,in the ,senate of the ,united ,states1 ,march #ab1 #bjbf4 ,amendment3 ,that the bill from the ,house of ,representatives 7,h4,r4 #ffdd7 entitled ,an ,act to increase the supply of housing in ,america1 and for other purposes41 do pass with the following ,strike all after the enacting clause and insert the following3 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the #bast ,century ,,road to ,housing ,act4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,,title ,i--,improving ,financial ,literacy,sec4 #aja4 ,reforms to housing counseling and financial literacy programs4,,title ,,ii--,building ,more in ,america,sec4 #bja4 ,rental assistance demonstration program4,sec4 #bjb4 ,increasing housing in opportunity zones4,sec4 #bjc4 ,whole-,home ,repairs ,act4,sec4 #bjd4 ,community ,investment and ,prosperity ,act4,sec4 #bje4 ,build ,now ,act4,sec4 #bjf4 ,addition of affordable housing construction as an eligible activity4,sec4 #bjg4 ,better ,use of ,intergovernmental and ,local ,development 7,,build7 ,housing ,act4,sec4 #bjh4 ,unlocking ,housing ,supply ,through ,streamlined and ,modernized ,reviews ,act4,sec4 #bji4 ,grants for planning and implementation associated with affordable housing4,sec4 #baj4 ,innovation ,fund4,sec4 #baa4 ,accelerating ,home ,building ,act4,sec4 #bab4 ,revitalizing ,empty ,structures ,into ,desirable ,environments 7,,reside7 ,act4,sec4 #bac4 ,housing ,affordability ,act4,,title ,,iii--,manufactured ,housing for ,america,sec4 #cja4 ,housing ,supply ,expansion ,act4,sec4 #cjb4 ,modular ,housing ,production ,act4,sec4 #cjc4 ,property ,improvement and ,manufactured ,housing ,loan ,modernization ,act4,sec4 #cjd4 ,price ,act4,,title ,,iv--,accessing the ,american ,dream,sec4 #dja4 ,creating incentives for small dollar loan originators4,sec4 #djb4 ,small dollar mortgage points and fees4,sec4 #djc4 ,appraisal ,industry ,improvement ,act4,sec4 #djd4 ,helping ,more ,families ,save ,act4,sec4 #dje4 ,choice in ,affordable ,housing ,act4,,title ,v--,program ,reform,sec4 #eja4 ,reforming ,disaster ,recovery ,act4,sec4 #ejb4 ,,home ,investment ,partnerships ,reauthorization and ,reform ,act4,sec4 #ejc4 ,rural ,housing ,service ,reform ,act4,sec4 #ejd4 ,new ,moving to ,work cohort4,sec4 #eje4 ,incentivizing local solutions to homelessness4,,title ,,vi--,veterans and ,housing,sec4 #fja4 ,,va ,home ,loan ,awareness ,act4,sec4 #fjb4 ,veterans ,affairs ,loan ,informed ,disclosure 7,,valid7 ,act4,sec4 #fjc4 ,housing ,unhoused ,disabled ,veterans ,act4,,title ,,vii--,oversight and ,accountability,sec4 #gja4 ,requiring annual testimony and oversight from housing regulators4,sec4 #gjb4 ,,fha reporting requirements on safety and soundness4,sec4 #gjc4 ,united ,states ,interagency ,council on ,homelessness oversight4,sec4 #gjd4 ,appraisal ,modernization ,act4,,title ,,viii--,coordination1 ,studies1 and ,reporting,sec4 #hja4 ,,hud-,,usda-,,va ,interagency ,coordination ,act4,sec4 #hjb4 ,streamlining ,rural ,housing ,act4,sec4 #hjc4 ,improving self-sufficiency of families in ,,hud-subsidized housing4,sec4 #hjd4 ,,gao studies4,,title ,,ix--,homeownership for ,main ,street ,america,sec4 #ija4 ,homes are for people1 not corporations4,,title ,x--,central bank digital currency,sec4 #ajja4 ,central bank digital currency4,,title ,,xi--,miscellaneous,sec4 #aaja4 ,severability4,sec4 #aajb4 ,no additional funds authorized4 ,i ,improving ,financial ,literacy #aja4 ,reforms to housing counseling and financial literacy programs 7a7 ,in general ,section #ajf of the ,housing and ,urban ,development ,act of #aifh 7#ab ,u4,s4,c4 #agjax7 is amended-- 7#a7 in subsection 7a77#d77;,c71 by striking adequate distribution and all that follows through foreclosure rates and inserting that the recipients are geographically diverse and include organizations that serve urban or rural areas2 7#b7 in subsection 7e71 by adding at the end the following3 7#f7 ,performance review ,the ,secretary shall conduct performance reviews of all participating agencies that-- 7,a7 consist of a review of the participating agency's compliance with all program requirements2 and 7,b7 may take into account the agency's aggregate counselor performance under paragraph 7#h77;,b74 7#g7 ,periodic reviews ,the ,secretary may conduct periodic on-site reviews as the ,secretary deems appropriate4 7#h7 ,considerations 7,a7 ,covered mortgage loan defined ,in this paragraph1 the term covered mortgage loan means any loan which is secured by a first or subordinate lien on residential real property 7including individual units of condominiums and cooperatives7 designed principally for the occupancy of between #a and #d families that is-- 7i7 insured by the ,federal ,housing ,administration under title ,,ii of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjg et seq472 or 7ii7 guaranteed under section #ahd or #ahd;,a of the ,housing and ,community ,development ,act of #aiib 7#ab ,u4,s4,c4 #agaez-#ac;a1 #agaez-#ac;b74 7,b7 ,comparison ,for each counselor employed by an organization receiving assistance under this section for pre-purchase housing counseling1 the ,secretary may consider the performance of the counselor compared to the default rate of all counseled borrowers of a covered mortgage loan in comparable markets and such other factors as the ,secretary determines appropriate to further the purposes of this section4 7#i7 ,certification ,if1 based on the comparison required under paragraph 7#h77;,b71 the ,secretary determines that a counselor lacks competence to provide counseling in the areas described in subsection 7e77#b7 and such action will not create a significant loss of capacity for housing counseling services in the service area1 the ,secretary may-- 7,a7 require continued education coupled with successful completion of a probationary period2 7,b7 require retesting if the counselor continues to demonstrate a lack of competence under paragraph 7#h77;,b72 and 7,c7 permanently suspend an individual certification if a counselor fails to demonstrate competence after not fewer than #b retesting opportunities under subparagraph 7,b74 2 7#c7 in subsection 7i7-- 7,a7 by redesignating paragraph 7#c7 as paragraph 7#d72 and 7,b7 by inserting after paragraph 7#b7 the following3 7#c7 ,termination of assistance 7,a7 ,in general ,the ,secretary may deny renewal of covered assistance to an organization or entity receiving covered assistance if the ,secretary determines that the organization or entity1 or the individual through which the organization or entity provides counseling1 is not in compliance with program requirements-- 7i7 based on the performance review described in subsection 7e77#f72 and 7ii7 in accordance with regulations issued by the ,secretary4 7,b7 ,notice ,the ,secretary shall give an organization or entity receiving covered assistance not less than #fj days prior written notice of any denial of renewal under this paragraph1 and the determination of renewal shall not be finalized until the end of that notice period4 7,c7 ,informal conference ,if requested in writing by the organization or entity within the notice period described in subparagraph 7,b71 the organization or entity shall be entitled to an informal conference with the ,deputy ,assistant ,secretary of ,housing ,counseling on behalf of the ,secretary at which the organization or entity may present for consideration specific factors that the organization or entity believes were beyond the control of the organization or entity and that caused the failure to comply with program requirements1 such as a lack of lender or servicer coordination or communication with housing counseling agencies and individual counselors4 2 and 7#d7 by adding at the end the following3 7j7 ,offering foreclosure mitigation counseling 7#a7 ,covered mortgage loan defined ,in this subsection1 the term covered mortgage loan means any loan which is secured by a first or subordinate lien on residential real property 7including individual units of condominiums7 or stock or membership in a cooperative ownership housing corporation designed principally for the occupancy of between #a and #d families that is-- 7,a7 insured by the ,federal ,housing ,administration under title ,,ii of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjg et seq472 7,b7 guaranteed under section #ahd or #ahd;,a of the ,housing and ,community ,development ,act of #aiib 7#ab ,u4,s4,c4 #agaez-#ac;a1 #agaez-#ac;b72 7,c7 made1 guaranteed1 or insured by the ,department of ,veterans ,affairs2 or 7,d7 made1 guaranteed1 or insured by the ,department of ,agriculture4 7#b7 ,opportunity for borrowers ,a borrower with respect to a covered mortgage loan who is #cj days or more delinquent on payments for the covered mortgage loan shall be given an opportunity to participate in available housing counseling4 7#c7 ,cost ,if the requirements of sections #bjb7;a77#c7 and #bje7;f7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjh7;a77#c71 #agaa7;f77 are met1 the fair market rate cost of counseling for delinquent borrowers described in paragraph 7#b7 with respect to a covered mortgage loan described in paragraph 7#a77;,a7 shall be paid for by the ,mutual ,mortgage ,insurance ,fund1 as authorized under section #bjc7r77#d7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agji7r77#d774 4 ,,ii ,building ,more in ,america #bja4 ,rental assistance demonstration program ,the language under the heading ,rental ,assistance ,demonstration in the ,department of ,housing and ,urban ,development ,appropriations ,act1 #bjab 7,public ,law #aab-ee2 #abe ,stat4 #fgc7 is amended-- 7#a7 in the second proviso1 by striking until ,september #cj1 #bjbi and inserting for fiscal year #bjab and each fiscal year thereafter2 7#b7 by striking the fourth proviso2 7#c7 in the twentieth proviso1 as so designated before the date of enactment of this ,act1 by striking or other means3 and inserting or other means1 including the adoption of a mandatory tenant lease and management plan addendum for a property with assistance converted1 if not otherwise covered by another program1 under this demonstration32 and 7#d7 by striking vouchers to project-based vouchers4 and inserting vouchers to project-based vouchers3 ,provided further1 ,that the ,secretary shall annually assess and publish findings regarding the impact of the conversion of assistance under the ,first ,component of the demonstration with respect to the preservation and improvement of public housing1 the amount of private sector leveraging resulting from such conversion transactions1 the prevalence of pre-conversion residents remaining in or returning to the property following conversion1 and the effect of such conversion on tenants1 including the impact of such conversion on the rights maintained by tenants as enumerated in regulations and other documents conferring rights upon tenants as developed by the ,secretary1 and other matters the ,secretary may determine appropriate3 ,provided further1 ,that the ,secretary may take remediative action or impose civil money penalties or other administrative sanctions for material violations of a requirement under the ,first and ,second ,components of this demonstration3 ,provided further1 ,that nothing in the matter under this heading shall be construed to diminish1 impair1 or otherwise negatively affect the ,rental ,assistance ,demonstration property rights of owners or rights of tenants1 which shall remain enforceable by tenants1 as enumerated in current law1 regulations1 and other agency guidance or notices as it relates to properties converted under the ,first and ,second ,components of the ,rental ,assistance ,demonstration ,program44 #bjb4 ,increasing housing in opportunity zones 7a7 ,covered grant defined ,in this section1 the term covered grant means any competitive grant relating to the construction1 modification1 rehabilitation1 or preservation of housing1 as determined by the ,secretary of ,housing and ,urban ,development4 7b7 ,priority ,when awarding a covered grant1 the ,secretary of ,housing and ,urban ,development may give additional weight to applicants with proposed activities or projects that are located in or substantially and directly benefit a community designated as a qualified opportunity zone under section #adjj,z-#a of the ,internal ,revenue ,code of #aihf4 #bjc4 ,whole-,home ,repairs ,act 7a7 ,definitions ,in this section3 7#a7 ,affordable unit ,the term affordable unit means a unit for which the monthly rental payment is not more than #cj percent of the gross income of an individual earning at or below #hj percent of the area median income1 as defined by the ,secretary4 7#b7 ,assisted unit ,the term assisted unit means a unit that undergoes repair or rehabilitation work through a whole-home repairs program administered by an implementing organization under this section4 7#c7 ,eligible homeowner ,the term eligible homeowner means a homeowner-- 7,a7 with a household income that-- 7i7 is not more than #hj percent of the area median income2 or 7ii7 meets the income eligibility requirements for receiving assistance or benefits under a specified program1 as defined in paragraph 7#aa72 and 7,b7 who is-- 7i7 an owner of record as evidenced by a publicly recorded deed1 or other document recorded by the ,bureau of ,indian ,affairs1 and occupies the home on which repairs are to be conducted as their principal residence2 7ii7 an owner-occupant of the manufactured home on which repairs are to be conducted2 or 7iii7 an owner who can demonstrate an ownership interest in the property1 or trust land leasehold1 on which repairs are to be conducted1 including a person who has inherited an interest in that property4 7#d7 ,eligible landlord ,the term eligible landlord means an individual-- 7,a7 who owns1 as determined by the relevant implementing organization1 fewer than #aj eligible rental properties1 with a majority of affordable units and not more than #be total units1 operated as primary residences in which a majority ownership interest is held by the individual1 the spouse of the individual1 or the dependent children of the individual1 or any closely held legal entity controlled by the individual1 the spouse of the individual1 or the dependent children of the individual1 either individually or collectively2 and 7,b7 who agrees to the provisions described in subsection 7b77#c74 7#e7 ,eligible rental property ,the term eligible rental property means a residential property that-- 7,a7 is leased1 or offered exclusively for lease1 as a primary residence by an eligible landlord2 and 7,b7 includes affordable units4 7#f7 ,forgivable loan ,the term forgivable loan means a loan-- 7,a7 made to an eligible landlord2 7,b7 that is secured by a lien recorded against a residential property2 and 7,c7 that may be forgiven by the implementing organization not later than the date that is #c years after the completion of the repairs if the eligible landlord has maintained compliance with the loan agreement described in subsection 7b77#c74 7#g7 ,implementing organization ,the term implementing organization-- 7,a7 means a unit of general local government or a ,state that-- 7i7 will administer a whole-home repairs program through an agency1 department1 or other entity2 or 7ii7 enter into agreements with #a or more local governments1 ,indian tribes1 municipal authorities1 other governmental authorities1 including a tribally designated housing entity1 or qualified nonprofit organizations1 to administer a whole-home repairs program as a subrecipient2 and 7,b7 does not include a redundant entity in a jurisdiction already served by a grantee under subsection 7b74 7#h7 ,indian tribe ,the term ,indian tribe has the meaning given the term in section #d of the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #dajc74 7#i7 ,qualified nonprofit ,the term qualified nonprofit means a nonprofit organization that-- 7,a7 has received funding1 as a recipient or subrecipient1 through-- 7i7 the ,community ,development ,block ,grant program under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq472 7ii7 the ,,home ,investment ,partnerships program under subtitle ,a of title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgda et seq472 7iii7 the ,lead-,based ,paint ,hazard ,reduction grant program under section #ajaa of the ,residential ,lead-,based ,paint ,hazard ,reduction ,act of #aiib 7#db ,u4,s4,c4 #dheb71 a grant under the ,healthy ,homes ,initiative administered by the ,secretary pursuant to sections #eja and #ejb of the ,housing and ,urban ,development ,act of #aigj 7#ab ,u4,s4,c4 #agjaz-#a1 #agjaz-#b71 or a grant under the ,older ,adult ,home ,modification ,grants ,program authorized under the ,consolidated ,appropriations ,act1 #bjbd 7,public ,law #aah-db71 or any successor ,act1 to make safety and functional home modification repairs and renovations to meet the needs of low-income seniors to enable them to remain in their primary residence2 7iv7 the ,self-,help and ,assisted ,homeownership ,opportunity program authorized under section #aa of the ,housing ,opportunity ,program ,extension ,act of #aiif 7#db ,u4,s4,c4 #abhje note72 7v7 a rural housing program under title ,v of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adga et seq472 or 7vi7 the ,neighborhood ,reinvestment ,corporation established under the ,neighborhood ,reinvestment ,corporation ,act 7#db ,u4,s4,c4 #haja et seq472 7,b7 has coordinated1 performed1 or otherwise been engaged in weatherization1 lead remediation1 or home-repair work for not less than #b years2 7,c7 has been certified by the ,environmental ,protection ,agency1 or by a ,state authorized by the ,environmental ,protection ,agency to administer a certification program1 as-- 7i7 eligible to carry out activities under the lead renovation1 repair1 and painting program under section #djb7;c7 or #djd of the ,toxic ,substances ,control ,act 7#ae ,u4,s4,c4 #bfhb7;c71 #bfhd72 or 7ii7 a ,home ,certification ,organization under the ,energy ,star program established by section #cbd;,a of the ,energy ,policy and ,conservation ,act 7#db ,u4,s4,c4 #fbid;a7 or the ,water,sense program under section #cbd;,b of that ,act 7#db ,u4,s4,c4 #fbid;b71 or recognized or otherwise approved by the ,environmental ,protection ,agency as a ,home ,certification ,organization under either of those programs2 or 7,d7 is a community development financial institution1 as defined in section #ajc of the ,community ,development ,banking and ,financial ,institutions ,act of #aiid 7#ab ,u4,s4,c4 #dgjb74 7#aj7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7#aa7 ,specified program ,for purposes of paragraph 7#c77;,a77ii71 the term specified program means any of the following3 7,a7 ,the ,medicaid program established under title ,,xix of the ,social ,security ,act 7#db ,u4,s4,c4 #acif et seq474 7,b7 ,the ,state ,children's ,health ,insurance ,program established under title ,,xxi of the ,social ,security ,act 7#db ,u4,s4,c4 #acig;aa et seq474 7,c7 ,the supplemental security income benefits program established under title ,,xvi of the ,social ,security ,act 7#db ,u4,s4,c4 #acha et seq474 7,d7 ,the supplemental nutrition assistance program established under the ,food and ,nutrition ,act of #bjjh 7#g ,u4,s4,c4 #bjaa et seq474 7,e7 ,the temporary assistance for needy families program established under part ,a of title ,,iv of the ,social ,security ,act 7#db ,u4,s4,c4 #fja et seq474 7#ab7 ,state ,the term ,state means-- 7,a7 each ,state of the ,united ,states2 7,b7 the ,district of ,columbia2 7,c7 the ,commonwealth of ,puerto ,rico2 7,d7 any territory or possession of the ,united ,states2 and 7,e7 an ,indian tribe4 7#ac7 ,tribally designated housing entity ,the term tribally designated housing entity has the meaning given the term in section #d of the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #dajc74 7#ad7 ,whole-home repairs ,the term whole-home repairs means modifications1 repairs1 or updates to homeowner or renter-occupied units to address-- 7,a7 physical and sensory accessibility for individuals with disabilities and older adults1 such as bathroom and kitchen modifications1 installation of grab bars and handrails1 guards and guardrails1 lifting devices1 ramp additions or repairs1 sidewalk addition or repair1 or doorway or hallway widening2 7,b7 habitability and safety concerns1 such as repairs needed to ensure residential units are fit for human habitation and free from defective conditions or health and safety hazards2 or 7,c7 energy and water efficiency1 resilience1 and weatherization4 7b7 ,pilot program 7#a7 ,establishment ,there is authorized a pilot program to provide grants to implementing organizations to administer a whole-home repairs program for eligible homeowners and eligible landlords4 7#b7 ,use of funds ,an implementing organization that receives a grant from appropriated funds made available for this subsection-- 7,a7 shall provide grants to eligible homeowners to implement whole-home repairs not covered by other ,federal home repair programs up to a maximum amount per unit1 which maximum amount should-- 7i7 reflect local construction costs and the level of repairs needed in each unit2 and 7ii7 be calculated and approved by the ,secretary2 7,b7 shall provide loans1 which may be forgivable1 to eligible landlords to implement whole-home repairs not covered by other ,federal home repair programs for individual affordable units1 public and common use areas within the property1 and common structural elements up to a maximum amount per unit1 area1 or element1 as applicable1 which maximum amount should-- 7i7 reflect local construction costs2 and 7ii7 be calculated and approved by the ,secretary2 7,c7 shall evaluate1 or provide assistance to eligible homeowners and eligible landlords to evaluate1 whole-home repair program funds provided under this subsection with ,federal1 ,state1 ,tribal1 and local home repair programs to provide the greatest benefit to the greatest number of eligible landlords and eligible homeowners and avoid duplication of benefits and redundancies for the same home repairs2 7,d7 shall require that-- 7i7 all repairs funded or facilitated through an award under this subsection have been completed2 7ii7 if repairs are not completed and the plan for whole-home repairs is not updated to reflect the new scope of work1 that the loan or grant is repaid on a prorated basis based on completed work2 and 7iii7 any unused grant or loan balance is returned to the implementing organization1 and is reused by the implementing organization for a new whole-home repair grant or loan under this subsection2 7,e7 may use not more than #e percent of the awarded funds to carry out related functions1 including workforce training for home repair professions1 which shall be related to efforts to increase the number of home repairs performed and approved by the ,secretary2 7,f7 may use not more than #aj percent of the awarded funds for administrative expenses2 7,g7 shall comply with ,federal accessibility requirements and standards under applicable ,federal fair housing and civil rights laws and regulations1 including section #ejd of the ,rehabilitation ,act of #aigc 7#bi ,u4,s4,c4 #gid72 and 7,h7 shall ensure that rental properties assisted under subparagraph 7,b7 shall be treated as projects assisted under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq474 7#c7 ,loan agreement ,in a loan agreement with an eligible landlord under this subsection1 an implementing organization shall include provisions establishing that the eligible landlord shall1 for each eligible rental property for which a loan is used to fund repairs under this subsection-- 7,a7 comply with ,federal accessibility requirements and standards under applicable ,federal fair housing and civil rights laws and regulations1 including section #ejd of the ,rehabilitation ,act of #aigc 7#bi ,u4,s4,c4 #gid72 and 7,b7 7i7 if the landlord is renting the assisted units available in the eligible rental property to tenants receiving tenant-based rental assistance under section #h7o7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f7o771 under another tenant-based rental assistance program administered by the ,secretary or the ,secretary of ,agriculture1 or under a tenant-based rental subsidy provided by a ,state or local government1 comply with the program requirements under the relevant tenant-based rental assistance program2 or 7ii7 if the eligible landlord is not renting to tenants receiving rental-based assistance as described in clause 7i7-- 7,i7 7aa7 offer to extend the lease of current tenants on current terms1 other than the terms described in subclause 7iv7 for not less than #c years beginning after the completion of the repairs1 unless the lease is terminated due to failure to pay rent1 performance of an illegal act within the rental unit1 or a violation of an obligation of tenancy that the tenants failed to correct after notice2 and 7bb7 if the tenant of an assisted unit moves out of the assisted unit at any point in the #c-year period following the loan agreement1 maintain the unit as an affordable unit for the remainder of the #c-year period2 7,,ii7 provide documentation verifying that the property1 upon completion of approved renovations1 has met all applicable ,state and local housing and building codes2 7,,iii7 attest that the landlord has no known serious violations of renter protections that have resulted in fines1 penalties1 or judgments during the preceding #aj years2 and 7,,iv7 cap annual rent increases for each assisted unit at #e percent of base rent or at the rate of inflation1 whichever is lower1 for not less than #c years beginning after the completion of the repairs4 7#d7 ,application 7,a7 ,in general ,an implementing organization desiring an award under this subsection shall submit to the ,secretary an application that includes-- 7i7 the geographic scope of the whole-home repairs program to be administered by the implementing organization1 including the plan to address need in any rural1 ,tribal1 suburban1 or urban area within a jurisdiction2 7ii7 a plan for selecting subrecipients1 if applicable2 7iii7 a description of how the implementing organization plans to execute the coordination of ,federal1 ,state1 ,tribal1 and local home repair programs1 including programs administered by the ,department of ,energy1 the ,department of the ,interior1 the ,department of ,veteran ,affairs1 or the ,department of ,agriculture1 to increase efficiency and reduce redundancy2 7iv7 available data on the need for affordable and quality housing within the geographic scope of the whole-home repairs program1 and any plans to preserve affordability through the term of the award2 7v7 a description of how the implementing organization plans to process and verify applications for grants from eligible homeowners and applications for loans from eligible landlords2 and 7vi7 such other information as the ,secretary requires to determine the ability of an applicant to carry out a program under this subsection4 7,b7 ,considerations ,in making awards under this subsection1 the ,secretary shall-- 7i7 with respect to applications submitted by ,states other than the ,district of ,columbia and the territories of the ,united ,states1 prioritize those applications with a demonstrated plan to-- 7,i7 make a good-faith effort to implement the pilot program in every jurisdiction2 and 7,,ii7 provide non-metropolitan areas1 or subrecipients serving non-metropolitan areas if applicable1 with a share of total funds commensurate with their population2 7ii7 aim to select applicants so that the awardees collectively span diverse geographies1 with an intent to understand the impact of the pilot program under this subsection in urban1 suburban1 rural1 and ,tribal settings2 and 7iii7 not disqualify implementing organizations that were awarded grants under the pilot program in prior application cycles4 7#e7 ,program information ,the ,secretary shall make available to grant recipients under this subsection information regarding existing ,federal programs for which grant recipients may coordinate or provide assistance in coordinating applications for those programs in accordance with paragraph 7#b77;,c74 7#f7 ,grant number ,in each year in which an award is made under this subsection1 the ,secretary shall award assistance to-- 7,a7 not less than #b1 and not more than #aj1 implementing organizations1 as application numbers and funding permit2 and 7,b7 not more than #a implementing organization in any ,state4 7#g7 ,loans that are not forgiven ,if a loan made by an implementing organization under paragraph 7#b77;,b7 is not forgiven1 the loan repayment funds shall be reused by the implementing organization for a new whole-home repair grant or loan under this subsection1 which shall remain subject to the original terms of the assistance awarded under this subsection4 7#h7 ,supplement1 not supplant ,amounts awarded under this subsection to implementing organizations shall supplement1 not supplant1 other ,federal1 ,state1 ,tribal1 and local funds made available to those entities4 7#i7 ,streamlining program delivery and ensuring efficiency ,to the extent possible1 in carrying out the pilot program under this subsection1 the ,secretary shall-- 7,a7 endeavor to improve efficiency of service delivery1 as well as the experience of and impact on the taxpayer1 by encouraging programmatic collaboration and information sharing across ,federal1 ,state1 ,tribal1 and local programs for home repair or improvement1 including programs administered by the ,department of ,agriculture1 the ,department of the ,interior1 the ,department of ,veterans ,affairs1 or the ,department of ,energy2 and 7,b7 enhance collaboration and cross-agency streamlining efforts that reduce the burden of multiple income verification processes and applications on the eligible homeowner1 the eligible landlord1 the implementing organization1 and the ,federal ,government1 including by establishing assistance application procedures for income eligibility under this subsection that recognize income eligibility determinations for assistance using any of the criteria under subsection 7a77#c77;,a7 that have been used for assistance applications during the #a-year period preceding the date on which an eligible homeowner or eligible landlord applies for assistance under this subsection4 7#aj7 ,reporting requirements 7,a7 ,annual report ,an implementing organization that receives a grant under this subsection shall submit to the ,secretary an annual report on initial funding that includes-- 7i7 the number of units served1 including reporting on both homeownership and rental units1 as well as accessible units2 7ii7 the average cost per unit for modifications or repairs and the nature of those modifications or repairs1 including reporting on accessibility in both homeownership and rental units2 7iii7 the number of applications received1 served1 denied1 or not completed1 disaggregated by geographic area2 7iv7 the aggregated demographic data of grant recipients1 which may include data on income range1 urban1 suburban1 and rural residency1 age1 and racial and ethnic identity2 7v7 the aggregated demographic data of loan recipients1 which may include data on income range1 urban1 suburban1 and rural residency1 age1 and racial and ethnic identity2 7vi7 an affirmation that the implementation organization has complied with the applicable regulations1 including compliance with ,federal accessibility requirements2 7vii7 in the first year of receiving a grant1 and as certified in subsequent reports1 a comprehensive plan to prevent waste1 fraud1 and abuse in the administration of the pilot program1 which shall include1 at a minimum-- 7,i7 a policy enacted and enforced by the implementing organization to monitor ongoing expenditures under this subsection and ensure compliance with applicable regulations2 7,,ii7 a policy enacted and enforced by the implementing organization to detect and deter fraudulent activity1 including fraud occurring in individual projects and patterns of fraud by parties involved in the expenditure of funds under this subsection2 7,,iii7 a statement setting forth any violations detected by the implementing organization during the previous calendar year1 including details about steps taken to achieve compliance and any remedial measures2 and 7,,iv7 a certification by the chief executive or most senior compliance officer of the organization that the organization maintains sufficient staff and resources to effectively carry out the above-mentioned policies2 and 7viii7 such other information as the ,secretary may require4 7,b7 ,reporting requirement alignment ,to limit the costs of implementing the pilot program under this subsection1 the ,secretary shall endeavor1 to the extent possible1 to structure reporting requirements such that they align with the data reporting requirements in place for funding streams that implementing organizations are likely to use together with funding from this subsection1 including the reporting requirements under-- 7i7 the ,community ,development ,block ,grant program under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq472 7ii7 the ,,home ,investment ,partnerships program under subtitle ,a of title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgda et seq472 7iii7 the ,weatherization ,assistance ,program for low-income persons established under part ,a of title ,,iv of the ,energy ,conservation and ,production ,act 7#db ,u4,s4,c4 #fhfa et seq472 and 7iv7 the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #daja et seq474 7,c7 ,pilot program period reports ,not less frequently than twice during the period in which the pilot program established under this subsection operates1 the ,office of ,inspector ,general of the ,department of ,housing and ,urban ,development shall complete an assessment of the implementation of measures to ensure the fair and legitimate use of the pilot program4 7,d7 ,summary to ,congress ,the ,secretary shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives an annual report providing a summary of the data provided under subparagraphs 7,a7 and 7,c7 during the #a-year period preceding the report and all data previously provided under those subparagraphs4 7#aa7 ,environmental review ,a grant under this subsection shall be-- 7,a7 treated as assistance for a special project for purposes of section #cje7;c7 of the ,multifamily ,housing ,property ,disposition ,reform ,act of #aiid 7#db ,u4,s4,c4 #cedg72 and 7,b7 subject to the regulations promulgated by the ,secretary to implement such section4 7#ab7 ,termination ,the pilot program established under this subsection shall terminate on ,october #a1 #bjca4 #bjd4 ,community ,investment and ,prosperity ,act 7a7 ,revised ,statutes ,the paragraph designated as the ,eleventh of section #eacf of the ,revised ,statutes of the ,united ,states 7#ab ,u4,s4,c4 #bd7 is amended1 in the fifth sentence1 by striking #ae each place the term appears and inserting #bj4 7b7 ,federal ,reserve ,act ,section #i7bc7 of the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #cch;a7 is amended1 in the fifth sentence1 by striking #ae each place the term appears and inserting #bj4 #bje4 ,build ,now ,act 7a7 ,definitions ,in this section3 7#a7 ,covered recipient ,the term covered recipient means a metropolitan city or urban county1 as those terms are defined in section #ajb of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjb71 that receives funds under section #ajf4 7#b7 ,current annual growth rate ,the term current annual growth rate1 with respect to an eligible recipient and a fiscal year1 means the average annual percentage increase in the number of housing units in the jurisdiction of the eligible recipient1 as calculated by the ,secretary1 during the period-- 7,a7 beginning with the third quarter of the sixth preceding fiscal year2 and 7,b7 ending with the third quarter of the preceding fiscal year4 7#c7 ,eligible recipient ,the term eligible recipient means any covered recipient unless-- 7,a7 7i7 the median ,small ,area ,fair ,market ,rent in the jurisdiction of the covered recipient is at or below the #fjth percentile of median ,small ,area ,fair ,market ,rents in the jurisdictions of all covered recipients2 and 7ii7 the median home value in the jurisdiction of the covered recipient is below the median home value for the ,united ,states2 7,b7 the annual rental vacancy rate in the jurisdiction of the covered recipient is greater than the national annual rental vacancy rate for the most recent year available1 as published by the ,bureau of the ,census2 7,c7 during the #a-year period preceding the date on which the ,secretary allocates funds under section #ajf1 the jurisdiction of the covered recipient has been the subject of a major disaster or emergency declaration under section #dja or #eja1 respectively1 of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagj1 #eaia72 or 7,d7 the covered recipient lacks the legal authority to enact or update zoning and permitting ordinances4 7#d7 ,extremely high-growth recipient ,the term extremely high-growth recipient means an eligible recipient for which the current annual growth rate is at or above #d percent4 7#e7 ,housing growth improvement rate ,the term housing growth improvement rate1 with respect to an eligible recipient and a fiscal year1 means the quotient of-- 7,a7 7i7 the current annual growth rate of the eligible recipient1 minus 7ii7 the prior annual growth rate of the eligible recipient2 and 7,b7 the sum obtained by adding the absolute values of the current annual growth rate and the prior annual growth rate of the eligible recipient4 7#f7 ,prior annual growth rate ,the term prior annual growth rate1 with respect to an eligible recipient and a fiscal year1 means the average annual percentage increase in the number of housing units in the jurisdiction of the eligible recipient1 as calculated by the ,secretary1 during the period-- 7,a7 beginning with the third quarter of the #aath preceding fiscal year2 and 7,b7 ending with the third quarter of the sixth preceding fiscal year4 7#g7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7#h7 ,section #ajf ,the term section #ajf means section #ajf of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjf74 7b7 ,adjustments to community development block grant allocations 7#a7 ,in general ,in allocating amounts to an eligible recipient under section #ajf for a fiscal year1 the ,secretary shall adjust the allocation based on the housing growth improvement rate of the eligible recipient1 in accordance with paragraph 7#b7 of this subsection4 7#b7 ,adjustments 7,a7 ,housing growth improvement rate at or above median2 extremely high-growth recipients 7i7 ,in general ,if1 with respect to a fiscal year for which the allocation under section #ajf is being determined1 the housing growth improvement rate for an eligible recipient is at or above the median housing growth improvement rate for all eligible recipients other than extremely high-growth recipients1 or if an eligible recipient is an extremely high-growth recipient1 the ,secretary shall allocate to the eligible recipient for that fiscal year1 in addition to the amount that would otherwise be allocated to the eligible recipient under section #ajf1 a bonus amount1 as determined under clause 7ii7 of this subparagraph4 7ii7 ,bonus amount ,for purposes of clause 7i71 the bonus amount for an eligible recipient for a fiscal year shall be equal to the product of-- 7,i7 the aggregate amount by which allocations to eligible recipients are decreased under subparagraph 7,b7 for that fiscal year2 and 7,,ii7 the quotient of-- 7aa7 the number of housing units1 as of the third quarter of the preceding fiscal year1 in the jurisdiction of the eligible recipient1 as calculated by the ,secretary2 and 7bb7 the number of housing units1 as of the third quarter of the preceding fiscal year1 in the jurisdictions of all eligible recipients that receive a bonus amount under this paragraph1 as calculated by the ,secretary4 7,b7 ,housing growth improvement rate below median ,if1 with respect to a fiscal year for which the allocation under section #ajf is being determined1 the housing growth improvement rate for an eligible recipient is below the median housing growth improvement rate for all eligible recipients other than high-growth outliers1 the ,secretary shall decrease the amount that would otherwise be allocated to the eligible recipient under section #ajf for that fiscal year by #aj percent4 7c7 ,calculation of housing units 7#a7 ,housing and ,urban ,development requirements ,in calculating the number of housing units in the jurisdiction of an eligible recipient under any provision of this section1 the ,secretary shall-- 7,a7 use the ,current ,address ,count ,listing ,files and other data products1 as needed1 of the ,bureau of the ,census tabulated from the ,master ,address ,file2 and 7,b7 make calculations at the block level1 using boundaries that reflect the most current boundaries4 7#b7 ,census ,bureau and ,postal ,service requirements ,the ,bureau of the ,census and the ,united ,states ,postal ,service shall provide any relevant data to the ,secretary upon request to assist the ,secretary in making a calculation described in paragraph 7#a74 7#c7 ,adjustment of calculation periods ,the ,secretary may adjust the calculation periods under subparagraphs 7,a7 and 7,b7 of subsection 7a77#b71 subparagraphs 7,a7 and 7,b7 of subsection 7a77#f71 and items 7aa7 and 7bb7 of subsection 7b77#b77;,a77ii77,,ii7 by not more than #b months to achieve alignment with the data provided by the ,bureau of the ,census4 7d7 ,annual report on housing growth improvement rate ,before allocating funds under section #ajf for a fiscal year1 the ,secretary shall publish a report that-- 7#a7 includes the housing growth improvement rate for each eligible recipient2 and 7#b7 lists1 for the most recent fiscal year for which allocations were made under section #ajf-- 7,a7 the eligible recipients that received a bonus amount under subsection 7b77#b77;,a72 and 7,b7 the eligible recipients for which the allocation under section #ajf was decreased under subsection 7b77#b77;,b7 of this section4 7e7 ,notification2 implementation dates 7#a7 ,notification 7,a7 ,in general ,not later than #fj days after the date of enactment of this ,act1 the ,secretary shall notify each eligible recipient of the recipient's housing growth improvement rate and whether that housing growth improvement rate is above1 at1 or below the median housing growth improvement rate for all eligible recipients other than extremely high-growth recipients4 7,b7 ,guidance ,as part of the notification under subparagraph 7,a71 the ,secretary shall share guidance1 including resources developed by the ,department of ,housing and ,urban ,development1 on best practices and recommendations for policies to reduce regulatory barriers to housing and increase housing supply4 7#b7 ,implementation dates ,subsection 7b7 shall take effect beginning with the third full fiscal year after the date of enactment of this ,act and remain in effect through fiscal year #bjdc4 7#c7 ,no effect on previous appropriations ,this section shall not apply to amounts appropriated before the date of enactment of this ,act4 #bjf4 ,addition of affordable housing construction as an eligible activity 7a7 ,eligible activity ,section #aje7;a7 of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecje7;a77 is amended-- 7#a7 in paragraph 7#be77;,d71 by striking and at the end2 7#b7 in paragraph 7#bf71 by striking the period at the end and inserting 2 and2 and 7#c7 by adding at the end the following3 7#bg7 the new construction of affordable housing1 within the meaning given such term under section #bae of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgde71 and which shall not exceed #bj percent of the amounts allocated to the recipient4 4 7b7 ,low- and moderate-income requirement ,section #aje7;c77#c7 of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecje7;c77#c77 is amended by striking or rehabilitation and inserting 1 rehabilitation1 or new construction4 7c7 ,applicability ,the amendments made by this section shall apply with respect only to amounts appropriated after the date of enactment of this ,act4 #bjg4 ,better ,use of ,intergovernmental and ,local ,development 7,,build7 ,housing ,act 7a7 ,designation of environmental review procedure ,the ,department of ,housing and ,urban ,development ,act 7#db ,u4,s4,c4 #ceca et seq47 is amended by inserting after section #ab 7#db ,u4,s4,c4 #cecg;a7 the following3 #ac4 ,designation of environmental review procedure 7a7 ,in general ,except as provided in subsection 7b71 the ,secretary may1 for purposes of environmental review1 decision making1 and action pursuant to the ,national ,environmental ,policy ,act of #aifi 7#db ,u4,s4,c4 #dcba et seq471 and other provisions of law that further the purposes of such ,act1 designate the treatment of assistance administered by the ,secretary as funds for a special project for purposes of section #cje7;c7 of the ,multifamily ,housing ,property ,disposition ,reform ,act of #aiid 7#db ,u4,s4,c4 #cedg74 7b7 ,exception ,the designation described in subsection 7a7 shall not apply to assistance for which a procedure for carrying out the responsibilities of the ,secretary under the ,national ,environmental ,policy ,act of #aifi 7#db ,u4,s4,c4 #dcba et seq471 and other provisions of law that further the purposes of such ,act1 is otherwise specified in law4 4 7b7 ,tribal assumption of environmental review obligations ,section #cje7;c7 of the ,multifamily ,housing ,property ,disposition ,reform ,act of #aiid 7#db ,u4,s4,c4 #cedg7 is amended-- 7#a7 by striking ,state or unit of general local government each place it appears and inserting ,state1 ,indian tribe1 or unit of general local government2 7#b7 in paragraph 7#a77;,c71 in the heading1 by striking ,state or unit of general local government and inserting ,state1 ,indian tribe1 or unit of general local government2 and 7#c7 by adding at the end the following3 7#e7 ,definition of ,indian tribe ,for purposes of this subsection1 the term ,indian tribe means a federally recognized tribe1 as defined in section #d7ac77;,b7 of the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #dajc7ac77;,b774 4 7c7 ,implementation 7#a7 ,in general ,except as provided in paragraph 7#b71 a designation of assistance under section #ac of the ,department of ,housing and ,urban ,development ,act1 as added by subsection 7a71 shall only apply with respect to funds appropriated after the date of enactment of this ,act4 7#b7 ,exception ,if a grantee of assistance administered by the ,secretary of ,housing and ,urban ,development combines funds appropriated before and after the date of enactment of this ,act to carry out a project1 section #ac of the ,department of and ,urban ,development ,act1 as added by subsection 7a71 shall not apply to that assistance4 #bjh4 ,unlocking ,housing ,supply ,through ,streamlined and ,modernized ,reviews ,act 7a7 ,definitions ,in this section3 7#a7 ,infill project ,the term infill project means a project that-- 7,a7 occurs within the geographic limits of a municipality2 7,b7 is adequately served by existing utilities and public services as required under applicable law2 7,c7 is located on a site of previously disturbed land of not more than #e acres and substantially surrounded by residential or commercial development2 7,d7 will repurpose a vacant or underutilized parcel of land1 or a dilapidated or abandoned structure2 and 7,e7 will serve a residential or commercial purpose4 7#b7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7b7 ,,nepa streamlining for ,,hud housing-related activities 7#a7 ,in general ,the ,secretary shall1 in accordance with section #eec of title #e1 ,united ,states ,code1 and section #ajc of the ,national ,environmental ,policy ,act of #aifi 7#db ,u4,s4,c4 #dccc71 expand and reclassify housing-related activities under the necessary administrative regulations as follows3 7,a7 ,the following housing-related activities shall be subject to regulations equivalent or substantially similar to the regulations entitled exempt activities as set forth in section #eh4cd of title #bd1 ,code of ,federal ,regulations1 as in effect on ,january #a1 #bjbe3 7i7 ,tenant-based rental assistance4 7ii7 ,supportive services1 including health care1 housing services1 permanent housing placement1 day care1 nutritional services1 short-term payments for rent1 mortgage1 or utility costs1 and assistance in gaining access to ,federal ,government and ,state and local government benefits and services4 7iii7 ,operating costs1 including maintenance1 security1 operation1 utilities1 furnishings1 equipment1 supplies1 staff training1 and recruitment and other incidental costs4 7iv7 ,economic development activities1 including equipment purchases1 inventory financing1 interest subsidies1 operating expenses1 and similar costs not associated with construction or expansion of existing operations4 7v7 ,activities to assist homebuyers in the purchase of existing dwelling units or dwelling units under construction1 including closing costs and down payment assistance1 interest rate buydowns1 and similar activities that result in the transfer of title4 7vi7 ,affordable housing pre-development costs related to obtaining site options1 project financing1 administrative costs and fees for loan commitment1 zoning approvals1 and other related activities that do not have a physical impact4 7vii7 ,approval of supplemental assistance1 including insurance or guarantee1 to a project previously approved by the ,secretary4 7viii7 ,emergency homeowner or renter assistance for the repair or replacement of ,,hvac1 hot water heaters1 and other necessary existing utilities required under applicable law4 7,b7 ,the following housing-related activities shall be subject to regulations equivalent or substantially similar to the regulations entitled1 7i7 categorical exclusions not subject to section #eh4e and 7ii7 categorical exclusions not subject to the ,federal laws and authorities cited in section #ej4d in section #eh4ce7;b7 and section #ej4ai1 respectively of title #bd1 ,code of ,federal ,regulations1 as in effect on ,january #a1 #bjbe1 if such activities do not materially alter environmental conditions and do not materially exceed the original scope of the project3 7i7 ,acquisition1 repair1 improvement1 reconstruction1 or rehabilitation of public facilities and improvements 7other than buildings7 if the facilities and improvements are in place and will be retained in the same use without change in size or capacity of more than #bj percent1 including replacement of water or sewer lines1 reconstruction of curbs and sidewalks1 and repaving of streets4 7ii7 ,rehabilitation of #a-to-#d unit residential buildings1 and existing housing-related infrastructure1 such as repairs or rehabilitation of existing wells1 septics1 or utility lines that connect to that housing4 7iii7 ,new construction1 development1 demolition1 acquisition1 or disposition of up to #d scattered site existing dwelling units where there is a maximum of #d units on any #a site4 7iv7 ,acquisitions 7including leasing7 of1 disposition of1 or equity loans on an existing structure1 or acquisition 7including leasing7 of vacant land if the structure or land acquired1 financed1 or disposed of will be retained for the same use4 7,c7 ,the following housing-related activities shall be subject to regulations equivalent or substantially similar to the regulations entitled1 7i7 categorical exclusions subject to section #eh4e and 7ii7 categorical exclusions subject to the ,federal laws and authorities cited in section #ej4d in section #eh4ce7;a7 and section #ej4bj1 respectively1 of title #bd1 ,code of ,federal ,regulations1 as in effect on ,january #a1 #bjbe1 if such activities do not materially alter environmental conditions and do not materially exceed the original scope of the project3 7i7 ,acquisitions of open space or residential property1 where such property will be retained for the same use or will be converted to open space to help residents relocate out of an area designated as a high-risk area by the ,secretary4 7ii7 ,conversion of existing office buildings into residential development1 subject to-- 7,i7 a maximum number of units to be determined by the ,secretary2 and 7,,ii7 a limitation on the change in building size of not more than #bj percent4 7iii7 ,new construction1 development1 demolition1 acquisition1 or disposition of #e to #ae dwelling units where there is a maximum of #ae units on any #a site4 ,the units can be #ae #a-unit buildings or #a #ae-unit building1 or any combination in between4 7iv7 ,new construction1 development1 demolition1 acquisition1 or disposition of #ae or more housing units developed on scattered sites when there are not more than #ae housing units on any #a site1 and the sites are more than a set number of feet apart as determined by the ,secretary4 7v7 ,rehabilitation of buildings and improvements in the case of a building for residential use with #e to #ae units1 if the density is not increased beyond #ae units and the land use is not changed4 7vi7 ,infill projects consisting of new construction1 rehabilitation1 or development of residential housing units4 7vii7 ,the voluntary acquisition of properties-- 7,i7 located in-- 7aa7 a floodway2 7bb7 a floodplain2 or 7cc7 any other area1 clearly delineated by the grantee2 and 7,,ii7 that have been impacted by a predictable environmental threat to the safety and well-being of program beneficiaries caused or exacerbated by a federally declared disaster4 7c7 ,implementation ,for purposes of implementing the streamlining of environmental review for housing-related activities under subsection 7b71 the agency actions carried out under that subsection-- 7#a7 shall only apply with respect to funds appropriated after the effective date of those actions2 and 7#b7 shall not apply with respect to a grantee that combines funds appropriated before and after the effective date of those actions to carry out a project4 7d7 ,report ,the ,secretary shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives an annual report during the #e-year period beginning on the date that is #b years after the date of enactment of this ,act that provides a summary of findings of reductions in review times and administrative cost reduction1 with a particular focus on the affordable housing sector1 as a result of the actions set forth in this section1 and any recommendations of the ,secretary for future congressional action with respect to revising categorical exclusions or exemptions under title #bd1 ,code of ,federal ,regulations4 #bji4 ,grants for planning and implementation associated with affordable housing 7a7 ,definitions ,in this section3 7#a7 ,eligible entity ,the term eligible entity means-- 7,a7 a ,state1 insular area1 metropolitan city1 or urban county1 as those terms are defined in section #ajb of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjb72 or 7,b7 a regional planning agency or consortia of regional planning agencies4 7#b7 ,housing plan ,the term housing plan means a plan to1 with respect to an area within the jurisdiction of an eligible entity-- 7,a7 increase the amount of available housing to meet the demand for such housing and any projected increase in the demand for such housing2 7,b7 increase the affordability of housing2 7,c7 increase the accessibility of housing for people with disabilities1 including location-efficient housing2 7,d7 preserve or improve the quality of housing2 7,e7 reduce barriers to housing development2 and 7,f7 coordinate with transportation-related agencies4 7#c7 ,housing strategy ,the term housing strategy means a housing strategy required under section #aje of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgje74 7#d7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7b7 ,establishment ,not later than #a year after the date of enactment of this ,act1 the ,secretary shall establish a program to award grants on a competitive basis to eligible entities to assist planning and implementation activities associated with affordable housing1 except that such grant awards may not be used for construction1 alteration1 or repair work4 7c7 ,use of amounts 7#a7 ,by regional planning agencies ,if an eligible entity that receives amounts under this section is an eligible entity described in subsection 7a77#a77;,b71 the eligible entity shall use those amounts to assist planning activities with respect to affordable housing1 including-- 7,a7 the development of housing plans2 7,b7 the substantial improvement of ,state or local housing strategies2 7,c7 the development of new regulatory requirements and processes2 7,d7 updating zoning codes2 7,e7 increasing the capacity to conduct housing inspections2 7,f7 increasing the capacity to reduce barriers to housing supply elasticity and housing affordability2 7,g7 the development of local or regional plans for community development2 and 7,h7 the substantial improvement of community development strategies1 including strategies designed to-- 7i7 increase the availability of affordable housing and access to affordable housing2 7ii7 increase access to public transportation2 and 7iii7 advance sustainable or location-efficient community development goals4 7#b7 ,by ,states1 insular areas1 metropolitan cities1 and urban counties ,if an eligible entity that receives amounts under this section is an eligible entity described in subsection 7a77#a77;,a71 the eligible entity shall use those amounts to-- 7,a7 implement and administer housing strategies and housing plans2 7,b7 implement and administer any plans to increase housing choice1 address disparities in housing needs1 and provide greater access to opportunity2 7,c7 fund any community investments that support goals identified in a housing strategy or housing plan2 7,d7 implement and administer regulatory requirements and processes with respect to reformed zoning codes2 7,e7 increase the capacity to conduct housing inspections2 7,f7 increase the capacity to reduce barriers to housing supply elasticity and housing affordability2 7,g7 implement and administer local or regional plans for community development2 and 7,h7 fund any planning to increase-- 7i7 the availability of affordable housing and access to affordable housing2 7ii7 access to public transportation2 and 7iii7 any location-efficient community development goals4 7#c7 ,use for administrative costs ,a eligible entity that receives amounts under this section may not use more than #aj percent of those amounts for administrative costs4 7d7 ,coordination ,to the extent practicable1 the ,secretary shall coordinate with the ,administrator of the ,federal ,transit ,administration in carrying out this section4 7e7 ,expiration of authority ,after the expiration of the #e-year period beginning on the date of enactment of this ,act1 the ,secretary may not newly establish a program as described in this section4 7f7 ,sunset ,the program established under this section shall terminate on the date that is #e years after the date of enactment of this ,act4 #baj4 ,innovation ,fund 7a7 ,definitions ,in this section3 7#a7 ,attainable housing ,the term attainable housing means housing that serves households earning not more than #abj percent of the area median income1 if the majority of the housing units are affordable to households earning not more than #fj percent of the area median income4 7#b7 ,eligible entity ,the term eligible entity means-- 7,a7 a metropolitan city or urban county1 as those terms are defined in section #ajb of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjb71 that has demonstrated an objective improvement in housing supply growth1 as determined by the ,secretary1 whose methodology for determining such growth is published in the ,federal ,register to allow for public comment not less than #ij days before the date on which the notice of funding opportunity is made available2 or 7,b7 a unit of general local government or an ,indian tribe1 as those terms are defined in section #ajb of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjb71 that has demonstrated an objective improvement in housing supply growth1 as determined by the ,secretary1 whose methodology for determining such improvement is published in the ,federal ,register to allow for public comment not less than #ij days before the date on which the notice of funding opportunity is made available4 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7b7 ,establishment of a grant program 7#a7 ,establishment ,not later than #a year after the date of enactment of this ,act1 the ,secretary shall establish a program to award grants on a competitive basis to eligible entities that have increased their local housing supply4 7#b7 ,list of eligible entities ,the ,secretary shall make a list of eligible entities publicly available on the website of the ,department of ,housing and ,urban ,development4 7#c7 ,eligible purposes ,an eligible entity receiving a grant under this section may use funds to-- 7,a7 carry out any of the activities described in section #aje of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecje72 7,b7 carry out any of the activities permitted under the ,local and ,regional ,project ,assistance ,program established under section #fgjb of title #di1 ,united ,states ,code2 and 7,c7 carry out initiatives of the eligible entity that facilitate the expansion of the supply of attainable housing and that supplement initiatives the eligible entity has carried out1 or is in the process of carrying out1 as specified in the application submitted under paragraph 7#d74 7#d7 ,application 7,a7 ,in general ,an eligible entity seeking a grant under this section shall submit to the ,secretary an application that provides-- 7i7 a description of each purpose for which the eligible entity will use the grant1 and an attestation that the grant will be used only for #a or more eligible purposes described in paragraph 7#c72 7ii7 data on characteristics of increased housing supply during the #c-year period ending on the date on which the application is submitted1 which may include whether such housing-- 7,i7 serves households at a range of income levels2 and 7,,ii7 has improved the quality and affordability of housing in the jurisdiction of the eligible entity2 7iii7 a description of how each eligible purpose described in clause 7i7 may address a community need or advance an objective1 or an aspect of an objective1 included in the comprehensive housing affordability strategy and community development plan of the eligible entity under part #ia of title #bd1 ,code of ,federal ,regulations1 or any successor regulation 7commonly referred to as a consolidated plan72 and 7iv7 a description of how the eligible entity has carried out1 or is in the process of carrying out1 initiatives that facilitate the expansion of the supply of housing4 7,b7 ,initiatives ,initiatives that meet the criteria described in paragraph 7#c77;,d7 include1 but shall not be limited to-- 7i7 increasing by-right uses1 including duplex1 triplex1 quadplex1 and multifamily buildings1 in areas of opportunity2 7ii7 revising or eliminating off-street parking requirements to reduce the cost of housing production2 7iii7 revising minimum lot size requirements1 floor area ratio requirements1 set-back requirements1 building heights1 and bans or limits on construction that allow for denser and more affordable development2 7iv7 instituting incentives to promote dense development for communities where increased density is needed2 7v7 passing zoning overlays or other ordinances that enable the development of mixed-income housing2 7vi7 streamlining regulatory requirements and shortening processes1 increasing code enforcement and permitting capacity1 reforming zoning codes1 or other initiatives that reduce barriers to increasing housing supply and affordability2 7vii7 eliminating restrictions against accessory dwelling units and expanding their by-right use2 7viii7 using local tax incentives or public financing to promote development of attainable housing2 7ix7 streamlining environmental regulations2 7x7 eliminating unnecessary manufactured-housing regulations and restrictions2 7xi7 minimizing the impact of overburdensome energy and water efficiency standards on housing costs2 and 7xii7 other activities that reduce the cost of construction1 as determined by the ,secretary4 7#e7 ,grants 7,a7 ,in general ,the ,secretary shall make not fewer than #be grants on an annual basis 7unless amounts appropriated to provide grant amounts consistent with subsection 7b7 are insufficient1 in which case fewer grants may be awarded71 with strong consideration of different geographical areas and a relatively even spread of rural1 suburban1 and urban communities4 7,b7 ,limitations on awards ,no grant awarded under this paragraph may be-- 7i7 more than #aj1jjj1jjj2 or 7ii7 less than #bej1jjj4 7,c7 ,priority ,when awarding grants under this paragraph1 the ,secretary shall give priority to an eligible entity that has-- 7i7 demonstrated the use of innovative policies1 interventions1 or programs for increasing housing supply2 and 7ii7 demonstrated a marked improvement in housing supply growth1 as needed4 7,d7 ,grant administration and terms ,projects assisted under this section for activities described in sector #bc of the ,north ,american ,industry ,classification ,system shall be treated as projects assisted under the ,community ,development ,block ,grant program under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq474 7c7 ,rules of construction ,nothing in this section shall be construed-- 7#a7 to authorize the ,secretary to mandate1 supersede1 or preempt any local zoning or land use policy2 or 7#b7 to affect the requirements of section #aje7;c77#a7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgje7;c77#a774 7d7 ,authorization of appropriations 7#a7 ,in general ,there is authorized to be appropriated to carry out this section #bjj1jjj1jjj for each of fiscal years #bjbg through #bjca4 7#b7 ,adjustment ,the amount authorized to be appropriated under paragraph 7#a7 shall be adjusted for inflation based on the ,consumer ,price ,index for all ,urban ,customers published by the ,bureau of ,labor ,statistics of the ,department of ,labor4 #baa4 ,accelerating ,home ,building ,act 7a7 ,definitions ,in this section3 7#a7 ,affordable housing ,the term affordable housing means housing for which the total monthly housing cost payment is not more than #cj percent of the monthly household income for a household earning not more than #hj percent of the area median income4 7#b7 ,covered structure ,the term covered structure means-- 7,a7 a low-rise or mid-rise structure with not more than #be dwelling units2 and 7,b7 includes-- 7i7 an accessory dwelling unit2 7ii7 infill development2 7iii7 a duplex2 7iv7 a triplex2 7v7 a fourplex2 7vi7 a cottage court2 7vii7 a courtyard building2 7viii7 a townhouse2 7ix7 a multiplex2 and 7x7 any other structure with not less than #b dwelling units that the ,secretary considers appropriate4 7#c7 ,eligible entity ,the term eligible entity means-- 7,a7 a unit of general local government1 as defined in section #ajb7;a7 of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjb7;a772 7,b7 a municipal membership organization2 and 7,c7 an ,indian tribe1 as defined in section #ajb7;a7 of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjb7;a774 7#d7 ,high opportunity area ,the term high opportunity area has the meaning given the term in section #abhb4a of title #ab1 ,code of ,federal ,regulations1 or any successor regulation4 7#e7 ,infill development ,the term infill development means residential development on small parcels in previously established areas for replacement with new or refurbished housing that utilizes existing utilities and infrastructure4 7#f7 ,mixed-income housing ,the term mixed-income housing means a housing development that is comprised of housing units that promote differing levels of affordability in the community4 7#g7 ,pre-reviewed designs ,the term pre-reviewed designs1 also known as pattern books1 means sets of construction plans that are assessed and approved by localities for compliance with local building and permitting standards to streamline and expedite approval pathways for housing construction4 7#h7 ,rural area ,the term rural area means any area other than a city or town that has a population of less than #ej1jjj inhabitants4 7#i7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7b7 ,authority ,the ,secretary is authorized to award grants to eligible entities utilizing funds appropriated for such purpose to select pre-reviewed designs of covered structures of mixed-income housing for use in the jurisdiction of the eligible entity1 except that such grant awards may not be used for construction1 alteration1 or repair work4 7c7 ,considerations ,in reviewing applications submitted by eligible entities for a grant under this section1 the ,secretary shall consider-- 7#a7 the need for affordable housing in the service area of the eligible entity2 7#b7 the presence of high opportunity areas in the jurisdiction of the eligible entity2 7#c7 coordination between the eligible entity and a ,state agency2 and 7#d7 coordination between the eligible entity and ,state1 local1 and regional transportation planning authorities4 7d7 ,set-aside for rural areas ,of the amount made available in each fiscal year for grants under this section1 the ,secretary shall ensure that not less than #aj percent shall be used for grants to eligible entities that are located in rural areas4 7e7 ,reports ,the ,secretary shall require eligible entities receiving grants under this section to report on-- 7#a7 the impacts of the activities carried out using the grant amounts in improving the production and supply of affordable housing2 7#b7 the pre-reviewed designs selected using the grant amounts in their communities2 7#c7 the number of permits issued for housing development utilizing pre-reviewed designs2 and 7#d7 the number of housing units produced in developments utilizing the pre-reviewed designs4 7f7 ,availability of information ,the ,secretary shall-- 7#a7 to the extent possible1 encourage localities to make publicly available through a website information on the pre-reviewed designs selected and submitted to the ,secretary by eligible entities receiving grants under this section1 including information on the benefits of use of those designs2 and 7#b7 collect1 identify1 and disseminate best practices regarding such designs and make such information publicly available on the website of the ,department of ,housing and ,urban ,development4 7g7 ,design adoption and repayment ,the ,secretary may require an eligible entity to return to the ,secretary any grant funds received under this section if the selected pre-reviewed designs submitted under this section have not been adopted during the #e-year period following receipt of the grant1 unless that period is extended by the ,secretary4 7h7 ,technical assistance ,the ,secretary may set aside not more than #e percent of amounts appropriated in a fiscal year to provide technical assistance to grant recipients under this section and pre-grant technical assistance to prospective applicants4 #bab4 ,revitalizing ,empty ,structures ,into ,desirable ,environments 7,,reside7 ,act 7a7 ,in general ,subtitle ,a of title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgda et seq47 is amended by adding at the end the following3 #bbg4 ,revitalizing empty structures into desirable environments 7a7 ,definitions ,in this section3 7#a7 ,attainable housing ,the term attainable housing means housing that serves households earning not more than #abj percent of the area median income1 if the majority of the housing units are affordable to households earning not more than #fj percent of the area median income4 7#b7 ,converted housing unit ,the term converted housing unit means a housing unit that is created using a covered grant4 7#c7 ,covered grant ,the term covered grant means a grant awarded under the ,pilot ,program4 7#d7 ,eligible entity ,the term eligible entity means a participating jurisdiction4 7#e7 ,pilot ,program ,the term ,pilot ,program means the pilot program established under subsection 7b74 7#f7 ,vacant and abandoned building ,the term vacant and abandoned building means a property-- 7,a7 that was constructed for use as a warehouse1 factory1 mall1 strip mall1 or hotel1 or for another industrial or commercial use2 and 7,b7 7i7 with respect to which-- 7,i7 a code enforcement inspection has determined that the property is not safe2 and 7,,ii7 not less than #ij days have elapsed since the owner was notified of the deficiencies in the property and the owner has taken no corrective action2 or 7ii7 that is subject to a court-ordered receivership or nuisance abatement related to abandonment pursuant to ,state or local law or otherwise meets the definition of an abandoned property under ,state law4 7b7 ,purpose of grant program ,subject to the availability of funds appropriated for this subsection1 the ,secretary is authorized to establish a pilot program1 spanning from fiscal years #bjbg through #bjca1 which shall have the purpose of awarding grants on a competitive basis to eligible entities to convert vacant and abandoned buildings into attainable housing4 7c7 ,amount of grant 7#a7 ,in general ,for any fiscal year for which not less than #ajj1jjj1jjj is made available to carry out the ,pilot ,program1 the amount of a covered grant shall be not less than #a1jjj1jjj and not more than #aj1jjj1jjj4 7#b7 ,fiscal years with lower funding ,for any fiscal year for which less than #ajj1jjj1jjj is made available to carry out the ,pilot ,program pursuant to subsection 7b71 the ,secretary shall seek to maximize the number of covered grants awarded4 7d7 ,relation to formula allocation ,a covered grant awarded to an eligible entity shall be in addition to1 and shall not affect1 the formula allocation for the eligible entity under section #bag4 7e7 ,priority ,in awarding covered grants1 the ,secretary shall give priority to an eligible entity that-- 7#a7 will use the covered grant in a community that is experiencing economic distress2 7#b7 will use the covered grant in a qualified opportunity zone 7as defined in section #adjj,z-#a7;a7 of the ,internal ,revenue ,code of #aihf72 7#c7 will use the covered grant to construct housing that will serve a need identified in the comprehensive housing affordability strategy and community development plan of the eligible entity under part #ia of title #bd1 ,code of ,federal ,regulations1 or any successor regulation 7commonly referred to as a consolidated plan72 or 7#d7 has enacted ordinances to reduce regulatory barriers to conversion of vacant and abandoned buildings to housing1 which shall not include any alteration of an ordinance that governs safety and habitability4 7f7 ,use of funds ,an eligible entity may use a covered grant for-- 7#a7 property acquisition2 7#b7 demolition2 7#c7 health hazard remediation2 7#d7 site preparation2 7#e7 construction1 renovation1 or rehabilitation2 or 7#f7 the establishment1 maintenance1 or expansion of community land trusts4 7g7 ,waiver authority ,in administering covered grants1 the ,secretary may waive1 or specify alternative requirements for1 any statute or regulation that the ,secretary administers in connection with the obligation by the ,secretary or the use by eligible entities of covered grant funds 7except for requirements related to fair housing1 nondiscrimination1 labor standards1 or the environment7 if the ,secretary makes a public finding that good cause exists for the waiver or alternative requirement4 7h7 ,study2 report ,not later than #ahj days after the termination of the ,pilot ,program1 the ,secretary shall study and submit to ,congress a report on the impact of the ,pilot ,program on-- 7#a7 improving the tax base of local communities2 7#b7 increasing access to affordable housing1 especially for elderly individuals1 disabled individuals1 and veterans2 7#c7 increasing homeownership2 and 7#d7 removing blight4 4 7b7 ,technical and conforming amendment ,the table of contents in section #a7;b7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7,public ,law #aja-fbe2 #ajd ,stat4 #djgi7 is amended by inserting after the item relating to section #bbf the following3 ,sec4 #bbg4 ,revitalizing empty structures into desirable environments4 4 #bac4 ,housing ,affordability ,act 7a7 ,in general ,title ,,ii of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjg et seq47 is amended-- 7#a7 in section #bjf;,a 7#ab ,u4,s4,c4 #agab;a7-- 7,a7 in subsection 7a71 in the matter following paragraph 7#g71 by striking 7commencing in #bjjd and all that follows through the period at the end and inserting the following3 1 commencing on ,july #a1 #bjbe4 ,the adjustment of the ,dollar ,amounts shall be calculated by the ,secretary using the percentage change in the ,price ,deflator ,index of ,multifamily ,residential ,units ,under ,construction released by the ,bureau of the ,census from ,march of the previous year to ,march of the year in which the adjustment is made1 or by the ,secretary using an alternative indicator after publishing information about such alternative indicators in the ,federal ,register for public comment if the ,price ,deflator ,index of ,multifamily ,residential ,units ,under ,construction is not available or published42 and 7,b7 by amending subsection 7b7 to read as follows3 7b7 ,publication 7#a7 ,in general ,the ,secretary shall publish in the ,federal ,register any adjustments made to the ,dollar ,amounts4 7#b7 ,rounding ,the dollar amount of any adjustment described in paragraph 7#a7 shall be rounded to the next lower dollar4 2 7#b7 in section #bjg7;c77#c77;,a7 7#ab ,u4,s4,c4 #agac7;c77#c77;,a77-- 7,a7 by striking #ch1jbe and inserting #ff1edd2 7,b7 by striking #db1abj and inserting #gc1gaj2 7,c7 by striking #ej1caj and inserting #hh1jdc2 7,d7 by striking #fb1jaj and inserting #ajh1eah2 7,e7 by striking #gj1bjj and inserting #abb1hej2 7,f7 by striking 1 or not to exceed #ag1dfj per space2 7,g7 by striking #dc1hge and inserting #gf1gha2 7,h7 by striking #di1adj and inserting #he1iie2 7,i7 by striking #fj1bee and inserting #aje1ddf2 7,j7 by striking #ge1dfe and inserting #acb1jfd2 and 7,k7 by striking #he1cbh and inserting #adi1cbd2 7#c7 in section #bac7;b77#b7 7#ab ,u4,s4,c4 #agae;e7b77#b77-- 7,a7 by striking #da1bjg and inserting #gb1aab2 7,b7 by striking #dg1eaa and inserting #hc1add2 7,c7 by striking #eg1cjj and inserting #ajj1bge2 7,d7 by striking #gc1cdc and inserting #abh1cej2 7,e7 by striking #ha1gjh and inserting #adb1ihi2 7,f7 by striking #dc1hge and inserting #gf1gha2 7,g7 by striking #di1gaj and inserting #hg1iic2 7,h7 by striking #fj1ddf and inserting #aje1gha2 7,i7 by striking #gh1aig and inserting #acf1hde2 and 7,j7 by striking #he1hcf and inserting #aej1bac2 7#d7 in section #bbj7;d77#c77;,b77iii77,i7 7#ab ,u4,s4,c4 #agaek7d77#c77;,b77iii77,i77-- 7,a7 by striking #ch1jbe and inserting #ff1edd2 7,b7 by striking #db1abj and inserting #gc1gaj2 7,c7 by striking #ej1caj and inserting #hh1jdc2 7,d7 by striking #fb1jaj and inserting #ajh1eah2 7,e7 by striking #gj1bjj and inserting #abb1hej2 7,f7 by striking #dc1hge and inserting #gf1gha2 7,g7 by striking #di1adj and inserting #he1iie2 7,h7 by striking #fj1bee and inserting #aje1ddf2 7,i7 by striking #ge1dfe and inserting #acb1jfd2 and 7,j7 by striking #he1cbh and inserting #adi1cbd2 7#e7 in section #bba7;d77#d77;ii77,i7 7#ab ,u4,s4,c4 #agael7d77#d77;ii77,i77-- 7,a7 by striking #cg1hdc and inserting #ff1bbe2 7,b7 by striking #db1ied and inserting #ge1agj2 7,c7 by striking #ea1ibj and inserting #ij1hfj2 7,d7 by striking #fe1afi and inserting #aad1jdf2 7,e7 by striking #gc1hdf and inserting #abi1bca2 7,f7 by striking #dj1hgf and inserting #ga1ecc2 7,g7 by striking #df1hei and inserting #hb1jjc2 7,h7 by striking #ef1igi and inserting #ii1gac2 7,i7 by striking #gc1gaj and inserting #abh1iic2 and 7,j7 by striking #hj1iac and inserting #ada1eih2 7#f7 in section #bca7;c77#b77;,a7 7#ab ,u4,s4,c4 #agaev7c77#b77;,a77-- 7,a7 by striking #ce1igh and inserting #fb1ifb2 7,b7 by striking #dj1bbj and inserting #gj1che2 7,c7 by striking #dh1jbi and inserting #hd1jea2 7,d7 by striking #eg1gih and inserting #aja1adg2 7,e7 by striking #fg1iej and inserting #aah1iac2 7,f7 by striking #dj1hgf and inserting #ga1ecc2 7,g7 by striking #df1hei and inserting #hb1jjc2 7,h7 by striking #ef1igi and inserting #ii1gac2 7,i7 by striking #gc1gaj and inserting #abh1iic2 and 7,j7 by striking #hj1iac and inserting #ada1eih2 and 7#g7 in section #bcd7;e77#c77;,a7 7#ab ,u4,s4,c4 #agaey7e77#c77;,a77-- 7,a7 by striking #db1jdh and inserting #gc1ehd2 7,b7 by striking #dh1dha and inserting #hd1hdb2 7,c7 by striking #eh1dfi and inserting #ajb1cba2 7,d7 by striking #gd1hdj and inserting #acj1igj2 7,e7 by striking #hc1cge and inserting #ade1ijf2 7,f7 by striking #dd1bej and inserting #gg1dch2 7,g7 by striking #ej1gbd and inserting #hh1gfg2 7,h7 by striking #fa1fhj and inserting #ajg1idj2 7,i7 by striking #gi1gic and inserting #aci1fch2 and 7,j7 by striking #hg1ehh and inserting #aec1bgi4 7b7 ,multifamily loan limit study ,the ,commissioner of the ,federal ,housing ,administration1 in consultation with the ,secretary of ,housing and ,urban ,development1 shall conduct a study to assess the following in comparison to the loan limits prior to the amendments made under this section3 7#a7 ,whether the ,commissioner has sufficient authority to increase loan limits for each multifamily mortgage insurance program at appropriate amounts1 including to meet market demand4 7#b7 ,the impacts that multifamily loan limit increases have had1 if any1 on-- 7,a7 the ,general ,insurance and ,special ,risk ,insurance ,fund2 7,b7 the change in volume of multifamily purchase and construction lending that is insured by the ,federal ,housing ,administration2 and 7,c7 subject to the availability of data1 the year-over-year change over the last #f years in-- 7i7 median and average lending costs as well as rent and house prices within the multifamily housing market2 and 7ii7 multifamily housing supply1 including the number of building permits issued as well as housing unit starts and completions4 7c7 ,report ,not later than #c years after the date of enactment of this ,act1 the ,commissioner of the ,federal ,housing ,administration shall submit to ,congress a report summarizing the findings of the ,commissioner for the study conducted under subsection 7b74 ,,iii ,manufactured ,housing for ,america #cja4 ,housing ,supply ,expansion ,act 7a7 ,in general ,section #fjc7f7 of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjb7f77 is amended by striking on a permanent chassis and inserting with or without a permanent chassis4 7b7 ,standards for manufactured homes built without a permanent chassis ,section #fjd7;a7 of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjc7;a77 is amended by adding the following3 7#g7 ,standards for manufactured homes built without a permanent chassis 7,a7 ,in general ,the ,secretary1 in consultation with the consensus committee1 shall issue revised standards for manufactured homes built without a permanent chassis using the process described in paragraph 7#d74 7,b7 ,creating final standards ,the ,secretary shall1 after consulting and conferring with the consensus committee1 establish standards to ensure that manufactured homes without a permanent chassis have-- 7i7 a distinct label1 with revenue generated to be deposited into the ,manufactured ,housing ,fees ,trust ,fund established under section #fbj7;e77#a71 to be issued by the ,secretary distinguishing manufactured home built without a permanent chassis from manufactured homes built on a permanent chassis2 7ii7 a data plate1 as described in section #cbhj4e of title #bd1 ,code of ,federal ,regulations 7or any successor regulation71 distinguishing manufactured homes built without a permanent chassis from manufactured homes built on a permanent chassis2 and 7iii7 a notation on any invoice produced by the manufacturer of a manufactured home that is distinguishable from the invoice for a manufactured home constructed with a permanent chassis4 4 7c7 ,manufactured home certifications ,section #fjd of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjc7 is amended by adding at the end the following3 7i7 ,manufactured home certifications 7#a7 ,in general 7,a7 ,initial certification ,subject to subparagraph 7,b71 not later than #a year after the date of enactment of the #bast ,century ,,road to ,housing ,act1 a ,state shall submit to the ,secretary an initial certification that the laws and regulations of the ,state-- 7i7 treat any manufactured home in parity with a manufactured home 7as defined and regulated by the ,state72 and 7ii7 subject a manufactured home without a permanent chassis to the same laws and regulations of the ,state as a manufactured home built on a permanent chassis1 including with respect to financing1 title1 insurance1 manufacture1 sale1 taxes1 transportation1 installation1 and other areas as the ,secretary determines1 after consultation with and approval by the consensus committee1 are necessary to give effect to the purpose of this section4 7,b7 ,state plan submission ,any ,state plan submitted under section #fbc7;b7 shall contain the required ,state certification under subparagraph 7,a7 and1 if contained therein1 no additional or ,state certification under subparagraph 7,a7 or paragraph 7#c74 7,c7 ,extended deadline ,with respect to a ,state with a legislature that meets biennially1 the deadline for the submission of the initial certification required under subparagraph 7,a7 shall be #b years after the date of enactment of the #bast ,century ,,road to ,housing ,act4 7,d7 ,late certification 7i7 ,no waiver ,the ,secretary may not waive the prohibition described in paragraph 7#e77;,b7 with respect to a certification submitted after the deadline under subparagraph 7,a7 or paragraph 7#c7 unless the ,secretary approves the late certification4 7ii7 ,rule of construction ,nothing in this subsection shall be construed to prevent a ,state from submitting the initial certification required under subparagraph 7,a7 after the required deadline under that subparagraph4 7#b7 ,form of ,state certification not presented in a ,state plan ,the initial certification required under paragraph 7#a77;,a71 if not submitted with a ,state plan under paragraph 7#a77;,b71 shall contain1 in a form prescribed by the ,secretary1 an attestation by an official that the ,state has taken the steps necessary to ensure the veracity of the certification required under paragraph 7#a77;,a71 including1 as necessary1 by-- 7,a7 amending the definition of manufactured home in the laws and regulations of the ,state2 and 7,b7 directing ,state agencies to amend the definition of manufactured home in regulations4 7#c7 ,annual recertification ,not later than a date to be determined by the ,secretary each year1 a ,state shall submit to the ,secretary an additional certification that-- 7,a7 confirms the accuracy of the initial certification submitted under subparagraph 7,a7 or 7,b7 of paragraph 7#a72 and 7,b7 certifies that any new laws or regulations enacted or adopted by the ,state since the date of the previous certification do not change the veracity of the initial certification submitted under paragraph 7#a77;,a74 7#d7 ,list ,the ,secretary shall publish and maintain in the ,federal ,register and on the website of the ,department of ,housing and ,urban ,development a list of ,states that are up to date with the submission of initial and subsequent certifications required under this subsection4 7#e7 ,prohibition 7,a7 ,definition ,in this paragraph1 the term covered manufactured home means a home that is-- 7i7 not considered a manufactured home under the laws and regulations of a ,state because the home is constructed without a permanent chassis2 7ii7 considered a manufactured home under the definition of the term in section #fjc2 and 7iii7 constructed after the date of enactment of the #bast ,century ,,road to ,housing ,act4 7,b7 ,building1 installation1 and sale ,if a ,state does not submit a certification under paragraph 7#a77;,a7 or 7#c7 by the date on which those certifications are required to be submitted-- 7i7 with respect to a ,state in which the ,state administers the installation of manufactured homes1 the ,state shall prohibit the manufacture1 installation1 or sale of a covered manufactured home within the ,state2 and 7ii7 with respect to a ,state in which the ,secretary administers the installation of manufactured homes1 the ,state and the ,secretary shall prohibit the manufacture1 installation1 or sale of a covered manufactured home within the ,state4 4 7d7 ,other ,federal laws regulating manufactured homes 7#a7 ,in general ,the ,secretary of ,housing and ,urban ,development may coordinate with the heads of other ,federal agencies to ensure that ,federal agencies treat a manufactured home 7as defined in ,federal laws and regulations other than section #fjc of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjb77 in the same manner as a manufactured home 7as defined in section #fjc of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjb71 as amended by this ,act74 7#b7 ,energy efficiency standards 7,a7 ,manufactured home defined ,in this paragraph1 the term manufactured home has the meaning given the term in section #fjc of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjb71 as amended by this ,act4 7,b7 ,process ,no energy efficiency standards for manufactured homes developed by any ,federal agency shall have legal effect unless and until adopted by the ,department of ,housing and ,urban ,development pursuant to the consensus standards and regulatory development process described in section #fjd7;a77#b7 of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjc7;a77#b774 7,c7 ,minimum standards ,the ,secretary of ,housing and ,urban ,development shall-- 7i7 not later than #a year after the date of enactment of this ,act1 adopt minimum energy efficiency standards for manufactured homes2 and 7ii7 not less frequently than once every #c years after adopting the standards under clause 7i71 update those standards4 7e7 ,assistance to ,states ,section #fji of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjh7 is amended-- 7#a7 in paragraph 7#a71 by striking and at the end2 7#b7 in paragraph 7#b71 by striking the period at the end and inserting 2 and2 and 7#c7 by adding at the end the following3 7#c7 model guidance to support the submission of the certification required under section #fjd7;i74 4 7f7 ,preemption ,nothing in this section or the amendments made by this section shall be construed as limiting the scope of ,federal preemption under section #fjd7;d7 of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjc7;d774 #cjb4 ,modular ,housing ,production ,act 7a7 ,definitions ,in this section3 7#a7 ,manufactured home ,the term manufactured home has the meaning given the term in section #fjc of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjb74 7#b7 ,modular home ,the term modular home means a home that is constructed in a factory in #a or more modules1 each of which meets applicable ,state and local building codes of the area in which the home will be located1 and that are transported to the home building site1 installed on foundations1 and completed4 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7b7 ,,fha construction financing programs 7#a7 ,in general ,the ,secretary shall conduct a review of ,federal ,housing ,administration construction financing programs to identify barriers to the use of modular home methods4 7#b7 ,requirements ,in conducting the review under paragraph 7#a71 the ,secretary shall-- 7,a7 identify and evaluate regulatory and programmatic features that restrict participation in construction financing programs by modular home developers1 including construction draw schedules2 and 7,b7 identify administrative measures authorized under section #ebe of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agce;f-#c7 to facilitate program utilization by modular home developers4 7#c7 ,report ,not later than #a year after the date of enactment of this ,act1 the ,secretary shall publish a report that describes the results of the review conducted under paragraph 7#a71 which shall include a description of programmatic and policy changes that the ,secretary recommends to reduce or eliminate identified barriers to the use of modular home methods in ,federal ,housing ,administration construction financing programs4 7#d7 ,rulemaking 7,a7 ,in general ,not later than #abj days after the date on which the ,secretary publishes the report under paragraph 7#c71 the ,secretary shall initiate a rulemaking to examine an alternative draw schedule for construction financing loans provided to modular and manufactured home developers1 which shall include the ability for interested stakeholders to provide robust public comment4 7,b7 ,determination ,following the period for public comment under subparagraph 7,a71 the ,secretary shall-- 7i7 issue a final rule regarding an alternative draw schedule described in subparagraph 7,a72 or 7ii7 provide an explanation as to why the rule shall not become final4 7c7 ,standardized uniform commercial code for modular homes ,the ,secretary may award a grant to study the design and feasibility of a standardized uniform commercial code for modular homes1 which shall evaluate-- 7#a7 the utility of a standardized coding system for serializing and securing modules1 streamlining design and construction1 and improving modular home innovation2 and 7#b7 a means to coordinate a standardized code with financing incentives4 #cjc4 ,property ,improvement and ,manufactured ,housing ,loan ,modernization ,act 7a7 ,national ,housing ,act amendments 7#a7 ,in general ,section #b of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjc7 is amended-- 7,a7 in subsection 7a71 by inserting construction of additional or accessory dwelling units1 as defined by the ,secretary1 after energy conserving improvements12 and 7,b7 in subsection 7b7-- 7i7 in paragraph 7#a7-- 7,i7 by striking subparagraph 7,a7 and inserting the following3 7,a7 #ge1jjj if made for the purpose of financing alterations1 repairs and improvements upon or in connection with an existing single-family structure1 including a manufactured home2 2 7,,ii7 in subparagraph 7,b7-- 7aa7 by striking #fj1jjj and inserting #aej1jjj2 7bb7 by striking #ab1jjj and inserting #cg1ejj2 and 7cc7 by striking an apartment house or2 7,,iii7 by striking subparagraphs 7,c7 and 7,d7 and inserting the following3 7,c7 7i7 #ajf1dje if made for the purpose of financing the purchase of a single-section manufactured home2 and 7ii7 #aie1cbb if made for the purpose of financing the purchase of a multi-section manufactured home2 7,d7 7i7 #adi1ghb if made for the purpose of financing the purchase of a single-section manufactured home and a suitably developed lot on which to place the home2 and 7ii7 #bch1fii if made for the purpose of financing the purchase of a multi-section manufactured home and a suitably developed lot on which to place the home2 2 7,,iv7 in subparagraph 7,e7-- 7aa7 by striking #bc1bbf and inserting #dc1cgg2 and 7bb7 by striking the period at the end and inserting a semicolon2 7,v7 in subparagraph 7,f71 by striking and at the end2 7,,vi7 in subparagraph 7,g71 by striking the period at the end and inserting 2 and2 and 7,,vii7 by inserting after subparagraph 7,g7 the following3 7,h7 such principal amount as the ,secretary may prescribe if made for the purpose of financing the construction of an accessory dwelling unit4 2 7ii7 in the matter immediately preceding paragraph 7#b7-- 7,i7 by striking regulation and inserting notice2 7,,ii7 by striking increase and inserting set2 7,,iii7 by striking 7,a77ii71 7,c71 7,d71 and 7,e7 and inserting 7,a7 through 7,h72 7,,iv7 by inserting 1 or as necessary to achieve the goals of the ,federal ,housing ,administration1 periodically reset the dollar amount limitations in subparagraphs 7,a7 through 7,h7 based on justification and methodology set forth in advance by regulation before the period at the end2 and 7,v7 by adjusting the margins appropriately2 7iii7 in paragraph 7#c71 by striking exceeds-- and all that follows through the period at the end and inserting exceeds such period of time as determined by the ,secretary1 not to exceed #cj years42 7iv7 by striking paragraph 7#i7 and inserting the following3 7#i7 ,annual indexing of certain dollar amount limitations ,the ,secretary shall develop or choose #a or more methods of indexing in order to annually set the loan limits established in paragraph 7#a71 based on data the ,secretary determines is appropriate for purposes of this section4 2 and 7v7 in paragraph 7#aa71 by striking lease-- and all that follows through the period at the end and inserting lease meets the terms and conditions established by the ,secretary4 7#b7 ,deadline for development or choice of new index2 interim index 7,a7 ,deadline for development or choice of new index ,not later than #a year after the date of enactment of this ,act1 the ,secretary of ,housing and ,urban ,development shall develop or choose #a or more methods of indexing as required under section #b7;b77#i7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjc7;b77#i771 as amended by paragraph 7#a7 of this subsection4 7,b7 ,interim index ,during the period beginning on the date of enactment of this ,act and ending on the date on which the ,secretary of ,housing and ,urban ,development develops or chooses #a or more methods of indexing as required under section #b7;b77#i7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjc7;b77#i771 as amended by paragraph 7#a7 of this subsection1 the method of indexing established by the ,secretary under such section #b7;b77#i7 before the date of enactment of this ,act shall apply4 7b7 ,,hud study of off-site construction 7#a7 ,definitions ,in this subsection3 7,a7 ,off-site construction housing ,the term off-site construction housing includes manufactured homes and modular homes4 7,b7 ,manufactured home ,the term manufactured home means any home constructed in accordance with the construction and safety standards established under the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edja et seq474 7,c7 ,modular home ,the term modular home means a home that is constructed in a factory in #a or more modules1 each of which meets applicable ,state and local building codes of the area in which the home will be located1 and that are transported to the home building site1 installed on foundations1 and completed4 7#b7 ,study ,the ,secretary of ,housing and ,urban ,development shall conduct a study and submit to ,congress a report on the cost effectiveness of off-site construction housing1 that includes-- 7,a7 an analysis of the advantages and the impact of centralization in a factory and transportation to a construction site on cost1 precision1 and materials waste2 7,b7 the extent to which off-site construction housing meets housing quality standards under the ,national ,standards for the ,physical ,inspection of ,real ,estate1 or other standards as the ,secretary may prescribe1 compared to the extent for site-built homes1 for such standards2 7,c7 the expected replacement and maintenance costs over the first #dj years of life of off-site construction homes compared to those costs for site-built homes2 and 7,d7 opportunities for use beyond single-family housing1 such as applications in accessory dwelling units1 two- to four-unit housing1 and large multifamily housing4 #cjd4 ,price ,act ,title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq47 is amended-- 7#a7 in section #aje7;a7 7#db ,u4,s4,c4 #ecje7;a771 in the matter preceding paragraph 7#a71 by striking ,activities and inserting ,unless otherwise authorized under section #abc1 activities2 and 7#b7 by adding at the end the following3 #abc4 ,preservation and reinvestment for community enhancement 7a7 ,definitions ,in this section3 7#a7 ,community development financial institution ,the term community development financial institution means an institution that has been certified as a community development financial institution 7as defined in section #ajc of the ,riegle ,community ,development and ,regulatory ,improvement ,act of #aiid 7#ab ,u4,s4,c4 #dgjb77 by the ,secretary of the ,treasury4 7#b7 ,eligible manufactured housing community ,the term eligible manufactured housing community means a manufactured housing community that-- 7,a7 is affordable to low- and moderate-income persons1 as determined by the ,secretary1 but not more than #abj percent of the area median income2 and 7,b7 7i7 is owned by the residents of the manufactured housing community through a resident-controlled entity such as a resident-owned cooperative2 or 7ii7 will be maintained as such a community1 and remain affordable for low- and moderate-income persons1 to the maximum extent practicable and for the longest period feasible4 7#c7 ,eligible recipient ,the term eligible recipient means-- 7,a7 an eligible manufactured housing community2 7,b7 a unit of general local government2 7,c7 a housing authority2 7,d7 a resident-owned community2 7,e7 a resident-owned cooperative2 7,f7 a nonprofit entity with housing expertise or a consortium of such entities2 7,g7 a community development financial institution2 7,h7 an ,indian tribe2 7,i7 a tribally designated housing entity2 7,j7 the ,department of ,hawaiian ,home ,lands2 7,k7 a ,state2 or 7,l7 any other entity that is-- 7i7 an owner-operator of an eligible manufactured housing community2 and 7ii7 working with an eligible manufactured housing community4 7#d7 ,indian tribe ,the term ,indian tribe has the meaning given the term ,indian tribe in section #d of the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #dajc74 7#e7 ,manufactured housing community ,the term manufactured housing community means-- 7,a7 any community1 court1 park1 or other land under unified ownership developed and accommodating1 or equipped to accommodate1 the placement of manufactured homes1 where-- 7i7 spaces within such community are or will be primarily used for residential occupancy2 7ii7 all homes within the community are used for permanent occupancy2 and 7iii7 a majority of such occupied spaces within the community are occupied by manufactured homes1 which may include homes constructed prior to enactment of the ,manufactured ,home ,construction and ,safety ,standards2 or 7,b7 any community that meets the definition of manufactured housing community used for programs similar to the program under this section4 7#f7 ,resident health1 safety1 and accessibility activities ,the term resident health1 safety1 and accessibility activities means the reconstruction1 repair1 or replacement of manufactured housing and manufactured housing communities to-- 7,a7 protect the health and safety of residents2 7,b7 address weatherization and reduce utility costs2 or 7,c7 address accessibility needs for residents with disabilities4 7#g7 ,tribally designated housing entity ,the term tribally designated housing entity has the meaning given the term in section #d of the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #dajc74 7b7 ,establishment ,there is authorized a competitive grant program that the ,secretary shall1 by notice1 carry out to make awards utilizing funds appropriated for such purpose to eligible recipients to carry out eligible projects for development of or improvements to eligible manufactured housing communities4 7c7 ,eligible projects 7#a7 ,in general ,amounts from grants under this section may be used for-- 7,a7 community infrastructure1 facilities1 utilities1 and other land improvements in or serving an eligible manufactured housing community2 7,b7 reconstruction or repair of existing housing within an eligible manufactured housing community2 7,c7 replacement of homes within an eligible manufactured housing community2 7,d7 planning2 7,e7 resident health1 safety1 and accessibility activities in homes in an eligible manufactured housing community2 7,f7 land and site acquisition and infrastructure for expansion or construction of an eligible manufactured housing community2 7,g7 resident and community services1 including relocation assistance1 eviction prevention1 and down payment assistance2 and 7,h7 any other activity that-- 7i7 is approved by the ,secretary consistent with the requirements under this section2 7ii7 improves the overall living conditions of an eligible manufactured housing community1 which may include the addition or enhancement of shared spaces such as community centers1 recreational areas1 or other facilities that support resident well-being and community engagement2 and 7iii7 is necessary to protect the health and safety of the residents of the eligible manufactured housing community and the long-term affordability and sustainability of the community4 7#b7 ,replacement ,for purposes of subparagraphs 7,b7 and 7,c7 of paragraph 7#a71 grants under this section-- 7,a7 may not be used for rehabilitation or modernization of units that were built before ,june #ae1 #aigf2 and 7,b7 may only be used for disposition and replacement of units described in subparagraph 7,a71 provided that any replacement housing complies with the ,manufactured ,home ,construction and ,safety ,standards or is another allowed type of home1 as determined by the ,secretary4 7d7 ,priority ,in awarding grants under this section1 the ,secretary shall prioritize applicants that will carry out activities that primarily benefit low- and moderate-income residents and preserve long-term housing affordability for residents of eligible manufactured housing communities4 7e7 ,waivers ,the ,secretary may waive or specify alternative requirements for any provision of law or regulation that the ,secretary administers in connection with use of amounts made available under this section other than requirements related to fair housing1 nondiscrimination1 labor standards1 and the environment1 upon a finding that the waiver or alternative requirement is not inconsistent with the overall purposes of this section and that the waiver or alternative requirement is necessary to facilitate the use of amounts made available under this section4 7f7 ,implementation 7#a7 ,in general ,any grant made under this section shall be made pursuant to criteria for selection of recipients of such grants that the ,secretary shall by regulation establish and publish together with any notification of availability of amounts under this section4 7#b7 ,set-aside of grant amounts ,the ,secretary may set aside amounts provided under this section for grants to ,indian tribes1 tribally designated housing entities1 and the ,department of ,hawaiian ,home ,lands4 4 ,,iv ,accessing the ,american ,dream #dja4 ,creating incentives for small dollar loan originators 7a7 ,definitions ,in this section3 7#a7 ,director ,the term ,director means the ,director of the ,bureau of ,consumer ,financial ,protection4 7#b7 ,small dollar mortgage ,the term small dollar mortgage means a mortgage loan having an original principal obligation of not more than #ajj1jjj that is-- 7,a7 secured by real property designed for the occupancy of between #a and #d families2 and 7,b7 7i7 insured by the ,federal ,housing ,administration under title ,,ii of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjg et seq472 7ii7 made1 guaranteed1 or insured by the ,department of ,veterans ,affairs2 7iii7 made1 guaranteed1 or insured by the ,department of ,agriculture2 or 7iv7 eligible to be purchased or securitized by the ,federal ,home ,loan ,mortgage ,corporation or the ,federal ,national ,mortgage ,association4 7b7 ,requirement regarding loan originator compensation practices ,not later than #bgj days after the date of enactment of this ,act1 the ,director shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report on loan originator compensation practices throughout the residential mortgage market1 including the relative frequency of loan originators being compensated-- 7#a7 with a salary2 7#b7 with a commission reflecting a fixed percentage of the amount of credit extended2 7#c7 with a commission based on a factor other than a fixed percentage of the amount of credit extended2 7#d7 with a combination of salary and commission2 7#e7 on a loan volume basis2 7#f7 with a commission reflecting a percentage of the amount of credit extended1 for which a minimum or maximum compensation amount is set2 and 7#g7 by any other mechanism that the ,director may find to be a practice for compensating mortgage loan originators1 including any mechanism that provides a loan originator with compensation in such a way that the loan originator does not necessarily receive a lower level of compensation for originating a small dollar mortgage than the loan originator would receive for originating a mortgage loan that is not a small dollar mortgage4 7c7 ,contents ,the report required under subsection 7b7 shall include-- 7#a7 data and other analysis regarding the effect of the approaches to loan originator compensation described in subsection 7b7 on the availability of small dollar mortgage loans2 and 7#b7 an analysis and a discussion regarding potential barriers to small dollar mortgage lending4 7d7 ,rulemaking ,following the issuance of the report required under subsection 7b71 the ,director may issue regulations to clarify the forms of compensation a lender may use to compensate a loan originator that-- 7#a7 are permissible pursuant to section #abi;,b7c7 of the ,truth in ,lending ,act 7#ae ,u4,s4,c4 #afci;b7c772 and 7#b7 would result in the loan originator receiving compensation for originating a small dollar mortgage that is not less than the compensation the loan originator would receive for originating a mortgage loan that is not a small dollar mortgage4 #djb4 ,small dollar mortgage points and fees 7a7 ,small dollar mortgage defined ,in this section1 the term small dollar mortgage means a mortgage with an original principal obligation of less than #ajj1jjj4 7b7 ,amendments 7#a7 ,in general ,not later than #bgj days after the date of enactment of this ,act1 the ,director of the ,bureau of ,consumer ,financial ,protection1 in consultation with the ,secretary of ,housing and ,urban ,development and the ,director of the ,federal ,housing ,finance ,agency1 shall evaluate the impact of the thresholds under section #ajbf4dc of title #ab1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this ,act71 on small dollar mortgage originations4 7#b7 ,rulemaking ,following the evaluation required under paragraph 7#a71 the ,director of the ,bureau of ,consumer ,financial ,protection may promulgate regulations to amend the limitations with respect to points and fees under section #ajbf4dc of title #ab1 ,code of ,federal ,regulations1 or any successor regulation1 to encourage additional lending for small dollar mortgages4 #djc4 ,appraisal ,industry ,improvement ,act 7a7 ,appraisal standards 7#a7 ,certification or licensing 7,a7 ,in general ,section #bjb7;g77#e7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjh7;g77#e77 is amended-- 7i7 by moving the paragraph two ems to the left2 and 7ii7 by striking subparagraphs 7,a7 and 7,b7 and inserting the following3 7,a7 be certified or licensed by the ,state in which the property to be appraised is located1 except that an appraiser who has as their primary duty conducting appraisal-related activities and who chooses to become a ,state-licensed or certified real estate appraiser need only to be licensed or certified in #a ,state or territory to perform appraisals on mortgages insured by the ,federal ,housing ,administration in all ,states and territories2 7,b7 meet the requirements under the competency rule set forth in the ,uniform ,standards of ,professional ,appraisal ,practice before accepting an assignment2 and 7,c7 have demonstrated verifiable education in the appraisal requirements established by the ,federal ,housing ,administration under this subsection1 which shall include the completion of a course or seminar that educates appraisers on those appraisal requirements1 which shall be provided by-- 7i7 the ,federal ,housing ,administration2 or 7ii7 a third party1 if the course is approved by the ,secretary or a ,state appraiser certifying or licensing agency4 4 7,b7 ,application ,subparagraph 7,c7 of section #bjb7;g77#e7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjh7;g77#e771 as added by subparagraph 7,a71 shall not apply with respect to any certified appraiser approved by the ,federal ,housing ,administration to conduct appraisals on property securing a mortgage to be insured by the ,federal ,housing ,administration on or before the effective date described in paragraph 7#c77;,c74 7#b7 ,compliance with verifiable education and competency requirements ,on and after the effective date described in paragraph 7#c77;,c71 no appraiser may conduct an appraisal on a property securing a mortgage to be insured by the ,federal ,housing ,administration unless-- 7,a7 the appraiser is in compliance with the requirements of subparagraphs 7,a7 and 7,b7 of section #bjb7;g77#e7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjh7;g77#e771 as amended by paragraph 7#a72 and 7,b7 if the appraiser was not approved by the ,federal ,housing ,administration to conduct appraisals on mortgages insured by the ,federal ,housing ,administration before the date on which the mortgagee letter or guidance takes effect under paragraph 7#c77;,c71 the appraiser is in compliance with subparagraph 7,c7 of such section #bjb7;g77#e74 7#c7 ,implementation ,not later than the #bdj days after the date of enactment of this ,act1 the ,secretary of ,housing and ,urban ,development shall issue a mortgagee letter or guidance that-- 7,a7 implements the amendments made by paragraph 7#a72 7,b7 clearly sets forth all of the specific requirements under section #bjb7;g77#e7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjh7;g77#e771 as amended by paragraph 7#a71 for approval to conduct appraisals on property secured by a mortgage to be insured by the ,federal ,housing ,administration1 which shall include-- 7i7 providing that1 before the effective date of the mortgagee letter or guidance1 compliance with the requirements under subparagraphs 7,a71 7,b71 and 7,c7 of such section #bjb7;g77#e71 as amended by paragraph 7#a71 shall be considered to fulfill the requirements under such subparagraphs2 and 7ii7 providing a method for appraisers to demonstrate such prior compliance2 and 7,c7 takes effect not later than the date that is #ahj days after the date on which the ,secretary issues the mortgagee letter or guidance4 7b7 ,annual registry fees for appraisal management companies ,section #aaji7;a7 of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #ccch7;a77 is amended1 in the matter following clause 7ii7 of paragraph 7#d77;,b71 by adding at the end the following3 ,subject to the approval of the ,council1 the ,appraisal ,subcommittee may adjust fees established under clause 7i7 or 7ii7 to carry out its functions under this ,act44 7c7 ,state credentialed trainees 7#a7 ,maintenance on national registry ,section #aajc7;a7 of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #cccb7;a77 is amended-- 7,a7 in paragraph 7#c7-- 7i7 by inserting and ,state credentialed trainee appraisers after licensed appraisers2 and 7ii7 by striking and at the end2 7,b7 by striking paragraph 7#d72 7,c7 by redesignating paragraphs 7#e7 and 7#f7 as paragraphs 7#d7 and 7#e71 respectively2 and 7,d7 in paragraph 7#d71 as so redesignated-- 7i7 by striking year4 ,the report shall also detail and inserting year1 detailing2 7ii7 by striking provide and inserting provides2 and 7iii7 by striking the period at the end and inserting 2 and4 7#b7 ,annual registry fees 7,a7 ,in general ,section #aaji of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #ccch7 is amended-- 7i7 in the section heading1 by striking certified or licensed and inserting 1 certified1 licensed1 and credentialed trainee2 and 7ii7 in subsection 7a7-- 7,i7 in paragraph 7#a71 by inserting 1 and in the case of a ,state with a supervisory or trainee program1 a roster listing individuals who have received a ,state trainee credential after this title2 and 7,,ii7 by striking paragraph 7#b7 and inserting the following3 7#b7 transmit reports on the issuance and renewal of licenses1 certifications1 credentials1 sanctions1 and disciplinary actions1 including license1 credential1 and certification revocations1 on a timely basis to the national registry of the ,appraisal ,subcommittee2 4 7,b7 ,rule of construction ,nothing in the amendments made by subparagraph 7,a7 shall require a ,state to establish or operate a program for ,state credentialed trainee appraisers1 as defined in paragraph 7#ab7 of section #aaba of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi1 as added by paragraph 7#d7 of this subsection4 7#c7 ,transactions requiring the services of a ,state certified appraiser ,section #aaac of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #ccdb7 is amended-- 7,a7 by striking ,in determining and inserting 7a7 ,in general4--,in determining2 and 7,b7 by adding at the end the following3 7b7 ,use of ,state credentialed trainee appraisers ,in performing an appraisal under this section1 a ,state certified appraiser may use the assistance of a ,state credentialed trainee appraiser or an unlicensed trainee appraiser1 except that the ,state certified appraiser assisted by a trainee shall be liable for appraisal and valuation work4 4 7#d7 ,definition ,section #aaba of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #ccej7 is amended by adding at the end the following3 7#ab7 ,state credentialed trainee appraiser ,the term ,state credentialed trainee appraiser means an individual who-- 7,a7 meets the minimum criteria established by the ,appraiser ,qualification ,board for a trainee appraiser credential2 and 7,b7 is credentialed by a ,state appraiser certifying and licensing agency4 4 7d7 ,grants for workforce and training ,section #aaji7;b7 of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #ccch7;b77 is amended-- 7#a7 in paragraph 7#e77;,b71 by striking and at the end2 7#b7 in paragraph 7#f71 by striking the period at the end and inserting 2 and2 and 7#c7 by adding at the end the following3 7#g7 to make grants to ,state appraiser certifying and licensing agencies to support the carrying out of education and training activities or other activities related to addressing appraiser industry workforce needs1 including recruiting and retaining workforce talent1 such as through scholarship assistance and career pipeline development1 and such agencies shall report on the use of funds and outcomes4 4 7e7 ,appraisal ,subcommittee ,section #ajaa of the ,federal ,financial ,institutions ,examination ,council ,act of #aigh 7#ab ,u4,s4,c4 #ccaj7 is amended1 in the first sentence1 by inserting the ,department of ,veterans ,affairs1 the ,rural ,housing ,service of the ,department of ,agriculture1 the ,department of ,housing and ,urban ,development1 after ,financial ,protection14 #djd4 ,helping ,more ,families ,save ,act ,section #bc of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcgu7 is amended by adding at the end the following3 7p7 ,escrow expansion pilot program 7#a7 ,definitions ,in this subsection3 7,a7 ,covered family ,the term covered family means a family that receives assistance under section #h or #i of this ,act and is enrolled in the pilot program4 7,b7 ,eligible entity ,the term eligible entity means an entity described in subsection 7c77#b74 7,c7 ,pilot program ,the term pilot program means the pilot program established under paragraph 7#b74 7,d7 ,welfare assistance ,the term welfare assistance has the meaning given the term in section #ihd4ajc of title #bd1 ,code of ,federal ,regulations1 or any successor regulation4 7#b7 ,establishment ,the ,secretary may establish a pilot program under which the ,secretary shall select not more than #be eligible entities to establish and manage escrow accounts for not more than #e1jjj covered families1 in accordance with this subsection4 7#c7 ,escrow accounts 7,a7 ,in general ,an eligible entity selected to participate in the pilot program-- 7i7 shall establish an interest-bearing escrow account and place into the account an amount equal to any increase in the amount of rent paid by each covered family in accordance with the provisions of section #c1 #h7o71 or #h7y71 as applicable1 that is attributable to increases in earned income by the covered families during the participation of each covered family in the pilot program2 and 7ii7 notwithstanding any other provision of law1 may use funds it controls under section #h or #i for purposes of making the escrow deposit for covered families assisted under1 or residing in units assisted under1 section #h or #i1 respectively1 provided such funds are offset by the increase in the amount of rent paid by the covered family4 7,b7 ,income limitation ,an eligible entity may not escrow any amounts for any covered family whose adjusted income exceeds #hj percent of the area median income at the time of enrollment4 7,c7 ,withdrawals ,a covered family may withdraw funds1 including interest earned1 from an escrow account established by an eligible entity under the pilot program-- 7i7 after the covered family ceases to receive welfare assistance2 and 7ii7 7,i7 not earlier than the date that is #e years after the date on which the eligible entity establishes the escrow account under this subsection2 7,,ii7 not later than the date that is #g years after the date on which the eligible entity establishes the escrow account under this subsection1 if the covered family chooses to continue to participate in the pilot program after the date that is #e years after the date on which the eligible entity establishes the escrow account2 7,,iii7 on the date the covered family ceases to receive housing assistance under section #h or #i1 if such date is earlier than #e years after the date on which the eligible entity establishes the escrow account2 7,,iv7 earlier than #e years after the date on which the eligible entity establishes the escrow account1 if the covered family is using the funds to advance a self-sufficiency goal as approved by the eligible entity2 7,v7 for any reason listed under section #ihd4cjc7k7 of title #bd1 ,code of ,federal ,regulations2 or 7,,vi7 under other circumstances in which the ,secretary determines an exemption for good cause is warranted4 7,d7 ,interim recertification ,for purposes of the pilot program1 a covered family may recertify the income of the covered family multiple times per year at the request of the participating family1 as determined by the ,secretary1 and not less frequently than once per year1 unless the eligible entity has established an alternative rent structure with approval from the ,secretary4 7,e7 ,contract or plan ,a covered family is not required to complete a standard contract of participation or an individual training and services plan in order to participate in the pilot program4 7#d7 ,effect of increases in family income ,any increase in the earned income of a covered family during the enrollment of the family in the pilot program may not be considered as income or a resource for purposes of eligibility of the family for other benefits1 or amount of benefits payable to the family1 under any program administered by the ,secretary4 7#e7 ,application 7,a7 ,in general ,an eligible entity seeking to participate in the pilot program shall submit to the ,secretary an application-- 7i7 at such time1 in such manner1 and containing such information as the ,secretary may require by notice2 and 7ii7 that includes the number of proposed covered families to be served by the eligible entity under this subsection4 7,b7 ,geographic and entity variety ,the ,secretary shall ensure that eligible entities selected to participate in the pilot program-- 7i7 are located across various ,states and in both urban and rural areas2 and 7ii7 vary by size and type1 including both public housing agencies and private owners of projects receiving project-based rental assistance under section #h4 7#f7 ,notification and opt-out ,an eligible entity participating in the pilot program shall-- 7,a7 notify covered families of their enrollment in the pilot program2 7,b7 provide covered families with a detailed description of the pilot program1 including how the pilot program will impact their rent and finances2 7,c7 inform covered families that the families cannot simultaneously participate in the pilot program and the ,family ,self-,sufficiency program under this section2 and 7,d7 provide covered families with the ability to elect not to participate in the pilot program-- 7i7 not less than #b weeks before the date on which the escrow account is established under paragraph 7#c72 and 7ii7 at any point during the duration of the pilot program4 7#g7 ,maximum rents ,during the term of participation by a covered family in the pilot program1 the amount of rent paid by the covered family shall be calculated under the rental provisions of section #c or #h7o71 as applicable4 7#h7 ,pilot program timeline 7,a7 ,awards ,not later than #a year after establishing the pilot program1 the ,secretary shall select the eligible entities to participate in the pilot program4 7,b7 ,establishment and term of accounts ,an eligible entity selected to participate in the pilot program shall-- 7i7 not later than #f months after selection1 establish escrow accounts under paragraph 7#c7 for covered families2 and 7ii7 maintain those escrow accounts for not less than #e years1 or until a determination is made for termination with ,,fss escrow disbursement under section #ihd4cjc7k7 of title #bd1 ,code of ,federal ,regulations1 or until the date the family ceases to receive assistance under section #h or #i1 and1 at the discretion of the covered family1 not more than #g years after the date on which the escrow account is established4 7#i7 ,nonparticipation and housing assistance 7,a7 ,in general ,assistance under section #h or #i for a family that elects not to participate in the pilot program shall not be delayed or denied by reason of such election4 7,b7 ,no termination ,housing assistance may not be terminated as a consequence of participating1 or not participating1 in the pilot program under this subsection for any period4 7#aj7 ,study ,not later than #aj years after the date the ,secretary selects eligible entities to participate in the pilot program under this subsection1 the ,secretary shall1 if awards were made1 conduct a study and submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report on outcomes for covered families under the pilot program1 which shall evaluate the effectiveness of the pilot program in assisting families to achieve economic independence and self-sufficiency1 and the impact coaching and supportive services1 or the lack thereof1 had on individual incomes4 7#aa7 ,waivers ,to allow selected eligible entities to effectively administer the pilot program and make the required escrow account deposits under this subsection1 the ,secretary may waive requirements under this section4 7#ab7 ,termination ,the pilot program under this subsection shall terminate on the date that is #aj years after the date of enactment of this subsection4 7#ac7 ,eligible uses of appropriations ,subject to the appropriation of funds1 the ,secretary may use funds-- 7,a7 for technical assistance related to implementation of the pilot program2 and 7,b7 to carry out an evaluation of the pilot program under paragraph 7#aj74 4 #dje4 ,choice in ,affordable ,housing ,act 7a7 ,satisfaction of inspection requirements through participation in other housing programs ,section #h7o77#h7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f7o77#h77 is amended by adding at the end the following3 7,i7 ,satisfaction of inspection requirements through participation in other housing programs 7i7 ,low-income housing tax credit-financed buildings ,a dwelling unit shall be deemed to meet the inspection requirements under this paragraph if-- 7,i7 the dwelling unit is in a building1 the acquisition1 rehabilitation1 or construction of which was done by a building owner who may be eligible for low-income housing credits because the building had been allocated a housing credit dollar amount under section #db7;h7 of the ,internal ,revenue ,code of #aihf or is described in section #db7;h77#d7 of such ,code 7concerning buildings that meet a criterion for a certain amount of tax-exempt financing72 7,,ii7 the dwelling unit1 during the preceding #ab-month period1 was physically inspected and satisfied the suitability-for-occupancy requirement in section #db7;i77#c77;,b77ii7 of such ,code2 and 7,,iii7 the applicable public housing agency performed the inspection itself or is able to obtain the results of the inspection described in subclause 7,,ii74 7ii7 ,home ,investment ,partnerships ,program ,a dwelling shall be deemed to meet the inspection requirements under this paragraph if-- 7,i7 the dwelling unit is assisted under the ,,home ,investment ,partnerships ,program under title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgba et seq472 7,,ii7 the dwelling unit was physically inspected and passed inspection as part of the program described in subclause 7,i7 during the preceding #ab-month period2 and 7,,iii7 the applicable public housing agency is able to obtain the results of the inspection described in subclause 7,,ii74 7iii7 ,rural ,housing ,service ,a dwelling unit shall be deemed to meet the inspection requirements under this paragraph if-- 7,i7 the dwelling unit is assisted by the ,rural ,housing ,service of the ,department of ,agriculture2 7,,ii7 the dwelling unit was physically inspected and passed inspection in connection with the assistance described in subclause 7,i7 during the preceding #ab-month period2 and 7,,iii7 the applicable public housing agency is able to obtain the results of the inspection described in subclause 7,,ii74 7iv7 ,remote or video inspections ,when complying with inspection requirements for a housing unit located in a rural or small area using assistance under this section1 the ,secretary may allow a grantee to conduct a remote or video inspection of a unit4 7v7 ,rule of construction ,nothing in clause 7i71 7ii71 7iii71 or 7iv7 shall be construed to affect the operation of a housing program described in1 or authorized under a provision of law described in1 that clause4 4 7b7 ,pre-approval of units ,section #h7o77#h77;,a7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f7o77#h77;,a77 is amended by adding at the end the following3 7iv7 ,initial inspection prior to lease agreement 7,i7 ,definition ,in this clause1 the term new landlord means an owner of a dwelling unit who has not previously entered into a housing assistance payment contract with a public housing agency under this subsection for any dwelling unit4 7,,ii7 ,early inspection ,upon the request of a new landlord1 a public housing agency may inspect the dwelling unit owned by the new landlord to determine whether the unit meets the housing quality standards under subparagraph 7,b7 before the unit is selected by a tenant assisted under this subsection4 7,,iii7 ,effect ,an inspection conducted under subclause 7,,ii7 that determines that the dwelling unit meets the housing quality standards under subparagraph 7,b7 shall satisfy this subparagraph and subparagraph 7,c7 if the new landlord enters into a lease agreement with a tenant assisted under this subsection not later than #fj days after the date of the inspection4 7,,iv7 ,information when family is selected ,when a public housing agency selects a family to participate in the tenant-based assistance program under this subsection1 the public housing agency shall include in the information provided to the family a list of dwelling units that have been inspected under subclause 7,,ii7 and determined to meet the housing quality standards under subparagraph 7,b74 4 ,v ,program ,reform #eja4 ,reforming ,disaster ,recovery ,act 7a7 ,definitions ,in this section3 7#a7 ,department ,the term ,department means the ,department of ,housing and ,urban ,development4 7#b7 ,fund ,the term ,fund means the ,long-,term ,disaster ,recovery ,fund established under subsection 7c74 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7b7 ,duties of the ,department of ,housing and ,urban ,development 7#a7 ,in general ,the offices and officers of the ,department shall be responsible for-- 7,a7 leading and coordinating the disaster-related responsibilities of the ,department under the ,national ,response ,framework1 the ,national ,disaster ,recovery ,framework1 and the ,national ,mitigation ,framework2 7,b7 coordinating and administering programs1 policies1 and activities of the ,department related to disaster relief1 long-term recovery1 resiliency1 and mitigation1 including disaster recovery assistance under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq472 7,c7 supporting disaster-impacted communities as those communities specifically assess1 plan for1 and address the housing stock and housing needs in the transition from emergency shelters and interim housing to permanent housing of those displaced1 especially among vulnerable populations and extremely low-1 low-1 and moderate-income households2 7,d7 collaborating with the ,federal ,emergency ,management ,agency and the ,small ,business ,administration and across the ,department to align disaster-related regulations and policies1 including incorporation of consensus-based codes and standards and insurance purchase requirements1 and ensuring coordination and reducing duplication among other ,federal disaster recovery programs2 7,e7 promoting best practices in mitigation and resilient land use planning2 7,f7 coordinating technical assistance1 including mitigation1 resiliency1 and recovery training and information on all relevant legal and regulatory requirements1 to entities that receive disaster recovery assistance under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq47 that demonstrate capacity constraints2 and 7,g7 supporting ,state1 ,tribal1 and local governments in developing1 coordinating1 and maintaining their capacity for disaster resilience and recovery and developing pre-disaster recovery and hazard mitigation plans1 in coordination with the ,federal ,emergency ,management ,agency and other ,federal agencies4 7#b7 ,establishment of the ,office of ,disaster ,management and ,resiliency ,section #d of the ,department of ,housing and ,urban ,development ,act 7#db ,u4,s4,c4 #cecc7 is amended by adding at the end the following3 7i7 ,office of ,disaster ,management and ,resiliency 7#a7 ,establishment ,there is established the ,office of ,disaster ,management and ,resiliency4 7#b7 ,duties ,the ,office of ,disaster ,management and ,resiliency shall-- 7,a7 be responsible for oversight and coordination of all departmental disaster preparedness and response responsibilities2 and 7,b7 coordinate with the ,federal ,emergency ,management ,agency1 the ,small ,business ,administration1 and other offices of the ,department in supporting recovery and resilience activities to provide a comprehensive approach in working with communities4 4 7c7 ,long-,term ,disaster ,recovery ,fund 7#a7 ,establishment ,there is established in the ,treasury of the ,united ,states an account to be known as the ,long-,term ,disaster ,recovery ,fund4 7#b7 ,deposits1 transfers1 and credit 7,a7 ,in general ,the ,fund shall consist of amounts appropriated1 transferred1 and credited to the ,fund4 7,b7 ,transfers ,the following may be transferred to the ,fund3 7i7 ,amounts made available through section #ajf7;c77#d7 of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjf7;c77#d77 as a result of actions taken under section #ajd7;e71 #aaa1 or #abd7;j7 of such ,act4 7ii7 ,any unobligated balances available until expended remaining or subsequently recaptured from amounts appropriated for any disaster and related purposes under the heading ,community ,development ,fund in any ,act prior to the establishment of the ,fund4 7,c7 ,use of transferred amounts ,amounts transferred to the ,fund shall be used for the eligible uses described in paragraph 7#c74 7#c7 ,eligible uses of fund 7,a7 ,in general ,amounts in the ,fund shall be available-- 7i7 to provide assistance in the form of grants under section #abd of the ,housing and ,community ,development ,act of #aigd1 as added by subsection 7d72 and 7ii7 for activities of the ,department that support the provision of such assistance1 including necessary salaries and expenses1 information technology1 and capacity building1 technical assistance1 and pre-disaster readiness4 7,b7 ,set-aside ,of each amount appropriated for or transferred to the ,fund1 #c percent shall be made available for activities described in subparagraph 7,a77ii71 which shall be in addition to other amounts made available for those activities4 7,c7 ,transfer of funds ,with respect to amounts made available for use in accordance with subparagraph 7,b7-- 7i7 amounts may be transferred to the account under the heading for ,program ,offices--,salaries and ,expenses--,community ,planning and ,development1 or any successor account1 for the ,department to carry out activities described in subparagraph7,b72 and 7ii7 amounts may be used for the activities described in subparagraph 7,a77ii7 and for the administrative costs of administering any funds appropriated to the ,department under the heading ,community ,planning and ,development--,community ,development ,fund for any major disaster declared under section #dja of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagj7 in any ,act before the establishment of the ,fund4 7,d7 ,inspector ,general 7i7 ,in general ,not less than one-tenth of #a percent of each series of awards the ,secretary makes from the ,fund shall be transferred to the account under the heading ,office of ,inspector ,general for the ,department of ,housing and ,urban ,development to support audit activities and to investigate grantee noncompliance with program requirements and waste1 fraud1 and abuse as a result of appropriations made available through the ,fund4 7ii7 ,availability ,funding under clause 7i7 shall not be made available to the ,office of ,inspector ,general until #ij days after the date on which the grantee plan or supplemental plan for the grantee is approved by the ,secretary under subsection 7c7 or 7f77#c77;,c7 of section #abd of the ,housing and ,community ,development ,act of #aigd1 as added by subsection 7d71 is approved by the ,secretary4 7#d7 ,interchangeability of prior administrative amounts ,any amounts appropriated in any ,act prior to the establishment of the ,fund and transferred to the account under the heading ,program ,offices--,salaries and ,expenses--,community ,planning and ,development1 or any predecessor account1 for the ,department for the costs of administering funds appropriated to the ,department under the heading ,community ,planning and ,development--,community ,development ,fund for any major disaster declared under section #dja of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagj7 shall be available for the costs of administering any such funds provided by any prior or future ,act1 notwithstanding the purposes for which those amounts were appropriated and in addition to any amount provided for the same purposes in other appropriations ,acts4 7#e7 ,availability of amounts ,amounts appropriated1 transferred1 and credited to the ,fund shall remain available until expended4 7#f7 ,formula allocation ,use of amounts in the ,fund for grants shall be made by formula allocation in accordance with the requirements of section #abd7;a7 of the ,housing and ,community ,development ,act of #aigd1 as added by subsection 7d74 7d7 ,establishment of ,,cdbg ,disaster ,recovery ,program ,title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq471 as amended by this ,act1 is amended-- 7#a7 in section #ajb7;a7 7#db ,u4,s4,c4 #ecjb7;a77-- 7,a7 in paragraph 7#bj7-- 7i7 by redesignating subparagraph 7,b7 as subparagraph 7,c72 7ii7 in subparagraph 7,c71 as so redesignated1 by inserting or 7,b7 after subparagraph 7,a72 and 7iii7 by inserting after subparagraph 7,a7 the following3 7,b7 ,the term persons of extremely low income means families and individuals whose income levels do not exceed household income levels determined by the ,secretary under section #c7;b77#b7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;a7b77#b77;,c771 except that the ,secretary may provide alternative definitions for the ,commonwealth of ,puerto ,rico1 ,guam1 the ,commonwealth of the ,northern ,mariana ,islands1 the ,united ,states ,virgin ,islands1 and ,american ,samoa4 2 and 7,b7 by adding at the end the following3 7#be7 ,the term major disaster has the meaning given the term in section #ajb of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eabb74 2 7#b7 in section #ajf7;c77#d7 7#db ,u4,s4,c4 #ecjf7;c77#d77-- 7,a7 in subparagraph 7,a7-- 7i7 by striking declared by the ,president under the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act2 7ii7 by inserting ,states for use in nonentitlement areas and to before metropolitan cities2 and 7iii7 by inserting major after affected by the2 7,b7 in subparagraph 7,c7-- 7i7 by striking metropolitan city or and inserting ,state1 metropolitan city1 or2 7ii7 by striking city or county and inserting ,state1 city1 or county2 and 7iii7 by inserting major before disaster2 7,c7 in subparagraph 7,d71 by striking metropolitan cities and and inserting ,states1 metropolitan cities1 and2 7,d7 in subparagraph 7,f7-- 7i7 by striking metropolitan city or and inserting ,state1 metropolitan city1 or2 and 7ii7 by inserting major before disaster2 and 7,e7 in subparagraph 7,g71 by striking metropolitan city or and inserting ,state1 metropolitan city1 or2 7#c7 in section #abb 7#db ,u4,s4,c4 #ecba71 by striking disaster under title ,,iv of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act and inserting major disaster2 and 7#d7 by adding at the end the following3 #abd4 ,community development block grant disaster recovery program 7a7 ,authorization1 formula1 and allocation 7#a7 ,authorization ,the ,secretary is authorized to make community development block grant disaster recovery grants from the ,long-,term ,disaster ,recovery ,fund established under section #eja7;c7 of the #bast ,century ,,road to ,housing ,act 7hereinafter referred to as the ,fund7 for necessary expenses for activities authorized under subsection 7f77#a7 related to disaster relief1 long-term recovery1 restoration of housing and infrastructure1 economic revitalization1 and mitigation in the most impacted and distressed areas resulting from a catastrophic major disaster4 7#b7 ,grant awards ,grants shall be awarded under this section to ,states1 units of general local government1 and ,indian tribes based on capacity and the concentration of damage1 as determined by the ,secretary1 to support the efficient and effective administration of funds4 7#c7 ,section #ajf allocations ,grants under this section shall not be considered relevant to the formula allocations made pursuant to section #ajf4 7#d7 ,federal ,register notice 7,a7 ,in general ,not later than #cj days after the date of enactment of this section1 the ,secretary shall issue a notice in the ,federal ,register containing the latest formula allocation methodologies used to determine the total estimate of unmet needs related to housing1 economic revitalization1 and infrastructure in the most impacted and distressed areas resulting from a catastrophic major disaster4 7,b7 ,public comment ,if the ,secretary has not already requested public comment on the formula described in the notice required by subparagraph 7,a71 the ,secretary shall solicit public comments on-- 7i7 the methodologies described in subparagraph 7,a7 and seek alternative methods for formula allocation within a similar total amount of funding2 7ii7 the impact of formula methodologies on rural areas and ,tribal areas2 7iii7 adjustments to improve targeting to the most serious needs2 7iv7 objective criteria for grantee capacity and concentration of damage to inform grantee determinations and minimum allocation thresholds2 and 7v7 research and data to inform an additional amount to be provided for mitigation depending on type of disaster1 which shall be up to #ah percent of the total estimate of unmet needs4 7#e7 ,regulations 7,a7 ,in general ,the ,secretary shall1 by regulation1 establish a formula to allocate assistance from the ,fund to the most impacted and distressed areas resulting from a catastrophic major disaster4 7,b7 ,formula requirements ,the formula established under subparagraph 7,a7 shall-- 7i7 set forth criteria to determine that a major disaster is catastrophic1 which criteria shall consider the presence of a high concentration of damaged housing or businesses that individual1 ,state1 ,tribal1 and local resources could not reasonably be expected to address without additional ,federal assistance or other nationally encompassing data that the ,secretary determines are adequate to assess relative impact and distress across geographic areas2 7ii7 include a methodology for identifying most impacted and distressed areas1 which shall consider unmet serious needs related to housing1 economic revitalization1 and infrastructure2 7iii7 include an allocation calculation that considers the unmet serious needs resulting from the catastrophic major disaster and an additional amount up to #ah percent for activities to reduce risks of loss resulting from other natural disasters in the most impacted and distressed area1 primarily for the benefit of low- and moderate-income persons1 with particular focus on activities that reduce repetitive loss of property and critical infrastructure2 and 7iv7 establish objective criteria for periodic review and updates to the formula to reflect changes in available data4 7,c7 ,minimum allocation threshold ,the ,secretary shall1 by regulation1 establish a minimum allocation threshold4 7,d7 ,interim allocation ,until such time that the ,secretary issues final regulations under this paragraph1 the ,secretary shall-- 7i7 allocate assistance from the ,fund using the formula allocation methodology published in accordance with paragraph 7#d72 and 7ii7 include an additional amount for mitigation of up to #ah percent of the total estimate of unmet need4 7#f7 ,allocation of funds 7,a7 ,in general ,the ,secretary shall-- 7i7 except as provided in clause 7ii71 not later than #ij days after the ,president declares a major disaster1 use best available data to determine whether the major disaster is catastrophic and qualifies for assistance under the formula described in paragraph 7#d7 or 7#e71 unless data is insufficient to make this determination2 and 7ii7 if the best available data is insufficient to make the determination required under clause 7i7 within the #ij-;day period described in that clause1 determine whether the major disaster qualifies when sufficient data becomes available1 but in no case shall the ,secretary make the determination later than #abj days after the declaration of the major disaster4 7,b7 ,announcement of allocation ,if amounts are available in the ,fund at the time the ,secretary determines that the major disaster is catastrophic and qualifies for assistance under the formula described in paragraph 7#d7 or 7#e71 the ,secretary shall immediately announce an allocation for a grant under this section4 7,c7 ,additional amounts ,if additional amounts are appropriated to the ,fund after amounts are allocated under subparagraph 7,b71 the ,secretary shall announce an allocation or additional allocation 7if a prior allocation under subparagraph 7,b7 was less than the formula calculation7 within #ae days of any such appropriation4 7#g7 ,preliminary funding 7,a7 ,in general ,to speed recovery1 the ,secretary is authorized to allocate and award preliminary grants from the ,fund before making a determination under paragraph 7#f77;,a7 if the ,secretary projects1 based on a preliminary assessment of impact and distress1 that a major disaster is catastrophic and would likely qualify for funding under the formula described in paragraph 7#d7 or 7#e74 7,b7 ,amount 7i7 ,maximum ,the ,secretary may award preliminary funding under subparagraph 7,a7 in an amount that is not more than #e1jjj1jjj4 7ii7 ,sliding scale ,the ,secretary shall1 by regulation1 establish a sliding scale for preliminary funding awarded under subparagraph 7,a7 based on the size of the preliminary assessment of impact and distress4 7,c7 ,use of funds ,the uses of preliminary funding awarded under subparagraph 7,a7 shall be limited to eligible activities that-- 7i7 in the determination of the ,secretary1 will support faster recovery1 improve the ability of the grantee to assess unmet recovery needs1 plan for the prevention of improper payments1 and reduce fraud1 waste1 and abuse2 and 7ii7 may include evaluating the interim housing1 permanent housing1 and supportive service needs of the disaster impacted community1 with special attention to vulnerable populations1 such as homeless and low- to moderate-income households1 to inform the grantee action plan required under subsection 7c74 7,d7 ,consideration of funding ,preliminary funding awarded under subparagraph 7,a7-- 7i7 is not subject to the certification requirements of subsection 7h77#b72 and 7ii7 shall not be considered when calculating the amount of the grant used for administrative costs1 technical assistance1 and planning activities that are subject to the requirements under subsection 7f77#c74 7,e7 ,waiver ,to expedite the use of preliminary funding for activities described in this paragraph1 the ,secretary may waive or specify alternative requirements to the requirements of this section in accordance with subsection 7i74 7,f7 ,amended award 7i7 ,in general ,an award for preliminary funding under subparagraph 7,a7 may be amended to add any subsequent amount awarded because of a determination by the ,secretary that a major disaster is catastrophic and qualifies for assistance under the formula4 7ii7 ,applicability ,notwithstanding subparagraph 7,d71 amounts provided by an amendment under clause 7i7 are subject to the requirements under subsections 7f77#a7 and 7h77#a7 and other requirements on grant funds under this section4 7,g7 ,technical assistance ,concurrent with the allocation of any preliminary funding awarded under this paragraph1 the ,secretary shall assign or provide technical assistance to the recipient of the grant4 7b7 ,interchangeability 7#a7 ,in general ,the ,secretary is authorized to approve the use of grants under this section to be used interchangeably and without limitation for the same activities in the most impacted and distressed areas resulting from a declaration of another catastrophic major disaster that qualifies for assistance under the formula established under paragraph 7#d7 or 7#e7 of subsection 7a7 or a major disaster for which the ,secretary allocated funds made available under the heading ,community ,development ,fund in any ,act prior to the establishment of the ,fund4 7#b7 ,requirements ,the ,secretary shall establish requirements to expedite the use of grants under this section for the purpose described in paragraph 7#a74 7#c7 ,emergency designation ,amounts repurposed pursuant to this subsection that were previously designated by ,congress as an emergency requirement pursuant to the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe or a concurrent resolution on the budget are designated by the ,congress as being for an emergency requirement pursuant to section #djja7;a77#a7 of ,s4 ,con4 ,res4 #ad 7#aagth ,congress71 the concurrent resolution on the budget for fiscal year #bjbb1 and to legislation establishing fiscal year #bjbf budget enforcement in the ,house of ,representatives4 7c7 ,grantee plans 7#a7 ,requirement ,not later than #ij days after the date on which the ,secretary announces a grant allocation under this section1 unless an extension is granted by the ,secretary1 the grantee shall submit to the ,secretary a plan for approval describing-- 7,a7 the activities the grantee will carry out with the grant under this section2 7,b7 the criteria of the grantee for awarding assistance and selecting activities2 7,c7 how the use of the grant under this section will address disaster relief1 long-term recovery1 restoration of housing and infrastructure1 economic revitalization1 and mitigation in the most impacted and distressed areas2 7,d7 how the use of the grant funds for mitigation is consistent with hazard mitigation plans submitted to the ,federal ,emergency ,management ,agency under section #cbb of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eafe72 7,e7 the estimated amount proposed to be used for activities that will benefit persons of low and moderate income2 7,f7 how the use of grant funds will repair and replace existing housing stock for vulnerable populations1 including low- to moderate-income households2 7,g7 how the grantee will address the priorities described in paragraph 7#e72 7,h7 how uses of funds are proportional to unmet needs1 as required under paragraph 7#f72 7,i7 for ,state grantees that plan to distribute grant amounts to units of general local government1 a description of the method of distribution2 and 7,j7 such other information as may be determined by the ,secretary in regulation4 7#b7 ,public consultation ,to permit public examination and appraisal of the plan described in paragraph 7#a71 to enhance the public accountability of grantee1 and to facilitate coordination of activities with different levels of government1 when developing the plan or substantial amendments proposed to the plan required under paragraph 7#a71 a grantee shall-- 7,a7 publish the plan before adoption2 7,b7 provide citizens1 affected units of general local government1 and other interested parties with reasonable notice of1 and opportunity to comment on1 the plan1 with a public comment period of not less than #ad days2 7,c7 consider comments received before submission to the ,secretary2 7,d7 follow a citizen participation plan for disaster assistance adopted by the grantee that1 at a minimum1 provides for participation of residents of the most impacted and distressed area affected by the major disaster that resulted in the grant under this section and other considerations established by the ,secretary2 and 7,e7 undertake any consultation with interested parties as may be determined by the ,secretary in regulation4 7#c7 ,approval ,the ,secretary shall-- 7,a7 by regulation1 specify criteria for the approval1 partial approval1 or disapproval of a plan submitted under paragraph 7#a71 including approval of substantial amendments to the plan2 7,b7 review a plan submitted under paragraph 7#a7 upon receipt of the plan2 7,c7 allow a grantee to revise and resubmit a plan or substantial amendment to a plan under paragraph 7#a7 that the ,secretary disapproves2 7,d7 by regulation1 specify criteria for when the grantee shall be required to provide the required revisions to a disapproved plan or substantial amendment under paragraph 7#a7 for public comment prior to resubmission of the plan or substantial amendment to the ,secretary2 and 7,e7 approve1 partially approve1 or disapprove a plan or substantial amendment under paragraph 7#a7 not later than #fj days after the date on which the plan or substantial amendment is received by the ,secretary4 7#d7 ,low- and moderate-income overall benefit 7,a7 ,use of funds ,not less than #gj percent of a grant made under this section shall be used for activities that benefit persons of low and moderate income unless the ,secretary-- 7i7 specifically finds that-- 7,i7 there is compelling need to reduce the percentage for the grant2 and 7,,ii7 the housing needs of low- and moderate-income persons have been addressed2 and 7ii7 issues a waiver and alternative requirement specific to the grant pursuant to subsection 7i7 to lower the percentage4 7,b7 ,regulations ,the ,secretary shall1 by regulation1 establish protocols that reflect the required use of funds under subparagraph 7,a71 including persons with extremely and very low incomes4 7#e7 ,prioritization ,the grantee shall prioritize activities that-- 7,a7 assist persons with extremely low-1 low-1 and moderate-incomes and other vulnerable populations to better recover from and withstand future disasters2 7,b7 address housing needs arising from a disaster1 or those needs present prior to a disaster1 including the needs of both renters and homeowners2 7,c7 prolong the life of housing and infrastructure2 7,d7 use cost-effective means of preventing harm to people and property and incorporate protective features and redundancies2 and 7,e7 other measures that will assure the continuation of critical services during future disasters4 7#f7 ,proportional allocation ,for each specific disaster1 a grantee under this section shall allocate grant funds proportional to unmet needs between housing activities for renters and homeowners1 economic revitalization1 and infrastructure unless the ,secretary specifically finds that-- 7,a7 there is a compelling need for a disproportional allocation among those unmet needs2 and 7,b7 the disproportional allocation described in subparagraph 7,a7 is not inconsistent with the requirements under paragraph 7#d74 7#g7 ,disaster risk mitigation 7,a7 ,definition ,in this paragraph1 the term hazard-prone areas-- 7i7 means areas identified by the ,secretary1 in consultation with the ,administrator of the ,federal ,emergency ,management ,agency1 at risk from natural hazards that threaten property damage or health1 safety1 and welfare1 such as floods1 wildfires 7including ,wildland-,urban ,interface areas71 earthquakes1 lava inundation1 tornados1 and high winds2 and 7ii7 includes areas having special flood hazards as identified under the ,flood ,disaster ,protection ,act of #aigc 7#db ,u4,s4,c4 #djjb et seq47 or the ,national ,flood ,insurance ,act of #aifh 7#db ,u4,s4,c4 #djja et seq474 7,b7 ,hazard-prone areas ,the ,secretary1 in consultation with the ,administrator of the ,federal ,emergency ,management ,agency1 shall establish minimum construction standards1 insurance purchase requirements1 and other requirements for the use of grant funds in hazard-prone areas4 7,c7 ,special flood hazards 7i7 ,in general ,for the areas described in subparagraph 7,a77ii71 the insurance purchase requirements established under subparagraph 7,b7 shall meet or exceed the requirements under section #ajb7;a7 of the ,flood ,disaster ,protection ,act of #aigc 7#db ,u4,s4,c4 #djab;a7a774 7ii7 ,treatment as financial assistance ,all grants under this section shall be treated as financial assistance for purposes of section #c7;a77#c7 of the ,flood ,disaster ,protection ,act of #aigc 7#db ,u4,s4,c4 #djjc7;a77#c774 7,d7 ,consideration of future risks ,the ,secretary may consider future risks to protecting property and health1 safety1 and general welfare1 and the likelihood of those risks1 when making the determination of or modification to hazard-prone areas under this paragraph4 7#h7 ,relocation 7,a7 ,in general ,the ,uniform ,relocation ,assistance and ,real ,property ,acquisition ,policies ,act of #aigj 7#db ,u4,s4,c4 #dfja et seq47 shall apply to activities assisted under this section to the extent determined by the ,secretary in regulation1 or as provided in waivers or alternative requirements authorized in accordance with subsection 7i74 7,b7 ,policy ,each grantee under this section shall establish a relocation assistance policy that-- 7i7 minimizes displacement and describes the benefits available to persons displaced as a direct result of acquisition1 rehabilitation1 or demolition in connection with an activity that is assisted by a grant under this section2 and 7ii7 includes any appeal rights or other requirements that the ,secretary establishes by regulation4 7d7 ,certifications ,any grant under this section shall be made only if the grantee certifies to the satisfaction of the ,secretary that-- 7#a7 the grantee is in full compliance with the requirements under subsection 7c77#b72 7#b7 for grants other than grants to ,indian tribes1 the grant will be conducted and administered in conformity with the ,civil ,rights ,act of #aifd 7#db ,u4,s4,c4 #bjjj;a et seq47 and the ,fair ,housing ,act 7#db ,u4,s4,c4 #cfja et seq472 7#c7 the projected use of funds has been developed so as to give maximum feasible priority to activities that will benefit recipients described in subsection 7c77#d77;,a7 and activities described in subsection 7c77#e71 and may also include activities that are designed to aid in the prevention or elimination of slum and blight to support disaster recovery1 meet other community development needs having a particular urgency because existing conditions pose a serious and immediate threat to the health or welfare of the community where other financial resources are not available to meet such needs1 and alleviate future threats to human populations1 critical natural resources1 and property that an analysis of hazards shows are likely to result from natural disasters in the future2 7#d7 the grant funds shall principally benefit persons of low- and moderate-income as described in subsection 7c77#d77;,a72 7#e7 for grants other than grants to ,indian tribes1 within #bd months of receiving a grant or at the time of its #c- or #e-year update1 whichever is sooner1 the grantee will review and make modifications to its non-disaster housing and community development plans and strategies required by subsections 7c7 and 7m7 of section #ajd to reflect the disaster recovery needs identified by the grantee and consistency with the plan under subsection 7c77#a72 7#f7 the grantee will not attempt to recover any capital costs of public improvements assisted in whole or part under this section by assessing any amount against properties owned and occupied by persons of low and moderate income1 including any fee charged or assessment made as a condition of obtaining access to such public improvements1 unless-- 7,a7 funds received under this section are used to pay the proportion of such fee or assessment that relates to the capital costs of such public improvements that are financed from revenue sources other than under this chapter2 or 7,b7 for purposes of assessing any amount against properties owned and occupied by persons of moderate income1 the grantee certifies to the ,secretary that the grantee lacks sufficient funds received under this section to comply with the requirements of subparagraph 7,a72 7#g7 the grantee will comply with the other provisions of this title that apply to assistance under this section and with other applicable laws2 7#h7 the grantee will follow a relocation assistance policy that includes any minimum requirements identified by the ,secretary2 and 7#i7 the grantee will adhere to construction standards1 insurance purchase requirements1 and other requirements for development in hazard-prone areas described in subsection 7c77#g74 7e7 ,performance reviews and reporting 7#a7 ,in general ,the ,secretary shall1 on not less frequently than an annual basis until the closeout of a particular grant allocation1 make such reviews and audits as may be necessary or appropriate to determine whether a grantee under this section has-- 7,a7 carried out activities using grant funds in a timely manner2 7,b7 met the performance targets established by paragraph 7#b72 7,c7 carried out activities using grant funds in accordance with the requirements of this section1 the other provisions of this title that apply to assistance under this section1 and other applicable laws2 and 7,d7 a continuing capacity to carry out activities in a timely manner4 7#b7 ,performance targets ,the ,secretary shall develop and make publicly available critical performance targets for review1 which shall include spending thresholds for each year from the date on which funds are obligated by the ,secretary to the grantee until such time all funds have been expended4 7#c7 ,failure to meet targets 7,a7 ,suspension ,if a grantee under this section fails to meet #a or more critical performance targets under paragraph 7#b71 the ,secretary may temporarily suspend the grant4 7,b7 ,performance improvement plan ,if the ,secretary suspends a grant under subparagraph 7,a71 the ,secretary shall provide to the grantee a performance improvement plan with the specific requirements needed to lift the suspension within a defined time period4 7,c7 ,report ,if a grantee fails to meet the spending thresholds established under paragraph 7#b71 the grantee shall submit to the ,secretary1 the appropriate committees of ,congress1 and each member of ,congress who represents a district or ,state of the grantee a written report identifying technical capacity1 funding1 or other ,federal or ,state impediments affecting the ability of the grantee to meet the spending thresholds4 7#d7 ,collection of information and reporting 7,a7 ,requirement to report ,a grantee under this section shall provide to the ,secretary such information as the ,secretary may determine necessary for adequate oversight of the grant program under this section4 7,b7 ,public availability ,subject to subparagraph 7,d71 the ,secretary shall make information submitted under subparagraph 7,a7 available to the public and to the ,inspector ,general for the ,department of ,housing and ,urban ,development4 7,c7 ,summary status reports ,to increase transparency and accountability of the grant program under this section1 the ,secretary shall1 on not less frequently than an annual basis1 post on a public facing dashboard summary status reports for all active grants under this section that includes-- 7i7 the status of funds by activity2 7ii7 the percentages of funds allocated and expended to benefit low- and moderate-income communities2 7iii7 performance targets1 spending thresholds1 and accomplishments2 and 7iv7 other information the ,secretary determines to be relevant for transparency4 7,d7 ,considerations ,in carrying out this paragraph1 the ,secretary shall take such actions as may be necessary to ensure that personally identifiable information regarding applicants for assistance provided from funds made available under this section is not made publicly available4 7,e7 ,research partnerships 7i7 ,in general ,the ,secretary may1 upon a formal request from researchers1 make disaggregated information available to the requestor that is specific and relevant to the research being conducted1 and for the purposes of researching program impact and efficacy4 7ii7 ,privacy protections ,in making information available under clause 7i71 the ,secretary shall protect personally identifiable information as required under section #eeb;a of title #e1 ,united ,states ,code 7commonly known as the ,privacy ,act of #aigd74 7f7 ,eligible activities 7#a7 ,in general ,activities assisted under this section-- 7,a7 may include activities permitted under section #aje or other activities permitted by the ,secretary by waiver or alternative requirement pursuant to subsection 7i72 and 7,b7 shall be related to disaster relief1 long-term recovery1 restoration of housing and infrastructure1 economic revitalization1 and mitigation in the most impacted and distressed areas resulting from the major disaster for which the grant was awarded4 7#b7 ,prohibition ,grant funds under this section may not be used for costs reimbursable by1 or for which funds have been made available by1 the ,federal ,emergency ,management ,agency or the ,united ,states ,army ,corps of ,engineers4 7#c7 ,administrative costs1 technical assistance and planning 7,a7 ,in general ,the ,secretary shall establish in regulation the maximum grant amounts a grantee may use for administrative costs1 technical assistance1 and planning activities1 taking into consideration size of grant1 complexity of recovery1 and other factors as determined by the ,secretary1 but not to exceed #h percent for administration and #bj percent in total4 7,b7 ,availability ,amounts available for administrative costs for a grant under this section shall be available for eligible administrative costs of the grantee for any grant made under this section1 without regard to a particular disaster4 7,c7 ,supplemental plan 7i7 ,in general ,grantees may submit to the ,secretary an optional supplemental plan to the grantee plan required under this title specifically for administrative costs1 which shall include a description of the use of all grant funds for administrative costs1 including for any eligible pre-award program administrative costs1 and how such uses will prepare the grantee to more effectively and expeditiously administer funds provided under the full plan4 7ii7 ,use of funds ,if a supplemental plan is approved under clause 7i71 a grantee may draw down the aforementioned administrative funds before the full grantee plan is approved4 7iii7 ,waivers ,in carrying out this subparagraph1 the ,secretary may include any waivers or alternative requirements in accordance with subsection 7i74 7#d7 ,program income ,notwithstanding any other provision of law1 any grantee under this section may retain program income that is realized from grants made by the ,secretary under this section if the grantee agrees that the grantee will utilize the program income in accordance with the requirements for grants under this section1 except that the ,secretary may-- 7,a7 by regulation1 exclude from consideration as program income any amounts determined to be so small that compliance with this paragraph creates an unreasonable administrative burden on the grantee2 or 7,b7 permit the grantee to transfer remaining program income to the other grants of the grantee under this title upon closeout of the grant4 7#e7 ,prohibition on use of assistance for employment relocation activities 7,a7 ,in general ,grants under this section may not be used to assist directly in the relocation of any industrial or commercial plant1 facility1 or operation1 from one area to another area1 if the relocation is likely to result in a significant loss of employment in the labor market area from which the relocation occurs4 7,b7 ,applicability ,the prohibition under subparagraph 7,a7 shall not apply to a business that was operating in the disaster-declared labor market area before the incident date of the applicable disaster and has since moved1 in whole or in part1 from the affected area to another ,state or to a labor market area within the same ,state to continue business4 7#f7 ,requirements ,grants under this section are subject to the requirements of this section1 the other provisions of this title that apply to assistance under this section1 and other applicable laws1 unless modified by waivers or alternative requirements in accordance with subsection 7i74 7g7 ,environmental review 7#a7 ,adoption ,a recipient of funds provided under this section that uses the funds to supplement ,federal assistance provided under section #bjc1 #djb1 #djc1 #djd1 #djf1 #djg1 #djh7;c77#d71 #dbh1 or #ejb of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagj;a1 #eagj;b1 #eagj;c1 #eagb1 #eagc1 #eagd7;c77#d71 #eahi;f1 #eaib7 may adopt1 without review or public comment1 any environmental review1 approval1 or permit performed by a ,federal agency1 and such adoption shall satisfy the responsibilities of the recipient with respect to such environmental review1 approval1 or permit under section #ajd7;g77#a71 so long as the actions covered by the existing environmental review1 approval1 or permit and the actions proposed for these supplemental funds are substantially the same4 7#b7 ,approval of release of funds ,notwithstanding section #ajd7;g77#b71 the ,secretary or a ,state may1 upon receipt of a request for release of funds and certification1 immediately approve the release of funds for an activity or project to be assisted under this section if the recipient has adopted an environmental review1 approval1 or permit under paragraph 7#a7 or the activity or project is categorically excluded from review under the ,national ,environmental ,policy ,act of #aifi 7#db ,u4,s4,c4 #dcba et seq474 7#c7 ,units of general local government ,the provisions of section #ajd7;g77#d7 shall apply to assistance under this section that a ,state distributes to a unit of general local government4 7h7 ,financial controls and procedures 7#a7 ,in general ,the ,secretary shall develop requirements and procedures to demonstrate that a grantee under this section-- 7,a7 has adequate financial controls and procurement processes2 7,b7 has adequate procedures to detect and prevent fraud1 waste1 abuse1 and duplication of benefit2 and 7,c7 maintains a comprehensive and publicly accessible website4 7#b7 ,certification ,before making a grant under this section1 the ,secretary shall certify that the grantee has in place proficient processes and procedures to comply with the requirements developed under paragraph 7#a71 as determined by the ,secretary4 7#c7 ,compliance before allocation ,the ,secretary may permit a ,state1 unit of general local government1 or ,indian tribe to demonstrate compliance with the requirements for adequate financial controls developed under paragraph 7#a7 before a disaster occurs and before receiving an allocation for a grant under this section4 7#d7 ,duplication of benefits 7,a7 ,in general ,funds made available under this section shall be used in accordance with section #cab of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eaee7 and such rules as may be prescribed under such section #cab4 7,b7 ,penalties ,in any case in which the use of grant funds under this section results in a prohibited duplication of benefits1 the grantee shall-- 7i7 apply an amount equal to the identified duplication to any allowable costs of the award consistent with actual1 immediate cash requirement2 7ii7 remit any excess amounts to the ,secretary to be credited to the obligated1 undisbursed balance of the grant consistent with requirements on ,federal payments applicable to such grantee2 and 7iii7 if excess amounts under clause 7ii7 are identified after the period of performance or after the closeout of the award1 remit such amounts to the ,secretary to be credited to the ,fund4 7,c7 ,failure to comply ,any grantee provided funds under this section or from prior appropriations ,acts under the heading ,community ,development ,fund for purposes related to major disasters that fails to comply with section #cab of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eaee7 or fails to satisfy penalties to resolve a duplication of benefits shall be subject to remedies for noncompliance under section #aaa1 unless the ,secretary publishes a determination in the ,federal ,register that it is not in the best interest of the ,federal ,government to pursue remedial actions4 7i7 ,waivers and alternative requirements 7#a7 ,in general ,in administering grants under this section1 the ,secretary may waive1 or specify alternative requirements for1 any provision of any statute or regulation that the ,secretary administers in connection with the obligation by the ,secretary or the use by the grantee of those funds 7except for requirements related to fair housing1 nondiscrimination1 labor standards1 the environment1 and the requirements of this section that do not expressly authorize modifications by waiver or alternative requirement71 if the ,secretary makes a public finding that good cause exists for the waiver or alternative requirement4 7#b7 ,effective date ,a waiver or alternative requirement described in paragraph 7#a7 shall not take effect before the date that is #e days after the date of publication of the waiver or alternative requirement on the website of the ,department of ,housing and ,urban ,development or the effective date for any regulation published in the ,federal ,register4 7#c7 ,public notification ,the ,secretary shall notify the public of all waivers or alternative requirements described in paragraph 7#a7 in accordance with the requirements of section #g7q77#c7 of the ,department of ,housing and ,urban ,development ,act 7#db ,u4,s4,c4 #cece7q77#c774 7j7 ,unused amounts 7#a7 ,deadline to use amounts ,a grantee under this section shall use an amount equal to the grant within #f years beginning on the date on which the ,secretary obligates the amounts to the grantee1 as such period may be extended under paragraph 7#d74 7#b7 ,recapture ,the ,secretary shall recapture and credit to the ,fund any amount that is unused by a grantee under this section upon the earlier of-- 7,a7 the date on which the grantee notifies the ,secretary that the grantee has completed all activities identified in the disaster grantee's plan under subsection 7c72 or 7,b7 the expiration of the #f-year period described in paragraph 7#a71 as such period may be extended under paragraph 7#d74 7#c7 ,retention of funds ,notwithstanding paragraph 7#a71 the ,secretary-- 7,a7 shall allow a grantee under this section to retain amounts needed to close out grants2 and 7,b7 may allow a grantee under this section to retain up to #aj percent of the remaining funds to support maintenance of the minimal capacity to launch a new program in the event of a future disaster and to support pre-disaster long-term recovery and mitigation planning4 7#d7 ,extension of period for use of funds ,the ,secretary may extend the #f-year period described in paragraph 7#a7 by not more than #d years1 or not more than #f years for mitigation activities1 if-- 7,a7 the grantee submits to the ,secretary-- 7i7 written documentation of the exigent circumstances impacting the ability of the grantee to expend funds that could not be anticipated2 or 7ii7 a justification that such request is necessary due to the nature and complexity of the program and projects2 and 7,b7 the ,secretary submits a written justification for the extension to the ,committee on ,appropriations and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,appropriations and the ,committee on ,financial ,services of the ,house of ,representatives that specifies the period of that extension4 7k7 ,definition ,in this section1 the term ,indian tribe has the meaning given the term in section #d of the ,native ,american ,housing ,assistance and ,self-,determination ,act of #aiif 7#be ,u4,s4,c4 #dajc74 4 7e7 ,regulations 7#a7 ,proposed rules ,following consultation with the ,federal ,emergency ,management ,agency1 the ,small ,business ,administration1 and other ,federal agencies1 not later than #f months after the date of enactment of this ,act1 the ,secretary shall issue proposed rules to carry out this ,act and the amendments made by this ,act and shall provide a #ij-;day period for submission of public comments on those proposed rules4 7#b7 ,final rules ,not later than #a year after the date of enactment of this ,act1 the ,secretary shall issue final regulations to carry out section #abd of the ,housing and ,community ,development ,act of #aigd1 as added by subsection 7d74 7f7 ,coordination of disaster recovery assistance1 benefits1 and data with other ,federal agencies 7#a7 ,coordination of disaster recovery assistance ,in order to ensure a comprehensive approach to ,federal disaster relief1 long-term recovery1 restoration of housing and infrastructure1 economic revitalization1 and mitigation in the most impacted and distressed areas resulting from a catastrophic major disaster1 the ,secretary shall coordinate with the ,federal ,emergency ,management ,agency1 to the greatest extent practicable1 in the implementation of assistance authorized under section #abd of the ,housing and ,community ,development ,act of #aigd1 as added by subsection 7d74 7#b7 ,data sharing agreements ,to support the coordination of data to prevent duplication of benefits with other ,federal disaster recovery programs while also expediting recovery and reducing burden on disaster survivors1 the ,department shall establish data sharing agreements that safeguard privacy with relevant ,federal agencies to ensure disaster benefits effectively and efficiently reach intended beneficiaries1 while using effective means of preventing harm to people and property4 7#c7 ,data transfer from ,,fema and ,,sba to ,,hud ,as permitted and deemed necessary for efficient program execution1 and consistent with a computer matching agreement entered into under paragraph 7#f77;,a71 the ,administrator of the ,federal ,emergency ,management ,agency and the ,administrator of the ,small ,business ,administration shall provide data on disaster applicants to the ,department1 including1 when necessary1 personally identifiable information1 disaster recovery needs1 and resources determined eligible for1 and amounts expended1 to the ,secretary for all major disasters declared by the ,president pursuant to section #dja of ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagj7 for the purpose of providing additional assistance to disaster survivors and prevent duplication of benefits4 7#d7 ,data transfers from ,,hud to ,,hud grantees ,the ,secretary is authorized to provide to grantees under section #abd of the ,housing and ,community ,development ,act of #aigd1 as added by subsection 7d71 offices of the ,department1 technical assistance providers1 and lenders information that in the determination of the ,secretary is reasonably available and appropriate to inform the provision of assistance after a major disaster1 including information provided to the ,secretary by the ,administrator of the ,federal ,emergency ,management ,agency1 the ,administrator of the ,small ,business ,administration1 or other ,federal agencies4 7#e7 ,data transfers from ,,hud grantees to ,,hud1 ,,fema1 and ,,sba 7,a7 ,reporting ,grantees under section #abd of the ,housing and ,community ,development ,act of #aigd1 as added by subsection 7d71 shall report information requested by the ,secretary on households1 businesses1 and other entities assisted and the type of assistance provided4 7,b7 ,sharing information ,the ,secretary shall share information collected under subparagraph 7,a7 with the ,federal ,emergency ,management ,agency1 the ,small ,business ,administration1 and other ,federal agencies to support the planning and delivery of disaster recovery and mitigation assistance and other related purposes4 7#f7 ,privacy protection 7,a7 ,in general ,the ,secretary may make and receive data transfers authorized under this subsection1 including the use and retention of that data for computer matching programs1 to inform the provision of assistance1 assess disaster recovery needs1 and prevent the duplication of benefits and other waste1 fraud1 and abuse1 provided that-- 7i7 the ,secretary enters an information sharing agreement or a computer matching agreement1 when required by section #ebb;a of title #e1 ,united ,states ,code 7commonly known as the ,privacy ,act of #aigd71 with the ,administrator of the ,federal ,emergency ,management ,agency1 the ,administrator of the ,small ,business ,administration1 or other ,federal agencies covering the transfer of data2 and 7ii7 the ,secretary publishes intent to disclose data in the ,federal ,register4 7,b7 ,data sharing agreement ,notwithstanding clauses 7i7 and 7ii7 of subparagraph 7,a71 section #eeb;a of title #e1 ,united ,states ,code1 or any other law1 the ,secretary is authorized to share data with an entity identified in paragraph 7#d71 and the entity is authorized to use the data as described in this section1 if the ,secretary enters a data sharing agreement with the entity before sharing or receiving any information under transfers authorized by this section1 which data sharing agreement shall-- 7i7 in the determination of the ,secretary1 include measures adequate to safeguard the privacy and personally identifiable information of individuals2 and 7ii7 include provisions that describe how the personally identifiable information of an individual will be adequately safeguarded and protected1 which requires consultation with the ,secretary and the head of each ,federal agency the data of which is being shared subject to the agreement4 #ejb4 ,,home ,investment ,partnerships ,reauthorization and ,reform ,act 7a7 ,authorization ,section #bje of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgbd7 is amended to read as follows3 #bje4 ,authorization of program ,the ,,home ,investment ,partnerships ,program under subtitle ,a is hereby authorized4 4 7b7 ,definition of community housing development organization ,section #ajd7f77;,b7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgjd7f77;,b77 is amended by striking significant4 7c7 ,assistance for low-income families ,title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgba et seq47 is amended-- 7#a7 in section #bad7b7 7#db ,u4,s4,c4 #abgdb7b771 by striking households that qualify as low-income families and inserting families with a household income that does not exceed #ajj percent of the median family income of the area1 as determined by the ,secretary2 and 7#b7 in section #bga7;c7 7#db ,u4,s4,c4 #abhba7;c77-- 7,a7 in paragraph 7#a77;,b71 by striking low-income and inserting families with a household income that does not exceed #ajj percent of the median family income of the area as determined by the ,secretary with adjustments for smaller and larger families2 and 7,b7 in paragraph 7#b77;,a71 by striking low-income families and inserting families with a household income that does not exceed #ajj percent of the median family income of the area as determined by the ,secretary with adjustments for smaller and larger families4 7d7 ,choices made by participating jurisdictions ,section #bab7;a77#b7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgdb7;a77#b77 is amended to read as follows3 7#b7 ,limitation ,the ,secretary may not restrict the choice by a participating jurisdiction of rehabilitation1 substantial rehabilitation1 new construction1 reconstruction1 acquisition1 or other eligible housing uses authorized in paragraph 7#a7 unless the restriction is explicitly authorized under section #bbc7b74 4 7e7 ,use of amounts by certain jurisdictions for infrastructure improvements 7#a7 ,in general ,section #bab7;a7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgdb7;a77 is amended by inserting after paragraph 7#c7 the following3 7#d7 ,infrastructure improvements in nonentitlement areas 7,a7 ,in general ,a participating jurisdiction may use funds provided under this subtitle for infrastructure improvements1 including the installation or repair of water and sewer lines1 sidewalks1 roads1 and utility connections if-- 7i7 such participating jurisdiction does not receive assistance under title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecaj72 and 7ii7 such improvements are directly related to1 and located within or immediately adjacent to-- 7,i7 housing assisted under this subtitle2 or 7,,ii7 housing assisted under section #db of the ,internal ,revenue ,code of #aihf4 7,b7 ,application of labor standards ,the labor standards and requirements set forth in section #aaj of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecaj7 shall apply to any infrastructure improvement conducted using funds provided under this subtitle4 7,c7 ,rule of construction ,nothing in this paragraph may be construed to impose any requirements of the ,,home ,investment ,partnerships program on housing that benefits from an infrastructure improvement conducted using funds provided under this subtitle but was not otherwise assisted under the ,,home ,investment ,partnerships program4 4 7#b7 ,rulemaking ,not later than #a year after the date of enactment of this ,act1 the ,secretary of ,housing and ,urban ,development shall issue rules to carry out the amendment made by paragraph 7#a74 7f7 ,per unit investment limitations ,section #bab7;e77#a7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgdb7;e77#a77 is amended by striking the second sentence4 7g7 ,affordable rental housing qualifications ,section #bae7;a7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgde7;a77 is amended by adding at the end the following3 7#g7 ,qualification exception ,notwithstanding paragraph 7#a77;,a71 a rental unit shall be considered to qualify as affordable housing under this title if-- 7,a7 the unit is occupied by a tenant receiving tenant-based rental assistance under section #h of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f72 7,b7 the contribution of the tenant toward rent does not exceed the amount permitted under the assistance described in subparagraph 7,a72 and 7,c7 the total rent for the unit does not exceed the amount approved by the public housing agency administering the assistance described in subparagraph 7,a74 4 7h7 ,affordable homeownership housing qualifications ,section #bae of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgde7 is amended-- 7#a7 in subsection 7b7-- 7,a7 in paragraph 7#b71 by redesignating subparagraphs 7,a71 7,b71 and 7,c7 as clauses 7i71 7ii71 and 7iii71 respectively1 and adjusting the margins accordingly2 7,b7 in paragraph 7#c7-- 7i7 in subparagraph 7,a71 by redesignating clauses 7i7 and 7ii7 as subclauses 7,i7 and 7,,ii71 respectively1 and adjusting the margins accordingly2 and 7ii7 by redesignating subparagraphs 7,a7 and 7,b7 as clauses 7i7 and 7ii71 respectively1 and adjusting the margins accordingly2 7,c7 by redesignating paragraphs 7#a7 through 7#d7 as subparagraphs 7,a7 through 7,d71 respectively1 and adjusting the margins accordingly2 7,d7 by striking ,housing that is for homeownership and inserting the following3 7#a7 ,qualification ,housing that is for homeownership 2 7,e7 in paragraph 7#a71 as so designated-- 7i7 in subparagraph 7,a71 as so redesignated-- 7,i7 by striking #ie percent and inserting #aaj percent2 and 7,,ii7 by inserting 7defined as the amount borrowed by the homebuyer to purchase the home1 or the estimated value after rehabilitation1 which may be adjusted to account for the limits on future value imposed by the resale restriction7 after purchase price2 7ii7 in subparagraph 7,b71 as so redesignated1 in the matter preceding clause 7i71 by striking whose family qualifies as a low-income family and inserting with a family income that does not exceed #ajj percent of the median family income of the area as determined by the ,secretary with adjustments for smaller and larger families2 7iii7 in subparagraph 7,c71 as so redesignated-- 7,i7 in clause 7i77,,ii7-- 7aa7 by striking low-income homebuyers and inserting homebuyers with a household income that does not exceed #ajj percent of the median family income of the area1 as determined by the ,secretary with adjustments for smaller and larger families2 and 7bb7 by striking or at the end2 7,,ii7 in clause 7ii71 by striking and at the end and inserting or2 and 7,,iii7 by adding at the end the following3 7iii7 maintain long-term affordability through a shared equity ownership model1 a community land trust1 a limited equity cooperative1 a community development corporation1 or other mechanism approved by the ,secretary1 that preserves affordability for future eligible homebuyers and ensures compliance with the purposes of this title1 including through the use of purchase options1 rights of first refusal or other preemptive rights to purchase housing2 2 7iv7 in subparagraph 7,d71 as so redesignated1 by striking the period at the end and inserting 2 and2 and 7v7 by adding at the end the following3 7,e7 is subject to restrictions that are established by the participating jurisdiction and determined by the ,secretary to be appropriate1 including with respect to the useful life of the property1 to-- 7i7 require that any subsequent purchase of the property be-- 7,i7 only by a person who meets the qualifications specified under subparagraph 7,b72 and 7,,ii7 at a price that is determined by a formula or method established by the participating jurisdiction that provides the owner with a reasonable return on investment1 which may include a percentage of the cost of any improvements2 or 7ii7 recapture the investment provided under this title in order to assist other persons in accordance with the requirements of this title1 except where there are no net proceeds or where the net proceeds are insufficient to repay the full amount of the assistance4 2 and 7,f7 by adding at the end the following3 7#b7 ,purchase by community land trust or cooperative housing corporation ,notwithstanding subparagraph 7,c77i7 of paragraph 7#a7 and under terms determined by the ,secretary1 the ,secretary may permit a participating jurisdiction to allow a community land trust1 housing cooperative1 or a community development corporation that used assistance provided under this subtitle for the development of housing that meets the criteria under paragraph 7#a71 to acquire the housing-- 7,a7 in accordance with the terms of the preemptive purchase option1 lease1 covenant on the land1 or other similar legal instrument of the community land trust when the terms and rights in the preemptive purchase option1 lease1 covenant1 or legal instrument are and remain subject to the requirements of this title2 7,b7 when the purchase is for-- 7i7 the purpose of-- 7,i7 entering into the chain of title2 7,,ii7 enabling a purchase by a person who meets the qualifications specified under paragraph 7#a77;,b7 and is on a waitlist maintained by the community land trust or housing cooperative1 subject to enforcement by the participating jurisdiction of all applicable requirements of this title1 as determined by the ,secretary2 7,,iii7 performing necessary rehabilitation and improvements2 or 7,,iv7 adding a subsidy to preserve affordability1 which may be from ,federal or non-,federal sources2 or 7ii7 another purpose determined appropriate by the ,secretary2 and 7,c7 if1 within a reasonable period of time after the applicable purpose under subparagraph 7,b7 of this paragraph is fulfilled1 as determined by the ,secretary1 the housing is then sold to a person who meets the qualifications specified under paragraph 7#a77;,b74 2 and 7#b7 by adding at the end the following3 7c7 ,qualification exceptions for homeownership 7#a7 ,military members ,a participating jurisdiction1 in accordance with terms established by the ,secretary1 may suspend or waive the income qualifications described in subsection 7b77#a77;,b7 with respect to housing that otherwise meets the criteria described in subsection 7b77#a7 if the owner of the housing-- 7,a7 is a member of a regular component of the armed forces or a member of the ,national ,guard on full-time ,national ,guard duty1 active ,guard and ,reserve duty1 or inactive-duty training 7as those terms are defined in section #aja of title #aj1 ,united ,states ,code72 and 7,b7 has received-- 7i7 temporary duty orders to deploy with a military unit or military orders to deploy as an individual acting in support of a military operation1 to a location that is not within a reasonable distance from the housing1 as determined by the ,secretary1 for a period of not less than #ij days2 or 7ii7 orders for a permanent change of station4 7#b7 ,heirs and beneficiaries of deceased owners ,housing that meets the criteria described in subsection 7b77#a77;,c7 prior to the death of an owner of such housing shall continue to qualify as affordable housing under this title if-- 7,a7 the housing is the principal residence of an heir or beneficiary of the deceased owner1 as defined by the ,secretary2 and 7,b7 the heir or beneficiary1 in accordance with terms established by the ,secretary1 assumes the duties and obligations of the deceased owner with respect to funds provided under this title4 4 7i7 ,elimination of expiration of right to draw home investment trust funds ,section #bah of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgdh7 is amended-- 7#a7 by striking subsection 7g72 and 7#b7 by redesignating subsection 7h7 as subsection 7g74 7j7 ,adjusted recapture and reuse of set-aside for community housing developmental organizations ,section #bca7;b7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgga7;b77 is amended to read as follows3 7b7 ,recapture and reuse ,if any funds reserved under subsection 7a7 remain uninvested for a period of #bd months1 the ,secretary shall make such funds available to the participating jurisdiction for any eligible activities under this title without regard to whether a community housing development organization materially participates in the use of such funds4 4 7k7 ,asset recycling information dissemination expansion ,section #bde7;b77#b7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abghe7;b77#b77 is amended by striking #ie percent and inserting #aaj percent4 7l7 ,application of other specified statutory requirements ,title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgba et seq47 is amended by adding at the end the following3 #bia4 ,nonapplicability of certain requirements for small projects ,notwithstanding any other provision of law1 the requirements of section #c of the ,housing and ,urban ,development ,act of #aifh 7#ab ,u4,s4,c4 #agjau71 and any implementing regulations or guidance1 shall not apply to an activity assisted under this title that involves rehabilitation1 construction1 or other development of housing if-- 7#a7 the recipient of assistance under this title is-- 7,a7 a ,state recipient pursuant to section #baf2 or 7,b7 a participating jurisdiction that received a total allocation of less than #c1jjj1jjj in the most recent fiscal year pursuant to section #baf2 and 7#b7 the total number of dwelling units assisted as a part of such activity is not more than #ej4 4 7m7 ,reallocation not available for certain jurisdictions ,section #bag7;d7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgdg7;d77 is amended-- 7#a7 in paragraph 7#a71 by striking the second sentence and inserting the following3 ,subject to paragraph 7#d71 jurisdictions eligible for such reallocations shall include participating jurisdictions and jurisdictions meeting the requirements of this title1 including the requirements in paragraphs 7#c71 7#d71 and 7#e7 of section #baf42 and 7#b7 by adding at the end the following3 7#d7 ,reallocation not available for certain jurisdictions ,the ,secretary may decline to make a reallocation available to a jurisdiction eligible for such reallocation if such jurisdiction has failed to meet or comply with any requirement under this title4 4 7n7 ,amendments to qualification as affordable housing ,section #bae7;a77#a77;,e7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgde7;a77 is amended by striking except upon a foreclosure by a lender 7or upon other transfer in lieu of foreclosure7 if such action 7i7 recognizes any contractual or legal rights of public agencies1 nonprofit sponsors1 or others to take actions that would avoid termination of low-income affordability in the case of foreclosure or transfer in lieu of foreclosure1 and 7ii7 is not for the purpose of avoiding low income affordability restrictions1 as determined by the ,secretary2 and and inserting the following3 except-- 7i7 upon a foreclosure by a lender 7or upon other transfer in lieu of foreclosure7 if such action-- 7,i7 recognizes any contractual or legal rights of public agencies1 nonprofit sponsors1 or others to take actions that would avoid termination of low-income affordability in the case of foreclosure or transfer in lieu of foreclosure2 and 7,,ii7 is not for the purpose of avoiding low-income affordability restrictions1 as determined by the ,secretary2 or 7ii7 where existing affordable housing is no longer financially viable due to unforeseen acts or occurrences beyond the reasonable contemplation or control of the participating jurisdiction in which the affordable housing is located or the owner of the affordable housing that significantly impact the financial or physical condition of the affordable housing1 as determined by the ,secretary2 and 4 7o7 ,tenant and participant protections for affordable housing ,section #bbe of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgee7 is amended by adding at the end the following3 7e7 ,exception ,paragraphs 7#b71 7#c71 and 7#d7 of subsection 7d7 shall not apply to housing under this section that meets the following criteria3 7#a7 ,the housing is affordable housing with not more than #d dwelling units1 each of which is made available for rental4 7#b7 ,each dwelling unit in the housing bears rent in an amount that complies with the requirements described in paragraph 7#a77;,a74 7#c7 ,each dwelling unit in the housing is accompanied by a low-income family4 7#d7 ,no dwelling in the housing is refused for leasing to a holder of a voucher under section #h of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f7 because of the status of the prospective tenant as a holder of that voucher4 7#e7 ,the housing complies with the requirement described in paragraph 7#a77;,e74 7#f7 ,the participating jurisdiction in which the housing is located monitors the compliance of the housing with the requirements of this title in a manner consistent with the purposes of section #bbf7;b71 as determined by the ,secretary4 4 7p7 ,revision of definition of community land trust ,section #ajd of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgjd7 is amended by adding at the end the following3 7#bf7 ,the term community land trust means a nonprofit entity1 a ,state1 a unit of local government1 or an instrumentality of a ,state or unit of local government that-- 7,a7 is not managed by1 or an affiliate of1 a for-profit organization2 7,b7 has as a primary purpose of acquiring1 developing1 or holding land to provide housing that is permanently affordable to low- and moderate-income persons2 7,c7 monitors properties to ensure affordability is preserved2 7,d7 provides housing that is permanently affordable to low- and moderate-income persons using a ground lease1 deed covenant1 or other similar legally enforceable measure1 determined acceptable by the ,secretary1 that-- 7i7 keeps housing affordable to low- and moderate-income persons for not less than #cj years2 and 7ii7 enables low- and moderate-income persons to rent or purchase the housing for homeownership2 and 7,e7 maintains preemptive purchase options to purchase the property if such purchase would allow the housing to remain affordable to low-and moderate-income persons4 4 7q7 ,set-aside for community housing development organizations ,section #bca7;a7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgga7;a77 is amended1 in the first sentence1 by striking to be developed1 sponsored1 or owned by community housing development organizations and inserting when a community housing development organization materially participates in the ownership or development of that housing1 as determined by the ,secretary4 7r7 ,administrative reforms 7#a7 ,increase in program administration resources ,section #bbj7;b7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgej7;b77 is amended-- 7,a7 by striking ,recognition4-- and all that follows through ,a contribution and inserting ,recognition4--,a contribution2 and 7,b7 by striking paragraph 7#b74 7#b7 ,modification of jurisdictions eligible for reallocations ,section #bag7;d77#c7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgdg7;d77#c77 is amended-- 7,a7 in the paragraph heading1 by striking ,limitation and inserting ,limitations2 and 7,b7 by striking ,unless otherwise specified and inserting the following3 7,a7 ,removal of participating jurisdictions from reallocation ,the ,secretary may1 upon a finding that the participating jurisdiction has failed to meet or comply with the requirements of this title1 remove a participating jurisdiction from participation in reallocations of funds made available under this title4 7,b7 ,reallocation to same type of entity ,unless otherwise specified 4 7#c7 ,home property inspections ,section #bbf7;b7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgef7;b77 is amended-- 7,a7 by striking ,each participating jurisdiction and inserting the following3 7#a7 ,in general ,each participating jurisdiction 2 and 7,b7 by striking ,such review shall include and all that follows and inserting the following3 7#b7 ,on-site inspections 7,a7 ,inspections by units of general local government ,a review conducted under paragraph 7#a7 by a participating jurisdiction that is a unit of general local government shall include an on-site inspection to determine compliance with housing codes and other applicable regulations4 7,b7 ,inspections by states ,a review conducted under paragraph 7#a7 by a participating jurisdiction that is a ,state shall include an on-site inspection to determine compliance with a national standard as determined by the ,secretary4 7#c7 ,inclusion in performance report and publication ,a participating jurisdiction shall include in the performance report of the participating jurisdiction submitted to the ,secretary under section #ajh7;a71 and make available to the public1 the results of each review conducted under paragraph 7#a74 4 7#d7 ,revisions to strengthen enforcement and penalties for noncompliance ,section #bbc of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgec7 is amended-- 7,a7 in the section heading1 by striking ,penalties for misuse of funds and inserting ,program enforcement and penalties for noncompliance2 7,b7 in the matter preceding paragraph 7#a71 by inserting after any provision of this subtitle the following3 1 including any provision applicable throughout the period required by section #bae7;a77#a77;,e7 and applicable regulations12 7,c7 in paragraph 7#b71 by striking or at the end2 7,d7 in paragraph 7#c71 by striking the period at the end and inserting 2 or2 and 7,e7 by adding at the end the following3 7#d7 reduce payments to the participating jurisdiction under this subtitle by an amount equal to the amount of such payments that were not expended by the participating jurisdiction in accordance with this title4 4 7s7 ,minimum allocations ,section #bag7;b7 of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgdg 7b77 is amended-- 7#a7 in paragraph 7#b71 by striking #ejj1jjj each place that term appears and inserting #gej1jjj2 7#b7 in paragraph 7#c7-- 7,a7 by striking jurisdictions that are allocated an amount of #ejj1jjj or more and inserting jurisdictions that are allocated an amount of #gej1jjj or more2 7,b7 by striking that are allocated an amount less than #ejj1jjj and inserting that are allocated an amount less than #ejj1jjj before the date of enactment of the #bast ,century ,,road to ,housing ,act or less than #gej1jjj on or after the date of enactment of the #bast ,century ,,road to ,housing ,act2 and 7,c7 by striking 1 except as provided in paragraph 7#d72 and 7#c7 by striking paragraph 7#d74 7t7 ,technical and conforming amendments ,the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgja et seq47 is amended-- 7#a7 by striking ,stewart ,b4 ,mc,kinney ,homeless ,assistance ,act each place that term appears and inserting ,mc,kinney-,vento ,homeless ,assistance ,act2 7#b7 by striking ,committee on ,banking1 ,finance and ,urban ,affairs each place that term appears and inserting ,committee on ,financial ,services2 7#c7 in the table of contents in section #a7;b7 7,public ,law #aja-fbe2 #ajd ,stat4 #djgi7-- 7,a7 by striking the item relating to section #bje and inserting the following3 ,sec4 #bje4 ,authorization of program4 2 7,b7 by striking the item relating to section #bbc and inserting the following3 ,sec4 #bbc4 ,program enforcement and penalties for noncompliance4 2 and 7,c7 by inserting after the item relating to section #bij the following3 ,sec4 #bia4 ,nonapplicability of certain requirements for small projects4 2 7#d7 in section #ajd 7#db ,u4,s4,c4 #abgjd7-- 7,a7 by redesignating paragraph 7#bc7 7relating to the definition of the term to demonstrate to the ,secretary7 as paragraph 7#bb72 and 7,b7 by redesignating paragraph 7#bd7 7relating to the definition of the term insular area1 as added by section #b7b7 of ,public ,law #ajb-bcj7 as paragraph 7#bc72 7#e7 in section #aje7;b77#h7 7#db ,u4,s4,c4 #abgje7;b77#h771 by striking subparagraphs and inserting paragraphs2 7#f7 in section #ajh7;a77#a7 7#db ,u4,s4,c4 #abgjh7;a77#a771 by striking section #aje7;b77#ae7 and inserting section #aje7;b77#ah72 7#g7 in section #bab 7#db ,u4,s4,c4 #abgdb7-- 7,a7 in subsection 7a77#c77;,a77ii71 by inserting ,united ,states before ,housing ,act2 7,b7 in subsection 7d77#e71 by inserting ,united ,states before ,housing ,act2 and 7,c7 in subsection 7e77#a7-- 7i7 by striking section #bba7;d77#c77;ii7 and inserting section #bba7;d77#d72 and 7ii7 by striking not to exceed #adj percent and inserting as determined by the ,secretary2 7#h7 in section #bae7;a77#f77;,b7 7#db ,u4,s4,c4 #abgde7;a77#f77;,b771 by striking grand children and inserting grandchildren2 7#i7 in section #bag 7#db ,u4,s4,c4 #abgdg7-- 7,a7 in subsection 7a7-- 7i7 in paragraph 7#a71 by striking 7#c7 and inserting 7#b72 7ii7 by striking paragraph 7#c71 as added by section #baa7;a77#b77;,d7 of the ,housing and ,community ,development ,act of #aiib 7,public ,law #ajb-eej2 #ajf ,stat4 #cgef72 and 7iii7 by redesignating the remaining paragraph 7#c71 as added by the matter under the heading ,home investment partnerships program under the heading ,housing programs in title ,,ii of the ,departments of ,veterans ,affairs and ,housing and ,urban ,development1 and ,independent ,agencies ,appropriations ,act1 #aiic 7,public ,law #ajb-chi2 #ajf ,stat4 #aeha71 as paragraph 7#b72 and 7,b7 in subsection 7b77#a7-- 7i7 in subparagraph 7,a71 in the first sentence-- 7,i7 by striking in regulation and inserting 1 by regulation12 and 7,,ii7 by striking eligible jurisdiction and inserting eligible jurisdictions2 and 7ii7 in subparagraph 7,f71 in the first sentence-- 7,i7 in clause 7i71 by striking ,subcommittee on ,housing and ,urban ,affairs and inserting ,subcommittee on ,housing1 ,transportation1 and ,community ,development2 and 7,,ii7 in clause 7ii71 by striking ,subcommittee on ,housing and ,community ,development of the ,committee on ,banking1 ,finance and ,urban ,affairs and inserting ,subcommittee on ,housing and ,insurance of the ,committee on ,financial ,services2 7#aj7 in section #bbj7;c7 7#db ,u4,s4,c4 #abgej7;c77-- 7,a7 in paragraph 7#c71 by striking ,secretary and all that follows and inserting ,secretary22 7,b7 in paragraph 7#d71 by striking under this title and all that follows and inserting under this title22 and 7,c7 by redesignating paragraphs 7#f71 7#g71 and 7#h7 as paragraphs 7#e71 7#f71 and 7#g71 respectively2 7#aa7 in section #bbe7;d77#d77;,b7 7#db ,u4,s4,c4 #abgee7;d77#d77;,b771 by striking for the first place that term appears2 and 7#ab7 in section #bcc 7#db ,u4,s4,c4 #abggc7-- 7,a7 in subsection 7b77#f71 by striking to community land trusts 7as such term is defined in subsection 7f77 and inserting to community land trusts 7as such term is defined in section #ajd72 and 7,b7 by striking subsection 7f74 #ejc4 ,rural ,housing ,service ,reform ,act 7a7 ,application of multifamily mortgage foreclosure procedures to multifamily mortgages held by the ,secretary of ,agriculture and preservation of the rental assistance contract upon foreclosure 7#a7 ,multifamily mortgage procedures ,section #cfc7b7 of the ,multifamily ,mortgage ,foreclosure ,act of #aiha 7#ab ,u4,s4,c4 #cgjb7b77 is amended-- 7,a7 in subparagraph 7,d71 by striking and at the end2 7,b7 in subparagraph 7,e71 by striking the period at the end and inserting 2 or2 and 7,c7 by adding at the end the following3 7,f7 section #ead1 #eae1 or #ech of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adhd1 #adhe1 #adijp-#b74 4 7#b7 ,preservation of contract ,section #eba7;d7 of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adij;a7d77 is amended by adding at the end the following3 7#c7 ,notwithstanding any other provision of law1 in managing and disposing of any multifamily property that is owned or has a mortgage held by the ,secretary1 and during the process of foreclosure on any property with a contract for rental assistance under this section-- 7,a7 the ,secretary shall maintain any rental assistance payments that are attached to any dwelling units in the property2 and 7,b7 the rental assistance contract may be used to provide further assistance to existing projects under #ead1 #eae1 or #eaf4 4 7b7 ,study on rural housing loans for housing for low- and moderate-income families ,not later than #f months after the date of enactment of this ,act1 the ,secretary of ,agriculture shall conduct a study and submit to ,congress a publicly available report on the loan program under section #eba of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adij;a71 including-- 7#a7 the total amount provided by the ,secretary in subsidies under such section #eba to borrowers with loans made pursuant to section #ejb of such ,act 7#db ,u4,s4,c4 #adgb72 7#b7 how much of the subsidies described in paragraph 7#a7 are being recaptured2 and 7#c7 the amount of time and costs associated with recapturing those subsidies4 7c7 ,staffing and information technology upgrades ,utilizing funds appropriated for such purposes1 the ,secretary of ,agriculture may increase staffing capacity and upgrade information technology to support all ,rural ,housing ,service programs4 7d7 ,technical improvements 7#a7 ,authorization of appropriations ,utilizing funds appropriated for such purposes1 the ,secretary of ,agriculture may make improvements to the technology of the ,rural ,housing ,service of the ,department of ,agriculture used to process and manage housing loans4 7#b7 ,availability ,amounts appropriated pursuant to paragraph 7#a7 shall remain available until the date that is #e years after the date of the appropriation4 7#c7 ,timeline ,the ,secretary of ,agriculture shall make the improvements described in paragraph 7#a7 during the #e-year period beginning on the date on which amounts are appropriated under paragraph 7#a74 7e7 ,permanent establishment of housing preservation and revitalization program ,title ,v of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adga et seq47 is amended by adding at the end the following3 #ede4 ,housing preservation and revitalization program 7a7 ,establishment ,the ,secretary shall carry out a program under this section for the preservation and revitalization of multifamily rental housing projects financed under section #ead1 #eae1 or #eaf4 7b7 ,notice of maturing loans 7#a7 ,to owners ,on an annual basis1 the ,secretary shall provide written notice to each owner of a property financed under section #ead1 #eae1 or #eaf that will mature within the #d-year period beginning upon the provision of the notice1 setting forth the options and financial incentives that are available to facilitate the extension of the loan term or the option to decouple a rental assistance contract pursuant to subsection 7f74 7#b7 ,to tenants 7,a7 ,in general ,on an annual basis1 for each property financed under section #ead1 #eae1 or #eaf1 not later than the date that is #b years before the date that the loan will mature1 the ,secretary shall provide written notice to each household residing in the property that informs them of-- 7i7 the date of the loan maturity2 7ii7 the possible actions that may happen with respect to the property upon that maturity2 and 7iii7 how to protect their right to reside in federally assisted housing1 or how to secure housing voucher1 after that maturity4 7,b7 ,language ,notice under this paragraph shall be provided in plain ,english and shall be translated to other languages in the case of any property located in an area in which a significant number of residents speak such other languages4 7c7 ,loan restructuring ,under the program under this section1 in any circumstance in which the ,secretary proposes a restructuring to an owner or an owner proposes a restructuring to the ,secretary1 the ,secretary may restructure such existing housing loans1 as the ,secretary considers appropriate1 for the purpose of ensuring that those projects have sufficient resources to preserve the projects to provide safe and affordable housing for low-income residents and farm laborers1 by-- 7#a7 reducing or eliminating interest2 7#b7 deferring loan payments2 7#c7 subordinating1 reducing1 or reamortizing loan debt2 7#d7 providing other financial assistance1 including advances1 payments1 and incentives 7including the ability of owners to obtain reasonable returns on investment7 required by the ,secretary2 and 7#e7 permanently removing a portion of the housing units from income restrictions when sustained vacancies have occurred4 7d7 ,renewal of rental assistance 7#a7 ,in general ,when the ,secretary proposes to restructure a loan or agrees to the proposal of an owner to restructure a loan pursuant to subsection 7c71 the ,secretary shall offer to renew the rental assistance contract under section #eba7;a77#b7 for a term that is the shorter of #bj years and the term of the restructured loan1 subject to annual appropriations1 provided that the owner agrees to bring the property up to such standards that will ensure maintenance of the property as decent1 safe1 and sanitary housing for the full term of the rental assistance contract4 7#b7 ,additional rental assistance ,with respect to a project described in paragraph 7#a71 if rental assistance is not available for all households in the project for which the loan is being restructured pursuant to subsection 7c71 the ,secretary may extend such additional rental assistance to unassisted households at that project as is necessary to make the project safe and affordable to low-income households4 7e7 ,restrictive use agreements 7#a7 ,requirement ,as part of the preservation and revitalization agreement for a project1 the ,secretary shall obtain a restrictive use agreement that is recorded and obligates the owner to operate the project in accordance with this title4 7#b7 ,term 7,a7 ,no extension of rental assistance contract ,except when the ,secretary enters into a #bj-year extension of the rental assistance contract for a project1 the term of the restrictive use agreement for the project shall be consistent with the term of the restructured loan for the project4 7,b7 ,extension of rental assistance contract ,if the ,secretary enters into a #bj-year extension of the rental assistance contract for a project1 the term of the restrictive use agreement for the project shall be for the longer of-- 7i7 #bj years2 or 7ii7 the remaining term of the loan for that project4 7,c7 ,termination ,the ,secretary may terminate the #bj-year use restrictive use agreement for a project before the end of the term of the agreement if the #bj-year rental assistance contract for the project with the owner is terminated at any time for reasons outside the control of the owner4 7f7 ,decoupling of rental assistance 7#a7 ,renewal of rental assistance contract ,if the ,secretary determines that a loan maturing during the #d-year period beginning upon the provision of the notice required under subsection 7b77#a7 for a project cannot reasonably be restructured in accordance with subsection 7c7 because it is not financially feasible or the owner does not agree with the proposed restructuring1 and the project was operating with rental assistance under section #eba and the recipient is a borrower under section #ead or #eae1 the ,secretary may renew the rental assistance contract1 notwithstanding any requirement under section #eba that the recipient be a current borrower under section #ead or #eae1 for a term of #bj years1 subject to annual appropriations4 7#b7 ,additional rental assistance ,with respect to a project described in paragraph 7#a71 if rental assistance is not available for all households in the project for which the loan is being restructured pursuant to subsection 7c71 the ,secretary may extend such additional rental assistance to unassisted households at that project as is necessary to make the project safe and affordable to low-income households4 7#c7 ,rents 7,a7 ,in general ,any agreement to extend the term of the rental assistance contract under section #eba for a project shall obligate the owner to continue to maintain the project as decent1 safe1 and sanitary housing and to operate the development as affordable housing in a manner that meets the goals of this title4 7,b7 ,rent amounts ,subject to subparagraph 7,c71 in setting rents1 the ,secretary-- 7i7 shall determine the maximum initial rent based on current fair market rents established under section #h of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f72 and 7ii7 may annually adjust the rent determined under clause 7i7 by the operating cost adjustment factor as provided under section #ebd of the ,multifamily ,assisted ,housing ,reform and ,affordability ,act of #aiig 7#db ,u4,s4,c4 #adcg;f note74 7,c7 ,higher rent 7i7 ,in general ,subparagraph 7,b7 shall not apply if the ,secretary determines that the budget-based needs of a project require a higher rent than the rent described in subparagraph 7,b74 7ii7 ,rent ,if the ,secretary makes a positive determination under clause 7i71 the ,secretary may approve a budget-based rent level for the project4 7#d7 ,conditions for approval ,before the approval of a rental assistance contract authorized under this section1 the ,secretary shall require1 through an annual notice in the ,federal ,register1 the owner to submit to the ,secretary a plan that identifies financing sources and a timetable for renovations and improvements determined to be necessary by the ,secretary to maintain and preserve the project4 7g7 ,multifamily housing transfer technical assistance ,under the program under this section1 the ,secretary may provide grants to qualified nonprofit organizations and public housing agencies to provide technical assistance1 including financial and legal services1 to borrowers under loans under this title for multifamily housing to facilitate the acquisition or preservation of such multifamily housing properties in areas where the ,secretary determines there is a risk of loss of affordable housing4 7h7 ,administrative expenses ,of any amounts made available for the program under this section for any fiscal year1 the ,secretary may use not more than #a1jjj1jjj for administrative expenses for carrying out such program4 7i7 ,rulemaking 7#a7 ,in general ,not later than #ahj days after the date of enactment of the #bast ,century ,,road to ,housing ,act1 the ,secretary shall-- 7,a7 publish an advance notice of proposed rulemaking2 and 7,b7 consult with appropriate stakeholders4 7#b7 ,interim final rule ,not later than #a year after the date of enactment of the #bast ,century ,,road to ,housing ,act1 the ,secretary shall publish an interim final rule to carry out this section4 4 7f7 ,rental assistance contract authority ,section #eba7;d7 of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adij;a7d771 as amended by this section1 is amended-- 7#a7 in paragraph 7#a7-- 7,a7 by redesignating subparagraphs 7,b7 and 7,c7 as subparagraphs 7,c7 and 7,d71 respectively2 7,b7 by inserting after subparagraph 7,a7 the following3 7,b7 upon request of an owner of a project financed under section #ead or #eae1 the ,secretary is authorized to enter into renewal of such agreements for a period of #bj years or the term of the loan1 whichever is shorter1 subject to amounts made available in appropriations ,acts2 2 7,c7 in subparagraph 7,c71 as so redesignated1 by striking subparagraph 7,a7 and inserting subparagraphs 7,a7 and 7,b72 and 7,d7 in subparagraph 7,d71 as so redesignated1 by striking subparagraphs 7,a7 and 7,b7 and inserting subparagraphs 7,a71 7,b71 and 7,c72 7#b7 in paragraph 7#b71 by striking shall and inserting may2 and 7#c7 by adding at the end the following3 7#d7 ,in the case of any rental assistance contract authority that becomes available because of the termination of assistance on behalf of an assisted family-- 7,a7 at the option of the owner of the rental project1 the ,secretary shall provide the owner a period of not more than #f months before unused assistance is made available pursuant to subparagraph 7,b7 during which the owner may use such authority to provide assistance on behalf of an eligible unassisted family that-- 7i7 is residing in the same rental project in which the assisted family resided before the termination2 or 7ii7 newly occupies a dwelling unit in the rental project during that #f-month period2 and 7,b7 except for assistance used as provided in subparagraph 7,a71 the ,secretary shall use such remaining authority to provide assistance on behalf of eligible families residing in other rental projects originally financed under section #ead1 #eae1 or #eaf4 4 7g7 ,modifications to loans and grants for minor improvements to farm housing and buildings2 income eligibility ,section #ejd7;a7 of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adgd7;a77 is amended-- 7#a7 in the first sentence1 by inserting and may make a loan to an eligible low-income applicant after applicant2 7#b7 by inserting ,not less than #fj percent of loan funds made available under this section shall be reserved and made available for very low-income applicants4 after the first sentence2 and 7#c7 by striking #g1ejj and inserting #ae1jjj4 7h7 ,rural community development initiative ,subtitle ,e of the ,consolidated ,farm and ,rural ,development ,act 7#g ,u4,s4,c4 #bjji et seq47 is amended by adding at the end the following3 #cha,o4 ,rural community development initiative 7a7 ,definitions ,in this section3 7#a7 ,eligible entity ,the term eligible entity means-- 7,a7 a private1 nonprofit community-based housing or community development organization2 7,b7 a rural community2 or 7,c7 a federally recognized ,indian tribe4 7#b7 ,eligible intermediary ,the term eligible intermediary means a qualified-- 7,a7 private1 nonprofit organization2 or 7,b7 public organization4 7b7 ,establishment ,the ,secretary shall establish a ,rural ,community ,development ,initiative1 under which the ,secretary shall provide grants1 subject to the availability of appropriations1 to eligible intermediaries to carry out programs to provide financial and technical assistance to eligible entities to develop the capacity and ability of eligible entities to carry out projects to improve housing1 community facilities1 and community and economic development projects in rural areas4 7c7 ,amount of grants ,the amount of a grant provided to an eligible intermediary under this section shall be not more than #ejj1jjj4 7d7 ,matching funds 7#a7 ,in general ,an eligible intermediary receiving a grant under this section shall provide matching funds from other sources1 including ,federal funds for related activities1 in an amount not less than the amount of the grant4 7#b7 ,waiver ,the ,secretary may waive paragraph 7#a7 with respect to a project that would be carried out in a persistently poor rural region1 as determined by the ,secretary4 4 7i7 ,annual report on rural housing programs ,title ,v of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adga et seq471 as amended by this section1 is amended by adding at the end the following3 #edf4 ,annual report 7a7 ,in general ,the ,secretary shall submit to the appropriate committees of ,congress and publish on the website of the ,department of ,agriculture an annual report on rural housing programs carried out under this title1 which shall include significant details on the health of ,rural ,housing ,service programs1 including-- 7#a7 raw data sortable by programs and by region regarding loan performance2 7#b7 the housing stock of those programs1 including information on why properties end participation in those programs1 such as for maturation1 prepayment1 foreclosure1 or other servicing issues2 and 7#c7 risk ratings for properties assisted under those programs4 7b7 ,protection of information ,the data included in each report required under subsection 7a7 may be aggregated or anonymized to protect participant financial or personal information4 4 7j7 ,,gao report on ,rural ,housing ,service technology ,not later than #a year after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall submit to ,congress a report that includes-- 7#a7 an analysis of how the outdated technology used by the ,rural ,housing ,service impacts participants in the programs of the ,rural ,housing ,service2 7#b7 an estimate of the amount of funding that is needed to modernize the technology used by the ,rural ,housing ,service2 and 7#c7 an estimate of the number and type of new employees the ,rural ,housing ,service needs to modernize the technology used by the ,rural ,housing ,service4 7k7 ,adjustment to rural development voucher amount 7#a7 ,in general ,not later than #b years after the date of enactment of this ,act1 the ,secretary of ,agriculture shall issue regulations to establish a process for adjusting the voucher amount provided under section #edb of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adijr7 after the issuance of the voucher following an interim or annual review of the amount of the voucher4 7#b7 ,interim review ,the interim review described in paragraph 7#a7 shall1 at the request of a tenant1 allow for a recalculation of the voucher amount when the tenant experiences a reduction in income1 change in family composition1 or change in rental rate4 7#c7 ,annual review 7,a7 ,in general ,the annual review described in paragraph 7#a7 shall require tenants to annually recertify the family composition of the household and that the family income of the household does not exceed #hj percent of the area median income at a time determined by the ,secretary of ,agriculture4 7,b7 ,considerations ,if a tenant does not recertify the family composition and family income of the household within the time frame required under subparagraph 7,a71 the ,secretary of ,agriculture-- 7i7 shall consider whether extenuating circumstances caused the delay in recertification2 and 7ii7 may alter associated consequences for the failure to recertify based on those circumstances4 7,c7 ,effective date ,following the annual review of a voucher under paragraph 7#a71 the updated voucher amount shall be effective on the #ast day of the month following the expiration of the voucher4 7#d7 ,deadline ,the process established under paragraph 7#a7 shall require the ,secretary of ,agriculture to review and update the voucher amount described in paragraph 7#a7 for a tenant not later than #fj days before the end of the voucher term4 7l7 ,eligibility for rural housing vouchers ,section #edb of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adijr7 is amended by adding at the end the following3 7c7 ,eligibility of households in sections #ead1 #eae1 and #eaf projects ,the ,secretary may provide rural housing vouchers under this section for any low-income household 7including those not receiving rental assistance7 residing for a term longer than the remaining term of their lease that is in effect on the date of prepayment1 foreclosure1 or mortgage maturity1 in a property financed with a loan under section #ead or #eae or a grant under section #eaf that has-- 7#a7 been prepaid with or without restrictions imposed by the ,secretary pursuant to section #ejb7;c77#e77;,g77ii77,i72 7#b7 been foreclosed2 or 7#c7 matured after ,september #cj1 #bjje4 4 7m7 ,amount of voucher assistance ,notwithstanding any other provision of law1 in the case of any rural housing voucher provided pursuant to section #edb of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adijr71 the amount of the monthly assistance payment for the household on whose behalf the assistance is provided shall be determined as provided in subsection 7a7 of such section #edb1 including providing for interim and annual review of the voucher amount in the event of a change in household composition or income or rental rate4 7n7 ,transfer of multifamily rural housing projects ,section #eae of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adhe7 is amended-- 7#a7 in subsection 7h71 by adding at the end the following3 7#c7 ,transfer to nonprofit organizations ,a nonprofit or public body purchaser1 including a limited partnership with a general partner with the principal purpose of providing affordable housing1 may purchase a property for which a loan is made or insured under this section that has received a market value appraisal1 without addressing rehabilitation needs at the time of purchase1 if the purchaser-- 7,a7 makes a commitment to address rehabilitation needs during ownership and long-term use restrictions on the property2 and 7,b7 at the time of purchase1 accepts long-term use restrictions on the property4 2 and 7#b7 in subsection 7w77#a71 in the first sentence in the matter preceding subparagraph 7,a71 by striking #i percent and inserting #be percent4 7o7 ,extension of loan term 7#a7 ,in general ,section #ejb7;a77#b7 of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adgb7;a77#b77 is amended-- 7,a7 by inserting 7,a7 before ,the ,secretary2 7,b7 in subparagraph 7,a71 as so designated1 by striking paragraph and inserting subparagraph2 and 7,c7 by adding at the end the following3 7,b7 ,the ,secretary may refinance or modify the period of any loan1 including any refinanced loan1 made under this section in accordance with terms and conditions as the ,secretary shall prescribe1 but in no event shall the total term of the loan from the date of the refinance or modification exceed #dj years4 4 7#b7 ,application ,the amendment made under paragraph 7#a7 shall apply with respect to loans made under section #ejb of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adgb7 before1 on1 or after the date of enactment of this ,act4 7p7 ,release of liability for section #ejb guaranteed borrower upon assumption of original loan by new borrower ,section #ejb7;h7 of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adgb7;h77 is amended-- 7#a7 by striking paragraph 7#aj7 and inserting the following3 7#aj7 ,transfer and assumption ,upon the transfer of property for which a guaranteed loan under this subsection was made and the assumption of the guaranteed loan by an approved eligible borrower1 the original borrower of a guaranteed loan under this subsection shall be relieved of liability with respect to the loan4 2 7#b7 by redesignating paragraph 7#af7 as paragraph 7#ag72 and 7#c7 by inserting after paragraph 7#ae7 the following3 7#af7 ,fee 7,a7 ,in general ,the mortgagee may charge an assuming borrower a reasonable and customary processing fee for an assumption request made under this subsection4 7,b7 ,maximum fee ,the ,secretary shall set a maximum allowable fee described in subparagraph 7,a71 which may be indexed for inflation4 4 7q7 ,department of ,agriculture loan restrictions 7#a7 ,definitions ,in this subsection1 the terms ,state and tribal organization have the meanings given those terms in section #feh,p of the ,child ,care and ,development ,block ,grant ,act of #aiij 7#db ,u4,s4,c4 #ihehn74 7#b7 ,revision ,the ,secretary of ,agriculture shall revise section #ceee4ajb7;c7 of title #g1 ,code of ,federal ,regulations1 to exclude from the restriction under that section-- 7,a7 a home-based business that is a licensed1 registered1 or regulated child care provider under ,state law or by a tribal organization2 and 7,b7 an applicant that has applied to become a licensed1 registered or regulated child care provider under ,state law or by a tribal organization4 7r7 ,loan guarantees ,section #ejb7;h77#d7 of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adgb7;h77#d77 is amended-- 7#a7 by redesignating subparagraphs 7,a71 7,b71 and 7,c7 as clauses 7i71 7ii71 and 7iii71 respectively1 and adjusting the margins accordingly2 7#b7 by striking ,loans may be guaranteed and inserting the following3 7,a7 ,definition ,in this paragraph1 the term accessory dwelling unit means a single1 habitable living unit-- 7i7 with means of separate ingress and egress2 7ii7 that is usually subordinate in size2 7iii7 that can be added to1 created within1 or detached from a primary #a-unit1 single-family dwelling2 and 7iv7 in combination with a primary #a-unit1 single family dwelling1 constitutes a single interest in real estate4 7,b7 ,single family requirement ,loans may be guaranteed 2 and 7#c7 by adding at the end the following3 7,c7 ,rule of construction ,nothing in this paragraph shall be construed to prohibit the leasing of an accessory dwelling unit or the use of rental income derived from such a lease to qualify for a loan guaranteed under this subsection-- 7i7 after the date of enactment of the #bast ,century ,,road to ,housing ,act2 and 7ii7 if the property that is the subject of the loan was constructed before the date of enactment of the #bast ,century ,,road to ,housing ,act4 4 7s7 ,application review 7#a7 ,sense of ,congress ,it is the sense of ,congress1 not later than #ij days after the date on which the ,secretary of ,agriculture receives an application for a loan1 grant1 or combined loan and grant under section #ejb or #ejd of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adgb1 #adgd71 the ,secretary of ,agriculture should-- 7,a7 review the application2 7,b7 complete the underwriting2 7,c7 make a determination of eligibility with respect to the application2 and 7,d7 notify the applicant of determination4 7#b7 ,report 7,a7 ,in general ,not later than #ij days after the date of enactment of this ,act1 and annually thereafter until the date described in subparagraph 7,b71 the ,secretary of ,agriculture shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report-- 7i7 detailing the timeliness of eligibility determinations and final determinations with respect to applications under sections #ejb and #ejd of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adgb1 #adgd71 including justifications for any eligibility determinations taking longer than #ij days2 and 7ii7 that includes recommendations to shorten the timeline for notifications of eligibility determinations described in clause 7i7 to not more than #ij days4 7,b7 ,date described ,the date described in this subparagraph is the date on which1 during the preceding #e-year period1 the ,secretary of ,agriculture provides each eligibility determination described in subparagraph 7,a7 during the #ij-;day period beginning on the date on which each application is received4 #ejd4 ,new ,moving to ,work cohort 7a7 ,definitions ,in this section3 7#a7 ,moving to work demonstration ,the term ,moving to ,work demonstration means the ,moving to ,work demonstration authorized under section #bjd of the ,departments of ,veterans ,affairs and ,housing and ,urban ,development1 and ,independent ,agencies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note74 7#b7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7b7 ,authorization of additional public housing agencies 7#a7 ,in general ,after the completion of the initial report required under subsection 7h77#b71 the ,secretary may add up to an additional #be public housing agencies that are designated as high performing agencies under the ,public ,housing ,assessment ,system or the ,section #h ,management ,assessment ,program to participate in a new cohort as part of the ,moving to ,work demonstration4 7#b7 ,name ,the new cohort authorized under paragraph 7#a7 shall be entitled the ,economic ,opportunity and ,pathways to ,independence ,cohort4 7c7 ,waiver authority 7#a7 ,in general ,subject to this subsection1 the authority of the ,secretary to grant waivers to agencies admitted to the ,moving to ,work demonstration under this section or to designate policy changes as part of a cohort design under this section shall be limited to the ,moving to ,work waivers codified as of ,january #bjbe in ,appendix ,i of the document of the ,department of ,housing and ,urban ,development entitled ,operations ,notice for the ,expansion of the ,moving to ,work ,demonstration ,program 7,,fr-#eiid-,n-#je7 published in the ,federal ,register on ,august #bh1 #bjbj1 as amended by the notice entitled ,operations ,notice for ,expansion of the ,moving to ,work ,demonstration ,program ,technical ,revisions 7,,fr-#eiid-,n-#jf7 published in the ,federal ,register on ,march #bj1 #bjbe4 7#b7 ,modifications ,the ,secretary may not waive the safe harbor requirements that apply to the ,moving to ,work waivers described in paragraph 7#a7 or modify those waivers in any other way for the purposes of the new cohort under this section4 7#c7 ,exceptions 7,a7 ,in general ,under paragraph 7#a71 the ,secretary may not grant waiver #a;c1 #a;d1 #a;e1 #a;f1 #ak1 #al1 #ao1 #ap1 #aq1 #f1 #g1 #i;a1 #i;h1 or #ab in the document described in paragraph 7#a71 including modifications of or safe harbor requirement waivers for such waivers4 7,b7 ,specific wavers ,if the ,secretary grants waiver #aj or #aa in the document described in paragraph 7#a71 resident participation in any program administered pursuant to those waivers shall be optional for purposes of the new cohort under this section4 7#d7 ,policy options ,in carrying out the ,moving to ,work demonstration cohort established under this section1 the ,secretary may consider policy options to provide opt-out savings or escrow accounts and report positive rental payments to consumer reporting agencies 7as defined in section #fjc of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;a77 with resident consent4 7d7 ,funding and use of funds 7#a7 ,in general ,public housing agencies in the cohort authorized under this section may expend not more than #e percent of the amounts those public housing agencies receive in any fiscal year for housing assistance payments under section #h7o7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f7o77 for purposes other than such housing assistance payments4 7#b7 ,other uses ,such other uses of amounts described in paragraph 7#a7 shall comply with all other applicable requirements4 7#c7 ,formula 7,a7 ,renewal ,the amount of funding public housing agencies receive for renewal of housing assistance payments under section #h7o7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f7o77 shall be determined according to the same funding formula applicable to public housing agencies that do not participate in the ,moving to ,work demonstration1 except that the ,secretary shall provide public housing agencies funding to renew any funds expended under this subsection1 with an adjustment for inflation4 7,b7 ,administrative fees ,the amount of funding public housing agencies receive for administrative fees under section #h7q7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;f7q771 public housing operating subsidies under section #i7;e7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;g7e771 and public housing capital funding under section #i7;d7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;g7d77 shall be determined according to the same funding formula applicable to public housing agencies that do not participate in the ,moving to ,work demonstration4 7e7 ,selection requirements ,the ,secretary shall select public housing agencies designated under this section through a competitive process1 as determined by the ,secretary1 with the following parameters3 7#a7 ,no public housing agency shall be granted this designation under this section that administers more than #bg1jjj aggregate housing vouchers and public housing units4 7#b7 ,of the public housing agencies selected under this section1 not more than #ab shall administer #a1jjj or fewer aggregate housing vouchers and public housing units1 not more than #h shall administer between #a1jja and #f1jjj aggregate housing vouchers and public housing units1 and not more than #e shall administer between #f1jja and #bg1jjj aggregate housing vouchers and public housing units4 7#c7 ,selection of public housing agencies under this section shall be based on ensuring the geographic diversity of ,moving to ,work demonstration public housing agencies4 7#d7 ,within the requirements under paragraphs 7#a7 through 7#c71 the ,secretary shall prioritize selecting public housing agencies that serve families with children and youth aging out of foster care at a rate above the national average4 7f7 ,requirements for selected public housing agencies ,consistent with section #bjd7;c77#c7 of the ,departments of ,veterans ,affairs and ,housing and ,urban ,development1 and ,independent ,agencies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note71 public housing agencies selected for the ,moving to ,work demonstration under this section shall-- 7#a7 ensure that not less than #ge percent of the families assisted are very low-income families1 as defined in section #c7;b77#b77;,b7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;a7b77#b77;,b772 7#b7 establish a reasonable rent policy1 which shall be designed to encourage employment and self-sufficiency by participating families1 consistent with the purpose of the ,moving to ,work demonstration1 such as by excluding some or all of a family's earned income for purposes of determining rent2 7#c7 continue to assist substantially the same total number of eligible low-income families as would have been served had the amounts not been combined2 7#d7 maintain a comparable mix of families 7by family size7 as would have been provided had the amounts not been used under the ,moving to ,work demonstration2 and 7#e7 assure that housing assisted under the ,moving to ,work demonstration meets housing quality standards established or approved by the ,secretary4 7g7 ,noncompliance 7#a7 ,in general ,if the ,secretary finds that a public housing agency participating in the cohort authorized under this section is not in compliance with the requirements under this section1 the ,secretary shall make a determination of noncompliance4 7#b7 ,compliance ,upon making a determination under paragraph 7#a71 the ,secretary shall develop a process to bring the public housing agency into compliance4 7#c7 ,removal ,if a public housing agency cannot be brought into compliance under the process developed under paragraph 7#b71 the ,secretary shall remove the participating public housing agency from the cohort and replace it with a similarly qualified public housing agency currently not in the cohort chosen in the manner described in subsection 7e74 7#d7 ,notification ,upon removing a public housing agency under paragraph 7#c71 the ,secretary shall immediately submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives-- 7,a7 a notification of the removal2 and 7,b7 a report on the active steps the ,secretary is taking to replace the public housing agency with a new public housing agency4 7h7 ,comprehensive ,moving to ,work reporting and oversight requirements 7#a7 ,cohort research 7,a7 ,in general ,the ,secretary shall continue ongoing research investigations commenced as part of the assessment of the cohorts established under section #bci of the ,department of ,housing and ,urban ,development ,appropriations ,act1 #bjaf 7#db ,u4,s4,c4 #adcg;f note2 ,public ,law #aad-aac71 make public all products completed as part of those investigations1 and keep such products online for at least #e years4 7,b7 ,coordination ,the ,secretary shall coordinate with the advisory committee established under section #bci of the ,department of ,housing and ,urban ,development ,appropriations ,act1 #bjaf 7#db ,u4,s4,c4 #adcg;f note2 ,public ,law #aad-aac7 to establish a research program to evaluate the outcomes and efficacy of the following for all ,moving to ,work demonstration agencies designated under the authority under such section and this section3 7i7 ,the waivers granted to each cohort and whether those waivers accomplish the goals of achieving greater cost effectiveness and administrative capacity1 incentivizing families to become economically self-sufficient1 and increasing housing choice4 7ii7 ,the additional flexibilities granted to individual public housing agencies under each cohort4 7iii7 ,how the flexibilities described in clause 7ii7 were used for local1 non-traditional activities4 7#b7 ,comprehensive reporting requirement ,not later than #ahj days after the date of enactment of this ,act1 and annually thereafter1 the ,secretary shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report that contains the following for each ,moving to ,work demonstration cohort under section #bjd of the ,departments of ,veterans ,affairs and ,housing and ,urban ,development1 and ,independent ,agencies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note71 section #bci of the ,department of ,housing and ,urban ,development ,appropriations ,act1 #bjaf 7#db ,u4,s4,c4 #adcg;f note2 ,public ,law #aad-aac71 and this section3 7,a7 ,the annual administrative plans of each ,moving to ,work demonstration public housing agency4 7,b7 ,assessments of longitudinal data1 including data on units1 households1 and outcomes1 which shall be evaluated to compare changes in the following trends before and after ,moving to ,work demonstration designation3 7i7 ,impacts on tenants based on the following1 disaggregated by the public housing program and the housing choice voucher program3 7,i7 ,eviction rates4 7,,ii7 ,hardship policy usage4 7,,iii7 ,share of rent covered by a household4 7,,iv7 ,turnover1 including the number of household moves with or without continued assistance4 7,v7 ,reasons for exit from the program4 7,,vi7 ,the number and characteristics of households served1 including households with a non-elderly family member with a disability1 households with #c or more minors1 homelessness status at the time of admission1 and average and median income as a percent of area median income4 7ii7 ,impacts on public housing agency operations based on the following3 7,i7 ,the number of units1 broken down by type4 7,,ii7 ,the size1 including the number of bedrooms per unit1 accessibility1 affordability1 and quality of units4 7,,iii7 ,the length of each waitlist maintained and average wait times4 7,,iv7 ,changes in capital backlog needs and surplus fund and reserve levels4 7,v7 ,the number of public housing units undergoing a conversion under the rental assistance demonstration program authorized under the ,department of ,housing and ,urban ,development ,appropriations ,act1 #bjab 7,public ,law #aab-ee2 #abe ,stat4 #fgc7 or demolition or disposition projects under section #ah of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcgp71 including the number of units lost and the location of any replacement housing resulting from demolition or disposition4 7,,vi7 ,the share of project-based vouchers compared to tenant-based vouchers4 7,,vii7 ,the following annual housing choice voucher data3 7aa7 ,voucher unit utilization rates4 7bb7 ,voucher budget utilization rates4 7cc7 ,annualized voucher success rate4 7dd7 ,demographic composition of households issued vouchers compared to utilized vouchers4 7ee7 ,average time to lease-up4 7ff7 ,average cost per voucher4 7gg7 ,average cost per landlord incentive4 7hh7 ,ratio of the proportion of voucher households living in concentrated low-income areas to the proportion of renter-occupied units in concentrated low-income areas4 7ii7 ,characteristics of census tracts where voucher recipients reside4 7,,viii7 ,how the public housing agency met each of the statutory requirements in section #bjd7;c77#c7 of the ,departments of ,veterans ,affairs and ,housing and ,urban ,development1 and ,independent ,agencies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note74 7iii7 ,impacts on public housing staffing and capacity1 including the average public housing agency operating1 administrative1 and housing assistance payment expenditures per household per month4 7,c7 ,legislative recommendations for flexibilities that could be expanded to all public housing agencies and how each flexibility enhances housing choice1 affordability1 and administrative capacity and efficiency for public housing agencies4 7#c7 ,public availability 7,a7 ,in general ,the ,secretary shall maintain all reports submitted pursuant to this section in a manner that is publicly available1 accessible1 and searchable on the website of the ,department of ,housing and ,urban ,development for not less than #e years4 7,b7 ,other information 7i7 ,in general ,the ,secretary shall make the annual plan of the ,moving to ,work demonstration1 the ,section #h administrative plan1 and the admission and continued occupancy policy for each year publicly available in #a location on the website of the ,department of ,housing and ,urban ,development for not less than #e years4 7ii7 ,database ,the ,secretary may establish a searchable database on the website of the ,department of ,housing and ,urban ,development to track the types of flexibilities into which ,moving to ,work demonstration public housing agencies have opted or for which a waiver was approved by the ,secretary1 disaggregated by the year such flexibilities were adopted or approved4 #eje4 ,incentivizing local solutions to homelessness ,section #dad of the ,mc,kinney-,vento ,homeless ,assistance ,act 7#db ,u4,s4,c4 #aacgc7 is amended by adding at the end the following3 7f7 ,funding cap waiver authority 7#a7 ,in general ,notwithstanding any other provision of law or regulation1 a recipient may request a waiver to the expenditure limit established pursuant to section #dae7;b7 for amounts provided for each of fiscal years #bjbg through #bjcj4 7#b7 ,waiver request 7,a7 ,in general ,a recipient seeking a waiver described in paragraph 7#a7 shall submit to the ,secretary a waiver request that includes not more than the following3 7i7 ,a demonstration of local needs and circumstances that necessitate a waiver4 7ii7 ,a detailed plan for how the recipient intends to use funds4 7iii7 ,a justification for how the proposed use of funds supports the most recent ,consolidated ,plan submitted by the recipient4 7iv7 ,any public input solicited under subparagraph 7,b77ii74 7,b7 ,notification ,each recipient shall-- 7i7 notify all subrecipients and local ,continuums of ,care that serve the recipient's geographic area of the availability of waivers under this subsection2 and 7ii7 prior to the submission of a waiver request under subparagraph 7,a71 solicit public input regarding the potential need for and proposed uses of such waiver4 7,c7 ,approval2 publication ,the ,secretary shall-- 7i7 make all waiver requests submitted under subparagraph 7,a7 publicly available on the website of the ,department of ,housing and ,urban ,development2 7ii7 not later than #fj days after the date on which the ,secretary receives a waiver request under subparagraph 7,a71 approve or deny the request2 and 7iii7 deny any waiver request submitted under subparagraph 7,a7 by a recipient that relocates or threaten to relocate individuals or their property without providing emergency shelter1 rapid rehousing1 transitional housing1 permanent supportive housing1 or other permanent housing options4 7#c7 ,revocation 7,a7 ,in general ,a waiver approved under this subsection shall remain in effect for the duration of the period of performance of fiscal year #bjbg through #bjcj grants unless the recipient notifies the ,secretary in writing that the recipient wishes to revoke the waiver4 7,b7 ,notification ,if a recipient intends to revoke a waiver under subparagraph 7,a71 the recipient shall-- 7i7 solicit input from subrecipients regarding the revocation before submitting the revocation2 and 7ii7 provide subrecipients with a summary of the input and the justification for the revocation in its submittal prior to notifying the ,secretary in writing4 7,c7 ,publication ,the ,secretary shall publish any revocation of a waiver under subparagraph 7,a7 and the justification of the recipient for the waiver on the website of the ,department of ,housing and ,urban ,development4 4 ,,vi ,veterans and ,housing #fja4 ,,va ,home ,loan ,awareness ,act 7a7 ,in general ,subpart ,a of part #b of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #deda et seq47 is amended by adding at the end the following3 #acbi4 ,uniform residential loan application ,not later than #f months after the date of enactment of this section1 the ,director shall1 by regulation or order1 require each enterprise to include a disclaimer below the military service question on the form known as the ,uniform ,residential ,loan ,application stating1 ,if yes1 you may qualify for a ,,va ,home ,loan4 ,consult your lender regarding eligibility44 4 7b7 ,,gao study ,not later than #ah months after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall conduct a study and submit to ,congress a report on whether not less than #hj percent of lenders using the ,uniform ,residential ,loan ,application have included on that form the disclaimer required under section #acbi of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib1 as added by subsection 7a74 #fjb4 ,veterans ,affairs ,loan ,informed ,disclosure 7,,valid7 ,act 7a7 ,,fha informed consumer choice disclosure 7#a7 ,inclusion of information relating to va loans ,subparagraph 7,a7 of section #bjc7;f77#b7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agji7;f77#b77;,a77 is amended-- 7,a7 by striking ratio in and inserting ratio-- 7i7 in 2 and 7,b7 by adding at the end the following3 7ii7 in connection with a loan guaranteed or insured under chapter #cg of title #ch1 ,united ,states ,code1 assuming prevailing interest rates2 and 4 7#b7 ,rule of construction ,nothing in the amendments made by paragraph 7#a7 shall be construed to require an original lender to determine whether a prospective borrower is eligible for any loan included in the notice required under section #bjc7;f7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agji7;f774 7b7 ,military service question 7#a7 ,in general ,subpart ,a of part #b of subtitle ,a of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #deda et seq471 as amended by section #fja7;a7 of this ,act1 is amended by adding at the end the following3 #accj4 ,uniform residential loan application ,not later than #f months after the date of enactment of this section1 the ,director shall require each enterprise to-- 7#a7 include a military service question on the form known as the ,uniform ,residential ,loan ,application2 and 7#b7 position the question described in paragraph 7#a7 above the signature line of the ,uniform ,residential ,loan ,application4 4 7#b7 ,rulemaking ,not later than #f months after the date of enactment of this ,act1 the ,director of the ,federal ,housing ,finance ,agency shall issue a rule to carry out the amendment made by this section4 #fjc4 ,housing ,unhoused ,disabled ,veterans ,act 7a7 ,exclusion of certain disability benefits ,section #c7;b77#d77;,b7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;a7b77#d77;,b77 is amended-- 7#a7 by redesignating clauses 7iv7 and 7v7 as clauses 7vi7 and 7vii71 respectively2 and 7#b7 by inserting after clause 7iii7 the following3 7iv7 for the purpose of determining income eligibility with respect to the supported housing program under section #h7o77#ai71 any disability benefits received under chapter #aa or chapter #ae of title #ch1 ,united ,states ,code1 received by a veteran1 except that this exclusion shall not apply to the income in the definition of adjusted income2 7v7 for the purpose of determining income eligibility with respect to any household receiving rental assistance under the supported housing program under section #h7o77#ai7 as it relates to eligibility for other types of housing assistance1 any disability benefits received under chapter #aa or chapter #ae of title #ch1 ,united ,states ,code1 received by a veteran1 but such amounts shall not be excluded from income when determining adjusted income2 4 7b7 ,treatment of certain disability benefits 7#a7 ,in general ,when determining the eligibility of a veteran to rent a residential dwelling unit constructed on ,department property on or after the date of the enactment of this ,act1 for which assistance is provided as part of a housing assistance program administered by the ,secretary1 the ,secretary shall exclude from income any disability benefits received under chapter #aa or chapter #ae of title #ch1 ,united ,states ,code by such person4 7#b7 ,definitions ,in this subsection3 7,a7 ,secretary ,the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7,b7 ,department property ,the term ,department property has the meaning given the term in section #ija of title #ch1 ,united ,states ,code4 ,,vii ,oversight and ,accountability #gja4 ,requiring annual testimony and oversight from housing regulators 7a7 ,requirement to testify ,section #g of the ,department of ,housing and ,urban ,development ,act 7#db ,u4,s4,c4 #cece7 is amended by adding at the end the following3 7u7 ,annual testimony ,the ,secretary shall appear before the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives at an annual hearing and present testimony regarding the operations of the ,department during the preceding year1 including-- 7#a7 the current programs and operations of the ,department2 7#b7 the physical condition of all public housing and other housing assisted by the ,department2 7#c7 the financial health of the mortgage insurance funds of the ,federal ,housing ,agency2 7#d7 oversight by the ,department of grantees and subgrantees for purposes of preventing waste1 fraud1 and abuse2 7#e7 the progress made by the ,federal ,government in ending the affordable housing and homelessness crises2 7#f7 the capacity of the ,department to deliver on its statutory mission2 and 7#g7 other ongoing activities of the ,department1 as appropriate4 4 7b7 ,government guaranteed or insured mortgages ,on an annual basis1 the following individuals shall testify before the appropriate committees of ,congress with respect to mortgage loans made1 guaranteed1 or insured by the ,federal ,government3 7#a7 ,the ,president of the ,government ,national ,mortgage ,association4 7#b7 ,the ,federal ,housing ,commissioner4 7#c7 ,the ,administrator of the ,rural ,housing ,service4 7#d7 ,the ,executive ,director of the ,loan ,guaranty ,service of the ,department of ,veterans ,affairs4 7#e7 ,the ,director of the ,federal ,housing ,finance ,agency4 7c7 ,mortgagee review board ,section #bjb7;c77#h7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjh7;c77#h77 is amended-- 7#a7 by striking 1 in consultation with the ,federal ,housing ,administration ,advisory ,board12 and 7#b7 by inserting and to ,congress after the ,secretary4 #gjb4 ,,fha reporting requirements on safety and soundness 7a7 ,monthly reporting on mutual mortgage insurance fund capital ratio ,section #bjb7;a7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjh7;a77 is amended by adding at the end the following3 7#h7 ,other required reporting ,the ,secretary shall-- 7,a7 submit to ,congress monthly reports on the capital ratio required under section #bje7;f77#b72 and 7,b7 notify ,congress as soon as practicable after the ,fund falls below the capital ratio required under section #bje7;f77#b74 4 7b7 ,annual independent actuarial study ,section #bjb7;a77#d7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjh7;a77#d77 is amended-- 7#a7 by striking ,the ,secretary and inserting the following3 7,a7 ,definition ,in this paragraph1 the term first-time homebuyer means a borrower for whom no consumer report 7as defined in section #fjc of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;a77 indicates that the borrower has or had a loan with a consumer purpose that is secured by a #a- to #d-unit residential real property4 7,b7 ,study and report ,the ,secretary 2 and 7#b7 in subparagraph 7,b71 as so designated1 in the fourth sentence1 by striking also and inserting detail how many loans were originated in each census tract to first-time homebuyers1 and4 7c7 ,annual report ,section #bjc7w77#b7 of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agji7w77#b77 is amended by inserting and covered and first-time homebuyers 7as defined in section #bjb7;a77#d77;,a77 after minority borrowers4 #gjc4 ,united ,states ,interagency ,council on ,homelessness oversight ,section #bjc7;a7 of the ,mc,kinney-,vento ,homeless ,assistance ,act 7#db ,u4,s4,c4 #aacac7;a77 is amended-- 7#a7 in paragraph 7#a7-- 7,a7 by striking ,homeless ,emergency ,assistance and ,rapid ,transition to ,housing ,act of #bjji and inserting ,renewing ,opportunity in the ,american ,dream to ,housing ,act2 and 7,b7 by striking update such plan annually and inserting submit to the ,president and ,congress a report every year thereafter that includes-- 7,a7 the status of completion of the plan2 and 7,b7 any modifications that were made to the plan and the reasons for those modifications2 2 7#b7 by redesignating paragraphs 7#aj7 through 7#ac7 as paragraphs 7#aa7 through 7#ad71 respectively2 7#c7 by redesignating the second paragraph 7#i7 7relating to collecting and disseminating information7 as paragraph 7#aj72 7#d7 in paragraph 7#ac71 as so redesignated1 by striking and at the end2 7#e7 in paragraph 7#ad71 as so redesignated1 by striking the period at the end and inserting 82 and 7#f7 by adding at the end the following3 7#ae7 testify annually before ,congress4 4 #gjd4 ,appraisal ,modernization ,act 7a7 ,reconsideration of value 7#a7 ,federally backed mortgage loan defined ,in this subsection1 the term ,federally backed mortgage loan has the meaning given the term in section #djbb of the ,,cares ,act 7#ae ,u4,s4,c4 #ijef74 7#b7 ,requirement ,the ,secretary of ,agriculture1 the ,secretary of ,veterans ,affairs1 the ,commissioner of the ,federal ,housing ,administration1 and the ,director of the ,federal ,housing ,finance ,agency shall each implement and maintain requirements that creditors of a federally backed mortgage loan have a review and resolution procedure for a consumer-initiated reconsideration of value or subsequent appraisal in connection with a consumer credit transaction secured by a consumer's principal dwelling4 7b7 ,public appraisal database 7#a7 ,covered agencies defined ,in this subsection1 the term covered agencies means-- 7,a7 the ,federal ,housing ,finance ,agency1 on behalf of the ,federal ,national ,mortgage ,association and the ,federal ,home ,loan ,mortgage ,corporation2 7,b7 the ,department of ,housing and ,urban ,development1 including the ,federal ,housing ,administration2 7,c7 the ,department of ,agriculture2 and 7,d7 the ,department of ,veterans ,affairs4 7#b7 ,feasibility report ,no later than #bdj days after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall submit to ,congress a public report assessing the feasibility of creating a publicly available appraisal database that consists of a searchable and downloadable appraisal-level public use file that consolidates appraisal data held or aggregated by covered agencies1 including-- 7,a7 the costs and benefits associated with establishing and maintaining the public database2 7,b7 the benefits and risks associated with the ,federal ,housing ,finance ,agency or the ,bureau of ,consumer ,financial ,protection being responsible for the public database and whether there is another ,federal agency best suited for implementing and administering such database2 7,c7 any safety and soundness1 antitrust1 or consumer privacy-related risks associated with making certain appraisal data factors publicly available1 including whether- 7i7 there are any existing legal requirements1 including under the ,home ,mortgage ,disclosure ,act of #aige 7#ab ,u4,s4,c4 #bhja et seq47 and section #eeb of title #e1 ,united ,states ,code 7commonly known as the ,freedom of ,information ,act71 or additional actions ,federal agencies could take to mitigate such risks1 such as modifying or aggregating data or eliminating personally identifiable information2 and 7ii7 there are any data factors that1 if made public1 may violate conduct1 ethics1 or other professional standards as they relate to appraisals and appraisal or valuation professionals2 7,d7 the feasibility of consolidating or matching appraisal data held by covered agencies with corresponding data that is required and made public under the ,home ,mortgage ,disclosure ,act of #aige 7#ab ,u4,s4,c4 #bhja et seq472 7,e7 whether the publication of any appraisal data factors may pose unfair business advantages within the valuation industry2 7,f7 the feasibility of including all valuation data held by covered agencies1 including data produced by automated valuation models2 7,g7 the feasibility and benefits of making the full appraisal dataset1 including any modified fields1 available to-- 7i7 ,federal agencies1 including for purposes related to enforcement and supervision responsibilities2 7ii7 relevant ,state licensing1 supervision1 and enforcement agencies and ,state attorneys general2 7iii7 approved researchers1 including academics and nonprofit organizations that1 in connection with their mission1 work to ensure the fairness and consistency of home valuations1 including appraisals2 and 7iv7 any other entities identified by the ,comptroller ,general as having a compelling use for disaggregated data2 7,h7 what appraisal data is already available in the public domain2 and 7,i7 the feasibility of incorporating legacy data held by covered agencies during the period beginning on ,january #a1 #bjag and ending on the date of enactment of this ,act1 and whether there are specific data points not easily consolidated or matched1 as described in subparagraph 7,d71 with more recent data4 7#c7 ,purpose ,the database described in paragraph 7#b7 shall be used to provide the public1 the ,federal ,government1 and ,state governments with residential real estate appraisal data to help determine whether financial institutions1 appraisal management companies1 appraisers1 valuation technologies1 such as automated valuation models1 and other valuation professionals are effectively serving the entire housing market4 7#d7 ,consultation ,as part of the information used in the report required under paragraph 7#b71 the ,comptroller ,general of the ,united ,states shall conduct interviews with-- 7,a7 relevant ,federal agencies2 7,b7 relevant ,state licensing1 supervision1 and enforcement agencies and ,state attorneys general2 7,c7 appraisers and other home valuation industry professionals2 7,d7 mortgage lending institutions2 7,e7 fair housing and fair lending experts2 and 7,f7 any other relevant stakeholders as determined by the ,comptroller ,general4 7#e7 ,hearing ,upon the completion of the report under paragraph 7#b71 the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives shall each hold a hearing on the findings of the report and the feasibility of establishing a public appraisal-level appraisal database4 ,,viii ,coordination1 ,studies1 and ,reporting #hja4 ,,hud-,,usda-,,va ,interagency ,coordination ,act 7a7 ,memorandum of understanding ,the ,secretary of ,housing and ,urban ,development1 the ,secretary of ,agriculture1 and the ,secretary of ,veterans ,affairs shall establish a memorandum of understanding1 or other appropriate interagency agreement1 to share relevant housing-related research and market data that facilitates evidence-based policymaking4 7b7 ,interagency report 7#a7 ,report ,not later than #ahj days after the date of enactment of this ,act1 the ,secretary of ,housing and ,urban ,development1 the ,secretary of ,agriculture1 and the ,secretary of ,veterans ,affairs shall jointly submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report containing-- 7,a7 a description of opportunities for increased collaboration between the ,secretary of ,housing and ,urban ,development1 the ,secretary of ,agriculture1 and the ,secretary of ,veterans ,affairs to reduce inefficiencies in housing programs2 7,b7 a list of ,federal laws 7including regulations7 that adversely affect the availability and affordability of new construction of assisted housing and single family and multifamily residential housing subject to mortgages insured under title ,,ii of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjg et seq471 insured1 guaranteed1 or made by the ,secretary of ,agriculture under title ,v of the ,housing ,act of #aidi 7#db ,u4,s4,c4 #adga et seq471 or insured1 guaranteed1 or made by the ,secretary of ,veterans ,affairs under chapter #cg of title #ch1 ,united ,states ,code2 and 7,c7 recommendations for ,congress regarding the ,federal laws 7including regulations7 described in subparagraph 7,b74 7#b7 ,publication ,the report required under paragraph 7#a7 shall1 prior to submission under that subsection1 be published in the ,federal ,register and open for comment for a period of #cj days4 #hjb4 ,streamlining ,rural ,housing ,act 7a7 ,in general ,not later than #ahj days after the date of enactment of this ,act1 the ,secretary of ,housing and ,urban ,development and the ,secretary of ,agriculture shall enter into a memorandum of understanding to-- 7#a7 evaluate categorical exclusions under the environmental review process for housing projects funded by amounts from the ,department of the ,housing and ,urban ,development and the ,department of ,agriculture2 7#b7 develop a process to designate a lead agency and streamline adoption of ,environmental ,impact ,statements and ,environmental ,assessments approved by the other ,department to construct housing projects funded by both agencies2 7#c7 maintain compliance with environmental regulations under part #eh of title #bd1 ,code of ,federal ,regulations1 as in effect on ,january #a1 #bjbe1 except as required to amend1 add1 or remove categorical exclusions identified under sections #eh4ce of title #bd1 ,code of ,federal ,regulations1 through standard rulemaking procedures2 and 7#d7 evaluate the feasibility of a joint physical inspection process for housing projects funded by amounts from the ,department of the ,housing and ,urban ,development and the ,department of ,agriculture4 7b7 ,report ,not later than #a year after the date of enactment of this ,act1 the ,secretary of ,housing and ,urban ,development and the ,secretary of ,agriculture shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report that includes recommendations for legislative1 regulatory1 or administrative actions-- 7#a7 to improve the efficiency and effectiveness of housing projects funded by amounts from the ,department of the ,housing and ,urban ,development and the ,department of ,agriculture2 and 7#b7 that do not materially1 with respect to residents of housing projects described in paragraph 7#a7-- 7,a7 reduce the safety of those residents2 7,b7 shift long-term costs onto those residents2 or 7,c7 undermine the environmental standards of those residents4 #hjc4 ,improving self-sufficiency of families in ,,hud-subsidized housing 7a7 ,in general 7#a7 ,study ,subject to subsection 7b71 the ,secretary of ,housing and ,urban ,development shall conduct a study on the implementation of work requirements implemented prior to the date of enactment of this ,act by public housing agencies described in paragraph 7#d7 participating in the ,moving to ,work demonstration authorized under section #bjd of the ,departments of ,veterans ,affairs and ,housing and ,urban ,development1 and ,independent ,agencies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note74 7#b7 ,scope ,the study required under paragraph 7#a7 shall-- 7,a7 consider the short-1 medium-1 and long-term benefits and challenges of work requirements on public housing agencies described in paragraph 7#d7 and on program participants who are subject to such requirements1 including the effects work requirements have on homelessness rates1 poverty rates1 asset building1 earnings growth1 job attainment and retention1 and public housing agencies' administrative capacity2 and 7,b7 include quantitative and qualitative evidence1 including interviews with program participants described in subparagraph 7,a7 and their respective resident councils4 7#c7 ,report ,not later than #a year after the date of enactment of this ,act1 the ,secretary shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report on the initial findings of the study required under paragraph 7#a74 7#d7 ,public housing agencies described ,the public housing agencies described in this paragraph are public housing agencies that1 as part of an application to participate in the demonstration authorized under section #bjd of the ,departments of ,veterans ,affairs and ,housing and ,urban ,development1 and ,independent ,agencies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note71 submit a proposal identifying work requirements as an innovative proposal4 7b7 ,determination ,the requirement under subsection 7a7 shall apply if the ,secretary of ,housing and ,urban ,development determines that-- 7#a7 there are a sufficient number of public housing agencies described in subsection 7a77#d7 such that the ,secretary of ,housing and ,urban ,development can rigorously evaluate the impact of the implementation of work requirements described in that subsection2 and 7#b7 the study would not negatively impact low-income families receiving assistance through a public housing agency described in subsection 7a77#d74 #hjd4 ,,gao studies 7a7 ,workforce housing study 7#a7 ,middle-income household defined ,in this subsection1 the term middle income household means a household with an income above #hj-percent but that does not exceed #abj-percent of the median family income of the area1 as determined by the ,secretary of ,housing and ,urban ,development with adjustments for smaller and larger families4 7#b7 ,study ,not later than #a year after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall conduct a study and submit to ,congress a report that-- 7,a7 identifies obstacles middle-income households face when looking to secure affordable housing2 7,b7 identifies geographic areas where housing is the most unaffordable and unavailable for middle-income households2 7,c7 includes a list of ,federal housing programs1 including ,federal tax credits1 grants1 and loan programs1 that are not available to middle-income households due to their income status1 including ,federal housing programs designed to promote affordability2 7,d7 recommends income and other parameters to establish a clear and consistent ,federal definition for the term workforce housing for use when describing the segment of housing that could be made available to those middle-income households in ,federal housing programs if funding commensurate with the additional eligibility were to be made available2 and 7,e7 analyzes how to modify or newly develop new ,federal housing programs and incentives to include workforce housing if funding commensurate with the additional eligibility were to be made available4 7b7 ,housing for elderly or disabled ,not later than #a year after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall carry out a study and submit to ,congress a report that identifies options to remove barriers and improve housing for persons who are elderly or disabled1 including any potential impacts of providing capital advances for-- 7#a7 the program for supportive housing for the elderly under section #bjb of the ,housing ,act of #aiei 7#ab ,u4,s4,c4 #agjaq72 and 7#b7 the program for supportive housing for persons with disabilities under section #haa of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #hjac74 7c7 ,proximity of housing to ,superfund sites ,not later than #a year after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall carry out a study and submit to ,congress a report that identifies how many residential dwelling units1 and how many dwelling units that are a part of public housing 7as defined in section #c7;b7 of the ,united ,states ,housing ,act of #aicg 7#db ,u4,s4,c4 #adcg;a7b7771 are located less than #a mile from a site that is included on the ,national ,priorities ,list established pursuant to section #aje of the ,comprehensive ,environmental ,response1 ,compensation1 and ,liability ,act of #aihj 7#db ,u4,s4,c4 #ifje74 7d7 ,residential heirs property ,not later than #a year after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall carry out a study and submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report that-- 7#a7 establishes a comprehensive definition of residential heirs property1 or family land inherited without a will or legal documentation of ownership2 7#b7 examines the occurrence of and consequences to owners of residential heirs property1 and provides an estimate regarding the number of current residential heirs properties2 7#c7 describes the objectives and requirements of the ,uniform ,partition of ,heirs ,property ,act as approved by the ,national ,conference of ,commissioners on ,uniform ,state ,laws in #bjaj2 7#d7 details the various resources that may be available to the owners of residential heirs properties1 including housing counseling1 legal services1 and financial assistance to resolve residential heirs property title issues from the ,federal ,government1 nonprofit organizations1 and institutions of higher education2 and 7#e7 makes recommendations with respect to how to reduce the number of residential heirs properties1 including-- 7,a7 by incentivizing ,states and other jurisdictions which enact or adopt the ,uniform ,partition of ,heirs ,property ,act or similar such reforms2 7,b7 by awarding grants to ,states and other jurisdictions to assist residents of those ,states and jurisdictions to establish and document property ownership rights or settle a decedent's estate2 7,c7 by awarding grants to entities that-- 7i7 provide housing counseling1 legal assistance1 and financial assistance to homeowners and their heirs relating to title clearing and home retention efforts of heirs' property2 and 7ii7 target services to low- and moderate-income persons or provide services in neighborhoods that have a high concentration of low- and moderate-income persons2 and 7,d7 by conducting other activities that assist individuals to clear title with respect to heirs' property and with general estate planning4 ,,ix ,homeownership for ,main ,street ,america #ija4 ,homes are for people1 not corporations 7a7 ,definitions ,in this section3 7#a7 ,consumer reporting agency ,the term consumer reporting agency has the meaning given the term in section #fjc of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;a774 7#b7 ,excepted purchase ,the term excepted purchase means any purchase of a single-family home that is-- 7,a7 newly constructed1 renovated1 or a rental conversion for sale by a large institutional investor and not as a residence rented pending sale2 7,b7 pursuant to a build-to-rent program where the large institutional investor purchases newly constructed single-family homes to be managed as rental properties1 whether as communities exclusively of renter-occupied single-family homes or as communities of single-family homes that are both owner- and renter-occupied2 7,c7 pursuant to a renovate-to-rent program that-- 7i7 substantially rehabilitates single-family homes that do not meet structural or core system elements of local building codes2 and 7ii7 makes improvements in an aggregate dollar amount of not less than #ae percent of the purchase price of the single-family home2 7,d7 pursuant to a homeownership program that-- 7i7 requires rental payments and any other fees that are not greater than those collected by the large institutional investor on other similarly situated single-family homes not covered by the eligible homeownership program2 7ii7 is subject to a contract between the large institutional investor and renter that shall be considered a consumer credit transaction secured by a dwelling or real property2 7iii7 provides for positive reporting of rental payments to consumer reporting agencies for any renter1 who shall be informed of and opts into such reporting2 and 7iv7 requires contribution of meaningful financial support from the large institutional investor1 including price concessions1 for the purchase of the single-family home by the renter2 7,e7 pursuant to a program to boost homeownership that-- 7i7 provides for positive reporting of rental payments to consumer reporting agencies for any renter1 who shall be informed of and opts into such reporting2 7ii7 provides for the right of first refusal and a #cj-;day first look period2 and 7iii7 may entail the meaningful financial support from the large institutional investor1 including price concessions1 for the purchase of a single-family home by the renter 7whether it is the home the renter occupies or another home72 7,f7 in connection with the satisfaction of debts previously contracted in good faith and where the large institutional investor has the right to repossess the single-family home under such contract2 7,g7 undertaken by a mortgage servicer1 lender1 or other entity that has a legal right to a single-family home1 for the purpose of loss mitigation or compliance with servicing or investor obligations1 and not as a long-term investment strategy1 and is solely as a result of-- 7i7 a foreclosure2 7ii7 a deed-in-lieu of foreclosure2 7iii7 enforcement of a mortgage1 deed of trust1 or other security interest2 or 7iv7 operation of law following borrower default2 7,h7 purchased from another large institutional investor that either owned the single-family home on the date of enactment of this ,act or purchased the single-family home in compliance with this section2 7,i7 purchased from an investor not covered under this section1 so long as the purchase occurred not more than #b years after the effective date under subsection 7f72 7,j7 newly constructed1 renovated1 or a rental conversion that is intended and operated for occupancy as part of a community for households with #a or more members aged #ee years or older1 and satisfies visitability standards established by the ,secretary of ,housing and ,urban ,development2 or 7,k7 purchased through a single purchase or combination or series of purchases described in subparagraphs 7,a7 through 7,j74 7#c7 ,single-family home ,the term single-family home-- 7,a7 means a structure that contains #b or fewer dwelling units that are each intended for residential occupancy by a single household2 and 7,b7 does not include a manufactured home1 as defined in section #fjc of the ,national ,manufactured ,housing ,construction and ,safety ,standards ,act of #aigd 7#db ,u4,s4,c4 #edjb74 7#d7 ,large institutional investor 7,a7 ,in general ,the term large institutional investor-- 7i7 means an investment fund1 corporation1 general or limited partnership1 limited liability company1 joint venture1 association1 or other for-profit entity that is a legal entity structured in a manner that is not aforementioned that-- 7,i7 is engaged1 in whole or in part1 in the business of investing in1 owning1 renting1 managing1 or holding single-family homes2 and 7,,ii7 alone or in concert with #a or more other entities1 beginning after the date of enactment of this ,act1 directly or indirectly has investment control of not less than #cej single-family homes in the aggregate1 not including any single-family home purchased in an excepted purchase made after the date of enactment of this ,act2 and 7ii7 does not include any local1 ,state1 ,tribal1 or ,federal government entity or instrumentality thereof4 7,b7 ,rule of construction ,for purposes of this paragraph1 an entity has direct or indirect investment control over a single-family home if the entity-- 7i7 owns1 or has primary authority or fiduciary responsibility to make material investment or management decisions relating to1 the single-family home2 7ii7 is1 or directly or indirectly controls1 the general partner or managing member of the entity that owns the single-family home2 7iii7 is or controls the investment manager1 management company1 or investment advisor of the entity that owns the single-family home2 7iv7 owns or controls more than #be percent of any class of equity interests of the entity that owns the single-family home1 unless such entity is a passive investor2 or 7v7 otherwise controls the entity that owns the single-family home4 7#e7 ,purchase ,the term purchase includes any purchase1 transfer1 or other acquisition of a single family home1 including through mergers1 acquisitions1 construction1 foreclosures1 or bulk purchases1 whether or not for cash consideration4 7b7 ,prohibition on purchases by large institutional investors 7#a7 ,in general ,no large institutional investor may purchase1 or enter into a contract to directly or indirectly purchase1 any single-family home4 7#b7 ,exceptions ,the prohibition under paragraph 7#a7 shall not apply to-- 7,a7 any excepted purchase2 or 7,b7 any purchase of a single-family home in connection with a restructuring or other reorganization of ownership of single-family homes that were owned or purchased on or before the date of enactment of this ,act4 7#c7 ,rule of construction ,nothing in this section may be construed to-- 7,a7 require any large institutional investor to divest or otherwise sell any single-family home purchased before the date of enactment of this ,act2 or 7,b7 prevent the filing of a petition1 or otherwise affect any bankruptcy proceeding1 under title #aa1 ,united ,states ,code4 7#d7 ,implementation 7,a7 ,in general ,in consultation with the ,secretary of ,housing and ,urban ,development1 the ,director of ,federal ,housing ,finance ,agency1 and the ,chair of the ,securities and ,exchange ,commission1 the ,secretary of the ,treasury may issue regulations in accordance with the notice and comment rulemaking procedures under section #eec of title #e1 ,united ,states ,code1 to carry out the purposes of this section1 including regulations to-- 7i7 minimize market disruptions upon identifying a risk of material negative impact on the housing market1 including an impact on the ability of market participants to dispose of single-family homes in an orderly fashion2 7ii7 mitigate1 to the extent possible1 negative impacts on consumers and communities2 and 7iii7 further clarify the application of the terms large institutional investor1 single-family home1 and excepted purchase1 if the ,secretary of the ,treasury determines that such regulations will advance the availability of single-family homes for purchase by individual households4 7,b7 ,rule of construction ,for the avoidance of doubt1 no regulation issued under subparagraph 7,a7 may amend the definitions of the terms defined under subsection 7a71 including to-- 7i7 alter the scope of excepted purchases in a manner that would undermine the goal of expanding the number of single-family homes available to individual households for purchase2 7ii7 alter any type of excepted purchase in a manner that would undermine the goal of expanding the number of single-family homes available to individual households for purchase2 7iii7 add any category of large institutional investor as an eligible class if not determined by this section2 or 7iv7 alter the quantitative threshold in the definition of large institutional investor4 7c7 ,disposal of homes under excepted purchases 7#a7 ,requirement to dispose 7,a7 ,in general ,with respect to the purchase by a large institutional investor of a single-family home described in subparagraph 7,a71 7,b71 or 7,c7 of subsection 7a77#b71 or with respect to the purchase by a large institutional investor of a single-family home described in subparagraph 7,j7 of subsection 7a77#b7 that ceases to meet the requirements of such subparagraph1 the large institutional investor shall dispose of the single-family home to an individual homebuyer not later than #g years after the date of purchase4 7,b7 ,subsequent purchase ,for the avoidance of doubt1 any purchase of a single-family home described in subparagraph 7,a71 7,b71 7,c71 or 7,j7 of subsection 7a77#b7 shall remain subject to the terms of this section notwithstanding a subsequent purchase by a large institutional investor pursuant to another subparagraph of subsection 7a77#b74 7#b7 ,application 7,a7 ,paragraph 7#a7 shall not apply in the case of any large institutional investor which is a real estate investment trust if the disposal of such property would be a prohibited transaction that would lead to a #ajj percent tax under the statute governing such types of entities4 7,b7 ,in the case of a large institutional investor that has an active leasing contract with the renter of a single-family home described in paragraph 7#a7 that went into effect not later than #f months before the date of disposal under that paragraph1 nothing in that paragraph shall be construed to require the large institutional investor to dispose of the single-family home subject to this subsection until the date on which such contract expires4 7#c7 ,requirements for disposal 7,a7 ,renter accommodations ,in the case of a renter described in paragraph 7#b77;,b7-- 7i7 the large institutional investor may provide the renter with the option to renew the active leasing contract in such subsection1 except that the aggregate leasing period of renewals shall not exceed #cf consecutive months2 7ii7 the large institutional investor shall confirm whether the renter opts to renew the leasing contract1 within the limitations of clause 7i71 through a written attestation2 and 7iii7 the large institutional investor shall advertise the home pursuant to subparagraph 7,c7 beginning on the earlier of-- 7,i7 the date on which the renter declines to renew the leasing contract2 or 7,,ii7 the date on which the leasing contract expires4 7,b7 ,renter option to purchase ,before the large institutional investor disposes of a single-family home described in paragraph 7#a71 the renter of the single-family home described in paragraph 7#b77;,b7 shall have the right of first refusal and a #cj-;day first look period to purchase the single-family home4 7,c7 ,advertisement of property 7i7 ,in general ,on the date that a renter described in paragraph 7#b77;,b7 declines to renew an active leasing contract with a large institutional investor under subparagraph 7,a71 or declines a single-family home under subparagraph 7,b71 the single-family home shall be-- 7,i7 widely advertised and free to access1 and listed in publications1 which may include internet platforms or a national ,multiple ,listing ,service1 by the large institutional investor2 and 7,,ii7 made broadly accessible to individual homebuyers and the general public1 including any licensed real estate agents representing potential buyers4 7ii7 ,compliance ,if a single-family home described in paragraph 7#a7 is not purchased1 or no offer to purchase is made1 by an individual homebuyer within #fj days of the date on which the single-family home is advertised under clause 7i71 the large institutional investor shall be considered to be in compliance with the disposal requirements under paragraph 7#a74 7,d7 ,rule of construction ,nothing in this paragraph shall be construed to require a renter to renew a lease or to affect ,state or local tenant-landlord laws regarding requirements related to lease renewal processes or leasing periods4 7d7 ,enforcement 7#a7 ,civil penalties ,any large institutional investor that violates subsection 7b7 or paragraph 7#a7 or 7#b77;,b7 of subsection 7c7 shall be subject to a civil penalty of not more than #a1jjj1jjj per violation1 or #c times the purchase price of the property involved1 whichever is greater1 enforced by the ,secretary of the ,treasury4 7#b7 ,transfer to ,,hud for homeownership expansion activities ,for fiscal year #bjbg and each fiscal year thereafter1 to the extent and in the amounts provided in advance in appropriations ,acts1 civil penalties assessed under this section shall be transferred to and available to the ,secretary of ,housing and ,urban ,development to provide additional funding for the ,,home ,investment ,partnerships program under subtitle ,a of title ,,ii of the ,cranston-,gonzalez ,national ,affordable ,housing ,act 7#db ,u4,s4,c4 #abgda et seq471 to be allocated in accordance with the formula under that program1 for new construction1 acquisition1 and rehabilitation of single-family homes and to provide assistance grants to first-time homebuyers1 which may be for downpayments1 closing costs1 and interest rate buydowns4 7e7 ,studies on large institutional investors 7#a7 ,,gao report ,not later than #b years after the date on which the prohibition under subsection 7b77#a7 takes effect1 and again not later than #aj years after that date1 the ,comptroller ,general of the ,united ,states shall submit to the ,senate ,committee on ,banking1 ,housing and ,urban ,affairs and the ,house ,committee on ,financial ,services a report on-- 7,a7 the impact of the ownership by large institutional investors of single-family homes on housing availability and affordability for renters and homebuyers2 and 7,b7 the effectiveness of this section in reducing demand by large institutional investors for single-family homes and expanding homeownership for renters and homebuyers4 7#b7 ,,hud report ,not later than #b years after the date on which the prohibition under subsection 7b77#a7 takes effect1 and again not later than #aj years after that date1 the ,secretary of the ,housing and ,urban ,development1 in consultation with the ,secretary of the ,treasury1 the ,administrator of the ,rural ,housing ,service1 the ,executive ,director of the ,loan ,guaranty ,service of the ,department of ,veterans ,affairs1 the ,chair of ,securities and ,exchange ,commission1 and the ,director of the ,federal ,housing ,finance ,agency1 shall submit to the ,committee on ,banking1 ,housing and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report on-- 7,a7 whether there should be adjustments to the definition of the term large institutional investor2 7,b7 the financial impact of this section on large institutional investors1 renters1 and homebuyers2 and 7,c7 any legislative recommendations regarding ways to improve the authorities provided under this section to increase the supply and affordability of single-family homes for purchase by individual homebuyers4 7#c7 ,sense of ,congress ,it is the sense of ,congress that-- 7,a7 this section is intended to expand the number of single-family homes available to individuals for purchase and is aimed at preserving and expanding the supply of single-family homes available to individuals2 and 7,b7 any further study on the effectiveness of this section and any legislative recommendations therefrom should consider this sense of ,congress4 7f7 ,effective date ,the requirements and prohibitions under subsections 7b71 7c71 and 7d7 of this section-- 7#a7 shall take effect on the date that is #ahj days after the date of enactment of this ,act2 and 7#b7 are repealed on the date that is #ae years after the effective date under paragraph 7#a74 ,x ,central bank digital currency #ajja4 ,central bank digital currency ,the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #bba et seq47 is amended by inserting after section #af 7#ab ,u4,s4,c4 #daa et seq47 the following3 #af;,a4 ,central bank digital currency 7a7 ,definitions ,in this section3 7#a7 ,central bank digital currency ,the term central bank digital currency means a digital asset that-- 7,a7 is denominated in ,united ,states dollars2 7,b7 is a ,united ,states currency2 7,c7 is a direct liability of the ,federal ,reserve ,system2 and 7,d7 is widely available to the general public4 7#b7 ,digital asset ,the term digital asset has the meaning given the term in section #b of the ,,genius ,act 7#ab ,u4,s4,c4 #eija74 7b7 ,prohibition ,except as provided in subsection 7c71 the ,board of ,governors of the ,federal ,reserve ,system or a ,federal reserve bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency directly or indirectly through a financial institution or other intermediary4 7c7 ,exception ,subsection 7b7 shall not prohibit any dollar-denominated currency that is open1 permissionless1 and private1 and fully preserves the privacy protections of ,united ,states coins and physical currency4 7d7 ,sunset ,this provisions of this section shall cease to be effective on ,december #ca1 #bjcj4 4 ,,xi ,miscellaneous #aaja4 ,severability ,if any provision of this ,act1 or the application thereof to any person or circumstance1 is held invalid1 the remainder of the ,act1 and the application of such provisions to other persons or circumstances1 shall not be affected thereby4 #aajb4 ,no additional funds authorized ,no additional funds are authorized to be appropriated to carry out the requirements of this ,act or any amendment made by this ,act4 ,secretary