,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ajeac  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,septemb] #ba1        
#bjbf,ms4 ,adams 7= h]self & ,mr4       
,espaillat7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to require !      
,secret>y ( ,h\s+ & ,urban ,developm5t  
to e/abli% a pilot program to provide   
grants to eligible entities to fund     
pre-developm5t activities associat$ )   
new con/ruction or rehabilitation ( h\s+
 t qualifies z af=dable h\s+ on l& own$ 
by su* fai?-bas$ organizations1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,fai?-,bas$ ,af=dable ,h\s+
 ,pr$evelopm5t ,fund ,act4  #b4 ,grant  
program  7a7 ,9 g5]al ,! ,secret>y (    
,h\s+ & ,urban ,developm5t %all1 n lat] 
?an #a ye> aft] ! date ( ! enactm5t (   
?is section e/abli% a program to provide
 grants to eligible entities on a       
competitive basis to fund pre-developm5t
 activities associat$ ) ! new           
con/ruction or rehabilitation ( h\s+ t  

qualifies z af=dable 7z describ$ 9      
section #bae ( ! ,cran/on-,gonzalez     
,national ,af=dable ,h\s+ ,act7 on l&   
own$ by fai?-bas$ organizations4  7b7   
,program duration ,! grant program      
e/abli%$ "u subsection 7a7 %all t]m9ate 
#e ye>s aft] ! ,secret>y e/abli%es su*  
grant program4  7c7 ,priority ,:5 aw>d+ 
grants "u subsection 7a71 ! ,secret>y   
%all give priority to eligible entities 
t h a demon/rat$ track record ( work+ ) 
fai?-bas$ organizations or develop+     
h\s+1 z det]m9$ by ! ,secret>y4  7d7    
,use ( am\nts  ,any eligible entity t   
receives am\nts "u ?is section %all use 
su* am\nts = pre-developm5t exp5ses     
associat$ ) new con/ruction or          
rehabilitation ( h\s+ t qualifies z     
af=dable 7z describ$ 9 section #bae ( ! 
,cran/on-,gonzalez ,national ,af=dable  
,h\s+ ,act7 on l& own$ by ! fai?-bas$   
organization1 includ+ exp5ses associat$ 
)--  7#a7 initial ar*itectural & eng9e]+
 s*ematic designs2  7#b7 environm5tal   
reviews & assessm5ts2  7#c7 feasibility 

/udies2  7#d7 legal "w2  7#e7 prep>+    
applications = f9anc+ to cov] exp5ses   
associat$ ) ! con/ruction ( h\s+ t      
qualifies z af=dable 7z describ$ 9      
section #bae ( ! ,cran/on-,gonzalez     
,national ,af=dable ,h\s+ ,act72  7#f7  
p]=m+ m>ket /udies2  7#g7 hir+ project  
consultants2 &  7#h7 su* o!r co/s z !   
,secret>y det]m9es appropriate4  7e7    
,tra9+ & te*nical assi/ance ,ea*        
eligible entity t receives a grant "u   
?is section--  7#a7 %all provide tra9+ &
 te*nical assi/ance to ea* fai?-bas$    
organization associat$ ) pre-developm5t 
exp5ses fund$ by su* eligible entity us+
 am\nts provid$ "u ?is section2 &  7#b7 
may use am\nts provid$ "u ?is section to
 provide su* tra9+ & te*nical assi/ance4
  7f7 ,report ,n lat] ?an #ahj days aft]
 t]m9ation ( ! grant program "u         
subsection 7b71 ! ,secret>y %all conduct
 a /udy & submit a report to ,congress  
on ! impact ( ! grant program t         
includes-- 7#a7 a description ( any     
impacts ! grant program _h on increas+ !

 am\nt ( af=dable r5tal h\s+2  7#b7 a   
description ( any impacts ! grant       
program _h on increas+ home[n]%ip units2
  7#c7 a be/ practices id5tifi$ ?r\gh ! 
grant program2 &  7#d7 any              
recomm5dations = improv+ ! grant        
program4  7g7 ,au?orization (           
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,secret>y #ajj1jjj1jjj 
9 fiscal ye> #bjbg to c>ry out ?is      
section & su* am\nts %all be available  
to c>ry out ?is section ?r\gh ! end (   
fiscal ye> #bjca4  7h7 ,def9itions ,9   
?is section3 7#a7 ,eligible entities ,! 
t]m eligible entity means--  7,a7 a     
,/ate 7z su* t]m is def9$ 9 section #ajd
 ( ! ,cran/on-,gonzalez ,national       
,af=dable ,h\s+ ,act72  7,b7 a unit (   
g5]al local gov]nm5t 7z su* t]m is def9$
 "u section #ajd ( ! ,cran/on-,gonzalez 
,national ,af=dable ,h\s+ ,act72  7,c7 a
 nonpr(it organization 7z su* t]m is    
def9$ "u section #ajd ( !               
,cran/on-,gonzalez ,national ,af=dable  
,h\s+ ,act72 &  7,d7 a community        

developm5t f9ancial in/itution 7z su*   
t]m is def9$ 9 section #ajd7;a77#a7 ( ! 
,community ,developm5t ,bank+ &         
,f9ancial ,in/itutions ,act ( #aiid74   
7#b7 ,fai?-bas$ organization ,! t]m     
fai?-bas$ organization %all h ! mean+   
giv5 ! t]m by ! ,secret>y & %all include
 any entity t is assi/$ by ! ,c5t] =    
,fai? at ! ,dep>tm5t ( ,h\s+ & ,urban   
,developm5t4  7#c7 ,secret>y ,! t]m     
,secret>y means ! ,secret>y ( ,h\s+ &   
,urban ,developm5t4