,9 ! ,s5ate ( ! ,unit$ ,/ates1 ,m>* #ab1 #bjbf4 ,am5dm5t3 ,t ! bill f ! ,h\se ( ,repres5tatives 7,h4,r4 #ffdd7 entitl$ ,an ,act to increase ! supply ( h\s+ 9 ,am]ica1 & = o!r purposes41 d pass ) ! foll[+ ,/rike all aft] ! enact+ clause & ins]t ! foll[+3 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! #ba/ ,c5tury ,,road to ,h\s+ ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4,,title ,i--,improv+ ,f9ancial ,literacy,sec4 #aja4 ,re=ms to h\s+ c\nsel+ & f9ancial lit]acy programs4,,title ,,ii--,build+ ,m 9 ,america,sec4 #bja4 ,r5tal assi/ance demon/ration program4,sec4 #bjb4 ,increas+ h\s+ 9 opportunity zones4,sec4 #bjc4 ,:ole-,home ,repairs ,act4,sec4 #bjd4 ,community ,inve/m5t & ,prosp]ity ,act4,sec4 #bje4 ,build ,n[ ,act4,sec4 #bjf4 ,addition ( af=dable h\s+ con/ruction z an eligible activity4,sec4 #bjg4 ,bett] ,use ( ,int]gov]nm5tal & ,local ,developm5t 7,,build7 ,h\s+ ,act4,sec4 #bjh4 ,unlock+ ,h\s+ ,supply ,?r\gh ,/reaml9$ & ,mod]niz$ ,reviews ,act4,sec4 #bji4 ,grants = plann+ & implem5tation associat$ ) af=dable h\s+4,sec4 #baj4 ,innovation ,fund4,sec4 #baa4 ,accel]at+ ,home ,build+ ,act4,sec4 #bab4 ,revitaliz+ ,empty ,/ructures ,into ,desirable ,environm5ts 7,,reside7 ,act4,sec4 #bac4 ,h\s+ ,af=dability ,act4,,title ,,iii--,manufactur$ ,h\s+ = ,america,sec4 #cja4 ,h\s+ ,supply ,expansion ,act4,sec4 #cjb4 ,modul> ,h\s+ ,production ,act4,sec4 #cjc4 ,prop]ty ,improvem5t & ,manufactur$ ,h\s+ ,loan ,mod]nization ,act4,sec4 #cjd4 ,price ,act4,,title ,,iv--,access+ ! ,am]ican ,dream,sec4 #dja4 ,creat+ inc5tives = small doll> loan orig9ators4,sec4 #djb4 ,small doll> mortgage po9ts & fees4,sec4 #djc4 ,appraisal ,indu/ry ,improvem5t ,act4,sec4 #djd4 ,help+ ,m ,families ,save ,act4,sec4 #dje4 ,*oice 9 ,af=dable ,h\s+ ,act4,,title ,v--,program ,reform,sec4 #eja4 ,re=m+ ,disa/] ,recov]y ,act4,sec4 #ejb4 ,,home ,inve/m5t ,p>tn]%ips ,reau?orization & ,re=m ,act4,sec4 #ejc4 ,rural ,h\s+ ,s]vice ,re=m ,act4,sec4 #ejd4 ,new ,mov+ to ,"w cohort4,sec4 #eje4 ,inc5tiviz+ local solutions to homelessness4,,title ,,vi--,vet]ans & ,housing,sec4 #fja4 ,,va ,home ,loan ,aw>5ess ,act4,sec4 #fjb4 ,vet]ans ,affairs ,loan ,in=m$ ,disclosure 7,,valid7 ,act4,sec4 #fjc4 ,h\s+ ,unh\s$ ,disabl$ ,vet]ans ,act4,,title ,,vii--,ov]sight & ,accountability,sec4 #gja4 ,requir+ annual te/imony & ov]sight f h\s+ regulators4,sec4 #gjb4 ,,fha report+ requirem5ts on safety & s\ndness4,sec4 #gjc4 ,unit$ ,/ates ,int]ag5cy ,c\ncil on ,homelessness ov]sight4,sec4 #gjd4 ,appraisal ,mod]nization ,act4,,title ,,viii--,coord9ation1 ,/udies1 & ,reporting,sec4 #hja4 ,,hud-,,usda-,,va ,int]ag5cy ,coord9ation ,act4,sec4 #hjb4 ,/reaml9+ ,rural ,h\s+ ,act4,sec4 #hjc4 ,improv+ self-suffici5cy ( families 9 ,,hud-subsidiz$ h\s+4,sec4 #hjd4 ,,gao /udies4,,title ,,ix--,home[n]%ip = ,ma9 ,/reet ,america,sec4 #ija4 ,homes are = p1 n corporations4,,title ,x--,c5tral bank digital currency,sec4 #ajja4 ,c5tral bank digital curr5cy4,,title ,,xi--,miscellaneous,sec4 #aaja4 ,sev]ability4,sec4 #aajb4 ,no additional funds au?oriz$4 ,i ,improv+ ,f9ancial ,lit]acy #aja4 ,re=ms to h\s+ c\nsel+ & f9ancial lit]acy programs 7a7 ,9 g5]al ,section #ajf ( ! ,h\s+ & ,urban ,developm5t ,act ( #aifh 7#ab ,u4,s4,c4 #agjax7 is am5d$-- 7#a7 9 subsection 7a77#d77;,c71 by /rik+ adequate di/ribution & all t foll[s ?r\gh =eclosure rates & ins]t+ t ! recipi5ts are geographically div]se & include organizations t s]ve urban or rural areas2 7#b7 9 subsection 7e71 by add+ at ! end ! foll[+3 7#f7 ,p]=mance review ,! ,secret>y %all conduct p]=mance reviews ( all p>ticipat+ ag5cies t-- 7,a7 consi/ ( a review ( ! p>ticipat+ ag5cy's compliance ) all program requirem5ts2 & 7,b7 may take into acc\nt ! ag5cy's aggregate c\nselor p]=mance "u p>agraph 7#h77;,b74 7#g7 ,p]iodic reviews ,! ,secret>y may conduct p]iodic on-site reviews z ! ,secret>y deems appropriate4 7#h7 ,consid]ations 7,a7 ,cov]$ mortgage loan def9$ ,9 ?is p>agraph1 ! t]m cov]$ mortgage loan means any loan :i* is secur$ by a fir/ or subord9ate li5 on resid5tial real prop]ty 7includ+ individual units ( condom9iums & coop]atives7 design$ pr9cipally = ! occupancy ( betwe5 #a & #d families t is-- 7i7 insur$ by ! ,f$]al ,h\s+ ,adm9i/ration "u title ,,ii ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjg et seq472 or 7ii7 gu>ante$ "u section #ahd or #ahd;,a ( ! ,h\s+ & ,community ,developm5t ,act ( #aiib 7#ab ,u4,s4,c4 #agaez-#ac;a1 #agaez-#ac;b74 7,b7 ,comp>ison ,= ea* c\nselor employ$ by an organization receiv+ assi/ance "u ?is section = pre-pur*ase h\s+ c\nsel+1 ! ,secret>y may consid] ! p]=mance ( ! c\nselor comp>$ to ! default rate ( all c\nsel$ borr[]s ( a cov]$ mortgage loan 9 comp>able m>kets & su* o!r factors z ! ,secret>y det]m9es appropriate to fur!r ! purposes ( ?is section4 7#i7 ,c]tification ,if1 bas$ on ! comp>ison requir$ "u p>agraph 7#h77;,b71 ! ,secret>y det]m9es t a c\nselor lacks compet5ce to provide c\nsel+ 9 ! areas describ$ 9 subsection 7e77#b7 & su* action w n create a significant loss ( capacity = h\s+ c\nsel+ s]vices 9 ! s]vice area1 ! ,secret>y may-- 7,a7 require cont9u$ education c\pl$ ) successful completion ( a probation>y p]iod2 7,b7 require rete/+ if ! c\nselor cont9ues to demon/rate a lack ( compet5ce "u p>agraph 7#h77;,b72 & 7,c7 p]man5tly susp5d an individual c]tification if a c\nselor fails to demon/rate compet5ce aft] n few] ?an #b rete/+ opportunities "u subp>agraph 7,b74 2 7#c7 9 subsection 7i7-- 7,a7 by r$esignat+ p>agraph 7#c7 z p>agraph 7#d72 & 7,b7 by ins]t+ aft] p>agraph 7#b7 ! foll[+3 7#c7 ,t]m9ation ( assi/ance 7,a7 ,9 g5]al ,! ,secret>y may d5y r5ewal ( cov]$ assi/ance to an organization or entity receiv+ cov]$ assi/ance if ! ,secret>y det]m9es t ! organization or entity1 or ! individual ?r\gh :i* ! organization or entity provides c\nsel+1 is n 9 compliance ) program requirem5ts-- 7i7 bas$ on ! p]=mance review describ$ 9 subsection 7e77#f72 & 7ii7 9 accordance ) regulations issu$ by ! ,secret>y4 7,b7 ,notice ,! ,secret>y %all give an organization or entity receiv+ cov]$ assi/ance n less ?an #fj days prior writt5 notice ( any d5ial ( r5ewal "u ?is p>agraph1 & ! det]m9ation ( r5ewal %all n be f9aliz$ until ! end ( t notice p]iod4 7,c7 ,in=mal conf]5ce ,if reque/$ 9 writ+ by ! organization or entity )9 ! notice p]iod describ$ 9 subp>agraph 7,b71 ! organization or entity %all be entitl$ to an in=mal conf]5ce ) ! ,deputy ,assi/ant ,secret>y ( ,h\s+ ,c\nsel+ on behalf ( ! ,secret>y at :i* ! organization or entity may pres5t = consid]ation specific factors t ! organization or entity believes 7 beyond ! control ( ! organization or entity & t caus$ ! failure to comply ) program requirem5ts1 su* z a lack ( l5d] or s]vic] coord9ation or communication ) h\s+ c\nsel+ ag5cies & individual c\nselors4 2 & 7#d7 by add+ at ! end ! foll[+3 7j7 ,(f]+ =eclosure mitigation c\nsel+ 7#a7 ,cov]$ mortgage loan def9$ ,9 ?is subsection1 ! t]m cov]$ mortgage loan means any loan :i* is secur$ by a fir/ or subord9ate li5 on resid5tial real prop]ty 7includ+ individual units ( condom9iums7 or /ock or memb]%ip 9 a coop]ative own]%ip h\s+ corporation design$ pr9cipally = ! occupancy ( betwe5 #a & #d families t is-- 7,a7 insur$ by ! ,f$]al ,h\s+ ,adm9i/ration "u title ,,ii ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjg et seq472 7,b7 gu>ante$ "u section #ahd or #ahd;,a ( ! ,h\s+ & ,community ,developm5t ,act ( #aiib 7#ab ,u4,s4,c4 #agaez-#ac;a1 #agaez-#ac;b72 7,c7 made1 gu>ante$1 or insur$ by ! ,dep>tm5t ( ,vet]ans ,affairs2 or 7,d7 made1 gu>ante$1 or insur$ by ! ,dep>tm5t ( ,agriculture4 7#b7 ,opportunity = borr[]s ,a borr[] ) respect to a cov]$ mortgage loan :o is #cj days or m del9qu5t on paym5ts = ! cov]$ mortgage loan %all be giv5 an opportunity to p>ticipate 9 available h\s+ c\nsel+4 7#c7 ,co/ ,if ! requirem5ts ( sections #bjb7;a77#c7 & #bje7;f7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjh7;a77#c71 #agaa7;f77 are met1 ! fair m>ket rate co/ ( c\nsel+ = del9qu5t borr[]s describ$ 9 p>agraph 7#b7 ) respect to a cov]$ mortgage loan describ$ 9 p>agraph 7#a77;,a7 %all be paid = by ! ,mutual ,mortgage ,insurance ,fund1 z au?oriz$ "u section #bjc7r77#d7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agji7r77#d774 4 ,,ii ,build+ ,m 9 ,am]ica #bja4 ,r5tal assi/ance demon/ration program ,! language "u ! head+ ,r5tal ,assi/ance ,demon/ration 9 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,appropriations ,act1 #bjab 7,public ,law #aab-ee2 #abe ,/at4 #fgc7 is am5d$-- 7#a7 9 ! second proviso1 by /rik+ until ,septemb] #cj1 #bjbi & ins]t+ = fiscal ye> #bjab & ea* fiscal ye> !reaft]2 7#b7 by /rik+ ! f\r? proviso2 7#c7 9 ! tw5tie? proviso1 z s designat$ be=e ! date ( enactm5t ( ?is ,act1 by /rik+ or o!r means3 & ins]t+ or o!r means1 includ+ ! adoption ( a m&atory t5ant lease & managem5t plan add5dum = a prop]ty ) assi/ance conv]t$1 if n o!rwise cov]$ by ano!r program1 "u ?is demon/ration32 & 7#d7 by /rik+ v\*]s to project-bas$ v\*]s4 & ins]t+ v\*]s to project-bas$ v\*]s3 ,provid$ fur!r1 ,t ! ,secret>y %all annually assess & publi% f9d+s reg>d+ ! impact ( ! conv]sion ( assi/ance "u ! ,fir/ ,compon5t ( ! demon/ration ) respect to ! pres]vation & improvem5t ( public h\s+1 ! am\nt ( private sector lev]ag+ result+ f su* conv]sion transactions1 ! preval5ce ( pre-conv]sion resid5ts rema9+ 9 or return+ to ! prop]ty foll[+ conv]sion1 & ! effect ( su* conv]sion on t5ants1 includ+ ! impact ( su* conv]sion on ! rights ma9ta9$ by t5ants z enum]at$ 9 regulations & o!r docum5ts conf]r+ rights ^u t5ants z develop$ by ! ,secret>y1 & o!r matt]s ! ,secret>y may det]m9e appropriate3 ,provid$ fur!r1 ,t ! ,secret>y may take rem$iative action or impose civil money p5alties or o!r adm9i/rative sanctions = mat]ial violations ( a requirem5t "u ! ,fir/ & ,second ,compon5ts ( ?is demon/ration3 ,provid$ fur!r1 ,t no?+ 9 ! matt] "u ?is head+ %all be con/ru$ to dim9i%1 impair1 or o!rwise negatively affect ! ,r5tal ,assi/ance ,demon/ration prop]ty rights ( own]s or rights ( t5ants1 :i* %all rema9 en=ceable by t5ants1 z enum]at$ 9 curr5t law1 regulations1 & o!r ag5cy guidance or notices z x relates to prop]ties conv]t$ "u ! ,fir/ & ,second ,compon5ts ( ! ,r5tal ,assi/ance ,demon/ration ,program44 #bjb4 ,increas+ h\s+ 9 opportunity zones 7a7 ,cov]$ grant def9$ ,9 ?is section1 ! t]m cov]$ grant means any competitive grant relat+ to ! con/ruction1 modification1 rehabilitation1 or pres]vation ( h\s+1 z det]m9$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,priority ,:5 aw>d+ a cov]$ grant1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t may give additional weight to applicants ) propos$ activities or projects t are locat$ 9 or sub/antially & directly b5efit a community designat$ z a qualifi$ opportunity zone "u section #adjj,z-#a ( ! ,int]nal ,rev5ue ,code ( #aihf4 #bjc4 ,:ole-,home ,repairs ,act 7a7 ,def9itions ,9 ?is section3 7#a7 ,af=dable unit ,! t]m af=dable unit means a unit = :i* ! mon?ly r5tal paym5t is n m ?an #cj p]c5t ( ! gross income ( an individual e>n+ at or bel[ #hj p]c5t ( ! area m$ian income1 z def9$ by ! ,secret>y4 7#b7 ,assi/$ unit ,! t]m assi/$ unit means a unit t und]goes repair or rehabilitation "w ?r\gh a :ole-home repairs program adm9i/]$ by an implem5t+ organization "u ?is section4 7#c7 ,eligible home[n] ,! t]m eligible home[n] means a home[n]-- 7,a7 ) a h\sehold income t-- 7i7 is n m ?an #hj p]c5t ( ! area m$ian income2 or 7ii7 meets ! income eligibility requirem5ts = receiv+ assi/ance or b5efits "u a specifi$ program1 z def9$ 9 p>agraph 7#aa72 & 7,b7 :o is-- 7i7 an own] ( record z evid5c$ by a publicly record$ de$1 or o!r docum5t record$ by ! ,bureau ( ,indian ,affairs1 & occupies ! home on :i* repairs are to be conduct$ z _! pr9cipal resid5ce2 7ii7 an own]-occupant ( ! manufactur$ home on :i* repairs are to be conduct$2 or 7iii7 an own] :o c demon/rate an own]%ip int]e/ 9 ! prop]ty1 or tru/ l& leasehold1 on :i* repairs are to be conduct$1 includ+ a p]son :o has inh]it$ an int]e/ 9 t prop]ty4 7#d7 ,eligible l&lord ,! t]m eligible l&lord means an individual-- 7,a7 :o owns1 z det]m9$ by ! relevant implem5t+ organization1 few] ?an #aj eligible r5tal prop]ties1 ) a majority ( af=dable units & n m ?an #be total units1 op]at$ z prim>y resid5ces 9 :i* a majority own]%ip int]e/ is held by ! individual1 ! sp\se ( ! individual1 or ! dep5d5t *ildr5 ( ! individual1 or any closely held legal entity controll$ by ! individual1 ! sp\se ( ! individual1 or ! dep5d5t *ildr5 ( ! individual1 ei!r individually or collectively2 & 7,b7 :o agrees to ! provisions describ$ 9 subsection 7b77#c74 7#e7 ,eligible r5tal prop]ty ,! t]m eligible r5tal prop]ty means a resid5tial prop]ty t-- 7,a7 is leas$1 or (f]$ exclusively = lease1 z a prim>y resid5ce by an eligible l&lord2 & 7,b7 includes af=dable units4 7#f7 ,=givable loan ,! t]m =givable loan means a loan-- 7,a7 made to an eligible l&lord2 7,b7 t is secur$ by a li5 record$ aga9/ a resid5tial prop]ty2 & 7,c7 t may be =giv5 by ! implem5t+ organization n lat] ?an ! date t is #c ye>s aft] ! completion ( ! repairs if ! eligible l&lord has ma9ta9$ compliance ) ! loan agreem5t describ$ 9 subsection 7b77#c74 7#g7 ,implem5t+ organization ,! t]m implem5t+ organization-- 7,a7 means a unit ( g5]al local gov]nm5t or a ,/ate t-- 7i7 w adm9i/] a :ole-home repairs program ?r\gh an ag5cy1 dep>tm5t1 or o!r entity2 or 7ii7 ent] into agreem5ts ) #a or m local gov]nm5ts1 ,indian tribes1 municipal au?orities1 o!r gov]nm5tal au?orities1 includ+ a tribally designat$ h\s+ entity1 or qualifi$ nonpr(it organizations1 to adm9i/] a :ole-home repairs program z a subrecipi5t2 & 7,b7 does n include a r$undant entity 9 a jurisdiction already s]v$ by a grantee "u subsection 7b74 7#h7 ,indian tribe ,! t]m ,indian tribe has ! mean+ giv5 ! t]m 9 section #d ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc74 7#i7 ,qualifi$ nonpr(it ,! t]m qualifi$ nonpr(it means a nonpr(it organization t-- 7,a7 has receiv$ fund+1 z a recipi5t or subrecipi5t1 ?r\gh-- 7i7 ! ,community ,developm5t ,block ,grant program "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq472 7ii7 ! ,,home ,inve/m5t ,p>tn]%ips program "u subtitle ,a ( title ,,ii ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgda et seq472 7iii7 ! ,lead-,bas$ ,pa9t ,haz>d ,r$uction grant program "u section #ajaa ( ! ,resid5tial ,lead-,bas$ ,pa9t ,haz>d ,r$uction ,act ( #aiib 7#db ,u4,s4,c4 #dheb71 a grant "u ! ,heal?y ,homes ,initiative adm9i/]$ by ! ,secret>y pursuant to sections #eja & #ejb ( ! ,h\s+ & ,urban ,developm5t ,act ( #aigj 7#ab ,u4,s4,c4 #agjaz-#a1 #agjaz-#b71 or a grant "u ! ,old] ,adult ,home ,modification ,grants ,program au?oriz$ "u ! ,consolidat$ ,appropriations ,act1 #bjbd 7,public ,law #aah-db71 or any successor ,act1 to make safety & functional home modification repairs & r5ovations to meet ! ne$s ( l[-income s5iors to enable !m to rema9 9 _! prim>y resid5ce2 7iv7 ! ,self-,help & ,assi/$ ,home[n]%ip ,opportunity program au?oriz$ "u section #aa ( ! ,h\s+ ,opportunity ,program ,ext5sion ,act ( #aiif 7#db ,u4,s4,c4 #abhje note72 7v7 a rural h\s+ program "u title ,v ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adga et seq472 or 7vi7 ! ,neighborhood ,re9ve/m5t ,corporation e/abli%$ "u ! ,neighborhood ,re9ve/m5t ,corporation ,act 7#db ,u4,s4,c4 #haja et seq472 7,b7 has coord9at$1 p]=m$1 or o!rwise be5 engag$ 9 wea!rization1 lead rem$iation1 or home-repair "w = n less ?an #b ye>s2 7,c7 has be5 c]tifi$ by ! ,environm5tal ,protection ,ag5cy1 or by a ,/ate au?oriz$ by ! ,environm5tal ,protection ,ag5cy to adm9i/] a c]tification program1 z-- 7i7 eligible to c>ry out activities "u ! lead r5ovation1 repair1 & pa9t+ program "u section #djb7;c7 or #djd ( ! ,toxic ,sub/ances ,control ,act 7#ae ,u4,s4,c4 #bfhb7;c71 #bfhd72 or 7ii7 a ,home ,c]tification ,organization "u ! ,en]gy ,/> program e/abli%$ by section #cbd;,a ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbid;a7 or ! ,water,sense program "u section #cbd;,b ( t ,act 7#db ,u4,s4,c4 #fbid;b71 or recogniz$ or o!rwise approv$ by ! ,environm5tal ,protection ,ag5cy z a ,home ,c]tification ,organization "u ei!r ( ^? programs2 or 7,d7 is a community developm5t f9ancial in/itution1 z def9$ 9 section #ajc ( ! ,community ,developm5t ,bank+ & ,f9ancial ,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4 #dgjb74 7#aj7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7#aa7 ,specifi$ program ,= purposes ( p>agraph 7#c77;,a77ii71 ! t]m specifi$ program means any ( ! foll[+3 7,a7 ,! ,m$icaid program e/abli%$ "u title ,,xix ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acif et seq474 7,b7 ,! ,/ate ,*ildr5's ,heal? ,insurance ,program e/abli%$ "u title ,,xxi ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acig;aa et seq474 7,c7 ,! supplem5tal security income b5efits program e/abli%$ "u title ,,xvi ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acha et seq474 7,d7 ,! supplem5tal nutrition assi/ance program e/abli%$ "u ! ,food & ,nutrition ,act ( #bjjh 7#g ,u4,s4,c4 #bjaa et seq474 7,e7 ,! tempor>y assi/ance = ne$y families program e/abli%$ "u "p ,a ( title ,,iv ( ! ,social ,security ,act 7#db ,u4,s4,c4 #fja et seq474 7#ab7 ,/ate ,! t]m ,/ate means-- 7,a7 ea* ,/ate ( ! ,unit$ ,/ates2 7,b7 ! ,di/rict ( ,columbia2 7,c7 ! ,commonweal? ( ,pu]to ,rico2 7,d7 any t]ritory or possession ( ! ,unit$ ,/ates2 & 7,e7 an ,indian tribe4 7#ac7 ,tribally designat$ h\s+ entity ,! t]m tribally designat$ h\s+ entity has ! mean+ giv5 ! t]m 9 section #d ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc74 7#ad7 ,:ole-home repairs ,! t]m :ole-home repairs means modifications1 repairs1 or updates to home[n] or r5t]-occupi$ units to address-- 7,a7 physical & s5sory accessibility = individuals ) disabilities & old] adults1 su* z ba?room & kit*5 modifications1 in/allation ( grab b>s & h&rails1 gu>ds & gu>drails1 lift+ devices1 ramp additions or repairs1 sidewalk addition or repair1 or doorway or hallway wid5+2 7,b7 habitability & safety conc]ns1 su* z repairs ne$$ to ensure resid5tial units are fit = human habitation & free f defective conditions or heal? & safety haz>ds2 or 7,c7 en]gy & wat] effici5cy1 resili5ce1 & wea!rization4 7b7 ,pilot program 7#a7 ,e/abli%m5t ,!re is au?oriz$ a pilot program to provide grants to implem5t+ organizations to adm9i/] a :ole-home repairs program = eligible home[n]s & eligible l&lords4 7#b7 ,use ( funds ,an implem5t+ organization t receives a grant f appropriat$ funds made available = ?is subsection-- 7,a7 %all provide grants to eligible home[n]s to implem5t :ole-home repairs n cov]$ by o!r ,f$]al home repair programs up to a maximum am\nt p] unit1 :i* maximum am\nt %\ld-- 7i7 reflect local con/ruction co/s & ! level ( repairs ne$$ 9 ea* unit2 & 7ii7 be calculat$ & approv$ by ! ,secret>y2 7,b7 %all provide loans1 :i* may be =givable1 to eligible l&lords to implem5t :ole-home repairs n cov]$ by o!r ,f$]al home repair programs = individual af=dable units1 public & common use areas )9 ! prop]ty1 & common /ructural elem5ts up to a maximum am\nt p] unit1 area1 or elem5t1 z applicable1 :i* maximum am\nt %\ld-- 7i7 reflect local con/ruction co/s2 & 7ii7 be calculat$ & approv$ by ! ,secret>y2 7,c7 %all evaluate1 or provide assi/ance to eligible home[n]s & eligible l&lords to evaluate1 :ole-home repair program funds provid$ "u ?is subsection ) ,f$]al1 ,/ate1 ,tribal1 & local home repair programs to provide ! greate/ b5efit to ! greate/ numb] ( eligible l&lords & eligible home[n]s & avoid duplication ( b5efits & r$undancies = ! same home repairs2 7,d7 %all require t-- 7i7 all repairs fund$ or facilitat$ ?r\gh an aw>d "u ?is subsection h be5 complet$2 7ii7 if repairs are n complet$ & ! plan = :ole-home repairs is n updat$ to reflect ! new scope ( "w1 t ! loan or grant is repaid on a prorat$ basis bas$ on complet$ "w2 & 7iii7 any unus$ grant or loan balance is return$ to ! implem5t+ organization1 & is reus$ by ! implem5t+ organization = a new :ole-home repair grant or loan "u ?is subsection2 7,e7 may use n m ?an #e p]c5t ( ! aw>d$ funds to c>ry out relat$ functions1 includ+ work=ce tra9+ = home repair pr(essions1 :i* %all be relat$ to ef=ts to increase ! numb] ( home repairs p]=m$ & approv$ by ! ,secret>y2 7,f7 may use n m ?an #aj p]c5t ( ! aw>d$ funds = adm9i/rative exp5ses2 7,g7 %all comply ) ,f$]al accessibility requirem5ts & /&>ds "u applicable ,f$]al fair h\s+ & civil rights laws & regulations1 includ+ section #ejd ( ! ,rehabilitation ,act ( #aigc 7#bi ,u4,s4,c4 #gid72 & 7,h7 %all ensure t r5tal prop]ties assi/$ "u subp>agraph 7,b7 %all be treat$ z projects assi/$ "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq474 7#c7 ,loan agreem5t ,9 a loan agreem5t ) an eligible l&lord "u ?is subsection1 an implem5t+ organization %all include provisions e/abli%+ t ! eligible l&lord %all1 = ea* eligible r5tal prop]ty = :i* a loan is us$ to fund repairs "u ?is subsection-- 7,a7 comply ) ,f$]al accessibility requirem5ts & /&>ds "u applicable ,f$]al fair h\s+ & civil rights laws & regulations1 includ+ section #ejd ( ! ,rehabilitation ,act ( #aigc 7#bi ,u4,s4,c4 #gid72 & 7,b7 7i7 if ! l&lord is r5t+ ! assi/$ units available 9 ! eligible r5tal prop]ty to t5ants receiv+ t5ant-bas$ r5tal assi/ance "u section #h7o7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o771 "u ano!r t5ant-bas$ r5tal assi/ance program adm9i/]$ by ! ,secret>y or ! ,secret>y ( ,agriculture1 or "u a t5ant-bas$ r5tal subsidy provid$ by a ,/ate or local gov]nm5t1 comply ) ! program requirem5ts "u ! relevant t5ant-bas$ r5tal assi/ance program2 or 7ii7 if ! eligible l&lord is n r5t+ to t5ants receiv+ r5tal-bas$ assi/ance z describ$ 9 clause 7i7-- 7,i7 7aa7 (f] to ext5d ! lease ( curr5t t5ants on curr5t t]ms1 o!r ?an ! t]ms describ$ 9 subclause 7iv7 = n less ?an #c ye>s beg9n+ aft] ! completion ( ! repairs1 unless ! lease is t]m9at$ due to failure to pay r5t1 p]=mance ( an illegal act )9 ! r5tal unit1 or a violation ( an obligation ( t5ancy t ! t5ants fail$ to correct aft] notice2 & 7bb7 if ! t5ant ( an assi/$ unit moves out ( ! assi/$ unit at any po9t 9 ! #c-ye> p]iod foll[+ ! loan agreem5t1 ma9ta9 ! unit z an af=dable unit = ! rema9d] ( ! #c-ye> p]iod2 7,,ii7 provide docum5tation v]ify+ t ! prop]ty1 ^u completion ( approv$ r5ovations1 has met all applicable ,/ate & local h\s+ & build+ codes2 7,,iii7 atte/ t ! l&lord has no kn[n s]i\s violations ( r5t] protections t h result$ 9 f9es1 p5alties1 or judgm5ts dur+ ! prec$+ #aj ye>s2 & 7,,iv7 cap annual r5t increases = ea* assi/$ unit at #e p]c5t ( base r5t or at ! rate ( inflation1 :i*ev] is l[]1 = n less ?an #c ye>s beg9n+ aft] ! completion ( ! repairs4 7#d7 ,application 7,a7 ,9 g5]al ,an implem5t+ organization desir+ an aw>d "u ?is subsection %all submit to ! ,secret>y an application t includes-- 7i7 ! geographic scope ( ! :ole-home repairs program to be adm9i/]$ by ! implem5t+ organization1 includ+ ! plan to address ne$ 9 any rural1 ,tribal1 suburban1 or urban area )9 a jurisdiction2 7ii7 a plan = select+ subrecipi5ts1 if applicable2 7iii7 a description ( h[ ! implem5t+ organization plans to execute ! coord9ation ( ,f$]al1 ,/ate1 ,tribal1 & local home repair programs1 includ+ programs adm9i/]$ by ! ,dep>tm5t ( ,en]gy1 ! ,dep>tm5t ( ! ,int]ior1 ! ,dep>tm5t ( ,vet]an ,affairs1 or ! ,dep>tm5t ( ,agriculture1 to increase effici5cy & r$uce r$undancy2 7iv7 available data on ! ne$ = af=dable & quality h\s+ )9 ! geographic scope ( ! :ole-home repairs program1 & any plans to pres]ve af=dability ?r\gh ! t]m ( ! aw>d2 7v7 a description ( h[ ! implem5t+ organization plans to process & v]ify applications = grants f eligible home[n]s & applications = loans f eligible l&lords2 & 7vi7 su* o!r in=mation z ! ,secret>y requires to det]m9e ! ability ( an applicant to c>ry out a program "u ?is subsection4 7,b7 ,consid]ations ,9 mak+ aw>ds "u ?is subsection1 ! ,secret>y %all-- 7i7 ) respect to applications submitt$ by ,/ates o!r ?an ! ,di/rict ( ,columbia & ! t]ritories ( ! ,unit$ ,/ates1 prioritize ^? applications ) a demon/rat$ plan to-- 7,i7 make a good-fai? ef=t to implem5t ! pilot program 9 e jurisdiction2 & 7,,ii7 provide non-metropolitan areas1 or subrecipi5ts s]v+ non-metropolitan areas if applicable1 ) a %>e ( total funds comm5surate ) _! population2 7ii7 aim to select applicants s t ! aw>dees collectively span div]se geographies1 ) an int5t to und]/& ! impact ( ! pilot program "u ?is subsection 9 urban1 suburban1 rural1 & ,tribal sett+s2 & 7iii7 n disqualify implem5t+ organizations t 7 aw>d$ grants "u ! pilot program 9 prior application cycles4 7#e7 ,program in=mation ,! ,secret>y %all make available to grant recipi5ts "u ?is subsection in=mation reg>d+ exi/+ ,f$]al programs = :i* grant recipi5ts may coord9ate or provide assi/ance 9 coord9at+ applications = ^? programs 9 accordance ) p>agraph 7#b77;,c74 7#f7 ,grant numb] ,9 ea* ye> 9 :i* an aw>d is made "u ?is subsection1 ! ,secret>y %all aw>d assi/ance to-- 7,a7 n less ?an #b1 & n m ?an #aj1 implem5t+ organizations1 z application numb]s & fund+ p]mit2 & 7,b7 n m ?an #a implem5t+ organization 9 any ,/ate4 7#g7 ,loans t are n =giv5 ,if a loan made by an implem5t+ organization "u p>agraph 7#b77;,b7 is n =giv51 ! loan repaym5t funds %all be reus$ by ! implem5t+ organization = a new :ole-home repair grant or loan "u ?is subsection1 :i* %all rema9 subject to ! orig9al t]ms ( ! assi/ance aw>d$ "u ?is subsection4 7#h7 ,supplem5t1 n supplant ,am\nts aw>d$ "u ?is subsection to implem5t+ organizations %all supplem5t1 n supplant1 o!r ,f$]al1 ,/ate1 ,tribal1 & local funds made available to ^? entities4 7#i7 ,/reaml9+ program deliv]y & ensur+ effici5cy ,to ! ext5t possible1 9 c>ry+ out ! pilot program "u ?is subsection1 ! ,secret>y %all-- 7,a7 endeavor to improve effici5cy ( s]vice deliv]y1 z well z ! exp]i5ce ( & impact on ! taxpay]1 by enc\rag+ programmatic collaboration & in=mation %>+ across ,f$]al1 ,/ate1 ,tribal1 & local programs = home repair or improvem5t1 includ+ programs adm9i/]$ by ! ,dep>tm5t ( ,agriculture1 ! ,dep>tm5t ( ! ,int]ior1 ! ,dep>tm5t ( ,vet]ans ,affairs1 or ! ,dep>tm5t ( ,en]gy2 & 7,b7 enhance collaboration & cross-ag5cy /reaml9+ ef=ts t r$uce ! burd5 ( multiple income v]ification processes & applications on ! eligible home[n]1 ! eligible l&lord1 ! implem5t+ organization1 & ! ,f$]al ,gov]nm5t1 includ+ by e/abli%+ assi/ance application proc$ures = income eligibility "u ?is subsection t recognize income eligibility det]m9ations = assi/ance us+ any ( ! crit]ia "u subsection 7a77#c77;,a7 t h be5 us$ = assi/ance applications dur+ ! #a-ye> p]iod prec$+ ! date on :i* an eligible home[n] or eligible l&lord applies = assi/ance "u ?is subsection4 7#aj7 ,report+ requirem5ts 7,a7 ,annual report ,an implem5t+ organization t receives a grant "u ?is subsection %all submit to ! ,secret>y an annual report on initial fund+ t includes-- 7i7 ! numb] ( units s]v$1 includ+ report+ on bo? home[n]%ip & r5tal units1 z well z accessible units2 7ii7 ! av]age co/ p] unit = modifications or repairs & ! nature ( ^? modifications or repairs1 includ+ report+ on accessibility 9 bo? home[n]%ip & r5tal units2 7iii7 ! numb] ( applications receiv$1 s]v$1 d5i$1 or n complet$1 disaggregat$ by geographic area2 7iv7 ! aggregat$ demographic data ( grant recipi5ts1 :i* may include data on income range1 urban1 suburban1 & rural resid5cy1 age1 & racial & e?nic id5tity2 7v7 ! aggregat$ demographic data ( loan recipi5ts1 :i* may include data on income range1 urban1 suburban1 & rural resid5cy1 age1 & racial & e?nic id5tity2 7vi7 an affirmation t ! implem5tation organization has compli$ ) ! applicable regulations1 includ+ compliance ) ,f$]al accessibility requirem5ts2 7vii7 9 ! fir/ ye> ( receiv+ a grant1 & z c]tifi$ 9 subsequ5t reports1 a compreh5sive plan to prev5t wa/e1 fraud1 & abuse 9 ! adm9i/ration ( ! pilot program1 :i* %all include1 at a m9imum-- 7,i7 a policy enact$ & en=c$ by ! implem5t+ organization to monitor ongo+ exp5ditures "u ?is subsection & ensure compliance ) applicable regulations2 7,,ii7 a policy enact$ & en=c$ by ! implem5t+ organization to detect & det] fraudul5t activity1 includ+ fraud occurr+ 9 individual projects & patt]ns ( fraud by p>ties involv$ 9 ! exp5diture ( funds "u ?is subsection2 7,,iii7 a /atem5t sett+ =? any violations detect$ by ! implem5t+ organization dur+ ! previ\s cal5d> ye>1 includ+ details ab\t /eps tak5 to a*ieve compliance & any rem$ial measures2 & 7,,iv7 a c]tification by ! *ief executive or mo/ s5ior compliance (fic] ( ! organization t ! organization ma9ta9s suffici5t /aff & res\rces to effectively c>ry out ! above-m5tion$ policies2 & 7viii7 su* o!r in=mation z ! ,secret>y may require4 7,b7 ,report+ requirem5t alignm5t ,to limit ! co/s ( implem5t+ ! pilot program "u ?is subsection1 ! ,secret>y %all endeavor1 to ! ext5t possible1 to /ructure report+ requirem5ts su* t !y align ) ! data report+ requirem5ts 9 place = fund+ /reams t implem5t+ organizations are likely to use toge!r ) fund+ f ?is subsection1 includ+ ! report+ requirem5ts "u-- 7i7 ! ,community ,developm5t ,block ,grant program "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq472 7ii7 ! ,,home ,inve/m5t ,p>tn]%ips program "u subtitle ,a ( title ,,ii ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgda et seq472 7iii7 ! ,wea!rization ,assi/ance ,program = l[-income p]sons e/abli%$ "u "p ,a ( title ,,iv ( ! ,en]gy ,cons]vation & ,production ,act 7#db ,u4,s4,c4 #fhfa et seq472 & 7iv7 ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #daja et seq474 7,c7 ,pilot program p]iod reports ,n less frequ5tly ?an twice dur+ ! p]iod 9 :i* ! pilot program e/abli%$ "u ?is subsection op]ates1 ! ,(fice ( ,inspector ,g5]al ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t %all complete an assessm5t ( ! implem5tation ( measures to ensure ! fair & legitimate use ( ! pilot program4 7,d7 ,summ>y to ,congress ,! ,secret>y %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives an annual report provid+ a summ>y ( ! data provid$ "u subp>agraphs 7,a7 & 7,c7 dur+ ! #a-ye> p]iod prec$+ ! report & all data previ\sly provid$ "u ^? subp>agraphs4 7#aa7 ,environm5tal review ,a grant "u ?is subsection %all be-- 7,a7 treat$ z assi/ance = a special project = purposes ( section #cje7;c7 ( ! ,multifamily ,h\s+ ,prop]ty ,disposition ,re=m ,act ( #aiid 7#db ,u4,s4,c4 #cedg72 & 7,b7 subject to ! regulations promulgat$ by ! ,secret>y to implem5t su* section4 7#ab7 ,t]m9ation ,! pilot program e/abli%$ "u ?is subsection %all t]m9ate on ,octob] #a1 #bjca4 #bjd4 ,community ,inve/m5t & ,prosp]ity ,act 7a7 ,revis$ ,/atutes ,! p>agraph designat$ z ! ,elev5? ( section #eacf ( ! ,revis$ ,/atutes ( ! ,unit$ ,/ates 7#ab ,u4,s4,c4 #bd7 is am5d$1 9 ! fif? s5t5ce1 by /rik+ #ae ea* place ! t]m appe>s & ins]t+ #bj4 7b7 ,f$]al ,res]ve ,act ,section #i7bc7 ( ! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #cch;a7 is am5d$1 9 ! fif? s5t5ce1 by /rik+ #ae ea* place ! t]m appe>s & ins]t+ #bj4 #bje4 ,build ,n[ ,act 7a7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ recipi5t ,! t]m cov]$ recipi5t means a metropolitan city or urban c\nty1 z ^? t]ms are def9$ 9 section #ajb ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb71 t receives funds "u section #ajf4 7#b7 ,curr5t annual gr[? rate ,! t]m curr5t annual gr[? rate1 ) respect to an eligible recipi5t & a fiscal ye>1 means ! av]age annual p]c5tage increase 9 ! numb] ( h\s+ units 9 ! jurisdiction ( ! eligible recipi5t1 z calculat$ by ! ,secret>y1 dur+ ! p]iod-- 7,a7 beg9n+ ) ! ?ird qu>t] ( ! six? prec$+ fiscal ye>2 & 7,b7 end+ ) ! ?ird qu>t] ( ! prec$+ fiscal ye>4 7#c7 ,eligible recipi5t ,! t]m eligible recipi5t means any cov]$ recipi5t unless-- 7,a7 7i7 ! m$ian ,small ,area ,fair ,m>ket ,r5t 9 ! jurisdiction ( ! cov]$ recipi5t is at or bel[ ! #fj? p]c5tile ( m$ian ,small ,area ,fair ,m>ket ,r5ts 9 ! jurisdictions ( all cov]$ recipi5ts2 & 7ii7 ! m$ian home value 9 ! jurisdiction ( ! cov]$ recipi5t is bel[ ! m$ian home value = ! ,unit$ ,/ates2 7,b7 ! annual r5tal vacancy rate 9 ! jurisdiction ( ! cov]$ recipi5t is great] ?an ! national annual r5tal vacancy rate = ! mo/ rec5t ye> available1 z publi%$ by ! ,bureau ( ! ,c5sus2 7,c7 dur+ ! #a-ye> p]iod prec$+ ! date on :i* ! ,secret>y allocates funds "u section #ajf1 ! jurisdiction ( ! cov]$ recipi5t has be5 ! subject ( a major disa/] or em]g5cy decl>ation "u section #dja or #eja1 respectively1 ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj1 #eaia72 or 7,d7 ! cov]$ recipi5t lacks ! legal au?ority to enact or update zon+ & p]mitt+ ord9ances4 7#d7 ,extremely high-gr[? recipi5t ,! t]m extremely high-gr[? recipi5t means an eligible recipi5t = :i* ! curr5t annual gr[? rate is at or above #d p]c5t4 7#e7 ,h\s+ gr[? improvem5t rate ,! t]m h\s+ gr[? improvem5t rate1 ) respect to an eligible recipi5t & a fiscal ye>1 means ! quoti5t (-- 7,a7 7i7 ! curr5t annual gr[? rate ( ! eligible recipi5t1 m9us 7ii7 ! prior annual gr[? rate ( ! eligible recipi5t2 & 7,b7 ! sum obta9$ by add+ ! absolute values ( ! curr5t annual gr[? rate & ! prior annual gr[? rate ( ! eligible recipi5t4 7#f7 ,prior annual gr[? rate ,! t]m prior annual gr[? rate1 ) respect to an eligible recipi5t & a fiscal ye>1 means ! av]age annual p]c5tage increase 9 ! numb] ( h\s+ units 9 ! jurisdiction ( ! eligible recipi5t1 z calculat$ by ! ,secret>y1 dur+ ! p]iod-- 7,a7 beg9n+ ) ! ?ird qu>t] ( ! #aa? prec$+ fiscal ye>2 & 7,b7 end+ ) ! ?ird qu>t] ( ! six? prec$+ fiscal ye>4 7#g7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7#h7 ,section #ajf ,! t]m section #ajf means section #ajf ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjf74 7b7 ,adju/m5ts to community developm5t block grant allocations 7#a7 ,9 g5]al ,9 allocat+ am\nts to an eligible recipi5t "u section #ajf = a fiscal ye>1 ! ,secret>y %all adju/ ! allocation bas$ on ! h\s+ gr[? improvem5t rate ( ! eligible recipi5t1 9 accordance ) p>agraph 7#b7 ( ?is subsection4 7#b7 ,adju/m5ts 7,a7 ,h\s+ gr[? improvem5t rate at or above m$ian2 extremely high-gr[? recipi5ts 7i7 ,9 g5]al ,if1 ) respect to a fiscal ye> = :i* ! allocation "u section #ajf is be+ det]m9$1 ! h\s+ gr[? improvem5t rate = an eligible recipi5t is at or above ! m$ian h\s+ gr[? improvem5t rate = all eligible recipi5ts o!r ?an extremely high-gr[? recipi5ts1 or if an eligible recipi5t is an extremely high-gr[? recipi5t1 ! ,secret>y %all allocate to ! eligible recipi5t = t fiscal ye>1 9 addition to ! am\nt t w\ld o!rwise be allocat$ to ! eligible recipi5t "u section #ajf1 a bonus am\nt1 z det]m9$ "u clause 7ii7 ( ?is subp>agraph4 7ii7 ,bonus am\nt ,= purposes ( clause 7i71 ! bonus am\nt = an eligible recipi5t = a fiscal ye> %all be equal to ! product (-- 7,i7 ! aggregate am\nt by :i* allocations to eligible recipi5ts are decreas$ "u subp>agraph 7,b7 = t fiscal ye>2 & 7,,ii7 ! quoti5t (-- 7aa7 ! numb] ( h\s+ units1 z ( ! ?ird qu>t] ( ! prec$+ fiscal ye>1 9 ! jurisdiction ( ! eligible recipi5t1 z calculat$ by ! ,secret>y2 & 7bb7 ! numb] ( h\s+ units1 z ( ! ?ird qu>t] ( ! prec$+ fiscal ye>1 9 ! jurisdictions ( all eligible recipi5ts t receive a bonus am\nt "u ?is p>agraph1 z calculat$ by ! ,secret>y4 7,b7 ,h\s+ gr[? improvem5t rate bel[ m$ian ,if1 ) respect to a fiscal ye> = :i* ! allocation "u section #ajf is be+ det]m9$1 ! h\s+ gr[? improvem5t rate = an eligible recipi5t is bel[ ! m$ian h\s+ gr[? improvem5t rate = all eligible recipi5ts o!r ?an high-gr[? outli]s1 ! ,secret>y %all decrease ! am\nt t w\ld o!rwise be allocat$ to ! eligible recipi5t "u section #ajf = t fiscal ye> by #aj p]c5t4 7c7 ,calculation ( h\s+ units 7#a7 ,h\s+ & ,urban ,developm5t requirem5ts ,9 calculat+ ! numb] ( h\s+ units 9 ! jurisdiction ( an eligible recipi5t "u any provision ( ?is section1 ! ,secret>y %all-- 7,a7 use ! ,curr5t ,address ,c\nt ,li/+ ,files & o!r data products1 z ne$$1 ( ! ,bureau ( ! ,c5sus tabulat$ f ! ,ma/] ,address ,file2 & 7,b7 make calculations at ! block level1 us+ b\nd>ies t reflect ! mo/ curr5t b\nd>ies4 7#b7 ,c5sus ,bureau & ,po/al ,s]vice requirem5ts ,! ,bureau ( ! ,c5sus & ! ,unit$ ,/ates ,po/al ,s]vice %all provide any relevant data to ! ,secret>y ^u reque/ to assi/ ! ,secret>y 9 mak+ a calculation describ$ 9 p>agraph 7#a74 7#c7 ,adju/m5t ( calculation p]iods ,! ,secret>y may adju/ ! calculation p]iods "u subp>agraphs 7,a7 & 7,b7 ( subsection 7a77#b71 subp>agraphs 7,a7 & 7,b7 ( subsection 7a77#f71 & items 7aa7 & 7bb7 ( subsection 7b77#b77;,a77ii77,,ii7 by n m ?an #b mon?s to a*ieve alignm5t ) ! data provid$ by ! ,bureau ( ! ,c5sus4 7d7 ,annual report on h\s+ gr[? improvem5t rate ,be=e allocat+ funds "u section #ajf = a fiscal ye>1 ! ,secret>y %all publi% a report t-- 7#a7 includes ! h\s+ gr[? improvem5t rate = ea* eligible recipi5t2 & 7#b7 li/s1 = ! mo/ rec5t fiscal ye> = :i* allocations 7 made "u section #ajf-- 7,a7 ! eligible recipi5ts t receiv$ a bonus am\nt "u subsection 7b77#b77;,a72 & 7,b7 ! eligible recipi5ts = :i* ! allocation "u section #ajf 0 decreas$ "u subsection 7b77#b77;,b7 ( ?is section4 7e7 ,notification2 implem5tation dates 7#a7 ,notification 7,a7 ,9 g5]al ,n lat] ?an #fj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all notify ea* eligible recipi5t ( ! recipi5t's h\s+ gr[? improvem5t rate & :e!r t h\s+ gr[? improvem5t rate is above1 at1 or bel[ ! m$ian h\s+ gr[? improvem5t rate = all eligible recipi5ts o!r ?an extremely high-gr[? recipi5ts4 7,b7 ,guidance ,z "p ( ! notification "u subp>agraph 7,a71 ! ,secret>y %all %>e guidance1 includ+ res\rces develop$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 on be/ practices & recomm5dations = policies to r$uce regulatory b>ri]s to h\s+ & increase h\s+ supply4 7#b7 ,implem5tation dates ,subsection 7b7 %all take effect beg9n+ ) ! ?ird full fiscal ye> aft] ! date ( enactm5t ( ?is ,act & rema9 9 effect ?r\gh fiscal ye> #bjdc4 7#c7 ,no effect on previ\s appropriations ,?is section %all n apply to am\nts appropriat$ be=e ! date ( enactm5t ( ?is ,act4 #bjf4 ,addition ( af=dable h\s+ con/ruction z an eligible activity 7a7 ,eligible activity ,section #aje7;a7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecje7;a77 is am5d$-- 7#a7 9 p>agraph 7#be77;,d71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#bf71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7#bg7 ! new con/ruction ( af=dable h\s+1 )9 ! mean+ giv5 su* t]m "u section #bae ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgde71 & :i* %all n exce$ #bj p]c5t ( ! am\nts allocat$ to ! recipi5t4 4 7b7 ,l[- & mod]ate-income requirem5t ,section #aje7;c77#c7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecje7;c77#c77 is am5d$ by /rik+ or rehabilitation & ins]t+ 1 rehabilitation1 or new con/ruction4 7c7 ,applicability ,! am5dm5ts made by ?is section %all apply ) respect only to am\nts appropriat$ aft] ! date ( enactm5t ( ?is ,act4 #bjg4 ,bett] ,use ( ,int]gov]nm5tal & ,local ,developm5t 7,,build7 ,h\s+ ,act 7a7 ,designation ( environm5tal review proc$ure ,! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,act 7#db ,u4,s4,c4 #ceca et seq47 is am5d$ by ins]t+ aft] section #ab 7#db ,u4,s4,c4 #cecg;a7 ! foll[+3 #ac4 ,designation ( environm5tal review proc$ure 7a7 ,9 g5]al ,except z provid$ 9 subsection 7b71 ! ,secret>y may1 = purposes ( environm5tal review1 decision mak+1 & action pursuant to ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dcba et seq471 & o!r provisions ( law t fur!r ! purposes ( su* ,act1 designate ! treatm5t ( assi/ance adm9i/]$ by ! ,secret>y z funds = a special project = purposes ( section #cje7;c7 ( ! ,multifamily ,h\s+ ,prop]ty ,disposition ,re=m ,act ( #aiid 7#db ,u4,s4,c4 #cedg74 7b7 ,exception ,! designation describ$ 9 subsection 7a7 %all n apply to assi/ance = :i* a proc$ure = c>ry+ out ! responsibilities ( ! ,secret>y "u ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dcba et seq471 & o!r provisions ( law t fur!r ! purposes ( su* ,act1 is o!rwise specifi$ 9 law4 4 7b7 ,tribal assumption ( environm5tal review obligations ,section #cje7;c7 ( ! ,multifamily ,h\s+ ,prop]ty ,disposition ,re=m ,act ( #aiid 7#db ,u4,s4,c4 #cedg7 is am5d$-- 7#a7 by /rik+ ,/ate or unit ( g5]al local gov]nm5t ea* place x appe>s & ins]t+ ,/ate1 ,indian tribe1 or unit ( g5]al local gov]nm5t2 7#b7 9 p>agraph 7#a77;,c71 9 ! head+1 by /rik+ ,/ate or unit ( g5]al local gov]nm5t & ins]t+ ,/ate1 ,indian tribe1 or unit ( g5]al local gov]nm5t2 & 7#c7 by add+ at ! end ! foll[+3 7#e7 ,def9ition ( ,indian tribe ,= purposes ( ?is subsection1 ! t]m ,indian tribe means a f$]ally recogniz$ tribe1 z def9$ 9 section #d7ac77;,b7 ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc7ac77;,b774 4 7c7 ,implem5tation 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 a designation ( assi/ance "u section #ac ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,act1 z add$ by subsection 7a71 %all only apply ) respect to funds appropriat$ aft] ! date ( enactm5t ( ?is ,act4 7#b7 ,exception ,if a grantee ( assi/ance adm9i/]$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t comb9es funds appropriat$ be=e & aft] ! date ( enactm5t ( ?is ,act to c>ry out a project1 section #ac ( ! ,dep>tm5t ( & ,urban ,developm5t ,act1 z add$ by subsection 7a71 %all n apply to t assi/ance4 #bjh4 ,unlock+ ,h\s+ ,supply ,?r\gh ,/reaml9$ & ,mod]niz$ ,reviews ,act 7a7 ,def9itions ,9 ?is section3 7#a7 ,infill project ,! t]m infill project means a project t-- 7,a7 occurs )9 ! geographic limits ( a municipality2 7,b7 is adequately s]v$ by exi/+ utilities & public s]vices z requir$ "u applicable law2 7,c7 is locat$ on a site ( previ\sly di/urb$ l& ( n m ?an #e acres & sub/antially surr\nd$ by resid5tial or comm]cial developm5t2 7,d7 w repurpose a vacant or und]utiliz$ p>cel ( l&1 or a dilapidat$ or ab&on$ /ructure2 & 7,e7 w s]ve a resid5tial or comm]cial purpose4 7#b7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,,nepa /reaml9+ = ,,hud h\s+-relat$ activities 7#a7 ,9 g5]al ,! ,secret>y %all1 9 accordance ) section #eec ( title #e1 ,unit$ ,/ates ,code1 & section #ajc ( ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dccc71 exp& & reclassify h\s+-relat$ activities "u ! necess>y adm9i/rative regulations z foll[s3 7,a7 ,! foll[+ h\s+-relat$ activities %all be subject to regulations equival5t or sub/antially simil> to ! regulations entitl$ exempt activities z set =? 9 section #eh4cd ( title #bd1 ,code ( ,f$]al ,regulations1 z 9 effect on ,janu>y #a1 #bjbe3 7i7 ,t5ant-bas$ r5tal assi/ance4 7ii7 ,supportive s]vices1 includ+ heal? c>e1 h\s+ s]vices1 p]man5t h\s+ placem5t1 day c>e1 nutritional s]vices1 %ort-t]m paym5ts = r5t1 mortgage1 or utility co/s1 & assi/ance 9 ga9+ access to ,f$]al ,gov]nm5t & ,/ate & local gov]nm5t b5efits & s]vices4 7iii7 ,op]at+ co/s1 includ+ ma9t5ance1 security1 op]ation1 utilities1 furni%+s1 equipm5t1 supplies1 /aff tra9+1 & recruitm5t & o!r incid5tal co/s4 7iv7 ,economic developm5t activities1 includ+ equipm5t pur*ases1 inv5tory f9anc+1 int]e/ subsidies1 op]at+ exp5ses1 & simil> co/s n associat$ ) con/ruction or expansion ( exi/+ op]ations4 7v7 ,activities to assi/ homebuy]s 9 ! pur*ase ( exi/+ dwell+ units or dwell+ units "u con/ruction1 includ+ clos+ co/s & d[n paym5t assi/ance1 int]e/ rate buyd[ns1 & simil> activities t result 9 ! transf] ( title4 7vi7 ,af=dable h\s+ pre-developm5t co/s relat$ to obta9+ site options1 project f9anc+1 adm9i/rative co/s & fees = loan commitm5t1 zon+ approvals1 & o!r relat$ activities t d n h a physical impact4 7vii7 ,approval ( supplem5tal assi/ance1 includ+ insurance or gu>antee1 to a project previ\sly approv$ by ! ,secret>y4 7viii7 ,em]g5cy home[n] or r5t] assi/ance = ! repair or replacem5t ( ,,hvac1 hot wat] heat]s1 & o!r necess>y exi/+ utilities requir$ "u applicable law4 7,b7 ,! foll[+ h\s+-relat$ activities %all be subject to regulations equival5t or sub/antially simil> to ! regulations entitl$1 7i7 categorical exclusions n subject to section #eh4e & 7ii7 categorical exclusions n subject to ! ,f$]al laws & au?orities cit$ 9 section #ej4d 9 section #eh4ce7;b7 & section #ej4ai1 respectively ( title #bd1 ,code ( ,f$]al ,regulations1 z 9 effect on ,janu>y #a1 #bjbe1 if su* activities d n mat]ially alt] environm5tal conditions & d n mat]ially exce$ ! orig9al scope ( ! project3 7i7 ,acquisition1 repair1 improvem5t1 recon/ruction1 or rehabilitation ( public facilities & improvem5ts 7o!r ?an build+s7 if ! facilities & improvem5ts are 9 place & w be reta9$ 9 ! same use )\t *ange 9 size or capacity ( m ?an #bj p]c5t1 includ+ replacem5t ( wat] or sew] l9es1 recon/ruction ( curbs & sidewalks1 & repav+ ( /reets4 7ii7 ,rehabilitation ( #a-to-#d unit resid5tial build+s1 & exi/+ h\s+-relat$ infra/ructure1 su* z repairs or rehabilitation ( exi/+ wells1 septics1 or utility l9es t connect to t h\s+4 7iii7 ,new con/ruction1 developm5t1 demolition1 acquisition1 or disposition ( up to #d scatt]$ site exi/+ dwell+ units :]e !re is a maximum ( #d units on any #a site4 7iv7 ,acquisitions 7includ+ leas+7 (1 disposition (1 or equity loans on an exi/+ /ructure1 or acquisition 7includ+ leas+7 ( vacant l& if ! /ructure or l& acquir$1 f9anc$1 or dispos$ ( w be reta9$ = ! same use4 7,c7 ,! foll[+ h\s+-relat$ activities %all be subject to regulations equival5t or sub/antially simil> to ! regulations entitl$1 7i7 categorical exclusions subject to section #eh4e & 7ii7 categorical exclusions subject to ! ,f$]al laws & au?orities cit$ 9 section #ej4d 9 section #eh4ce7;a7 & section #ej4bj1 respectively1 ( title #bd1 ,code ( ,f$]al ,regulations1 z 9 effect on ,janu>y #a1 #bjbe1 if su* activities d n mat]ially alt] environm5tal conditions & d n mat]ially exce$ ! orig9al scope ( ! project3 7i7 ,acquisitions ( op5 space or resid5tial prop]ty1 :]e su* prop]ty w be reta9$ = ! same use or w be conv]t$ to op5 space to help resid5ts relocate out ( an area designat$ z a high-risk area by ! ,secret>y4 7ii7 ,conv]sion ( exi/+ (fice build+s into resid5tial developm5t1 subject to-- 7,i7 a maximum numb] ( units to be det]m9$ by ! ,secret>y2 & 7,,ii7 a limitation on ! *ange 9 build+ size ( n m ?an #bj p]c5t4 7iii7 ,new con/ruction1 developm5t1 demolition1 acquisition1 or disposition ( #e to #ae dwell+ units :]e !re is a maximum ( #ae units on any #a site4 ,! units c be #ae #a-unit build+s or #a #ae-unit build+1 or any comb9ation 9 betwe54 7iv7 ,new con/ruction1 developm5t1 demolition1 acquisition1 or disposition ( #ae or m h\s+ units develop$ on scatt]$ sites :5 !re are n m ?an #ae h\s+ units on any #a site1 & ! sites are m ?an a set numb] ( feet ap>t z det]m9$ by ! ,secret>y4 7v7 ,rehabilitation ( build+s & improvem5ts 9 ! case ( a build+ = resid5tial use ) #e to #ae units1 if ! d5sity is n increas$ beyond #ae units & ! l& use is n *ang$4 7vi7 ,infill projects consi/+ ( new con/ruction1 rehabilitation1 or developm5t ( resid5tial h\s+ units4 7vii7 ,! volunt>y acquisition ( prop]ties-- 7,i7 locat$ 9-- 7aa7 a floodway2 7bb7 a floodpla92 or 7cc7 any o!r area1 cle>ly del9eat$ by ! grantee2 & 7,,ii7 t h be5 impact$ by a pr$ictable environm5tal ?reat to ! safety & well-be+ ( program b5efici>ies caus$ or exac]bat$ by a f$]ally decl>$ disa/]4 7c7 ,implem5tation ,= purposes ( implem5t+ ! /reaml9+ ( environm5tal review = h\s+-relat$ activities "u subsection 7b71 ! ag5cy actions c>ri$ out "u t subsection-- 7#a7 %all only apply ) respect to funds appropriat$ aft] ! effective date ( ^? actions2 & 7#b7 %all n apply ) respect to a grantee t comb9es funds appropriat$ be=e & aft] ! effective date ( ^? actions to c>ry out a project4 7d7 ,report ,! ,secret>y %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives an annual report dur+ ! #e-ye> p]iod beg9n+ on ! date t is #b ye>s aft] ! date ( enactm5t ( ?is ,act t provides a summ>y ( f9d+s ( r$uctions 9 review times & adm9i/rative co/ r$uction1 ) a p>ticul> focus on ! af=dable h\s+ sector1 z a result ( ! actions set =? 9 ?is section1 & any recomm5dations ( ! ,secret>y = future congressional action ) respect to revis+ categorical exclusions or exemptions "u title #bd1 ,code ( ,f$]al ,regulations4 #bji4 ,grants = plann+ & implem5tation associat$ ) af=dable h\s+ 7a7 ,def9itions ,9 ?is section3 7#a7 ,eligible entity ,! t]m eligible entity means-- 7,a7 a ,/ate1 insul> area1 metropolitan city1 or urban c\nty1 z ^? t]ms are def9$ 9 section #ajb ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb72 or 7,b7 a regional plann+ ag5cy or consortia ( regional plann+ ag5cies4 7#b7 ,h\s+ plan ,! t]m h\s+ plan means a plan to1 ) respect to an area )9 ! jurisdiction ( an eligible entity-- 7,a7 increase ! am\nt ( available h\s+ to meet ! dem& = su* h\s+ & any project$ increase 9 ! dem& = su* h\s+2 7,b7 increase ! af=dability ( h\s+2 7,c7 increase ! accessibility ( h\s+ = p ) disabilities1 includ+ location-effici5t h\s+2 7,d7 pres]ve or improve ! quality ( h\s+2 7,e7 r$uce b>ri]s to h\s+ developm5t2 & 7,f7 coord9ate ) transportation-relat$ ag5cies4 7#c7 ,h\s+ /rategy ,! t]m h\s+ /rategy means a h\s+ /rategy requir$ "u section #aje ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgje74 7#d7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,e/abli%m5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all e/abli% a program to aw>d grants on a competitive basis to eligible entities to assi/ plann+ & implem5tation activities associat$ ) af=dable h\s+1 except t su* grant aw>ds may n be us$ = con/ruction1 alt]ation1 or repair "w4 7c7 ,use ( am\nts 7#a7 ,by regional plann+ ag5cies ,if an eligible entity t receives am\nts "u ?is section is an eligible entity describ$ 9 subsection 7a77#a77;,b71 ! eligible entity %all use ^? am\nts to assi/ plann+ activities ) respect to af=dable h\s+1 includ+-- 7,a7 ! developm5t ( h\s+ plans2 7,b7 ! sub/antial improvem5t ( ,/ate or local h\s+ /rategies2 7,c7 ! developm5t ( new regulatory requirem5ts & processes2 7,d7 updat+ zon+ codes2 7,e7 increas+ ! capacity to conduct h\s+ inspections2 7,f7 increas+ ! capacity to r$uce b>ri]s to h\s+ supply ela/icity & h\s+ af=dability2 7,g7 ! developm5t ( local or regional plans = community developm5t2 & 7,h7 ! sub/antial improvem5t ( community developm5t /rategies1 includ+ /rategies design$ to-- 7i7 increase ! availability ( af=dable h\s+ & access to af=dable h\s+2 7ii7 increase access to public transportation2 & 7iii7 advance su/a9able or location-effici5t community developm5t goals4 7#b7 ,by ,/ates1 insul> areas1 metropolitan cities1 & urban c\nties ,if an eligible entity t receives am\nts "u ?is section is an eligible entity describ$ 9 subsection 7a77#a77;,a71 ! eligible entity %all use ^? am\nts to-- 7,a7 implem5t & adm9i/] h\s+ /rategies & h\s+ plans2 7,b7 implem5t & adm9i/] any plans to increase h\s+ *oice1 address disp>ities 9 h\s+ ne$s1 & provide great] access to opportunity2 7,c7 fund any community inve/m5ts t support goals id5tifi$ 9 a h\s+ /rategy or h\s+ plan2 7,d7 implem5t & adm9i/] regulatory requirem5ts & processes ) respect to re=m$ zon+ codes2 7,e7 increase ! capacity to conduct h\s+ inspections2 7,f7 increase ! capacity to r$uce b>ri]s to h\s+ supply ela/icity & h\s+ af=dability2 7,g7 implem5t & adm9i/] local or regional plans = community developm5t2 & 7,h7 fund any plann+ to increase-- 7i7 ! availability ( af=dable h\s+ & access to af=dable h\s+2 7ii7 access to public transportation2 & 7iii7 any location-effici5t community developm5t goals4 7#c7 ,use = adm9i/rative co/s ,a eligible entity t receives am\nts "u ?is section may n use m ?an #aj p]c5t ( ^? am\nts = adm9i/rative co/s4 7d7 ,coord9ation ,to ! ext5t practicable1 ! ,secret>y %all coord9ate ) ! ,adm9i/rator ( ! ,f$]al ,transit ,adm9i/ration 9 c>ry+ out ?is section4 7e7 ,expiration ( au?ority ,aft] ! expiration ( ! #e-ye> p]iod beg9n+ on ! date ( enactm5t ( ?is ,act1 ! ,secret>y may n newly e/abli% a program z describ$ 9 ?is section4 7f7 ,sunset ,! program e/abli%$ "u ?is section %all t]m9ate on ! date t is #e ye>s aft] ! date ( enactm5t ( ?is ,act4 #baj4 ,innovation ,fund 7a7 ,def9itions ,9 ?is section3 7#a7 ,atta9able h\s+ ,! t]m atta9able h\s+ means h\s+ t s]ves h\seholds e>n+ n m ?an #abj p]c5t ( ! area m$ian income1 if ! majority ( ! h\s+ units are af=dable to h\seholds e>n+ n m ?an #fj p]c5t ( ! area m$ian income4 7#b7 ,eligible entity ,! t]m eligible entity means-- 7,a7 a metropolitan city or urban c\nty1 z ^? t]ms are def9$ 9 section #ajb ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb71 t has demon/rat$ an objective improvem5t 9 h\s+ supply gr[?1 z det]m9$ by ! ,secret>y1 ^: me?odology = det]m9+ su* gr[? is publi%$ 9 ! ,f$]al ,regi/] to all[ = public comm5t n less ?an #ij days be=e ! date on :i* ! notice ( fund+ opportunity is made available2 or 7,b7 a unit ( g5]al local gov]nm5t or an ,indian tribe1 z ^? t]ms are def9$ 9 section #ajb ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb71 t has demon/rat$ an objective improvem5t 9 h\s+ supply gr[?1 z det]m9$ by ! ,secret>y1 ^: me?odology = det]m9+ su* improvem5t is publi%$ 9 ! ,f$]al ,regi/] to all[ = public comm5t n less ?an #ij days be=e ! date on :i* ! notice ( fund+ opportunity is made available4 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,e/abli%m5t ( a grant program 7#a7 ,e/abli%m5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all e/abli% a program to aw>d grants on a competitive basis to eligible entities t h increas$ _! local h\s+ supply4 7#b7 ,li/ ( eligible entities ,! ,secret>y %all make a li/ ( eligible entities publicly available on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 7#c7 ,eligible purposes ,an eligible entity receiv+ a grant "u ?is section may use funds to-- 7,a7 c>ry out any ( ! activities describ$ 9 section #aje ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecje72 7,b7 c>ry out any ( ! activities p]mitt$ "u ! ,local & ,regional ,project ,assi/ance ,program e/abli%$ "u section #fgjb ( title #di1 ,unit$ ,/ates ,code2 & 7,c7 c>ry out initiatives ( ! eligible entity t facilitate ! expansion ( ! supply ( atta9able h\s+ & t supplem5t initiatives ! eligible entity has c>ri$ out1 or is 9 ! process ( c>ry+ out1 z specifi$ 9 ! application submitt$ "u p>agraph 7#d74 7#d7 ,application 7,a7 ,9 g5]al ,an eligible entity seek+ a grant "u ?is section %all submit to ! ,secret>y an application t provides-- 7i7 a description ( ea* purpose = :i* ! eligible entity w use ! grant1 & an atte/ation t ! grant w be us$ only = #a or m eligible purposes describ$ 9 p>agraph 7#c72 7ii7 data on *>act]i/ics ( increas$ h\s+ supply dur+ ! #c-ye> p]iod end+ on ! date on :i* ! application is submitt$1 :i* may include :e!r su* h\s+-- 7,i7 s]ves h\seholds at a range ( income levels2 & 7,,ii7 has improv$ ! quality & af=dability ( h\s+ 9 ! jurisdiction ( ! eligible entity2 7iii7 a description ( h[ ea* eligible purpose describ$ 9 clause 7i7 may address a community ne$ or advance an objective1 or an aspect ( an objective1 includ$ 9 ! compreh5sive h\s+ af=dability /rategy & community developm5t plan ( ! eligible entity "u "p #ia ( title #bd1 ,code ( ,f$]al ,regulations1 or any successor regulation 7commonly ref]r$ to z a consolidat$ plan72 & 7iv7 a description ( h[ ! eligible entity has c>ri$ out1 or is 9 ! process ( c>ry+ out1 initiatives t facilitate ! expansion ( ! supply ( h\s+4 7,b7 ,initiatives ,initiatives t meet ! crit]ia describ$ 9 p>agraph 7#c77;,d7 include1 b %all n be limit$ to-- 7i7 increas+ by-"r uses1 includ+ duplex1 triplex1 quadplex1 & multifamily build+s1 9 areas ( opportunity2 7ii7 revis+ or elim9at+ (f-/reet p>k+ requirem5ts to r$uce ! co/ ( h\s+ production2 7iii7 revis+ m9imum lot size requirem5ts1 floor area ratio requirem5ts1 set-back requirem5ts1 build+ heights1 & bans or limits on con/ruction t all[ = d5s] & m af=dable developm5t2 7iv7 in/itut+ inc5tives to promote d5se developm5t = communities :]e increas$ d5sity is ne$$2 7v7 pass+ zon+ ov]lays or o!r ord9ances t enable ! developm5t ( mix$-income h\s+2 7vi7 /reaml9+ regulatory requirem5ts & %ort5+ processes1 increas+ code en=cem5t & p]mitt+ capacity1 re=m+ zon+ codes1 or o!r initiatives t r$uce b>ri]s to increas+ h\s+ supply & af=dability2 7vii7 elim9at+ re/rictions aga9/ accessory dwell+ units & exp&+ _! by-"r use2 7viii7 us+ local tax inc5tives or public f9anc+ to promote developm5t ( atta9able h\s+2 7ix7 /reaml9+ environm5tal regulations2 7x7 elim9at+ unnecess>y manufactur$-h\s+ regulations & re/rictions2 7xi7 m9imiz+ ! impact ( ov]burd5some en]gy & wat] effici5cy /&>ds on h\s+ co/s2 & 7xii7 o!r activities t r$uce ! co/ ( con/ruction1 z det]m9$ by ! ,secret>y4 7#e7 ,grants 7,a7 ,9 g5]al ,! ,secret>y %all make n few] ?an #be grants on an annual basis 7unless am\nts appropriat$ to provide grant am\nts consi/5t ) subsection 7b7 are insuffici5t1 9 :i* case few] grants may be aw>d$71 ) /rong consid]ation ( diff]5t geographical areas & a relatively ev5 spread ( rural1 suburban1 & urban communities4 7,b7 ,limitations on aw>ds ,no grant aw>d$ "u ?is p>agraph may be-- 7i7 m ?an #aj1jjj1jjj2 or 7ii7 less ?an #bej1jjj4 7,c7 ,priority ,:5 aw>d+ grants "u ?is p>agraph1 ! ,secret>y %all give priority to an eligible entity t has-- 7i7 demon/rat$ ! use ( innovative policies1 int]v5tions1 or programs = increas+ h\s+ supply2 & 7ii7 demon/rat$ a m>k$ improvem5t 9 h\s+ supply gr[?1 z ne$$4 7,d7 ,grant adm9i/ration & t]ms ,projects assi/$ "u ?is section = activities describ$ 9 sector #bc ( ! ,nor? ,am]ican ,indu/ry ,classification ,sy/em %all be treat$ z projects assi/$ "u ! ,community ,developm5t ,block ,grant program "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq474 7c7 ,rules ( con/ruction ,no?+ 9 ?is section %all be con/ru$-- 7#a7 to au?orize ! ,secret>y to m&ate1 sup]s$e1 or preempt any local zon+ or l& use policy2 or 7#b7 to affect ! requirem5ts ( section #aje7;c77#a7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgje7;c77#a774 7d7 ,au?orization ( appropriations 7#a7 ,9 g5]al ,!re is au?oriz$ to be appropriat$ to c>ry out ?is section #bjj1jjj1jjj = ea* ( fiscal ye>s #bjbg ?r\gh #bjca4 7#b7 ,adju/m5t ,! am\nt au?oriz$ to be appropriat$ "u p>agraph 7#a7 %all be adju/$ = inflation bas$ on ! ,consum] ,price ,index = all ,urban ,cu/om]s publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor4 #baa4 ,accel]at+ ,home ,build+ ,act 7a7 ,def9itions ,9 ?is section3 7#a7 ,af=dable h\s+ ,! t]m af=dable h\s+ means h\s+ = :i* ! total mon?ly h\s+ co/ paym5t is n m ?an #cj p]c5t ( ! mon?ly h\sehold income = a h\sehold e>n+ n m ?an #hj p]c5t ( ! area m$ian income4 7#b7 ,cov]$ /ructure ,! t]m cov]$ /ructure means-- 7,a7 a l[-rise or mid-rise /ructure ) n m ?an #be dwell+ units2 & 7,b7 includes-- 7i7 an accessory dwell+ unit2 7ii7 infill developm5t2 7iii7 a duplex2 7iv7 a triplex2 7v7 a f\rplex2 7vi7 a cottage c\rt2 7vii7 a c\rty>d build+2 7viii7 a t[nh\se2 7ix7 a multiplex2 & 7x7 any o!r /ructure ) n less ?an #b dwell+ units t ! ,secret>y consid]s appropriate4 7#c7 ,eligible entity ,! t]m eligible entity means-- 7,a7 a unit ( g5]al local gov]nm5t1 z def9$ 9 section #ajb7;a7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb7;a772 7,b7 a municipal memb]%ip organization2 & 7,c7 an ,indian tribe1 z def9$ 9 section #ajb7;a7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb7;a774 7#d7 ,high opportunity area ,! t]m high opportunity area has ! mean+ giv5 ! t]m 9 section #abhb4a ( title #ab1 ,code ( ,f$]al ,regulations1 or any successor regulation4 7#e7 ,infill developm5t ,! t]m infill developm5t means resid5tial developm5t on small p>cels 9 previ\sly e/abli%$ areas = replacem5t ) new or refurbi%$ h\s+ t utilizes exi/+ utilities & infra/ructure4 7#f7 ,mix$-income h\s+ ,! t]m mix$-income h\s+ means a h\s+ developm5t t is compris$ ( h\s+ units t promote diff]+ levels ( af=dability 9 ! community4 7#g7 ,pre-review$ designs ,! t]m pre-review$ designs1 also kn[n z patt]n books1 means sets ( con/ruction plans t are assess$ & approv$ by localities = compliance ) local build+ & p]mitt+ /&>ds to /reaml9e & exp$ite approval pa?ways = h\s+ con/ruction4 7#h7 ,rural area ,! t]m rural area means any area o!r ?an a city or t[n t has a population ( less ?an #ej1jjj inhabitants4 7#i7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,au?ority ,! ,secret>y is au?oriz$ to aw>d grants to eligible entities utiliz+ funds appropriat$ = su* purpose to select pre-review$ designs ( cov]$ /ructures ( mix$-income h\s+ = use 9 ! jurisdiction ( ! eligible entity1 except t su* grant aw>ds may n be us$ = con/ruction1 alt]ation1 or repair "w4 7c7 ,consid]ations ,9 review+ applications submitt$ by eligible entities = a grant "u ?is section1 ! ,secret>y %all consid]-- 7#a7 ! ne$ = af=dable h\s+ 9 ! s]vice area ( ! eligible entity2 7#b7 ! pres5ce ( high opportunity areas 9 ! jurisdiction ( ! eligible entity2 7#c7 coord9ation betwe5 ! eligible entity & a ,/ate ag5cy2 & 7#d7 coord9ation betwe5 ! eligible entity & ,/ate1 local1 & regional transportation plann+ au?orities4 7d7 ,set-aside = rural areas ,( ! am\nt made available 9 ea* fiscal ye> = grants "u ?is section1 ! ,secret>y %all ensure t n less ?an #aj p]c5t %all be us$ = grants to eligible entities t are locat$ 9 rural areas4 7e7 ,reports ,! ,secret>y %all require eligible entities receiv+ grants "u ?is section to report on-- 7#a7 ! impacts ( ! activities c>ri$ out us+ ! grant am\nts 9 improv+ ! production & supply ( af=dable h\s+2 7#b7 ! pre-review$ designs select$ us+ ! grant am\nts 9 _! communities2 7#c7 ! numb] ( p]mits issu$ = h\s+ developm5t utiliz+ pre-review$ designs2 & 7#d7 ! numb] ( h\s+ units produc$ 9 developm5ts utiliz+ ! pre-review$ designs4 7f7 ,availability ( in=mation ,! ,secret>y %all-- 7#a7 to ! ext5t possible1 enc\rage localities to make publicly available ?r\gh a website in=mation on ! pre-review$ designs select$ & submitt$ to ! ,secret>y by eligible entities receiv+ grants "u ?is section1 includ+ in=mation on ! b5efits ( use ( ^? designs2 & 7#b7 collect1 id5tify1 & dissem9ate be/ practices reg>d+ su* designs & make su* in=mation publicly available on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 7g7 ,design adoption & repaym5t ,! ,secret>y may require an eligible entity to return to ! ,secret>y any grant funds receiv$ "u ?is section if ! select$ pre-review$ designs submitt$ "u ?is section h n be5 adopt$ dur+ ! #e-ye> p]iod foll[+ receipt ( ! grant1 unless t p]iod is ext5d$ by ! ,secret>y4 7h7 ,te*nical assi/ance ,! ,secret>y may set aside n m ?an #e p]c5t ( am\nts appropriat$ 9 a fiscal ye> to provide te*nical assi/ance to grant recipi5ts "u ?is section & pre-grant te*nical assi/ance to prospective applicants4 #bab4 ,revitaliz+ ,empty ,/ructures ,into ,desirable ,environm5ts 7,,reside7 ,act 7a7 ,9 g5]al ,subtitle ,a ( title ,,ii ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgda et seq47 is am5d$ by add+ at ! end ! foll[+3 #bbg4 ,revitaliz+ empty /ructures into desirable environm5ts 7a7 ,def9itions ,9 ?is section3 7#a7 ,atta9able h\s+ ,! t]m atta9able h\s+ means h\s+ t s]ves h\seholds e>n+ n m ?an #abj p]c5t ( ! area m$ian income1 if ! majority ( ! h\s+ units are af=dable to h\seholds e>n+ n m ?an #fj p]c5t ( ! area m$ian income4 7#b7 ,conv]t$ h\s+ unit ,! t]m conv]t$ h\s+ unit means a h\s+ unit t is creat$ us+ a cov]$ grant4 7#c7 ,cov]$ grant ,! t]m cov]$ grant means a grant aw>d$ "u ! ,pilot ,program4 7#d7 ,eligible entity ,! t]m eligible entity means a p>ticipat+ jurisdiction4 7#e7 ,pilot ,program ,! t]m ,pilot ,program means ! pilot program e/abli%$ "u subsection 7b74 7#f7 ,vacant & ab&on$ build+ ,! t]m vacant & ab&on$ build+ means a prop]ty-- 7,a7 t 0 con/ruct$ = use z a w>eh\se1 factory1 mall1 /rip mall1 or hotel1 or = ano!r indu/rial or comm]cial use2 & 7,b7 7i7 ) respect to :i*-- 7,i7 a code en=cem5t inspection has det]m9$ t ! prop]ty is n safe2 & 7,,ii7 n less ?an #ij days h elaps$ s9ce ! own] 0 notifi$ ( ! defici5cies 9 ! prop]ty & ! own] has tak5 no corrective action2 or 7ii7 t is subject to a c\rt-ord]$ receiv]%ip or nuisance abatem5t relat$ to ab&onm5t pursuant to ,/ate or local law or o!rwise meets ! def9ition ( an ab&on$ prop]ty "u ,/ate law4 7b7 ,purpose ( grant program ,subject to ! availability ( funds appropriat$ = ?is subsection1 ! ,secret>y is au?oriz$ to e/abli% a pilot program1 spann+ f fiscal ye>s #bjbg ?r\gh #bjca1 :i* %all h ! purpose ( aw>d+ grants on a competitive basis to eligible entities to conv]t vacant & ab&on$ build+s into atta9able h\s+4 7c7 ,am\nt ( grant 7#a7 ,9 g5]al ,= any fiscal ye> = :i* n less ?an #ajj1jjj1jjj is made available to c>ry out ! ,pilot ,program1 ! am\nt ( a cov]$ grant %all be n less ?an #a1jjj1jjj & n m ?an #aj1jjj1jjj4 7#b7 ,fiscal ye>s ) l[] fund+ ,= any fiscal ye> = :i* less ?an #ajj1jjj1jjj is made available to c>ry out ! ,pilot ,program pursuant to subsection 7b71 ! ,secret>y %all seek to maximize ! numb] ( cov]$ grants aw>d$4 7d7 ,relation to =mula allocation ,a cov]$ grant aw>d$ to an eligible entity %all be 9 addition to1 & %all n affect1 ! =mula allocation = ! eligible entity "u section #bag4 7e7 ,priority ,9 aw>d+ cov]$ grants1 ! ,secret>y %all give priority to an eligible entity t-- 7#a7 w use ! cov]$ grant 9 a community t is exp]i5c+ economic di/ress2 7#b7 w use ! cov]$ grant 9 a qualifi$ opportunity zone 7z def9$ 9 section #adjj,z-#a7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf72 7#c7 w use ! cov]$ grant to con/ruct h\s+ t w s]ve a ne$ id5tifi$ 9 ! compreh5sive h\s+ af=dability /rategy & community developm5t plan ( ! eligible entity "u "p #ia ( title #bd1 ,code ( ,f$]al ,regulations1 or any successor regulation 7commonly ref]r$ to z a consolidat$ plan72 or 7#d7 has enact$ ord9ances to r$uce regulatory b>ri]s to conv]sion ( vacant & ab&on$ build+s to h\s+1 :i* %all n include any alt]ation ( an ord9ance t gov]ns safety & habitability4 7f7 ,use ( funds ,an eligible entity may use a cov]$ grant =-- 7#a7 prop]ty acquisition2 7#b7 demolition2 7#c7 heal? haz>d rem$iation2 7#d7 site prep>ation2 7#e7 con/ruction1 r5ovation1 or rehabilitation2 or 7#f7 ! e/abli%m5t1 ma9t5ance1 or expansion ( community l& tru/s4 7g7 ,waiv] au?ority ,9 adm9i/]+ cov]$ grants1 ! ,secret>y may waive1 or specify alt]native requirem5ts =1 any /atute or regulation t ! ,secret>y adm9i/]s 9 connection ) ! obligation by ! ,secret>y or ! use by eligible entities ( cov]$ grant funds 7except = requirem5ts relat$ to fair h\s+1 nondiscrim9ation1 labor /&>ds1 or ! environm5t7 if ! ,secret>y makes a public f9d+ t good cause exi/s = ! waiv] or alt]native requirem5t4 7h7 ,/udy2 report ,n lat] ?an #ahj days aft] ! t]m9ation ( ! ,pilot ,program1 ! ,secret>y %all /udy & submit to ,congress a report on ! impact ( ! ,pilot ,program on-- 7#a7 improv+ ! tax base ( local communities2 7#b7 increas+ access to af=dable h\s+1 especially = eld]ly individuals1 disabl$ individuals1 & vet]ans2 7#c7 increas+ home[n]%ip2 & 7#d7 remov+ blight4 4 7b7 ,te*nical & con=m+ am5dm5t ,! table ( cont5ts 9 section #a7;b7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7,public ,law #aja-fbe2 #ajd ,/at4 #djgi7 is am5d$ by ins]t+ aft] ! item relat+ to section #bbf ! foll[+3 ,sec4 #bbg4 ,revitaliz+ empty /ructures into desirable environm5ts4 4 #bac4 ,h\s+ ,af=dability ,act 7a7 ,9 g5]al ,title ,,ii ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjg et seq47 is am5d$-- 7#a7 9 section #bjf;,a 7#ab ,u4,s4,c4 #agab;a7-- 7,a7 9 subsection 7a71 9 ! matt] foll[+ p>agraph 7#g71 by /rik+ 7comm5c+ 9 #bjjd & all t foll[s ?r\gh ! p]iod at ! end & ins]t+ ! foll[+3 1 comm5c+ on ,july #a1 #bjbe4 ,! adju/m5t ( ! ,doll> ,am\nts %all be calculat$ by ! ,secret>y us+ ! p]c5tage *ange 9 ! ,price ,deflator ,index ( ,multifamily ,resid5tial ,units ,"u ,con/ruction releas$ by ! ,bureau ( ! ,c5sus f ,m>* ( ! previ\s ye> to ,m>* ( ! ye> 9 :i* ! adju/m5t is made1 or by ! ,secret>y us+ an alt]native indicator aft] publi%+ in=mation ab\t su* alt]native indicators 9 ! ,f$]al ,regi/] = public comm5t if ! ,price ,deflator ,index ( ,multifamily ,resid5tial ,units ,"u ,con/ruction is n available or publi%$42 & 7,b7 by am5d+ subsection 7b7 to read z foll[s3 7b7 ,publication 7#a7 ,9 g5]al ,! ,secret>y %all publi% 9 ! ,f$]al ,regi/] any adju/m5ts made to ! ,doll> ,am\nts4 7#b7 ,r\nd+ ,! doll> am\nt ( any adju/m5t describ$ 9 p>agraph 7#a7 %all be r\nd$ to ! next l[] doll>4 2 7#b7 9 section #bjg7;c77#c77;,a7 7#ab ,u4,s4,c4 #agac7;c77#c77;,a77-- 7,a7 by /rik+ #ch1jbe & ins]t+ #ff1edd2 7,b7 by /rik+ #db1abj & ins]t+ #gc1gaj2 7,c7 by /rik+ #ej1caj & ins]t+ #hh1jdc2 7,d7 by /rik+ #fb1jaj & ins]t+ #ajh1eah2 7,e7 by /rik+ #gj1bjj & ins]t+ #abb1hej2 7,f7 by /rik+ 1 or n to exce$ #ag1dfj p] space2 7,g7 by /rik+ #dc1hge & ins]t+ #gf1gha2 7,h7 by /rik+ #di1adj & ins]t+ #he1iie2 7,i7 by /rik+ #fj1bee & ins]t+ #aje1ddf2 7,j7 by /rik+ #ge1dfe & ins]t+ #acb1jfd2 & 7,k7 by /rik+ #he1cbh & ins]t+ #adi1cbd2 7#c7 9 section #bac7;b77#b7 7#ab ,u4,s4,c4 #agae;e7b77#b77-- 7,a7 by /rik+ #da1bjg & ins]t+ #gb1aab2 7,b7 by /rik+ #dg1eaa & ins]t+ #hc1add2 7,c7 by /rik+ #eg1cjj & ins]t+ #ajj1bge2 7,d7 by /rik+ #gc1cdc & ins]t+ #abh1cej2 7,e7 by /rik+ #ha1gjh & ins]t+ #adb1ihi2 7,f7 by /rik+ #dc1hge & ins]t+ #gf1gha2 7,g7 by /rik+ #di1gaj & ins]t+ #hg1iic2 7,h7 by /rik+ #fj1ddf & ins]t+ #aje1gha2 7,i7 by /rik+ #gh1aig & ins]t+ #acf1hde2 & 7,j7 by /rik+ #he1hcf & ins]t+ #aej1bac2 7#d7 9 section #bbj7;d77#c77;,b77iii77,i7 7#ab ,u4,s4,c4 #agaek7d77#c77;,b77iii77,i77-- 7,a7 by /rik+ #ch1jbe & ins]t+ #ff1edd2 7,b7 by /rik+ #db1abj & ins]t+ #gc1gaj2 7,c7 by /rik+ #ej1caj & ins]t+ #hh1jdc2 7,d7 by /rik+ #fb1jaj & ins]t+ #ajh1eah2 7,e7 by /rik+ #gj1bjj & ins]t+ #abb1hej2 7,f7 by /rik+ #dc1hge & ins]t+ #gf1gha2 7,g7 by /rik+ #di1adj & ins]t+ #he1iie2 7,h7 by /rik+ #fj1bee & ins]t+ #aje1ddf2 7,i7 by /rik+ #ge1dfe & ins]t+ #acb1jfd2 & 7,j7 by /rik+ #he1cbh & ins]t+ #adi1cbd2 7#e7 9 section #bba7;d77#d77;ii77,i7 7#ab ,u4,s4,c4 #agael7d77#d77;ii77,i77-- 7,a7 by /rik+ #cg1hdc & ins]t+ #ff1bbe2 7,b7 by /rik+ #db1ied & ins]t+ #ge1agj2 7,c7 by /rik+ #ea1ibj & ins]t+ #ij1hfj2 7,d7 by /rik+ #fe1afi & ins]t+ #aad1jdf2 7,e7 by /rik+ #gc1hdf & ins]t+ #abi1bca2 7,f7 by /rik+ #dj1hgf & ins]t+ #ga1ecc2 7,g7 by /rik+ #df1hei & ins]t+ #hb1jjc2 7,h7 by /rik+ #ef1igi & ins]t+ #ii1gac2 7,i7 by /rik+ #gc1gaj & ins]t+ #abh1iic2 & 7,j7 by /rik+ #hj1iac & ins]t+ #ada1eih2 7#f7 9 section #bca7;c77#b77;,a7 7#ab ,u4,s4,c4 #agaev7c77#b77;,a77-- 7,a7 by /rik+ #ce1igh & ins]t+ #fb1ifb2 7,b7 by /rik+ #dj1bbj & ins]t+ #gj1che2 7,c7 by /rik+ #dh1jbi & ins]t+ #hd1jea2 7,d7 by /rik+ #eg1gih & ins]t+ #aja1adg2 7,e7 by /rik+ #fg1iej & ins]t+ #aah1iac2 7,f7 by /rik+ #dj1hgf & ins]t+ #ga1ecc2 7,g7 by /rik+ #df1hei & ins]t+ #hb1jjc2 7,h7 by /rik+ #ef1igi & ins]t+ #ii1gac2 7,i7 by /rik+ #gc1gaj & ins]t+ #abh1iic2 & 7,j7 by /rik+ #hj1iac & ins]t+ #ada1eih2 & 7#g7 9 section #bcd7;e77#c77;,a7 7#ab ,u4,s4,c4 #agaey7e77#c77;,a77-- 7,a7 by /rik+ #db1jdh & ins]t+ #gc1ehd2 7,b7 by /rik+ #dh1dha & ins]t+ #hd1hdb2 7,c7 by /rik+ #eh1dfi & ins]t+ #ajb1cba2 7,d7 by /rik+ #gd1hdj & ins]t+ #acj1igj2 7,e7 by /rik+ #hc1cge & ins]t+ #ade1ijf2 7,f7 by /rik+ #dd1bej & ins]t+ #gg1dch2 7,g7 by /rik+ #ej1gbd & ins]t+ #hh1gfg2 7,h7 by /rik+ #fa1fhj & ins]t+ #ajg1idj2 7,i7 by /rik+ #gi1gic & ins]t+ #aci1fch2 & 7,j7 by /rik+ #hg1ehh & ins]t+ #aec1bgi4 7b7 ,multifamily loan limit /udy ,! ,commission] ( ! ,f$]al ,h\s+ ,adm9i/ration1 9 consultation ) ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 %all conduct a /udy to assess ! foll[+ 9 comp>ison to ! loan limits prior to ! am5dm5ts made "u ?is section3 7#a7 ,:e!r ! ,commission] has suffici5t au?ority to increase loan limits = ea* multifamily mortgage insurance program at appropriate am\nts1 includ+ to meet m>ket dem&4 7#b7 ,! impacts t multifamily loan limit increases h _h1 if any1 on-- 7,a7 ! ,g5]al ,insurance & ,special ,risk ,insurance ,fund2 7,b7 ! *ange 9 volume ( multifamily pur*ase & con/ruction l5d+ t is insur$ by ! ,f$]al ,h\s+ ,adm9i/ration2 & 7,c7 subject to ! availability ( data1 ! ye>-ov]-ye> *ange ov] ! la/ #f ye>s 9-- 7i7 m$ian & av]age l5d+ co/s z well z r5t & h\se prices )9 ! multifamily h\s+ m>ket2 & 7ii7 multifamily h\s+ supply1 includ+ ! numb] ( build+ p]mits issu$ z well z h\s+ unit />ts & completions4 7c7 ,report ,n lat] ?an #c ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,commission] ( ! ,f$]al ,h\s+ ,adm9i/ration %all submit to ,congress a report summ>iz+ ! f9d+s ( ! ,commission] = ! /udy conduct$ "u subsection 7b74 ,,iii ,manufactur$ ,h\s+ = ,am]ica #cja4 ,h\s+ ,supply ,expansion ,act 7a7 ,9 g5]al ,section #fjc7f7 ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjb7f77 is am5d$ by /rik+ on a p]man5t *assis & ins]t+ ) or )\t a p]man5t *assis4 7b7 ,/&>ds = manufactur$ homes built )\t a p]man5t *assis ,section #fjd7;a7 ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjc7;a77 is am5d$ by add+ ! foll[+3 7#g7 ,/&>ds = manufactur$ homes built )\t a p]man5t *assis 7,a7 ,9 g5]al ,! ,secret>y1 9 consultation ) ! cons5sus committee1 %all issue revis$ /&>ds = manufactur$ homes built )\t a p]man5t *assis us+ ! process describ$ 9 p>agraph 7#d74 7,b7 ,creat+ f9al /&>ds ,! ,secret>y %all1 aft] consult+ & conf]r+ ) ! cons5sus committee1 e/abli% /&>ds to ensure t manufactur$ homes )\t a p]man5t *assis h-- 7i7 a di/9ct label1 ) rev5ue g5]at$ to be deposit$ into ! ,manufactur$ ,h\s+ ,fees ,tru/ ,fund e/abli%$ "u section #fbj7;e77#a71 to be issu$ by ! ,secret>y di/+ui%+ manufactur$ home built )\t a p]man5t *assis f manufactur$ homes built on a p]man5t *assis2 7ii7 a data plate1 z describ$ 9 section #cbhj4e ( title #bd1 ,code ( ,f$]al ,regulations 7or any successor regulation71 di/+ui%+ manufactur$ homes built )\t a p]man5t *assis f manufactur$ homes built on a p]man5t *assis2 & 7iii7 a notation on any invoice produc$ by ! manufactur] ( a manufactur$ home t is di/+ui%able f ! invoice = a manufactur$ home con/ruct$ ) a p]man5t *assis4 4 7c7 ,manufactur$ home c]tifications ,section #fjd ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjc7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,manufactur$ home c]tifications 7#a7 ,9 g5]al 7,a7 ,initial c]tification ,subject to subp>agraph 7,b71 n lat] ?an #a ye> aft] ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act1 a ,/ate %all submit to ! ,secret>y an initial c]tification t ! laws & regulations ( ! ,/ate-- 7i7 treat any manufactur$ home 9 p>ity ) a manufactur$ home 7z def9$ & regulat$ by ! ,/ate72 & 7ii7 subject a manufactur$ home )\t a p]man5t *assis to ! same laws & regulations ( ! ,/ate z a manufactur$ home built on a p]man5t *assis1 includ+ ) respect to f9anc+1 title1 insurance1 manufacture1 sale1 taxes1 transportation1 in/allation1 & o!r areas z ! ,secret>y det]m9es1 aft] consultation ) & approval by ! cons5sus committee1 are necess>y to give effect to ! purpose ( ?is section4 7,b7 ,/ate plan submission ,any ,/ate plan submitt$ "u section #fbc7;b7 %all conta9 ! requir$ ,/ate c]tification "u subp>agraph 7,a7 &1 if conta9$ !re91 no additional or ,/ate c]tification "u subp>agraph 7,a7 or p>agraph 7#c74 7,c7 ,ext5d$ deadl9e ,) respect to a ,/ate ) a legislature t meets bi5nially1 ! deadl9e = ! submission ( ! initial c]tification requir$ "u subp>agraph 7,a7 %all be #b ye>s aft] ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act4 7,d7 ,late c]tification 7i7 ,no waiv] ,! ,secret>y may n waive ! prohibition describ$ 9 p>agraph 7#e77;,b7 ) respect to a c]tification submitt$ aft] ! deadl9e "u subp>agraph 7,a7 or p>agraph 7#c7 unless ! ,secret>y approves ! late c]tification4 7ii7 ,rule ( con/ruction ,no?+ 9 ?is subsection %all be con/ru$ to prev5t a ,/ate f submitt+ ! initial c]tification requir$ "u subp>agraph 7,a7 aft] ! requir$ deadl9e "u t subp>agraph4 7#b7 ,=m ( ,/ate c]tification n pres5t$ 9 a ,/ate plan ,! initial c]tification requir$ "u p>agraph 7#a77;,a71 if n submitt$ ) a ,/ate plan "u p>agraph 7#a77;,b71 %all conta91 9 a =m prescrib$ by ! ,secret>y1 an atte/ation by an (ficial t ! ,/ate has tak5 ! /eps necess>y to ensure ! v]acity ( ! c]tification requir$ "u p>agraph 7#a77;,a71 includ+1 z necess>y1 by-- 7,a7 am5d+ ! def9ition ( manufactur$ home 9 ! laws & regulations ( ! ,/ate2 & 7,b7 direct+ ,/ate ag5cies to am5d ! def9ition ( manufactur$ home 9 regulations4 7#c7 ,annual rec]tification ,n lat] ?an a date to be det]m9$ by ! ,secret>y ea* ye>1 a ,/ate %all submit to ! ,secret>y an additional c]tification t-- 7,a7 confirms ! accuracy ( ! initial c]tification submitt$ "u subp>agraph 7,a7 or 7,b7 ( p>agraph 7#a72 & 7,b7 c]tifies t any new laws or regulations enact$ or adopt$ by ! ,/ate s9ce ! date ( ! previ\s c]tification d n *ange ! v]acity ( ! initial c]tification submitt$ "u p>agraph 7#a77;,a74 7#d7 ,li/ ,! ,secret>y %all publi% & ma9ta9 9 ! ,f$]al ,regi/] & on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t a li/ ( ,/ates t are up to date ) ! submission ( initial & subsequ5t c]tifications requir$ "u ?is subsection4 7#e7 ,prohibition 7,a7 ,def9ition ,9 ?is p>agraph1 ! t]m cov]$ manufactur$ home means a home t is-- 7i7 n consid]$ a manufactur$ home "u ! laws & regulations ( a ,/ate because ! home is con/ruct$ )\t a p]man5t *assis2 7ii7 consid]$ a manufactur$ home "u ! def9ition ( ! t]m 9 section #fjc2 & 7iii7 con/ruct$ aft] ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act4 7,b7 ,build+1 in/allation1 & sale ,if a ,/ate does n submit a c]tification "u p>agraph 7#a77;,a7 or 7#c7 by ! date on :i* ^? c]tifications are requir$ to be submitt$-- 7i7 ) respect to a ,/ate 9 :i* ! ,/ate adm9i/]s ! in/allation ( manufactur$ homes1 ! ,/ate %all prohibit ! manufacture1 in/allation1 or sale ( a cov]$ manufactur$ home )9 ! ,/ate2 & 7ii7 ) respect to a ,/ate 9 :i* ! ,secret>y adm9i/]s ! in/allation ( manufactur$ homes1 ! ,/ate & ! ,secret>y %all prohibit ! manufacture1 in/allation1 or sale ( a cov]$ manufactur$ home )9 ! ,/ate4 4 7d7 ,o!r ,f$]al laws regulat+ manufactur$ homes 7#a7 ,9 g5]al ,! ,secret>y ( ,h\s+ & ,urban ,developm5t may coord9ate ) ! heads ( o!r ,f$]al ag5cies to ensure t ,f$]al ag5cies treat a manufactur$ home 7z def9$ 9 ,f$]al laws & regulations o!r ?an section #fjc ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjb77 9 ! same mann] z a manufactur$ home 7z def9$ 9 section #fjc ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjb71 z am5d$ by ?is ,act74 7#b7 ,en]gy effici5cy /&>ds 7,a7 ,manufactur$ home def9$ ,9 ?is p>agraph1 ! t]m manufactur$ home has ! mean+ giv5 ! t]m 9 section #fjc ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjb71 z am5d$ by ?is ,act4 7,b7 ,process ,no en]gy effici5cy /&>ds = manufactur$ homes develop$ by any ,f$]al ag5cy %all h legal effect unless & until adopt$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t pursuant to ! cons5sus /&>ds & regulatory developm5t process describ$ 9 section #fjd7;a77#b7 ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjc7;a77#b774 7,c7 ,m9imum /&>ds ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all-- 7i7 n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 adopt m9imum en]gy effici5cy /&>ds = manufactur$ homes2 & 7ii7 n less frequ5tly ?an once e #c ye>s aft] adopt+ ! /&>ds "u clause 7i71 update ^? /&>ds4 7e7 ,assi/ance to ,/ates ,section #fji ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjh7 is am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7#c7 model guidance to support ! submission ( ! c]tification requir$ "u section #fjd7;i74 4 7f7 ,preemption ,no?+ 9 ?is section or ! am5dm5ts made by ?is section %all be con/ru$ z limit+ ! scope ( ,f$]al preemption "u section #fjd7;d7 ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjc7;d774 #cjb4 ,modul> ,h\s+ ,production ,act 7a7 ,def9itions ,9 ?is section3 7#a7 ,manufactur$ home ,! t]m manufactur$ home has ! mean+ giv5 ! t]m 9 section #fjc ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjb74 7#b7 ,modul> home ,! t]m modul> home means a home t is con/ruct$ 9 a factory 9 #a or m modules1 ea* ( :i* meets applicable ,/ate & local build+ codes ( ! area 9 :i* ! home w be locat$1 & t are transport$ to ! home build+ site1 in/all$ on f\ndations1 & complet$4 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,,fha con/ruction f9anc+ programs 7#a7 ,9 g5]al ,! ,secret>y %all conduct a review ( ,f$]al ,h\s+ ,adm9i/ration con/ruction f9anc+ programs to id5tify b>ri]s to ! use ( modul> home me?ods4 7#b7 ,requirem5ts ,9 conduct+ ! review "u p>agraph 7#a71 ! ,secret>y %all-- 7,a7 id5tify & evaluate regulatory & programmatic features t re/rict p>ticipation 9 con/ruction f9anc+ programs by modul> home develop]s1 includ+ con/ruction draw s*$ules2 & 7,b7 id5tify adm9i/rative measures au?oriz$ "u section #ebe ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agce;f-#c7 to facilitate program utilization by modul> home develop]s4 7#c7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all publi% a report t describes ! results ( ! review conduct$ "u p>agraph 7#a71 :i* %all include a description ( programmatic & policy *anges t ! ,secret>y recomm5ds to r$uce or elim9ate id5tifi$ b>ri]s to ! use ( modul> home me?ods 9 ,f$]al ,h\s+ ,adm9i/ration con/ruction f9anc+ programs4 7#d7 ,rulemak+ 7,a7 ,9 g5]al ,n lat] ?an #abj days aft] ! date on :i* ! ,secret>y publi%es ! report "u p>agraph 7#c71 ! ,secret>y %all initiate a rulemak+ to exam9e an alt]native draw s*$ule = con/ruction f9anc+ loans provid$ to modul> & manufactur$ home develop]s1 :i* %all include ! ability = int]e/$ /akehold]s to provide robu/ public comm5t4 7,b7 ,det]m9ation ,foll[+ ! p]iod = public comm5t "u subp>agraph 7,a71 ! ,secret>y %all-- 7i7 issue a f9al rule reg>d+ an alt]native draw s*$ule describ$ 9 subp>agraph 7,a72 or 7ii7 provide an explanation z to :y ! rule %all n become f9al4 7c7 ,/&>diz$ uni=m comm]cial code = modul> homes ,! ,secret>y may aw>d a grant to /udy ! design & feasibility ( a /&>diz$ uni=m comm]cial code = modul> homes1 :i* %all evaluate-- 7#a7 ! utility ( a /&>diz$ cod+ sy/em = s]ializ+ & secur+ modules1 /reaml9+ design & con/ruction1 & improv+ modul> home innovation2 & 7#b7 a means to coord9ate a /&>diz$ code ) f9anc+ inc5tives4 #cjc4 ,prop]ty ,improvem5t & ,manufactur$ ,h\s+ ,loan ,mod]nization ,act 7a7 ,national ,h\s+ ,act am5dm5ts 7#a7 ,9 g5]al ,section #b ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjc7 is am5d$-- 7,a7 9 subsection 7a71 by ins]t+ con/ruction ( additional or accessory dwell+ units1 z def9$ by ! ,secret>y1 aft] en]gy cons]v+ improvem5ts12 & 7,b7 9 subsection 7b7-- 7i7 9 p>agraph 7#a7-- 7,i7 by /rik+ subp>agraph 7,a7 & ins]t+ ! foll[+3 7,a7 #ge1jjj if made = ! purpose ( f9anc+ alt]ations1 repairs & improvem5ts ^u or 9 connection ) an exi/+ s+le-family /ructure1 includ+ a manufactur$ home2 2 7,,ii7 9 subp>agraph 7,b7-- 7aa7 by /rik+ #fj1jjj & ins]t+ #aej1jjj2 7bb7 by /rik+ #ab1jjj & ins]t+ #cg1ejj2 & 7cc7 by /rik+ an ap>tm5t h\se or2 7,,iii7 by /rik+ subp>agraphs 7,c7 & 7,d7 & ins]t+ ! foll[+3 7,c7 7i7 #ajf1dje if made = ! purpose ( f9anc+ ! pur*ase ( a s+le-section manufactur$ home2 & 7ii7 #aie1cbb if made = ! purpose ( f9anc+ ! pur*ase ( a multi-section manufactur$ home2 7,d7 7i7 #adi1ghb if made = ! purpose ( f9anc+ ! pur*ase ( a s+le-section manufactur$ home & a suitably develop$ lot on :i* to place ! home2 & 7ii7 #bch1fii if made = ! purpose ( f9anc+ ! pur*ase ( a multi-section manufactur$ home & a suitably develop$ lot on :i* to place ! home2 2 7,,iv7 9 subp>agraph 7,e7-- 7aa7 by /rik+ #bc1bbf & ins]t+ #dc1cgg2 & 7bb7 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 7,v7 9 subp>agraph 7,f71 by /rik+ & at ! end2 7,,vi7 9 subp>agraph 7,g71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,,vii7 by ins]t+ aft] subp>agraph 7,g7 ! foll[+3 7,h7 su* pr9cipal am\nt z ! ,secret>y may prescribe if made = ! purpose ( f9anc+ ! con/ruction ( an accessory dwell+ unit4 2 7ii7 9 ! matt] imm$iately prec$+ p>agraph 7#b7-- 7,i7 by /rik+ regulation & ins]t+ notice2 7,,ii7 by /rik+ increase & ins]t+ set2 7,,iii7 by /rik+ 7,a77ii71 7,c71 7,d71 & 7,e7 & ins]t+ 7,a7 ?r\gh 7,h72 7,,iv7 by ins]t+ 1 or z necess>y to a*ieve ! goals ( ! ,f$]al ,h\s+ ,adm9i/ration1 p]iodically reset ! doll> am\nt limitations 9 subp>agraphs 7,a7 ?r\gh 7,h7 bas$ on ju/ification & me?odology set =? 9 advance by regulation be=e ! p]iod at ! end2 & 7,v7 by adju/+ ! m>g9s appropriately2 7iii7 9 p>agraph 7#c71 by /rik+ exce$s-- & all t foll[s ?r\gh ! p]iod at ! end & ins]t+ exce$s su* p]iod ( "t z det]m9$ by ! ,secret>y1 n to exce$ #cj ye>s42 7iv7 by /rik+ p>agraph 7#i7 & ins]t+ ! foll[+3 7#i7 ,annual index+ ( c]ta9 doll> am\nt limitations ,! ,secret>y %all develop or *oose #a or m me?ods ( index+ 9 ord] to annually set ! loan limits e/abli%$ 9 p>agraph 7#a71 bas$ on data ! ,secret>y det]m9es is appropriate = purposes ( ?is section4 2 & 7v7 9 p>agraph 7#aa71 by /rik+ lease-- & all t foll[s ?r\gh ! p]iod at ! end & ins]t+ lease meets ! t]ms & conditions e/abli%$ by ! ,secret>y4 7#b7 ,deadl9e = developm5t or *oice ( new index2 int]im index 7,a7 ,deadl9e = developm5t or *oice ( new index ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all develop or *oose #a or m me?ods ( index+ z requir$ "u section #b7;b77#i7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjc7;b77#i771 z am5d$ by p>agraph 7#a7 ( ?is subsection4 7,b7 ,int]im index ,dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ! date on :i* ! ,secret>y ( ,h\s+ & ,urban ,developm5t develops or *ooses #a or m me?ods ( index+ z requir$ "u section #b7;b77#i7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjc7;b77#i771 z am5d$ by p>agraph 7#a7 ( ?is subsection1 ! me?od ( index+ e/abli%$ by ! ,secret>y "u su* section #b7;b77#i7 be=e ! date ( enactm5t ( ?is ,act %all apply4 7b7 ,,hud /udy ( (f-site con/ruction 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,(f-site con/ruction h\s+ ,! t]m (f-site con/ruction h\s+ includes manufactur$ homes & modul> homes4 7,b7 ,manufactur$ home ,! t]m manufactur$ home means any home con/ruct$ 9 accordance ) ! con/ruction & safety /&>ds e/abli%$ "u ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edja et seq474 7,c7 ,modul> home ,! t]m modul> home means a home t is con/ruct$ 9 a factory 9 #a or m modules1 ea* ( :i* meets applicable ,/ate & local build+ codes ( ! area 9 :i* ! home w be locat$1 & t are transport$ to ! home build+ site1 in/all$ on f\ndations1 & complet$4 7#b7 ,/udy ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all conduct a /udy & submit to ,congress a report on ! co/ effectiv5ess ( (f-site con/ruction h\s+1 t includes-- 7,a7 an analysis ( ! advantages & ! impact ( c5tralization 9 a factory & transportation to a con/ruction site on co/1 precision1 & mat]ials wa/e2 7,b7 ! ext5t to :i* (f-site con/ruction h\s+ meets h\s+ quality /&>ds "u ! ,national ,/&>ds = ! ,physical ,inspection ( ,real ,e/ate1 or o!r /&>ds z ! ,secret>y may prescribe1 comp>$ to ! ext5t = site-built homes1 = su* /&>ds2 7,c7 ! expect$ replacem5t & ma9t5ance co/s ov] ! fir/ #dj ye>s ( life ( (f-site con/ruction homes comp>$ to ^? co/s = site-built homes2 & 7,d7 opportunities = use beyond s+le-family h\s+1 su* z applications 9 accessory dwell+ units1 two- to f\r-unit h\s+1 & l>ge multifamily h\s+4 #cjd4 ,price ,act ,title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq47 is am5d$-- 7#a7 9 section #aje7;a7 7#db ,u4,s4,c4 #ecje7;a771 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ ,activities & ins]t+ ,unless o!rwise au?oriz$ "u section #abc1 activities2 & 7#b7 by add+ at ! end ! foll[+3 #abc4 ,pres]vation & re9ve/m5t = community enhancem5t 7a7 ,def9itions ,9 ?is section3 7#a7 ,community developm5t f9ancial in/itution ,! t]m community developm5t f9ancial in/itution means an in/itution t has be5 c]tifi$ z a community developm5t f9ancial in/itution 7z def9$ 9 section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjb77 by ! ,secret>y ( ! ,treasury4 7#b7 ,eligible manufactur$ h\s+ community ,! t]m eligible manufactur$ h\s+ community means a manufactur$ h\s+ community t-- 7,a7 is af=dable to l[- & mod]ate-income p]sons1 z det]m9$ by ! ,secret>y1 b n m ?an #abj p]c5t ( ! area m$ian income2 & 7,b7 7i7 is own$ by ! resid5ts ( ! manufactur$ h\s+ community ?r\gh a resid5t-controll$ entity su* z a resid5t-own$ coop]ative2 or 7ii7 w be ma9ta9$ z su* a community1 & rema9 af=dable = l[- & mod]ate-income p]sons1 to ! maximum ext5t practicable & = ! longe/ p]iod feasible4 7#c7 ,eligible recipi5t ,! t]m eligible recipi5t means-- 7,a7 an eligible manufactur$ h\s+ community2 7,b7 a unit ( g5]al local gov]nm5t2 7,c7 a h\s+ au?ority2 7,d7 a resid5t-own$ community2 7,e7 a resid5t-own$ coop]ative2 7,f7 a nonpr(it entity ) h\s+ exp]tise or a consortium ( su* entities2 7,g7 a community developm5t f9ancial in/itution2 7,h7 an ,indian tribe2 7,i7 a tribally designat$ h\s+ entity2 7,j7 ! ,dep>tm5t ( ,hawaiian ,home ,l&s2 7,k7 a ,/ate2 or 7,l7 any o!r entity t is-- 7i7 an own]-op]ator ( an eligible manufactur$ h\s+ community2 & 7ii7 work+ ) an eligible manufactur$ h\s+ community4 7#d7 ,indian tribe ,! t]m ,indian tribe has ! mean+ giv5 ! t]m ,indian tribe 9 section #d ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc74 7#e7 ,manufactur$ h\s+ community ,! t]m manufactur$ h\s+ community means-- 7,a7 any community1 c\rt1 p>k1 or o!r l& "u unifi$ own]%ip develop$ & accommodat+1 or equipp$ to accommodate1 ! placem5t ( manufactur$ homes1 :]e-- 7i7 spaces )9 su* community are or w be prim>ily us$ = resid5tial occupancy2 7ii7 all homes )9 ! community are us$ = p]man5t occupancy2 & 7iii7 a majority ( su* occupi$ spaces )9 ! community are occupi$ by manufactur$ homes1 :i* may include homes con/ruct$ prior to enactm5t ( ! ,manufactur$ ,home ,con/ruction & ,safety ,/&>ds2 or 7,b7 any community t meets ! def9ition ( manufactur$ h\s+ community us$ = programs simil> to ! program "u ?is section4 7#f7 ,resid5t heal?1 safety1 & accessibility activities ,! t]m resid5t heal?1 safety1 & accessibility activities means ! recon/ruction1 repair1 or replacem5t ( manufactur$ h\s+ & manufactur$ h\s+ communities to-- 7,a7 protect ! heal? & safety ( resid5ts2 7,b7 address wea!rization & r$uce utility co/s2 or 7,c7 address accessibility ne$s = resid5ts ) disabilities4 7#g7 ,tribally designat$ h\s+ entity ,! t]m tribally designat$ h\s+ entity has ! mean+ giv5 ! t]m 9 section #d ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc74 7b7 ,e/abli%m5t ,!re is au?oriz$ a competitive grant program t ! ,secret>y %all1 by notice1 c>ry out to make aw>ds utiliz+ funds appropriat$ = su* purpose to eligible recipi5ts to c>ry out eligible projects = developm5t ( or improvem5ts to eligible manufactur$ h\s+ communities4 7c7 ,eligible projects 7#a7 ,9 g5]al ,am\nts f grants "u ?is section may be us$ =-- 7,a7 community infra/ructure1 facilities1 utilities1 & o!r l& improvem5ts 9 or s]v+ an eligible manufactur$ h\s+ community2 7,b7 recon/ruction or repair ( exi/+ h\s+ )9 an eligible manufactur$ h\s+ community2 7,c7 replacem5t ( homes )9 an eligible manufactur$ h\s+ community2 7,d7 plann+2 7,e7 resid5t heal?1 safety1 & accessibility activities 9 homes 9 an eligible manufactur$ h\s+ community2 7,f7 l& & site acquisition & infra/ructure = expansion or con/ruction ( an eligible manufactur$ h\s+ community2 7,g7 resid5t & community s]vices1 includ+ relocation assi/ance1 eviction prev5tion1 & d[n paym5t assi/ance2 & 7,h7 any o!r activity t-- 7i7 is approv$ by ! ,secret>y consi/5t ) ! requirem5ts "u ?is section2 7ii7 improves ! ov]all liv+ conditions ( an eligible manufactur$ h\s+ community1 :i* may include ! addition or enhancem5t ( %>$ spaces su* z community c5t]s1 recreational areas1 or o!r facilities t support resid5t well-be+ & community engagem5t2 & 7iii7 is necess>y to protect ! heal? & safety ( ! resid5ts ( ! eligible manufactur$ h\s+ community & ! long-t]m af=dability & su/a9ability ( ! community4 7#b7 ,replacem5t ,= purposes ( subp>agraphs 7,b7 & 7,c7 ( p>agraph 7#a71 grants "u ?is section-- 7,a7 may n be us$ = rehabilitation or mod]nization ( units t 7 built be=e ,june #ae1 #aigf2 & 7,b7 may only be us$ = disposition & replacem5t ( units describ$ 9 subp>agraph 7,a71 provid$ t any replacem5t h\s+ complies ) ! ,manufactur$ ,home ,con/ruction & ,safety ,/&>ds or is ano!r all[$ type ( home1 z det]m9$ by ! ,secret>y4 7d7 ,priority ,9 aw>d+ grants "u ?is section1 ! ,secret>y %all prioritize applicants t w c>ry out activities t prim>ily b5efit l[- & mod]ate-income resid5ts & pres]ve long-t]m h\s+ af=dability = resid5ts ( eligible manufactur$ h\s+ communities4 7e7 ,waiv]s ,! ,secret>y may waive or specify alt]native requirem5ts = any provision ( law or regulation t ! ,secret>y adm9i/]s 9 connection ) use ( am\nts made available "u ?is section o!r ?an requirem5ts relat$ to fair h\s+1 nondiscrim9ation1 labor /&>ds1 & ! environm5t1 ^u a f9d+ t ! waiv] or alt]native requirem5t is n inconsi/5t ) ! ov]all purposes ( ?is section & t ! waiv] or alt]native requirem5t is necess>y to facilitate ! use ( am\nts made available "u ?is section4 7f7 ,implem5tation 7#a7 ,9 g5]al ,any grant made "u ?is section %all be made pursuant to crit]ia = selection ( recipi5ts ( su* grants t ! ,secret>y %all by regulation e/abli% & publi% toge!r ) any notification ( availability ( am\nts "u ?is section4 7#b7 ,set-aside ( grant am\nts ,! ,secret>y may set aside am\nts provid$ "u ?is section = grants to ,indian tribes1 tribally designat$ h\s+ entities1 & ! ,dep>tm5t ( ,hawaiian ,home ,l&s4 4 ,,iv ,access+ ! ,am]ican ,dream #dja4 ,creat+ inc5tives = small doll> loan orig9ators 7a7 ,def9itions ,9 ?is section3 7#a7 ,director ,! t]m ,director means ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection4 7#b7 ,small doll> mortgage ,! t]m small doll> mortgage means a mortgage loan hav+ an orig9al pr9cipal obligation ( n m ?an #ajj1jjj t is-- 7,a7 secur$ by real prop]ty design$ = ! occupancy ( betwe5 #a & #d families2 & 7,b7 7i7 insur$ by ! ,f$]al ,h\s+ ,adm9i/ration "u title ,,ii ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjg et seq472 7ii7 made1 gu>ante$1 or insur$ by ! ,dep>tm5t ( ,vet]ans ,affairs2 7iii7 made1 gu>ante$1 or insur$ by ! ,dep>tm5t ( ,agriculture2 or 7iv7 eligible to be pur*as$ or securitiz$ by ! ,f$]al ,home ,loan ,mortgage ,corporation or ! ,f$]al ,national ,mortgage ,association4 7b7 ,requirem5t reg>d+ loan orig9ator comp5sation practices ,n lat] ?an #bgj days aft] ! date ( enactm5t ( ?is ,act1 ! ,director %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report on loan orig9ator comp5sation practices ?r\gh\t ! resid5tial mortgage m>ket1 includ+ ! relative frequ5cy ( loan orig9ators be+ comp5sat$-- 7#a7 ) a sal>y2 7#b7 ) a commission reflect+ a fix$ p]c5tage ( ! am\nt ( cr$it ext5d$2 7#c7 ) a commission bas$ on a factor o!r ?an a fix$ p]c5tage ( ! am\nt ( cr$it ext5d$2 7#d7 ) a comb9ation ( sal>y & commission2 7#e7 on a loan volume basis2 7#f7 ) a commission reflect+ a p]c5tage ( ! am\nt ( cr$it ext5d$1 = :i* a m9imum or maximum comp5sation am\nt is set2 & 7#g7 by any o!r me*anism t ! ,director may f9d to be a practice = comp5sat+ mortgage loan orig9ators1 includ+ any me*anism t provides a loan orig9ator ) comp5sation 9 su* a way t ! loan orig9ator does n necess>ily receive a l[] level ( comp5sation = orig9at+ a small doll> mortgage ?an ! loan orig9ator w\ld receive = orig9at+ a mortgage loan t is n a small doll> mortgage4 7c7 ,cont5ts ,! report requir$ "u subsection 7b7 %all include-- 7#a7 data & o!r analysis reg>d+ ! effect ( ! approa*es to loan orig9ator comp5sation describ$ 9 subsection 7b7 on ! availability ( small doll> mortgage loans2 & 7#b7 an analysis & a discussion reg>d+ pot5tial b>ri]s to small doll> mortgage l5d+4 7d7 ,rulemak+ ,foll[+ ! issuance ( ! report requir$ "u subsection 7b71 ! ,director may issue regulations to cl>ify ! =ms ( comp5sation a l5d] may use to comp5sate a loan orig9ator t-- 7#a7 are p]missible pursuant to section #abi;,b7c7 ( ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afci;b7c772 & 7#b7 w\ld result 9 ! loan orig9ator receiv+ comp5sation = orig9at+ a small doll> mortgage t is n less ?an ! comp5sation ! loan orig9ator w\ld receive = orig9at+ a mortgage loan t is n a small doll> mortgage4 #djb4 ,small doll> mortgage po9ts & fees 7a7 ,small doll> mortgage def9$ ,9 ?is section1 ! t]m small doll> mortgage means a mortgage ) an orig9al pr9cipal obligation ( less ?an #ajj1jjj4 7b7 ,am5dm5ts 7#a7 ,9 g5]al ,n lat] ?an #bgj days aft] ! date ( enactm5t ( ?is ,act1 ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection1 9 consultation ) ! ,secret>y ( ,h\s+ & ,urban ,developm5t & ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 %all evaluate ! impact ( ! ?re%olds "u section #ajbf4dc ( title #ab1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( enactm5t ( ?is ,act71 on small doll> mortgage orig9ations4 7#b7 ,rulemak+ ,foll[+ ! evaluation requir$ "u p>agraph 7#a71 ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection may promulgate regulations to am5d ! limitations ) respect to po9ts & fees "u section #ajbf4dc ( title #ab1 ,code ( ,f$]al ,regulations1 or any successor regulation1 to enc\rage additional l5d+ = small doll> mortgages4 #djc4 ,appraisal ,indu/ry ,improvem5t ,act 7a7 ,appraisal /&>ds 7#a7 ,c]tification or lic5s+ 7,a7 ,9 g5]al ,section #bjb7;g77#e7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjh7;g77#e77 is am5d$-- 7i7 by mov+ ! p>agraph two ems to ! left2 & 7ii7 by /rik+ subp>agraphs 7,a7 & 7,b7 & ins]t+ ! foll[+3 7,a7 be c]tifi$ or lic5s$ by ! ,/ate 9 :i* ! prop]ty to be apprais$ is locat$1 except t an apprais] :o has z _! prim>y duty conduct+ appraisal-relat$ activities & :o *ooses to become a ,/ate-lic5s$ or c]tifi$ real e/ate apprais] ne$ only to be lic5s$ or c]tifi$ 9 #a ,/ate or t]ritory to p]=m appraisals on mortgages insur$ by ! ,f$]al ,h\s+ ,adm9i/ration 9 all ,/ates & t]ritories2 7,b7 meet ! requirem5ts "u ! compet5cy rule set =? 9 ! ,uni=m ,/&>ds ( ,pr(essional ,appraisal ,practice be=e accept+ an assignm5t2 & 7,c7 h demon/rat$ v]ifiable education 9 ! appraisal requirem5ts e/abli%$ by ! ,f$]al ,h\s+ ,adm9i/ration "u ?is subsection1 :i* %all include ! completion ( a c\rse or sem9> t educates apprais]s on ^? appraisal requirem5ts1 :i* %all be provid$ by-- 7i7 ! ,f$]al ,h\s+ ,adm9i/ration2 or 7ii7 a ?ird p>ty1 if ! c\rse is approv$ by ! ,secret>y or a ,/ate apprais] c]tify+ or lic5s+ ag5cy4 4 7,b7 ,application ,subp>agraph 7,c7 ( section #bjb7;g77#e7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjh7;g77#e771 z add$ by subp>agraph 7,a71 %all n apply ) respect to any c]tifi$ apprais] approv$ by ! ,f$]al ,h\s+ ,adm9i/ration to conduct appraisals on prop]ty secur+ a mortgage to be insur$ by ! ,f$]al ,h\s+ ,adm9i/ration on or be=e ! effective date describ$ 9 p>agraph 7#c77;,c74 7#b7 ,compliance ) v]ifiable education & compet5cy requirem5ts ,on & aft] ! effective date describ$ 9 p>agraph 7#c77;,c71 no apprais] may conduct an appraisal on a prop]ty secur+ a mortgage to be insur$ by ! ,f$]al ,h\s+ ,adm9i/ration unless-- 7,a7 ! apprais] is 9 compliance ) ! requirem5ts ( subp>agraphs 7,a7 & 7,b7 ( section #bjb7;g77#e7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjh7;g77#e771 z am5d$ by p>agraph 7#a72 & 7,b7 if ! apprais] 0 n approv$ by ! ,f$]al ,h\s+ ,adm9i/ration to conduct appraisals on mortgages insur$ by ! ,f$]al ,h\s+ ,adm9i/ration be=e ! date on :i* ! mortgagee lett] or guidance takes effect "u p>agraph 7#c77;,c71 ! apprais] is 9 compliance ) subp>agraph 7,c7 ( su* section #bjb7;g77#e74 7#c7 ,implem5tation ,n lat] ?an ! #bdj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all issue a mortgagee lett] or guidance t-- 7,a7 implem5ts ! am5dm5ts made by p>agraph 7#a72 7,b7 cle>ly sets =? all ( ! specific requirem5ts "u section #bjb7;g77#e7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjh7;g77#e771 z am5d$ by p>agraph 7#a71 = approval to conduct appraisals on prop]ty secur$ by a mortgage to be insur$ by ! ,f$]al ,h\s+ ,adm9i/ration1 :i* %all include-- 7i7 provid+ t1 be=e ! effective date ( ! mortgagee lett] or guidance1 compliance ) ! requirem5ts "u subp>agraphs 7,a71 7,b71 & 7,c7 ( su* section #bjb7;g77#e71 z am5d$ by p>agraph 7#a71 %all be consid]$ to fulfill ! requirem5ts "u su* subp>agraphs2 & 7ii7 provid+ a me?od = apprais]s to demon/rate su* prior compliance2 & 7,c7 takes effect n lat] ?an ! date t is #ahj days aft] ! date on :i* ! ,secret>y issues ! mortgagee lett] or guidance4 7b7 ,annual regi/ry fees = appraisal managem5t companies ,section #aaji7;a7 ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #ccch7;a77 is am5d$1 9 ! matt] foll[+ clause 7ii7 ( p>agraph 7#d77;,b71 by add+ at ! end ! foll[+3 ,subject to ! approval ( ! ,c\ncil1 ! ,appraisal ,subcommittee may adju/ fees e/abli%$ "u clause 7i7 or 7ii7 to c>ry out its functions "u ?is ,act44 7c7 ,/ate cr$5tial$ tra9ees 7#a7 ,ma9t5ance on national regi/ry ,section #aajc7;a7 ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #cccb7;a77 is am5d$-- 7,a7 9 p>agraph 7#c7-- 7i7 by ins]t+ & ,/ate cr$5tial$ tra9ee apprais]s aft] lic5s$ apprais]s2 & 7ii7 by /rik+ & at ! end2 7,b7 by /rik+ p>agraph 7#d72 7,c7 by r$esignat+ p>agraphs 7#e7 & 7#f7 z p>agraphs 7#d7 & 7#e71 respectively2 & 7,d7 9 p>agraph 7#d71 z s r$esignat$-- 7i7 by /rik+ ye>4 ,! report %all also detail & ins]t+ ye>1 detail+2 7ii7 by /rik+ provide & ins]t+ provides2 & 7iii7 by /rik+ ! p]iod at ! end & ins]t+ 2 &4 7#b7 ,annual regi/ry fees 7,a7 ,9 g5]al ,section #aaji ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #ccch7 is am5d$-- 7i7 9 ! section head+1 by /rik+ c]tifi$ or lic5s$ & ins]t+ 1 c]tifi$1 lic5s$1 & cr$5tial$ tra9ee2 & 7ii7 9 subsection 7a7-- 7,i7 9 p>agraph 7#a71 by ins]t+ 1 & 9 ! case ( a ,/ate ) a sup]visory or tra9ee program1 a ro/] li/+ individuals :o h receiv$ a ,/ate tra9ee cr$5tial aft] ?is title2 & 7,,ii7 by /rik+ p>agraph 7#b7 & ins]t+ ! foll[+3 7#b7 transmit reports on ! issuance & r5ewal ( lic5ses1 c]tifications1 cr$5tials1 sanctions1 & discipl9>y actions1 includ+ lic5se1 cr$5tial1 & c]tification revocations1 on a timely basis to ! national regi/ry ( ! ,appraisal ,subcommittee2 4 7,b7 ,rule ( con/ruction ,no?+ 9 ! am5dm5ts made by subp>agraph 7,a7 %all require a ,/ate to e/abli% or op]ate a program = ,/ate cr$5tial$ tra9ee apprais]s1 z def9$ 9 p>agraph 7#ab7 ( section #aaba ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi1 z add$ by p>agraph 7#d7 ( ?is subsection4 7#c7 ,transactions requir+ ! s]vices ( a ,/ate c]tifi$ apprais] ,section #aaac ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #ccdb7 is am5d$-- 7,a7 by /rik+ ,9 det]m9+ & ins]t+ 7a7 ,9 g5]al4--,9 det]m9+2 & 7,b7 by add+ at ! end ! foll[+3 7b7 ,use ( ,/ate cr$5tial$ tra9ee apprais]s ,9 p]=m+ an appraisal "u ?is section1 a ,/ate c]tifi$ apprais] may use ! assi/ance ( a ,/ate cr$5tial$ tra9ee apprais] or an unlic5s$ tra9ee apprais]1 except t ! ,/ate c]tifi$ apprais] assi/$ by a tra9ee %all be liable = appraisal & valuation "w4 4 7#d7 ,def9ition ,section #aaba ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #ccej7 is am5d$ by add+ at ! end ! foll[+3 7#ab7 ,/ate cr$5tial$ tra9ee apprais] ,! t]m ,/ate cr$5tial$ tra9ee apprais] means an individual :o-- 7,a7 meets ! m9imum crit]ia e/abli%$ by ! ,apprais] ,qualification ,bo>d = a tra9ee apprais] cr$5tial2 & 7,b7 is cr$5tial$ by a ,/ate apprais] c]tify+ & lic5s+ ag5cy4 4 7d7 ,grants = work=ce & tra9+ ,section #aaji7;b7 ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #ccch7;b77 is am5d$-- 7#a7 9 p>agraph 7#e77;,b71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#f71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7#g7 to make grants to ,/ate apprais] c]tify+ & lic5s+ ag5cies to support ! c>ry+ out ( education & tra9+ activities or o!r activities relat$ to address+ apprais] indu/ry work=ce ne$s1 includ+ recruit+ & reta9+ work=ce tal5t1 su* z ?r\gh s*ol>%ip assi/ance & c>e] pipel9e developm5t1 & su* ag5cies %all report on ! use ( funds & outcomes4 4 7e7 ,appraisal ,subcommittee ,section #ajaa ( ! ,f$]al ,f9ancial ,in/itutions ,exam9ation ,c\ncil ,act ( #aigh 7#ab ,u4,s4,c4 #ccaj7 is am5d$1 9 ! fir/ s5t5ce1 by ins]t+ ! ,dep>tm5t ( ,vet]ans ,affairs1 ! ,rural ,h\s+ ,s]vice ( ! ,dep>tm5t ( ,agriculture1 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 aft] ,f9ancial ,protection14 #djd4 ,help+ ,m ,families ,save ,act ,section #bc ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcgu7 is am5d$ by add+ at ! end ! foll[+3 7p7 ,escr[ expansion pilot program 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,cov]$ family ,! t]m cov]$ family means a family t receives assi/ance "u section #h or #i ( ?is ,act & is enroll$ 9 ! pilot program4 7,b7 ,eligible entity ,! t]m eligible entity means an entity describ$ 9 subsection 7c77#b74 7,c7 ,pilot program ,! t]m pilot program means ! pilot program e/abli%$ "u p>agraph 7#b74 7,d7 ,welf>e assi/ance ,! t]m welf>e assi/ance has ! mean+ giv5 ! t]m 9 section #ihd4ajc ( title #bd1 ,code ( ,f$]al ,regulations1 or any successor regulation4 7#b7 ,e/abli%m5t ,! ,secret>y may e/abli% a pilot program "u :i* ! ,secret>y %all select n m ?an #be eligible entities to e/abli% & manage escr[ acc\nts = n m ?an #e1jjj cov]$ families1 9 accordance ) ?is subsection4 7#c7 ,escr[ acc\nts 7,a7 ,9 g5]al ,an eligible entity select$ to p>ticipate 9 ! pilot program-- 7i7 %all e/abli% an int]e/-be>+ escr[ acc\nt & place into ! acc\nt an am\nt equal to any increase 9 ! am\nt ( r5t paid by ea* cov]$ family 9 accordance ) ! provisions ( section #c1 #h7o71 or #h7y71 z applicable1 t is attributable to increases 9 e>n$ income by ! cov]$ families dur+ ! p>ticipation ( ea* cov]$ family 9 ! pilot program2 & 7ii7 not)/&+ any o!r provision ( law1 may use funds x controls "u section #h or #i = purposes ( mak+ ! escr[ deposit = cov]$ families assi/$ "u1 or resid+ 9 units assi/$ "u1 section #h or #i1 respectively1 provid$ su* funds are (fset by ! increase 9 ! am\nt ( r5t paid by ! cov]$ family4 7,b7 ,income limitation ,an eligible entity may n escr[ any am\nts = any cov]$ family ^: adju/$ income exce$s #hj p]c5t ( ! area m$ian income at ! "t ( enrollm5t4 7,c7 ,)drawals ,a cov]$ family may )draw funds1 includ+ int]e/ e>n$1 f an escr[ acc\nt e/abli%$ by an eligible entity "u ! pilot program-- 7i7 aft] ! cov]$ family ceases to receive welf>e assi/ance2 & 7ii7 7,i7 n e>li] ?an ! date t is #e ye>s aft] ! date on :i* ! eligible entity e/abli%es ! escr[ acc\nt "u ?is subsection2 7,,ii7 n lat] ?an ! date t is #g ye>s aft] ! date on :i* ! eligible entity e/abli%es ! escr[ acc\nt "u ?is subsection1 if ! cov]$ family *ooses to cont9ue to p>ticipate 9 ! pilot program aft] ! date t is #e ye>s aft] ! date on :i* ! eligible entity e/abli%es ! escr[ acc\nt2 7,,iii7 on ! date ! cov]$ family ceases to receive h\s+ assi/ance "u section #h or #i1 if su* date is e>li] ?an #e ye>s aft] ! date on :i* ! eligible entity e/abli%es ! escr[ acc\nt2 7,,iv7 e>li] ?an #e ye>s aft] ! date on :i* ! eligible entity e/abli%es ! escr[ acc\nt1 if ! cov]$ family is us+ ! funds to advance a self-suffici5cy goal z approv$ by ! eligible entity2 7,v7 = any reason li/$ "u section #ihd4cjc7k7 ( title #bd1 ,code ( ,f$]al ,regulations2 or 7,,vi7 "u o!r circum/ances 9 :i* ! ,secret>y det]m9es an exemption = good cause is w>rant$4 7,d7 ,int]im rec]tification ,= purposes ( ! pilot program1 a cov]$ family may rec]tify ! income ( ! cov]$ family multiple times p] ye> at ! reque/ ( ! p>ticipat+ family1 z det]m9$ by ! ,secret>y1 & n less frequ5tly ?an once p] ye>1 unless ! eligible entity has e/abli%$ an alt]native r5t /ructure ) approval f ! ,secret>y4 7,e7 ,contract or plan ,a cov]$ family is n requir$ to complete a /&>d contract ( p>ticipation or an individual tra9+ & s]vices plan 9 ord] to p>ticipate 9 ! pilot program4 7#d7 ,effect ( increases 9 family income ,any increase 9 ! e>n$ income ( a cov]$ family dur+ ! enrollm5t ( ! family 9 ! pilot program may n be consid]$ z income or a res\rce = purposes ( eligibility ( ! family = o!r b5efits1 or am\nt ( b5efits payable to ! family1 "u any program adm9i/]$ by ! ,secret>y4 7#e7 ,application 7,a7 ,9 g5]al ,an eligible entity seek+ to p>ticipate 9 ! pilot program %all submit to ! ,secret>y an application-- 7i7 at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require by notice2 & 7ii7 t includes ! numb] ( propos$ cov]$ families to be s]v$ by ! eligible entity "u ?is subsection4 7,b7 ,geographic & entity v>iety ,! ,secret>y %all ensure t eligible entities select$ to p>ticipate 9 ! pilot program-- 7i7 are locat$ across v>i\s ,/ates & 9 bo? urban & rural areas2 & 7ii7 v>y by size & type1 includ+ bo? public h\s+ ag5cies & private own]s ( projects receiv+ project-bas$ r5tal assi/ance "u section #h4 7#f7 ,notification & opt-out ,an eligible entity p>ticipat+ 9 ! pilot program %all-- 7,a7 notify cov]$ families ( _! enrollm5t 9 ! pilot program2 7,b7 provide cov]$ families ) a detail$ description ( ! pilot program1 includ+ h[ ! pilot program w impact _! r5t & f9ances2 7,c7 in=m cov]$ families t ! families _c simultane\sly p>ticipate 9 ! pilot program & ! ,family ,self-,suffici5cy program "u ?is section2 & 7,d7 provide cov]$ families ) ! ability to elect n to p>ticipate 9 ! pilot program-- 7i7 n less ?an #b weeks be=e ! date on :i* ! escr[ acc\nt is e/abli%$ "u p>agraph 7#c72 & 7ii7 at any po9t dur+ ! duration ( ! pilot program4 7#g7 ,maximum r5ts ,dur+ ! t]m ( p>ticipation by a cov]$ family 9 ! pilot program1 ! am\nt ( r5t paid by ! cov]$ family %all be calculat$ "u ! r5tal provisions ( section #c or #h7o71 z applicable4 7#h7 ,pilot program timel9e 7,a7 ,aw>ds ,n lat] ?an #a ye> aft] e/abli%+ ! pilot program1 ! ,secret>y %all select ! eligible entities to p>ticipate 9 ! pilot program4 7,b7 ,e/abli%m5t & t]m ( acc\nts ,an eligible entity select$ to p>ticipate 9 ! pilot program %all-- 7i7 n lat] ?an #f mon?s aft] selection1 e/abli% escr[ acc\nts "u p>agraph 7#c7 = cov]$ families2 & 7ii7 ma9ta9 ^? escr[ acc\nts = n less ?an #e ye>s1 or until a det]m9ation is made = t]m9ation ) ,,fss escr[ disbursem5t "u section #ihd4cjc7k7 ( title #bd1 ,code ( ,f$]al ,regulations1 or until ! date ! family ceases to receive assi/ance "u section #h or #i1 &1 at ! discretion ( ! cov]$ family1 n m ?an #g ye>s aft] ! date on :i* ! escr[ acc\nt is e/abli%$4 7#i7 ,nonp>ticipation & h\s+ assi/ance 7,a7 ,9 g5]al ,assi/ance "u section #h or #i = a family t elects n to p>ticipate 9 ! pilot program %all n be delay$ or d5i$ by reason ( su* election4 7,b7 ,no t]m9ation ,h\s+ assi/ance may n be t]m9at$ z a consequ5ce ( p>ticipat+1 or n p>ticipat+1 9 ! pilot program "u ?is subsection = any p]iod4 7#aj7 ,/udy ,n lat] ?an #aj ye>s aft] ! date ! ,secret>y selects eligible entities to p>ticipate 9 ! pilot program "u ?is subsection1 ! ,secret>y %all1 if aw>ds 7 made1 conduct a /udy & submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report on outcomes = cov]$ families "u ! pilot program1 :i* %all evaluate ! effectiv5ess ( ! pilot program 9 assi/+ families to a*ieve economic indep5d5ce & self-suffici5cy1 & ! impact coa*+ & supportive s]vices1 or ! lack !re(1 _h on individual incomes4 7#aa7 ,waiv]s ,to all[ select$ eligible entities to effectively adm9i/] ! pilot program & make ! requir$ escr[ acc\nt deposits "u ?is subsection1 ! ,secret>y may waive requirem5ts "u ?is section4 7#ab7 ,t]m9ation ,! pilot program "u ?is subsection %all t]m9ate on ! date t is #aj ye>s aft] ! date ( enactm5t ( ?is subsection4 7#ac7 ,eligible uses ( appropriations ,subject to ! appropriation ( funds1 ! ,secret>y may use funds-- 7,a7 = te*nical assi/ance relat$ to implem5tation ( ! pilot program2 & 7,b7 to c>ry out an evaluation ( ! pilot program "u p>agraph 7#aj74 4 #dje4 ,*oice 9 ,af=dable ,h\s+ ,act 7a7 ,satisfaction ( inspection requirem5ts ?r\gh p>ticipation 9 o!r h\s+ programs ,section #h7o77#h7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o77#h77 is am5d$ by add+ at ! end ! foll[+3 7,i7 ,satisfaction ( inspection requirem5ts ?r\gh p>ticipation 9 o!r h\s+ programs 7i7 ,l[-income h\s+ tax cr$it-f9anc$ build+s ,a dwell+ unit %all be deem$ to meet ! inspection requirem5ts "u ?is p>agraph if-- 7,i7 ! dwell+ unit is 9 a build+1 ! acquisition1 rehabilitation1 or con/ruction ( :i* 0 done by a build+ own] :o may be eligible = l[-income h\s+ cr$its because ! build+ _h be5 allocat$ a h\s+ cr$it doll> am\nt "u section #db7;h7 ( ! ,int]nal ,rev5ue ,code ( #aihf or is describ$ 9 section #db7;h77#d7 ( su* ,code 7conc]n+ build+s t meet a crit]ion = a c]ta9 am\nt ( tax-exempt f9anc+72 7,,ii7 ! dwell+ unit1 dur+ ! prec$+ #ab-mon? p]iod1 0 physically inspect$ & satisfi$ ! suitability-=-occupancy requirem5t 9 section #db7;i77#c77;,b77ii7 ( su* ,code2 & 7,,iii7 ! applicable public h\s+ ag5cy p]=m$ ! inspection itself or is able to obta9 ! results ( ! inspection describ$ 9 subclause 7,,ii74 7ii7 ,home ,inve/m5t ,p>tn]%ips ,program ,a dwell+ %all be deem$ to meet ! inspection requirem5ts "u ?is p>agraph if-- 7,i7 ! dwell+ unit is assi/$ "u ! ,,home ,inve/m5t ,p>tn]%ips ,program "u title ,,ii ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgba et seq472 7,,ii7 ! dwell+ unit 0 physically inspect$ & pass$ inspection z "p ( ! program describ$ 9 subclause 7,i7 dur+ ! prec$+ #ab-mon? p]iod2 & 7,,iii7 ! applicable public h\s+ ag5cy is able to obta9 ! results ( ! inspection describ$ 9 subclause 7,,ii74 7iii7 ,rural ,h\s+ ,s]vice ,a dwell+ unit %all be deem$ to meet ! inspection requirem5ts "u ?is p>agraph if-- 7,i7 ! dwell+ unit is assi/$ by ! ,rural ,h\s+ ,s]vice ( ! ,dep>tm5t ( ,agriculture2 7,,ii7 ! dwell+ unit 0 physically inspect$ & pass$ inspection 9 connection ) ! assi/ance describ$ 9 subclause 7,i7 dur+ ! prec$+ #ab-mon? p]iod2 & 7,,iii7 ! applicable public h\s+ ag5cy is able to obta9 ! results ( ! inspection describ$ 9 subclause 7,,ii74 7iv7 ,remote or video inspections ,:5 comply+ ) inspection requirem5ts = a h\s+ unit locat$ 9 a rural or small area us+ assi/ance "u ?is section1 ! ,secret>y may all[ a grantee to conduct a remote or video inspection ( a unit4 7v7 ,rule ( con/ruction ,no?+ 9 clause 7i71 7ii71 7iii71 or 7iv7 %all be con/ru$ to affect ! op]ation ( a h\s+ program describ$ 91 or au?oriz$ "u a provision ( law describ$ 91 t clause4 4 7b7 ,pre-approval ( units ,section #h7o77#h77;,a7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o77#h77;,a77 is am5d$ by add+ at ! end ! foll[+3 7iv7 ,initial inspection prior to lease agreem5t 7,i7 ,def9ition ,9 ?is clause1 ! t]m new l&lord means an own] ( a dwell+ unit :o has n previ\sly ent]$ into a h\s+ assi/ance paym5t contract ) a public h\s+ ag5cy "u ?is subsection = any dwell+ unit4 7,,ii7 ,e>ly inspection ,^u ! reque/ ( a new l&lord1 a public h\s+ ag5cy may inspect ! dwell+ unit own$ by ! new l&lord to det]m9e :e!r ! unit meets ! h\s+ quality /&>ds "u subp>agraph 7,b7 be=e ! unit is select$ by a t5ant assi/$ "u ?is subsection4 7,,iii7 ,effect ,an inspection conduct$ "u subclause 7,,ii7 t det]m9es t ! dwell+ unit meets ! h\s+ quality /&>ds "u subp>agraph 7,b7 %all satisfy ?is subp>agraph & subp>agraph 7,c7 if ! new l&lord ent]s into a lease agreem5t ) a t5ant assi/$ "u ?is subsection n lat] ?an #fj days aft] ! date ( ! inspection4 7,,iv7 ,in=mation :5 family is select$ ,:5 a public h\s+ ag5cy selects a family to p>ticipate 9 ! t5ant-bas$ assi/ance program "u ?is subsection1 ! public h\s+ ag5cy %all include 9 ! in=mation provid$ to ! family a li/ ( dwell+ units t h be5 inspect$ "u subclause 7,,ii7 & det]m9$ to meet ! h\s+ quality /&>ds "u subp>agraph 7,b74 4 ,v ,program ,re=m #eja4 ,re=m+ ,disa/] ,recov]y ,act 7a7 ,def9itions ,9 ?is section3 7#a7 ,dep>tm5t ,! t]m ,dep>tm5t means ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 7#b7 ,fund ,! t]m ,fund means ! ,long-,t]m ,disa/] ,recov]y ,fund e/abli%$ "u subsection 7c74 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,duties ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t 7#a7 ,9 g5]al ,! (fices & (fic]s ( ! ,dep>tm5t %all be responsible =-- 7,a7 lead+ & coord9at+ ! disa/]-relat$ responsibilities ( ! ,dep>tm5t "u ! ,national ,response ,framework1 ! ,national ,disa/] ,recov]y ,framework1 & ! ,national ,mitigation ,framework2 7,b7 coord9at+ & adm9i/]+ programs1 policies1 & activities ( ! ,dep>tm5t relat$ to disa/] relief1 long-t]m recov]y1 resili5cy1 & mitigation1 includ+ disa/] recov]y assi/ance "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq472 7,c7 support+ disa/]-impact$ communities z ^? communities specifically assess1 plan =1 & address ! h\s+ /ock & h\s+ ne$s 9 ! transition f em]g5cy %elt]s & int]im h\s+ to p]man5t h\s+ ( ^? displac$1 especially among vuln]able populations & extremely l[-1 l[-1 & mod]ate-income h\seholds2 7,d7 collaborat+ ) ! ,f$]al ,em]g5cy ,managem5t ,ag5cy & ! ,small ,bus9ess ,adm9i/ration & across ! ,dep>tm5t to align disa/]-relat$ regulations & policies1 includ+ incorporation ( cons5sus-bas$ codes & /&>ds & insurance pur*ase requirem5ts1 & ensur+ coord9ation & r$uc+ duplication among o!r ,f$]al disa/] recov]y programs2 7,e7 promot+ be/ practices 9 mitigation & resili5t l& use plann+2 7,f7 coord9at+ te*nical assi/ance1 includ+ mitigation1 resili5cy1 & recov]y tra9+ & in=mation on all relevant legal & regulatory requirem5ts1 to entities t receive disa/] recov]y assi/ance "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq47 t demon/rate capacity con/ra9ts2 & 7,g7 support+ ,/ate1 ,tribal1 & local gov]nm5ts 9 develop+1 coord9at+1 & ma9ta9+ _! capacity = disa/] resili5ce & recov]y & develop+ pre-disa/] recov]y & haz>d mitigation plans1 9 coord9ation ) ! ,f$]al ,em]g5cy ,managem5t ,ag5cy & o!r ,f$]al ag5cies4 7#b7 ,e/abli%m5t ( ! ,(fice ( ,disa/] ,managem5t & ,resili5cy ,section #d ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,act 7#db ,u4,s4,c4 #cecc7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,(fice ( ,disa/] ,managem5t & ,resili5cy 7#a7 ,e/abli%m5t ,!re is e/abli%$ ! ,(fice ( ,disa/] ,managem5t & ,resili5cy4 7#b7 ,duties ,! ,(fice ( ,disa/] ,managem5t & ,resili5cy %all-- 7,a7 be responsible = ov]sight & coord9ation ( all dep>tm5tal disa/] prep>$ness & response responsibilities2 & 7,b7 coord9ate ) ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 ! ,small ,bus9ess ,adm9i/ration1 & o!r (fices ( ! ,dep>tm5t 9 support+ recov]y & resili5ce activities to provide a compreh5sive approa* 9 work+ ) communities4 4 7c7 ,long-,t]m ,disa/] ,recov]y ,fund 7#a7 ,e/abli%m5t ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates an acc\nt to be kn[n z ! ,long-,t]m ,disa/] ,recov]y ,fund4 7#b7 ,deposits1 transf]s1 & cr$it 7,a7 ,9 g5]al ,! ,fund %all consi/ ( am\nts appropriat$1 transf]r$1 & cr$it$ to ! ,fund4 7,b7 ,transf]s ,! foll[+ may be transf]r$ to ! ,fund3 7i7 ,am\nts made available ?r\gh section #ajf7;c77#d7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjf7;c77#d77 z a result ( actions tak5 "u section #ajd7;e71 #aaa1 or #abd7;j7 ( su* ,act4 7ii7 ,any unobligat$ balances available until exp5d$ rema9+ or subsequ5tly recaptur$ f am\nts appropriat$ = any disa/] & relat$ purposes "u ! head+ ,community ,developm5t ,fund 9 any ,act prior to ! e/abli%m5t ( ! ,fund4 7,c7 ,use ( transf]r$ am\nts ,am\nts transf]r$ to ! ,fund %all be us$ = ! eligible uses describ$ 9 p>agraph 7#c74 7#c7 ,eligible uses ( fund 7,a7 ,9 g5]al ,am\nts 9 ! ,fund %all be available-- 7i7 to provide assi/ance 9 ! =m ( grants "u section #abd ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd1 z add$ by subsection 7d72 & 7ii7 = activities ( ! ,dep>tm5t t support ! provision ( su* assi/ance1 includ+ necess>y sal>ies & exp5ses1 in=mation te*nology1 & capacity build+1 te*nical assi/ance1 & pre-disa/] read9ess4 7,b7 ,set-aside ,( ea* am\nt appropriat$ = or transf]r$ to ! ,fund1 #c p]c5t %all be made available = activities describ$ 9 subp>agraph 7,a77ii71 :i* %all be 9 addition to o!r am\nts made available = ^? activities4 7,c7 ,transf] ( funds ,) respect to am\nts made available = use 9 accordance ) subp>agraph 7,b7-- 7i7 am\nts may be transf]r$ to ! acc\nt "u ! head+ = ,program ,(fices--,sal>ies & ,exp5ses--,community ,plann+ & ,developm5t1 or any successor acc\nt1 = ! ,dep>tm5t to c>ry out activities describ$ 9 subp>agraph7,b72 & 7ii7 am\nts may be us$ = ! activities describ$ 9 subp>agraph 7,a77ii7 & = ! adm9i/rative co/s ( adm9i/]+ any funds appropriat$ to ! ,dep>tm5t "u ! head+ ,community ,plann+ & ,developm5t--,community ,developm5t ,fund = any major disa/] decl>$ "u section #dja ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj7 9 any ,act be=e ! e/abli%m5t ( ! ,fund4 7,d7 ,inspector ,g5]al 7i7 ,9 g5]al ,n less ?an "o-t5? ( #a p]c5t ( ea* s]ies ( aw>ds ! ,secret>y makes f ! ,fund %all be transf]r$ to ! acc\nt "u ! head+ ,(fice ( ,inspector ,g5]al = ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t to support audit activities & to inve/igate grantee noncompliance ) program requirem5ts & wa/e1 fraud1 & abuse z a result ( appropriations made available ?r\gh ! ,fund4 7ii7 ,availability ,fund+ "u clause 7i7 %all n be made available to ! ,(fice ( ,inspector ,g5]al until #ij days aft] ! date on :i* ! grantee plan or supplem5tal plan = ! grantee is approv$ by ! ,secret>y "u subsection 7c7 or 7f77#c77;,c7 ( section #abd ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd1 z add$ by subsection 7d71 is approv$ by ! ,secret>y4 7#d7 ,int]*angeability ( prior adm9i/rative am\nts ,any am\nts appropriat$ 9 any ,act prior to ! e/abli%m5t ( ! ,fund & transf]r$ to ! acc\nt "u ! head+ ,program ,(fices--,sal>ies & ,exp5ses--,community ,plann+ & ,developm5t1 or any pr$ecessor acc\nt1 = ! ,dep>tm5t = ! co/s ( adm9i/]+ funds appropriat$ to ! ,dep>tm5t "u ! head+ ,community ,plann+ & ,developm5t--,community ,developm5t ,fund = any major disa/] decl>$ "u section #dja ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj7 %all be available = ! co/s ( adm9i/]+ any su* funds provid$ by any prior or future ,act1 not)/&+ ! purposes = :i* ^? am\nts 7 appropriat$ & 9 addition to any am\nt provid$ = ! same purposes 9 o!r appropriations ,acts4 7#e7 ,availability ( am\nts ,am\nts appropriat$1 transf]r$1 & cr$it$ to ! ,fund %all rema9 available until exp5d$4 7#f7 ,=mula allocation ,use ( am\nts 9 ! ,fund = grants %all be made by =mula allocation 9 accordance ) ! requirem5ts ( section #abd7;a7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd1 z add$ by subsection 7d74 7d7 ,e/abli%m5t ( ,,cdbg ,disa/] ,recov]y ,program ,title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq471 z am5d$ by ?is ,act1 is am5d$-- 7#a7 9 section #ajb7;a7 7#db ,u4,s4,c4 #ecjb7;a77-- 7,a7 9 p>agraph 7#bj7-- 7i7 by r$esignat+ subp>agraph 7,b7 z subp>agraph 7,c72 7ii7 9 subp>agraph 7,c71 z s r$esignat$1 by ins]t+ or 7,b7 aft] subp>agraph 7,a72 & 7iii7 by ins]t+ aft] subp>agraph 7,a7 ! foll[+3 7,b7 ,! t]m p]sons ( extremely l[ income means families & individuals ^: income levels d n exce$ h\sehold income levels det]m9$ by ! ,secret>y "u section #c7;b77#b7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7b77#b77;,c771 except t ! ,secret>y may provide alt]native def9itions = ! ,commonweal? ( ,pu]to ,rico1 ,guam1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 ! ,unit$ ,/ates ,virg9 ,isl&s1 & ,am]ican ,samoa4 2 & 7,b7 by add+ at ! end ! foll[+3 7#be7 ,! t]m major disa/] has ! mean+ giv5 ! t]m 9 section #ajb ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eabb74 2 7#b7 9 section #ajf7;c77#d7 7#db ,u4,s4,c4 #ecjf7;c77#d77-- 7,a7 9 subp>agraph 7,a7-- 7i7 by /rik+ decl>$ by ! ,presid5t "u ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act2 7ii7 by ins]t+ ,/ates = use 9 non5titlem5t areas & to be=e metropolitan cities2 & 7iii7 by ins]t+ major aft] affect$ by !2 7,b7 9 subp>agraph 7,c7-- 7i7 by /rik+ metropolitan city or & ins]t+ ,/ate1 metropolitan city1 or2 7ii7 by /rik+ city or c\nty & ins]t+ ,/ate1 city1 or c\nty2 & 7iii7 by ins]t+ major be=e disa/]2 7,c7 9 subp>agraph 7,d71 by /rik+ metropolitan cities & & ins]t+ ,/ates1 metropolitan cities1 &2 7,d7 9 subp>agraph 7,f7-- 7i7 by /rik+ metropolitan city or & ins]t+ ,/ate1 metropolitan city1 or2 & 7ii7 by ins]t+ major be=e disa/]2 & 7,e7 9 subp>agraph 7,g71 by /rik+ metropolitan city or & ins]t+ ,/ate1 metropolitan city1 or2 7#c7 9 section #abb 7#db ,u4,s4,c4 #ecba71 by /rik+ disa/] "u title ,,iv ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act & ins]t+ major disa/]2 & 7#d7 by add+ at ! end ! foll[+3 #abd4 ,community developm5t block grant disa/] recov]y program 7a7 ,au?orization1 =mula1 & allocation 7#a7 ,au?orization ,! ,secret>y is au?oriz$ to make community developm5t block grant disa/] recov]y grants f ! ,long-,t]m ,disa/] ,recov]y ,fund e/abli%$ "u section #eja7;c7 ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act 7h]e9aft] ref]r$ to z ! ,fund7 = necess>y exp5ses = activities au?oriz$ "u subsection 7f77#a7 relat$ to disa/] relief1 long-t]m recov]y1 re/oration ( h\s+ & infra/ructure1 economic revitalization1 & mitigation 9 ! mo/ impact$ & di/ress$ areas result+ f a cata/rophic major disa/]4 7#b7 ,grant aw>ds ,grants %all be aw>d$ "u ?is section to ,/ates1 units ( g5]al local gov]nm5t1 & ,indian tribes bas$ on capacity & ! conc5tration ( damage1 z det]m9$ by ! ,secret>y1 to support ! effici5t & effective adm9i/ration ( funds4 7#c7 ,section #ajf allocations ,grants "u ?is section %all n be consid]$ relevant to ! =mula allocations made pursuant to section #ajf4 7#d7 ,f$]al ,regi/] notice 7,a7 ,9 g5]al ,n lat] ?an #cj days aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all issue a notice 9 ! ,f$]al ,regi/] conta9+ ! late/ =mula allocation me?odologies us$ to det]m9e ! total e/imate ( unmet ne$s relat$ to h\s+1 economic revitalization1 & infra/ructure 9 ! mo/ impact$ & di/ress$ areas result+ f a cata/rophic major disa/]4 7,b7 ,public comm5t ,if ! ,secret>y has n already reque/$ public comm5t on ! =mula describ$ 9 ! notice requir$ by subp>agraph 7,a71 ! ,secret>y %all solicit public comm5ts on-- 7i7 ! me?odologies describ$ 9 subp>agraph 7,a7 & seek alt]native me?ods = =mula allocation )9 a simil> total am\nt ( fund+2 7ii7 ! impact ( =mula me?odologies on rural areas & ,tribal areas2 7iii7 adju/m5ts to improve t>get+ to ! mo/ s]i\s ne$s2 7iv7 objective crit]ia = grantee capacity & conc5tration ( damage to in=m grantee det]m9ations & m9imum allocation ?re%olds2 & 7v7 rese>* & data to in=m an additional am\nt to be provid$ = mitigation dep5d+ on type ( disa/]1 :i* %all be up to #ah p]c5t ( ! total e/imate ( unmet ne$s4 7#e7 ,regulations 7,a7 ,9 g5]al ,! ,secret>y %all1 by regulation1 e/abli% a =mula to allocate assi/ance f ! ,fund to ! mo/ impact$ & di/ress$ areas result+ f a cata/rophic major disa/]4 7,b7 ,=mula requirem5ts ,! =mula e/abli%$ "u subp>agraph 7,a7 %all-- 7i7 set =? crit]ia to det]m9e t a major disa/] is cata/rophic1 :i* crit]ia %all consid] ! pres5ce ( a high conc5tration ( damag$ h\s+ or bus9esses t individual1 ,/ate1 ,tribal1 & local res\rces c\ld n reasonably be expect$ to address )\t additional ,f$]al assi/ance or o!r nationally encompass+ data t ! ,secret>y det]m9es are adequate to assess relative impact & di/ress across geographic areas2 7ii7 include a me?odology = id5tify+ mo/ impact$ & di/ress$ areas1 :i* %all consid] unmet s]i\s ne$s relat$ to h\s+1 economic revitalization1 & infra/ructure2 7iii7 include an allocation calculation t consid]s ! unmet s]i\s ne$s result+ f ! cata/rophic major disa/] & an additional am\nt up to #ah p]c5t = activities to r$uce risks ( loss result+ f o!r natural disa/]s 9 ! mo/ impact$ & di/ress$ area1 prim>ily = ! b5efit ( l[- & mod]ate-income p]sons1 ) p>ticul> focus on activities t r$uce repetitive loss ( prop]ty & critical infra/ructure2 & 7iv7 e/abli% objective crit]ia = p]iodic review & updates to ! =mula to reflect *anges 9 available data4 7,c7 ,m9imum allocation ?re%old ,! ,secret>y %all1 by regulation1 e/abli% a m9imum allocation ?re%old4 7,d7 ,int]im allocation ,until su* "t t ! ,secret>y issues f9al regulations "u ?is p>agraph1 ! ,secret>y %all-- 7i7 allocate assi/ance f ! ,fund us+ ! =mula allocation me?odology publi%$ 9 accordance ) p>agraph 7#d72 & 7ii7 include an additional am\nt = mitigation ( up to #ah p]c5t ( ! total e/imate ( unmet ne$4 7#f7 ,allocation ( funds 7,a7 ,9 g5]al ,! ,secret>y %all-- 7i7 except z provid$ 9 clause 7ii71 n lat] ?an #ij days aft] ! ,presid5t decl>es a major disa/]1 use be/ available data to det]m9e :e!r ! major disa/] is cata/rophic & qualifies = assi/ance "u ! =mula describ$ 9 p>agraph 7#d7 or 7#e71 unless data is insuffici5t to make ?is det]m9ation2 & 7ii7 if ! be/ available data is insuffici5t to make ! det]m9ation requir$ "u clause 7i7 )9 ! #ij-;day p]iod describ$ 9 t clause1 det]m9e :e!r ! major disa/] qualifies :5 suffici5t data becomes available1 b 9 no case %all ! ,secret>y make ! det]m9ation lat] ?an #abj days aft] ! decl>ation ( ! major disa/]4 7,b7 ,ann\ncem5t ( allocation ,if am\nts are available 9 ! ,fund at ! "t ! ,secret>y det]m9es t ! major disa/] is cata/rophic & qualifies = assi/ance "u ! =mula describ$ 9 p>agraph 7#d7 or 7#e71 ! ,secret>y %all imm$iately ann\nce an allocation = a grant "u ?is section4 7,c7 ,additional am\nts ,if additional am\nts are appropriat$ to ! ,fund aft] am\nts are allocat$ "u subp>agraph 7,b71 ! ,secret>y %all ann\nce an allocation or additional allocation 7if a prior allocation "u subp>agraph 7,b7 0 less ?an ! =mula calculation7 )9 #ae days ( any su* appropriation4 7#g7 ,prelim9>y fund+ 7,a7 ,9 g5]al ,to spe$ recov]y1 ! ,secret>y is au?oriz$ to allocate & aw>d prelim9>y grants f ! ,fund be=e mak+ a det]m9ation "u p>agraph 7#f77;,a7 if ! ,secret>y projects1 bas$ on a prelim9>y assessm5t ( impact & di/ress1 t a major disa/] is cata/rophic & w\ld likely qualify = fund+ "u ! =mula describ$ 9 p>agraph 7#d7 or 7#e74 7,b7 ,am\nt 7i7 ,maximum ,! ,secret>y may aw>d prelim9>y fund+ "u subp>agraph 7,a7 9 an am\nt t is n m ?an #e1jjj1jjj4 7ii7 ,slid+ scale ,! ,secret>y %all1 by regulation1 e/abli% a slid+ scale = prelim9>y fund+ aw>d$ "u subp>agraph 7,a7 bas$ on ! size ( ! prelim9>y assessm5t ( impact & di/ress4 7,c7 ,use ( funds ,! uses ( prelim9>y fund+ aw>d$ "u subp>agraph 7,a7 %all be limit$ to eligible activities t-- 7i7 9 ! det]m9ation ( ! ,secret>y1 w support fa/] recov]y1 improve ! ability ( ! grantee to assess unmet recov]y ne$s1 plan = ! prev5tion ( improp] paym5ts1 & r$uce fraud1 wa/e1 & abuse2 & 7ii7 may include evaluat+ ! int]im h\s+1 p]man5t h\s+1 & supportive s]vice ne$s ( ! disa/] impact$ community1 ) special att5tion to vuln]able populations1 su* z homeless & l[- to mod]ate-income h\seholds1 to in=m ! grantee action plan requir$ "u subsection 7c74 7,d7 ,consid]ation ( fund+ ,prelim9>y fund+ aw>d$ "u subp>agraph 7,a7-- 7i7 is n subject to ! c]tification requirem5ts ( subsection 7h77#b72 & 7ii7 %all n be consid]$ :5 calculat+ ! am\nt ( ! grant us$ = adm9i/rative co/s1 te*nical assi/ance1 & plann+ activities t are subject to ! requirem5ts "u subsection 7f77#c74 7,e7 ,waiv] ,to exp$ite ! use ( prelim9>y fund+ = activities describ$ 9 ?is p>agraph1 ! ,secret>y may waive or specify alt]native requirem5ts to ! requirem5ts ( ?is section 9 accordance ) subsection 7i74 7,f7 ,am5d$ aw>d 7i7 ,9 g5]al ,an aw>d = prelim9>y fund+ "u subp>agraph 7,a7 may be am5d$ to add any subsequ5t am\nt aw>d$ because ( a det]m9ation by ! ,secret>y t a major disa/] is cata/rophic & qualifies = assi/ance "u ! =mula4 7ii7 ,applicability ,not)/&+ subp>agraph 7,d71 am\nts provid$ by an am5dm5t "u clause 7i7 are subject to ! requirem5ts "u subsections 7f77#a7 & 7h77#a7 & o!r requirem5ts on grant funds "u ?is section4 7,g7 ,te*nical assi/ance ,concurr5t ) ! allocation ( any prelim9>y fund+ aw>d$ "u ?is p>agraph1 ! ,secret>y %all assign or provide te*nical assi/ance to ! recipi5t ( ! grant4 7b7 ,int]*angeability 7#a7 ,9 g5]al ,! ,secret>y is au?oriz$ to approve ! use ( grants "u ?is section to be us$ int]*angeably & )\t limitation = ! same activities 9 ! mo/ impact$ & di/ress$ areas result+ f a decl>ation ( ano!r cata/rophic major disa/] t qualifies = assi/ance "u ! =mula e/abli%$ "u p>agraph 7#d7 or 7#e7 ( subsection 7a7 or a major disa/] = :i* ! ,secret>y allocat$ funds made available "u ! head+ ,community ,developm5t ,fund 9 any ,act prior to ! e/abli%m5t ( ! ,fund4 7#b7 ,requirem5ts ,! ,secret>y %all e/abli% requirem5ts to exp$ite ! use ( grants "u ?is section = ! purpose describ$ 9 p>agraph 7#a74 7#c7 ,em]g5cy designation ,am\nts repurpos$ pursuant to ?is subsection t 7 previ\sly designat$ by ,congress z an em]g5cy requirem5t pursuant to ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe or a concurr5t resolution on ! budget are designat$ by ! ,congress z be+ = an em]g5cy requirem5t pursuant to section #djja7;a77#a7 ( ,s4 ,con4 ,res4 #ad 7#aag? ,congress71 ! concurr5t resolution on ! budget = fiscal ye> #bjbb1 & to legislation e/abli%+ fiscal ye> #bjbf budget en=cem5t 9 ! ,h\se ( ,repres5tatives4 7c7 ,grantee plans 7#a7 ,requirem5t ,n lat] ?an #ij days aft] ! date on :i* ! ,secret>y ann\nces a grant allocation "u ?is section1 unless an ext5sion is grant$ by ! ,secret>y1 ! grantee %all submit to ! ,secret>y a plan = approval describ+-- 7,a7 ! activities ! grantee w c>ry out ) ! grant "u ?is section2 7,b7 ! crit]ia ( ! grantee = aw>d+ assi/ance & select+ activities2 7,c7 h[ ! use ( ! grant "u ?is section w address disa/] relief1 long-t]m recov]y1 re/oration ( h\s+ & infra/ructure1 economic revitalization1 & mitigation 9 ! mo/ impact$ & di/ress$ areas2 7,d7 h[ ! use ( ! grant funds = mitigation is consi/5t ) haz>d mitigation plans submitt$ to ! ,f$]al ,em]g5cy ,managem5t ,ag5cy "u section #cbb ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eafe72 7,e7 ! e/imat$ am\nt propos$ to be us$ = activities t w b5efit p]sons ( l[ & mod]ate income2 7,f7 h[ ! use ( grant funds w repair & replace exi/+ h\s+ /ock = vuln]able populations1 includ+ l[- to mod]ate-income h\seholds2 7,g7 h[ ! grantee w address ! priorities describ$ 9 p>agraph 7#e72 7,h7 h[ uses ( funds are proportional to unmet ne$s1 z requir$ "u p>agraph 7#f72 7,i7 = ,/ate grantees t plan to di/ribute grant am\nts to units ( g5]al local gov]nm5t1 a description ( ! me?od ( di/ribution2 & 7,j7 su* o!r in=mation z may be det]m9$ by ! ,secret>y 9 regulation4 7#b7 ,public consultation ,to p]mit public exam9ation & appraisal ( ! plan describ$ 9 p>agraph 7#a71 to enhance ! public acc\ntability ( grantee1 & to facilitate coord9ation ( activities ) diff]5t levels ( gov]nm5t1 :5 develop+ ! plan or sub/antial am5dm5ts propos$ to ! plan requir$ "u p>agraph 7#a71 a grantee %all-- 7,a7 publi% ! plan be=e adoption2 7,b7 provide citiz5s1 affect$ units ( g5]al local gov]nm5t1 & o!r int]e/$ p>ties ) reasonable notice (1 & opportunity to comm5t on1 ! plan1 ) a public comm5t p]iod ( n less ?an #ad days2 7,c7 consid] comm5ts receiv$ be=e submission to ! ,secret>y2 7,d7 foll[ a citiz5 p>ticipation plan = disa/] assi/ance adopt$ by ! grantee t1 at a m9imum1 provides = p>ticipation ( resid5ts ( ! mo/ impact$ & di/ress$ area affect$ by ! major disa/] t result$ 9 ! grant "u ?is section & o!r consid]ations e/abli%$ by ! ,secret>y2 & 7,e7 und]take any consultation ) int]e/$ p>ties z may be det]m9$ by ! ,secret>y 9 regulation4 7#c7 ,approval ,! ,secret>y %all-- 7,a7 by regulation1 specify crit]ia = ! approval1 p>tial approval1 or disapproval ( a plan submitt$ "u p>agraph 7#a71 includ+ approval ( sub/antial am5dm5ts to ! plan2 7,b7 review a plan submitt$ "u p>agraph 7#a7 ^u receipt ( ! plan2 7,c7 all[ a grantee to revise & resubmit a plan or sub/antial am5dm5t to a plan "u p>agraph 7#a7 t ! ,secret>y disapproves2 7,d7 by regulation1 specify crit]ia = :5 ! grantee %all be requir$ to provide ! requir$ revisions to a disapprov$ plan or sub/antial am5dm5t "u p>agraph 7#a7 = public comm5t prior to resubmission ( ! plan or sub/antial am5dm5t to ! ,secret>y2 & 7,e7 approve1 p>tially approve1 or disapprove a plan or sub/antial am5dm5t "u p>agraph 7#a7 n lat] ?an #fj days aft] ! date on :i* ! plan or sub/antial am5dm5t is receiv$ by ! ,secret>y4 7#d7 ,l[- & mod]ate-income ov]all b5efit 7,a7 ,use ( funds ,n less ?an #gj p]c5t ( a grant made "u ?is section %all be us$ = activities t b5efit p]sons ( l[ & mod]ate income unless ! ,secret>y-- 7i7 specifically f9ds t-- 7,i7 !re is compell+ ne$ to r$uce ! p]c5tage = ! grant2 & 7,,ii7 ! h\s+ ne$s ( l[- & mod]ate-income p]sons h be5 address$2 & 7ii7 issues a waiv] & alt]native requirem5t specific to ! grant pursuant to subsection 7i7 to l[] ! p]c5tage4 7,b7 ,regulations ,! ,secret>y %all1 by regulation1 e/abli% protocols t reflect ! requir$ use ( funds "u subp>agraph 7,a71 includ+ p]sons ) extremely & v l[ incomes4 7#e7 ,prioritization ,! grantee %all prioritize activities t-- 7,a7 assi/ p]sons ) extremely l[-1 l[-1 & mod]ate-incomes & o!r vuln]able populations to bett] recov] f & )/& future disa/]s2 7,b7 address h\s+ ne$s aris+ f a disa/]1 or ^? ne$s pres5t prior to a disa/]1 includ+ ! ne$s ( bo? r5t]s & home[n]s2 7,c7 prolong ! life ( h\s+ & infra/ructure2 7,d7 use co/-effective means ( prev5t+ h>m to p & prop]ty & incorporate protective features & r$undancies2 & 7,e7 o!r measures t w assure ! cont9uation ( critical s]vices dur+ future disa/]s4 7#f7 ,proportional allocation ,= ea* specific disa/]1 a grantee "u ?is section %all allocate grant funds proportional to unmet ne$s betwe5 h\s+ activities = r5t]s & home[n]s1 economic revitalization1 & infra/ructure unless ! ,secret>y specifically f9ds t-- 7,a7 !re is a compell+ ne$ = a disproportional allocation among ^? unmet ne$s2 & 7,b7 ! disproportional allocation describ$ 9 subp>agraph 7,a7 is n inconsi/5t ) ! requirem5ts "u p>agraph 7#d74 7#g7 ,disa/] risk mitigation 7,a7 ,def9ition ,9 ?is p>agraph1 ! t]m haz>d-prone areas-- 7i7 means areas id5tifi$ by ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 at risk f natural haz>ds t ?reat5 prop]ty damage or heal?1 safety1 & welf>e1 su* z floods1 wildfires 7includ+ ,wildl&-,urban ,int]face areas71 e>?quakes1 lava inundation1 tornados1 & high w9ds2 & 7ii7 includes areas hav+ special flood haz>ds z id5tifi$ "u ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djjb et seq47 or ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq474 7,b7 ,haz>d-prone areas ,! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 %all e/abli% m9imum con/ruction /&>ds1 insurance pur*ase requirem5ts1 & o!r requirem5ts = ! use ( grant funds 9 haz>d-prone areas4 7,c7 ,special flood haz>ds 7i7 ,9 g5]al ,= ! areas describ$ 9 subp>agraph 7,a77ii71 ! insurance pur*ase requirem5ts e/abli%$ "u subp>agraph 7,b7 %all meet or exce$ ! requirem5ts "u section #ajb7;a7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7a774 7ii7 ,treatm5t z f9ancial assi/ance ,all grants "u ?is section %all be treat$ z f9ancial assi/ance = purposes ( section #c7;a77#c7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djjc7;a77#c774 7,d7 ,consid]ation ( future risks ,! ,secret>y may consid] future risks to protect+ prop]ty & heal?1 safety1 & g5]al welf>e1 & ! likelihood ( ^? risks1 :5 mak+ ! det]m9ation ( or modification to haz>d-prone areas "u ?is p>agraph4 7#h7 ,relocation 7,a7 ,9 g5]al ,! ,uni=m ,relocation ,assi/ance & ,real ,prop]ty ,acquisition ,policies ,act ( #aigj 7#db ,u4,s4,c4 #dfja et seq47 %all apply to activities assi/$ "u ?is section to ! ext5t det]m9$ by ! ,secret>y 9 regulation1 or z provid$ 9 waiv]s or alt]native requirem5ts au?oriz$ 9 accordance ) subsection 7i74 7,b7 ,policy ,ea* grantee "u ?is section %all e/abli% a relocation assi/ance policy t-- 7i7 m9imizes displacem5t & describes ! b5efits available to p]sons displac$ z a direct result ( acquisition1 rehabilitation1 or demolition 9 connection ) an activity t is assi/$ by a grant "u ?is section2 & 7ii7 includes any appeal rights or o!r requirem5ts t ! ,secret>y e/abli%es by regulation4 7d7 ,c]tifications ,any grant "u ?is section %all be made only if ! grantee c]tifies to ! satisfaction ( ! ,secret>y t-- 7#a7 ! grantee is 9 full compliance ) ! requirem5ts "u subsection 7c77#b72 7#b7 = grants o!r ?an grants to ,indian tribes1 ! grant w be conduct$ & adm9i/]$ 9 con=mity ) ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;a et seq47 & ! ,fair ,h\s+ ,act 7#db ,u4,s4,c4 #cfja et seq472 7#c7 ! project$ use ( funds has be5 develop$ s z to give maximum feasible priority to activities t w b5efit recipi5ts describ$ 9 subsection 7c77#d77;,a7 & activities describ$ 9 subsection 7c77#e71 & may also include activities t are design$ to aid 9 ! prev5tion or elim9ation ( slum & blight to support disa/] recov]y1 meet o!r community developm5t ne$s hav+ a p>ticul> urg5cy because exi/+ conditions pose a s]i\s & imm$iate ?reat to ! heal? or welf>e ( ! community :]e o!r f9ancial res\rces are n available to meet su* ne$s1 & alleviate future ?reats to human populations1 critical natural res\rces1 & prop]ty t an analysis ( haz>ds %[s are likely to result f natural disa/]s 9 ! future2 7#d7 ! grant funds %all pr9cipally b5efit p]sons ( l[- & mod]ate-income z describ$ 9 subsection 7c77#d77;,a72 7#e7 = grants o!r ?an grants to ,indian tribes1 )9 #bd mon?s ( receiv+ a grant or at ! "t ( its #c- or #e-ye> update1 :i*ev] is soon]1 ! grantee w review & make modifications to its non-disa/] h\s+ & community developm5t plans & /rategies requir$ by subsections 7c7 & 7m7 ( section #ajd to reflect ! disa/] recov]y ne$s id5tifi$ by ! grantee & consi/5cy ) ! plan "u subsection 7c77#a72 7#f7 ! grantee w n attempt to recov] any capital co/s ( public improvem5ts assi/$ 9 :ole or "p "u ?is section by assess+ any am\nt aga9/ prop]ties own$ & occupi$ by p]sons ( l[ & mod]ate income1 includ+ any fee *>g$ or assessm5t made z a condition ( obta9+ access to su* public improvem5ts1 unless-- 7,a7 funds receiv$ "u ?is section are us$ to pay ! proportion ( su* fee or assessm5t t relates to ! capital co/s ( su* public improvem5ts t are f9anc$ f rev5ue s\rces o!r ?an "u ?is *apt]2 or 7,b7 = purposes ( assess+ any am\nt aga9/ prop]ties own$ & occupi$ by p]sons ( mod]ate income1 ! grantee c]tifies to ! ,secret>y t ! grantee lacks suffici5t funds receiv$ "u ?is section to comply ) ! requirem5ts ( subp>agraph 7,a72 7#g7 ! grantee w comply ) ! o!r provisions ( ?is title t apply to assi/ance "u ?is section & ) o!r applicable laws2 7#h7 ! grantee w foll[ a relocation assi/ance policy t includes any m9imum requirem5ts id5tifi$ by ! ,secret>y2 & 7#i7 ! grantee w adh]e to con/ruction /&>ds1 insurance pur*ase requirem5ts1 & o!r requirem5ts = developm5t 9 haz>d-prone areas describ$ 9 subsection 7c77#g74 7e7 ,p]=mance reviews & report+ 7#a7 ,9 g5]al ,! ,secret>y %all1 on n less frequ5tly ?an an annual basis until ! close\t ( a p>ticul> grant allocation1 make su* reviews & audits z may be necess>y or appropriate to det]m9e :e!r a grantee "u ?is section has-- 7,a7 c>ri$ out activities us+ grant funds 9 a timely mann]2 7,b7 met ! p]=mance t>gets e/abli%$ by p>agraph 7#b72 7,c7 c>ri$ out activities us+ grant funds 9 accordance ) ! requirem5ts ( ?is section1 ! o!r provisions ( ?is title t apply to assi/ance "u ?is section1 & o!r applicable laws2 & 7,d7 a cont9u+ capacity to c>ry out activities 9 a timely mann]4 7#b7 ,p]=mance t>gets ,! ,secret>y %all develop & make publicly available critical p]=mance t>gets = review1 :i* %all include sp5d+ ?re%olds = ea* ye> f ! date on :i* funds are obligat$ by ! ,secret>y to ! grantee until su* "t all funds h be5 exp5d$4 7#c7 ,failure to meet t>gets 7,a7 ,susp5sion ,if a grantee "u ?is section fails to meet #a or m critical p]=mance t>gets "u p>agraph 7#b71 ! ,secret>y may tempor>ily susp5d ! grant4 7,b7 ,p]=mance improvem5t plan ,if ! ,secret>y susp5ds a grant "u subp>agraph 7,a71 ! ,secret>y %all provide to ! grantee a p]=mance improvem5t plan ) ! specific requirem5ts ne$$ to lift ! susp5sion )9 a def9$ "t p]iod4 7,c7 ,report ,if a grantee fails to meet ! sp5d+ ?re%olds e/abli%$ "u p>agraph 7#b71 ! grantee %all submit to ! ,secret>y1 ! appropriate committees ( ,congress1 & ea* memb] ( ,congress :o repres5ts a di/rict or ,/ate ( ! grantee a writt5 report id5tify+ te*nical capacity1 fund+1 or o!r ,f$]al or ,/ate imp$im5ts affect+ ! ability ( ! grantee to meet ! sp5d+ ?re%olds4 7#d7 ,collection ( in=mation & report+ 7,a7 ,requirem5t to report ,a grantee "u ?is section %all provide to ! ,secret>y su* in=mation z ! ,secret>y may det]m9e necess>y = adequate ov]sight ( ! grant program "u ?is section4 7,b7 ,public availability ,subject to subp>agraph 7,d71 ! ,secret>y %all make in=mation submitt$ "u subp>agraph 7,a7 available to ! public & to ! ,inspector ,g5]al = ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 7,c7 ,summ>y /atus reports ,to increase transp>5cy & acc\ntability ( ! grant program "u ?is section1 ! ,secret>y %all1 on n less frequ5tly ?an an annual basis1 po/ on a public fac+ da%bo>d summ>y /atus reports = all active grants "u ?is section t includes-- 7i7 ! /atus ( funds by activity2 7ii7 ! p]c5tages ( funds allocat$ & exp5d$ to b5efit l[- & mod]ate-income communities2 7iii7 p]=mance t>gets1 sp5d+ ?re%olds1 & accompli%m5ts2 & 7iv7 o!r in=mation ! ,secret>y det]m9es to be relevant = transp>5cy4 7,d7 ,consid]ations ,9 c>ry+ out ?is p>agraph1 ! ,secret>y %all take su* actions z may be necess>y to ensure t p]sonally id5tifiable in=mation reg>d+ applicants = assi/ance provid$ f funds made available "u ?is section is n made publicly available4 7,e7 ,rese>* p>tn]%ips 7i7 ,9 g5]al ,! ,secret>y may1 ^u a =mal reque/ f rese>*]s1 make disaggregat$ in=mation available to ! reque/or t is specific & relevant to ! rese>* be+ conduct$1 & = ! purposes ( rese>*+ program impact & efficacy4 7ii7 ,privacy protections ,9 mak+ in=mation available "u clause 7i71 ! ,secret>y %all protect p]sonally id5tifiable in=mation z requir$ "u section #eeb;a ( title #e1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,privacy ,act ( #aigd74 7f7 ,eligible activities 7#a7 ,9 g5]al ,activities assi/$ "u ?is section-- 7,a7 may include activities p]mitt$ "u section #aje or o!r activities p]mitt$ by ! ,secret>y by waiv] or alt]native requirem5t pursuant to subsection 7i72 & 7,b7 %all be relat$ to disa/] relief1 long-t]m recov]y1 re/oration ( h\s+ & infra/ructure1 economic revitalization1 & mitigation 9 ! mo/ impact$ & di/ress$ areas result+ f ! major disa/] = :i* ! grant 0 aw>d$4 7#b7 ,prohibition ,grant funds "u ?is section may n be us$ = co/s reimbursable by1 or = :i* funds h be5 made available by1 ! ,f$]al ,em]g5cy ,managem5t ,ag5cy or ! ,unit$ ,/ates ,army ,corps ( ,eng9e]s4 7#c7 ,adm9i/rative co/s1 te*nical assi/ance & plann+ 7,a7 ,9 g5]al ,! ,secret>y %all e/abli% 9 regulation ! maximum grant am\nts a grantee may use = adm9i/rative co/s1 te*nical assi/ance1 & plann+ activities1 tak+ into consid]ation size ( grant1 complexity ( recov]y1 & o!r factors z det]m9$ by ! ,secret>y1 b n to exce$ #h p]c5t = adm9i/ration & #bj p]c5t 9 total4 7,b7 ,availability ,am\nts available = adm9i/rative co/s = a grant "u ?is section %all be available = eligible adm9i/rative co/s ( ! grantee = any grant made "u ?is section1 )\t reg>d to a p>ticul> disa/]4 7,c7 ,supplem5tal plan 7i7 ,9 g5]al ,grantees may submit to ! ,secret>y an optional supplem5tal plan to ! grantee plan requir$ "u ?is title specifically = adm9i/rative co/s1 :i* %all include a description ( ! use ( all grant funds = adm9i/rative co/s1 includ+ = any eligible pre-aw>d program adm9i/rative co/s1 & h[ su* uses w prep>e ! grantee to m effectively & exp$iti\sly adm9i/] funds provid$ "u ! full plan4 7ii7 ,use ( funds ,if a supplem5tal plan is approv$ "u clause 7i71 a grantee may draw d[n ! a=em5tion$ adm9i/rative funds be=e ! full grantee plan is approv$4 7iii7 ,waiv]s ,9 c>ry+ out ?is subp>agraph1 ! ,secret>y may include any waiv]s or alt]native requirem5ts 9 accordance ) subsection 7i74 7#d7 ,program income ,not)/&+ any o!r provision ( law1 any grantee "u ?is section may reta9 program income t is realiz$ f grants made by ! ,secret>y "u ?is section if ! grantee agrees t ! grantee w utilize ! program income 9 accordance ) ! requirem5ts = grants "u ?is section1 except t ! ,secret>y may-- 7,a7 by regulation1 exclude f consid]ation z program income any am\nts det]m9$ to be s small t compliance ) ?is p>agraph creates an unreasonable adm9i/rative burd5 on ! grantee2 or 7,b7 p]mit ! grantee to transf] rema9+ program income to ! o!r grants ( ! grantee "u ?is title ^u close\t ( ! grant4 7#e7 ,prohibition on use ( assi/ance = employm5t relocation activities 7,a7 ,9 g5]al ,grants "u ?is section may n be us$ to assi/ directly 9 ! relocation ( any indu/rial or comm]cial plant1 facility1 or op]ation1 f "o area to ano!r area1 if ! relocation is likely to result 9 a significant loss ( employm5t 9 ! labor m>ket area f :i* ! relocation occurs4 7,b7 ,applicability ,! prohibition "u subp>agraph 7,a7 %all n apply to a bus9ess t 0 op]at+ 9 ! disa/]-decl>$ labor m>ket area be=e ! incid5t date ( ! applicable disa/] & has s9ce mov$1 9 :ole or 9 "p1 f ! affect$ area to ano!r ,/ate or to a labor m>ket area )9 ! same ,/ate to cont9ue bus9ess4 7#f7 ,requirem5ts ,grants "u ?is section are subject to ! requirem5ts ( ?is section1 ! o!r provisions ( ?is title t apply to assi/ance "u ?is section1 & o!r applicable laws1 unless modifi$ by waiv]s or alt]native requirem5ts 9 accordance ) subsection 7i74 7g7 ,environm5tal review 7#a7 ,adoption ,a recipi5t ( funds provid$ "u ?is section t uses ! funds to supplem5t ,f$]al assi/ance provid$ "u section #bjc1 #djb1 #djc1 #djd1 #djf1 #djg1 #djh7;c77#d71 #dbh1 or #ejb ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj;a1 #eagj;b1 #eagj;c1 #eagb1 #eagc1 #eagd7;c77#d71 #eahi;f1 #eaib7 may adopt1 )\t review or public comm5t1 any environm5tal review1 approval1 or p]mit p]=m$ by a ,f$]al ag5cy1 & su* adoption %all satisfy ! responsibilities ( ! recipi5t ) respect to su* environm5tal review1 approval1 or p]mit "u section #ajd7;g77#a71 s long z ! actions cov]$ by ! exi/+ environm5tal review1 approval1 or p]mit & ! actions propos$ = ^! supplem5tal funds are sub/antially ! same4 7#b7 ,approval ( release ( funds ,not)/&+ section #ajd7;g77#b71 ! ,secret>y or a ,/ate may1 ^u receipt ( a reque/ = release ( funds & c]tification1 imm$iately approve ! release ( funds = an activity or project to be assi/$ "u ?is section if ! recipi5t has adopt$ an environm5tal review1 approval1 or p]mit "u p>agraph 7#a7 or ! activity or project is categorically exclud$ f review "u ! ,national ,environm5tal ,policy ,act ( #aifi 7#db ,u4,s4,c4 #dcba et seq474 7#c7 ,units ( g5]al local gov]nm5t ,! provisions ( section #ajd7;g77#d7 %all apply to assi/ance "u ?is section t a ,/ate di/ributes to a unit ( g5]al local gov]nm5t4 7h7 ,f9ancial controls & proc$ures 7#a7 ,9 g5]al ,! ,secret>y %all develop requirem5ts & proc$ures to demon/rate t a grantee "u ?is section-- 7,a7 has adequate f9ancial controls & procurem5t processes2 7,b7 has adequate proc$ures to detect & prev5t fraud1 wa/e1 abuse1 & duplication ( b5efit2 & 7,c7 ma9ta9s a compreh5sive & publicly accessible website4 7#b7 ,c]tification ,be=e mak+ a grant "u ?is section1 ! ,secret>y %all c]tify t ! grantee has 9 place pr(ici5t processes & proc$ures to comply ) ! requirem5ts develop$ "u p>agraph 7#a71 z det]m9$ by ! ,secret>y4 7#c7 ,compliance be=e allocation ,! ,secret>y may p]mit a ,/ate1 unit ( g5]al local gov]nm5t1 or ,indian tribe to demon/rate compliance ) ! requirem5ts = adequate f9ancial controls develop$ "u p>agraph 7#a7 be=e a disa/] occurs & be=e receiv+ an allocation = a grant "u ?is section4 7#d7 ,duplication ( b5efits 7,a7 ,9 g5]al ,funds made available "u ?is section %all be us$ 9 accordance ) section #cab ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eaee7 & su* rules z may be prescrib$ "u su* section #cab4 7,b7 ,p5alties ,9 any case 9 :i* ! use ( grant funds "u ?is section results 9 a prohibit$ duplication ( b5efits1 ! grantee %all-- 7i7 apply an am\nt equal to ! id5tifi$ duplication to any all[able co/s ( ! aw>d consi/5t ) actual1 imm$iate ca% requirem5t2 7ii7 remit any excess am\nts to ! ,secret>y to be cr$it$ to ! obligat$1 undisburs$ balance ( ! grant consi/5t ) requirem5ts on ,f$]al paym5ts applicable to su* grantee2 & 7iii7 if excess am\nts "u clause 7ii7 are id5tifi$ aft] ! p]iod ( p]=mance or aft] ! close\t ( ! aw>d1 remit su* am\nts to ! ,secret>y to be cr$it$ to ! ,fund4 7,c7 ,failure to comply ,any grantee provid$ funds "u ?is section or f prior appropriations ,acts "u ! head+ ,community ,developm5t ,fund = purposes relat$ to major disa/]s t fails to comply ) section #cab ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eaee7 or fails to satisfy p5alties to resolve a duplication ( b5efits %all be subject to rem$ies = noncompliance "u section #aaa1 unless ! ,secret>y publi%es a det]m9ation 9 ! ,f$]al ,regi/] t x is n 9 ! be/ int]e/ ( ! ,f$]al ,gov]nm5t to pursue rem$ial actions4 7i7 ,waiv]s & alt]native requirem5ts 7#a7 ,9 g5]al ,9 adm9i/]+ grants "u ?is section1 ! ,secret>y may waive1 or specify alt]native requirem5ts =1 any provision ( any /atute or regulation t ! ,secret>y adm9i/]s 9 connection ) ! obligation by ! ,secret>y or ! use by ! grantee ( ^? funds 7except = requirem5ts relat$ to fair h\s+1 nondiscrim9ation1 labor /&>ds1 ! environm5t1 & ! requirem5ts ( ?is section t d n expressly au?orize modifications by waiv] or alt]native requirem5t71 if ! ,secret>y makes a public f9d+ t good cause exi/s = ! waiv] or alt]native requirem5t4 7#b7 ,effective date ,a waiv] or alt]native requirem5t describ$ 9 p>agraph 7#a7 %all n take effect be=e ! date t is #e days aft] ! date ( publication ( ! waiv] or alt]native requirem5t on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t or ! effective date = any regulation publi%$ 9 ! ,f$]al ,regi/]4 7#c7 ,public notification ,! ,secret>y %all notify ! public ( all waiv]s or alt]native requirem5ts describ$ 9 p>agraph 7#a7 9 accordance ) ! requirem5ts ( section #g7q77#c7 ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,act 7#db ,u4,s4,c4 #cece7q77#c774 7j7 ,unus$ am\nts 7#a7 ,deadl9e to use am\nts ,a grantee "u ?is section %all use an am\nt equal to ! grant )9 #f ye>s beg9n+ on ! date on :i* ! ,secret>y obligates ! am\nts to ! grantee1 z su* p]iod may be ext5d$ "u p>agraph 7#d74 7#b7 ,recapture ,! ,secret>y %all recapture & cr$it to ! ,fund any am\nt t is unus$ by a grantee "u ?is section ^u ! e>li] (-- 7,a7 ! date on :i* ! grantee notifies ! ,secret>y t ! grantee has complet$ all activities id5tifi$ 9 ! disa/] grantee's plan "u subsection 7c72 or 7,b7 ! expiration ( ! #f-ye> p]iod describ$ 9 p>agraph 7#a71 z su* p]iod may be ext5d$ "u p>agraph 7#d74 7#c7 ,ret5tion ( funds ,not)/&+ p>agraph 7#a71 ! ,secret>y-- 7,a7 %all all[ a grantee "u ?is section to reta9 am\nts ne$$ to close out grants2 & 7,b7 may all[ a grantee "u ?is section to reta9 up to #aj p]c5t ( ! rema9+ funds to support ma9t5ance ( ! m9imal capacity to laun* a new program 9 ! ev5t ( a future disa/] & to support pre-disa/] long-t]m recov]y & mitigation plann+4 7#d7 ,ext5sion ( p]iod = use ( funds ,! ,secret>y may ext5d ! #f-ye> p]iod describ$ 9 p>agraph 7#a7 by n m ?an #d ye>s1 or n m ?an #f ye>s = mitigation activities1 if-- 7,a7 ! grantee submits to ! ,secret>y-- 7i7 writt5 docum5tation ( ! exig5t circum/ances impact+ ! ability ( ! grantee to exp5d funds t c\ld n be anticipat$2 or 7ii7 a ju/ification t su* reque/ is necess>y due to ! nature & complexity ( ! program & projects2 & 7,b7 ! ,secret>y submits a writt5 ju/ification = ! ext5sion to ! ,committee on ,appropriations & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,appropriations & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives t specifies ! p]iod ( t ext5sion4 7k7 ,def9ition ,9 ?is section1 ! t]m ,indian tribe has ! mean+ giv5 ! t]m 9 section #d ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc74 4 7e7 ,regulations 7#a7 ,propos$ rules ,foll[+ consultation ) ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 ! ,small ,bus9ess ,adm9i/ration1 & o!r ,f$]al ag5cies1 n lat] ?an #f mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all issue propos$ rules to c>ry out ?is ,act & ! am5dm5ts made by ?is ,act & %all provide a #ij-;day p]iod = submission ( public comm5ts on ^? propos$ rules4 7#b7 ,f9al rules ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all issue f9al regulations to c>ry out section #abd ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd1 z add$ by subsection 7d74 7f7 ,coord9ation ( disa/] recov]y assi/ance1 b5efits1 & data ) o!r ,f$]al ag5cies 7#a7 ,coord9ation ( disa/] recov]y assi/ance ,9 ord] to ensure a compreh5sive approa* to ,f$]al disa/] relief1 long-t]m recov]y1 re/oration ( h\s+ & infra/ructure1 economic revitalization1 & mitigation 9 ! mo/ impact$ & di/ress$ areas result+ f a cata/rophic major disa/]1 ! ,secret>y %all coord9ate ) ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 to ! greate/ ext5t practicable1 9 ! implem5tation ( assi/ance au?oriz$ "u section #abd ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd1 z add$ by subsection 7d74 7#b7 ,data %>+ agreem5ts ,to support ! coord9ation ( data to prev5t duplication ( b5efits ) o!r ,f$]al disa/] recov]y programs :ile also exp$it+ recov]y & r$uc+ burd5 on disa/] survivors1 ! ,dep>tm5t %all e/abli% data %>+ agreem5ts t safegu>d privacy ) relevant ,f$]al ag5cies to ensure disa/] b5efits effectively & effici5tly rea* int5d$ b5efici>ies1 :ile us+ effective means ( prev5t+ h>m to p & prop]ty4 7#c7 ,data transf] f ,,fema & ,,sba to ,,hud ,z p]mitt$ & deem$ necess>y = effici5t program execution1 & consi/5t ) a comput] mat*+ agreem5t ent]$ into "u p>agraph 7#f77;,a71 ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy & ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration %all provide data on disa/] applicants to ! ,dep>tm5t1 includ+1 :5 necess>y1 p]sonally id5tifiable in=mation1 disa/] recov]y ne$s1 & res\rces det]m9$ eligible =1 & am\nts exp5d$1 to ! ,secret>y = all major disa/]s decl>$ by ! ,presid5t pursuant to section #dja ( ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj7 = ! purpose ( provid+ additional assi/ance to disa/] survivors & prev5t duplication ( b5efits4 7#d7 ,data transf]s f ,,hud to ,,hud grantees ,! ,secret>y is au?oriz$ to provide to grantees "u section #abd ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd1 z add$ by subsection 7d71 (fices ( ! ,dep>tm5t1 te*nical assi/ance provid]s1 & l5d]s in=mation t 9 ! det]m9ation ( ! ,secret>y is reasonably available & appropriate to in=m ! provision ( assi/ance aft] a major disa/]1 includ+ in=mation provid$ to ! ,secret>y by ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration1 or o!r ,f$]al ag5cies4 7#e7 ,data transf]s f ,,hud grantees to ,,hud1 ,,fema1 & ,,sba 7,a7 ,report+ ,grantees "u section #abd ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd1 z add$ by subsection 7d71 %all report in=mation reque/$ by ! ,secret>y on h\seholds1 bus9esses1 & o!r entities assi/$ & ! type ( assi/ance provid$4 7,b7 ,%>+ in=mation ,! ,secret>y %all %>e in=mation collect$ "u subp>agraph 7,a7 ) ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 ! ,small ,bus9ess ,adm9i/ration1 & o!r ,f$]al ag5cies to support ! plann+ & deliv]y ( disa/] recov]y & mitigation assi/ance & o!r relat$ purposes4 7#f7 ,privacy protection 7,a7 ,9 g5]al ,! ,secret>y may make & receive data transf]s au?oriz$ "u ?is subsection1 includ+ ! use & ret5tion ( t data = comput] mat*+ programs1 to in=m ! provision ( assi/ance1 assess disa/] recov]y ne$s1 & prev5t ! duplication ( b5efits & o!r wa/e1 fraud1 & abuse1 provid$ t-- 7i7 ! ,secret>y ent]s an in=mation %>+ agreem5t or a comput] mat*+ agreem5t1 :5 requir$ by section #ebb;a ( title #e1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,privacy ,act ( #aigd71 ) ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration1 or o!r ,f$]al ag5cies cov]+ ! transf] ( data2 & 7ii7 ! ,secret>y publi%es int5t to disclose data 9 ! ,f$]al ,regi/]4 7,b7 ,data %>+ agreem5t ,not)/&+ clauses 7i7 & 7ii7 ( subp>agraph 7,a71 section #eeb;a ( title #e1 ,unit$ ,/ates ,code1 or any o!r law1 ! ,secret>y is au?oriz$ to %>e data ) an entity id5tifi$ 9 p>agraph 7#d71 & ! entity is au?oriz$ to use ! data z describ$ 9 ?is section1 if ! ,secret>y ent]s a data %>+ agreem5t ) ! entity be=e %>+ or receiv+ any in=mation "u transf]s au?oriz$ by ?is section1 :i* data %>+ agreem5t %all-- 7i7 9 ! det]m9ation ( ! ,secret>y1 include measures adequate to safegu>d ! privacy & p]sonally id5tifiable in=mation ( individuals2 & 7ii7 include provisions t describe h[ ! p]sonally id5tifiable in=mation ( an individual w be adequately safegu>d$ & protect$1 :i* requires consultation ) ! ,secret>y & ! head ( ea* ,f$]al ag5cy ! data ( :i* is be+ %>$ subject to ! agreem5t4 #ejb4 ,,home ,inve/m5t ,p>tn]%ips ,reau?orization & ,re=m ,act 7a7 ,au?orization ,section #bje ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgbd7 is am5d$ to read z foll[s3 #bje4 ,au?orization ( program ,! ,,home ,inve/m5t ,p>tn]%ips ,program "u subtitle ,a is h]eby au?oriz$4 4 7b7 ,def9ition ( community h\s+ developm5t organization ,section #ajd7f77;,b7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgjd7f77;,b77 is am5d$ by /rik+ significant4 7c7 ,assi/ance = l[-income families ,title ,,ii ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgba et seq47 is am5d$-- 7#a7 9 section #bad7b7 7#db ,u4,s4,c4 #abgdb7b771 by /rik+ h\seholds t qualify z l[-income families & ins]t+ families ) a h\sehold income t does n exce$ #ajj p]c5t ( ! m$ian family income ( ! area1 z det]m9$ by ! ,secret>y2 & 7#b7 9 section #bga7;c7 7#db ,u4,s4,c4 #abhba7;c77-- 7,a7 9 p>agraph 7#a77;,b71 by /rik+ l[-income & ins]t+ families ) a h\sehold income t does n exce$ #ajj p]c5t ( ! m$ian family income ( ! area z det]m9$ by ! ,secret>y ) adju/m5ts = small] & l>g] families2 & 7,b7 9 p>agraph 7#b77;,a71 by /rik+ l[-income families & ins]t+ families ) a h\sehold income t does n exce$ #ajj p]c5t ( ! m$ian family income ( ! area z det]m9$ by ! ,secret>y ) adju/m5ts = small] & l>g] families4 7d7 ,*oices made by p>ticipat+ jurisdictions ,section #bab7;a77#b7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgdb7;a77#b77 is am5d$ to read z foll[s3 7#b7 ,limitation ,! ,secret>y may n re/rict ! *oice by a p>ticipat+ jurisdiction ( rehabilitation1 sub/antial rehabilitation1 new con/ruction1 recon/ruction1 acquisition1 or o!r eligible h\s+ uses au?oriz$ 9 p>agraph 7#a7 unless ! re/riction is explicitly au?oriz$ "u section #bbc7b74 4 7e7 ,use ( am\nts by c]ta9 jurisdictions = infra/ructure improvem5ts 7#a7 ,9 g5]al ,section #bab7;a7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgdb7;a77 is am5d$ by ins]t+ aft] p>agraph 7#c7 ! foll[+3 7#d7 ,infra/ructure improvem5ts 9 non5titlem5t areas 7,a7 ,9 g5]al ,a p>ticipat+ jurisdiction may use funds provid$ "u ?is subtitle = infra/ructure improvem5ts1 includ+ ! in/allation or repair ( wat] & sew] l9es1 sidewalks1 roads1 & utility connections if-- 7i7 su* p>ticipat+ jurisdiction does n receive assi/ance "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecaj72 & 7ii7 su* improvem5ts are directly relat$ to1 & locat$ )9 or imm$iately adjac5t to-- 7,i7 h\s+ assi/$ "u ?is subtitle2 or 7,,ii7 h\s+ assi/$ "u section #db ( ! ,int]nal ,rev5ue ,code ( #aihf4 7,b7 ,application ( labor /&>ds ,! labor /&>ds & requirem5ts set =? 9 section #aaj ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecaj7 %all apply to any infra/ructure improvem5t conduct$ us+ funds provid$ "u ?is subtitle4 7,c7 ,rule ( con/ruction ,no?+ 9 ?is p>agraph may be con/ru$ to impose any requirem5ts ( ! ,,home ,inve/m5t ,p>tn]%ips program on h\s+ t b5efits f an infra/ructure improvem5t conduct$ us+ funds provid$ "u ?is subtitle b 0 n o!rwise assi/$ "u ! ,,home ,inve/m5t ,p>tn]%ips program4 4 7#b7 ,rulemak+ ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all issue rules to c>ry out ! am5dm5t made by p>agraph 7#a74 7f7 ,p] unit inve/m5t limitations ,section #bab7;e77#a7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgdb7;e77#a77 is am5d$ by /rik+ ! second s5t5ce4 7g7 ,af=dable r5tal h\s+ qualifications ,section #bae7;a7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgde7;a77 is am5d$ by add+ at ! end ! foll[+3 7#g7 ,qualification exception ,not)/&+ p>agraph 7#a77;,a71 a r5tal unit %all be consid]$ to qualify z af=dable h\s+ "u ?is title if-- 7,a7 ! unit is occupi$ by a t5ant receiv+ t5ant-bas$ r5tal assi/ance "u section #h ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f72 7,b7 ! contribution ( ! t5ant t[>d r5t does n exce$ ! am\nt p]mitt$ "u ! assi/ance describ$ 9 subp>agraph 7,a72 & 7,c7 ! total r5t = ! unit does n exce$ ! am\nt approv$ by ! public h\s+ ag5cy adm9i/]+ ! assi/ance describ$ 9 subp>agraph 7,a74 4 7h7 ,af=dable home[n]%ip h\s+ qualifications ,section #bae ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgde7 is am5d$-- 7#a7 9 subsection 7b7-- 7,a7 9 p>agraph 7#b71 by r$esignat+ subp>agraphs 7,a71 7,b71 & 7,c7 z clauses 7i71 7ii71 & 7iii71 respectively1 & adju/+ ! m>g9s accord+ly2 7,b7 9 p>agraph 7#c7-- 7i7 9 subp>agraph 7,a71 by r$esignat+ clauses 7i7 & 7ii7 z subclauses 7,i7 & 7,,ii71 respectively1 & adju/+ ! m>g9s accord+ly2 & 7ii7 by r$esignat+ subp>agraphs 7,a7 & 7,b7 z clauses 7i7 & 7ii71 respectively1 & adju/+ ! m>g9s accord+ly2 7,c7 by r$esignat+ p>agraphs 7#a7 ?r\gh 7#d7 z subp>agraphs 7,a7 ?r\gh 7,d71 respectively1 & adju/+ ! m>g9s accord+ly2 7,d7 by /rik+ ,h\s+ t is = home[n]%ip & ins]t+ ! foll[+3 7#a7 ,qualification ,h\s+ t is = home[n]%ip 2 7,e7 9 p>agraph 7#a71 z s designat$-- 7i7 9 subp>agraph 7,a71 z s r$esignat$-- 7,i7 by /rik+ #ie p]c5t & ins]t+ #aaj p]c5t2 & 7,,ii7 by ins]t+ 7def9$ z ! am\nt borr[$ by ! homebuy] to pur*ase ! home1 or ! e/imat$ value aft] rehabilitation1 :i* may be adju/$ to acc\nt = ! limits on future value impos$ by ! resale re/riction7 aft] pur*ase price2 7ii7 9 subp>agraph 7,b71 z s r$esignat$1 9 ! matt] prec$+ clause 7i71 by /rik+ ^: family qualifies z a l[-income family & ins]t+ ) a family income t does n exce$ #ajj p]c5t ( ! m$ian family income ( ! area z det]m9$ by ! ,secret>y ) adju/m5ts = small] & l>g] families2 7iii7 9 subp>agraph 7,c71 z s r$esignat$-- 7,i7 9 clause 7i77,,ii7-- 7aa7 by /rik+ l[-income homebuy]s & ins]t+ homebuy]s ) a h\sehold income t does n exce$ #ajj p]c5t ( ! m$ian family income ( ! area1 z det]m9$ by ! ,secret>y ) adju/m5ts = small] & l>g] families2 & 7bb7 by /rik+ or at ! end2 7,,ii7 9 clause 7ii71 by /rik+ & at ! end & ins]t+ or2 & 7,,iii7 by add+ at ! end ! foll[+3 7iii7 ma9ta9 long-t]m af=dability ?r\gh a %>$ equity own]%ip model1 a community l& tru/1 a limit$ equity coop]ative1 a community developm5t corporation1 or o!r me*anism approv$ by ! ,secret>y1 t pres]ves af=dability = future eligible homebuy]s & ensures compliance ) ! purposes ( ?is title1 includ+ ?r\gh ! use ( pur*ase options1 rights ( fir/ refusal or o!r preemptive rights to pur*ase h\s+2 2 7iv7 9 subp>agraph 7,d71 z s r$esignat$1 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7v7 by add+ at ! end ! foll[+3 7,e7 is subject to re/rictions t are e/abli%$ by ! p>ticipat+ jurisdiction & det]m9$ by ! ,secret>y to be appropriate1 includ+ ) respect to ! useful life ( ! prop]ty1 to-- 7i7 require t any subsequ5t pur*ase ( ! prop]ty be-- 7,i7 only by a p]son :o meets ! qualifications specifi$ "u subp>agraph 7,b72 & 7,,ii7 at a price t is det]m9$ by a =mula or me?od e/abli%$ by ! p>ticipat+ jurisdiction t provides ! own] ) a reasonable return on inve/m5t1 :i* may include a p]c5tage ( ! co/ ( any improvem5ts2 or 7ii7 recapture ! inve/m5t provid$ "u ?is title 9 ord] to assi/ o!r p]sons 9 accordance ) ! requirem5ts ( ?is title1 except :]e !re are no net proce$s or :]e ! net proce$s are insuffici5t to repay ! full am\nt ( ! assi/ance4 2 & 7,f7 by add+ at ! end ! foll[+3 7#b7 ,pur*ase by community l& tru/ or coop]ative h\s+ corporation ,not)/&+ subp>agraph 7,c77i7 ( p>agraph 7#a7 & "u t]ms det]m9$ by ! ,secret>y1 ! ,secret>y may p]mit a p>ticipat+ jurisdiction to all[ a community l& tru/1 h\s+ coop]ative1 or a community developm5t corporation t us$ assi/ance provid$ "u ?is subtitle = ! developm5t ( h\s+ t meets ! crit]ia "u p>agraph 7#a71 to acquire ! h\s+-- 7,a7 9 accordance ) ! t]ms ( ! preemptive pur*ase option1 lease1 cov5ant on ! l&1 or o!r simil> legal in/rum5t ( ! community l& tru/ :5 ! t]ms & rights 9 ! preemptive pur*ase option1 lease1 cov5ant1 or legal in/rum5t are & rema9 subject to ! requirem5ts ( ?is title2 7,b7 :5 ! pur*ase is =-- 7i7 ! purpose (-- 7,i7 ent]+ into ! *a9 ( title2 7,,ii7 enabl+ a pur*ase by a p]son :o meets ! qualifications specifi$ "u p>agraph 7#a77;,b7 & is on a waitli/ ma9ta9$ by ! community l& tru/ or h\s+ coop]ative1 subject to en=cem5t by ! p>ticipat+ jurisdiction ( all applicable requirem5ts ( ?is title1 z det]m9$ by ! ,secret>y2 7,,iii7 p]=m+ necess>y rehabilitation & improvem5ts2 or 7,,iv7 add+ a subsidy to pres]ve af=dability1 :i* may be f ,f$]al or non-,f$]al s\rces2 or 7ii7 ano!r purpose det]m9$ appropriate by ! ,secret>y2 & 7,c7 if1 )9 a reasonable p]iod ( "t aft] ! applicable purpose "u subp>agraph 7,b7 ( ?is p>agraph is fulfill$1 z det]m9$ by ! ,secret>y1 ! h\s+ is !n sold to a p]son :o meets ! qualifications specifi$ "u p>agraph 7#a77;,b74 2 & 7#b7 by add+ at ! end ! foll[+3 7c7 ,qualification exceptions = home[n]%ip 7#a7 ,milit>y memb]s ,a p>ticipat+ jurisdiction1 9 accordance ) t]ms e/abli%$ by ! ,secret>y1 may susp5d or waive ! income qualifications describ$ 9 subsection 7b77#a77;,b7 ) respect to h\s+ t o!rwise meets ! crit]ia describ$ 9 subsection 7b77#a7 if ! own] ( ! h\s+-- 7,a7 is a memb] ( a regul> compon5t ( ! arm$ =ces or a memb] ( ! ,national ,gu>d on full-"t ,national ,gu>d duty1 active ,gu>d & ,res]ve duty1 or inactive-duty tra9+ 7z ^? t]ms are def9$ 9 section #aja ( title #aj1 ,unit$ ,/ates ,code72 & 7,b7 has receiv$-- 7i7 tempor>y duty ord]s to deploy ) a milit>y unit or milit>y ord]s to deploy z an individual act+ 9 support ( a milit>y op]ation1 to a location t is n )9 a reasonable di/ance f ! h\s+1 z det]m9$ by ! ,secret>y1 = a p]iod ( n less ?an #ij days2 or 7ii7 ord]s = a p]man5t *ange ( /ation4 7#b7 ,heirs & b5efici>ies ( deceas$ own]s ,h\s+ t meets ! crit]ia describ$ 9 subsection 7b77#a77;,c7 prior to ! dea? ( an own] ( su* h\s+ %all cont9ue to qualify z af=dable h\s+ "u ?is title if-- 7,a7 ! h\s+ is ! pr9cipal resid5ce ( an heir or b5efici>y ( ! deceas$ own]1 z def9$ by ! ,secret>y2 & 7,b7 ! heir or b5efici>y1 9 accordance ) t]ms e/abli%$ by ! ,secret>y1 assumes ! duties & obligations ( ! deceas$ own] ) respect to funds provid$ "u ?is title4 4 7i7 ,elim9ation ( expiration ( "r to draw home inve/m5t tru/ funds ,section #bah ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgdh7 is am5d$-- 7#a7 by /rik+ subsection 7g72 & 7#b7 by r$esignat+ subsection 7h7 z subsection 7g74 7j7 ,adju/$ recapture & reuse ( set-aside = community h\s+ developm5tal organizations ,section #bca7;b7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgga7;b77 is am5d$ to read z foll[s3 7b7 ,recapture & reuse ,if any funds res]v$ "u subsection 7a7 rema9 un9ve/$ = a p]iod ( #bd mon?s1 ! ,secret>y %all make su* funds available to ! p>ticipat+ jurisdiction = any eligible activities "u ?is title )\t reg>d to :e!r a community h\s+ developm5t organization mat]ially p>ticipates 9 ! use ( su* funds4 4 7k7 ,asset recycl+ in=mation dissem9ation expansion ,section #bde7;b77#b7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abghe7;b77#b77 is am5d$ by /rik+ #ie p]c5t & ins]t+ #aaj p]c5t4 7l7 ,application ( o!r specifi$ /atutory requirem5ts ,title ,,ii ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgba et seq47 is am5d$ by add+ at ! end ! foll[+3 #bia4 ,nonapplicability ( c]ta9 requirem5ts = small projects ,not)/&+ any o!r provision ( law1 ! requirem5ts ( section #c ( ! ,h\s+ & ,urban ,developm5t ,act ( #aifh 7#ab ,u4,s4,c4 #agjau71 & any implem5t+ regulations or guidance1 %all n apply to an activity assi/$ "u ?is title t involves rehabilitation1 con/ruction1 or o!r developm5t ( h\s+ if-- 7#a7 ! recipi5t ( assi/ance "u ?is title is-- 7,a7 a ,/ate recipi5t pursuant to section #baf2 or 7,b7 a p>ticipat+ jurisdiction t receiv$ a total allocation ( less ?an #c1jjj1jjj 9 ! mo/ rec5t fiscal ye> pursuant to section #baf2 & 7#b7 ! total numb] ( dwell+ units assi/$ z a "p ( su* activity is n m ?an #ej4 4 7m7 ,reallocation n available = c]ta9 jurisdictions ,section #bag7;d7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgdg7;d77 is am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ ! second s5t5ce & ins]t+ ! foll[+3 ,subject to p>agraph 7#d71 jurisdictions eligible = su* reallocations %all include p>ticipat+ jurisdictions & jurisdictions meet+ ! requirem5ts ( ?is title1 includ+ ! requirem5ts 9 p>agraphs 7#c71 7#d71 & 7#e7 ( section #baf42 & 7#b7 by add+ at ! end ! foll[+3 7#d7 ,reallocation n available = c]ta9 jurisdictions ,! ,secret>y may decl9e to make a reallocation available to a jurisdiction eligible = su* reallocation if su* jurisdiction has fail$ to meet or comply ) any requirem5t "u ?is title4 4 7n7 ,am5dm5ts to qualification z af=dable h\s+ ,section #bae7;a77#a77;,e7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgde7;a77 is am5d$ by /rik+ except ^u a =eclosure by a l5d] 7or ^u o!r transf] 9 lieu ( =eclosure7 if su* action 7i7 recognizes any contractual or legal rights ( public ag5cies1 nonpr(it sponsors1 or o!rs to take actions t w\ld avoid t]m9ation ( l[-income af=dability 9 ! case ( =eclosure or transf] 9 lieu ( =eclosure1 & 7ii7 is n = ! purpose ( avoid+ l[ income af=dability re/rictions1 z det]m9$ by ! ,secret>y2 & & ins]t+ ! foll[+3 except-- 7i7 ^u a =eclosure by a l5d] 7or ^u o!r transf] 9 lieu ( =eclosure7 if su* action-- 7,i7 recognizes any contractual or legal rights ( public ag5cies1 nonpr(it sponsors1 or o!rs to take actions t w\ld avoid t]m9ation ( l[-income af=dability 9 ! case ( =eclosure or transf] 9 lieu ( =eclosure2 & 7,,ii7 is n = ! purpose ( avoid+ l[-income af=dability re/rictions1 z det]m9$ by ! ,secret>y2 or 7ii7 :]e exi/+ af=dable h\s+ is no long] f9ancially viable due to un=ese5 acts or occurr5ces beyond ! reasonable contemplation or control ( ! p>ticipat+ jurisdiction 9 :i* ! af=dable h\s+ is locat$ or ! own] ( ! af=dable h\s+ t significantly impact ! f9ancial or physical condition ( ! af=dable h\s+1 z det]m9$ by ! ,secret>y2 & 4 7o7 ,t5ant & p>ticipant protections = af=dable h\s+ ,section #bbe ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgee7 is am5d$ by add+ at ! end ! foll[+3 7e7 ,exception ,p>agraphs 7#b71 7#c71 & 7#d7 ( subsection 7d7 %all n apply to h\s+ "u ?is section t meets ! foll[+ crit]ia3 7#a7 ,! h\s+ is af=dable h\s+ ) n m ?an #d dwell+ units1 ea* ( :i* is made available = r5tal4 7#b7 ,ea* dwell+ unit 9 ! h\s+ be>s r5t 9 an am\nt t complies ) ! requirem5ts describ$ 9 p>agraph 7#a77;,a74 7#c7 ,ea* dwell+ unit 9 ! h\s+ is accompani$ by a l[-income family4 7#d7 ,no dwell+ 9 ! h\s+ is refus$ = leas+ to a hold] ( a v\*] "u section #h ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7 because ( ! /atus ( ! prospective t5ant z a hold] ( t v\*]4 7#e7 ,! h\s+ complies ) ! requirem5t describ$ 9 p>agraph 7#a77;,e74 7#f7 ,! p>ticipat+ jurisdiction 9 :i* ! h\s+ is locat$ monitors ! compliance ( ! h\s+ ) ! requirem5ts ( ?is title 9 a mann] consi/5t ) ! purposes ( section #bbf7;b71 z det]m9$ by ! ,secret>y4 4 7p7 ,revision ( def9ition ( community l& tru/ ,section #ajd ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgjd7 is am5d$ by add+ at ! end ! foll[+3 7#bf7 ,! t]m community l& tru/ means a nonpr(it entity1 a ,/ate1 a unit ( local gov]nm5t1 or an in/rum5tality ( a ,/ate or unit ( local gov]nm5t t-- 7,a7 is n manag$ by1 or an affiliate (1 a =-pr(it organization2 7,b7 has z a prim>y purpose ( acquir+1 develop+1 or hold+ l& to provide h\s+ t is p]man5tly af=dable to l[- & mod]ate-income p]sons2 7,c7 monitors prop]ties to ensure af=dability is pres]v$2 7,d7 provides h\s+ t is p]man5tly af=dable to l[- & mod]ate-income p]sons us+ a gr\nd lease1 de$ cov5ant1 or o!r simil> legally en=ceable measure1 det]m9$ acceptable by ! ,secret>y1 t-- 7i7 keeps h\s+ af=dable to l[- & mod]ate-income p]sons = n less ?an #cj ye>s2 & 7ii7 enables l[- & mod]ate-income p]sons to r5t or pur*ase ! h\s+ = home[n]%ip2 & 7,e7 ma9ta9s preemptive pur*ase options to pur*ase ! prop]ty if su* pur*ase w\ld all[ ! h\s+ to rema9 af=dable to l[-& mod]ate-income p]sons4 4 7q7 ,set-aside = community h\s+ developm5t organizations ,section #bca7;a7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgga7;a77 is am5d$1 9 ! fir/ s5t5ce1 by /rik+ to be develop$1 sponsor$1 or own$ by community h\s+ developm5t organizations & ins]t+ :5 a community h\s+ developm5t organization mat]ially p>ticipates 9 ! own]%ip or developm5t ( t h\s+1 z det]m9$ by ! ,secret>y4 7r7 ,adm9i/rative re=ms 7#a7 ,increase 9 program adm9i/ration res\rces ,section #bbj7;b7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgej7;b77 is am5d$-- 7,a7 by /rik+ ,recognition4-- & all t foll[s ?r\gh ,a contribution & ins]t+ ,recognition4--,a contribution2 & 7,b7 by /rik+ p>agraph 7#b74 7#b7 ,modification ( jurisdictions eligible = reallocations ,section #bag7;d77#c7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgdg7;d77#c77 is am5d$-- 7,a7 9 ! p>agraph head+1 by /rik+ ,limitation & ins]t+ ,limitations2 & 7,b7 by /rik+ ,unless o!rwise specifi$ & ins]t+ ! foll[+3 7,a7 ,removal ( p>ticipat+ jurisdictions f reallocation ,! ,secret>y may1 ^u a f9d+ t ! p>ticipat+ jurisdiction has fail$ to meet or comply ) ! requirem5ts ( ?is title1 remove a p>ticipat+ jurisdiction f p>ticipation 9 reallocations ( funds made available "u ?is title4 7,b7 ,reallocation to same type ( entity ,unless o!rwise specifi$ 4 7#c7 ,home prop]ty inspections ,section #bbf7;b7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgef7;b77 is am5d$-- 7,a7 by /rik+ ,ea* p>ticipat+ jurisdiction & ins]t+ ! foll[+3 7#a7 ,9 g5]al ,ea* p>ticipat+ jurisdiction 2 & 7,b7 by /rik+ ,su* review %all include & all t foll[s & ins]t+ ! foll[+3 7#b7 ,on-site inspections 7,a7 ,inspections by units ( g5]al local gov]nm5t ,a review conduct$ "u p>agraph 7#a7 by a p>ticipat+ jurisdiction t is a unit ( g5]al local gov]nm5t %all include an on-site inspection to det]m9e compliance ) h\s+ codes & o!r applicable regulations4 7,b7 ,inspections by /ates ,a review conduct$ "u p>agraph 7#a7 by a p>ticipat+ jurisdiction t is a ,/ate %all include an on-site inspection to det]m9e compliance ) a national /&>d z det]m9$ by ! ,secret>y4 7#c7 ,inclusion 9 p]=mance report & publication ,a p>ticipat+ jurisdiction %all include 9 ! p]=mance report ( ! p>ticipat+ jurisdiction submitt$ to ! ,secret>y "u section #ajh7;a71 & make available to ! public1 ! results ( ea* review conduct$ "u p>agraph 7#a74 4 7#d7 ,revisions to /r5g!n en=cem5t & p5alties = noncompliance ,section #bbc ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgec7 is am5d$-- 7,a7 9 ! section head+1 by /rik+ ,p5alties = misuse ( funds & ins]t+ ,program en=cem5t & p5alties = noncompliance2 7,b7 9 ! matt] prec$+ p>agraph 7#a71 by ins]t+ aft] any provision ( ?is subtitle ! foll[+3 1 includ+ any provision applicable ?r\gh\t ! p]iod requir$ by section #bae7;a77#a77;,e7 & applicable regulations12 7,c7 9 p>agraph 7#b71 by /rik+ or at ! end2 7,d7 9 p>agraph 7#c71 by /rik+ ! p]iod at ! end & ins]t+ 2 or2 & 7,e7 by add+ at ! end ! foll[+3 7#d7 r$uce paym5ts to ! p>ticipat+ jurisdiction "u ?is subtitle by an am\nt equal to ! am\nt ( su* paym5ts t 7 n exp5d$ by ! p>ticipat+ jurisdiction 9 accordance ) ?is title4 4 7s7 ,m9imum allocations ,section #bag7;b7 ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgdg 7b77 is am5d$-- 7#a7 9 p>agraph 7#b71 by /rik+ #ejj1jjj ea* place t t]m appe>s & ins]t+ #gej1jjj2 7#b7 9 p>agraph 7#c7-- 7,a7 by /rik+ jurisdictions t are allocat$ an am\nt ( #ejj1jjj or m & ins]t+ jurisdictions t are allocat$ an am\nt ( #gej1jjj or m2 7,b7 by /rik+ t are allocat$ an am\nt less ?an #ejj1jjj & ins]t+ t are allocat$ an am\nt less ?an #ejj1jjj be=e ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act or less ?an #gej1jjj on or aft] ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act2 & 7,c7 by /rik+ 1 except z provid$ 9 p>agraph 7#d72 & 7#c7 by /rik+ p>agraph 7#d74 7t7 ,te*nical & con=m+ am5dm5ts ,! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgja et seq47 is am5d$-- 7#a7 by /rik+ ,/ew>t ,b4 ,mc,kinney ,homeless ,assi/ance ,act ea* place t t]m appe>s & ins]t+ ,mc,kinney-,v5to ,homeless ,assi/ance ,act2 7#b7 by /rik+ ,committee on ,bank+1 ,f9ance & ,urban ,affairs ea* place t t]m appe>s & ins]t+ ,committee on ,f9ancial ,s]vices2 7#c7 9 ! table ( cont5ts 9 section #a7;b7 7,public ,law #aja-fbe2 #ajd ,/at4 #djgi7-- 7,a7 by /rik+ ! item relat+ to section #bje & ins]t+ ! foll[+3 ,sec4 #bje4 ,au?orization ( program4 2 7,b7 by /rik+ ! item relat+ to section #bbc & ins]t+ ! foll[+3 ,sec4 #bbc4 ,program en=cem5t & p5alties = noncompliance4 2 & 7,c7 by ins]t+ aft] ! item relat+ to section #bij ! foll[+3 ,sec4 #bia4 ,nonapplicability ( c]ta9 requirem5ts = small projects4 2 7#d7 9 section #ajd 7#db ,u4,s4,c4 #abgjd7-- 7,a7 by r$esignat+ p>agraph 7#bc7 7relat+ to ! def9ition ( ! t]m to demon/rate to ! ,secret>y7 z p>agraph 7#bb72 & 7,b7 by r$esignat+ p>agraph 7#bd7 7relat+ to ! def9ition ( ! t]m insul> area1 z add$ by section #b7b7 ( ,public ,law #ajb-bcj7 z p>agraph 7#bc72 7#e7 9 section #aje7;b77#h7 7#db ,u4,s4,c4 #abgje7;b77#h771 by /rik+ subp>agraphs & ins]t+ p>agraphs2 7#f7 9 section #ajh7;a77#a7 7#db ,u4,s4,c4 #abgjh7;a77#a771 by /rik+ section #aje7;b77#ae7 & ins]t+ section #aje7;b77#ah72 7#g7 9 section #bab 7#db ,u4,s4,c4 #abgdb7-- 7,a7 9 subsection 7a77#c77;,a77ii71 by ins]t+ ,unit$ ,/ates be=e ,h\s+ ,act2 7,b7 9 subsection 7d77#e71 by ins]t+ ,unit$ ,/ates be=e ,h\s+ ,act2 & 7,c7 9 subsection 7e77#a7-- 7i7 by /rik+ section #bba7;d77#c77;ii7 & ins]t+ section #bba7;d77#d72 & 7ii7 by /rik+ n to exce$ #adj p]c5t & ins]t+ z det]m9$ by ! ,secret>y2 7#h7 9 section #bae7;a77#f77;,b7 7#db ,u4,s4,c4 #abgde7;a77#f77;,b771 by /rik+ gr& *ildr5 & ins]t+ gr&*ildr52 7#i7 9 section #bag 7#db ,u4,s4,c4 #abgdg7-- 7,a7 9 subsection 7a7-- 7i7 9 p>agraph 7#a71 by /rik+ 7#c7 & ins]t+ 7#b72 7ii7 by /rik+ p>agraph 7#c71 z add$ by section #baa7;a77#b77;,d7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aiib 7,public ,law #ajb-eej2 #ajf ,/at4 #cgef72 & 7iii7 by r$esignat+ ! rema9+ p>agraph 7#c71 z add$ by ! matt] "u ! head+ ,home inve/m5t p>tn]%ips program "u ! head+ ,h\s+ programs 9 title ,,ii ( ! ,dep>tm5ts ( ,vet]ans ,affairs & ,h\s+ & ,urban ,developm5t1 & ,indep5d5t ,ag5cies ,appropriations ,act1 #aiic 7,public ,law #ajb-chi2 #ajf ,/at4 #aeha71 z p>agraph 7#b72 & 7,b7 9 subsection 7b77#a7-- 7i7 9 subp>agraph 7,a71 9 ! fir/ s5t5ce-- 7,i7 by /rik+ 9 regulation & ins]t+ 1 by regulation12 & 7,,ii7 by /rik+ eligible jurisdiction & ins]t+ eligible jurisdictions2 & 7ii7 9 subp>agraph 7,f71 9 ! fir/ s5t5ce-- 7,i7 9 clause 7i71 by /rik+ ,subcommittee on ,h\s+ & ,urban ,affairs & ins]t+ ,subcommittee on ,h\s+1 ,transportation1 & ,community ,developm5t2 & 7,,ii7 9 clause 7ii71 by /rik+ ,subcommittee on ,h\s+ & ,community ,developm5t ( ! ,committee on ,bank+1 ,f9ance & ,urban ,affairs & ins]t+ ,subcommittee on ,h\s+ & ,insurance ( ! ,committee on ,f9ancial ,s]vices2 7#aj7 9 section #bbj7;c7 7#db ,u4,s4,c4 #abgej7;c77-- 7,a7 9 p>agraph 7#c71 by /rik+ ,secret>y & all t foll[s & ins]t+ ,secret>y22 7,b7 9 p>agraph 7#d71 by /rik+ "u ?is title & all t foll[s & ins]t+ "u ?is title22 & 7,c7 by r$esignat+ p>agraphs 7#f71 7#g71 & 7#h7 z p>agraphs 7#e71 7#f71 & 7#g71 respectively2 7#aa7 9 section #bbe7;d77#d77;,b7 7#db ,u4,s4,c4 #abgee7;d77#d77;,b771 by /rik+ = ! fir/ place t t]m appe>s2 & 7#ab7 9 section #bcc 7#db ,u4,s4,c4 #abggc7-- 7,a7 9 subsection 7b77#f71 by /rik+ to community l& tru/s 7z su* t]m is def9$ 9 subsection 7f77 & ins]t+ to community l& tru/s 7z su* t]m is def9$ 9 section #ajd72 & 7,b7 by /rik+ subsection 7f74 #ejc4 ,rural ,h\s+ ,s]vice ,re=m ,act 7a7 ,application ( multifamily mortgage =eclosure proc$ures to multifamily mortgages held by ! ,secret>y ( ,agriculture & pres]vation ( ! r5tal assi/ance contract ^u =eclosure 7#a7 ,multifamily mortgage proc$ures ,section #cfc7b7 ( ! ,multifamily ,mortgage ,=eclosure ,act ( #aiha 7#ab ,u4,s4,c4 #cgjb7b77 is am5d$-- 7,a7 9 subp>agraph 7,d71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,e71 by /rik+ ! p]iod at ! end & ins]t+ 2 or2 & 7,c7 by add+ at ! end ! foll[+3 7,f7 section #ead1 #eae1 or #ech ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adhd1 #adhe1 #adijp-#b74 4 7#b7 ,pres]vation ( contract ,section #eba7;d7 ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adij;a7d77 is am5d$ by add+ at ! end ! foll[+3 7#c7 ,not)/&+ any o!r provision ( law1 9 manag+ & dispos+ ( any multifamily prop]ty t is own$ or has a mortgage held by ! ,secret>y1 & dur+ ! process ( =eclosure on any prop]ty ) a contract = r5tal assi/ance "u ?is section-- 7,a7 ! ,secret>y %all ma9ta9 any r5tal assi/ance paym5ts t are atta*$ to any dwell+ units 9 ! prop]ty2 & 7,b7 ! r5tal assi/ance contract may be us$ to provide fur!r assi/ance to exi/+ projects "u #ead1 #eae1 or #eaf4 4 7b7 ,/udy on rural h\s+ loans = h\s+ = l[- & mod]ate-income families ,n lat] ?an #f mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,agriculture %all conduct a /udy & submit to ,congress a publicly available report on ! loan program "u section #eba ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adij;a71 includ+-- 7#a7 ! total am\nt provid$ by ! ,secret>y 9 subsidies "u su* section #eba to borr[]s ) loans made pursuant to section #ejb ( su* ,act 7#db ,u4,s4,c4 #adgb72 7#b7 h[ mu* ( ! subsidies describ$ 9 p>agraph 7#a7 are be+ recaptur$2 & 7#c7 ! am\nt ( "t & co/s associat$ ) recaptur+ ^? subsidies4 7c7 ,/aff+ & in=mation te*nology upgrades ,utiliz+ funds appropriat$ = su* purposes1 ! ,secret>y ( ,agriculture may increase /aff+ capacity & upgrade in=mation te*nology to support all ,rural ,h\s+ ,s]vice programs4 7d7 ,te*nical improvem5ts 7#a7 ,au?orization ( appropriations ,utiliz+ funds appropriat$ = su* purposes1 ! ,secret>y ( ,agriculture may make improvem5ts to ! te*nology ( ! ,rural ,h\s+ ,s]vice ( ! ,dep>tm5t ( ,agriculture us$ to process & manage h\s+ loans4 7#b7 ,availability ,am\nts appropriat$ pursuant to p>agraph 7#a7 %all rema9 available until ! date t is #e ye>s aft] ! date ( ! appropriation4 7#c7 ,timel9e ,! ,secret>y ( ,agriculture %all make ! improvem5ts describ$ 9 p>agraph 7#a7 dur+ ! #e-ye> p]iod beg9n+ on ! date on :i* am\nts are appropriat$ "u p>agraph 7#a74 7e7 ,p]man5t e/abli%m5t ( h\s+ pres]vation & revitalization program ,title ,v ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adga et seq47 is am5d$ by add+ at ! end ! foll[+3 #ede4 ,h\s+ pres]vation & revitalization program 7a7 ,e/abli%m5t ,! ,secret>y %all c>ry out a program "u ?is section = ! pres]vation & revitalization ( multifamily r5tal h\s+ projects f9anc$ "u section #ead1 #eae1 or #eaf4 7b7 ,notice ( matur+ loans 7#a7 ,to own]s ,on an annual basis1 ! ,secret>y %all provide writt5 notice to ea* own] ( a prop]ty f9anc$ "u section #ead1 #eae1 or #eaf t w mature )9 ! #d-ye> p]iod beg9n+ ^u ! provision ( ! notice1 sett+ =? ! options & f9ancial inc5tives t are available to facilitate ! ext5sion ( ! loan t]m or ! option to dec\ple a r5tal assi/ance contract pursuant to subsection 7f74 7#b7 ,to t5ants 7,a7 ,9 g5]al ,on an annual basis1 = ea* prop]ty f9anc$ "u section #ead1 #eae1 or #eaf1 n lat] ?an ! date t is #b ye>s be=e ! date t ! loan w mature1 ! ,secret>y %all provide writt5 notice to ea* h\sehold resid+ 9 ! prop]ty t in=ms !m (-- 7i7 ! date ( ! loan maturity2 7ii7 ! possible actions t may happ5 ) respect to ! prop]ty ^u t maturity2 & 7iii7 h[ to protect _! "r to reside 9 f$]ally assi/$ h\s+1 or h[ to secure h\s+ v\*]1 aft] t maturity4 7,b7 ,language ,notice "u ?is p>agraph %all be provid$ 9 pla9 ,engli% & %all be translat$ to o!r languages 9 ! case ( any prop]ty locat$ 9 an area 9 :i* a significant numb] ( resid5ts speak su* o!r languages4 7c7 ,loan re/ructur+ ,"u ! program "u ?is section1 9 any circum/ance 9 :i* ! ,secret>y proposes a re/ructur+ to an own] or an own] proposes a re/ructur+ to ! ,secret>y1 ! ,secret>y may re/ructure su* exi/+ h\s+ loans1 z ! ,secret>y consid]s appropriate1 = ! purpose ( ensur+ t ^? projects h suffici5t res\rces to pres]ve ! projects to provide safe & af=dable h\s+ = l[-income resid5ts & f>m labor]s1 by-- 7#a7 r$uc+ or elim9at+ int]e/2 7#b7 def]r+ loan paym5ts2 7#c7 subord9at+1 r$uc+1 or reamortiz+ loan debt2 7#d7 provid+ o!r f9ancial assi/ance1 includ+ advances1 paym5ts1 & inc5tives 7includ+ ! ability ( own]s to obta9 reasonable returns on inve/m5t7 requir$ by ! ,secret>y2 & 7#e7 p]man5tly remov+ a portion ( ! h\s+ units f income re/rictions :5 su/a9$ vacancies h occurr$4 7d7 ,r5ewal ( r5tal assi/ance 7#a7 ,9 g5]al ,:5 ! ,secret>y proposes to re/ructure a loan or agrees to ! proposal ( an own] to re/ructure a loan pursuant to subsection 7c71 ! ,secret>y %all (f] to r5ew ! r5tal assi/ance contract "u section #eba7;a77#b7 = a t]m t is ! %ort] ( #bj ye>s & ! t]m ( ! re/ructur$ loan1 subject to annual appropriations1 provid$ t ! own] agrees to br+ ! prop]ty up to su* /&>ds t w ensure ma9t5ance ( ! prop]ty z dec5t1 safe1 & sanit>y h\s+ = ! full t]m ( ! r5tal assi/ance contract4 7#b7 ,additional r5tal assi/ance ,) respect to a project describ$ 9 p>agraph 7#a71 if r5tal assi/ance is n available = all h\seholds 9 ! project = :i* ! loan is be+ re/ructur$ pursuant to subsection 7c71 ! ,secret>y may ext5d su* additional r5tal assi/ance to unassi/$ h\seholds at t project z is necess>y to make ! project safe & af=dable to l[-income h\seholds4 7e7 ,re/rictive use agreem5ts 7#a7 ,requirem5t ,z "p ( ! pres]vation & revitalization agreem5t = a project1 ! ,secret>y %all obta9 a re/rictive use agreem5t t is record$ & obligates ! own] to op]ate ! project 9 accordance ) ?is title4 7#b7 ,t]m 7,a7 ,no ext5sion ( r5tal assi/ance contract ,except :5 ! ,secret>y ent]s into a #bj-ye> ext5sion ( ! r5tal assi/ance contract = a project1 ! t]m ( ! re/rictive use agreem5t = ! project %all be consi/5t ) ! t]m ( ! re/ructur$ loan = ! project4 7,b7 ,ext5sion ( r5tal assi/ance contract ,if ! ,secret>y ent]s into a #bj-ye> ext5sion ( ! r5tal assi/ance contract = a project1 ! t]m ( ! re/rictive use agreem5t = ! project %all be = ! long] (-- 7i7 #bj ye>s2 or 7ii7 ! rema9+ t]m ( ! loan = t project4 7,c7 ,t]m9ation ,! ,secret>y may t]m9ate ! #bj-ye> use re/rictive use agreem5t = a project be=e ! end ( ! t]m ( ! agreem5t if ! #bj-ye> r5tal assi/ance contract = ! project ) ! own] is t]m9at$ at any "t = reasons outside ! control ( ! own]4 7f7 ,dec\pl+ ( r5tal assi/ance 7#a7 ,r5ewal ( r5tal assi/ance contract ,if ! ,secret>y det]m9es t a loan matur+ dur+ ! #d-ye> p]iod beg9n+ ^u ! provision ( ! notice requir$ "u subsection 7b77#a7 = a project _c reasonably be re/ructur$ 9 accordance ) subsection 7c7 because x is n f9ancially feasible or ! own] does n agree ) ! propos$ re/ructur+1 & ! project 0 op]at+ ) r5tal assi/ance "u section #eba & ! recipi5t is a borr[] "u section #ead or #eae1 ! ,secret>y may r5ew ! r5tal assi/ance contract1 not)/&+ any requirem5t "u section #eba t ! recipi5t be a curr5t borr[] "u section #ead or #eae1 = a t]m ( #bj ye>s1 subject to annual appropriations4 7#b7 ,additional r5tal assi/ance ,) respect to a project describ$ 9 p>agraph 7#a71 if r5tal assi/ance is n available = all h\seholds 9 ! project = :i* ! loan is be+ re/ructur$ pursuant to subsection 7c71 ! ,secret>y may ext5d su* additional r5tal assi/ance to unassi/$ h\seholds at t project z is necess>y to make ! project safe & af=dable to l[-income h\seholds4 7#c7 ,r5ts 7,a7 ,9 g5]al ,any agreem5t to ext5d ! t]m ( ! r5tal assi/ance contract "u section #eba = a project %all obligate ! own] to cont9ue to ma9ta9 ! project z dec5t1 safe1 & sanit>y h\s+ & to op]ate ! developm5t z af=dable h\s+ 9 a mann] t meets ! goals ( ?is title4 7,b7 ,r5t am\nts ,subject to subp>agraph 7,c71 9 sett+ r5ts1 ! ,secret>y-- 7i7 %all det]m9e ! maximum initial r5t bas$ on curr5t fair m>ket r5ts e/abli%$ "u section #h ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f72 & 7ii7 may annually adju/ ! r5t det]m9$ "u clause 7i7 by ! op]at+ co/ adju/m5t factor z provid$ "u section #ebd ( ! ,multifamily ,assi/$ ,h\s+ ,re=m & ,af=dability ,act ( #aiig 7#db ,u4,s4,c4 #adcg;f note74 7,c7 ,high] r5t 7i7 ,9 g5]al ,subp>agraph 7,b7 %all n apply if ! ,secret>y det]m9es t ! budget-bas$ ne$s ( a project require a high] r5t ?an ! r5t describ$ 9 subp>agraph 7,b74 7ii7 ,r5t ,if ! ,secret>y makes a positive det]m9ation "u clause 7i71 ! ,secret>y may approve a budget-bas$ r5t level = ! project4 7#d7 ,conditions = approval ,be=e ! approval ( a r5tal assi/ance contract au?oriz$ "u ?is section1 ! ,secret>y %all require1 ?r\gh an annual notice 9 ! ,f$]al ,regi/]1 ! own] to submit to ! ,secret>y a plan t id5tifies f9anc+ s\rces & a timetable = r5ovations & improvem5ts det]m9$ to be necess>y by ! ,secret>y to ma9ta9 & pres]ve ! project4 7g7 ,multifamily h\s+ transf] te*nical assi/ance ,"u ! program "u ?is section1 ! ,secret>y may provide grants to qualifi$ nonpr(it organizations & public h\s+ ag5cies to provide te*nical assi/ance1 includ+ f9ancial & legal s]vices1 to borr[]s "u loans "u ?is title = multifamily h\s+ to facilitate ! acquisition or pres]vation ( su* multifamily h\s+ prop]ties 9 areas :]e ! ,secret>y det]m9es !re is a risk ( loss ( af=dable h\s+4 7h7 ,adm9i/rative exp5ses ,( any am\nts made available = ! program "u ?is section = any fiscal ye>1 ! ,secret>y may use n m ?an #a1jjj1jjj = adm9i/rative exp5ses = c>ry+ out su* program4 7i7 ,rulemak+ 7#a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act1 ! ,secret>y %all-- 7,a7 publi% an advance notice ( propos$ rulemak+2 & 7,b7 consult ) appropriate /akehold]s4 7#b7 ,int]im f9al rule ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act1 ! ,secret>y %all publi% an int]im f9al rule to c>ry out ?is section4 4 7f7 ,r5tal assi/ance contract au?ority ,section #eba7;d7 ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adij;a7d771 z am5d$ by ?is section1 is am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 by r$esignat+ subp>agraphs 7,b7 & 7,c7 z subp>agraphs 7,c7 & 7,d71 respectively2 7,b7 by ins]t+ aft] subp>agraph 7,a7 ! foll[+3 7,b7 ^u reque/ ( an own] ( a project f9anc$ "u section #ead or #eae1 ! ,secret>y is au?oriz$ to ent] into r5ewal ( su* agreem5ts = a p]iod ( #bj ye>s or ! t]m ( ! loan1 :i*ev] is %ort]1 subject to am\nts made available 9 appropriations ,acts2 2 7,c7 9 subp>agraph 7,c71 z s r$esignat$1 by /rik+ subp>agraph 7,a7 & ins]t+ subp>agraphs 7,a7 & 7,b72 & 7,d7 9 subp>agraph 7,d71 z s r$esignat$1 by /rik+ subp>agraphs 7,a7 & 7,b7 & ins]t+ subp>agraphs 7,a71 7,b71 & 7,c72 7#b7 9 p>agraph 7#b71 by /rik+ %all & ins]t+ may2 & 7#c7 by add+ at ! end ! foll[+3 7#d7 ,9 ! case ( any r5tal assi/ance contract au?ority t becomes available because ( ! t]m9ation ( assi/ance on behalf ( an assi/$ family-- 7,a7 at ! option ( ! own] ( ! r5tal project1 ! ,secret>y %all provide ! own] a p]iod ( n m ?an #f mon?s be=e unus$ assi/ance is made available pursuant to subp>agraph 7,b7 dur+ :i* ! own] may use su* au?ority to provide assi/ance on behalf ( an eligible unassi/$ family t-- 7i7 is resid+ 9 ! same r5tal project 9 :i* ! assi/$ family resid$ be=e ! t]m9ation2 or 7ii7 newly occupies a dwell+ unit 9 ! r5tal project dur+ t #f-mon? p]iod2 & 7,b7 except = assi/ance us$ z provid$ 9 subp>agraph 7,a71 ! ,secret>y %all use su* rema9+ au?ority to provide assi/ance on behalf ( eligible families resid+ 9 o!r r5tal projects orig9ally f9anc$ "u section #ead1 #eae1 or #eaf4 4 7g7 ,modifications to loans & grants = m9or improvem5ts to f>m h\s+ & build+s2 income eligibility ,section #ejd7;a7 ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adgd7;a77 is am5d$-- 7#a7 9 ! fir/ s5t5ce1 by ins]t+ & may make a loan to an eligible l[-income applicant aft] applicant2 7#b7 by ins]t+ ,n less ?an #fj p]c5t ( loan funds made available "u ?is section %all be res]v$ & made available = v l[-income applicants4 aft] ! fir/ s5t5ce2 & 7#c7 by /rik+ #g1ejj & ins]t+ #ae1jjj4 7h7 ,rural community developm5t initiative ,subtitle ,e ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #bjji et seq47 is am5d$ by add+ at ! end ! foll[+3 #cha,o4 ,rural community developm5t initiative 7a7 ,def9itions ,9 ?is section3 7#a7 ,eligible entity ,! t]m eligible entity means-- 7,a7 a private1 nonpr(it community-bas$ h\s+ or community developm5t organization2 7,b7 a rural community2 or 7,c7 a f$]ally recogniz$ ,indian tribe4 7#b7 ,eligible int]m$i>y ,! t]m eligible int]m$i>y means a qualifi$-- 7,a7 private1 nonpr(it organization2 or 7,b7 public organization4 7b7 ,e/abli%m5t ,! ,secret>y %all e/abli% a ,rural ,community ,developm5t ,initiative1 "u :i* ! ,secret>y %all provide grants1 subject to ! availability ( appropriations1 to eligible int]m$i>ies to c>ry out programs to provide f9ancial & te*nical assi/ance to eligible entities to develop ! capacity & ability ( eligible entities to c>ry out projects to improve h\s+1 community facilities1 & community & economic developm5t projects 9 rural areas4 7c7 ,am\nt ( grants ,! am\nt ( a grant provid$ to an eligible int]m$i>y "u ?is section %all be n m ?an #ejj1jjj4 7d7 ,mat*+ funds 7#a7 ,9 g5]al ,an eligible int]m$i>y receiv+ a grant "u ?is section %all provide mat*+ funds f o!r s\rces1 includ+ ,f$]al funds = relat$ activities1 9 an am\nt n less ?an ! am\nt ( ! grant4 7#b7 ,waiv] ,! ,secret>y may waive p>agraph 7#a7 ) respect to a project t w\ld be c>ri$ out 9 a p]si/5tly poor rural region1 z det]m9$ by ! ,secret>y4 4 7i7 ,annual report on rural h\s+ programs ,title ,v ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adga et seq471 z am5d$ by ?is section1 is am5d$ by add+ at ! end ! foll[+3 #edf4 ,annual report 7a7 ,9 g5]al ,! ,secret>y %all submit to ! appropriate committees ( ,congress & publi% on ! website ( ! ,dep>tm5t ( ,agriculture an annual report on rural h\s+ programs c>ri$ out "u ?is title1 :i* %all include significant details on ! heal? ( ,rural ,h\s+ ,s]vice programs1 includ+-- 7#a7 raw data sortable by programs & by region reg>d+ loan p]=mance2 7#b7 ! h\s+ /ock ( ^? programs1 includ+ in=mation on :y prop]ties end p>ticipation 9 ^? programs1 su* z = maturation1 prepaym5t1 =eclosure1 or o!r s]vic+ issues2 & 7#c7 risk rat+s = prop]ties assi/$ "u ^? programs4 7b7 ,protection ( in=mation ,! data includ$ 9 ea* report requir$ "u subsection 7a7 may be aggregat$ or anonymiz$ to protect p>ticipant f9ancial or p]sonal in=mation4 4 7j7 ,,gao report on ,rural ,h\s+ ,s]vice te*nology ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ,congress a report t includes-- 7#a7 an analysis ( h[ ! outdat$ te*nology us$ by ! ,rural ,h\s+ ,s]vice impacts p>ticipants 9 ! programs ( ! ,rural ,h\s+ ,s]vice2 7#b7 an e/imate ( ! am\nt ( fund+ t is ne$$ to mod]nize ! te*nology us$ by ! ,rural ,h\s+ ,s]vice2 & 7#c7 an e/imate ( ! numb] & type ( new employees ! ,rural ,h\s+ ,s]vice ne$s to mod]nize ! te*nology us$ by ! ,rural ,h\s+ ,s]vice4 7k7 ,adju/m5t to rural developm5t v\*] am\nt 7#a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,agriculture %all issue regulations to e/abli% a process = adju/+ ! v\*] am\nt provid$ "u section #edb ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adijr7 aft] ! issuance ( ! v\*] foll[+ an int]im or annual review ( ! am\nt ( ! v\*]4 7#b7 ,int]im review ,! int]im review describ$ 9 p>agraph 7#a7 %all1 at ! reque/ ( a t5ant1 all[ = a recalculation ( ! v\*] am\nt :5 ! t5ant exp]i5ces a r$uction 9 income1 *ange 9 family composition1 or *ange 9 r5tal rate4 7#c7 ,annual review 7,a7 ,9 g5]al ,! annual review describ$ 9 p>agraph 7#a7 %all require t5ants to annually rec]tify ! family composition ( ! h\sehold & t ! family income ( ! h\sehold does n exce$ #hj p]c5t ( ! area m$ian income at a "t det]m9$ by ! ,secret>y ( ,agriculture4 7,b7 ,consid]ations ,if a t5ant does n rec]tify ! family composition & family income ( ! h\sehold )9 ! "t frame requir$ "u subp>agraph 7,a71 ! ,secret>y ( ,agriculture-- 7i7 %all consid] :e!r ext5uat+ circum/ances caus$ ! delay 9 rec]tification2 & 7ii7 may alt] associat$ consequ5ces = ! failure to rec]tify bas$ on ^? circum/ances4 7,c7 ,effective date ,foll[+ ! annual review ( a v\*] "u p>agraph 7#a71 ! updat$ v\*] am\nt %all be effective on ! #a/ day ( ! mon? foll[+ ! expiration ( ! v\*]4 7#d7 ,deadl9e ,! process e/abli%$ "u p>agraph 7#a7 %all require ! ,secret>y ( ,agriculture to review & update ! v\*] am\nt describ$ 9 p>agraph 7#a7 = a t5ant n lat] ?an #fj days be=e ! end ( ! v\*] t]m4 7l7 ,eligibility = rural h\s+ v\*]s ,section #edb ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adijr7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,eligibility ( h\seholds 9 sections #ead1 #eae1 & #eaf projects ,! ,secret>y may provide rural h\s+ v\*]s "u ?is section = any l[-income h\sehold 7includ+ ^? n receiv+ r5tal assi/ance7 resid+ = a t]m long] ?an ! rema9+ t]m ( _! lease t is 9 effect on ! date ( prepaym5t1 =eclosure1 or mortgage maturity1 9 a prop]ty f9anc$ ) a loan "u section #ead or #eae or a grant "u section #eaf t has-- 7#a7 be5 prepaid ) or )\t re/rictions impos$ by ! ,secret>y pursuant to section #ejb7;c77#e77;,g77ii77,i72 7#b7 be5 =eclos$2 or 7#c7 matur$ aft] ,septemb] #cj1 #bjje4 4 7m7 ,am\nt ( v\*] assi/ance ,not)/&+ any o!r provision ( law1 9 ! case ( any rural h\s+ v\*] provid$ pursuant to section #edb ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adijr71 ! am\nt ( ! mon?ly assi/ance paym5t = ! h\sehold on ^: behalf ! assi/ance is provid$ %all be det]m9$ z provid$ 9 subsection 7a7 ( su* section #edb1 includ+ provid+ = int]im & annual review ( ! v\*] am\nt 9 ! ev5t ( a *ange 9 h\sehold composition or income or r5tal rate4 7n7 ,transf] ( multifamily rural h\s+ projects ,section #eae ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adhe7 is am5d$-- 7#a7 9 subsection 7h71 by add+ at ! end ! foll[+3 7#c7 ,transf] to nonpr(it organizations ,a nonpr(it or public body pur*as]1 includ+ a limit$ p>tn]%ip ) a g5]al p>tn] ) ! pr9cipal purpose ( provid+ af=dable h\s+1 may pur*ase a prop]ty = :i* a loan is made or insur$ "u ?is section t has receiv$ a m>ket value appraisal1 )\t address+ rehabilitation ne$s at ! "t ( pur*ase1 if ! pur*as]-- 7,a7 makes a commitm5t to address rehabilitation ne$s dur+ own]%ip & long-t]m use re/rictions on ! prop]ty2 & 7,b7 at ! "t ( pur*ase1 accepts long-t]m use re/rictions on ! prop]ty4 2 & 7#b7 9 subsection 7w77#a71 9 ! fir/ s5t5ce 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ #i p]c5t & ins]t+ #be p]c5t4 7o7 ,ext5sion ( loan t]m 7#a7 ,9 g5]al ,section #ejb7;a77#b7 ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adgb7;a77#b77 is am5d$-- 7,a7 by ins]t+ 7,a7 be=e ,! ,secret>y2 7,b7 9 subp>agraph 7,a71 z s designat$1 by /rik+ p>agraph & ins]t+ subp>agraph2 & 7,c7 by add+ at ! end ! foll[+3 7,b7 ,! ,secret>y may ref9ance or modify ! p]iod ( any loan1 includ+ any ref9anc$ loan1 made "u ?is section 9 accordance ) t]ms & conditions z ! ,secret>y %all prescribe1 b 9 no ev5t %all ! total t]m ( ! loan f ! date ( ! ref9ance or modification exce$ #dj ye>s4 4 7#b7 ,application ,! am5dm5t made "u p>agraph 7#a7 %all apply ) respect to loans made "u section #ejb ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adgb7 be=e1 on1 or aft] ! date ( enactm5t ( ?is ,act4 7p7 ,release ( liability = section #ejb gu>ante$ borr[] ^u assumption ( orig9al loan by new borr[] ,section #ejb7;h7 ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adgb7;h77 is am5d$-- 7#a7 by /rik+ p>agraph 7#aj7 & ins]t+ ! foll[+3 7#aj7 ,transf] & assumption ,^u ! transf] ( prop]ty = :i* a gu>ante$ loan "u ?is subsection 0 made & ! assumption ( ! gu>ante$ loan by an approv$ eligible borr[]1 ! orig9al borr[] ( a gu>ante$ loan "u ?is subsection %all be reliev$ ( liability ) respect to ! loan4 2 7#b7 by r$esignat+ p>agraph 7#af7 z p>agraph 7#ag72 & 7#c7 by ins]t+ aft] p>agraph 7#ae7 ! foll[+3 7#af7 ,fee 7,a7 ,9 g5]al ,! mortgagee may *>ge an assum+ borr[] a reasonable & cu/om>y process+ fee = an assumption reque/ made "u ?is subsection4 7,b7 ,maximum fee ,! ,secret>y %all set a maximum all[able fee describ$ 9 subp>agraph 7,a71 :i* may be index$ = inflation4 4 7q7 ,dep>tm5t ( ,agriculture loan re/rictions 7#a7 ,def9itions ,9 ?is subsection1 ! t]ms ,/ate & tribal organization h ! mean+s giv5 ^? t]ms 9 section #feh,p ( ! ,*ild ,c>e & ,developm5t ,block ,grant ,act ( #aiij 7#db ,u4,s4,c4 #ihehn74 7#b7 ,revision ,! ,secret>y ( ,agriculture %all revise section #ceee4ajb7;c7 ( title #g1 ,code ( ,f$]al ,regulations1 to exclude f ! re/riction "u t section-- 7,a7 a home-bas$ bus9ess t is a lic5s$1 regi/]$1 or regulat$ *ild c>e provid] "u ,/ate law or by a tribal organization2 & 7,b7 an applicant t has appli$ to become a lic5s$1 regi/]$ or regulat$ *ild c>e provid] "u ,/ate law or by a tribal organization4 7r7 ,loan gu>antees ,section #ejb7;h77#d7 ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adgb7;h77#d77 is am5d$-- 7#a7 by r$esignat+ subp>agraphs 7,a71 7,b71 & 7,c7 z clauses 7i71 7ii71 & 7iii71 respectively1 & adju/+ ! m>g9s accord+ly2 7#b7 by /rik+ ,loans may be gu>ante$ & ins]t+ ! foll[+3 7,a7 ,def9ition ,9 ?is p>agraph1 ! t]m accessory dwell+ unit means a s+le1 habitable liv+ unit-- 7i7 ) means ( sep>ate +ress & egress2 7ii7 t is usually subord9ate 9 size2 7iii7 t c be add$ to1 creat$ )91 or deta*$ f a prim>y #a-unit1 s+le-family dwell+2 & 7iv7 9 comb9ation ) a prim>y #a-unit1 s+le family dwell+1 con/itutes a s+le int]e/ 9 real e/ate4 7,b7 ,s+le family requirem5t ,loans may be gu>ante$ 2 & 7#c7 by add+ at ! end ! foll[+3 7,c7 ,rule ( con/ruction ,no?+ 9 ?is p>agraph %all be con/ru$ to prohibit ! leas+ ( an accessory dwell+ unit or ! use ( r5tal income d]iv$ f su* a lease to qualify = a loan gu>ante$ "u ?is subsection-- 7i7 aft] ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act2 & 7ii7 if ! prop]ty t is ! subject ( ! loan 0 con/ruct$ be=e ! date ( enactm5t ( ! #ba/ ,c5tury ,,road to ,h\s+ ,act4 4 7s7 ,application review 7#a7 ,s5se ( ,congress ,x is ! s5se ( ,congress1 n lat] ?an #ij days aft] ! date on :i* ! ,secret>y ( ,agriculture receives an application = a loan1 grant1 or comb9$ loan & grant "u section #ejb or #ejd ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adgb1 #adgd71 ! ,secret>y ( ,agriculture %\ld-- 7,a7 review ! application2 7,b7 complete ! und]writ+2 7,c7 make a det]m9ation ( eligibility ) respect to ! application2 & 7,d7 notify ! applicant ( det]m9ation4 7#b7 ,report 7,a7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 & annually !reaft] until ! date describ$ 9 subp>agraph 7,b71 ! ,secret>y ( ,agriculture %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report-- 7i7 detail+ ! timel9ess ( eligibility det]m9ations & f9al det]m9ations ) respect to applications "u sections #ejb & #ejd ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adgb1 #adgd71 includ+ ju/ifications = any eligibility det]m9ations tak+ long] ?an #ij days2 & 7ii7 t includes recomm5dations to %ort5 ! timel9e = notifications ( eligibility det]m9ations describ$ 9 clause 7i7 to n m ?an #ij days4 7,b7 ,date describ$ ,! date describ$ 9 ?is subp>agraph is ! date on :i*1 dur+ ! prec$+ #e-ye> p]iod1 ! ,secret>y ( ,agriculture provides ea* eligibility det]m9ation describ$ 9 subp>agraph 7,a7 dur+ ! #ij-;day p]iod beg9n+ on ! date on :i* ea* application is receiv$4 #ejd4 ,new ,mov+ to ,"w cohort 7a7 ,def9itions ,9 ?is section3 7#a7 ,mov+ to "w demon/ration ,! t]m ,mov+ to ,"w demon/ration means ! ,mov+ to ,"w demon/ration au?oriz$ "u section #bjd ( ! ,dep>tm5ts ( ,vet]ans ,affairs & ,h\s+ & ,urban ,developm5t1 & ,indep5d5t ,ag5cies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note74 7#b7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,au?orization ( additional public h\s+ ag5cies 7#a7 ,9 g5]al ,aft] ! completion ( ! initial report requir$ "u subsection 7h77#b71 ! ,secret>y may add up to an additional #be public h\s+ ag5cies t are designat$ z high p]=m+ ag5cies "u ! ,public ,h\s+ ,assessm5t ,sy/em or ! ,section #h ,managem5t ,assessm5t ,program to p>ticipate 9 a new cohort z "p ( ! ,mov+ to ,"w demon/ration4 7#b7 ,"n ,! new cohort au?oriz$ "u p>agraph 7#a7 %all be entitl$ ! ,economic ,opportunity & ,pa?ways to ,indep5d5ce ,cohort4 7c7 ,waiv] au?ority 7#a7 ,9 g5]al ,subject to ?is subsection1 ! au?ority ( ! ,secret>y to grant waiv]s to ag5cies admitt$ to ! ,mov+ to ,"w demon/ration "u ?is section or to designate policy *anges z "p ( a cohort design "u ?is section %all be limit$ to ! ,mov+ to ,"w waiv]s codifi$ z ( ,janu>y #bjbe 9 ,app5dix ,i ( ! docum5t ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t entitl$ ,op]ations ,notice = ! ,expansion ( ! ,mov+ to ,"w ,demon/ration ,program 7,,fr-#eiid-,n-#je7 publi%$ 9 ! ,f$]al ,regi/] on ,augu/ #bh1 #bjbj1 z am5d$ by ! notice entitl$ ,op]ations ,notice = ,expansion ( ! ,mov+ to ,"w ,demon/ration ,program ,te*nical ,revisions 7,,fr-#eiid-,n-#jf7 publi%$ 9 ! ,f$]al ,regi/] on ,m>* #bj1 #bjbe4 7#b7 ,modifications ,! ,secret>y may n waive ! safe h>bor requirem5ts t apply to ! ,mov+ to ,"w waiv]s describ$ 9 p>agraph 7#a7 or modify ^? waiv]s 9 any o!r way = ! purposes ( ! new cohort "u ?is section4 7#c7 ,exceptions 7,a7 ,9 g5]al ,"u p>agraph 7#a71 ! ,secret>y may n grant waiv] #a;c1 #a;d1 #a;e1 #a;f1 #ak1 #al1 #ao1 #ap1 #aq1 #f1 #g1 #i;a1 #i;h1 or #ab 9 ! docum5t describ$ 9 p>agraph 7#a71 includ+ modifications ( or safe h>bor requirem5t waiv]s = su* waiv]s4 7,b7 ,specific wav]s ,if ! ,secret>y grants waiv] #aj or #aa 9 ! docum5t describ$ 9 p>agraph 7#a71 resid5t p>ticipation 9 any program adm9i/]$ pursuant to ^? waiv]s %all be optional = purposes ( ! new cohort "u ?is section4 7#d7 ,policy options ,9 c>ry+ out ! ,mov+ to ,"w demon/ration cohort e/abli%$ "u ?is section1 ! ,secret>y may consid] policy options to provide opt-out sav+s or escr[ acc\nts & report positive r5tal paym5ts to consum] report+ ag5cies 7z def9$ 9 section #fjc ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;a77 ) resid5t cons5t4 7d7 ,fund+ & use ( funds 7#a7 ,9 g5]al ,public h\s+ ag5cies 9 ! cohort au?oriz$ "u ?is section may exp5d n m ?an #e p]c5t ( ! am\nts ^? public h\s+ ag5cies receive 9 any fiscal ye> = h\s+ assi/ance paym5ts "u section #h7o7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o77 = purposes o!r ?an su* h\s+ assi/ance paym5ts4 7#b7 ,o!r uses ,su* o!r uses ( am\nts describ$ 9 p>agraph 7#a7 %all comply ) all o!r applicable requirem5ts4 7#c7 ,=mula 7,a7 ,r5ewal ,! am\nt ( fund+ public h\s+ ag5cies receive = r5ewal ( h\s+ assi/ance paym5ts "u section #h7o7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o77 %all be det]m9$ accord+ to ! same fund+ =mula applicable to public h\s+ ag5cies t d n p>ticipate 9 ! ,mov+ to ,"w demon/ration1 except t ! ,secret>y %all provide public h\s+ ag5cies fund+ to r5ew any funds exp5d$ "u ?is subsection1 ) an adju/m5t = inflation4 7,b7 ,adm9i/rative fees ,! am\nt ( fund+ public h\s+ ag5cies receive = adm9i/rative fees "u section #h7q7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7q771 public h\s+ op]at+ subsidies "u section #i7;e7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;g7e771 & public h\s+ capital fund+ "u section #i7;d7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;g7d77 %all be det]m9$ accord+ to ! same fund+ =mula applicable to public h\s+ ag5cies t d n p>ticipate 9 ! ,mov+ to ,"w demon/ration4 7e7 ,selection requirem5ts ,! ,secret>y %all select public h\s+ ag5cies designat$ "u ?is section ?r\gh a competitive process1 z det]m9$ by ! ,secret>y1 ) ! foll[+ p>amet]s3 7#a7 ,no public h\s+ ag5cy %all be grant$ ?is designation "u ?is section t adm9i/]s m ?an #bg1jjj aggregate h\s+ v\*]s & public h\s+ units4 7#b7 ,( ! public h\s+ ag5cies select$ "u ?is section1 n m ?an #ab %all adm9i/] #a1jjj or few] aggregate h\s+ v\*]s & public h\s+ units1 n m ?an #h %all adm9i/] betwe5 #a1jja & #f1jjj aggregate h\s+ v\*]s & public h\s+ units1 & n m ?an #e %all adm9i/] betwe5 #f1jja & #bg1jjj aggregate h\s+ v\*]s & public h\s+ units4 7#c7 ,selection ( public h\s+ ag5cies "u ?is section %all be bas$ on ensur+ ! geographic div]sity ( ,mov+ to ,"w demon/ration public h\s+ ag5cies4 7#d7 ,)9 ! requirem5ts "u p>agraphs 7#a7 ?r\gh 7#c71 ! ,secret>y %all prioritize select+ public h\s+ ag5cies t s]ve families ) *ildr5 & y\? ag+ out ( fo/] c>e at a rate above ! national av]age4 7f7 ,requirem5ts = select$ public h\s+ ag5cies ,consi/5t ) section #bjd7;c77#c7 ( ! ,dep>tm5ts ( ,vet]ans ,affairs & ,h\s+ & ,urban ,developm5t1 & ,indep5d5t ,ag5cies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note71 public h\s+ ag5cies select$ = ! ,mov+ to ,"w demon/ration "u ?is section %all-- 7#a7 ensure t n less ?an #ge p]c5t ( ! families assi/$ are v l[-income families1 z def9$ 9 section #c7;b77#b77;,b7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7b77#b77;,b772 7#b7 e/abli% a reasonable r5t policy1 :i* %all be design$ to enc\rage employm5t & self-suffici5cy by p>ticipat+ families1 consi/5t ) ! purpose ( ! ,mov+ to ,"w demon/ration1 su* z by exclud+ "s or all ( a family's e>n$ income = purposes ( det]m9+ r5t2 7#c7 cont9ue to assi/ sub/antially ! same total numb] ( eligible l[-income families z w\ld h be5 s]v$ _h ! am\nts n be5 comb9$2 7#d7 ma9ta9 a comp>able mix ( families 7by family size7 z w\ld h be5 provid$ _h ! am\nts n be5 us$ "u ! ,mov+ to ,"w demon/ration2 & 7#e7 assure t h\s+ assi/$ "u ! ,mov+ to ,"w demon/ration meets h\s+ quality /&>ds e/abli%$ or approv$ by ! ,secret>y4 7g7 ,noncompliance 7#a7 ,9 g5]al ,if ! ,secret>y f9ds t a public h\s+ ag5cy p>ticipat+ 9 ! cohort au?oriz$ "u ?is section is n 9 compliance ) ! requirem5ts "u ?is section1 ! ,secret>y %all make a det]m9ation ( noncompliance4 7#b7 ,compliance ,^u mak+ a det]m9ation "u p>agraph 7#a71 ! ,secret>y %all develop a process to br+ ! public h\s+ ag5cy into compliance4 7#c7 ,removal ,if a public h\s+ ag5cy _c be br\ght into compliance "u ! process develop$ "u p>agraph 7#b71 ! ,secret>y %all remove ! p>ticipat+ public h\s+ ag5cy f ! cohort & replace x ) a simil>ly qualifi$ public h\s+ ag5cy curr5tly n 9 ! cohort *os5 9 ! mann] describ$ 9 subsection 7e74 7#d7 ,notification ,^u remov+ a public h\s+ ag5cy "u p>agraph 7#c71 ! ,secret>y %all imm$iately submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives-- 7,a7 a notification ( ! removal2 & 7,b7 a report on ! active /eps ! ,secret>y is tak+ to replace ! public h\s+ ag5cy ) a new public h\s+ ag5cy4 7h7 ,compreh5sive ,mov+ to ,"w report+ & ov]sight requirem5ts 7#a7 ,cohort rese>* 7,a7 ,9 g5]al ,! ,secret>y %all cont9ue ongo+ rese>* inve/igations comm5c$ z "p ( ! assessm5t ( ! cohorts e/abli%$ "u section #bci ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,appropriations ,act1 #bjaf 7#db ,u4,s4,c4 #adcg;f note2 ,public ,law #aad-aac71 make public all products complet$ z "p ( ^? inve/igations1 & keep su* products onl9e = at lea/ #e ye>s4 7,b7 ,coord9ation ,! ,secret>y %all coord9ate ) ! advisory committee e/abli%$ "u section #bci ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,appropriations ,act1 #bjaf 7#db ,u4,s4,c4 #adcg;f note2 ,public ,law #aad-aac7 to e/abli% a rese>* program to evaluate ! outcomes & efficacy ( ! foll[+ = all ,mov+ to ,"w demon/ration ag5cies designat$ "u ! au?ority "u su* section & ?is section3 7i7 ,! waiv]s grant$ to ea* cohort & :e!r ^? waiv]s accompli% ! goals ( a*iev+ great] co/ effectiv5ess & adm9i/rative capacity1 inc5tiviz+ families to become economically self-suffici5t1 & increas+ h\s+ *oice4 7ii7 ,! additional flexibilities grant$ to individual public h\s+ ag5cies "u ea* cohort4 7iii7 ,h[ ! flexibilities describ$ 9 clause 7ii7 7 us$ = local1 non-traditional activities4 7#b7 ,compreh5sive report+ requirem5t ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 & annually !reaft]1 ! ,secret>y %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report t conta9s ! foll[+ = ea* ,mov+ to ,"w demon/ration cohort "u section #bjd ( ! ,dep>tm5ts ( ,vet]ans ,affairs & ,h\s+ & ,urban ,developm5t1 & ,indep5d5t ,ag5cies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note71 section #bci ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,appropriations ,act1 #bjaf 7#db ,u4,s4,c4 #adcg;f note2 ,public ,law #aad-aac71 & ?is section3 7,a7 ,! annual adm9i/rative plans ( ea* ,mov+ to ,"w demon/ration public h\s+ ag5cy4 7,b7 ,assessm5ts ( longitud9al data1 includ+ data on units1 h\seholds1 & outcomes1 :i* %all be evaluat$ to comp>e *anges 9 ! foll[+ tr5ds be=e & aft] ,mov+ to ,"w demon/ration designation3 7i7 ,impacts on t5ants bas$ on ! foll[+1 disaggregat$ by ! public h\s+ program & ! h\s+ *oice v\*] program3 7,i7 ,eviction rates4 7,,ii7 ,h>d%ip policy usage4 7,,iii7 ,%>e ( r5t cov]$ by a h\sehold4 7,,iv7 ,turnov]1 includ+ ! numb] ( h\sehold moves ) or )\t cont9u$ assi/ance4 7,v7 ,reasons = exit f ! program4 7,,vi7 ,! numb] & *>act]i/ics ( h\seholds s]v$1 includ+ h\seholds ) a non-eld]ly family memb] ) a disability1 h\seholds ) #c or m m9ors1 homelessness /atus at ! "t ( admission1 & av]age & m$ian income z a p]c5t ( area m$ian income4 7ii7 ,impacts on public h\s+ ag5cy op]ations bas$ on ! foll[+3 7,i7 ,! numb] ( units1 brok5 d[n by type4 7,,ii7 ,! size1 includ+ ! numb] ( b$rooms p] unit1 accessibility1 af=dability1 & quality ( units4 7,,iii7 ,! l5g? ( ea* waitli/ ma9ta9$ & av]age wait times4 7,,iv7 ,*anges 9 capital backlog ne$s & surplus fund & res]ve levels4 7,v7 ,! numb] ( public h\s+ units und]go+ a conv]sion "u ! r5tal assi/ance demon/ration program au?oriz$ "u ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,appropriations ,act1 #bjab 7,public ,law #aab-ee2 #abe ,/at4 #fgc7 or demolition or disposition projects "u section #ah ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcgp71 includ+ ! numb] ( units lo/ & ! location ( any replacem5t h\s+ result+ f demolition or disposition4 7,,vi7 ,! %>e ( project-bas$ v\*]s comp>$ to t5ant-bas$ v\*]s4 7,,vii7 ,! foll[+ annual h\s+ *oice v\*] data3 7aa7 ,v\*] unit utilization rates4 7bb7 ,v\*] budget utilization rates4 7cc7 ,annualiz$ v\*] success rate4 7dd7 ,demographic composition ( h\seholds issu$ v\*]s comp>$ to utiliz$ v\*]s4 7ee7 ,av]age "t to lease-up4 7ff7 ,av]age co/ p] v\*]4 7gg7 ,av]age co/ p] l&lord inc5tive4 7hh7 ,ratio ( ! proportion ( v\*] h\seholds liv+ 9 conc5trat$ l[-income areas to ! proportion ( r5t]-occupi$ units 9 conc5trat$ l[-income areas4 7ii7 ,*>act]i/ics ( c5sus tracts :]e v\*] recipi5ts reside4 7,,viii7 ,h[ ! public h\s+ ag5cy met ea* ( ! /atutory requirem5ts 9 section #bjd7;c77#c7 ( ! ,dep>tm5ts ( ,vet]ans ,affairs & ,h\s+ & ,urban ,developm5t1 & ,indep5d5t ,ag5cies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note74 7iii7 ,impacts on public h\s+ /aff+ & capacity1 includ+ ! av]age public h\s+ ag5cy op]at+1 adm9i/rative1 & h\s+ assi/ance paym5t exp5ditures p] h\sehold p] mon?4 7,c7 ,legislative recomm5dations = flexibilities t c\ld be exp&$ to all public h\s+ ag5cies & h[ ea* flexibility enhances h\s+ *oice1 af=dability1 & adm9i/rative capacity & effici5cy = public h\s+ ag5cies4 7#c7 ,public availability 7,a7 ,9 g5]al ,! ,secret>y %all ma9ta9 all reports submitt$ pursuant to ?is section 9 a mann] t is publicly available1 accessible1 & se>*able on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t = n less ?an #e ye>s4 7,b7 ,o!r in=mation 7i7 ,9 g5]al ,! ,secret>y %all make ! annual plan ( ! ,mov+ to ,"w demon/ration1 ! ,section #h adm9i/rative plan1 & ! admission & cont9u$ occupancy policy = ea* ye> publicly available 9 #a location on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t = n less ?an #e ye>s4 7ii7 ,database ,! ,secret>y may e/abli% a se>*able database on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t to track ! types ( flexibilities into :i* ,mov+ to ,"w demon/ration public h\s+ ag5cies h opt$ or = :i* a waiv] 0 approv$ by ! ,secret>y1 disaggregat$ by ! ye> su* flexibilities 7 adopt$ or approv$4 #eje4 ,inc5tiviz+ local solutions to homelessness ,section #dad ( ! ,mc,kinney-,v5to ,homeless ,assi/ance ,act 7#db ,u4,s4,c4 #aacgc7 is am5d$ by add+ at ! end ! foll[+3 7f7 ,fund+ cap waiv] au?ority 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law or regulation1 a recipi5t may reque/ a waiv] to ! exp5diture limit e/abli%$ pursuant to section #dae7;b7 = am\nts provid$ = ea* ( fiscal ye>s #bjbg ?r\gh #bjcj4 7#b7 ,waiv] reque/ 7,a7 ,9 g5]al ,a recipi5t seek+ a waiv] describ$ 9 p>agraph 7#a7 %all submit to ! ,secret>y a waiv] reque/ t includes n m ?an ! foll[+3 7i7 ,a demon/ration ( local ne$s & circum/ances t necessitate a waiv]4 7ii7 ,a detail$ plan = h[ ! recipi5t int5ds to use funds4 7iii7 ,a ju/ification = h[ ! propos$ use ( funds supports ! mo/ rec5t ,consolidat$ ,plan submitt$ by ! recipi5t4 7iv7 ,any public input solicit$ "u subp>agraph 7,b77ii74 7,b7 ,notification ,ea* recipi5t %all-- 7i7 notify all subrecipi5ts & local ,cont9uums ( ,c>e t s]ve ! recipi5t's geographic area ( ! availability ( waiv]s "u ?is subsection2 & 7ii7 prior to ! submission ( a waiv] reque/ "u subp>agraph 7,a71 solicit public input reg>d+ ! pot5tial ne$ = & propos$ uses ( su* waiv]4 7,c7 ,approval2 publication ,! ,secret>y %all-- 7i7 make all waiv] reque/s submitt$ "u subp>agraph 7,a7 publicly available on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 7ii7 n lat] ?an #fj days aft] ! date on :i* ! ,secret>y receives a waiv] reque/ "u subp>agraph 7,a71 approve or d5y ! reque/2 & 7iii7 d5y any waiv] reque/ submitt$ "u subp>agraph 7,a7 by a recipi5t t relocates or ?reat5 to relocate individuals or _! prop]ty )\t provid+ em]g5cy %elt]1 rapid reh\s+1 transitional h\s+1 p]man5t supportive h\s+1 or o!r p]man5t h\s+ options4 7#c7 ,revocation 7,a7 ,9 g5]al ,a waiv] approv$ "u ?is subsection %all rema9 9 effect = ! duration ( ! p]iod ( p]=mance ( fiscal ye> #bjbg ?r\gh #bjcj grants unless ! recipi5t notifies ! ,secret>y 9 writ+ t ! recipi5t wi%es to revoke ! waiv]4 7,b7 ,notification ,if a recipi5t int5ds to revoke a waiv] "u subp>agraph 7,a71 ! recipi5t %all-- 7i7 solicit input f subrecipi5ts reg>d+ ! revocation be=e submitt+ ! revocation2 & 7ii7 provide subrecipi5ts ) a summ>y ( ! input & ! ju/ification = ! revocation 9 its submittal prior to notify+ ! ,secret>y 9 writ+4 7,c7 ,publication ,! ,secret>y %all publi% any revocation ( a waiv] "u subp>agraph 7,a7 & ! ju/ification ( ! recipi5t = ! waiv] on ! website ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 4 ,,vi ,vet]ans & ,h\s+ #fja4 ,,va ,home ,loan ,aw>5ess ,act 7a7 ,9 g5]al ,subp>t ,a ( "p #b ( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial ,safety & ,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4 #deda et seq47 is am5d$ by add+ at ! end ! foll[+3 #acbi4 ,uni=m resid5tial loan application ,n lat] ?an #f mon?s aft] ! date ( enactm5t ( ?is section1 ! ,director %all1 by regulation or ord]1 require ea* ent]prise to include a disclaim] bel[ ! milit>y s]vice "q on ! =m kn[n z ! ,uni=m ,resid5tial ,loan ,application /at+1 ,if yes1 y may qualify = a ,,va ,home ,loan4 ,consult y\r l5d] reg>d+ eligibility44 4 7b7 ,,gao /udy ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy & submit to ,congress a report on :e!r n less ?an #hj p]c5t ( l5d]s us+ ! ,uni=m ,resid5tial ,loan ,application h includ$ on t =m ! disclaim] requir$ "u section #acbi ( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial ,safety & ,s\ndness ,act ( #aiib1 z add$ by subsection 7a74 #fjb4 ,vet]ans ,affairs ,loan ,in=m$ ,disclosure 7,,valid7 ,act 7a7 ,,fha in=m$ consum] *oice disclosure 7#a7 ,inclusion ( in=mation relat+ to va loans ,subp>agraph 7,a7 ( section #bjc7;f77#b7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agji7;f77#b77;,a77 is am5d$-- 7,a7 by /rik+ ratio 9 & ins]t+ ratio-- 7i7 9 2 & 7,b7 by add+ at ! end ! foll[+3 7ii7 9 connection ) a loan gu>ante$ or insur$ "u *apt] #cg ( title #ch1 ,unit$ ,/ates ,code1 assum+ prevail+ int]e/ rates2 & 4 7#b7 ,rule ( con/ruction ,no?+ 9 ! am5dm5ts made by p>agraph 7#a7 %all be con/ru$ to require an orig9al l5d] to det]m9e :e!r a prospective borr[] is eligible = any loan includ$ 9 ! notice requir$ "u section #bjc7;f7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agji7;f774 7b7 ,milit>y s]vice "q 7#a7 ,9 g5]al ,subp>t ,a ( "p #b ( subtitle ,a ( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial ,safety & ,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4 #deda et seq471 z am5d$ by section #fja7;a7 ( ?is ,act1 is am5d$ by add+ at ! end ! foll[+3 #accj4 ,uni=m resid5tial loan application ,n lat] ?an #f mon?s aft] ! date ( enactm5t ( ?is section1 ! ,director %all require ea* ent]prise to-- 7#a7 include a milit>y s]vice "q on ! =m kn[n z ! ,uni=m ,resid5tial ,loan ,application2 & 7#b7 position ! "q describ$ 9 p>agraph 7#a7 above ! signature l9e ( ! ,uni=m ,resid5tial ,loan ,application4 4 7#b7 ,rulemak+ ,n lat] ?an #f mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy %all issue a rule to c>ry out ! am5dm5t made by ?is section4 #fjc4 ,h\s+ ,unh\s$ ,disabl$ ,vet]ans ,act 7a7 ,exclusion ( c]ta9 disability b5efits ,section #c7;b77#d77;,b7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7b77#d77;,b77 is am5d$-- 7#a7 by r$esignat+ clauses 7iv7 & 7v7 z clauses 7vi7 & 7vii71 respectively2 & 7#b7 by ins]t+ aft] clause 7iii7 ! foll[+3 7iv7 = ! purpose ( det]m9+ income eligibility ) respect to ! support$ h\s+ program "u section #h7o77#ai71 any disability b5efits receiv$ "u *apt] #aa or *apt] #ae ( title #ch1 ,unit$ ,/ates ,code1 receiv$ by a vet]an1 except t ?is exclusion %all n apply to ! income 9 ! def9ition ( adju/$ income2 7v7 = ! purpose ( det]m9+ income eligibility ) respect to any h\sehold receiv+ r5tal assi/ance "u ! support$ h\s+ program "u section #h7o77#ai7 z x relates to eligibility = o!r types ( h\s+ assi/ance1 any disability b5efits receiv$ "u *apt] #aa or *apt] #ae ( title #ch1 ,unit$ ,/ates ,code1 receiv$ by a vet]an1 b su* am\nts %all n be exclud$ f income :5 det]m9+ adju/$ income2 4 7b7 ,treatm5t ( c]ta9 disability b5efits 7#a7 ,9 g5]al ,:5 det]m9+ ! eligibility ( a vet]an to r5t a resid5tial dwell+ unit con/ruct$ on ,dep>tm5t prop]ty on or aft] ! date ( ! enactm5t ( ?is ,act1 = :i* assi/ance is provid$ z "p ( a h\s+ assi/ance program adm9i/]$ by ! ,secret>y1 ! ,secret>y %all exclude f income any disability b5efits receiv$ "u *apt] #aa or *apt] #ae ( title #ch1 ,unit$ ,/ates ,code by su* p]son4 7#b7 ,def9itions ,9 ?is subsection3 7,a7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7,b7 ,dep>tm5t prop]ty ,! t]m ,dep>tm5t prop]ty has ! mean+ giv5 ! t]m 9 section #ija ( title #ch1 ,unit$ ,/ates ,code4 ,,vii ,ov]sight & ,acc\ntability #gja4 ,requir+ annual te/imony & ov]sight f h\s+ regulators 7a7 ,requirem5t to te/ify ,section #g ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t ,act 7#db ,u4,s4,c4 #cece7 is am5d$ by add+ at ! end ! foll[+3 7u7 ,annual te/imony ,! ,secret>y %all appe> be=e ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives at an annual he>+ & pres5t te/imony reg>d+ ! op]ations ( ! ,dep>tm5t dur+ ! prec$+ ye>1 includ+-- 7#a7 ! curr5t programs & op]ations ( ! ,dep>tm5t2 7#b7 ! physical condition ( all public h\s+ & o!r h\s+ assi/$ by ! ,dep>tm5t2 7#c7 ! f9ancial heal? ( ! mortgage insurance funds ( ! ,f$]al ,h\s+ ,ag5cy2 7#d7 ov]sight by ! ,dep>tm5t ( grantees & subgrantees = purposes ( prev5t+ wa/e1 fraud1 & abuse2 7#e7 ! progress made by ! ,f$]al ,gov]nm5t 9 end+ ! af=dable h\s+ & homelessness crises2 7#f7 ! capacity ( ! ,dep>tm5t to deliv] on its /atutory mission2 & 7#g7 o!r ongo+ activities ( ! ,dep>tm5t1 z appropriate4 4 7b7 ,gov]nm5t gu>ante$ or insur$ mortgages ,on an annual basis1 ! foll[+ individuals %all te/ify be=e ! appropriate committees ( ,congress ) respect to mortgage loans made1 gu>ante$1 or insur$ by ! ,f$]al ,gov]nm5t3 7#a7 ,! ,presid5t ( ! ,gov]nm5t ,national ,mortgage ,association4 7#b7 ,! ,f$]al ,h\s+ ,commission]4 7#c7 ,! ,adm9i/rator ( ! ,rural ,h\s+ ,s]vice4 7#d7 ,! ,executive ,director ( ! ,loan ,gu>anty ,s]vice ( ! ,dep>tm5t ( ,vet]ans ,affairs4 7#e7 ,! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy4 7c7 ,mortgagee review bo>d ,section #bjb7;c77#h7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjh7;c77#h77 is am5d$-- 7#a7 by /rik+ 1 9 consultation ) ! ,f$]al ,h\s+ ,adm9i/ration ,advisory ,bo>d12 & 7#b7 by ins]t+ & to ,congress aft] ! ,secret>y4 #gjb4 ,,fha report+ requirem5ts on safety & s\ndness 7a7 ,mon?ly report+ on mutual mortgage insurance fund capital ratio ,section #bjb7;a7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjh7;a77 is am5d$ by add+ at ! end ! foll[+3 7#h7 ,o!r requir$ report+ ,! ,secret>y %all-- 7,a7 submit to ,congress mon?ly reports on ! capital ratio requir$ "u section #bje7;f77#b72 & 7,b7 notify ,congress z soon z practicable aft] ! ,fund falls bel[ ! capital ratio requir$ "u section #bje7;f77#b74 4 7b7 ,annual indep5d5t actu>ial /udy ,section #bjb7;a77#d7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjh7;a77#d77 is am5d$-- 7#a7 by /rik+ ,! ,secret>y & ins]t+ ! foll[+3 7,a7 ,def9ition ,9 ?is p>agraph1 ! t]m fir/-"t homebuy] means a borr[] = :om no consum] report 7z def9$ 9 section #fjc ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;a77 indicates t ! borr[] has or _h a loan ) a consum] purpose t is secur$ by a #a- to #d-unit resid5tial real prop]ty4 7,b7 ,/udy & report ,! ,secret>y 2 & 7#b7 9 subp>agraph 7,b71 z s designat$1 9 ! f\r? s5t5ce1 by /rik+ also & ins]t+ detail h[ _m loans 7 orig9at$ 9 ea* c5sus tract to fir/-"t homebuy]s1 &4 7c7 ,annual report ,section #bjc7w77#b7 ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agji7w77#b77 is am5d$ by ins]t+ & cov]$ & fir/-"t homebuy]s 7z def9$ 9 section #bjb7;a77#d77;,a77 aft] m9ority borr[]s4 #gjc4 ,unit$ ,/ates ,int]ag5cy ,c\ncil on ,homelessness ov]sight ,section #bjc7;a7 ( ! ,mc,kinney-,v5to ,homeless ,assi/ance ,act 7#db ,u4,s4,c4 #aacac7;a77 is am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 by /rik+ ,homeless ,em]g5cy ,assi/ance & ,rapid ,transition to ,h\s+ ,act ( #bjji & ins]t+ ,r5ew+ ,opportunity 9 ! ,am]ican ,dream to ,h\s+ ,act2 & 7,b7 by /rik+ update su* plan annually & ins]t+ submit to ! ,presid5t & ,congress a report e ye> !reaft] t includes-- 7,a7 ! /atus ( completion ( ! plan2 & 7,b7 any modifications t 7 made to ! plan & ! reasons = ^? modifications2 2 7#b7 by r$esignat+ p>agraphs 7#aj7 ?r\gh 7#ac7 z p>agraphs 7#aa7 ?r\gh 7#ad71 respectively2 7#c7 by r$esignat+ ! second p>agraph 7#i7 7relat+ to collect+ & dissem9at+ in=mation7 z p>agraph 7#aj72 7#d7 9 p>agraph 7#ac71 z s r$esignat$1 by /rik+ & at ! end2 7#e7 9 p>agraph 7#ad71 z s r$esignat$1 by /rik+ ! p]iod at ! end & ins]t+ 82 & 7#f7 by add+ at ! end ! foll[+3 7#ae7 te/ify annually be=e ,congress4 4 #gjd4 ,appraisal ,mod]nization ,act 7a7 ,reconsid]ation ( value 7#a7 ,f$]ally back$ mortgage loan def9$ ,9 ?is subsection1 ! t]m ,f$]ally back$ mortgage loan has ! mean+ giv5 ! t]m 9 section #djbb ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijef74 7#b7 ,requirem5t ,! ,secret>y ( ,agriculture1 ! ,secret>y ( ,vet]ans ,affairs1 ! ,commission] ( ! ,f$]al ,h\s+ ,adm9i/ration1 & ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy %all ea* implem5t & ma9ta9 requirem5ts t cr$itors ( a f$]ally back$ mortgage loan h a review & resolution proc$ure = a consum]-initiat$ reconsid]ation ( value or subsequ5t appraisal 9 connection ) a consum] cr$it transaction secur$ by a consum]'s pr9cipal dwell+4 7b7 ,public appraisal database 7#a7 ,cov]$ ag5cies def9$ ,9 ?is subsection1 ! t]m cov]$ ag5cies means-- 7,a7 ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 on behalf ( ! ,f$]al ,national ,mortgage ,association & ! ,f$]al ,home ,loan ,mortgage ,corporation2 7,b7 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 includ+ ! ,f$]al ,h\s+ ,adm9i/ration2 7,c7 ! ,dep>tm5t ( ,agriculture2 & 7,d7 ! ,dep>tm5t ( ,vet]ans ,affairs4 7#b7 ,feasibility report ,no lat] ?an #bdj days aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ,congress a public report assess+ ! feasibility ( creat+ a publicly available appraisal database t consi/s ( a se>*able & d[nloadable appraisal-level public use file t consolidates appraisal data held or aggregat$ by cov]$ ag5cies1 includ+-- 7,a7 ! co/s & b5efits associat$ ) e/abli%+ & ma9ta9+ ! public database2 7,b7 ! b5efits & risks associat$ ) ! ,f$]al ,h\s+ ,f9ance ,ag5cy or ! ,bureau ( ,consum] ,f9ancial ,protection be+ responsible = ! public database & :e!r !re is ano!r ,f$]al ag5cy be/ suit$ = implem5t+ & adm9i/]+ su* database2 7,c7 any safety & s\ndness1 antitru/1 or consum] privacy-relat$ risks associat$ ) mak+ c]ta9 appraisal data factors publicly available1 includ+ :e!r- 7i7 !re are any exi/+ legal requirem5ts1 includ+ "u ! ,home ,mortgage ,disclosure ,act ( #aige 7#ab ,u4,s4,c4 #bhja et seq47 & section #eeb ( title #e1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,fre$om ( ,in=mation ,act71 or additional actions ,f$]al ag5cies c\ld take to mitigate su* risks1 su* z modify+ or aggregat+ data or elim9at+ p]sonally id5tifiable in=mation2 & 7ii7 !re are any data factors t1 if made public1 may violate conduct1 e?ics1 or o!r pr(essional /&>ds z !y relate to appraisals & appraisal or valuation pr(essionals2 7,d7 ! feasibility ( consolidat+ or mat*+ appraisal data held by cov]$ ag5cies ) correspond+ data t is requir$ & made public "u ! ,home ,mortgage ,disclosure ,act ( #aige 7#ab ,u4,s4,c4 #bhja et seq472 7,e7 :e!r ! publication ( any appraisal data factors may pose unfair bus9ess advantages )9 ! valuation indu/ry2 7,f7 ! feasibility ( includ+ all valuation data held by cov]$ ag5cies1 includ+ data produc$ by automat$ valuation models2 7,g7 ! feasibility & b5efits ( mak+ ! full appraisal dataset1 includ+ any modifi$ fields1 available to-- 7i7 ,f$]al ag5cies1 includ+ = purposes relat$ to en=cem5t & sup]vision responsibilities2 7ii7 relevant ,/ate lic5s+1 sup]vision1 & en=cem5t ag5cies & ,/ate attorneys g5]al2 7iii7 approv$ rese>*]s1 includ+ academics & nonpr(it organizations t1 9 connection ) _! mission1 "w to ensure ! fairness & consi/5cy ( home valuations1 includ+ appraisals2 & 7iv7 any o!r entities id5tifi$ by ! ,comptroll] ,g5]al z hav+ a compell+ use = disaggregat$ data2 7,h7 :at appraisal data is already available 9 ! public doma92 & 7,i7 ! feasibility ( incorporat+ legacy data held by cov]$ ag5cies dur+ ! p]iod beg9n+ on ,janu>y #a1 #bjag & end+ on ! date ( enactm5t ( ?is ,act1 & :e!r !re are specific data po9ts n easily consolidat$ or mat*$1 z describ$ 9 subp>agraph 7,d71 ) m rec5t data4 7#c7 ,purpose ,! database describ$ 9 p>agraph 7#b7 %all be us$ to provide ! public1 ! ,f$]al ,gov]nm5t1 & ,/ate gov]nm5ts ) resid5tial real e/ate appraisal data to help det]m9e :e!r f9ancial in/itutions1 appraisal managem5t companies1 apprais]s1 valuation te*nologies1 su* z automat$ valuation models1 & o!r valuation pr(essionals are effectively s]v+ ! entire h\s+ m>ket4 7#d7 ,consultation ,z "p ( ! in=mation us$ 9 ! report requir$ "u p>agraph 7#b71 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct int]views )-- 7,a7 relevant ,f$]al ag5cies2 7,b7 relevant ,/ate lic5s+1 sup]vision1 & en=cem5t ag5cies & ,/ate attorneys g5]al2 7,c7 apprais]s & o!r home valuation indu/ry pr(essionals2 7,d7 mortgage l5d+ in/itutions2 7,e7 fair h\s+ & fair l5d+ exp]ts2 & 7,f7 any o!r relevant /akehold]s z det]m9$ by ! ,comptroll] ,g5]al4 7#e7 ,he>+ ,^u ! completion ( ! report "u p>agraph 7#b71 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives %all ea* hold a he>+ on ! f9d+s ( ! report & ! feasibility ( e/abli%+ a public appraisal-level appraisal database4 ,,viii ,coord9ation1 ,/udies1 & ,report+ #hja4 ,,hud-,,usda-,,va ,int]ag5cy ,coord9ation ,act 7a7 ,memor&um ( und]/&+ ,! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,vet]ans ,affairs %all e/abli% a memor&um ( und]/&+1 or o!r appropriate int]ag5cy agreem5t1 to %>e relevant h\s+-relat$ rese>* & m>ket data t facilitates evid5ce-bas$ policymak+4 7b7 ,int]ag5cy report 7#a7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,vet]ans ,affairs %all jo9tly submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report conta9+-- 7,a7 a description ( opportunities = increas$ collaboration betwe5 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,vet]ans ,affairs to r$uce ineffici5cies 9 h\s+ programs2 7,b7 a li/ ( ,f$]al laws 7includ+ regulations7 t adv]sely affect ! availability & af=dability ( new con/ruction ( assi/$ h\s+ & s+le family & multifamily resid5tial h\s+ subject to mortgages insur$ "u title ,,ii ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjg et seq471 insur$1 gu>ante$1 or made by ! ,secret>y ( ,agriculture "u title ,v ( ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adga et seq471 or insur$1 gu>ante$1 or made by ! ,secret>y ( ,vet]ans ,affairs "u *apt] #cg ( title #ch1 ,unit$ ,/ates ,code2 & 7,c7 recomm5dations = ,congress reg>d+ ! ,f$]al laws 7includ+ regulations7 describ$ 9 subp>agraph 7,b74 7#b7 ,publication ,! report requir$ "u p>agraph 7#a7 %all1 prior to submission "u t subsection1 be publi%$ 9 ! ,f$]al ,regi/] & op5 = comm5t = a p]iod ( #cj days4 #hjb4 ,/reaml9+ ,rural ,h\s+ ,act 7a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t & ! ,secret>y ( ,agriculture %all ent] into a memor&um ( und]/&+ to-- 7#a7 evaluate categorical exclusions "u ! environm5tal review process = h\s+ projects fund$ by am\nts f ! ,dep>tm5t ( ! ,h\s+ & ,urban ,developm5t & ! ,dep>tm5t ( ,agriculture2 7#b7 develop a process to designate a lead ag5cy & /reaml9e adoption ( ,environm5tal ,impact ,/atem5ts & ,environm5tal ,assessm5ts approv$ by ! o!r ,dep>tm5t to con/ruct h\s+ projects fund$ by bo? ag5cies2 7#c7 ma9ta9 compliance ) environm5tal regulations "u "p #eh ( title #bd1 ,code ( ,f$]al ,regulations1 z 9 effect on ,janu>y #a1 #bjbe1 except z requir$ to am5d1 add1 or remove categorical exclusions id5tifi$ "u sections #eh4ce ( title #bd1 ,code ( ,f$]al ,regulations1 ?r\gh /&>d rulemak+ proc$ures2 & 7#d7 evaluate ! feasibility ( a jo9t physical inspection process = h\s+ projects fund$ by am\nts f ! ,dep>tm5t ( ! ,h\s+ & ,urban ,developm5t & ! ,dep>tm5t ( ,agriculture4 7b7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t & ! ,secret>y ( ,agriculture %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report t includes recomm5dations = legislative1 regulatory1 or adm9i/rative actions-- 7#a7 to improve ! effici5cy & effectiv5ess ( h\s+ projects fund$ by am\nts f ! ,dep>tm5t ( ! ,h\s+ & ,urban ,developm5t & ! ,dep>tm5t ( ,agriculture2 & 7#b7 t d n mat]ially1 ) respect to resid5ts ( h\s+ projects describ$ 9 p>agraph 7#a7-- 7,a7 r$uce ! safety ( ^? resid5ts2 7,b7 %ift long-t]m co/s onto ^? resid5ts2 or 7,c7 und]m9e ! environm5tal /&>ds ( ^? resid5ts4 #hjc4 ,improv+ self-suffici5cy ( families 9 ,,hud-subsidiz$ h\s+ 7a7 ,9 g5]al 7#a7 ,/udy ,subject to subsection 7b71 ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all conduct a /udy on ! implem5tation ( "w requirem5ts implem5t$ prior to ! date ( enactm5t ( ?is ,act by public h\s+ ag5cies describ$ 9 p>agraph 7#d7 p>ticipat+ 9 ! ,mov+ to ,"w demon/ration au?oriz$ "u section #bjd ( ! ,dep>tm5ts ( ,vet]ans ,affairs & ,h\s+ & ,urban ,developm5t1 & ,indep5d5t ,ag5cies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note74 7#b7 ,scope ,! /udy requir$ "u p>agraph 7#a7 %all-- 7,a7 consid] ! %ort-1 m$ium-1 & long-t]m b5efits & *all5ges ( "w requirem5ts on public h\s+ ag5cies describ$ 9 p>agraph 7#d7 & on program p>ticipants :o are subject to su* requirem5ts1 includ+ ! effects "w requirem5ts h on homelessness rates1 pov]ty rates1 asset build+1 e>n+s gr[?1 job atta9m5t & ret5tion1 & public h\s+ ag5cies' adm9i/rative capacity2 & 7,b7 include quantitative & qualitative evid5ce1 includ+ int]views ) program p>ticipants describ$ 9 subp>agraph 7,a7 & _! respective resid5t c\ncils4 7#c7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report on ! initial f9d+s ( ! /udy requir$ "u p>agraph 7#a74 7#d7 ,public h\s+ ag5cies describ$ ,! public h\s+ ag5cies describ$ 9 ?is p>agraph are public h\s+ ag5cies t1 z "p ( an application to p>ticipate 9 ! demon/ration au?oriz$ "u section #bjd ( ! ,dep>tm5ts ( ,vet]ans ,affairs & ,h\s+ & ,urban ,developm5t1 & ,indep5d5t ,ag5cies ,appropriations ,act1 #aiif 7#db ,u4,s4,c4 #adcg;f note71 submit a proposal id5tify+ "w requirem5ts z an innovative proposal4 7b7 ,det]m9ation ,! requirem5t "u subsection 7a7 %all apply if ! ,secret>y ( ,h\s+ & ,urban ,developm5t det]m9es t-- 7#a7 !re are a suffici5t numb] ( public h\s+ ag5cies describ$ 9 subsection 7a77#d7 su* t ! ,secret>y ( ,h\s+ & ,urban ,developm5t c rigor\sly evaluate ! impact ( ! implem5tation ( "w requirem5ts describ$ 9 t subsection2 & 7#b7 ! /udy w\ld n negatively impact l[-income families receiv+ assi/ance ?r\gh a public h\s+ ag5cy describ$ 9 subsection 7a77#d74 #hjd4 ,,gao /udies 7a7 ,work=ce h\s+ /udy 7#a7 ,middle-income h\sehold def9$ ,9 ?is subsection1 ! t]m middle income h\sehold means a h\sehold ) an income above #hj-p]c5t b t does n exce$ #abj-p]c5t ( ! m$ian family income ( ! area1 z det]m9$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t ) adju/m5ts = small] & l>g] families4 7#b7 ,/udy ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy & submit to ,congress a report t-- 7,a7 id5tifies ob/acles middle-income h\seholds face :5 look+ to secure af=dable h\s+2 7,b7 id5tifies geographic areas :]e h\s+ is ! mo/ unaf=dable & unavailable = middle-income h\seholds2 7,c7 includes a li/ ( ,f$]al h\s+ programs1 includ+ ,f$]al tax cr$its1 grants1 & loan programs1 t are n available to middle-income h\seholds due to _! income /atus1 includ+ ,f$]al h\s+ programs design$ to promote af=dability2 7,d7 recomm5ds income & o!r p>amet]s to e/abli% a cle> & consi/5t ,f$]al def9ition = ! t]m work=ce h\s+ = use :5 describ+ ! segm5t ( h\s+ t c\ld be made available to ^? middle-income h\seholds 9 ,f$]al h\s+ programs if fund+ comm5surate ) ! additional eligibility 7 to be made available2 & 7,e7 analyzes h[ to modify or newly develop new ,f$]al h\s+ programs & inc5tives to include work=ce h\s+ if fund+ comm5surate ) ! additional eligibility 7 to be made available4 7b7 ,h\s+ = eld]ly or disabl$ ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all c>ry out a /udy & submit to ,congress a report t id5tifies options to remove b>ri]s & improve h\s+ = p]sons :o are eld]ly or disabl$1 includ+ any pot5tial impacts ( provid+ capital advances =-- 7#a7 ! program = supportive h\s+ = ! eld]ly "u section #bjb ( ! ,h\s+ ,act ( #aiei 7#ab ,u4,s4,c4 #agjaq72 & 7#b7 ! program = supportive h\s+ = p]sons ) disabilities "u section #haa ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #hjac74 7c7 ,proximity ( h\s+ to ,sup]fund sites ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all c>ry out a /udy & submit to ,congress a report t id5tifies h[ _m resid5tial dwell+ units1 & h[ _m dwell+ units t are a "p ( public h\s+ 7z def9$ 9 section #c7;b7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;a7b7771 are locat$ less ?an #a mile f a site t is includ$ on ! ,national ,priorities ,li/ e/abli%$ pursuant to section #aje ( ! ,compreh5sive ,environm5tal ,response1 ,comp5sation1 & ,liability ,act ( #aihj 7#db ,u4,s4,c4 #ifje74 7d7 ,resid5tial heirs prop]ty ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all c>ry out a /udy & submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report t-- 7#a7 e/abli%es a compreh5sive def9ition ( resid5tial heirs prop]ty1 or family l& inh]it$ )\t a w or legal docum5tation ( own]%ip2 7#b7 exam9es ! occurr5ce ( & consequ5ces to own]s ( resid5tial heirs prop]ty1 & provides an e/imate reg>d+ ! numb] ( curr5t resid5tial heirs prop]ties2 7#c7 describes ! objectives & requirem5ts ( ! ,uni=m ,p>tition ( ,heirs ,prop]ty ,act z approv$ by ! ,national ,conf]5ce ( ,commission]s on ,uni=m ,/ate ,laws 9 #bjaj2 7#d7 details ! v>i\s res\rces t may be available to ! own]s ( resid5tial heirs prop]ties1 includ+ h\s+ c\nsel+1 legal s]vices1 & f9ancial assi/ance to resolve resid5tial heirs prop]ty title issues f ! ,f$]al ,gov]nm5t1 nonpr(it organizations1 & in/itutions ( high] education2 & 7#e7 makes recomm5dations ) respect to h[ to r$uce ! numb] ( resid5tial heirs prop]ties1 includ+-- 7,a7 by inc5tiviz+ ,/ates & o!r jurisdictions :i* enact or adopt ! ,uni=m ,p>tition ( ,heirs ,prop]ty ,act or simil> su* re=ms2 7,b7 by aw>d+ grants to ,/ates & o!r jurisdictions to assi/ resid5ts ( ^? ,/ates & jurisdictions to e/abli% & docum5t prop]ty own]%ip rights or settle a dec$5t's e/ate2 7,c7 by aw>d+ grants to entities t-- 7i7 provide h\s+ c\nsel+1 legal assi/ance1 & f9ancial assi/ance to home[n]s & _! heirs relat+ to title cle>+ & home ret5tion ef=ts ( heirs' prop]ty2 & 7ii7 t>get s]vices to l[- & mod]ate-income p]sons or provide s]vices 9 neighborhoods t h a high conc5tration ( l[- & mod]ate-income p]sons2 & 7,d7 by conduct+ o!r activities t assi/ individuals to cle> title ) respect to heirs' prop]ty & ) g5]al e/ate plann+4 ,,ix ,home[n]%ip = ,ma9 ,/reet ,am]ica #ija4 ,homes are = p1 n corporations 7a7 ,def9itions ,9 ?is section3 7#a7 ,consum] report+ ag5cy ,! t]m consum] report+ ag5cy has ! mean+ giv5 ! t]m 9 section #fjc ( ! ,fair ,cr$it ,report+ ,act 7#ae ,u4,s4,c4 #afha;a774 7#b7 ,except$ pur*ase ,! t]m except$ pur*ase means any pur*ase ( a s+le-family home t is-- 7,a7 newly con/ruct$1 r5ovat$1 or a r5tal conv]sion = sale by a l>ge in/itutional inve/or & n z a resid5ce r5t$ p5d+ sale2 7,b7 pursuant to a build-to-r5t program :]e ! l>ge in/itutional inve/or pur*ases newly con/ruct$ s+le-family homes to be manag$ z r5tal prop]ties1 :e!r z communities exclusively ( r5t]-occupi$ s+le-family homes or z communities ( s+le-family homes t are bo? own]- & r5t]-occupi$2 7,c7 pursuant to a r5ovate-to-r5t program t-- 7i7 sub/antially rehabilitates s+le-family homes t d n meet /ructural or core sy/em elem5ts ( local build+ codes2 & 7ii7 makes improvem5ts 9 an aggregate doll> am\nt ( n less ?an #ae p]c5t ( ! pur*ase price ( ! s+le-family home2 7,d7 pursuant to a home[n]%ip program t-- 7i7 requires r5tal paym5ts & any o!r fees t are n great] ?an ^? collect$ by ! l>ge in/itutional inve/or on o!r simil>ly situat$ s+le-family homes n cov]$ by ! eligible home[n]%ip program2 7ii7 is subject to a contract betwe5 ! l>ge in/itutional inve/or & r5t] t %all be consid]$ a consum] cr$it transaction secur$ by a dwell+ or real prop]ty2 7iii7 provides = positive report+ ( r5tal paym5ts to consum] report+ ag5cies = any r5t]1 :o %all be in=m$ ( & opts into su* report+2 & 7iv7 requires contribution ( mean+ful f9ancial support f ! l>ge in/itutional inve/or1 includ+ price concessions1 = ! pur*ase ( ! s+le-family home by ! r5t]2 7,e7 pursuant to a program to boo/ home[n]%ip t-- 7i7 provides = positive report+ ( r5tal paym5ts to consum] report+ ag5cies = any r5t]1 :o %all be in=m$ ( & opts into su* report+2 7ii7 provides = ! "r ( fir/ refusal & a #cj-;day fir/ look p]iod2 & 7iii7 may entail ! mean+ful f9ancial support f ! l>ge in/itutional inve/or1 includ+ price concessions1 = ! pur*ase ( a s+le-family home by ! r5t] 7:e!r x is ! home ! r5t] occupies or ano!r home72 7,f7 9 connection ) ! satisfaction ( debts previ\sly contract$ 9 good fai? & :]e ! l>ge in/itutional inve/or has ! "r to repossess ! s+le-family home "u su* contract2 7,g7 und]tak5 by a mortgage s]vic]1 l5d]1 or o!r entity t has a legal "r to a s+le-family home1 = ! purpose ( loss mitigation or compliance ) s]vic+ or inve/or obligations1 & n z a long-t]m inve/m5t /rategy1 & is solely z a result (-- 7i7 a =eclosure2 7ii7 a de$-9-lieu ( =eclosure2 7iii7 en=cem5t ( a mortgage1 de$ ( tru/1 or o!r security int]e/2 or 7iv7 op]ation ( law foll[+ borr[] default2 7,h7 pur*as$ f ano!r l>ge in/itutional inve/or t ei!r own$ ! s+le-family home on ! date ( enactm5t ( ?is ,act or pur*as$ ! s+le-family home 9 compliance ) ?is section2 7,i7 pur*as$ f an inve/or n cov]$ "u ?is section1 s long z ! pur*ase occurr$ n m ?an #b ye>s aft] ! effective date "u subsection 7f72 7,j7 newly con/ruct$1 r5ovat$1 or a r5tal conv]sion t is int5d$ & op]at$ = occupancy z "p ( a community = h\seholds ) #a or m memb]s ag$ #ee ye>s or old]1 & satisfies visitability /&>ds e/abli%$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t2 or 7,k7 pur*as$ ?r\gh a s+le pur*ase or comb9ation or s]ies ( pur*ases describ$ 9 subp>agraphs 7,a7 ?r\gh 7,j74 7#c7 ,s+le-family home ,! t]m s+le-family home-- 7,a7 means a /ructure t conta9s #b or few] dwell+ units t are ea* int5d$ = resid5tial occupancy by a s+le h\sehold2 & 7,b7 does n include a manufactur$ home1 z def9$ 9 section #fjc ( ! ,national ,manufactur$ ,h\s+ ,con/ruction & ,safety ,/&>ds ,act ( #aigd 7#db ,u4,s4,c4 #edjb74 7#d7 ,l>ge in/itutional inve/or 7,a7 ,9 g5]al ,! t]m l>ge in/itutional inve/or-- 7i7 means an inve/m5t fund1 corporation1 g5]al or limit$ p>tn]%ip1 limit$ liability company1 jo9t v5ture1 association1 or o!r =-pr(it entity t is a legal entity /ructur$ 9 a mann] t is n a=em5tion$ t-- 7,i7 is engag$1 9 :ole or 9 "p1 9 ! bus9ess ( inve/+ 91 own+1 r5t+1 manag+1 or hold+ s+le-family homes2 & 7,,ii7 alone or 9 conc]t ) #a or m o!r entities1 beg9n+ aft] ! date ( enactm5t ( ?is ,act1 directly or indirectly has inve/m5t control ( n less ?an #cej s+le-family homes 9 ! aggregate1 n includ+ any s+le-family home pur*as$ 9 an except$ pur*ase made aft] ! date ( enactm5t ( ?is ,act2 & 7ii7 does n include any local1 ,/ate1 ,tribal1 or ,f$]al gov]nm5t entity or in/rum5tality !re(4 7,b7 ,rule ( con/ruction ,= purposes ( ?is p>agraph1 an entity has direct or indirect inve/m5t control ov] a s+le-family home if ! entity-- 7i7 owns1 or has prim>y au?ority or fiduci>y responsibility to make mat]ial inve/m5t or managem5t decisions relat+ to1 ! s+le-family home2 7ii7 is1 or directly or indirectly controls1 ! g5]al p>tn] or manag+ memb] ( ! entity t owns ! s+le-family home2 7iii7 is or controls ! inve/m5t manag]1 managem5t company1 or inve/m5t advisor ( ! entity t owns ! s+le-family home2 7iv7 owns or controls m ?an #be p]c5t ( any class ( equity int]e/s ( ! entity t owns ! s+le-family home1 unless su* entity is a passive inve/or2 or 7v7 o!rwise controls ! entity t owns ! s+le-family home4 7#e7 ,pur*ase ,! t]m pur*ase includes any pur*ase1 transf]1 or o!r acquisition ( a s+le family home1 includ+ ?r\gh m]g]s1 acquisitions1 con/ruction1 =eclosures1 or bulk pur*ases1 :e!r or n = ca% consid]ation4 7b7 ,prohibition on pur*ases by l>ge in/itutional inve/ors 7#a7 ,9 g5]al ,no l>ge in/itutional inve/or may pur*ase1 or ent] into a contract to directly or indirectly pur*ase1 any s+le-family home4 7#b7 ,exceptions ,! prohibition "u p>agraph 7#a7 %all n apply to-- 7,a7 any except$ pur*ase2 or 7,b7 any pur*ase ( a s+le-family home 9 connection ) a re/ructur+ or o!r reorganization ( own]%ip ( s+le-family homes t 7 own$ or pur*as$ on or be=e ! date ( enactm5t ( ?is ,act4 7#c7 ,rule ( con/ruction ,no?+ 9 ?is section may be con/ru$ to-- 7,a7 require any l>ge in/itutional inve/or to dive/ or o!rwise sell any s+le-family home pur*as$ be=e ! date ( enactm5t ( ?is ,act2 or 7,b7 prev5t ! fil+ ( a petition1 or o!rwise affect any bankruptcy proce$+1 "u title #aa1 ,unit$ ,/ates ,code4 7#d7 ,implem5tation 7,a7 ,9 g5]al ,9 consultation ) ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,director ( ,f$]al ,h\s+ ,f9ance ,ag5cy1 & ! ,*air ( ! ,securities & ,ex*ange ,commission1 ! ,secret>y ( ! ,treasury may issue regulations 9 accordance ) ! notice & comm5t rulemak+ proc$ures "u section #eec ( title #e1 ,unit$ ,/ates ,code1 to c>ry out ! purposes ( ?is section1 includ+ regulations to-- 7i7 m9imize m>ket disruptions ^u id5tify+ a risk ( mat]ial negative impact on ! h\s+ m>ket1 includ+ an impact on ! ability ( m>ket p>ticipants to dispose ( s+le-family homes 9 an ord]ly fa%ion2 7ii7 mitigate1 to ! ext5t possible1 negative impacts on consum]s & communities2 & 7iii7 fur!r cl>ify ! application ( ! t]ms l>ge in/itutional inve/or1 s+le-family home1 & except$ pur*ase1 if ! ,secret>y ( ! ,treasury det]m9es t su* regulations w advance ! availability ( s+le-family homes = pur*ase by individual h\seholds4 7,b7 ,rule ( con/ruction ,= ! avoidance ( d\bt1 no regulation issu$ "u subp>agraph 7,a7 may am5d ! def9itions ( ! t]ms def9$ "u subsection 7a71 includ+ to-- 7i7 alt] ! scope ( except$ pur*ases 9 a mann] t w\ld und]m9e ! goal ( exp&+ ! numb] ( s+le-family homes available to individual h\seholds = pur*ase2 7ii7 alt] any type ( except$ pur*ase 9 a mann] t w\ld und]m9e ! goal ( exp&+ ! numb] ( s+le-family homes available to individual h\seholds = pur*ase2 7iii7 add any category ( l>ge in/itutional inve/or z an eligible class if n det]m9$ by ?is section2 or 7iv7 alt] ! quantitative ?re%old 9 ! def9ition ( l>ge in/itutional inve/or4 7c7 ,disposal ( homes "u except$ pur*ases 7#a7 ,requirem5t to dispose 7,a7 ,9 g5]al ,) respect to ! pur*ase by a l>ge in/itutional inve/or ( a s+le-family home describ$ 9 subp>agraph 7,a71 7,b71 or 7,c7 ( subsection 7a77#b71 or ) respect to ! pur*ase by a l>ge in/itutional inve/or ( a s+le-family home describ$ 9 subp>agraph 7,j7 ( subsection 7a77#b7 t ceases to meet ! requirem5ts ( su* subp>agraph1 ! l>ge in/itutional inve/or %all dispose ( ! s+le-family home to an individual homebuy] n lat] ?an #g ye>s aft] ! date ( pur*ase4 7,b7 ,subsequ5t pur*ase ,= ! avoidance ( d\bt1 any pur*ase ( a s+le-family home describ$ 9 subp>agraph 7,a71 7,b71 7,c71 or 7,j7 ( subsection 7a77#b7 %all rema9 subject to ! t]ms ( ?is section not)/&+ a subsequ5t pur*ase by a l>ge in/itutional inve/or pursuant to ano!r subp>agraph ( subsection 7a77#b74 7#b7 ,application 7,a7 ,p>agraph 7#a7 %all n apply 9 ! case ( any l>ge in/itutional inve/or :i* is a real e/ate inve/m5t tru/ if ! disposal ( su* prop]ty w\ld be a prohibit$ transaction t w\ld lead to a #ajj p]c5t tax "u ! /atute gov]n+ su* types ( entities4 7,b7 ,9 ! case ( a l>ge in/itutional inve/or t has an active leas+ contract ) ! r5t] ( a s+le-family home describ$ 9 p>agraph 7#a7 t w5t into effect n lat] ?an #f mon?s be=e ! date ( disposal "u t p>agraph1 no?+ 9 t p>agraph %all be con/ru$ to require ! l>ge in/itutional inve/or to dispose ( ! s+le-family home subject to ?is subsection until ! date on :i* su* contract expires4 7#c7 ,requirem5ts = disposal 7,a7 ,r5t] accommodations ,9 ! case ( a r5t] describ$ 9 p>agraph 7#b77;,b7-- 7i7 ! l>ge in/itutional inve/or may provide ! r5t] ) ! option to r5ew ! active leas+ contract 9 su* subsection1 except t ! aggregate leas+ p]iod ( r5ewals %all n exce$ #cf consecutive mon?s2 7ii7 ! l>ge in/itutional inve/or %all confirm :e!r ! r5t] opts to r5ew ! leas+ contract1 )9 ! limitations ( clause 7i71 ?r\gh a writt5 atte/ation2 & 7iii7 ! l>ge in/itutional inve/or %all adv]tise ! home pursuant to subp>agraph 7,c7 beg9n+ on ! e>li] (-- 7,i7 ! date on :i* ! r5t] decl9es to r5ew ! leas+ contract2 or 7,,ii7 ! date on :i* ! leas+ contract expires4 7,b7 ,r5t] option to pur*ase ,be=e ! l>ge in/itutional inve/or disposes ( a s+le-family home describ$ 9 p>agraph 7#a71 ! r5t] ( ! s+le-family home describ$ 9 p>agraph 7#b77;,b7 %all h ! "r ( fir/ refusal & a #cj-;day fir/ look p]iod to pur*ase ! s+le-family home4 7,c7 ,adv]tisem5t ( prop]ty 7i7 ,9 g5]al ,on ! date t a r5t] describ$ 9 p>agraph 7#b77;,b7 decl9es to r5ew an active leas+ contract ) a l>ge in/itutional inve/or "u subp>agraph 7,a71 or decl9es a s+le-family home "u subp>agraph 7,b71 ! s+le-family home %all be-- 7,i7 widely adv]tis$ & free to access1 & li/$ 9 publications1 :i* may include int]net plat=ms or a national ,multiple ,li/+ ,s]vice1 by ! l>ge in/itutional inve/or2 & 7,,ii7 made broadly accessible to individual homebuy]s & ! g5]al public1 includ+ any lic5s$ real e/ate ag5ts repres5t+ pot5tial buy]s4 7ii7 ,compliance ,if a s+le-family home describ$ 9 p>agraph 7#a7 is n pur*as$1 or no (f] to pur*ase is made1 by an individual homebuy] )9 #fj days ( ! date on :i* ! s+le-family home is adv]tis$ "u clause 7i71 ! l>ge in/itutional inve/or %all be consid]$ to be 9 compliance ) ! disposal requirem5ts "u p>agraph 7#a74 7,d7 ,rule ( con/ruction ,no?+ 9 ?is p>agraph %all be con/ru$ to require a r5t] to r5ew a lease or to affect ,/ate or local t5ant-l&lord laws reg>d+ requirem5ts relat$ to lease r5ewal processes or leas+ p]iods4 7d7 ,en=cem5t 7#a7 ,civil p5alties ,any l>ge in/itutional inve/or t violates subsection 7b7 or p>agraph 7#a7 or 7#b77;,b7 ( subsection 7c7 %all be subject to a civil p5alty ( n m ?an #a1jjj1jjj p] violation1 or #c times ! pur*ase price ( ! prop]ty involv$1 :i*ev] is great]1 en=c$ by ! ,secret>y ( ! ,treasury4 7#b7 ,transf] to ,,hud = home[n]%ip expansion activities ,= fiscal ye> #bjbg & ea* fiscal ye> !reaft]1 to ! ext5t & 9 ! am\nts provid$ 9 advance 9 appropriations ,acts1 civil p5alties assess$ "u ?is section %all be transf]r$ to & available to ! ,secret>y ( ,h\s+ & ,urban ,developm5t to provide additional fund+ = ! ,,home ,inve/m5t ,p>tn]%ips program "u subtitle ,a ( title ,,ii ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act 7#db ,u4,s4,c4 #abgda et seq471 to be allocat$ 9 accordance ) ! =mula "u t program1 = new con/ruction1 acquisition1 & rehabilitation ( s+le-family homes & to provide assi/ance grants to fir/-"t homebuy]s1 :i* may be = d[npaym5ts1 clos+ co/s1 & int]e/ rate buyd[ns4 7e7 ,/udies on l>ge in/itutional inve/ors 7#a7 ,,gao report ,n lat] ?an #b ye>s aft] ! date on :i* ! prohibition "u subsection 7b77#a7 takes effect1 & aga9 n lat] ?an #aj ye>s aft] t date1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ! ,s5ate ,committee on ,bank+1 ,h\s+ & ,urban ,affairs & ! ,h\se ,committee on ,f9ancial ,s]vices a report on-- 7,a7 ! impact ( ! own]%ip by l>ge in/itutional inve/ors ( s+le-family homes on h\s+ availability & af=dability = r5t]s & homebuy]s2 & 7,b7 ! effectiv5ess ( ?is section 9 r$uc+ dem& by l>ge in/itutional inve/ors = s+le-family homes & exp&+ home[n]%ip = r5t]s & homebuy]s4 7#b7 ,,hud report ,n lat] ?an #b ye>s aft] ! date on :i* ! prohibition "u subsection 7b77#a7 takes effect1 & aga9 n lat] ?an #aj ye>s aft] t date1 ! ,secret>y ( ! ,h\s+ & ,urban ,developm5t1 9 consultation ) ! ,secret>y ( ! ,treasury1 ! ,adm9i/rator ( ! ,rural ,h\s+ ,s]vice1 ! ,executive ,director ( ! ,loan ,gu>anty ,s]vice ( ! ,dep>tm5t ( ,vet]ans ,affairs1 ! ,*air ( ,securities & ,ex*ange ,commission1 & ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 %all submit to ! ,committee on ,bank+1 ,h\s+ & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report on-- 7,a7 :e!r !re %\ld be adju/m5ts to ! def9ition ( ! t]m l>ge in/itutional inve/or2 7,b7 ! f9ancial impact ( ?is section on l>ge in/itutional inve/ors1 r5t]s1 & homebuy]s2 & 7,c7 any legislative recomm5dations reg>d+ ways to improve ! au?orities provid$ "u ?is section to increase ! supply & af=dability ( s+le-family homes = pur*ase by individual homebuy]s4 7#c7 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7,a7 ?is section is int5d$ to exp& ! numb] ( s+le-family homes available to individuals = pur*ase & is aim$ at pres]v+ & exp&+ ! supply ( s+le-family homes available to individuals2 & 7,b7 any fur!r /udy on ! effectiv5ess ( ?is section & any legislative recomm5dations !refrom %\ld consid] ?is s5se ( ,congress4 7f7 ,effective date ,! requirem5ts & prohibitions "u subsections 7b71 7c71 & 7d7 ( ?is section-- 7#a7 %all take effect on ! date t is #ahj days aft] ! date ( enactm5t ( ?is ,act2 & 7#b7 are repeal$ on ! date t is #ae ye>s aft] ! effective date "u p>agraph 7#a74 ,x ,c5tral bank digital curr5cy #ajja4 ,c5tral bank digital curr5cy ,! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #bba et seq47 is am5d$ by ins]t+ aft] section #af 7#ab ,u4,s4,c4 #daa et seq47 ! foll[+3 #af;,a4 ,c5tral bank digital curr5cy 7a7 ,def9itions ,9 ?is section3 7#a7 ,c5tral bank digital curr5cy ,! t]m c5tral bank digital curr5cy means a digital asset t-- 7,a7 is d5om9at$ 9 ,unit$ ,/ates doll>s2 7,b7 is a ,unit$ ,/ates curr5cy2 7,c7 is a direct liability ( ! ,f$]al ,res]ve ,sy/em2 & 7,d7 is widely available to ! g5]al public4 7#b7 ,digital asset ,! t]m digital asset has ! mean+ giv5 ! t]m 9 section #b ( ! ,,g5ius ,act 7#ab ,u4,s4,c4 #eija74 7b7 ,prohibition ,except z provid$ 9 subsection 7c71 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em or a ,f$]al res]ve bank may n issue or create a c5tral bank digital curr5cy or any digital asset t is sub/antially simil> to a c5tral bank digital curr5cy directly or indirectly ?r\gh a f9ancial in/itution or o!r int]m$i>y4 7c7 ,exception ,subsection 7b7 %all n prohibit any doll>-d5om9at$ curr5cy t is op51 p]missionless1 & private1 & fully pres]ves ! privacy protections ( ,unit$ ,/ates co9s & physical curr5cy4 7d7 ,sunset ,?is provisions ( ?is section %all cease to be effective on ,decemb] #ca1 #bjcj4 4 ,,xi ,miscellane\s #aaja4 ,sev]ability ,if any provision ( ?is ,act1 or ! application !re( to any p]son or circum/ance1 is held invalid1 ! rema9d] ( ! ,act1 & ! application ( su* provisions to o!r p]sons or circum/ances1 %all n be affect$ !reby4 #aajb4 ,no additional funds au?oriz$ ,no additional funds are au?oriz$ to be appropriat$ to c>ry out ! requirem5ts ( ?is ,act or any am5dm5t made by ?is ,act4 ,secret>y