,,ii  #aah? ,,congress  #a/ ,session    
,s4 #aecc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #aj1 #bjbc,mr4    
,book] introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,h\s+ & ,community   
,developm5t ,act ( #aigd to au?orize    
grants to assi/ 9 r$evelop+ ab&on$ %opp+
 c5t]s1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z !         
,grayfield ,r$evelopm5t & ,economic     
,advancem5t ,?r\gh ,effective ,repurpos+
 & ,revitalization ( ,%opp+ ,c5t]s ,act 
( #bjbc or ! ,,great] ,revitalization ( 
,%opp+ ,c5t]s ,act ( #bjbc4  #b4        
,grayfields %opp+ c5t]s r$evelopm5t     
grants  7a7 ,grants ,section #ajh ( !   
,h\s+ & ,community ,developm5t ,act (   
#aigd 7#db ,u4,s4,c4 #ecjh7 is am5d$ by 
add+ at ! end ! foll[+3  7s7 ,%opp+ c5t]
 r$evelopm5t grants  7#a7 ,au?ority ,9  
conjunction ) notes or o!r obligations  
issu$ by eligible public entities or    
designat$ public ag5cies = ! purpose (  

f9anc+ projects t meet ! crit]ia "u     
p>agraph 7#b7 & t are gu>ante$ "u ?is   
section1 ! ,secret>y may make grants to 
^? eligible public entities or designat$
 public ag5cies 9 connection ) ^?       
gu>antees = ! purpose ( enhanc+ !       
security ( ! notes or obligations or    
improv+ ! viability ( projects f9anc$ ) 
^? notes or obligations4  7#b7 ,project 
requirem5ts ,a project meets ! crit]ia  
"u ?is p>agraph only if ! project-- 7,a7
 is design$ to elim9ate blight1 includ+ 
on a spot basis1 ?r\gh r$evelopm5t &    
revitalization ( facilities t-- 7i7 7   
orig9ally develop$ z %opp+ c5t]s1  7ii7 
consi/ ( an enclos$ facility cov]+ n    
less ?an #bj acres1  7iii7 conta9-- 7,i7
 n less ?an #dj individual /orefronts ( 
:i* less ?an #cj p]c5t are occupi$ at ! 
"t ! grant is aw>d$1 or  7,,ii7 #b or m 
vacant major dep>tm5t /ores1 groc]y     
/ores1 or o!r l>ge *a9 /ores hav+       
sub/antial economic /r5g? & occupy+     
sub/antial squ>e footage ( ! facility1 &
  7iv7 include a common p>k+ area2      

except t ! ,secret>y may e/abli%        
alt]native crit]ia to ! requirem5ts "u  
?is subp>agraph = eligibility ( %opp+   
c5t]s = assi/ance z ! ,secret>y consid]s
 appropriate2 &  7,b7 meets su*         
requirem5ts z ! ,secret>y %all e/abli%  
to ensure t ! project promotes-- 7i7    
transit-ori5t$ developm5t2  7ii7        
reclaim+ & re-use ( grayfields2  7iii7  
developm5t ( af=dable h\s+2  7iv7       
removal ( exi/+ grayfield infra/ructure2
  7v7 su* o!r priorities z ! ,secret>y  
consid]s appropriate1 includ+ ) respect 
to small] jurisdictions &               
non-metropolitan areas2 or  7vi7 any #b 
or m ( ! priorities specifi$ 9 or       
pursuant to ?is subp>agraph4  7#c7      
,am\nt ,! am\nt ( a grant pursuant to   
?is section may n exce$ #e1jjj1jjj4     
7#d7 ,mat*+ requirem5t ,! ,secret>y %all
 require ea* eligible public entity or  
designat$ public ag5cy to :i* a grant is
 made pursuant to ?is subsection to     
contribute to ! project = :i* ! grant is
 made an am\nt f s\rces o!r ?an ! grant1

 includ+ local & ,/ate tax abatem5ts1   
9-k9d contributions1 & ,f$]al tax       
inc5tives1 t exce$s #ej p]c5t ( ! am\nt 
( ! grant4  7#e7 ,pref]5ce ,9 mak+      
grants pursuant to ?is section1 !       
,secret>y %all give pref]5ce to eligible
 public entities & designat$ public     
ag5cies bas$ on ! ext5t to :i*-- 7,a7 ! 
am\nt propos$ to be contribut$ pursuant 
to p>agraph 7#d7 exce$s ! m9imum am\nt  
requir$ by su* p>agraph to be           
contribut$2  7,b7 ! project reflects !  
results ( ext5sive community engagem5t2 
&  7,c7 ! project w\ld b5efit           
l[]-income1 und]s]v$ communities4  7#f7 
,te*nical assi/ance  7,a7 ,,hud ,!      
,secret>y %all1 9 accordance ) section  
#ajb ( ! ,dep>tm5t ( ,h\s+ & ,urban     
,developm5t ,re=m ,act ( #aihi 7#db     
,u4,s4,c4 #cede71 provide te*nical      
guidance & assi/ance to applicants =    
grants "u ?is subsection reg>d+-- 7i7 h[
 to apply = grants "u ?is subsection2 & 
7ii7 h[ to avoid conflicts relat+ to us+
 fund+ pursuant to ?is section 9        

conjunction ) ,f$]al tax-exempt f9anc+4 
7,b7 ,local ,an eligible public entity  
or designat$ public ag5cy receiv+ a     
grant "u ?is subsection may use n m ?an 
#be p]c5t ( ! grant am\nts to obta9     
te*nical assi/ance f local qualifi$     
s]vice provid]s reg>d+ comb9+ t         
assi/ance ) o!r f9anc+ )-- 7i7 o!r      
,f$]al assi/ance1 includ+ ! ,new ,m>kets
 ,tax ,cr$its program & ,l[-,income     
,h\s+ ,tax ,cr$it program "u sections   
#de;,d & #db1 respectively1 ( ! ,int]nal
 ,rev5ue ,code ( #aihf2 &  7ii7 o!r     
,/ate assi/ance1 tax cr$its1 &          
inc5tives1 includ+ tax-increm5t f9anc+ &
 o!r bond+ in/rum5ts4  7#g7 ,reports    
7,a7 ,,hud ,= ea* fiscal ye> = :i*      
grants are made "u ?is subsection1 !    
,secret>y %all submit a report to !     
,congress1 n lat] ?an #ij days aft] !   
end ( su* fiscal ye>1 t id5tifies-- 7i7 
ea* project assi/$ ) su* grant am\nts2  
7ii7 ! am\nt ( non-,f$]al funds         
contribut$ to ! project2 &  7iii7 h[ !  
grant am\nts 7 us$4  7,b7 ,,gao ,n lat] 

?an #b ye>s aft] ! date ( enactm5t ( ?is
 subsection1 ! ,comptroll] ,g5]al ( !   
,unit$ ,/ates %all submit a report to ! 
,congress analyz+ ! effectiv5ess ( !    
program = grants "u ?is section & mak+  
recomm5dations to improve future        
outcomes among %opp+ mall r$evelopm5t & 
revitalization projects & simil> subsidy
 programs adm9i/]$ 9 conjunction )      
,f$]al loan gu>antees4  7#h7 ,def9itions
 ,9 ?is subsection3 7,a7 ,transit-ori5t$
 developm5t ,! t]m transit-ori5t$       
developm5t means a project t-- 7i7      
enhances economic developm5t & a*ieve   
o!r goals e/abli%$ dur+ ! project       
developm5t & eng9e]+ processes2  7ii7   
facilitates multimodal transportation   
connectivity & accessibility2  7iii7    
increases access to transit hubs =      
p$e/rian & bicycle traffic2  7iv7       
enables mix$-use developm5t2  7v7       
id5tifies infra/ructure ne$s associat$ )
 ! project2 &  7vi7 includes private    
sector p>ticipation4  7,b7 ,grayfield ,!
 t]m grayfield means an economically    

obsolesc5t1 outdat$1 fail+1 moribund1 or
 und]us$ real e/ate asset4  7#i7 ,fund+ 
,!re is au?oriz$ to be appropriat$ =    
grants "u ?is subsection #ej1jjj1jjj =  
ea* ( fiscal ye>s #bjbd & #bjbe1 :i*    
am\nts %all rema9 available until       
exp5d$4  4  7b7 ,,cdbg loan gu>antee cap
 ,subject to section #ejb ( !           
,congressional ,budget ,act ( #aigd 7#b 
,u4,s4,c4 #ffa;a71 dur+ ea* ( fiscal    
ye>s #bjbd & #bjbe1 commitm5ts to       
gu>antee loans "u section #ajh ( ! ,h\s+
 & ,community ,developm5t ,act ( #aigd  
7#db ,u4,s4,c4 #ecjh71 any "p ( :i* is  
gu>ante$1 %all n exce$ a total pr9cipal 
am\nt ( #ejj1jjj1jjj1 not)/&+ any       
aggregate limitation on out/&+          
obligations gu>ante$ 9 subsection 7k7 ( 
su* section #ajh4