,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gbdc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #bg1 #bjbf,ms4
 ,bynum 7= h]self & ,mr4 ,pappas7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to require ! ,secret>y ( ,h\s+ 
& ,urban ,developm5t to e/abli% a grant 
program to provide am\nts to develop]s  
to (fset ! ,/ate & local taxes associat$
 ) ! build+ ( h\s+ developm5ts1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,support+ ,projects to     
,unlea% ,resid5tial ,h\s+ ,act or !     
,,spur ,h\s+ ,act4  #b4 ,grant program  
7a7 ,9 g5]al ,! ,secret>y ( ,h\s+ &     
,urban ,developm5t %all1 n lat] ?an #ij 
days aft] ! date ( ! enactm5t ( ?is ,act
 e/abli% a grant program to provide     
am\nts to develop]s t su* develop]s may 
use to (fset co/s su* develop] accrues  
associat$ )-- 7#a7 ,/ate & local taxes  
associat$ ) ! build+ ( h\s+ developm5ts2
 &  7#b7 impact fees impos$ by ,/ates & 
units ( local gov]nm5t 9 association ) !

 build+ ( h\s+ developm5ts4  7b7        
,application ,to be eligible to receive 
am\nts "u ?is section an develop] %all  
submit an application to ! ,secret>y at 
su* "t & 9 su* mann] z ! ,secret>y may  
reasonably require4  7c7 ,additional    
eligibility requirem5ts ,to be eligible 
to receive am\nts "u ?is section1 an    
develop] %all h-- 7#a7 all approvals    
requir$ f ! ,/ate gov]nm5t & ea* unit ( 
local gov]nm5t ) jurisdiction ov] ! area
 9 :i* develop] int5ds to build a h\s+  
developm5t2 &  7#b7 commitm5ts f ! ,/ate
 gov]nm5t & ea* unit ( local gov]nm5t ) 
jurisdiction ov] ! area 9 :i* develop]  
int5ds to build a h\s+ developm5t t !   
,/ate gov]nm5t & ea* unit ( local       
gov]nm5t %all r$uce ! prop]ty taxes     
associat$ ) ! h\s+ developm5ts to be    
built by ! develop] by n less ?an #ej   
p]c5t4  7d7 ,selection ,:5 select+      
develop]s to receive am\nts "u ?is      
section ! ,secret>y %all prioritize giv+
 grants to develop]s :o are build+ h\s+ 
developm5ts t1 z det]m9$ by !           

,secret>y-- 7#a7 w increase ! am\nt (   
af=dable h\s+2  7#b7 are feasible2  7#c7
 are able to beg9 build+ )9 #a ye> ( !  
date on :i* ! eligible develop] submitt$
 an application2  7#d7 are to be locat$ 
9 a priority h\s+ area1 z id5tifi$ by ! 
,secret>y us+ h\s+ m>ket indicators & ! 
sev]e h\s+ co/ burd5 data f ! ,am]ican  
,community ,survey conduct$ by ! ,bureau
 ( ! ,c5sus2  7#e7 t w (f] af=dable or  
mix$-income h\s+ units2  7#f7 are       
transit-ori5t$ developm5ts or locat$ ne>
 employm5t hubs2  7#g7 w utilize infill 
sites )9 urban gr[? b\nd>ies2  7#h7 w   
t>get work=ce h\s+ ne$s2  7#i7 w include
 s5ior-fri5dly units & accessible units2
  7#aj7 w employ adaptive reuse or      
rehabilitation ( exi/+ /ructures2 &     
7#aa7 w include supportive h\s+ elem5ts 
= vuln]able populations4  7e7 ,am\nt (  
grant ,! ,secret>y %all provide1 ea*    
ye>1 to ea* develop] to :om ! ,secret>y 
selects to receive a grant "u ?is       
section1 a grant 9 an am\nt equal to !  
less] (-- 7#a7 #ej p]c5t ( ! total am\nt

 ( ! taxes & impact fees to be impos$ on
 ! develop] by ! ,/ate gov]nm5t & ea*   
unit ( local gov]nm5t ) jurisdiction ov]
 ! area 9 :i* develop] int5ds to build a
 h\s+ developm5t 9 association ) !      
build+ su* h\s+ developm5t2 or  7#b7    
#aej1jjj4  7f7 ,t]m ( grant ,! ,secret>y
 %all provide grants to ea* develop]    
select$ to receive a grant "u ?is       
section = #e ye>s1 unless su* develop]  
does n h ! commitm5ts f ! ,/ate gov]nm5t
 & units ( local gov]nm5t t are requir$ 
"u subsection 7c7 = ea* ( ^? #e ye>s4   
7g7 ,au?orization ( appropriations ,!re 
is au?oriz$ to be appropriat$ to !      
,secret>y #cjj1jjj1jjj 9 ea* ( fiscal   
ye>s #bjbg ?r\gh fiscal #bjca to c>ry   
out ?is section4  7h7 ,def9itions ,9 ?is
 section3 7#a7 ,impact fee ,! t]m impact
 fee means a *>ge impos$ by a local     
gov]nm5t on a new h\s+ developm5t to    
help pay = public infra/ructure &       
s]vices ne$$ because ( su* h\s+         
developm5t4  7#b7 ,develop] ,! t]m      
develop] means a p]son t plans1 f9ances1

 & ov]sees ! creation or r$evelopm5t (  
real e/ate or infra/ructure projects1 f 
initial concept ?r\gh completion4  7#c7 
,h\s+ developm5t ,! t]m h\s+ developm5t 
means a project involv+ ! build+ or     
rehabilitation ( #e or m or m resid5tial
 h\s+ units & includes mix$-use h\s+    
developm5ts4  7#d7 ,secret>y ,! t]m     
,secret>y means ! ,secret>y ( ,h\s+ &   
,urban ,developm5t4