dable to l[-income families & mod]ate-income families4 7#ba7 ,secret>y ,! t]m ,secret>y1 except z o!rwise provid$1 means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7#bb7 ,%ort sale ,! t]m %ort sale means a sale ( a resid5tial real prop]ty t is subject to a mortgage1 de$ or tru/1 or o!r security int]e/ t secures a resid5tial mortgage loan t-- 7,a7 w result 9 proce$s 9 an am\nt t is less ?an ! rema9+ am\nt due "u ! mortgage loan2 & 7,b7 requires au?orization by any securitization vehicle or o!r inve/m5t vehicle or hold] ( ! mortgage loan1 or ! s]vic] act+ on behalf ( su* a vehicle or hold]4 7#bc7 ,supportive s]vices ,! t]m supportive s]vices means s]vices t address ! ne$s ( p]sons s]v$ by a project1 includ+-- 7,a7 provision ( t5ant organiz+ te*nical assi/ance2 7,b7 e/abli%m5t & op]ation ( a *ild c>e s]vices program2 7,c7 e/abli%m5t & op]ation ( an employm5t assi/ance program2 7,d7 provision ( outpati5t heal? s]vices1 food1 & case managem5t2 7,e7 provision ( m5tal heal? s]vices & victim s]vices2 7,f7 provision ( assi/ance 9 obta9+ o!r ,f$]al1 ,/ate1 & local assi/ance available = resid5ts ( ! project1 includ+ m5tal heal? b5efits1 employm5t c\nsel+1 & m$ical assi/ance2 7,g7 provision ( transportation s]vices t facilitate ! ability ( an individual to obta9 & ma9ta9 employm5t & access heal? c>e2 7,h7 provision ( s]vices = old] adults2 7,i7 security s]vices2 & 7,j7 o!r s]vices necess>y to ma9ta9 h\s+ & su/a9 a quality h\s+ community4 7#bd7 ,t5ant organization ,! t]m t5ant organization1 ) respect to r5tal h\s+ means a t5ant-l$ organization-- 7,a7 t seeks to-- 7i7 promote ! collective int]e/s & rights ( ! t5ants2 7ii7 improve h\s+ conditions2 7iii7 build r5t] au?ority2 & 7iv7 advocate = policy *anges = ! b5efit ( t5ants2 & 7,b7 :i* may be organiz$ ) respect to-- 7i7 h\s+ %>+ ! same l&lord or build+2 or 7ii7 h\s+ hav+ diff]5t l&lords or build+s4 7#be7 ,tribally designat$ h\s+ entity ,! t]m tribally designat$ h\s+ entity has ! mean+ giv5 ! t]m 9 section #d ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc74 7#bf7 ,und]s]v$ community ,! t]m und]s]v$ community means a population %>+ a p>ticul> *>act]i/ic1 or a geographic community1 t-- 7,a7 has be5 sy/ematically d5i$ a full opportunity to p>ticipate 9 aspects ( economic1 social1 & civic life2 & 7,b7 may include-- 7i7 ,black1 ,lat9o1 & ,indig5\s & ,native ,am]ican p]sons1 ,asian ,am]icans & ,pacific ,isl&]s1 & o!r p]sons ( color2 7ii7 memb]s ( religi\s m9orities2 7iii7 lesbian1 gay1 bisexual1 transg5d]1 & que] 7commonly kn[n z ,,lgbtq7 p]sons2 7iv7 p]sons ) disabilities2 7v7 p]sons :o live 9 rural areas2 & 7vi7 p]sons o!rwise adv]sely affect$ by p]si/5t pov]ty or inequality4 7b7 ,income levels 7#a7 ,9 g5]al ,9 ?is ,act1 subject to p>agraph 7#b7-- 7,a7 ! t]m mod]ate-income family means a family t satisfies ! def9ition ( ! t]m p]sons ( mod]ate income 9 section #ajb7;a7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb7;a772 7,b7 ! t]m l[-income family means a family t satisfies ! def9ition ( ! t]m p]sons ( l[ income 9 section #ajb7;a7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb7;a772 & 7,c7 ! t]m extremely l[-income family means a family t satisfies ! def9ition ( ! t]m extremely l[-income families 9 section #c7;b77#b7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7b77#b774 7#b7 ,au?ority ( ,secret>y to e/abli% v>iations ,= purposes ( p>agraph 7#a7 & subject to ! consid]ations describ$ 9 section #g7;c77#d71 ! ,secret>y may e/abli% a p]c5tage ( m$ian income = a t]m def9$ 9 p>agraph 7#a7 ( ?is subsection = any area t is high] or l[] ?an ! p]c5tage set =? 9 ! applicable provision ( law ref]5c$ 9 su* p>agraph 7#a7 if ! ,secret>y f9ds ! v>iation to be necess>y because ( unusually high or l[ family incomes or co/ ( liv+ 9 ! area4 #d4 ,e/abli%m5t ( au?ority 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,!re is e/abli%$ )9 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t an indep5d5t au?ority to be kn[n z ! ,h\s+ ,developm5t ,au?ority1 to c>ry out ! purposes set =? 9 section #e4 7#b7 ,applicability ( o!r laws ,except z o!rwise provid$ expressly by law1 all ,f$]al laws conc]n+ public or ,f$]al contracts1 prop]ty1 works1 (fic]s1 employees1 budgets1 or funds1 includ+ *apt]s #e & #g ( title #e1 ,unit$ ,/ates ,code1 %all apply to ! ex]cise ( ! p[]s ( ! ,au?ority4 7#c7 ,autonomy ,not)/&+ any o!r provision ( law1 includ+ ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,act ( #aife 7#db ,u4,s4,c4 #ceca et seq471 ! ,secret>y may n-- 7,a7 int]v5e 9 any matt] or proce$+ be=e ! ,au?ority2 or 7,b7 m]ge or consolidate ! ,au?ority1 or any ( ! functions or responsibilities ( ! ,au?ority1 ) any division or (fice ( ! ,dep>tm5t4 7#d7 ,rules & ord]s ,no action ( ! ,au?ority %all be subject to approval or review by ! ,secret>y1 & ! ,secret>y may n delay or prev5t any action by ! ,au?ority4 7b7 ,own]%ip ,any real prop]ty acquir$ by ! ,au?ority %all be acquir$ 9 p]petuity ) ! au?ority to convey prop]ties to eligible entities4 7c7 ,bo>d 7#a7 ,9 g5]al ,! ,au?ority %all be gov]n$ by a ,bo>d ( ,directors4 7#b7 ,memb]%ip 7,a7 ,9 g5]al ,! ,bo>d %all consi/ ( #ae memb]s appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate1 "o ( :om ! ,presid5t %all designate z *airp]son4 7,b7 ,types ( appo9tm5ts ,( ! #ae memb]s ( ! ,bo>d-- 7i7 #i %all be appo9t$ "u subp>agraph 7,c72 & 7ii7 #f %all be appo9t$ "u subp>agraph 7,d74 7,c7 ,/akehold] memb]s 7i7 ,9 g5]al ,( ! #i memb]s ( ! ,bo>d appo9t$ "u ?is subp>agraph 7ref]r$ to 9 ?is subsection z /akehold] memb]s7-- 7,i7 #b %all be appo9t$ f among ! (fic]s ( ,f$]al ag5cies :o h exp]i5ce & exp]tise ) af=dable & l[-income h\s+ & community developm5t & f9anc+1 b at no "t may m ?an #a memb] be f any s+le su* ag5cy2 7,,ii7 #b %all repres5t labor organizations1 z t t]m is def9$ 9 section #b ( ! ,national ,labor ,relations ,act 7#bi ,u4,s4,c4 #aeb71 ( :i* build+ & con/ruction employees are memb]s2 7,,iii7 #b %all h exp]tise 9 h\s+ f9ance1 h\s+ developm5t1 or h\s+ managem5t2 7,,iv7 #b %all h te*nical exp]tise 9 ar*itecture1 af=dable h\s+ con/ruction & f9anc+1 urban plann+1 or eng9e]+2 & 7,v7 #a %all be an exp]t 9 fair h\s+ & civil rights4 7ii7 ,environm5tal exp]tise2 div]se exp]i5ce ,9 appo9t+ memb]s "u clause 7i71 ! ,presid5t-- 7,i7 %all appo9t n less ?an #a individual :o has ext5sive exp]tise 9 climate1 environm5tal ju/ice1 or su/a9able build+2 & 7,,ii7 %all appo9t a mix ( individuals ) exp]i5ce 9 rural1 urban1 & ,native communities4 7,d7 ,resid5t memb]s 7i7 ,9 g5]al ,! #f memb]s ( ! ,bo>d appo9t$ "u ?is subp>agraph 7ref]r$ to 9 ?is subsection z resid5t ,bo>d memb]s7 %all be resid5ts ( public h\s+ or p]man5tly af=dable social h\s+4 7ii7 ,notice ( expiration ( t]m ,! ,au?ority %all publi% notice ( ! expiration ( ! t]m ( a resid5t ,bo>d memb] n lat] ?an #ij days be=e ! date ( ! expiration4 7iii7 ,vacancies ,if a vacancy occurs dur+ ! t]m ( a resid5t ,bo>d memb]-- 7,i7 ! ,au?ority %all publi% notice ( ! vacancy n lat] ?an #aj bus9ess days aft] ! vacancy occurs2 & 7,,ii7 ! ,presid5t %all appo9t ! successor resid5t ,bo>d memb] )9 a reasonable "t aft] ! expiration ( #fj days foll[+ ! provision ( notice "u subclause 7,i74 7#c7 ,t]ms 7,a7 ,9 g5]al ,a memb] ( ! ,bo>d %all s]ve = a t]m ( #d ye>s or until ! memb]'s successor has be5 appo9t$1 except z provid$ 9 subp>agraphs 7,b7 & 7,c74 7,b7 ,t]ms ( initial appo9tees ,z designat$ by ! ,presid5t at ! "t ( appo9tm5t-- 7i7 ( ! /akehold] memb]s fir/ appo9t$ 9 accordance ) p>agraph 7#b77;,c7-- 7,i7 #d %all be appo9t$ = t]ms ( #b ye>s ea*2 & 7,,ii7 #e %all be appo9t$ = t]ms ( #d ye>s ea*2 & 7ii7 ( ! resid5t memb]s fir/ appo9t$ 9 accordance ) p>agraph 7#b77;,d7-- 7,i7 #c %all be appo9t$ = t]ms ( #d ye>s ea*2 & 7,,ii7 #c %all be appo9t$ = t]ms ( #f ye>s ea*4 7,c7 ,vacancy 7i7 ,appo9tm5t = rema9d] ( t]m ,any memb] ( ! ,bo>d appo9t$ to fill a vacancy occurr+ be=e ! expiration ( ! t]m = :i* ! memb]'s pr$ecessor 0 appo9t$ %all be appo9t$ only = ! rema9d] ( t t]m4 7ii7 ,s]vice aft] expiration ( t]m ,a memb] ( ! ,bo>d may s]ve aft] ! expiration ( t memb]'s t]m until a successor has tak5 (fice4 7iii7 ,fill+ ( vacancies ,a vacancy 9 ! ,bo>d %all be fill$ 9 ! mann] 9 :i* ! orig9al appo9tm5t 0 made4 7#d7 ,prohibition ,no "p ( any e>n+s ( ! ,au?ority %all inure to ! b5efit ( any memb] ( ! ,bo>d4 7#e7 ,op5 meet+s ,! proce$+s ( ! ,bo>d %all be op5 to ! public4 7#f7 ,compreh5sive tra9+ program = ,bo>d memb]s2 te*nical assi/ance tra9+ = resid5t ,bo>d memb]s 7,a7 ,requirem5t ,ea* memb] ( ! ,bo>d %all complete a tra9+ program1 z develop$ by ! ,au?ority-- 7i7 n lat] ?an #ij days aft] be+ appo9t$ or reappo9t$ to ! ,bo>d2 & 7ii7 n less frequ5tly ?an once e #b ye>s !reaft]4 7,b7 ,e/abli%m5t ( program ,! ,au?ority %all e/abli% & implem5t a compreh5sive tra9+ program = memb]s ( ! ,bo>d on ! prop] managem5t ( ! ,au?ority1 includ+ applicable laws & topics relat+ to-- 7i7 op5 meet+s2 7ii7 public records2 7iii7 conflicts ( int]e/2 7iv7 uni=m procurem5t2 7v7 h\s+ f9ance2 7vi7 fraud prev5tion2 7vii7 fiduci>y responsibilities2 7viii7 fair h\s+2 7ix7 t5ant selection1 occupancy1 & p>ticipation policies2 7x7 prohibit+ discrim9ation 9 h\s+2 & 7xi7 be/ practices relat+ to ! g5]al inspection1 ma9t5ance1 & repair ( dwell+ units & capital improvem5ts 9 public h\s+ & o!r social h\s+4 7,c7 ,te*nical assi/ance 7i7 ,tra9+ = resid5t ,bo>d memb]s ,! ,au?ority %all provide indep5d5t te*nical assi/ance tra9+ to resid5t ,bo>d memb]s ) ! goal ( enabl+ resid5t ,bo>d memb]s & memb]s ( t5ant organizations to p>ticipate fully 9 ! ov]sight ( ! ,au?ority's op]ation & capital plann+4 7ii7 ,tra9+ = resid5ts g5]ally ,! ,au?ority %all p]mit resid5ts ( public h\s+ & social h\s+ :o are n memb]s ( ! ,bo>d to att5d te*nical assi/ance tra9+ provid$ "u clause 7i74 7iii7 ,developm5t ( tra9+ program ,! ,au?ority %all develop ! tra9+ program provid$ "u clause 7i7 9 consultation )-- 7,i7 ! ,secret>y2 7,,ii7 gov]nm5t (ficials2 7,,iii7 resid5ts ( public h\s+ & social h\s+2 & 7,,iv7 public h\s+ & social h\s+ advocacy & indu/ry pr(essional organizations4 7d7 ,/ocks1 bonds1 & c]tificates 7#a7 ,9 g5]al ,! ,au?ority may issue bonds gu>ante$ by ! ,unit$ ,/ates to c>ry out ! purposes ( ?is ,act1 :i* bonds %all be legal inve/m5ts =-- 7,a7 ! deposits & ! income d]iv$ !refrom ( sav+s banks2 7,b7 ! tru/ funds ( tru/ companies2 7,c7 ! capital & o!r funds ( insurance companies2 & 7,d7 funds ov] :i* ! ,dep>tm5t ( ! ,treasury has exclusive control4 7#b7 ,negotiable in/rum5ts ,! bonds1 notes1 & c]tificates ( indebt$ness "u ?is subsection %all con/itute negotiable in/rum5ts = all purposes4 7#c7 ,o!r *>act]i/ics ,! bonds1 notes1 & c]tificates ( indebt$ness "u ?is subsection-- 7,a7 may be payable f ! income ( ! ,au?ority or con/itute a g5]al obligation !re(2 7,b7 may be sold at n less ?an p>1 at public or private sale2 7,c7 may conta9 any cov5ants1 t]ms1 & conditions1 z det]m9$ by ! ,au?ority1 t are n inconsi/5t ) law2 & 7,d7 may be issu$ ) or )\t ! corporate seal4 7e7 ,bylaws1 rules1 & regulations ,! ,bo>d may make su* bylaws1 rules1 & regulations1 n inconsi/5t ) ?is ,act1 z may be necess>y = ! prop] conduct ( ! affairs ( ! ,au?ority1 includ+ provisions =-- 7#a7 comp5sation ( memb]s ( ! ,bo>d2 & 7#b7 ! removal1 resignation1 or susp5sion ( memb]s ( ! ,bo>d4 7f7 ,(fic]s & employees 7#a7 ,9 g5]al ,! ,au?ority may select1 employ1 & fix ! comp5sation ( su* (fic]s1 employees1 attorneys1 or ag5ts z %all be necess>y = ! p]=mance ( ! duties ( ! ,au?ority "u ?is ,act1 )\t reg>d to ! provisions ( o!r laws applicable to ! employm5t or comp5sation ( (fic]s1 employees1 attorneys1 or ag5ts ( ! ,unit$ ,/ates1 not)/&+ section #d7;a77#b74 7#b7 ,comp5sation ,no (fic]1 employee1 attorney1 or ag5t employ$ by ! ,au?ority %all be paid comp5sation at a rate 9 excess ( ! rate provid$ = ! memb]s ( ! ,bo>d4 7g7 ,sal>ies & exp5ses ,! ,au?ority-- 7#a7 %all pay su* proportion ( ! sal>y & exp5ses ( ! memb]s ( ! ,bo>d1 includ+ resid5t ,bo>d memb]s1 & ( its (fic]s & employees z ! ,bo>d may det]m9e to be equitable1 includ+ *ildc>e1 transportation1 & any o!r necess>y accommodations2 & 7#b7 may op]ate out ( ! physical locations ( ea* ( ! ,f$]al ,home ,loan ,banks1 ^u mak+ reasonable comp5sation to ! ,f$]al ,home ,loan ,bank1 z det]m9$ by ! ,bo>d4 7h7 ,(fices ,! ,bo>d may e/abli% a pr9cipal (fice & regional (fices ( ! ,au?ority z ! ,bo>d consid]s appropriate to c>ry out ! responsibilities ( ! ,au?ority4 7i7 ,use ( mails ,! ,au?ority may use ! ,unit$ ,/ates mails 9 ! same mann] & "u ! same conditions z o!r dep>tm5ts & ag5cies ( ! ,unit$ ,/ates4 7j7 ,op]at+ assi/ance ,! ,au?ority may provide op]at+ assi/ance to its prop]ties & collect surplus ca%1 z def9$ by ! ,secret>y4 7k7 ,te*nology infra/ructure 7#a7 ,9 g5]al ,9 ! acquisition & developm5t process ( ! ,au?ority's te*nology infra/ructure1 ! ,au?ority %all-- 7,a7 focus on ! ne$s ( us]s & take into consid]ation1 to ! ext5t practicable-- 7i7 ! guidel9es outl9$ 9 ! ,u4,s4 ,web ,design ,/&>ds ma9ta9$ by ! ,g5]al ,s]vices ,adm9i/ration & ! ,digital ,s]vices ,playbook & ,tech,f,a,r ,h&book = ,procur+ ,digital ,s]vices ,us+ ,agile ,processes ( ! ,u4,s4 ,digital ,s]vice2 & 7ii7 ! relevant successor docum5ts or recomm5dations ( ! guidel9es describ$ 9 clause 7i72 7,b7 use mod]n1 relevant privacy- & security-enhanc+ te*nology2 & 7,c7 plan = ! ongo+ op]ations & ma9t5ance ( its sy/ems & products to ensure _! ongo+ capability4 7#b7 #ba/ ,c5tury ,integrat$ ,digital ,exp]i5ce ,act ,! #ba/ ,c5tury ,integrat$ ,digital ,exp]i5ce ,act 7#dd ,u4,s4,c4 #ceja note2 ,public ,law #aae-ccf7 %all apply to ! ,au?ority 9 ! same mann] z t ,act applies to an ,executive ag5cy1 except t-- 7,a7 any ref]5ce 9 t ,act to ! head ( an ,executive ag5cy %all be deem$ to be a ref]5ce to ! ,bo>d2 & 7,b7 any ref]5ce 9 t ,act to ! ,*ief ,in=mation ,(fic] ( an ,executive ag5cy %all be deem$ to be a ref]5ce to an equival5t employee ( ! ,au?ority4 #e4 ,purposes ( ! au?ority ,! purposes ( ! ,au?ority %all be to-- 7#a7 acquire real e/ate1 public l&1 corporate-own$ vacant prop]ties1 includ+ vacant1 blight$1 or und]utiliz$ developm5ts1 & publicly assi/$ or privately own$ prop]ties ) li5s1 fees1 or tax violations = ! purpose (-- 7,a7 provid+ adequate h\s+ = extremely l[-income families1 l[-income families1 & mod]ate-income families2 7,b7 prev5t+ involunt>y displacem5t ( families2 & 7,c7 /abiliz+ communities1 includ+ und]s]v$ communities t h exp]i5c$ hi/orical legacies ( exclusion2 7#b7 op]ate & ma9ta9 ! physical & functional conditions ( acquir$ prop]ties to-- 7,a7 pres]ve1 mod]nize1 & enhance ! value1 af=dability1 habitability1 climate resili5cy1 en]gy effici5cy1 environm5tal su/a9ability1 & resid5tial & community am5ities = curr5t & future occupants ( ! real prop]ty2 & 7,b7 contribute to ! economic & social conditions ( ! surr\nd+ community2 7#c7 rehabilitate1 mod]nize1 f9ance1 & con/ruct real prop]ty to c>ry out ! purposes ( ?is ,act describ$ 9 section #b7;b72 7#d7 rehabilitate1 mod]nize1 f9ance1 & con/ruct real prop]ty s z to comply ) su* /&>ds z ! ,au?ority %all require to enc\rage maximum environm5tal p]=mance1 includ+-- 7,a7 us+ l[-embodi$ c>bon con/ruction mat]ials1 z det]m9$ us+ a ,type ,,iii ,environm5tal ,product ,decl>ation 7or a successor docum5t7 & 9 coord9ation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy2 7,b7 enc\rag+ z]o indoor or outdoor air emissions2 7,c7 ensur+ accessibility ( ! prop]ty 9 accordance )-- 7i7 section #ejd ( ! ,rehabilitation ,act ( #aigc 7#bi ,u4,s4,c4 #gid72 7ii7 titles ,,ii & ,,iii ( ! ,am]icans ) ,disabilities ,act ( #aiij 7#db ,u4,s4,c4 #abaca et seq42 #db ,u4,s4,c4 #abaha et seq472 7iii7 ! ,ar*itectural ,b>ri]s ,act ( #aifh 7#db ,u4,s4,c4 #daea et seq472 & 7iv7 ! requirem5ts "u section #hjd7;f77#c77;,c7 ( ! ,fair ,h\s+ ,act 7#db ,u4,s4,c4 #cfjd7;f77#c77;,c77 relat+ to design & con/ruction2 7,d7 reflect+ ! highe/ int]national ar*itectural /&>ds & ! ar*itectural /&>ds ( ! neighborhood & ! community 9 :i* ! real prop]ty is situat$2 & 7,e7 employ+ innovative design pr9ciples & mat]ials to advance public safety1 fire safety & social infra/ructure2 7#e7 advance ! /reaml9+ ( con/ruction proc$ures & developm5t processes1 :i* %all include engag+ ) jurisdictions on p]mitt+ & zon+ re=m1 )9 & across all levels ( gov]nm5t to r$uce project "t & co/ burd51 :ile ma9ta9+ high-quality /&>ds2 7#f7 e/abli% & use model policies & proc$ures = engag+ community memb]s1 includ+ community memb]s at highe/ risk ( h\s+ displacem5t & unaf=dability1 & local gov]nm5ts to ensure projects lev]age community exp]tise & responsive fe$back to accurately & equitably assess & address local or regional ne$s = additional h\s+2 7#g7 convey acquir$ real prop]ty to eligible entities t w use x to gu>antee af=dable1 habitable1 & environm5tally su/a9able h\s+ to extremely l[-income families1 l[-income families1 & mod]ate-income families2 7#h7 f9ance & support ! transf] ( acquir$ prop]ty to eligible entities1 :i* may include te*nical assi/ance1 adm9i/rative support1 or ongo+ op]ational support2 7#i7 provide an appropriate & exp$i5t mann] = own]s ( di/ress$ prop]ties to transf] own]%ip ( ^? prop]ties to ! ,au?ority2 7#aj7 /abilize neighborhoods by r$uc+-- 7,a7 =eclosures2 & 7,b7 blight$ or neglect$ real prop]ty2 7#aa7 across ! portfolio ( ! ,au?ority's prop]ties1 enc\rage a range ( h\s+ types t accommodate homeless families1 families at risk ( homelessness1 & extremely l[-income families1 l[-income families1 & mod]ate-income families unable to af=d m>ket r5ts2 7#ab7 promote int5tional placem5t ( h\s+ 9 a balance ( neighborhoods af=d+ future resid5ts *oice 9 :]e !y live1 :i* may include proximity to "w1 transit1 *ildc>e1 education1 heal?c>e1 access to food1 & culturally relevant community res\rces2 7#ac7 ensure t1 )9 any real prop]ty-- 7,a7 ! quality ( comp>able dwell+ units does n mat]ially diff] betwe5 units at v>i\s price levels2 7,b7 access to s]vices & facilities does n mat]ially diff] betwe5 units at v>i\s price levels2 & 7,c7 units at v>i\s price levels are n-- 7i7 physically locat$ ap>t f "o ano!r2 or 7ii7 outw>dly id5tifiable accord+ to af=dability level2 7#ad7 e/abli% dignifi$1 accessible1 & /reaml9$ processes = resid5ts t m9imize in=mation collection burd51 ensure privacy1 & r$uce b>ri]s to access+ & ma9ta9+ af=dable h\s+2 7#ae7 coord9ate ) ! ,secret>y ( ,heal? & ,human ,s]vices1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,education to facilitate collaborative or co-locat$ supportive s]vice programs1 :i* may include-- 7,a7 *ildc>e & e>ly *ildhood education2 7,b7 out-(-s*ool "t programs2 7,c7 food & nutrition programs2 7,d7 heal? c>e programs2 7,e7 programs = old] adults2 & 7,f7 o!r programs2 7#af7 acquire h\s+ t enables ! ,au?ority to assi/ p :o wi% to volunt>ily relocate out ( areas at high risk = extreme wea!r & into saf]1 af=dable h\s+2 7#ag7 9 areas affect$ by a natural disa/] or em]g5cy decl>ation1 acquire h\s+ & assi/ ) relocation & ! provision ( safe1 af=dable h\s+2 7#ah7 enc\rage public l& bank+ = p]man5tly af=dable social h\s+2 7#ai7 pres]ve & improve exi/+ public h\s+ developm5ts & af=dable h\s+ /ock2 7#bj7 provide relief to mortgage borr[]s exp]i5c+ risk ( =eclosure & pres]ve home[n]%ip 9 times ( economic di/ress or m>ket in/ability2 & 7#ba7 affirmatively fur!r fair h\s+ by ov]com+ patt]ns ( segregation1 elim9at+ inequities 9 access to h\s+ & relat$ community assets1 & fo/]+ inclusive communities free f b>ri]s t re/rict access to opportunity bas$ on protect$ *>act]i/ics4 #f4 ,p[]s & duties 7a7 ,acquisition & pur*ase 7#a7 ,9 g5]al ,! ,au?ority may acquire or pur*ase any real e/ate prop]ty = use z social h\s+ ?r\gh any legal means1 includ+ z provid$ 9 ?is subsection4 7#b7 ,rights ( fir/ negotiation1 (f]1 & refusal 7,a7 ,9 g5]al ,subject to any applicable contract 9 effect on ! date ( enactm5t ( ?is ,act1 & subject to ! "r ( fir/ refusal all[$ by section #db7;i77#g7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! own] ( any real prop]ty provid$ assi/ance by ! ,dep>tm5t1 includ+ public h\s+ units & l& subject to demolition1 disposition1 or conv]sion1 %all af=d ! ,au?ority a "r ( fir/ negotiation1 fir/ (f]1 & fir/ refusal to pur*ase1 acquire1 or o!rwise receive ! real prop]ty at a price t does n exce$ ! sum (-- 7i7 ! am\nt ( out/&+ indebt$ness secur$ by ! real prop]ty2 & 7ii7 any associat$ am\nt ( ,f$]al1 ,/ate1 or local tax or o!r contractual liability project$ to be impos$ z a result ( ! sale1 disposition1 transf]1 or o!r conveyance ( ! real prop]ty to ! ,au?ority "u ?is subsection4 7,b7 ,relocation ,relocation ( a h\sehold due to any acquisition1 rehabilitation1 or demolition "u ?is section ( any prop]ty assi/$ by ! ,dep>tm5t %all be subject to ! ,uni=m ,relocation ,assi/ance & ,real ,prop]ty ,acquisition ,policies ,act ( #aigj 7#db ,u4,s4,c4 #dfja et seq47 & "p #bd ( title #di1 ,code ( ,f$]al ,regulations1 or any successor regulation4 7#c7 ,em95t doma9 7,a7 ,p[] ,! ,au?ority may acquire prop]ties = ! purposes describ$ 9 section #e by ! ex]cise ( ! "r ( em95t doma9 9 a c\rt ( compet5t jurisdiction4 7,b7 ,scope ( p[] ,! ,au?ority-- 7i7 %all use ! em95t doma9 p[] ( ! ,au?ority-- 7,i7 9 a mann] consi/5t ) ! purposes describ$ 9 section #e2 & 7,,ii7 to pres]ve & create social h\s+2 & 7ii7 may use ! em95t doma9 p[] ( ! ,au?ority-- 7,i7 if resid5ts ( f$]ally assi/$ h\s+ =m a t5ant organization & petition ! ,au?ority to acquire ! prop]ty2 7,,ii7 if a ,/ate or local gov]nm5t is seek+ to block ! developm5t ( af=dable h\s+ 7includ+ a project n already support$ by ! ,au?ority72 or 7,,iii7 to support transit-ori5t$ developm5t4 7,c7 ,prohibit$ uses ,! ,au?ority may n use ! em95t doma9 p[] ( ! ,au?ority-- 7i7 = widespread displacem5t ( individuals or families2 7ii7 = ! de/ruction ( communities2 7iii7 9 a mann] t is t>get$ on ! basis ( any protect$ *>act]i/ic2 or 7iv7 = ! developm5t ( a highway or o!r simil> infra/ructure project t is ancill>y to or n requir$ = ! pres]vation or creation ( af=dable h\s+4 7,d7 ,engagem5t ,:5 us+ ! em95t doma9 p[]1 ! ,au?ority %all-- 7i7 mean+fully engage ) communities affect$ by ! use ( ! em95t doma9 p[]2 7ii7 ent] into community b5efit agreem5ts to ensure displacem5t ?r\gh ! use ( ! em95t doma9 p[] is m9imiz$2 & 7iii7 provide reasonable alt]natives = any individuals displac$ or pot5tially h>m$ by ! use ( ! em95t doma9 p[]4 7#d7 ,receiv]%ip ,! ,au?ority may1 not)/&+ any o!r provision ( law1 take ov] z receiv] = resid5tial real e/ate prop]ties1 if appo9t$ by ! c\rt or (ficial au?oriz$ "u law to appo9t a receiv] = a f9ancial in/itution1 public h\s+ ag5cy1 or o!r entity1 to ensure ma9t5ance ( quality = ! b5efit ( ! inhabitants & ! community1 includ+ und]tak+ ma9t5ance & r5ovation activities necess>y to ma9ta9 or a*ieve compliance ) applicable build+1 safety1 heal?1 & habitability codes & requirem5ts4 7b7 ,op]ation & managem5t ,! ,au?ority may-- 7#a7 hold any real prop]ty acquir$ "u subsection 7a7 = ! purpose ( ma9ta9+ or increas+ social h\s+ /ock2 7#b7 op]ate real prop]ty describ$ 9 p>agraph 7#a7 z r5tal prop]ty & collect income2 & 7#c7 update & improve real prop]ty describ$ 9 p>agraph 7#a7 to ma9ta9 quality & conditions1 :i* may include actions to retr(it & update ! real prop]ty to be en]gy effici5t1 l[-c>bon1 safe1 heal?y1 climate-resili5t1 & accessible1 includ+ retr(its & updates =-- 7,a7 en]gy effici5cy1 includ+-- 7i7 in/all+ en]gy effici5t w9d[s2 7ii7 sup]-insulat+ ro(s & ext]ior walls2 7iii7 electrify+ wat] heat+2 7iv7 in/all+ electric heat pumps = heat+ or air condition+2 & 7v7 increas+ ! airtightness ( build+ envelopes1 heat recov]y sy/ems1 & v5tilation sy/ems2 7,b7 rem$iation to-- 7i7 elim9ate any mold1 asbe/os1 lead-bas$ pa9t1 lead-bas$ pa9t haz>ds1 lead pipes1 radon1 or o!r tox9s or contam9ants 9 ! real prop]ty or o!rwise affect+ resid5ts ( ! real prop]ty2 & 7ii7 utilize lea/ toxic build+ mat]ials2 7,c7 9-unit effici5cy upgrades1 includ+ in/all+ en]gy effici5t insulation & effici5t & all-electric appliances2 7,d7 provid+ dr9k+ wat]1 includ+ replac+ pipes & ensur+ compliance ) ! ,safe ,dr9k+ ,wat] ,act 7#db ,u4,s4,c4 #cjj;f et seq47 & o!r applicable /&>ds ( ! ,environm5tal ,protection ,ag5cy2 7,e7 en]gy sy/ems1 includ+ in/all+ r5ewable en]gy ro(tops1 r5ewable en]gy g5]ation1 & photovoltaic glass w9d[s1 pur*as+ clean en]gy grid supply 9 bulk1 & inve/+ 9 community-scale en]gy sy/ems2 7,f7 em]g5cy response1 includ+ in/all+ batt]y /orage = backup & rigid foam wall insulation 9 hurricane & e>?quake-prone areas to create %e> walls & resi/ance to /ructural damage f walls tilt+ or fall+ dur+ high w9ds or e>?quakes2 7,g7 transportation1 includ+ provid+ d$icat$ infra/ructure = transportation by bicycle1 electric bicycle1 micromobility1 or electric vehicles1 includ+ *>g+ /ations2 & 7,h7 o!rwise meet+ m9imum prop]ty /&>ds e/abli%$ by ! ,au?ority or ! ,secret>y4 7c7 ,support to eligible entities 7#a7 ,9 g5]al ,! ,au?ority-- 7,a7 may convey any real e/ate prop]ty own$ or held by ! ,au?ority to an eligible entity "u p>agraph 7#b7 = use z af=dable h\s+ "u section #g7;c72 7,b7 may n convey real prop]ty t is un9habitable "u ?is subsection unless ! ,au?ority has-- 7i7 tak5 any actions necess>y to br+ ! real prop]ty into compliance ) applicable build+1 safety1 heal?1 & habitability codes & requirem5ts2 or 7ii7 ent]$ into su* agreem5ts ) ! conveyee suffici5t to ensure t any actions necess>y to br+ ! real prop]ty into compliance ) applicable build+1 safety1 heal?1 & habitability codes & requirem5ts w be tak5 be=e ! prop]ty is occupi$2 7,c7 f9ance or assi/ 9 f9anc+ ! acquisition ( resid5tial real e/ate prop]ties by eligible entities "u p>agraph 7#b7 = use z af=dable h\s+2 7,d7 contract directly ) any eligible entity = ! purpose ( develop+ & manag+ an af=dable h\s+ project involv+ ! pur*ase or acquisition ( ! "r to use complet$ or remodel$ dwell+ units1 includ+ condom9ium units1 individual build+s t are "p ( a l>g] developm5t1 or a portion ( ! units 9 a multifamily developm5t1 or ! con/ruction ( new build+s1 except t-- 7i7 ! project %all be subject to rules & regulations promulgat$ by ! ,au?ority1 :i* %all include a proc$ure = provid+ public notice ( ! availability ( fund+ & a rank+ ( priority = projects accord+ to crit]ia = selection2 7ii7 ! project %all seek to reasonably comply ) any applicable laws1 ord9ances1 & regulations ( ! ,/ate & political subdivision !re( 9 :i* ! project is locat$1 relat+ to ! con/ruction & repair ( build+s1 zon+1 & ! protection ( public heal?2 & 7iii7 ! project budget may include capital funds to e/abli% spaces = supportive s]vices & funds to provide su* s]vices4 7#b7 ,eligible entities 7,a7 ,9 g5]al ,= purposes ( conveyance ( assets "u ?is subsection1 ! foll[+ entities %all be eligible entities3 7i7 ,a mission-driv5 nonpr(it organization t-- 7,i7 has z "o ( its prim>y purposes-- 7aa7 ! provision ( h\s+ t is af=dable to l[-income families & mod]ate-income families2 or 7bb7 ! provision ( evid5ce-bas$ supportive s]vices1 %elt]1 or h\s+ assi/ance = homeless p]sons or families or ^? at risk ( homelessness2 or 7,,ii7 is o!rwise consid]$ by ! ,au?ority z a suitable pur*as]4 7ii7 ,a t5ant organization1 resid5t-own$ coop]ative1 or community-l$ developm5t organization4 7iii7 ,a public h\s+ ag5cy4 7iv7 ,a ,/ate1 local1 or ,tribal gov]nm5tal ag5cy or o!r in/rum5tality4 7v7 ,a community l& tru/4 7vi7 ,su* o!r entities consid]$ by ! ,au?ority z suitable conveyees4 7,b7 ,ineligible entities 7i7 ,9 g5]al ,! ,au?ority %all e/abli% /&>ds = exclud+ entities f eligibility "u subp>agraph 7,a7 z appropriate to ensure ! pres]vation & p]man5t af=dability ( h\s+ & protection ( resid5ts4 7ii7 ,ma9t5ance ( nonpr(it eligibility ,! ,au?ority %all e/abli% proc$ures to ensure t any eligible entity t is a nonpr(it organization1 & to :i* a real prop]ty is convey$ "u ?is subsection1 ma9ta9s its nonpr(it /atus "u section #eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7,c7 ,use re/rictions ,a conveyance "u ?is subsection %all all be accompani$ by a p]man5tly af=dable social h\s+ use re/riction4 7,d7 ,requirem5t ,an eligible entity may receive conveyance ( a real prop]ty or mortgage "u ?is subsection only if ! eligible entity ent]s into su* b9d+ agreem5ts z ! ,au?ority consid]s necess>y to ensure t ! prop]ty involv$-- 7i7 is us$ z p]man5tly af=dable h\s+2 & 7ii7 _c be resold1 sold1 transf]r$1 or assign$ into ! private m>ket4 7,e7 ,rev]sion>y int]e/ 7i7 ,9 g5]al ,! ,au?ority %all hold a rev]sion>y int]e/ 9 ea* real prop]ty ! ,au?ority conveys to an eligible entity "u ?is subsection1 ) ! p[] to reclaim a real prop]ty if ! eligible entity is f\nd to h violat$ ! p]man5tly af=dable social h\s+ use re/riction4 7ii7 ,comp5sation ,if ! ,au?ority ex]cises ! rev]sion>y int]e/ "u clause 7i7 on a real prop]ty1 ! ,au?ority %all1 at ! "t ! ,au?ority ex]cises ! rev]sion>y int]e/1 comp5sate ea* /akehold] :o holds limit$ equity 9 ! real prop]ty4 7iii7 ,exception = public h\s+ ,clause 7i7 %all n apply to a real prop]ty t ! ,au?ority conveys to an eligible entity "u ?is subsection = use z public h\s+4 7,f7 ,limit$ equity ,a resid5t ( a real prop]ty acquir$ "u ?is subsection by an eligible entity may pur*ase limit$ equity 9 ! real prop]ty1 at ! discretion ( ! eligible entity4 7,g7 ,limits on pr(it ,an eligible entity or /akehold] claim+ limit$ equity 9 a real prop]ty convey$ by ! ,au?ority "u ?is subsection %all limit ! sum ( pr(it t may be tak5 on leasehold int]e/s & any %>es ( /ock1 equity1 or o!r f9ancial int]e/ 9 ! prop]ty to a rate ( #b p]c5t p] ye>1 comp\nd$ annually & adju/$ = inflation4 7d7 ,f9anc+ 7#a7 ,9 g5]al ,! ,au?ority may issue1 pur*ase1 acquire1 hold1 or s]vice a mortgage on any real e/ate prop]ty4 7#b7 ,di/ress$ mortgages ,! ,au?ority may seek to rec\p any losses incurr$ on a di/ress$ mortgage acquir$ "u p>agraph 7#a7 f ! responsible p>ty if ! ,au?ority det]m9es1 n lat] ?an #e ye>s aft] acquisition1 t ! mortgage fell into di/ress due to-- 7,a7 unfair or abusive t]ms or practices2 7,b7 fraud or deception2 or 7,c7 equity /ripp+ or o!r su* actions tak5 by an individual :o con/ructively owns ! real prop]ty or ex]cises control ov] ! real prop]ty4 7#c7 ,f9anc+ t5ant pur*ases ,! ,au?ority %all provide te*nical assi/ance & f9anc+ to support ! pur*ase ( r5tal prop]ties by t5ant organizations & community l& tru/s1 reg>dless ( incorporation /atus1 "u section #g & o!rwise1 :i* may include f9anc+ su* repairs & improvem5ts z may be necess>y to comply ) subsection 7c77#a77;,b77ii7 ( ?is section4 7e7 ,cle>+h\se ,to facilitate ! ex]cise ( ! p[]s "u subsections 7a7 ?r\gh 7d71 ! ,au?ority %all e/abli% a cle>+h\se-- 7#a7 = ! ,au?ority to provide notice (1 & to m>ket1 9 accordance ) ! requirem5ts ( ?is ,act1 real e/ate assets held by ! ,au?ority2 7#b7 = own]s ( di/ress$ real e/ate assets to provide notice ( ! availability (1 & to m>ket1 su* assets to ! ,au?ority2 & 7#c7 = public availability ( notices provid$ to ! ,au?ority "u section #aj4 7f7 ,rulemak+ ,! ,au?ority may promulgate any regulations necess>y to c>ry out ! p[]s1 duties1 & functions ( ! ,au?ority4 7g7 ,annual report to ,congress ,! ,au?ority %all annually provide a report to ,congress evaluat+ ! effectiv5ess ( ! ,au?ority's actions4 7h7 ,pres]vation ( af=dability ,! ,au?ority may monitor ! af=dability ( home[n]%ip & adopt int]nal policies or recomm5d congressional action1 z ne$$1 to pres]ve af=dability4 #g4 ,requirem5ts = social h\s+ provid]s 7a7 ,def9ition ,9 ?is section1 ! t]m social h\s+ provid] means-- 7#a7 ! ,au?ority act+ pursuant to section #f7;b77#b72 & 7#b7 an eligible entity1 ) respect to real prop]ty acquir$ "u section #f7;c77#a77;,a74 7b7 ,g5]al applicability ,a social h\s+ provid] t makes social h\s+ available = r5t %all comply ) ! requirem5ts ( ?is section4 7c7 ,accessibility & af=dability /&>ds ,! ,au?ority %all e/abli% af=dability & accessibility /&>ds = social h\s+1 :i* %all-- 7#a7 ensure t units ( social h\s+1 9 ! aggregate1 are truly f9ancially accessible to families at a range ( income levels1 includ+-- 7,a7 families :o are homeless or at risk-( homelessness2 & 7,b7 extremely l[-income families1 l[-income families1 & mod]ate-income families2 7#b7 ensure t n less ?an #dj p]c5t ( dwell+ units are set aside = extremely l[-income families 9 newly con/ruct$ units ( p]man5tly af=dable social h\s+ or o!r h\s+ units pres]v$ or rehabilitat$ z p]man5tly af=dable social h\s+2 7#c7 ensure t n less ?an #gj p]c5t ( dwell+ units are set aside = l[-income families & extremely l[-income families2 & 7#d7 take into consid]ation-- 7,a7 requirem5ts = af=dable h\s+ "u o!r programs = assi/ance = af=dable h\s+2 7,b7 ,f$]al income ?re%olds 9 section #bae7;a7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgde7;a772 7,c7 neighborhood-scale r5tal m>kets1 :i* may include ,small ,area ,fair ,m>ket ,r5t /&>ds publi%$ by ! ,dep>tm5t2 & 7,d7 h\sehold f9ancial exp5ditures1 burd5s1 or co/s1 & hi/orical legacies ( exclusion1 due to :i* ! ,secret>y may e/abli% new1 compreh5sive income ?re%olds1 m g5]\s ?an ! ?re%olds describ$ 9 subclause 7,,ii7 z reasonably feasible & 9 accordance ) f9ancial su/a9ability4 7d7 ,r5ts 7#a7 ,initial r5t ,a social h\s+ provid] %all set ! initial annual r5t plus ! sum ( fees *>g$ to a h\sehold liv+ 9 p]man5tly af=dable social h\s+ at #be p]c5t ( ! adju/$ gross income ( ! h\sehold4 7#b7 ,increases ,an increase 9 r5t = a prop]ty describ$ 9 p>agraph 7#a7 may n exce$ ! less] (-- 7,a7 #c p]c5t p] ye>2 or 7,b7 ! p]c5tage increase 7if any7 9 ! ,consum] ,price ,index s9ce ! previ\s r5t increase4 7#c7 ,recalibration ,r5t = a prop]ty describ$ 9 p>agraph 7#a7 %all be recalibrat$ to #be p]c5t ( ! h\sehold's adju/$ gross income-- 7,a7 n less frequ5tly ?an once e #e ye>s2 7,b7 :5 ! h\sehold's adju/$ gross income1 z def9$ by ! ,secret>y1 *anges by #aj p]c5t or m2 & 7,c7 :5 ! h\sehold reque/s a recalibration due to economic h>d%ip "u a process e/abli%$ by ! ,au?ority4 7#d7 ,public h\s+ r5tal guidel9es & =mula ,! r5tal guidel9es & =mula describ$ 9 section #c7;a7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7a77 %all sup]s$e p>agraphs 7#a71 7#b71 & 7#c7 ( ?is subsection ) respect to r5t = a real prop]ty convey$ to a public h\s+ ag5cy "u section #g7;c7 = use & op]ation z public h\s+4 7e7 ,resid5t1 applicant1 & t5ant protections 7#a7 ,9 g5]al ,a social h\s+ provid] %all comply ) ! resid5t1 applicant1 & t5ant protections "u ?is subsection4 7#b7 ,j-cause evictions 7,a7 ,9 g5]al ,a social h\s+ provid] may n t]m9ate or refuse to r5ew a t5ancy except = j cause & only pursuant to advance writt5 notice to ! t5ant & evid5ce ( su* j cause1 9 accordance ) ?is subp>agraph4 7,b7 ,def9ition ( j cause ,= ! purposes ( ?is p>agraph1 ! t]m j cause means-- 7i7 at-fault j case1 z describ$ 9 subp>agraph 7,c72 or 7ii7 no-fault j cause1 z describ$ 9 subp>agraph 7,d74 7,c7 ,at-fault j-cause 7i7 ,gr\nds ,= purposes ( ?is p>agraph1 at-fault j cause gr\nds = eviction are any ( ! foll[+3 7,i7 ,! t5ant's failure to pay r5t4 7,,ii7 ,! t5ant's engagem5t 9 s]i\s crim9al activity on ! premises t poses an imm95t & direct ?reat to ! heal? or safety ( o!r t5ants4 7,,iii7 ,! t5ant caus+ sub/antial damage to ! premises aft] be+ issu$ a writt5 notice to correct ! violation4 7,,iv7 ,! t5ant ma9ta9+1 committ+1 or p]mitt+ ! ma9t5ance or commission ( a nuisance at ! prop]ty4 7,v7 ,! t5ant p]mitt+ ! premises to be us$ = a crim9al purpose4 7,,vi7 ,! t5ant's refusal to execute ! social h\s+ provid]'s reque/ = a writt5 ext5sion or r5ewal ( a lease bas$ on t]ms simil> to ! t]ms ( ! t5ant's prior lease )\t an unreasonable r5t increase4 7,,vii7 ,! t5ant's refusal to deliv] possession ( ! premises aft] provid+ writt5 notice to ! social h\s+ provid] ( ! int5t to t]m9ate ! t5ancy & aft] ! social h\s+ provid]'s acceptance ( t notice4 7ii7 ,notice 7,i7 ,notice ( violation ,be=e a social h\s+ provid] issues a notice to t]m9ate a t5ancy = at-fault j cause bas$ on a curable lease violation1 z def9$ by ! ,au?ority1 ! social h\s+ provid] %all fir/ give ! t5ant writt5 notice ( ! violation & ! opportunity to cure ! violation )9 a reasonable p]iod ( "t1 subject to ! "t p]iods specifi$ 9 p>agraph 7#aj77;,a74 7,,ii7 ,notice ( t]m9ation ( t5ancy ,if a t5ant does n cure a violation )9 ! reasonable p]iod ( "t set =? 9 a notice "u subclause 7,i71 ! social h\s+ provid] may s]ve ! t5ant ) a notice ( t]m9ation ( t5ancy )\t a fur!r opportunity to cure ! violation4 7,,iii7 ,uncurable lease violations ,no?+ 9 ?is clause %all be con/ru$ to require notice 9 ! case ( an uncurable lease violation1 z def9$ by ! ,au?ority4 7iii7 ,unreasonable r5t increase ,= purposes ( ?is subp>agraph1 ! t]m unreasonable r5t increase means an increase 9 r5t t exce$s ! less] (-- 7,i7 #c p]c5t p] ye>2 or 7,,ii7 ! p]c5tage increase 7if any7 9 ! ,consum] ,price ,index s9ce ! previ\s r5t increase4 7iv7 ,limitation 7,i7 ,9 g5]al ,not)/&+ clauses 7i71 7ii71 & 7iii71 a social h\s+ provid] may n unfairly p5alize an individual or an individual's h\sehold bas$ on ! individual's crim9al hi/ory or m9or legal infractions4 7,,ii7 ,au?ority ,to c>ry out subclause 7,i71 ! ,au?ority1 act+ ?r\gh ! ,bo>d by rulemak+ aft] notice & an opportunity = public comm5t-- 7aa7 may def9e :at activities1 crimes1 & convictions1 if any1 may result 9 t]m9ation ( a lease or exclusion ( a resid5t f social h\s+2 & 7bb7 %all e/abli% inclusive proc$ures1 policies1 & regulations to support ! re9tegration ( individuals ) crim9al records into communities to ensure !y h access to /able h\s+4 7,d7 ,no-fault j-cause 7i7 ,gr\nds ,= purposes ( ?is p>agraph1 no-fault j cause gr\nds = eviction are ! foll[+3 7,i7 ,! social h\s+ provid] int5ds to remove ! dwell+ unit f ! r5tal m>ket or sub/antially remodel or demoli% ! dwell+ unit4 7,,ii7 ,! social h\s+ provid] is requir$ to comply ) a local ord9ance or an ord] f a c\rt or o!r gov]nm5tal entity :i* requires ! t5ant to vacate ! prop]ty4 7ii7 ,relocation co/s ,9 ! case ( a no-fault j cause t]m9ation ( t5ancy1 ! evict+ social h\s+ provid] %all assi/ ! t5ant ) relocation co/s reg>dless ( ! t5ant's income by provid+-- 7,i7 a direct paym5t ( #a mon?'s r5t2 or 7,,ii7 a writt5 waiv] ( ! t5ant's la/ mon? ( r5t4 7,e7 ,no waiv] ( rights ,any waiv] ( rights provid$ by ?is p>agraph %all be void4 7#c7 ,prohibit+ discrim9ation on ! basis ( s\rce ( income 7,a7 ,prohibition ,! ,au?ority %all ensure t ) respect to any unit ( p]man5tly af=dable social h\s+1 no p]son may engage 9 any conduct because ( ! s\rce ( income ( a p]son t w\ld be unlawful "u ! ,fair ,h\s+ ,act 7#db ,u4,s4,c4 #cfja et seq47 if ! conduct 7 engag$ 9 because ( a protect$ *>act]i/ic "u t ,act4 7,b7 ,s\rce ( income ,= purposes ( ?is subp>agraph1 ! t]m s\rce ( income includes-- 7i7 a h\s+ v\*] "u section #h ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7 & any =m ( ,f$]al1 ,/ate1 or local h\s+ assi/ance provid$ to a family or provid$ to a h\s+ own] on behalf ( a family1 includ+ r5tal v\*]s1 r5tal assi/ance1 & r5tal subsidies f nongov]nm5tal organizations2 7ii7 any am\nt receiv$ by an individual 7includ+ any am\nt to :i* an individual is entitl$ = :i* paym5t is made to a repres5tative payee7 by reason ( entitlem5t to-- 7,i7 a mon?ly b5efit "u title ,,ii or ,,xvi ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dja et seq41 #acha et seq472 or 7,,ii7 a b5efit "u ! ,railroad ,retirem5t ,act ( #aigd 7#de ,u4,s4,c4 #bca et seq472 7iii7 income receiv$ by c\rt ord]1 includ+ sp\sal support & *ild support2 7iv7 any paym5t f a tru/1 gu>dian1 or cons]vator2 & 7v7 any o!r lawful s\rce ( income4 7#d7 ,admissions re/rictions 7,a7 ,scre5+ ,a social h\s+ provid] may scre5 applicants = p]man5tly af=dable social h\s+ solely = ! purpose ( det]m9+ _! ability to pay r5t or o!rwise comply ) ! mat]ial t]ms ( ! lease1 provid$ ! scre5+ process & crit]ia comply ) subp>agraph 7,b74 7,b7 ,rules & proc$ures ,a social h\s+ provid] may n discrim9ate 9 a mann] prohibit$ by-- 7i7 section #hjd ( ! ,fair ,h\s+ ,act 7#db ,u4,s4,c4 #cfjd72 or 7ii7 section #gja7;a7 ( ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia7;a774 7#e7 ,prohibit$ bases ( discrim9ation ,a social h\s+ provid] may n implem5t any rules or proc$ures t d5y or discrim9ate aga9/ an eligible applicant = p]man5tly af=dable social h\s+ solely on ! basis (-- 7,a7 irrelevant crim9al hi/ory1 9 accordance ) ! f9al rule ( ! ,dep>tm5t entitl$ ,r$uc+ ,b>ri]s to ,,hud-,assi/$ ,h\s+1 publi%$ 9 ! ,f$]al ,regi/] on ,april #aj1 #bjbd 7#hi ,f$4 ,reg4 #beccb72 7,b7 cr$it hi/ory2 or 7,c7 any o!r in=mation t is n directly relat$ to1 or directly pr$ictive (1 an applicant's ability to pay r5t or o!rwise comply ) ! mat]ial t]ms ( ! lease4 7#f7 ,democratic control ,9 ! case ( social h\s+ t is a multifamily r5tal prop]ty1 t5ants %all h control ( liv+ & op]at+ conditions 9 ! prop]ty ?r\gh a democratically elect$ resid5t organization1 bo>d1 or c\ncil4 7#g7 ,resid5t associations & t5ant organizations ,resid5ts ( p]man5tly af=dable social h\s+ %all h ! "r to organize to =m resid5t associations & t5ant organizations ) automatic b>ga9+ rights to address issues relat$ to _! liv+ environm5t4 7#h7 ,"r to return )\t re-scre5+ ,a h\sehold t mu/ relocate f a dwell+ unit 9 a prop]ty tempor>ily due to ! ,au?ority's acquisition1 rehabilitation1 or demolition ( ! prop]ty %all h a "r to return to ! prop]ty & %all n be exclud$ f occupancy bas$ on any re-scre5+1 income eligibility1 or income t>get+4 7#i7 ,phas$-9 r5t increase ,9 ! case ( a h\sehold occupy+ a dwell+ unit 9 a prop]ty t initially is n social h\s+ & has a r5t l[] ! maximum r5tal all[$ "u subsection 7d71 ^u conv]sion ( ! prop]ty to p]man5tly af=dable social h\s+1 ! social h\s+ provid] %all phase 9 any pot5tial r5t increase at a rate t does n exce$1 ov] any #e-ye> p]iod1 #aj p]c5t ea* ye>4 7#aj7 ,resid5t proc$ural rights 9 leases 7,a7 ,9 g5]al ,a lease = occupancy ( a dwell+ unit 9 p]man5tly af=dable social h\s+ %all incorporate ea* item "u ?is p>agraph4 7,b7 ,t]m9ation notification ,! social h\s+ provid] %all provide adequate writt5 notice ( t]m9ation ( ! lease1 :i*-- 7i7 except z provid$ 9 clause 7ii71 may n be few] ?an #cj days2 or 7ii7 if a t5ant is engag+ 9 s]i\s crim9al activity on ! premises t poses an imm95t & direct ?reat to ! heal? & safety ( o!r t5ants1 may n exce$ #cj days4 7,c7 ,grievance process 7i7 ,opportunity = in=mation he>+ ,= any dispute1 t]m9ation ( assi/ance1 eviction1 or o!r adv]se det]m9ations relat$ to a resid5t's t5ancy1 welf>e1 or /atus1 ! social h\s+ provid] %all provide ! resid5t an opportunity = an in=mal he>+4 7ii7 ,notice ( opportunity to reque/ in=mal he>+ ,a social h\s+ provid] %all provide resid5ts notice ( ! opportunity to reque/ an in=mal he>+ describ$ 9 clause 7i74 7iii7 ,rule ( con/ruction ,?is subp>agraph %all n provide any "r to an in=mal he>+ = a class grievance or to settle a dispute betwe5 resid5ts n involv+ ! social h\s+ provid]4 7f7 ,additional requirem5ts = social h\s+ provid]s 7#a7 ,wait+ li/ 7,a7 ,9 g5]al 7i7 ,e/abli%m5t ( wait+ li/s & resid5t selection & transf] policy 7,i7 ,wait+ li/s ,! ,au?ority %all e/abli%-- 7aa7 a wait+ li/ = all social h\s+2 or 7bb7 a wait+ li/ = ea* social h\s+ site4 7,,ii7 ,resid5t selection & transf] policy ,! ,au?ority %all e/abli% a resid5t selection & transf] policy "u :i* individuals on an exi/+ wait+ li/ ma9ta9$ by a public h\s+ ag5cy may be transf]r$ to a wait+ li/ e/abli%$ "u subclause 7,i74 7ii7 ,priority = resid5ts ( occupi$ prop]ties to reside 9 prop]ty ,9 ! case ( an occupi$ prop]ty t is conv]t$ to social h\s+1 exi/+ t5ants %all receive priority to live 9 ! social h\s+4 7iii7 ,public h\s+ ,! ,au?ority %all det]m9e ! be/ policies & proc$ures to transition applicants f any public h\s+ wait+ li/ to a social h\s+ wait+ li/ e/abli%$ "u clause 7i77,i71 & %all consid]-- 7,i7 transf]r+ applicants f an exi/+ site-bas$ public h\s+ wait+ li/ to a new site-bas$ social h\s+ wait+ li/2 7,,ii7 transf]r+ applicants f an exi/+ site-bas$ public h\s+ wait+ li/ to a wait+ li/ = all social h\s+2 7,,iii7 transf]r+ an exi/+ community-wide public h\s+ wait+ li/ to a diff]5t community-wide social h\s+ wait+ li/2 & 7,,iv7 in=m+ applicants on a community-wide public h\s+ wait+ li/ h[ to transf] _! application to #a or m newly creat$ site-bas$ social h\s+ wait+ li/s4 7,b7 ,means ( contact ,! own] ( a real prop]ty be+ conv]t$ to p]man5tly af=dable social h\s+ & ! social h\s+ provid] may det]m9e ! mo/ appropriate means ( in=m+ applicants on any public h\s+ or social h\s+ community-wide wait+ li/ 9 ! community 9 :i* ! prop]ty is locat$ ab\t ! opportunity to apply =1 or be transf]r$ to a wait+ li/ =1 ! new social h\s+1 giv5 ! numb] ( applicants1 available res\rces1 & ! admissions requirem5ts ( ! prop]ty1 includ+-- 7i7 contact+ ea* applicant on ! wait+ li/ by direct mail or email2 7ii7 adv]tis+ ! availability ( h\s+ to ! population t is less likely to apply1 bo? m9ority & non-m9ority gr\ps1 ?r\gh v>i\s =ms ( m$ia )9 ! m>ket+ area1 su* z radio /ations1 po/]s1 & newspap]s2 7iii7 in=m+ local nonpr(it entities & advocacy gr\ps1 su* z disability rights gr\ps2 & 7iv7 conduct+ o!r outrea* z appropriate4 7,c7 ,requirem5ts 7i7 ,p]sons ) disabilities or limit$ ,engli% pr(ici5cy ,any activity by a social h\s+ provid] to contact applicants on a public h\s+ wait+ li/ or social h\s+ wait+ li/ %all be conduct$ 9 a mann] t ensures-- 7,i7 effective communication ) p]sons ) disabilities2 & 7,,ii7 mean+ful access = p]sons ) limit$ ,engli% pr(ici5cy 7:i* may include communications 9 languages o!r ?an ,engli%74 7ii7 ,site-bas$ wait+ li/ ,:5 us+ a site-bas$ wait+ li/1 a social h\s+ provid] %all consid] wait+ li/ & transf] policies t exp& opportunities = t5ants seek+ an em]g5cy transf] "u1 or consi/5t )1 ! own]'s em]g5cy transf] plan1 & all[+ = easi] moves betwe5 assi/$ prop]ties4 7,d7 ,adm9i/ration ,aft] ! initial wait+ li/ has be5 e/abli%$ = a social h\s+ prop]ty1 ! social h\s+ provid] %all adm9i/] ! wait+ li/ 9 a mann] t facilitates ! fair & uni=m treatm5t ( applicants =1 resid5ts (1 & units at ! prop]ty1 9 accordance ) all applicable civil rights & fair h\s+ laws & regulations4 7#b7 ,access to records ,a social h\s+ provid] %all coop]ate ) any reasonable reque/s = in=mation made by ! ,au?ority 7if applicable71 an applicant1 or a resid5t1 includ+ to support ! p]man5tly af=dable social h\s+ program evaluation1 & includ+ project f9ancial /atem5ts1 op]at+ data1 & rehabilitation "w4 7#c7 ,op]at+ budget ,a social h\s+ provid] t is an eligible entity %all-- 7,a7 submit to ! ,au?ority annually an op]at+ budget = ! p]man5tly af=dable social h\s+ & su* o!r in=mation z ! ,au?ority consid]s necess>y to assess ! f9ancial heal? ( ! p]man5tly af=dable social h\s+2 & 7,b7 det]m9e annually :e!r ! p]man5tly af=dable social h\s+-- 7i7 is g5]at+ excess ca% t %all be re9ve/$ or return$ to ! ,au?ority2 or 7ii7 is 9 ne$ ( op]at+ assi/ance1 includ+ adequate capitalization ( res]ves = replacem5t1 f ! ,au?ority4 7#d7 ,re9ve/m5t ( surplus ,a social h\s+ provid] %all prioritize any re9ve/m5t ( surplus op]at+ funds = social h\s+ dwell+ units = families ^: h\sehold incomes are at or bel[ #cj p]c5t ( area m$ian income4 7#e7 ,economic opportunities = l[- & v l[-income p]sons ,! op]ation ( p]man5tly af=dable social h\s+ %all be consid]$ a program t provides h\s+ & community developm5t assi/ance = purposes ( section #c ( ! ,h\s+ & ,urban ,developm5t ,act ( #aifh 7#ab ,u4,s4,c4 #agjau74 7g7 ,private "r ( action ,a t5ant ( a p]man5tly af=dable social h\s+ :o is *>g$ a r5t t exce$s ! am\nt p]mitt$ "u subsection 7d7 or :o is evict$ 9 violation ( subsection 7e7 may br+ 9 an appropriate di/rict c\rt ( ! ,unit$ ,/ates a civil action to obta9 injunctive relief1 comp5satory damages & punitive damages1 or su* o!r relief z ! c\rt may consid] to be appropriate4 #h4 ,labor & ,buy ,am]ica provisions 7a7 ,9 g5]al ,9 c>ry+ out _! respective au?orities "u ?is ,act1 ! ,au?ority & ea* eligible entity -- 7#a7 %all ensure t con/ruction mat]ials & manufactur$ products us$ are-- 7,a7 sub/antially manufactur$1 m9$1 & produc$ 9 ! ,unit$ ,/ates 9 accordance ) section #hcjb ( title #da1 ,unit$ ,/ates ,code 7includ+ ! am5dm5ts to t section made by ! ,build ,am]ica1 ,buy ,am]ica ,act 7subtitle ,a ( title ,,ix ( division ,g ( ! ,infra/ructure ,inve/m5t & ,jobs ,act 7#da ,u4,s4,c4 #hcja note2 ,public ,law #aag-eh7772 & 7,b7 to protect work]s & resid5ts1 includ$ 9 ! ,recomm5dations ( ,specifications1 ,/&>ds1 & ,ecolabels = ,f$]al ,pur*as+ li/ 7or a successor docum5t7 develop$ "u ! ,environm5tally ,pref]able ,pur*as+ ,program ( ! ,environm5tal ,protection ,ag5cy2 7#b7 %all ensure t all labor]s & me*anics employ$ by contractors or subcontractors 9 ! p]=mance ( con/ruction1 prosecution1 completion1 or repair "w c>ri$ out1 9 :ole or 9 "p1 ) assi/ance made available "u ?is ,act1 includ+ negotiable in/rum5ts describ$ 9 section #d7;d71 %all be paid wage rates n less ?an ^? prevail+ on projects ( a simil> "* 9 ! locality1 z det]m9$ by ! ,secret>y ( ,labor1 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code2 7#c7 ) respect to any con/ruction project = :i* ! total e/imat$ co/ ( ! con/ruction is #be1jjj1jjj or m1 %all ensure ea* contractor & subcontractor engag$ 9 ! con/ruction on ! project agrees1 = ! project1 to negotiate or become a p>ty to a project labor agreem5t z t t]m is def9$ 9 section #bb4ejb ( title #dh1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( enactm5t ( ?is ,act72 7#d7 may n hire employees ?r\gh a tempor>y /aff+ ag5cy1 unless ! project is n be+ c>ri$ out "u a project labor agreem5t & ! relevant ,/ate work=ce ag5cy c]tifies t tempor>y employees are necess>y to address an acute1 %ort-t]m labor dem&2 7#e7 %all implem5t measures to ensure t outrea* & recruitm5t ef=ts ext5d to local & und]repres5t$ communities1 includ+ ?r\gh support = pre-appr5tice%ip programs or ! adoption ( local hire provisions to ! ext5t p]mitt$ by law2 7#f7 %all adopt-- 7,a7 an explicit policy on any issue involv+ ! organization ( employees1 includ+ ! employees ( all contractors & subcontractors engag$ 9 ! con/ruction on ! project1 = purposes ( collective b>ga9+1 n to det] ! employees ) respect to-- 7i7 labor organiz+ = ! employees engag$2 & 7ii7 ! employees' *oice to =m & jo9 labor organizations2 7,b7 su* policies t require-- 7i7 ! po/+ & ma9t5ance ( notices 9 ! workplace to notify ! employees ( _! rights "u ! ,national ,labor ,relations ,act 7#bi ,u4,s4,c4 #aea et seq472 7ii7 t ! employees are1 at ! beg9n+ ( _! employm5t1 provid$ notice & in=mation reg>d+ ! employees' rights "u ! ,national ,labor ,relations ,act2 & 7iii7 an employ] to volunt>ily recognize a labor organization 9 cases :]e a majority ( ! employees h jo9$ & reque/$ repres5tation2 & 7,c7 a safety & heal? program t includes all ! core elem5ts ( a workplace safety & heal? program1 z recomm5d$ by ! ,occupational ,safety & ,heal? ,adm9i/ration2 7#g7 %all consid] an individual p]=m+ any s]vice = ! social h\s+ provid]1 a contractor1 or subcontractor z an employee1 & n an indep5d5t contractor1 unless-- 7,a7 ! individual is free f control & direction 9 connection ) ! p]=mance ( ! s]vice1 bo? "u ! contract = ! p]=mance ( ! s]vice & 9 fact2 7,b7 ! s]vice is p]=m$ outside ! usual c\rse ( ! bus9ess ( ! social h\s+ provid]1 contractor1 or subcontractor1 respectively2 & 7,c7 ! individual is cu/om>ily engag$ 9 an indep5d5tly e/abli%$ trade1 occupation1 pr(ession1 or bus9ess ( ! same nature z t involv$ 9 su* s]vice2 & 7#h7 %all ensure t ! in/allation1 op]ation1 & ma9t5ance ( electric vehicle *>g]s by qualifi$ te*nicians meets ! /&>ds describ$ 9 section #fhj4ajf7;j7 ( title #bc1 ,code ( ,f$]al ,regulations1 or any successor regulation4 7b7 ,action ,to en=ce indep5d5t contractor requirem5t ,a ?ird p>ty1 includ+ a ,/ate or local gov]nm5t1 may br+ an action 9 any c\rt ( compet5t jurisdiction to en=ce ! requirem5t "u subsection 7a77#g74 7c7 ,au?ority = c]ta9 labor /&>ds ,) respect to ! labor /&>ds specifi$ 9 subsection 7a77#b71 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,numb]$ #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 #i4 ,duty to s]ve 7a7 ,duty ,to fur!r ! purposes ( ?is ,act1 ! ,au?ority %all s]ve rural & ,native communities4 7b7 ,evaluation & report+ ( compliance 7#a7 ,evaluation me?od ,! ,au?ority %all1 by regulation1 e/abli% effective = #bjbe & ea* ye> !reaft] a me?od = evaluat+ :e!r1 & ! ext5t to :i*1 ! ,au?ority has compli$ ) ! duty "u subsection 7a7 & = rat+ ! ext5t ( su* compliance4 7#b7 ,annual evaluation ,us+ ! me?od e/abli%$ "u p>agraph 7#a71 ! ,au?ority %all1 = #bjbe1 & ea* ye> !reaft]1 evaluate compliance describ$ 9 t subp>agraph & rate its p]=mance z to ext5t ( compliance4 7#c7 ,annual report ,! ,au?ority %all annually publi% & submitt$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report t conta9s ! evaluation & rat+ = ! ye> z describ$ 9 p>agraph 7#b74 #aj4 ,community & t5ant opportunity ,to pur*ase multifamily r5tal prop]ties 7a7 ,def9itions ,9 ?is section3 7#a7 ,approv$ /atem5t ( int]e/ ,! t]m approv$ /atem5t ( int]e/1 ) respect to a prop]ty1 means a qualify+ t5ant organization's /atem5t ( int]e/ 9 pur*as+ ! prop]ty t has be5 approv$ by ! ,au?ority4 7#b7 ,cov]$ r5tal prop]ty ,! t]m cov]$ r5tal prop]ty-- 7,a7 means multifamily h\s+ t conta9s #c or m sep>ate r5tal dwell+ units &-- 7i7 receiv$ a cr$it "u section #da ( ! ,int]nal ,rev5ue ,code ( #aihf by reason ( subsection 7h77#d77;,b7 ( t section2 7ii7 has a mortgage made by ! ,secret>y ( ,agriculture "u section #eae ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adhe72 7iii7 has a di/ress$ or nonp]=m+ mortgage loan held by ! ,f$]al ,national ,mortgage ,association or ! ,f$]al ,home ,loan ,mortgage ,au?ority2 7iv7 secures a mortgage loan issu$ by a memb] in/itution ( a ,f$]al ,home ,loan ,bank2 or 7v7 has a f$]ally insur$ mortgage & has an organization ( t5ants t has demon/rat$ an int]e/ 91 & ma9ta9$ an approv$ /atem5t ( int]e/ 91 pur*as+1 subject to ! application process & proc$ures det]m9$ by ! ,au?ority2 & 7,b7 does n include a /ud5t h\s+ dormitory4 7#c7 ,fir/-look & fir/ opportunity to pur*ase p]iod ,! t]m fir/-look & fir/ opportunity to pur*ase p]iod means ! #cj-;day p]iod describ$ 9 subsection 7d77#a77;,a74 7#d7 ,notice p]iod ,! t]m notice p]iod means ! #ij-;day p]iod describ$ 9 subsection 7c77#b77;,a74 7#e7 ,qualify+ t5ant organization ,! t]m qualify+ t5ant organization means an incorporat$ t5ant organization4 7b7 ,exclud$ prop]ty transf]s ,?is section does n apply to-- 7#a7 any transf] by devise or inte/acy or any o!r transf] made 9 connection ) a bona fide ef=t to pass an int]e/ 9 real prop]ty to "o's devisees or heirs 7includ+ su* a transf] made 9 connection ) a liv+ tru/72 or 7#b7 any transf] betwe5 or among sp\ses1 dome/ic p>tn]s1 sibl+s 7includ+ half-sibl+s1 /ep-sibl+s1 & adoptive sibl+s71 p>5ts 7includ+ /ep-p>5ts & adoptive p>5ts7 or gu>dians & _! *ildr51 gr&p>5ts & _! gr&*ildr51 aunts or uncles & _! nieces or nephews1 great-aunts or great-uncles & _! gr&-nieces or gr&-nephews1 or fir/ or second c\s9s1 or any comb9ation !re(4 7c7 ,obligation ,to provide notice ( int5t to sell 7#a7 ,9 g5]al ,! own] ( a cov]$ r5tal prop]ty %all provide writt5 notice to t5ants & ! ,au?ority ( ! own]'s int]e/ 9 sell+1 transf]r+1 assign+1 or convey+ ! prop]ty or ! mortgage on ! prop]ty1 z soon z is practicable 9 good fai?4 7#b7 ,notice p]iod2 proc$ures ,! own] ( a cov]$ r5tal prop]ty may n sell1 transf]1 assign1 or convey ! prop]ty or ! mortgage on ! prop]ty1 includ+ by means ( any %ort sale or sale pursuant to =eclosure1 unless ! own]-- 7,a7 provides writt5 notice to t5ants & ! ,au?ority n lat] ?an #ij days be=e ! prop]ty or mortgage w\ld be sold1 transf]r$1 assign$1 or convey$2 & 7,b7 provides a fir/ look1 opportunity to pur*ase1 & "r ( fir/ refusal to pur*ase ! prop]ty 9 accordance ) ! proc$ures & requirem5ts "u subsection 7d74 7d7 ,additional obligations 7#a7 ,fir/-look & fir/ opportunity to pur*ase p]iod 7,a7 ,9 g5]al ,dur+ ! #cj-;day p]iod beg9n+ on ! day aft] ! la/ day ( ! notice p]iod1 ! own] ( ! cov]$ r5tal prop]ty %all provide eligible entities ! fir/ opportunity to pur*ase ! prop]ty4 7,b7 ,priority = eligible entities ,! own] ( ! cov]$ r5tal prop]ty may n (f] ! cov]$ r5tal prop]ty = sale to any o!r pur*as]1 solicit any (f] or bid to pur*ase ! cov]$ r5tal prop]ty1 or o!rwise ent] into a contract = ! transf]1 sale1 assignm5t1 or conveyance ( ! cov]$ r5tal prop]ty until aft] ! end ( ! fir/-look & fir/ opportunity to pur*ase p]iod4 7#b7 ,priority ( fir/ look & opportunity to pur*ase 7,a7 ,9 g5]al ,any eligible entity wi%+ to take advantage ( ! priority grant$ "u p>agraph 7#a7 ) respect to a cov]$ r5tal prop]ty %all provide a notice ( (f] ( sale by ! end ( ! fir/-look & fir/ opportunity to pur*ase p]iod4 7,b7 ,ord] ( priority ,! own] ( cov]$ r5tal prop]ty %all consid] (f]s describ$ 9 subp>agraph 7,a7 accord+ to ! foll[+ ord] ( priority3 7i7 ,an (f] f a qualify+ t5ant organization t 0 incorporat$ be=e ! notice p]iod & t has a curr5t1 approv$ /atem5t ( int]e/ 9 pur*as+ ! cov]$ r5tal prop]ty4 7ii7 ,an (f] f a qualify+ t5ant organization t 0 incorporat$ dur+ ! notice p]iod4 7iii7 ,an (f] f an eligible entity t a qualify+ t5ant organization ( ! cov]$ r5tal prop]ty has endors$4 7iv7 ,an (f] f an eligible entity t a qualify+ t5ant organization ( ! cov]$ r5tal prop]ty has n endors$4 7#c7 ,"r ( fir/ refusal ,aft] ! own] ( a cov]$ r5tal prop]ty complies ) subsection 7c7 & p>agraphs 7#a7 & 7#b7 ( ?is subsection1 if ! own] does n sell ! cov]$ r5tal prop]ty to an eligible entity "u su* p>agraph 7#b7 & in/ead opts to make ! cov]$ r5tal prop]ty available = sale to a ?ird p>ty1 includ+ by means ( any %ort sale or sale pursuant to =eclosure1 any eligible entity %all h ! "r to mat* any ?ird-p>ty (f] 7ref]r$ to 9 ?is subsection z ! "r ( fir/ refusal4 7#d7 ,failure to sell ,if ! own] ( a cov]$ r5tal prop]ty does n ent] into a sales contract dur+ ! #a-ye> p]iod beg9n+ on ! date on :i* ! "r ( fir/ refusal "u p>agraph 7#c7 is trigg]$1 ! obligation to provide notice ( ! int]e/ & int5t to sell "u subsection 7c7 %all r5ew1 & ! own] may n sell ! prop]ty except pursuant to subsection 7c7 & ?is subsection4 7e7 ,rights ( t5ants 7#a7 ,t5ant notification ,! own] ( a cov]$ r5tal prop]ty1 9 notify+ ! t5ants ( ! cov]$ r5tal prop]ty ( ! int]e/ ( ! own] 9 sell+1 transf]r+1 assign+1 or convey+ ! prop]ty or ! mortgage on ! prop]ty "u subsection 7c71 %all provide ! notice 9 an accessible mann] t cle>ly outl9es ! process "u ?is section & available res\rces4 7#b7 ,t5ant opportunity to pur*ase ,n lat] ?an ! fir/ day ( ! fir/-look & fir/ opportunity to pur*ase p]iod1 ! own] ( a cov]$ r5tal prop]ty %all notify t5ants ( ! opportunity to pur*ase ! cov]$ r5tal prop]ty 9 an accessible mann] t cle>ly outl9es _! rights & ! res\rces available "u ?is section to support a pur*ase4 7#c7 ,t5ant notification ( (f]s ,! own] ( a cov]$ r5tal prop]ty %all notify ! t5ants ( ! prop]ty ( ea* (f] to pur*ase ! prop]ty made by an eligible entity4 7#d7 ,t5ant organizations 7,a7 ,"r to pur*ase only z organization ,no?+ 9 subsection 7d7 %all be con/ru$ to provide ! "r to pur*ase a cov]$ r5tal prop]ty to an individual t5ant4 7,b7 ,te*nical assi/ance ,z "p ( ! te*nical assi/ance provid$ "u section #f7;d7 & subsection 7g7 ( ?is section1 ! ,au?ority %all provide res\rces to exp$ite ! incorporation ( t5ant organizations to bett] all[ t5ants to p>ticipate 9 ! process = pur*ase ( a cov]$ r5tal prop]ty "u subsection 7d7 ( ?is section1 includ+ pre-notification t5ant tra9+ especially 9 areas at high risk = displacem5t4 7#e7 ,e/abli%m5t ( resid5t-own$ coop]ative or community l& tru/ ,a qualify+ t5ant organization t wi%es to pur*ase a cov]$ r5tal prop]ty "u ?is section %all e/abli% a resid5t-own$ coop]ative or community l& tru/ to pur*ase ! cov]$ r5tal prop]ty4 7#f7 ,rights aft] pur*ase ,if a qualify+ t5ant organization pur*ases a cov]$ r5tal prop]ty "u ?is section1 ! subsequ5t resid5t organization may resell ! prop]ty to an eligible entity4 7#g7 ,endorsem5ts ,a qualify+ t5ant organization = a cov]$ r5tal prop]ty may endorse an eligible entity's (f] ( sale = purposes ( ! ord] ( priority "u subsection 7d77#b77;,b71 by a majority vote ( t5ants & subject to proc$ures outl9$ by ! ,au?ority4 7#h7 ,repres5tatives ,a qualify+ t5ant organization may reta9 a legal repres5tative to act z an ag5t ( ! qualify+ t5ant organization = purposes ( ?is section4 7#i7 ,conveyance ( rights ,a t5ant ( a cov]$ r5tal prop]ty may n assign1 transf]1 sell1 or convey ! rights af=d$ to ! t5ant "u ?is section4 7f7 ,responsibilities ( all int]e/$ p>ties ,= purposes ( ?is section1 an eligible entity1 includ+ a qualify+ t5ant organization & a legal repres5tative ( a qualify+ t5ant organization1 & an own] ( a cov]$ r5tal prop]ty %all negotiate 9 good fai? & communicate )9 reasonable timeframes4 7g7 ,role ( ,au?ority 7#a7 ,9 g5]al ,! ,au?ority %all-- 7,a7 e/abli% an ,(fice ( ,community & ,t5ant ,opportunity to ,pur*ase ,act to provide direct te*nical assi/ance & grants = te*nical assi/ance to eligible entities1 & legal repres5tatives ( qualify+ t5ant organizations1 9 ord] to support & enhance ! ability ( eligible entities1 includ+ qualify+ t5ant organizations1 to make pur*ases "u ?is section2 7,b7 e/abli% an application process1 proc$ures1 & requirem5ts = qualify+ t5ant organizations to e/abli% & ma9ta9 a /atem5t ( int]e/ 9 pur*as+ a cov]$ r5tal prop]ty2 & 7,c7 f9ance pur*ases made by eligible entities "u ?is section1 consi/5t ) ! purposes ( section #e4 7#b7 ,application = /atem5t ( int]e/ 9 pur*as+ ,! application = a qualify+ t5ant organization to e/abli% a /atem5t ( int]e/ 9 pur*as+ a cov]$ r5tal prop]ty %all include su* in=mation z ! ,au?ority det]m9es appropriate4 7#c7 ,priorities ,9 ! fund+ ( pur*ases made "u ?is section or ! approval ( a qualify+ t5ant organization's /atem5t ( int]e/ 9 pur*as+ a cov]$ r5tal prop]ty1 ! ,au?ority may prioritize bas$ on ! foll[+ factors3 7,a7 ,! af=dable h\s+ ne$s ( a region or ,/ate4 7,b7 ,! pot5tial numb] ( p]man5tly af=dable h\s+ units4 7,c7 ,! feasibility ( a project4 7,d7 ,! opportunity to improve ! condition & quality ( h\s+ = extremely l[-income families or l[-income families4 7,e7 ,! pressures ( displacem5t & ! opportunity to pres]ve naturally occurr+ af=dable h\s+4 7,f7 ,any factors relat$ to ! purposes or p[]s ( ! ,au?ority4 7#d7 ,noncompliance regulations ,! ,au?ority %all promulgate regulations e/abli%+ p5alties = noncompliance "u ?is section & appropriate f9ancial p5alties to en=ce ?is section4 7#e7 ,g5]al regulations ,! ,au?ority-- 7,a7 %all promulgate regulations necess>y to c>ry out ?is section2 & 7,b7 9 conjunction ) ! ,secret>y & ,/ate & local h\s+ ag5cies1 %all promulgate regulations to c>ry out ?is section ) respect to pur*ases made by eligible entities4 #aa4 ,maximum cont+5t liability 7a7 ,9 g5]al ,! maximum cont+5t liability ( ! ,au?ority out/&+ at any "t may n exce$ 9 ! aggregate ! applicable am\nt "u subsection 7b74 7b7 ,am\nt specifi$ 7#a7 ,initial #e-ye> p]iod ,= purposes ( subsection 7a71 ! applicable am\nt = ! #e-ye> p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act is #aej1jjj1jjj1jjj4 7#b7 ,subsequ5t #e-ye> p]iods ,n lat] ?an #e ye>s aft] ! date ( enactm5t ( ?is ,act1 & n less frequ5tly ?an once e #e ye>s !reaft]1 ! ,bo>d %all adju/ ! am\nt specifi$ 9 p>agraph 7#a7 to reflect ! p]c5tage increase 7if any7 9 ! ,consum] ,price ,index s9ce ! previ\s adju/m5t "u ?is p>agraph4 #ab4 ,au?ority funds 7a7 ,def9itions ,9 ?is section3 7#a7 ,co/ ,! t]m co/1 ) respect to a direct loan or loan gu>antee1 has ! mean+ giv5 ! t]m 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a72 & 7#b7 ,direct loan ,! t]m direct loan has ! mean+ giv5 ! t]m 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a74 7#c7 ,loan gu>antee ,! t]m loan gu>antee has ! mean+ giv5 ! t]m 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a74 7#d7 ,project-specific transaction co/s 7,a7 ,9 g5]al ,! t]m project-specific transaction co/s-- 7i7 means ! co/s incurr$ by ! ,au?ority = travel & legal exp5ses & direct & indirect co/s incurr$ by ! ,au?ority 9 claims settlem5ts2 & 7ii7 does n include ! co/s ( in=mation te*nology 7z t t]m is def9$ 9 section #aaaja ( title #dj1 ,unit$ ,/ates ,code74 7,b7 ,treatm5t ,project-specific transaction co/s %all n be consid]$ adm9i/rative exp5ses = ! purposes ( ?is section4 7b7 ,au?ority capital acc\nt ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a fund to be kn[n z ! ,au?ority ,capital ,acc\nt to c>ry out ! purposes ( ! ,au?ority4 7c7 ,fund+ ,! ,au?ority ,capital ,acc\nt %all consi/ (-- 7#a7 fees *>g$ & collect$ "u subsection 7d72 7#b7 any am\nts receiv$ "u subsection 7f72 7#c7 inve/m5ts & returns on inve/m5ts "u subsection 7h72 7#d7 paym5ts receiv$ 9 connection ) sales & o!r bus9ess ( ! ,au?ority2 7#e7 any proce$s f bonds sold "u section #d7;d72 7#f7 any am\nts appropriat$ to ! ,au?ority ,capital ,acc\nt2 & 7#g7 all o!r collections transf]r$ to or e>n$ by ! ,au?ority1 exclud+ ! co/ ( direct loans & loan gu>antees4 7d7 ,fee au?ority ,! ,au?ority may *>ge & collect fees = provid+ s]vices 9 am\nts to be det]m9$ by ! ,bo>d4 7e7 ,use ( ,au?ority ,capital ,acc\nt ,! ,au?ority may use am\nts 9 ! ,au?ority ,capital ,acc\nt to c>ry out ! purposes describ$ 9 section #e1 includ+ =-- 7#a7 ! co/ ( direct loans & loan gu>antees2 7#b7 adm9i/rative exp5ses ( ! ,au?ority2 7#c7 = ! co/ ( provid+ support au?oriz$ by section #f2 7#d7 project-specific transaction co/s2 7#e7 paym5t ( all insurance & re9surance claims ( ! ,au?ority2 7#f7 repaym5ts to ! ,treasury ( ! ,unit$ ,/ates ( am\nts borr[$ "u subsection 7f72 & 7#g7 divid5d paym5ts to ! ,treasury ( ! ,unit$ ,/ates "u subsection 7g74 7f7 ,au?ority ,to borr[ ,! ,au?ority may borr[ f ! ,treasury ( ! ,unit$ ,/ates su* sums z may be necess>y to fulfill obligations ( ! ,au?ority & any su* borr[+ %all be at a rate det]m9$ by ! ,secret>y ( ! ,treasury1 tak+ into consid]ation ! curr5t av]age m>ket yields on out/&+ m>ketable obligations ( ! ,unit$ ,/ates ( comp>able maturities1 = a p]iod jo9tly det]m9$ by ! ,au?ority & ! ,secret>y ( ! ,treasury1 & subject to su* t]ms & conditions z ! ,secret>y ( ! ,treasury may require4 7g7 ,divid5ds ,! ,bo>d1 9 consultation ) ! ,director ( ! ,(fice ( ,managem5t & ,budget1 %all annually assess a divid5d paym5t to ! ,treasury ( ! ,unit$ ,/ates if ! ,au?ority ,capital ,acc\nt is m ?an #ajj p]c5t res]v$4 7h7 ,inve/m5t au?ority 7#a7 ,9 g5]al ,! ,au?ority may reque/ ! ,secret>y ( ! ,treasury to inve/ su* portion ( ! ,au?ority ,capital ,acc\nt z is n1 9 ! ,au?ority's judgem5t1 requir$ to meet ! curr5t ne$s ( ! ,au?ority ,capital ,acc\nt4 7#b7 ,=m ( inve/m5ts ,inve/m5ts "u p>agraph 7#a7 %all be made by ! ,secret>y ( ! ,treasury 9 public debt obligations1 ) maturities suitable to ! ne$s ( ! ,au?ority ,capital ,acc\nt1 z det]m9$ by ! ,au?ority1 & be>+ int]e/ at rates det]m9$ by ! ,secret>y ( ! ,treasury1 tak+ into consid]ation curr5t m>ket yields on out/&+ m>ketable obligations ( ! ,unit$ ,/ates ( comp>able maturities4 7i7 ,collections ,int]e/ e>n$ "u subsection 7h7 & am\nts1 exclud+ fees relat$ to insurance or re9surance1 collect$ "u subsection 7d71 %all n be collect$ = any fiscal ye> except to ! ext5t provid$ 9 advance 9 appropriation ,acts4 #ac4 ,au?orization ( appropriations = ,au?ority 7a7 ,au?ority funds ,!re is au?oriz$ to be appropriat$ to ! ,au?ority ,capital ,acc\nt e/abli%$ "u section #ab7;b7 to c>ry out ?is ,act #cj1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbe ?r\gh #bjce4 7b7 ,allocations to ,indian ,tribes & tribally designat$ h\s+ entities 7#a7 ,9 g5]al ,! ,au?ority %all allocate n less ?an #e p]c5t ( am\nts appropriat$ "u subsection 7a7 to provide assi/ance to ,indian ,tribes & tribally designat$ h\s+ entities-- 7,a7 9 accordance ) notice & comm5t rulemak+ proc$ures "u section #eec ( title #e1 ,unit$ ,/ates ,code2 & 7,b7 9 consultation ) ,indian ,tribes1 tribally designat$ h\s+ entities1 & ! ,(fice ( ,native ,am]ican ,programs ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 7#b7 ,supplem5t n supplant ,to ! greate/ ext5t possible1 ! allocation describ$ 9 p>agraph 7#a7 %all supplem5t & n supplant any fund+ t an ,indian ,tribe or a tribally designat$ h\s+ entity receives f a gov]nm5tal s\rce4 7c7 ,allocations to rural communities 7#a7 ,9 g5]al ,! ,au?ority %all allocate n less ?an #aj p]c5t ( am\nts appropriat$ "u subsection 7a7 to provide assi/ance to h\s+ entities 9 rural communities-- 7,a7 9 accordance ) notice & comm5t rulemak+ proc$ures "u section #eec ( title #e1 ,unit$ ,/ates ,code2 & 7,b7 9 consultation ) ! ,rural ,h\s+ ,s]vice ( ! ,dep>tm5t ( ,agriculture4 7#b7 ,supplem5t n supplant ,to ! greate/ ext5t possible1 ! allocation describ$ 9 p>agraph 7#a7 %all supplem5t & n supplant any fund+ t a rural h\s+ entity receives f a gov]nm5tal s\rce4 #ad4 ,au?orization ( appropriations = public h\s+ backlog ,!re is au?oriz$ to be appropriat$ = assi/ance f ! ,public ,h\s+ ,capital ,fund e/abli%$ "u section #i7;d7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;g7d77 su* sums z may be necess>y to address ! public h\s+ capital backlog at ! ,dep>tm5t1 :i* am\nt %all rema9 available until exp5d$ &1 not)/&+ subsections 7c77#a7 & 7d77#b7 ( su* section #i1 %all be allocat$ to public h\s+ ag5cies bas$ ^u ! ext5t ( ! capital ne$ ( ea* ag5cy1 z det]m9$ accord+ to ! mo/ rec5t physical ne$s assessm5t ( ! ag5cies1 ) a m9imum am\nt = ea* ag5cy to be specifi$ by ! ,au?ority4 #ae4 ,repeal ( ,fairclo? ,am5dm5t ,section #i7;g7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;g7g77 is am5d$ by /rik+ p>agraph 7#c74 #af4 ,miscellane\s 7a7 ,sav+s clause ,except z may be o!rwise expressly provid$ 9 ?is ,act1 all p[]s & au?orities conf]r$ by ?is ,act %all be cumulative & additional to & n 9 d]ogation ( any p[]s & au?orities o!rwise exi/+4 7b7 ,sev]ability ,if any provision ( ?is ,act1 an am5dm5t made by ?is ,act1 or ! application ( su* provision or am5dm5t to any p]son or circum/ance is held to be invalid1 ! rema9d] ( ?is ,act & ! am5dm5ts made by ?is ,act1 & ! application ( ! provision or am5dm5t to any o!r p]son or circum/ance1 %all n be affect$4 7c7 ,effective date2 int]im appo9tm5ts ,?is ,act %all take effect on ! date t is #fj days aft] ! date ( enactm5t ( ?is ,act1 or on su* e>li] date z ! ,presid5t %all specify by ,executive ord] publi%$ 9 ! ,f$]al ,regi/]1 except t any ( ! (fic]s provid$ = 9 section #d7;c7 may be nom9at$ & appo9t$1 z provid$ 9 t section1 at any "t aft] ! date ( enactm5t4 7d7 ,designation ( tempor>y (fic]s 7#a7 ,9 g5]al ,if #a or m (fic]s requir$ by ?is ,act to be appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate1 h n ent]$ (fice z ( ! effective date ( ?is ,act "u subsection 7c71 ! ,presid5t may designate any p]son :o 0 an (fic] ( ! ,dep>tm5t z ( ! day be=e t effective date to s]ve 9 t (fice 9 an act+ capacity until ! e>li] (-- 7,a7 ! date on :i* ! (fice is fill$ z provid$ 9 ?is ,act2 or 7,b7 ! date t is #fj days aft] ! effective date4 7#b7 ,comp5sation ,:ile s]v+ 9 an (fice 9 an act+ capacity z describ$ 9 p>agraph 7#a71 a p]son %all receive comp5sation at ! rate provid$ by ?is ,act = t (fice4