,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bcfc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ba1 #bjbe,mr4   
,s*atz 7= himself & ,mr4 ,banks7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d title #di1 ,unit$      
,/ates ,code1 to include af=dable h\s+  
inc5tives 9 c]ta9 capital inve/m5t      
grants1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,build  
,m ,h\s+ ,ne> ,transit ,act ( #bjbe4    
#b4 ,af=dable h\s+ inc5tives 9 capital  
inve/m5t grants ,section #ecji ( title  
#di1 ,unit$ ,/ates ,code1 is am5d$--    
7#a7 9 subsection 7a7-- 7,a7 by         
r$esignat+ p>agraph 7#f7 z p>agraph     
7#g72 &  7,b7 by ins]t+ aft] p>agraph   
7#e7 ! foll[+3  7#f7 ,pro-h\s+ policy ,!
 t]m pro-h\s+ policy-- 7,a7 means any   
,/ate or local action t w remove        
regulatory b>ri]s to ! con/ruction or   
pres]vation ( h\s+ units1 includ+       
af=dable h\s+ units2 &  7,b7 %all       

include any ,/ate or local action t--   
7i7 r$uces or elim9ates p>k+ m9imums2   
7ii7 e/abli%es a by-"r approval process 
= multi-family h\s+ "u :i* l& use       
developm5t approval is limit$ to det]m9+
 t ! developm5t meets objective zon+ &  
design /&>ds t-- 7,i7 involve no        
subjective judgm5t by a public (ficial2 
7,,ii7 are uni=mly v]ifiable by ref]5ce 
to an ext]nal & uni=m b5*m>k or crit]ion
 available to bo? ! l& use develop] & ! 
public (ficial prior to submission2 &   
7,,iii7 include only su* /&>ds z are    
publi%$ & adopt$ by ord9ance or         
resolution by a jurisdiction be=e       
submission ( a developm5t application2  
7iii7 r$uces or elim9ates m9imum lot    
sizes2  7iv7 commits sub/antial         
publicly-held real prop]ty to !         
developm5t or pres]vation ( h\s+ t      
includes a sub/antial numb] ( dwell+    
units af=dable to l[-income h\seholds2  
or  7v7 elim9ates or raises resid5tial  
prop]ty height limits or increases !    
numb] ( dwell+ units p]mitt$ to be      

con/ruct$ "u a by-"r approval process2 &
  7vi7 c>ries out o!r policies z det]m9$
 by ! ,secret>y1 9 consultation ) !     
,secret>y ( ,h\s+ & ,urban ,developm5t4 
2  7#b7 9 subsection 7g77#b71 by add+ at
 ! end ! foll[+3  7,d7 ,eligibility =   
adju/m5t ( rat+ = project ju/ification  
crit]ia = pro-h\s+ policies ,9 evaluat+ 
& rat+ a project z a :ole = project     
ju/ification "u subp>agraph 7,a71 !     
,secret>y may increase #a po9t on !     
#e-po9t scale 7high1 m$ium-high1 m$ium1 
m$ium-l[1 or l[7 ! rat+ ( a project if !
 applicant submits docum5t$ evid5ce (   
pro-h\s+ policies = areas locat$ )9     
walk+ di/ance (1 & accessible to1       
transit facilities along ! project r\te4
  7,e7 ,consultation ,9 aw>d+ ! increas$
 rat+ describ$ 9 subp>agraph 7,d71 !    
,secret>y %all consult ) ! ,secret>y (  
,h\s+ & ,urban ,developm5t to develop ! 
me?odology to evaluate1 z feasible1 !   
ext5t to :i* ! pro-h\s+ policies        
docum5t$ by ! applicant w result1 ?r\gh 
new production & pres]vation1 9 an am\nt

 ( h\s+ units1 includ+ h\s+ units       
af=dable bel[ ! area m$ian income1 t is 
appropriate to expect$ h\s+ dem& 9 !    
project area ov] ! life ( ! project4  2 
&  7#c7 9 subsection 7o7-- 7,a7 9       
p>agraph 7#a7-- 7i7 9 subp>agraph 7,b71 
by /rik+ & at ! end2  7ii7 9 subp>agraph
 7,c71 by /rik+ ! p]iod at ! end &      
ins]t+ 2 &2 &  7iii7 by add+ at ! end ! 
foll[+3  7,d7 in=mation conc]n+ projects
 = :i* ! applicant submitt$ pro-h\s+    
policies "u subsection 7g77#b77;,d7 &   
receiv$ an adju/m5t ( rat+ = project    
ju/ification1 includ+ ! pro-h\s+        
policies submitt$ & ! am\nt ( h\s+ units
 expect$ ?r\gh new production &         
pres]vation1 includ+ af=dable h\s+1 z a 
result ( ! expect$ results ( ! policies1
 z measur$ "u subsection 7g77#b77;,e74  
4