,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #hia  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ca1 #bjbe,mr4
 ,ryan introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,f9ancial     
,s]vices1 & 9 addition to ! ,committee  
on ,transportation & ,infra/ructure1 = a
 p]iod to be subsequ5tly det]m9$ by !   
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
direct ! ,secret>y ( ,h\s+ & ,urban     
,developm5t & ! ,adm9i/rator ( ! ,g5]al 
,s]vices ,adm9i/ration to e/abli%       
programs = ! developm5t ( af=dable h\s+1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,pro-,h\s+ ,act ( 
#bjbe4  #b4 ,local h\s+ policy grant &  
loan pilot program  7a7 ,plann+ grants  
,beg9n+ n lat] ?an #abj days aft] ! date
 ( ! enactm5t ( ?is section1 ! ,secret>y
 %all aw>d grants on a competitive basis
 to eligible entities = ! purpose (     
develop+ & evaluat+ h\s+ policy plans4  
7b7 ,implem5tation grants ,beg9n+ n lat]

 ?an #abj days aft] ! date ( ! enactm5t 
( ?is section1 ! ,secret>y %all aw>d    
grants on a competitive basis to        
eligible entities = ! purpose (         
implem5t+ h\s+ policy plans4  7c7       
,direct loans  7#a7 ,9 g5]al ,beg9n+ n  
lat] ?an #abj days aft] ! date ( !      
enactm5t ( ?is section1 ! ,secret>y %all
 provide direct loans to eligible       
entities = ! purpose ( implem5t+ h\s+   
policy plans4  7#b7 ,t]ms & limitations 
7,a7 ,9 g5]al ,a direct loan provid$ "u 
?is section %all be subject to su* t]ms 
& conditions z ! ,secret>y det]m9es     
appropriate4  7,b7 ,int]e/ rate ,!      
int]e/ rate on a direct loan provid$ "u 
?is section %all be less ?an ! yield on 
,unit$ ,/ates ,treasury obligations ( a 
simil> maturity to ! maturity ( ! direct
 loan on ! date ( execution ( ! loan    
agreem5t1 at a rate det]m9$ by !        
,secret>y1 = ! purpose ( provid+ l[-co/ 
cr$it to eligible entities4  7d7 ,rural 
& exurban area m9imum ,! ,secret>y %all 
provide n less ?an #bj p]c5t ( ! am\nts 

aw>d$ or loan$ "u ?is section to        
eligible entities t plan to use !m to   
assi/ an area t is rural or exurban1 z  
det]m9$ by ! ,secret>y 9 consultation ! 
,director ( ! ,unit$ ,/ates ,c5sus      
,bureau4  7e7 ,applications  7#a7 ,9    
g5]al ,an eligible entity seek+ a plann+
 grant1 implem5tation grant1 or direct  
loan provid$ "u ?is section %all submit 
to ! ,secret>y an application at su* "t1
 9 su* mann]1 & conta9+ su* in=mation z 
! ,secret>y may require4  7#b7 ,priority
 ,9 aw>d+ a plann+ grant1 implem5tation 
grant1 or direct loan provid$ "u ?is    
section1 ! ,secret>y %all give priority 
to eligible entities t-- 7,a7 h develop$
 or are likely to develop a h\s+ policy 
plan t w--  7i7 improve h\s+ supply1    
af=dability1 & accessibility = all      
individuals ( e race & income level2    
7ii7 r$uce b>ri]s to af=dable h\s+      
developm5t2 &  7iii7 avoid ! displacem5t
 ( resid5ts by new h\s+ developm5ts 9 ! 
area "u ! jurisdiction ( ! eligible     
entity2  7,b7 9 develop+ or implem5t+ a 

h\s+ policy plan1 int5d to lev]age &    
effici5tly use am\nts f--  7i7 ano!r    
,f$]al1 ,/ate1 or local assi/ance       
program relat+ to h\s+2 or  7ii7 a      
private fund+ s\rce2  7,c7 int5d to--   
7i7 increase ! supply & af=dability (   
h\s+ t is locat$--  7,i7 ne> local      
transit options2 &  7,,ii7 9 areas 9 :i*
 a significant or exp&+ supply ( jobs or
 dem& = employm5t is conc5trat$2  7ii7  
coord9ate ) local transportation &      
work=ce ag5cies 9 accompli%+ ! increase 
describ$ 9 clause 7i72  7iii7 lev]age   
exi/+ infra/ructure by rehabilitat+ or  
conv]t+ exi/+ prop]ties :5 develop+ or  
implem5t+ a h\s+ policy plan2 &  7iv7   
:]e appropriate1 coord9ate policy       
developm5t =1 & analysis & implem5tation
 (1 ! h\s+ policy plan ( ! eligible     
entity at a regional scale to a*ieve a m
 equitable di/ribution ( af=dable h\s+  
across jurisdictional b\nd>ies2 or  7,d7
 are a coalition ( ,/ates or political  
subdivisions ( ,/ates4  7#c7 ,scor+ ,!  
,secret>y %all base ! degree ( priority 

giv5 to an eligible entity t satisfies  
#a or m subp>agraphs "u p>agraph 7#b7 on
 a scor+ sy/em e/abli%$ by ! ,secret>y4 
7f7 ,mat*+ requirem5t = grants  7#a7 ,9 
g5]al ,an eligible entity t receives a  
plann+ grant or implem5tation grant %all
 contribute non-,f$]al am\nts = develop+
 or implem5t+ a h\s+ policy plan f9anc$ 
us+ am\nts provid$ 9 su* grant 9 !      
foll[+ am\nts3  7,a7 ,if ! area "u !    
jurisdiction ( an eligible entity has a 
population ( #ae1jjj or few]1 ! eligible
 entity %all provide non-,f$]al         
contributions 9 an am\nt equal to #ae   
p]c5t ( ! am\nt ( ! grant4  7,b7 ,if !  
area "u ! jurisdiction ( an eligible    
entity has a population betwe5 #ae1jja &
 #cj1jjj1 ! eligible entity %all provide
 non-,f$]al contributions 9 an am\nt    
equal to #be p]c5t ( ! am\nt ( ! grant4 
7,c7 ,if ! area "u ! jurisdiction ( an  
eligible entity has a population betwe5 
#cj1jja & #dj1jjj1 ! eligible entity    
%all provide non-,f$]al contributions 9 
an am\nt equal to #ce p]c5t ( ! am\nt ( 

! grant4  7,d7 ,if ! area "u !          
jurisdiction ( an eligible entity has a 
population betwe5 #dj1jja & #gj1jjj1 !  
eligible entity %all provide non-,f$]al 
contributions 9 an am\nt equal to #de   
p]c5t ( ! am\nt ( ! grant4  7,e7 ,if !  
area "u ! jurisdiction ( an eligible    
entity has a population ( #gj1jja or m1 
! eligible entity %all provide          
non-,f$]al contributions 9 an am\nt     
equal to #de p]c5t ( ! am\nt ( ! grant4 
7#b7 ,eligible mat*+ am\nts ,if an      
eligible entity uses am\nts provid$ by !
 ,f$]al ,gov]nm5t n "u ?is section to   
develop or implem5t a h\s+ policy plan =
 :i* ! eligible entity also receives a  
grant "u ?is section1 any non-,f$]al    
contribution made by ! eligible entity z
 "p ( t ,f$]al assi/ance program %all be
 c\nt$ t[>ds ! requirem5ts "u p>agraph  
7#a74  7#c7 ,r$uc$ mat*+ requirem5t     
,bas$ on ! available res\rces ( an      
eligible entity1 ! ,secret>y may1 at !  
discretion ( ! ,secret>y1 r$uce ! am\nt 
( non-,f$]al contributions requir$ to be

 provid$ by ! eligible entity "u        
p>agraphs 7#a7 & 7#b74  7g7 ,use ( funds
  7#a7 ,9 g5]al ,an eligible entity t   
receives a plann+ grant1 implem5tation  
grant1 or direct loan provid$ "u ?is    
section %all use a portion ( ! am\nts f 
su* grant or loan to submit ! report    
requir$ "u subsection 7j77#a74  7#b7    
,plann+ grants ,an eligible entity t    
receives a plann+ grant %all use am\nts 
f su* grant to f9ance activities to     
develop & evaluate a h\s+ policy plan = 
! area "u ! jurisdiction ( ! eligible   
entity1 includ+-- 7,a7 quantify+ exi/+ &
 project$ h\s+ ne$s = h\seholds ( e     
income level1 includ+ extremely         
l[-income families1 z def9$ 9 section   
#c7;b7 ( ! ,unit$ ,/ates ,h\s+ ,act (   
#aicg 7#db ,u4,s4,c4 #adcg;a7b772  7,b7 
docum5t+ ! *>act]i/ics (-- 7i7 ! h\s+ 9 
! area2  7ii7 ! h\seholds ( ! area1     
includ+ co/-burd5$ h\seholds2 &  7iii7  
h\s+ und]production 9 ! area2  7,c7     
develop+ /rategies to increase ! h\s+   
supply & ! v>iety ( h\s+ types 9 ! area 

to satisfy ! h\s+ ne$s ( ! population ( 
! area2  7,d7 analyz+ population &      
employm5t tr5ds 9 ! area & docum5t+     
projections ( ^? tr5ds2  7,e7 consid]+  
/rategies to m9imize displacem5t (      
l[-income families1 z def9$ 9 section   
#c7;b7 ( ! ,unit$ ,/ates ,h\s+ ,act (   
#aicg 7#db ,u4,s4,c4 #adcg;a7b771 z a   
result ( r$evelopm5t 9 ! area2  7,f7    
provid+ = p>ticipation & input f        
community memb]s1 community gr\ps1 local
 build]s1 local realtors1 nonpr(it h\s+ 
advocates1 & local religi\s gr\ps2 &    
7,g7 creat+ a s*$ule ( programs &       
actions to implem5t ! recomm5dations ( !
 h\s+ policy plan1 includ+ a plan =     
adopt+ actions ?r\gh a local implem5t+  
ord9ance or ano!r regulatory process1   
su* z a l& use plan or a compreh5sive   
plan4  7h7 ,h\s+ policy plan guidance   
7#a7 ,9 g5]al ,n lat] ?an #ij days aft] 
! date ( ! enactm5t ( ?is section1 !    
,secret>y %all issue guidance t includes
 recomm5d$ policies1 /rategies1 & re=ms 
= eligible entities to adopt 9 h\s+     

policy plans to--  7,a7 improve !       
ela/icity ( h\s+ supply2  7,b7 exp& !   
supply & af=dability ( h\s+2  7,c7 r$uce
 b>ri]s to h\s+ developm5t2 &  7,d7     
mean+fully r$uce h\s+ segregation by    
income & race4  7#b7 ,policies ,!       
guidance issu$ "u p>agraph 7#a7 %all    
include recomm5dations = policies1      
/rategies1 & re=ms to-- 7,a7 enc\rage & 
support ! repurpos+ ( l& or /ructures = 
h\s+ developm5t2  7,b7 all[ = a great]  
v>iety ( h\s+ types2  7,c7 revise l& use
 policies to all[ = ! developm5t ( m    
h\s+2  7,d7 /reaml9e approval processes 
= h\s+ developm5t2  7,e7 provide        
f9ancial inc5tives to support af=dable  
h\s+ developm5t2 &  7,f7 support        
inclusive engagem5t ) community memb]s  
relat+ to re=ms to exp& h\s+ supply4    
7#c7 ,areas ,! guidance issu$ "u        
p>agraph 7#a7 %all include              
recomm5dations = policies1 /rategies1 & 
re=ms = urban1 suburban1 exurban1 &     
rural areas4  7i7 ,le>n+ network  7#a7  
,9 g5]al ,n lat] ?an #a ye> aft] ! date 

on :i* ! ,secret>y aw>ds ! fir/ plann+  
grant1 implem5tation grant1 or direct   
loan provid$ "u ?is section1 ! ,secret>y
 %all e/abli% a le>n+ network to-- 7,a7 
facilitate problem solv+ relat+ to !    
developm5t & implem5tation ( h\s+ policy
 plans2 &  7,b7 dissem9ate be/ practices
 & effective /rategies & policies to    
improve local h\s+ supply & af=dability4
  7#b7 ,accessibility ,! le>n+ network  
e/abli%$ "u p>agraph 7#a7 %all be       
accessible to--  7,a7 eligible entities 
t receive a grant or loan "u ?is        
section2 &  7,b7 eligible entities t    
submit an application "u subsection 7e74
  7j7 ,reports & /udy  7#a7 ,grant &    
loan recipi5t reports ,n lat] ?an #ahj  
days aft] ! date on :i* an eligible     
entity receives a plann+ grant1         
implem5tation grant1 or direct loan     
provid$ "u ?is section1 & n less        
frequ5tly ?an qu>t]ly !reaft] = a #c-ye>
 p]iod1 ! eligible entity %all submit to
 ! ,secret>y a report t includes-- 7,a7 
a description ( ! exp5ditures ! eligible

 entity has made ) am\nts f su* grant or
 loan2  7,b7 = an eligible entity       
receiv+ a plann+ grant1 a summ>y ( !    
progress ( ! eligibility entity t[>ds   
f9aliz+ a h\s+ policy plan2 &  7,c7 = an
 eligible entity receiv+ an             
implem5tation grant1 data relat+ to !   
success ( ! implem5tation ( ! h\s+      
policy plan ( ! eligible entity4  7#b7  
,secret>y /udy & report  7,a7 ,9 g5]al  
,n lat] ?an #e ye>s aft] ! date ( !     
enactm5t ( ?is section1 ! ,secret>y %all
 conduct a /udy ) respect to-- 7i7 !    
impact ( implem5tation grants1 plann+   
grants1 & direct loans provid$ "u ?is   
section on ! areas "u ! jurisdiction (  
eligible entities receiv+ ^? grants or  
loans2 &  7ii7 successful /rategies f   
h\s+ policy plans t 7 impactful 9-- 7,i7
 exp&+ ! h\s+ supply2 &  7,,ii7 increas+
 ! quantity ( quality & af=dable h\s+   
:ile avoid+ ! displacem5t ( ! resid5ts (
 an area4  7,b7 ,report ,n lat] ?an #a  
ye> aft] ! date on :i* ! ,secret>y      
completes ! /udy requir$ "u subp>agraph 

7,a71 ! ,secret>y %all submit to !      
appropriate committees ( ! ,congress a  
report on ! /udy4  7k7 ,appropriations  
7#a7 ,9 g5]al ,!re are au?oriz$ to be   
appropriat$ to ! ,secret>y #bjj1jjj1jjj 
= ea* ( fiscal ye>s #bjbf ?r\gh #bjca to
 c>ry out ?is section4  7#b7 ,co/s (    
direct loans ,! ,secret>y may use any   
am\nts made available "u p>agraph 7#a7  
to pay ! co/s ( provid+ direct loans "u 
?is section4  7l7 ,def9itions ,9 ?is    
section3 7#a7 ,co/-burd5$ h\sehold ,!   
t]m co/-burd5$ h\sehold means a h\sehold
 t sp5ds n less ?an #cj p]c5t ( ! income
 ( ! h\sehold on h\s+4  7#b7 ,dep>tm5t  
,! t]m ,dep>tm5t means ! ,dep>tm5t (    
,h\s+ & ,urban ,developm5t4  7#c7       
,direct loan ,! t]m direct loan has !   
mean+ giv5 ! t]m 9 section #ejb ( !     
,f$]al ,cr$it ,re=m ,act 7#b ,u4,s4,c4  
#ffa;a74  7#d7 ,eligible entity ,! t]m  
eligible entity means a ,/ate1 a        
political subdivision ( a ,/ate1 a      
coalition ( ,/ates or political         
subdivisions ( ,/ates1 an ,indian       

,tribe1 or a ,native ,hawaiian          
organization t-- 7,a7 demon/rates1 )    
respect to ! area "u ! jurisdiction ( ! 
,/ate1 political subdivision1 coalition1
 ,indian ,tribe1 or organization--  7i7 
ris+ h\s+ co/s or a reasonable          
expectation t h\s+ co/s w rise 9 ! area2
 &  7ii7 a h\s+ supply %ortage2  7,b7 if
 apply+ = a plann+ grant-- 7i7 int5ds to
 develop1 or is 9 ! process ( develop+1 
a h\s+ policy plan2 &  7ii7 demon/rates 
an int5t to use a portion ( ! plann+    
grant to engage ) community /akehold]s &
 h\s+ practition]s 9 develop+ a h\s+    
policy plan2 &  7,c7 if apply+ = an     
implem5tation grant or direct loan "u   
?is section--  7i7 has adopt$ & plans to
 implem5t1 or is 9 ! process (          
implem5t+1 a h\s+ policy plan2 &  7ii7  
demon/rates ! engagem5t ( community     
/akehold]s & h\s+ practition]s 9        
develop+ ! h\s+ policy plan4  7#e7 ,h\s+
 policy plan ,! t]m h\s+ policy plan    
means a compreh5sive plan ( an eligible 
entity to1 ) respect to ! area "u !     

jurisdiction ( ! eligible entity-- 7,a7 
increase ! h\s+ supply 9 ! area1 :ile   
avoid+ ! displacem5t ( ! resid5ts ( !   
area2  7,b7 increase ! af=dability (    
h\s+ 9 ! area2 &  7,c7 r$uce b>ri]s to  
h\s+ developm5t 9 ! area4  7#f7         
,implem5tation grant ,! t]m             
implem5tation grant means a grant aw>d$ 
"u subsection 7b74  7#g7 ,indian ,tribe 
,! t]m ,indian ,tribe has ! mean+ giv5 !
 t]m 9 section #d ( ! ,indian           
,self-,det]m9ation & ,education         
,assi/ance ,act 7#be ,u4,s4,c4 #ecjd74  
7#h7 ,native ,hawaiian organization ,!  
t]m ,native ,hawaiian organization has !
 mean+ giv5 ! t]m 9 section #b ( !      
,native ,am]ican ,graves ,protection &  
,repatriation ,act 7#be ,u4,s4,c4       
#cjja74  7#i7 ,plann+ grant ,! t]m      
plann+ grant means a grant aw>d$ "u     
subsection 7a74  7#aj7 ,secret>y ,! t]m 
,secret>y means ! ,secret>y ( ,h\s+ &   
,urban ,developm5t1 act+ ?r\gh !        
,assi/ant ,secret>y = ,community ,plann+
 & ,developm5t1 9 coord9ation )-- 7,a7 !

 ,(fice ( ,economic ,resili5ce ( !      
,(fice ( ,community ,plann+ &           
,developm5t ( ! ,dep>tm5t2  7,b7 !      
,(fice ( ,policy ,developm5t & ,rese>* (
 ! ,dep>tm5t2  7,c7 ! ,(fice ( ,fair    
,h\s+ & ,equal ,opportunity ( !         
,dep>tm5t2  7,d7 ! ,(fice ( ,h\s+ ( !   
,dep>tm5t2 &  7,e7 ! ,(fice ( ,public & 
,indian ,h\s+ ( ! ,dep>tm5t4  7#aa7     
,/ate ,! t]m ,/ate means any ,/ate ( !  
,unit$ ,/ates1 ! ,di/rict ( ,columbia1 !
 ,commonweal? ( ,pu]to ,rico1 ! ,virg9  
,isl&s1 ,guam1 ,am]ican ,samoa1 !       
,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1
 & any possession ( ! ,unit$ ,/ates4    
#c4 ,transf] ( unus$ ,f$]al real prop]ty
 to ,/ate & local au?orities =          
developm5t  7a7 ,9 g5]al ,n lat] ?an    
#abj days aft] ! date ( ! enactm5t ( ?is
 section1 ! ,adm9i/rator ( ,g5]al       
,s]vices %all e/abli% a pilot program "u
 :i* unus$ ,f$]al real prop]ty is       
transf]r$ 9 accordance ) subsection     
7b77#b7 to eligible entities = !        
developm5t ( mix$-use neighborhoods or  

af=dable h\s+4  7b7 ,transf] ( prop]ty  
7#a7 ,9 g5]al ,any unus$ ,f$]al real    
prop]ty %all be transf]r$ by ! head ( ! 
ag5cy conc]n$ to ! ,adm9i/rator4  7#b7  
,transf] to eligible entity ,!          
,adm9i/rator %all transf] to eligible   
entities any unus$ ,f$]al real prop]ty  
transf]r$ to ! ,adm9i/rator "u p>agraph 
7#a74  7c7 ,sunset ,any transf]s (      
prop]ty describ$ 9 subsection 7b7 %all  
t]m9ate on ! date t is #e ye>s aft] !   
date ( ! enactm5t ( ?is section4  7d7   
,def9itions ,9 ?is section3  7#a7       
,adm9i/rator ,! t]m ,adm9i/rator means !
 ,adm9i/rator ( ! ,g5]al ,s]vices4  7#b7
 ,af=dable h\s+ ,! t]m af=dable h\s+    
means h\s+ t qualifies z af=dable h\s+  
"u section #bae ( ! ,cran/on-,gonzalez  
,national ,af=dable ,h\s+ ,act 7#db     
,u4,s4,c4 #abgde74  7#c7 ,ag5cy ,! t]m  
ag5cy has ! mean+ giv5 ! t]m ,executive 
ag5cy 9 section #aje ( title #e1 ,unit$ 
,/ates ,code4  7#d7 ,eligible entity ,! 
t]m eligible entity means an entity     
e/abli%$ "u ,/ate or local law z        

responsible = h\s+ & urban developm5t   
plann+4  7#e7 ,unus$ ,f$]al real prop]ty
 ,! t]m unus$ ,f$]al real prop]ty means 
l& or a build+-- 7,a7 own$ by ! ,f$]al  
,gov]nm5t2 &  7,b7 decl>$ unus$ by !    
head ( an ag5cy4