,,ii #aai? ,,congress #a/ ,session ,s4 #bdda ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #bd1 #bjbe,mr4 ,k5n$y 7= himself & ,ms4 ,w>r57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to provide = adju/m5ts to community developm5t block grant allocations bas$ on improvem5ts 9 h\s+ gr[? rates4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,build ,n[ ,act ( #bjbe4 #b4 ,def9itions ,9 ?is ,act3 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 natural r5tal vacancy rate 9 ! jurisdiction ( ! cov]$ recipi5t is great] ?an ! national annual natural 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 ! curr5t annual gr[? rate ( ! eligible recipi5t2 & 7,b7 ! 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 #c4 ,adju/m5ts to community developm5t block grant allocations 7a7 ,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 ) subsection 7b7 ( ?is section4 7b7 ,adju/m5ts 7#a7 ,h\s+ gr[? improvem5t rate at or above m$ian2 extremely high-gr[? recipi5ts 7,a7 ,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 subp>agraph 7,b7 ( ?is p>agraph4 7,b7 ,bonus am\nt ,= purposes ( subp>agraph 7,a71 ! bonus am\nt = an eligible recipi5t = a fiscal ye> %all be equal to ! product (-- 7i7 ! aggregate am\nt by :i* allocations to eligible recipi5ts are decreas$ "u p>agraph 7#b7 = t fiscal ye>2 & 7ii7 ! quoti5t (-- 7,i7 ! numb] ( h\s+ units1 z ( ! ?ird qu>t] ( ! prec$+ fiscal ye>1 9 ! jurisdiction ( ! eligible recipi5t1 z calculat$ by ! ,secret>y2 & 7,,ii7 ! 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 #d4 ,calculation ( h\s+ units 7a7 ,,hud requirem5ts ,9 calculat+ ! numb] ( h\s+ units 9 ! jurisdiction ( an eligible recipi5t "u any provision ( ?is ,act1 ! ,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 7b7 ,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 subsection 7a74 7c7 ,adju/m5t ( calculation p]iods ,! ,secret>y may adju/ ! calculation p]iods "u subp>agraphs 7,a7 & 7,b7 ( section #b7b71 subp>agraphs 7,a7 & 7,b7 ( section #b7f71 & subclauses 7,i7 & 7,,ii7 ( section #c7;b77#a77;,b77ii7 by n m ?an #b mon?s to a*ieve alignm5t ) ! data provid$ by ! ,bureau ( ! ,c5sus4 #e4 ,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 section #c7;b77#a72 & 7,b7 ! eligible recipi5ts = :i* ! allocation "u section #ajf 0 decreas$ "u section #c7;b77#b7 ( ?is ,act4 #f4 ,notification2 implem5tation dates 7a7 ,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$ian h\s+ gr[? improvem5t rate = all eligible recipi5ts o!r ?an extremely high-gr[? recipi5ts4 7#b7 ,guidance ,z "p ( ! notification "u p>agraph 7#a71 ! ,secret>y %all %>e guidance1 includ+ res\rces develop$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 on be/ practices & recomm5dations on policies to r$uce regulatory b>ri]s to h\s+ & increase h\s+ supply4 7b7 ,implem5tation dates ,section #c %all take effect beg9n+ ) ! second full fiscal ye> aft] ! date ( enactm5t ( ?is ,act & rema9 9 effect ?r\gh fiscal ye> #bjdb4