,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #iedj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #cj1 #bjbf,ms4  
,bal9t 7= h]self1 ,mr4 ,g>ca ( ,ill9ois1
 ,mr4 ,goldman ( ,new ,york1 ,ms4       
,norton1 ,ms4 ,/ansbury1 ,mr4 ,mull91   
,mr4 ,jackson ( ,ill9ois1 ,mr4 ,johnson 
( ,georgia1 ,ms4 ,g>cia ( ,texas1 ,mrs4 
,mc,iver1 ,ms4 ,om>1 ,ms4 ,tlaib1 ,mr4  
,mc,govern1 & ,mrs4 ,ramirez7 introduc$ 
! foll[+ bill2 :i* 0 ref]r$ to !        
,committee on ,f9ancial ,s]vices1 & 9   
addition to ! ,committee on ,ways &     
,means1 = 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 address ! h\s+ crisis ?r\gh
 /rong p]petual af=dability provisions &
 %>$ equity h\s+ models1 bold inve/m5ts 
to increase & pres]ve ! national        
af=dable h\s+ supply1 c5t] inclusive    
local zon+ & l& use1 provide relief =   
rural r5t]s1 & fund+ pa?s to home[n]%ip4
  #a4 ,%ort title2 ,table ( cont5ts  7a7

 ,%ort title ,?is ,act may be cit$ z !  
,community ,h\s+ ,act ( #bjbf4  7b7     
,table ( cont5ts ,! table ( cont5ts is z
 foll[s3  ,sec4 #a4 ,%ort title2 ,table 
( cont5ts4 ,sec4 #b4 ,congressional     
f9d+s4 ,sec4 #c4 ,sev]ability4 ,title   
,i--,inve/m5ts 9 ,h\s+ ,supply ,sec4    
#aja4 ,h\s+ tru/ fund4 ,sec4 #ajb4 ,,gse
 basis po9t fee4 ,sec4 #ajc4 ,capital   
magnet fund4 ,sec4 #ajd4 ,inve/m5ts 9   
af=dable & accessible h\s+ production4  
,sec4 #aje4 ,unlock+ possibilities      
program4 ,sec4 #ajf4 ,repeal ( ,fairclo?
 ,am5dm5t4 ,sec4 #ajg4 ,e/abli%m5t (    
,,hud ,(fice ( ,community ,l& ,use &    
,zon+4 ,title ,,ii--,r5tal ,support &   
,p]petual ,af=dability ,sec4 #bja4 ,,hud
 eviction protection grant program4     
,sec4 #bjb4 ,%>$ equity h\s+ res\rces4  
,sec4 #bjc4 ,home[n]%ip assi/ance4 ,sec4
 #bjd4 ,report on tax on second>y homes4
 ,sec4 #bje4 ,%>$ equity h\s+ fund4     
,sec4 #bjf4 ,hi/oric ,tax ,cr$it        
,mod]nization4 ,title ,,iii--,l[-co/    
,f9anc+ = ,af=dable ,h\s+ ,projects     

,sec4 #cja4 ,exp&+ ,f$]al ,home ,loan   
,bank ,contributions to ,af=dable ,h\s+4
 ,sec4 #cjb4 ,cont9uation ( ,,fha-,,ffb 
af=dable r5tal h\s+ f9anc+ p>tn]%ip4    
,sec4 #cjc4 ,all[ ,,gses to pur*ase     
mezzan9e debt4 ,title ,,iv--,rural ,h\s+
 ,sec4 #dja4 ,p]man5t e/abli%m5t ( h\s+ 
pres]vation & revitalization program2   
dec\pl+ r5tal assi/ance4 ,sec4 #djb4    
,int]ag5cy task =ce to coord9ate deliv]y
 ( sub/ance use disord] treatm5t &      
af=dable h\s+ availability4 ,sec4 #djc4 
,rural r5tal h\s+ loans4  #b4           
,congressional f9d+s ,! ,congress f9ds  
t-- 7#a7 ! co/ ( h\s+ = all ,am]icans   
has increas$ dramatically & wages h n   
kept pace ) ^! increases ov] ! la/ #ej  
ye>s2  7#b7 ! ,h\s+ ,tru/ ,fund 7,,htf7 
provides a d$icat$1 p]man5t s\rce (     
fund+ = af=dable h\s+2  7#c7 ! ,,htf is 
an important s\rce ( f9anc+ = ,/ate h\s+
 f9ance ag5cies1 us$ along ) tax cr$its 
& ! ,,home ,inve/m5t ,p>tn]%ip program  
7,,home72  7#d7 ! ,capital ,magnet ,fund
 7,,cmf7 provides fund+ to nonpr(its &  

,community ,developm5t ,f9ancial        
,in/itutions 7,c,d,f,is7 to exp& f9anc+ 
= ! developm5t1 rehabilitation1 &       
pur*ase ( af=dable h\s+ & o!r relat$    
economic developm5t projects 9 di/ress$ 
communities2  7#e7 ! ,,htf & ,,cmf are  
fund$ ?r\gh contributions f !           
,gov]nm5t-sponsor$ ent]prises 7,g,s,es7 
,fannie ,mae & ,fr$die ,mac2  7#f7 !    
,,home program is us$1 9 comb9ation )   
h\s+ tax cr$its1 by /ate h\s+ f9ance    
ag5cies to build af=dable r5tal h\s+2   
7#g7 ! ,,home program is also ! prim>y  
,f$]al res\rce = ! con/ruction (        
af=dable family homes2  7#h7 despite its
 importance & effectiv5ess1 ! ,,home    
program has n be5 adequately fund$ 9    
relation to increas+ co/s associat$ )   
s+le family & multifamily h\s+          
con/ruction2  7#i7 re/rictive l& use    
regulations disproportionately affect   
l[- & mod]ate-income families by limit+ 
! availability ( quality af=dable h\s+ &
 driv+ up ! co/s ( exi/+ h\s+2  7#aj7   
public h\s+ ag5cies are unnecess>ily    

prohibit$ f increas+ _! numb] ( public  
h\s+ units above ! total !y _h 9 #aiib  
"u a provision ( law commonly ref]r$ to 
z ! ,fairclo? limit2  7#aa7 community l&
 tru/s or %>$ equity h\s+ programs are  
crucial = ensur+ p]petual h\s+          
af=dability2  7#ab7 community l& tru/s  
or relat$ %>$ equity h\s+ programs h    
e/abli%$ legal frameworks to keep homes 
af=dable = m ?an #cj ye>s2  7#ac7 !re   
are ov] #cjj community l& tru/ entities 
9 ! ,unit$ ,/ates encompass+ #dc1ica    
h\s+ units2  7#ad7 r5tal h\s+ subsidiz$ 
by ! ,rural ,h\s+ ,s]vice 7,,rhs7 ( !   
,dep>tm5t ( ,agriculture is (t5 ! only  
af=dable option 9 rural communities2    
7#ae7 m ?an half ( extremely l[-income  
rural r5t]s exp]i5ce h\s+ insecurity2   
7#af7 /ate & local h\s+ f9ance ag5cies  
are innovat+ new ways to f9ance &       
cross-subsidize ! creation ( af=dable   
mix$ income public h\s+ )\t dep5d+ on ! 
use ( sc>ce l[-income h\s+ tax cr$its2  
7#ag7 l[-co/ debt is "o ( ! prim>y ways 
c\ntries ar\nd ! _w subsidize h\s+      

af=dable h\s+ developm5t2 &  7#ah7 /ate 
& local h\s+ f9ance ag5cies 9 ! ,unit$  
,/ates h report$ /rong support = access 
to l[ co/ ,f$]al f9anc+4  #c4           
,sev]ability ,if any provision ( ?is    
,act1 any am5dm5t made by ?is ,act1 or !
 application ( any su* provision or     
am5dm5t to any p]son or circum/ance is  
held to be uncon/itutional1 ! rema9d] ( 
?is ,act & ( ! am5dm5ts made by ?is     
,act1 & ! application ( ! rema9+        
provisions ( ?is ,act & am5dm5ts to any 
p]son or circum/ance %all n be affect$4 
,i ,inve/m5ts 9 ,h\s+ ,supply  #aja4    
,h\s+ tru/ fund ,section #acch7;a7 ( !  
,f$]al ,h\s+ ,ent]prises ,f9ancial      
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #defh7;a77 is am5d$ by add+ at
 ! end ! foll[+3  7#c7 ,appropriation ,9
 addition to am\nts o!rwise made        
available1 !re is appropriat$ to ! ,h\s+
 ,tru/ ,fund1 out ( any money 9 !       
,treasury n o!rwise appropriat$1        
#dd1ejj1jjj1jjj = ea* ( fiscal ye>s     
#bjbg ?r\gh #bjcf4  4  #ajb4 ,,gse basis

 po9t fee ,section #accg7;a7 ( ! ,f$]al 
,h\s+ ,ent]prises ,f9ancial ,safety &   
,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4   
#defg7 is am5d$--  7#a7 9 p>agraph      
7#a77;,a71 by /rik+ #d4b basis po9ts &  
ins]t+ #aj basis po9ts2 &  7#b7 9       
p>agraph 7#b77;,a71 by /rik+ #d4b basis 
po9ts & ins]t+ #aj basis po9ts4  #ajc4  
,capital magnet fund ,section #acci ( ! 
,f$]al ,h\s+ ,ent]prises ,f9ancial      
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #defi7 is am5d$ by add+ at !  
end ! foll[+3  7k7 ,appropriation ,9    
addition to am\nts o!rwise made         
available1 !re is appropriat$ to !      
,capital ,magnet ,fund1 out ( any money 
9 ! ,treasury n o!rwise appropriat$1    
#a1ejj1jjj1jjj = ea* ( fiscal ye>s #bjbg
 ?r\gh #bjcf4  4  #ajd4 ,inve/m5ts 9    
af=dable & accessible h\s+ production   
7a7 ,appropriation ,9 addition to am\nts
 o!rwise made available1 !re is         
appropriat$ to ! ,secret>y ( ,h\s+ &    
,urban ,developm5t 79 ?is section ref]r$
 to z ! ,secret>y7 = fiscal ye> #bjbg1  

out ( any money 9 ! ,treasury n o!rwise 
appropriat$-- 7#a7 #i1ibe1jjj1jjj1 to   
rema9 available until ,septemb] #cj1    
#bjcj1 = activities & assi/ance = !     
,,home ,inve/m5t ,p>tn]%ips ,program 79 
?is section ref]r$ to z ! ,,home        
program71 z au?oriz$ "u sections #bda   
?r\gh #bdb1 #bdd ?r\gh #bec1 #bee ?r\gh 
#bef1 & #bha ?r\gh #bij ( !             
,cran/on-,gonzalez ,national ,af=dable  
,h\s+ ,act 7#db ,u4,s4,c4 #abgda-abgdb1 
#db ,u4,s4,c4 #abgdd-abgec1 #db         
,u4,s4,c4 #abgee-abgef1 #db ,u4,s4,c4   
#abhca-abhdj7 79 ?is section ref]r$ to z
 ,,naha71 subject to ! t]ms & conditions
 p>agraph 7#a77;,a7 ( subsection 7b72   
7#b7 #ad1ibe1jjj1jjj1 to rema9 available
 until ,septemb] #cj1 #bjcj1 =          
activities & assi/ance = ! ,,home       
,inve/m5t ,p>tn]%ips ,program1 z        
au?oriz$ "u sections #bda ?r\gh #bdb1   
#bdd ?r\gh #bec1 #bee ?r\gh #bef1 & #bha
 ?r\gh #bij ( ! ,cran/on-,gonzalez      
,national ,af=dable ,h\s+ ,act 7#db     
,u4,s4,c4 #abgda-abgdb1 #db ,u4,s4,c4   

#abgdd-abgec1 #db ,u4,s4,c4             
#abgee-abgef1 #db ,u4,s4,c4             
#abhca-abhdj71 subject to ! t]ms &      
conditions 9 p>agraphs 7#a77;,b7 & 7#b7 
( subsection 7b72  7#c7 #ej1jjj1jjj1 to 
rema9 available until ,septemb] #cj1    
#bjcf1 to make new aw>ds or increase    
prior aw>ds to exi/+ te*nical assi/ance 
provid]s to provide an increase 9       
capacity build+ & te*nical assi/ance    
available to any grantees implem5t+     
activities or projects consi/5t ) ?is   
section2 &  7#d7 #ajj1jjj1jjj1 to rema9 
available until ,septemb] #cj1 #bjcf1 = 
! co/s to ! ,secret>y ( adm9i/]+ &      
ov]see+ ! implem5tation ( ?is section & 
! ,,home & ,h\s+ ,tru/ ,fund programs   
g5]ally1 includ+ in=mation te*nology1   
f9ancial report+1 rese>* & evaluations1 
& o!r cross-program co/s 9 support (    
programs adm9i/]$ by ! ,secret>y 9 ?is  
title1 & o!r co/s4  7b7 ,t]ms &         
conditions  7#a7 ,=mulas  7,a7 ,!       
,secret>y %all allocate am\nts made     
available "u subsection 7a77#a7 pursuant

 to section #bag ( ,,naha 7#db ,u4,s4,c4
 #abgdg7 to grantees t receiv$          
allocations pursuant to t same =mula 9  
fiscal ye> #bjbd & %all make su*        
allocations )9 #fj days ( ! enactm5t (  
?is ,act4  7,b7 ,! ,secret>y %all       
allocate am\nts made available "u       
subsection 7a77#b7 pursuant to ! =mula  
specifi$ 9 section #acch7;c77#c7 ( !    
,f$]al ,h\s+ ,ent]prises ,f9ancial      
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #defh7;c77#c77 to grantees t  
receiv$ ,h\s+ ,tru/ ,fund allocations   
pursuant to t same =mula 9 fiscal ye>   
#bjbg & %all make su* allocations )9 #fj
 days ( ! date ( ! enactm5t ( ?is ,act4 
7#b7 ,eligible activities ,o!r ?an z    
provid$ 9 p>agraph 7#e7 ( ?is           
subsection1 funds made available "u     
subsection 7a77#b7 may only be us$ =    
eligible activities describ$ 9          
subp>agraphs 7,a7 ?r\gh 7,b77i7 (       
section #acch7;c77#g7 ( ! ,f$]al ,h\s+  
,ent]prises ,f9ancial ,safety &         
,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4   

#defh7;c77#g771 except t n m ?an #aj    
p]c5t ( funds made available may be us$ 
= activities "u su* subp>agraph 7,b77i74
  7#c7 ,fund+ re/rictions ,! commitm5t  
requirem5ts 9 section #bah7;g7 7#db     
,u4,s4,c4 #abgdh7;g77 ( ,,naha1 ! mat*+ 
requirem5ts 9 section #bbj 7#db         
,u4,s4,c4 #abgej7 ( ,,naha1 & !         
set-aside = h\s+ develop$1 sponsor$1 or 
own$ by community h\s+ developm5t       
organizations requir$ 9 section #bca (  
,,naha 7#db ,u4,s4,c4 #abgga7 %all n    
apply = am\nts made available "u ?is    
section4  7#d7 ,reallocation ,= funds   
provid$ "u p>agraphs 7#a7 & 7#b7 (      
subsection 7a71 ! ,secret>y may         
recapture c]ta9 am\nts rema9+ available 
to a grantee "u ?is section or am\nts   
decl9$ by a grantee1 & reallocate su*   
am\nts to o!r grantees "u t p>agraph to 
ensure fund exp5diture1 geographic      
div]sity1 & availability ( fund+ to     
communities )9 ! ,/ate f :i* ! funds h  
be5 recaptur$4  7#e7 ,adm9i/ration      
,not)/&+ subsections 7c7 & 7d77#a7 (    

section #bab ( ,,naha 7#db ,u4,s4,c4    
#abgdb71 grantees may use n m ?an #ae   
p]c5t ( _! allocations "u ?is section = 
adm9i/rative & plann+ co/s4  7c7 ,waiv]s
 ,! ,secret>y may waive or specify      
alt]native requirem5ts = any provision (
 ! ,cran/on-,gonzalez ,national         
,af=dable ,h\s+ ,act specifi$ 9         
subsection 7a77#a7 or 7a77#b7 or        
regulation = ! adm9i/ration ( ! am\nts  
made available "u ?is section o!r ?an   
requirem5ts relat$ to t5ant rights &    
protections1 fair h\s+1                 
nondiscrim9ation1 labor /&>ds1 & !      
environm5t1 ^u a f9d+ t ! waiv] or      
alt]native requirem5t is necess>y to    
facilitate ! use ( am\nts made available
 "u ?is section4  7d7 ,implem5tation ,! 
,secret>y %all h au?ority to issue su*  
regulations1 notices1 or o!r guidance1  
=ms1 in/ructions1 & publications to c>ry
 out ! programs1 projects1 or activities
 au?oriz$ "u ?is section to ensure t su*
 programs1 projects1 or activities are  
complet$ 9 a timely & effective mann]4  

#aje4 ,unlock+ possibilities program    
7a7 ,appropriation ,9 addition to am\nts
 o!rwise available1 !re is appropriat$  
to ! ,secret>y ( ,h\s+ & ,urban         
,developm5t = fiscal ye> #bjbg1 out (   
any money 9 ! ,treasury n o!rwise       
appropriat$--  7#a7 #a1fdf1jjj1jjj =    
aw>d+ grants "u sections #aja1 #ajb1    
#ajc1 #ajd7;a7 ?r\gh #ajd7;i71 #ajd7l71 
#ajd7m71 #aje7;a7 ?r\gh #aje7;g71       
#ajf7;a77#b71 #ajf7;a77#d71 #ajf7;b7    
?r\gh #ajf7;f71 #aji1 #aaj1 #aaa1 #aac1 
#aae1 #aaf1 #abj1 & #abb ( ! ,h\s+ &    
,community ,developm5t ,act ( #aigd 7#db
 ,u4,s4,c4 #ecja1 #ecjb1 #ecjc1         
#ecjd7;a7-7i71 #ecjd7l71 #ecjd7m71      
#ecje7;a7-7g71 #ecjf7;a77#b71           
#ecjf7;a77#d71 #ecjf7;b7-7f71 #ecji1    
#ecaj1 #ecaa1 #ecac1 #ecae1 #ecaf1      
#ecai1 & #ecba7 aw>d$ on a competitive  
basis to eligible recipi5ts to c>ry out 
grants "u subsection 7c7 ( ?is section2 
7#b7 #h1jjj1jjj = rese>* & evaluation   
relat$ to h\s+ plann+ & o!r associat$   
co/s2  7#c7 #c1jjj1jjj to provide       

te*nical assi/ance to grantees or       
applicants = grants made available by   
?is section2 &  7#d7 #ff1jjj1jjj = !    
co/s to ! ,secret>y ( adm9i/]+ & ov]see+
 ! implem5tation ( ?is section &        
community & economic developm5t programs
 ov]se5 by ! ,secret>y g5]ally1 includ+ 
in=mation te*nology1 f9ancial report+1  
rese>* & evaluations1 & o!r             
cross-program co/s 9 support ( programs 
adm9i/]$ by ! ,secret>y 9 ?is title1 &  
o!r co/s4  ,am\nts appropriat$ by ?is   
section %all rema9 available until      
,septemb] #cj1 #bjcf4  7b7 ,program     
e/abli%m5t ,! ,secret>y ( ,h\s+ & ,urban
 ,developm5t1 act+ ?r\gh ! ,director ( !
 ,(fice ( ,community ,l& ,use & ,zon+   
,re=m e/abli%$ "u section #d7;i7 ( !    
,dep>tm5t ( ,h\s+ & ,urban ,developm5t  
,act 7z add$ by ! am5dm5t made by       
section #ajg7;a7 ( ?is ,act71 %all      
e/abli% a competitive grant program =-- 
7#a7 plann+ grants to develop & evaluate
 h\s+ plans & sub/antially improve h\s+ 
/rategies2  7#b7 /reaml9+ regulatory    

requirem5ts & %ort5 processes1 re=m zon+
 codes1 increas+ capacity to conduct    
h\s+ inspections1 or o!r initiatives t  
r$uce b>ri]s to h\s+ supply ela/icity & 
af=dability2  7#c7 develop+ & evaluat+  
local or regional plans = community     
developm5t to sub/antially improve      
community developm5t /rategies relat$ to
 su/a9ability1 fair h\s+1 & location    
effici5cy2  7#d7 implem5tation & livable
 community inve/m5t grants2 &  7#e7     
rese>* & evaluation4  7c7 ,grants  7#a7 
,plann+ grants ,! ,secret>y %all1 "u    
selection crit]ia det]m9$ by !          
,secret>y1 aw>d grants "u ?is p>agraph  
on a competitive basis to eligible      
entities to assi/ plann+ activities1    
includ+ adm9i/ration ( su* activities1  
engagem5t ) community /akehold]s & h\s+ 
practition]s1 to-- 7,a7 develop h\s+    
plans2  7,b7 sub/antially improve ,/ate 
or local h\s+ /rategies2  7,c7 develop  
new regulatory requirem5ts & processes1 
re=m zon+ codes1 increas+ capacity to   
conduct h\s+ inspections1 or und]take   

o!r initiatives to r$uce b>ri]s to h\s+ 
supply ela/icity & af=dability2  7,d7   
develop local or regional plans =       
community developm5t2 &  7,e7           
sub/antially improve community          
developm5t /rategies1 includ+ /rategies 
to increase availability & access to    
af=dable h\s+1 to fur!r access to public
 transportation or to advance o!r       
su/a9able or location-effici5t community
 developm5t goals4  7#b7 ,implem5tation 
& livable community inve/m5t grants ,!  
,secret>y %all aw>d implem5tation grants
 "u ?is p>agraph on a competitive basis 
to eligible entities = ! purpose (      
implem5t+ & adm9i/]+-- 7,a7 complet$    
h\s+ /rategies & h\s+ plans & any plann+
 to affirmatively fur!r fair h\s+ )9 !  
mean+ ( subsections 7d7 & 7e7 ( section 
#hjh ( ! ,fair ,h\s+ ,act 7#db ,u4,s4,c4
 #fjh7 & applicable regulations & =     
community inve/m5ts t support ! goals   
id5tifi$ 9 su* h\s+ /rategies or h\s+   
plans2  7,b7 new regulatory requirem5ts 
& processes1 re=m$ zon+ codes1 increas$ 

capacity to conduct h\s+ inspections1 or
 o!r initiatives to r$uce b>ri]s to h\s+
 supply ela/icity & af=dability t are   
consi/5t ) a plan "u subp>agraph 7,a72 &
  7,c7 complet$ local or regional plans 
= community developm5t & any plann+ to  
increase availability & access to       
af=dable h\s+1 access to public         
transportation & o!r su/a9able or       
location-effici5t community developm5t  
goals4  7d7 ,coord9ation ) ,,fta        
adm9i/rator ,to ! ext5t practicable1 !  
,secret>y %all coord9ate ) ! ,f$]al     
,transit ,adm9i/rator 9 c>ry+ out ?is   
section4  7e7 ,def9itions ,= purposes ( 
?is section1 ! foll[+ def9itions apply3 
7#a7 ,eligible entity ,! t]m eligible   
entity means-- 7,a7 a ,/ate1 insul>     
area1 metropolitan city1 or urban c\nty1
 z su* t]ms are def9$ 9 section #ajb ( !
 ,h\s+ & ,community ,developm5t ,act (  
#aigd 7#db ,u4,s4,c4 #ecjb72 or  7,b7 = 
purposes ( grants "u subsection 7b77#a71
 a regional plann+ ag5cy or consortia4  
7#b7 ,h\s+ plan2 h\s+ /rategy  7,a7     

,h\s+ plan ,! t]m h\s+ plan means a plan
 ( an eligible entity to1 ) respect to !
 area )9 ! jurisdiction ( ! eligible    
entity--  7i7 mat* ! creation ( h\s+    
supply to exi/+ dem& & project$ dem&    
gr[? 9 ! area1 ) att5tion to prev5t+    
displacem5t ( resid5ts1 r$uc+ !         
conc5tration ( pov]ty1 & mean+fully     
r$uc+ & n p]petuat+ h\s+ segregation on 
! basis ( race1 color1 religion1 natural
 orig91 sex1 disability1 or familial    
/atus2  7ii7 increase ! af=dability (   
h\s+ 9 ! area1 increase ! accessibility 
( h\s+ 9 ! area = p ) disabilities1     
includ+ location-effici5t h\s+1 &       
pres]ve or improve ! quality ( h\s+ 9 ! 
area2  7iii7 r$uce b>ri]s to h\s+       
developm5t 9 ! area1 ) consid]ation =   
location effici5cy1 af=dability1 &      
accessibility2 &  7iv7 coord9ate ) !    
metropolitan transportation plan ( !    
area "u ! jurisdiction ( ! eligible     
entity1 or o!r regional plan4  7,b7     
,h\s+ /rategy ,! t]m h\s+ /rategy means 
! h\s+ /rategy requir$ "u section #aje (

 ! ,cran/on-,gonzalez ,national         
,af=dable ,h\s+ ,act 7#db ,u4,s4,c4     
#abgje74  7f7 ,co/s to grantees ,up to  
#ae p]c5t ( a recipi5t's grant may be   
us$ = adm9i/rative co/s4  7g7 ,rules (  
con/ruction  7#a7 ,9 g5]al ,except z    
o!rwise provid$ by ?is section1 am\nts  
appropriat$ or o!rwise made available "u
 ?is section %all be subject to !       
community developm5t block grant program
 requirem5ts "u subsection 7a77#a74     
7#b7 ,exceptions  7,a7 ,h\s+ con/ruction
 ,exp5ditures on new con/ruction ( h\s+ 
%all be an eligible exp5se "u ?is       
section4  7,b7 ,build+s = g5]al conduct 
( gov]nm5t ,exp5ditures on build+ = !   
g5]al conduct ( gov]nm5t1 o!r ?an !     
,f$]al ,gov]nm5t1 %all be eligible "u   
?is section :5 necess>y & appropriate z 
a "p ( a natural haz>d mitigation       
project4  7h7 ,waiv]s ,! ,secret>y may  
waive or specify alt]native requirem5ts 
= any provision ( subsection 7a77#a7 or 
regulation = ! adm9i/ration ( ! 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 ( su* ,act & t ! waiv]
 or alt]native requirem5t is necess>y to
 facilitate ! use ( am\nts made         
available "u ?is section4  7i7          
,implem5tation ,! ,secret>y %all h !    
au?ority to issue su* regulations       
notices1 or o!r guidance1 =ms1          
in/ructions1 & publications to c>ry out 
! programs1 projects1 or activities     
au?oriz$ "u ?is section to ensure t su* 
programs1 projects1 or activities are   
complet$ 9 a timely & effective mann]4  
#ajf4 ,repeal ( ,fairclo? ,am5dm5t      
,section #i7;g7 ( ! ,unit$ ,/ates ,h\s+ 
,act ( #aicg 7#db ,u4,s4,c4 #adcg;g7g77 
is am5d$ by /rik+ p>agraph 7#c7 7relat+ 
to limitation on new con/ruction74      
#ajg4 ,e/abli%m5t ( ,,hud ,(fice (      
,community ,l& ,use & ,zon+  7a7 ,9     
g5]al ,section #d ( ! ,dep>tm5t ( ,h\s+ 
& ,urban ,developm5t ,act 7#db ,u4,s4,c4

 #cecc7 is am5d$ by add+ at ! end !     
foll[+ new subsection3  7i7 ,(fice (    
community l& use & zon+  7#b7           
,e/abli%m5t ,!re is e/abli%$ 9 !        
,dep>tm5t1 9 ! ,(fice ( ! ,secret>y1 !  
,(fice ( ,community ,l& ,use & ,zon+4   
7#c7 ,director ,!re is e/abli%$ !       
position ( ,director ( ! ,(fice (       
,community ,l& ,use & ,zon+4 ,!         
,director %all be ! head ( ! ,(fice (   
,community ,l& ,use & ,zon+ & %all be   
appo9t$ by1 & %all report to1 !         
,secret>y4 ,su* position %all be a      
c>e]-res]v$ position 9 ! ,s5ior         
,executive ,s]vice4  7#d7 ,mission ,!   
mission ( ! ,(fice ( ,community ,l& ,use
 & ,zon+ %all be to enc\rage communities
 to pursue l& use policies t increase ! 
availability & af=dability ( h\s+4  7#e7
 ,functions ,! ,director %all h prim>y  
responsibility )9 ! ,dep>tm5t = all     
activities & matt]s relat+ to l& use &  
zon+ re=m1 includ+ ! foll[+3 7,a7 ,to   
collect1 process1 assemble1 coord9ate   
rese>*1 & dissem9ate in=mation on ,/ate 

& local regulations & policies affect+ !
 creation & ma9t5ance ( af=dable h\s+4  
7,b7 ,to provide te*nical assi/ance to  
,/ate & local communities reg>d+ ,/ate &
 local regulations & policies affect+ ! 
creation & ma9t5ance ( af=dable h\s+4   
7,c7 ,to ma9ta9 a ,regulatory ,b>ri]s   
,cle>+h\se & a database ( l& use        
policies across ! ,unit$ ,/ates4  7,d7  
,to adm9i/] ! ,unlock+ ,possibilities   
,program "u section #aje ( ! ,community 
,h\s+ ,act ( #bjbf4  7,e7 ,to adm9i/] ! 
,%>$ ,equity ,h\s+ ,res\rce ,c5t]       
e/abli%$ "u section #bjc7;b7 ( !        
,community ,h\s+ ,act ( #bjbf4  7,f7 ,to
 issue1 n lat] ?an #b ye>s aft] ! date (
 ! enactm5t ( ?is ,act1 guidance & be/  
practices reg>d+ ,/ate & local l& use & 
zon+ regulations & policies affect+ !   
creation & ma9t5ance ( af=dable h\s+1 & 
to ma9ta9 & update su* guidance & be/   
practices regul>ly4  4  7b7 ,transf]2   
,r$esignation ,! ,secret>y ( ,h\s+ &    
,urban ,developm5t %all provide =--     
7#a7 ! transf] ( ! adm9i/ration ( !     

,regulatory ,b>ri]s ,cle>+h\se ( !      
,dep>tm5t1 :i* z ( ! date ( ! enactm5t (
 ?is ,act is ! responsibility ( ! ,(fice
 ( ,policy ,developm5t & ,rese>*1 to !  
,director ( ! ,(fice ( ,community ,l&   
,use & ,zon+ e/abli%$ "u section #d7;i7 
( ! ,dep>tm5t ( ,h\s+ & ,urban          
,developm5t ,act1 z add$ by ! am5dm5t   
made by subsection 7a7 ( ?is section2 & 
7#b7 ! r$esignation ( ! ,regulatory     
,b>ri]s ,cle>+h\se z ! ,community ,l&   
,use & ,zon+ ,rese>* ,c5t]4  7c7        
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ #b1jjj1jjj = 
ea* ( fiscal ye>s #bjbg ?r\gh #bjca =   
co/s ( p]sonnel = & activities ( !      
,(fice ( ,community ,l& ,use & ,zon+4   
,,ii ,r5tal ,support & ,p]petual        
,af=dability  #bja4 ,,hud eviction      
protection grant program ,9 addition to 
am\nts o!rwise made available1 !re is   
appropriat$ to ! ,secret>y ( ,h\s+ &    
,urban ,developm5t = ea* ( fiscal ye>s  
#bjbg ?r\gh #bjcf1 out ( any money 9 !  
,treasury n o!rwise appropriat$1        

#aj1jjj1jjj = grants "u ! ,eviction     
,protection ,grant ,program ( ! ,(fice (
 ,policy ,developm5t & ,rese>*4  #bjb4  
,%>$ equity h\s+ res\rces  7a7 ,fund+ ,9
 addition to am\nts o!rwise made        
available1 !re is appropriat$ = fiscal  
ye> #bjbg = paym5t to ! ,neighborhood   
,re9ve/m5t ,corporation = use 9         
neighborhood re9ve/m5t activities1 z    
au?oriz$ by ! ,neighborhood ,re9ve/m5t  
,corporation ,act 7#db ,u4,s4,c4        
#haja-hajg71 #ab1jjj1jjj1 to rema9      
available until ,septemb] #cj1 #bjbi3   
,provid$1 ,t su* am\nt %all be = !      
promotion & developm5t ( %>$ equity h\s+
 models1 includ+ = capital grants =     
,neighbor,works affiliates to acquire   
homes = _! %>$ equity portfolios4  7b7  
,res\rce c5t] ,! ,secret>y ( ,h\s+ &    
,urban ,developm5t %all e/abli% &       
ma9ta91 "u ! ,(fice ( ,community ,l&    
,use & ,zon+1 a ,%>$ ,equity ,h\s+      
,res\rce ,c5t] to provide te*nical &    
legal assi/ance & res\rces to           
communities & ! g5]al public reg>d+ =m+ 

%>$ equity h\s+ gov]nance /ructures1    
includ+ af=dable h\s+ community l&      
tru/s4 ,!re is au?oriz$ to be           
appropriat$ = ea* fiscal ye> su* sums z 
may be necess>y to op]ate su* ,res\rce  
,c5t]4  #bjc4 ,home[n]%ip assi/ance  7a7
 ,rural home[n]hip  7#a7 ,appropriation 
,9 addition to am\nts o!rwise available1
 !re is appropriat$ to ! ,secret>y (    
,agriculture = ea* ( fiscal ye>s #bjbg  
?r\gh #bjcf1 out ( any money 9 !        
,treasury n o!rwise appropriat$-- 7,a7  
#d1jjj1jjj1jjj1 = gross obligations = ! 
pr9cipal am\nt ( direct loans z au?oriz$
 by section #ejb ( ! ,h\s+ ,act ( #aidi 
7#db ,u4,s4,c4 #adgb72 &  7,b7          
#adh1djj1jjj = ! co/ ( direct loans     
au?oriz$ by su* section #ejb1 includ+ ! 
co/ ( modify+ loans1 z def9$ 9 section  
#ejb ( ! ,congressional ,budget ,act (  
#aigd 7#b ,u4,s4,c4 #ffa;a74  7#b7      
,int]e/ rate ,not)/&+ any o!r provision 
( law1 ! annual int]e/ rate payable on a
 direct loan au?oriz$ by section #ejb ( 
! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4     

#adgb71 z modifi$ by paym5t assi/ance1  
may n be l[] ?an #a4j p]c5t4  7b7 ,h\s+ 
*oice v\*] d[npaym5t program ,9 addition
 to am\nts o!rwise available1 !re is    
appropriat$ to ! ,secret>y ( ,h\s+ &    
,urban ,developm5t = ea* ( fiscal ye>s  
#bjbg ?r\gh #bjcf1 out ( any money 9 !  
,treasury n o!rwise appropriat$1        
#a1jjj1jjj1jjj1 = provid+ d[npaym5t     
assi/ance "u section #h7y77#g7 ( !      
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;f7y77#g774  #bjd4       
,report on tax on second>y homes ,!     
,secret>y ( ! ,treasury %all1 n lat] ?an
 #ahj days aft] ! date ( ! enactm5t (   
?is ,act1 submit to ,congress a report  
on ! feasibility1 economic consequ5ces1 
& rev5ue effects ( e/abli%+ a tax on    
vacation homes & %ort-t]m r5tal homes4  
#bje4 ,%>$ equity h\s+ fund  7a7        
,appropriation ,9 addition to am\nts    
o!rwise available1 !re is appropriat$ to
 ! ,community ,re/oration &             
,revitalization ,fund e/abli%$ "u       
subsection 7b7 = fiscal ye> #bjbg1 out (

 any money 9 ! ,treasury n o!rwise      
appropriat$1 to rema9 available until   
,septemb] #cj1 #bjce1 #ejj1jjj1jjj =    
plann+ & implem5tation grants "u        
sections #aja1 #ajb1 #ajc1 #ajd7;a7     
?r\gh #ajd7;i71 #ajd7l71 #ajd7m71       
#aje7;a7 ?r\gh #aje7;g71 #ajf7;a77#b71  
#ajf7;a77#d71 #ajf7;b7 ?r\gh #ajf7;f71  
#aji1 #aaj1 #aaa1 #aac1 #aae1 #aaf1     
#abj1 & #abb ( ! ,h\s+ & ,community     
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecja1 #ecjb1 #ecjc1 #ecjd7;a7-7i71     
#ecjd7l71 #ecjd7m71 #ecje7;a7-7g71      
#ecjf7;a77#b7 #ecjf7;a77#d71            
#ecjf7;b7-7f71 #ecji1 #ecaj1 #ecaa1     
#ecac1 #ecae1 #ecaf1 #ecai1 & #ecba71   
aw>d$ on a competitive basis to eligible
 recipi5ts1 z def9$ "u subsection 7d7 ( 
?is section1 to create1 exp&1 & ma9ta9  
community l& tru/s & %>$ equity         
home[n]%ip1 includ+ ?r\gh ! acquisition1
 rehabilitation1 & new con/ruction (    
af=dable1 accessible h\s+4  7b7         
,e/abli%m5t ( fund ,! ,secret>y ( ,h\s+ 
& ,urban ,developm5t 79 ?is section     

ref]r$ to z ! ,secret>y7 %all e/abli% a 
,%>$ ,equity ,fund 79 ?is section ref]r$
 to z ! ,fund7 to aw>d plann+ &         
implem5tation grants on a competitive   
basis to eligible recipi5ts = activities
 au?oriz$ "u subsections 7a7 ?r\gh 7g7 (
 section #aje ( ! ,h\s+ & ,community    
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecje7 & "u ?is section = community-l$  
af=dable h\s+ & community developm5t &  
economic developm5t projects4  7c7 ,use 
( funds ,an eligible recipi5t ( a       
community l& tru/ grant aw>d$ "u        
subsection 7a7 %all use su* grant =     
e/abli%+ & op]at+ a community l& tru/ or
 %>$ equity home[n]%ip program2         
creation1 subsidization1 con/ruction1   
acquisition1 rehabilitation1 &          
pres]vation ( h\s+ 9 a community l& tru/
 or %>$ equity home[n]%ip program1 &    
exp&+ ! capacity ( ! recipi5t to c>ry   
out ! grant1 provid$ t any h\s+ units   
creat$ or ma9ta9$-- 7#a7 9 ! case (     
r5tal units1 includ+ units 9 mix$-use   
prop]ties1 are af=dable & accessible to 

a h\sehold ^: income does n exce$ #hj   
p]c5t ( ! m$ian income = ! area1 z      
det]m9$ by ! ,secret>y1 = a p]iod ( n   
less ?an #cj ye>s2 &  7#b7 9 ! case (   
home[n]%ip units1 are af=dable &        
accessible to h\seholds ^: incomes d n  
exce$ #abj p]c5t ( ! m$ian income = !   
area1 z det]m9$ by ! ,secret>y4  7d7    
,eligible recipi5t ,an eligible recipi5t
 ( a plann+ or implem5tation grant "u   
subsection 7a7 %all be a local p>tn]%ip 
) ! ability to adm9i/] ! grant4  7e7    
,waiv]s ,! ,secret>y may waive or       
specify alt]native requirem5ts =        
sections #ajd7;a7 ?r\gh 7e71 #ajd7;h71  
#ajd7l71 #ajd7m71 #aje7;a7 ?r\gh 7g71   
#ajf7;a77#b71 #ajf7;a77#d71 & #ajf7;b7  
?r\gh 7f7 ( ! ,h\s+ & ,community        
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecjd7;a7 ?r\gh 7e71 #ecjd7;h71         
#ecjd7l71 #ecjd7m71 #ecje7;a7 ?r\gh 7g71
 #ecjf7;a77#b71 #ecjf7;a77#d71 &        
#ecjf7;b7 ?r\gh 7f771 or associat$      
regulations = ! adm9i/ration ( ! 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 ( su* ,act & t ! waiv]
 or alt]native requirem5t is necess>y to
 exp$ite or facilitate ! use ( am\nts   
made available "u ?is section4  7f7     
,def9itions ,= purposes ( ?is section1 !
 foll[+ def9itions %all apply3  7#a7    
,community l& tru/ ,! t]m community l&  
tru/ means a nonpr(it organization or   
,/ate or local gov]nm5ts or             
in/rum5talities t-- 7,a7 use a gr\nd    
lease or de$ cov5ant ) an af=dability   
p]iod ( at lea/ #cj ye>s or m to--  7i7 
make r5tal & home[n]%ip units af=dable  
to h\seholds2 &  7ii7 /ipulate a        
preemptive option to pur*ase ! af=dable 
r5tals or home[n]%ip units s t !        
af=dability ( ! units is pres]v$ =      
successive income-eligible h\seholds2 & 
7,b7 monitor prop]ties to ensure        
af=dability is pres]v$4  7#b7 ,l& bank  
,! t]m l& bank means a gov]nm5t entity1 

ag5cy1 or program1 or a special purpose 
nonpr(it entity =m$ by "o or m units (  
gov]nm5t 9 accordance ) ,/ate or local  
l& bank enabl+ law1 t has be5 designat$ 
by "o or m ,/ate or local gov]nm5ts to  
acquire1 /ew>d1 & dispose ( vacant1     
ab&on$1 or o!r problem prop]ties 9      
accordance ) locally det]m9$ priorities 
& goals4  7#c7 ,%>$ equity home[n]%ip   
program ,! t]m %>$ equity home[n]%ip    
program means a program to facilitate   
af=dable home[n]%ip pres]vation ?r\gh a 
resale re/riction program adm9i/]$ by a 
community l& tru/1 o!r nonpr(it         
organization1 or ,/ate or local gov]nm5t
 or in/rum5talities & t utilizes a gr\nd
 lease1 de$ re/riction1 subord9ate loan1
 or simil> me*anism t includes          
provisions ensur+ t ! program %all--    
7,a7 ma9ta9 ! home z af=dable =         
subsequ5t v l[-1 l[-1 or mod]ate-income 
families = an af=dability t]m ( at lea/ 
#cj ye>s aft] recordation2  7,b7 apply a
 resale =mula t limits ! home[n]'s      
proce$s ^u resale2 &  7,c7 provide !    

program adm9i/rator or su* adm9i/rator's
 assignee a preemptive option to pur*ase
 ! home[n]%ip unit f ! home[n] at       
resale4  7g7 ,implem5tation ,! ,secret>y
 %all h ! au?ority to e/abli% by notice 
any requirem5ts t ! ,secret>y det]m9es  
are necess>y = timely & effective       
implem5tation ( ! program & exp5diture (
 funds appropriat$1 :i* requirem5ts %all
 take effect ^u issuance4  #bjf4        
,hi/oric ,tax ,cr$it ,mod]nization ,n   
lat] ?an #ahj aft] ! date ( ! enactm5t (
 ?is section1 ! ,secret>y ( ! ,int]ior1 
act+ ?r\gh ! ,director ( ! ,national    
,p>k ,s]vice1 %all revise ! /&>ds =     
rehabilitation & accompany+ guidel9es   
us$ to det]m9e if ! rehabilitation ( a  
hi/oric prop]ty qualifies = ! ,f$]al    
,hi/oric ,pres]vation ,tax ,inc5tives   
program by provid+ own]s ( hi/oric      
comm]cial1 multi-/ory prop]ties ) great]
 flexibility 9 incorporat+ resid5tial   
dwell+ units on upp] floors t are n     
g5]ally accessible to ! public :ile     
reta9+ ! hi/oric *>act]i/ics (--  7#a7 !

 ext]ior ( ! prop]ty2 &  7#b7 ! areas ( 
! prop]ty g5]ally accessible to !       
public4  ,,iii ,l[-co/ ,f9anc+ =        
,af=dable ,h\s+ ,projects  #cja4 ,exp&+ 
,f$]al ,home ,loan ,bank ,contributions 
to ,af=dable ,h\s+ ,section #aj7;j77#e7 
( ! ,f$]al ,home ,loan ,bank ,act 7#ab  
,u4,s4,c4 #adcj7;j77#e77 is am5d$-- 7#a7
 9 subp>agraph 7,c71 by /rik+ 1 &       
subsequ5t ye>s & ins]t+ ?r\gh #bjbf2 &  
7#b7 by add+ at ! end ! foll[+3  7,d7 ,9
 #bjbg1 & subsequ5t ye>s1 #bj p]c5t ( ! 
prec$+ ye>'s net income4  4  #cjb4      
,cont9uation ( ,,fha-,,ffb af=dable     
r5tal h\s+ f9anc+ p>tn]%ip ,! ,secret>y 
( ,h\s+ & ,urban ,developm5t %all       
cont9ue to c>ry out ! ,,fha af=dable    
r5tal h\s+ f9anc+ p>tn]%ip ) ! ,f$]al   
,f9anc+ ,bank1 "u :i* su* ,bank provides
 f9anc+ = loans insur$ "u ! ,,fha       
,multifamily ,risk-,%>+ ,program "u     
section #edb ( ! ,h\s+ & ,community     
,developm5t ,act ( #aiib 7#ab ,u4,s4,c4 
#agjg71 & may ent] into su* new         
commitm5ts "u su* program dur+ fiscal   

ye> #bjbg & fiscal ye>s !reaft]1 subject
 to ! ov]all limitations provid$ 9 ?is  
,act on new commitm5ts to gu>antee loans
 insur$ "u ! ,g5]al & ,special ,risk    
,insurance ,funds1 z au?oriz$ by        
sections #bch & #eai ( ! ,national ,h\s+
 ,act 7#ab ,u4,s4,c4 #agaez-#c &        
#agce;c74  #cjc4 ,all[ ,,gses to pur*ase
 mezzan9e debt ,n lat] ?an #a ye> aft] !
 date ( ! enactm5t ( ?is ,act1 !        
,director ( ! ,f$]al ,h\s+ ,f9ance      
,ag5cy %all issue a f9al rule to p]mit !
 ,f$]al ,national ,mortgage ,association
 & ! ,f$]al ,home ,loan ,mortgage       
,corporation to pur*ase & securitize    
loans made = ! purpose ( home           
con/ruction4  ,,iv ,rural ,h\s+  #dja4  
,p]man5t e/abli%m5t ( h\s+ pres]vation &
 revitalization program2 dec\pl+ r5tal  
assi/ance ,title ,v ( ! ,h\s+ ,act (    
#aidi 7#db ,u4,s4,c4 #adga et seq47 is  
am5d$ by add+ at ! end ! foll[+ new     
section3  #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 #eae or bo?  
sections #ead & #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 #eae or bo? sections  
#ead & #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 ,= ea* prop]ty f9anc$ "u       
section #eae or bo? sections #ead &     
#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 ( ! date ( ! loan maturity1 !        
possible actions t may happ5 ) respect  
to ! prop]ty ^u t maturity1 & h[ to     
protect _! "r to reside 9 f$]ally assi/$

 h\s+ 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>y4  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 #bj-ye> t]m t is       
subject to annual appropriations1       
provid$ t ! own] agrees to br+ ! prop]ty
 up to or ma9ta9 ! prop]ty at 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  7,a7 ,9    
g5]al ,) 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,b7  
,unavailable prop]ty ,9 ! ev5t t a      
prop]ty is n available to provide       

additional r5tal assi/ance to h\seholds 
"u subp>agraph 7,a71 ! ,secret>y may (f]
 a rural h\s+ v\*] to ^? 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 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 = #bj ye>s4  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 matur+ loan = 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 #eba1 ! ,secret>y may r5ew !    
r5tal assi/ance contract1 not)/&+ any   
provision ( section #eba1 = a t]m1      
subject to annual appropriations1 ( #bj 
ye>s1 provid$ t ! own] ent]s into a     
re/rictive use agreem5t4  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 ! project1 ! ,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 ,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 9 accordance ) ?is title1    
except t r5ts %all be bas$ on ! less]   
(--  7,a7 ! budget-bas$ ne$s ( !        
project2 or  7,b7 ! op]at+ co/ adju/m5t 
factor z a paym5t /&>d z provid$ "u     
section #ebd ( ! ,multifamily ,assi/$   
,h\s+ ,re=m & ,af=dability ,act ( #aiig 
7#db ,u4,s4,c4 #adcg note74  7#d7       
,conditions = approval  7,a7 ,plan ,be=e
 ! approval ( a r5tal assi/ance contract
 au?oriz$ "u ?is section1 ! ,secret>y   
%all require ! 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
  7,b7 ,automatic approval ,if a plan   
submitt$ "u subp>agraph 7,a7 is n act$  
^u by ! ,secret>y )9 #cj days ( !       
submission1 ! r5tal assi/ance contract  

is automatically approv$ = n m ?an a    
#a-ye> p]iod4  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 ( su*         
multifamily h\s+ prop]ties 9 areas :]e !
 ,secret>y det]m9es !re is a risk ( loss
 ( af=dable h\s+4  7h7 ,transf] ( r5tal 
assi/ance ,aft] ! loan or loans = a     
r5tal project orig9ally f9anc$ "u       
section #eae or bo? sections #ead & #eaf
 h matur$ or h be5 prepaid & ! own] has 
*os5 n to re/ructure ! loan pursuant to 
subsection 7c7--  7#a7 a t5ant resid+ 9 
! project %all h #ah mon?s be=e loan    
maturation or prepaym5t to transf] !    
r5tal assi/ance assign$ to ! unit ( !   
t5ant to ano!r r5tal project orig9ally  
f9anc$ "u section #eae or bo? sections  
#ead & #eaf1 & su* t5ants w h priority =

 admission ov] o!r applicants2 &  7#b7 !
 own] ( ! initial project may r5t !     
previ\s unit ( ! t5ant to a new t5ant   
)\t income re/rictions4  7i7            
,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  7j7             
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ = ! program  
"u ?is section #bjj1jjj1jjj = ea* (     
fiscal ye>s #bjbg ?r\gh #bjca4  7k7     
,rulemak+  7#a7 ,9 g5]al ,n lat] ?an    
#ahj days aft] ! date ( enactm5t ( ?is  
section1 ! ,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 ( ?is        
section1 ! ,secret>y %all publi% an     
int]im f9al rule to c>ry out ?is        
section4  4  #djb4 ,int]ag5cy task =ce  
to coord9ate deliv]y ( sub/ance use     
disord] treatm5t & af=dable h\s+        

availability  7a7 ,e/abli%m5t ,!        
,secret>y ( ,h\s+ & ,urban ,developm5t &
 ! ,secret>y ( ,heal? & ,human ,s]vices 
%all jo9tly e/abli% an int]ag5cy task   
=ce to develop & make recomm5dations !  
,congress to bett] coord9ate deliv]y (  
treatm5t = sub/ance use disord] 9 an    
af=dable h\s+ sett+4  7b7 ,memb]s ,!    
,secret>y ( ,h\s+ & ,urban ,developm5t &
 ! ,secret>y ( ,heal? & ,human ,s]vices 
%all ea* appo9t #e memb]s to ! task =ce4
  7c7 ,report ,n lat] ?an ! expiration (
 ! #b-ye> p]iod beg9n+ on ! date ( !    
enactm5t ( ?is ,act1 ! task =ce %all    
submit a report to ! ,congress mak+     
recomm5dations on h[ to bett] coord9ate 
deliv]y ( treatm5t = sub/ance use       
disord] 9 an af=dable h\s+ sett+4  7d7  
,t]m9ation ,! task =ce %all t]m9ate #ij 
days aft] submission ( ! report requir$ 
"u subsection 7c74  #djc4 ,rural r5tal  
h\s+ loans ,!re is appropriat$ to !     
,secret>y ( ,agriculture #bjj1jjj1jjj = 
ea* ( ! fiscal ye>s #bjbg ?r\gh #bjcg = 
! program describ$ "u section #eae7;a7 (

 ! ,h\s+ ,act ( #aidi 7#db ,u4,s4,c4    
#adhe7;a774