,,ii  #aai? ,,congress  #a/ ,session    
,s4 #cjfg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #bh1 #bjbe ,ms4
 ,w>r5 7= h]self & ,mr4 ,w>nock7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to e/abli% a grant program to  
increase ! local h\s+ supply1 & = o!r   
purposes4  #a4  ,%ort title  ,?is ,act  
may be cit$ z ! ,innovation ,fund ,act4 
#b4  ,innovation ,fund  7a7  ,def9itions
  ,9 ?is section3 7#a7 ,atta9able h\s+  
,! t]m atta9able h\s+ means h\s+ t--    
7,a7 s]ves-- 7i7 a majority ( h\seholds 
) income n great] ?an #hj p]c5t ( area  
m$ian income2 &  7ii7 h\seholds ) income
 n great] ?an #ajj p]c5t ( area m$ian   
income2 or  7,b7 s]ves-- 7i7 a majority 
( h\seholds ) income n great] ?an #fj   
p]c5t ( area m$ian income2 &  7ii7      
h\seholds ) income n great] ?an #abj    
p]c5t ( area m$ian income4  7#b7        
,eligible entity  ,! t]m eligible entity
 means-- 7,a7 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 has demon/rat$ an objective   
improvem5t 9 h\s+ supply gr[?1 z det]m9$
 by ! ,secret>y1 ^: me?odology = det]m9+
 su* gr[? is publi%$ 9 ! ,f$]al ,regi/] 
to all[ = public comm5t n less ?an #ij  
days be=e date on :i* ! notice ( fund+  
opportunity is made available2 or  7,b7 
a unit ( g5]al local gov]nm5t or ,indian
 tribe1 z ^? t]ms are def9$ 9 section   
#ajb ( ! ,h\s+ & ,community ,developm5t 
,act ( #aigd 7#db ,u4,s4,c4 #ecjb71 t   
has demon/rat$ an objective improvem5t 9
 h\s+ supply gr[?1 z det]m9$ by !       
,secret>y1 ^: me?odology = det]m9+ su*  
improvem5t is publi%$ 9 ! ,f$]al ,regi/]
 to all[ = public comm5t n less ?an #ij 
days be=e ! date on :i* ! notice ( fund+
 opportunity is made available4  7#c7   
,secret>y  ,! t]m ,secret>y means !     
,secret>y ( ,h\s+ & ,urban ,developm5t4 
7b7  ,e/abli%m5t ( a grant program  7#a7
  ,e/abli%m5t  ,n lat] ?an #a ye> aft] !

 date ( enactm5t ( ?is ,act1 ! ,secret>y
 %all e/abli% a program to aw>d grants  
on a competitive basis to eligible      
entities t h increas$ _! local h\s+     
supply4  7#b7  ,li/ ( eligible entities 
,! ,secret>y %all make a li/ ( eligible 
entities publicly available on ! website
 ( ! ,dep>tm5t ( ,h\s+ & ,urban         
,developm5t4  7#c7  ,eligible purposes  
,an eligible entity receiv+ a grant "u  
?is section may use funds to--  7,a7    
c>ry out any ( ! activities describ$ 9  
section #aje ( ! ,h\s+ & ,community     
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecje72  7,b7 c>ry out any ( !          
activities p]mitt$ "u ! ,local &        
,regional ,project ,assi/ance ,program  
e/abli%$ "u section #fgjb ( title #di1  
,unit$ ,/ates ,code2  7,c7 s]ve z mat*+ 
funds "u a ,/ate revolv+ fund program   
relat$ to a clean wat] or dr9k+ wat]    
program adm9i/]$ by ! ,environm5tal     
,protection ,ag5cy 9 :i* ! eligible     
entity is ! grantee "u t program1 unless
 o!rwise det]m9$ by ! ,secret>y2 &  7,d7

 c>ry out initiatives ( ! eligible      
entity t facilitate ! expansion ( !     
supply ( atta9able h\s+ & t supplem5t   
initiatives ! eligible entity has c>ri$ 
out1 or is 9 ! process ( c>ry+ out1 z   
specifi$ 9 ! application submitt$ "u    
p>agraph 7#d74  7#d7  ,application  7,a7
  ,9 g5]al  ,an eligible entity seek+ a 
grant "u ?is section %all submit to !   
,secret>y an application t provides--   
7i7 a description ( ea* purpose = :i* ! 
eligible entity w use ! grant1 & an     
atte/ation t ! grant w be us$ only = #a 
or m eligible purposes describ$ 9       
p>agraph 7#c72  7ii7 data on *>act]i/ics
 ( increas$ h\s+ supply dur+ ! #c-ye>   
p]iod end+ on ! date on :i* !           
application is submitt$1 :i* may include
 :e!r su* h\s+--  7,i7 s]ves h\seholds  
at a range ( income levels2 &  7,,ii7   
has improv$ ! quality & af=dability (   
h\s+ 9 ! jurisdiction ( ! eligible      
entity2  7iii7 a description ( h[ ea*   
eligible purpose describ$ 9 clause 7i7  
may address a community ne$ or advance  

an objective1 or an aspect ( an         
objective1 includ$ 9 ! compreh5sive h\s+
 af=dability /rategy & community        
developm5t plan ( ! eligible entity "u  
"p #ia ( title #bd1 ,code ( ,f$]al      
,regulations1 or any successor          
regulation 7commonly ref]r$ to z a      
consolidat$ plan72 &  7iv7 a description
 ( h[ ! eligible entity has c>ri$ out1  
or is 9 ! process ( c>ry+ out1          
initiatives t facilitate ! expansion ( !
 supply ( h\s+4  7,b7  ,initiatives     
,initiatives t meet ! crit]ia describ$ 9
 p>agraph 7#c77;,d7 include--  7i7      
increas+ by-"r uses1 includ+ duplex1    
triplex1 quadplex1 & multifamily        
build+s1 9 areas ( opportunity2  7ii7   
revis+ or elim9at+ (f-/reet p>k+        
requirem5ts to r$uce ! co/ ( h\s+       
production2  7iii7 revis+ m9imum lot    
size requirem5ts1 floor area ratio      
requirem5ts1 set-back requirem5ts1      
build+ heights1 & bans or limits on     
con/ruction to all[ = d5s] & m af=dable 
developm5t2  7iv7 in/itut+ inc5tives to 

promote d5se developm5t2  7v7 pass+ zon+
 ov]lays or o!r ord9ances t enable !    
developm5t ( mix$-income h\s+2  7vi7    
/reaml9+ regulatory requirem5ts & %ort5+
 processes1 increas+ code en=cem5t &    
p]mitt+ capacity1 re=m+ zon+ codes1 or  
o!r initiatives t r$uce b>ri]s to       
increas+ h\s+ supply & af=dability2     
7vii7 elim9at+ re/rictions aga9/        
accessory dwell+ units & exp&+ _! by-"r 
use2  7viii7 us+ local tax inc5tives or 
public f9anc+ to promote developm5t (   
atta9able h\s+2  7ix7 /reaml9+          
environm5tal regulations2  7x7 elim9at+ 
unnecess>y manufactur$-h\s+ regulations 
& re/rictions2  7xi7 m9imiz+ ! impact ( 
ov]burd5some en]gy & wat] effici5cy     
/&>ds on h\s+ co/s2 &  7xii7 o!r        
activities t r$uce co/ ( con/ruction1 z 
det]m9$ by ! ,secret>y4  7#e7  ,grants  
7,a7  ,9 g5]al  ,! ,secret>y %all make n
 few] ?an #be grants on an annual basis 
7unless am\nts appropriat$ to provide   
grant am\nts consi/5t ) subsection 7b7  
are insuffici5t1 9 :i* case few] grants 

may be aw>d$71 ) /rong consid]ation (   
diff]5t geographical areas & a          
relatively ev5 spread ( rural1 suburban1
 & urban communities4  7,b7             
,limitations on aw>ds  ,no grant aw>d$  
"u ?is p>agraph may be-- 7i7 m ?an      
#aj1jjj1jjj2 or  7ii7 less ?an #bej1jjj4
  7,c7 ,priority ,:5 aw>d+ grants "u ?is
 p>agraph1 ! ,secret>y %all give        
priority to an eligible entity t has--  
7i7 demon/rat$ ! use ( innovative       
policies1 int]v5tions1 or programs =    
increas+ h\s+ supply1 includ+ adoption (
 any ( ! frameworks develop$ "u section 
#bjc2 &  7ii7 demon/rat$ a m>k$         
improvem5t 9 h\s+ supply gr[?4  7,d7    
,grant adm9i/ration & t]ms ,projects    
assi/$ "u ?is section = activities      
describ$ 9 sector #bc ( ! ,nor? ,am]ican
 ,indu/ry ,classification ,sy/em %all be
 treat$ z projects assi/$ "u !          
,community ,developm5t ,block ,grant    
program "u title ,i ( ! ,h\s+ &         
,community ,developm5t ,act ( #aigd 7#db
 ,u4,s4,c4 #ecja et seq474  7c7  ,rules 

( con/ruction  ,no?+ 9 ?is section %all 
be con/ru$--  7#a7 to au?orize !        
,secret>y to m&ate1 sup]s$e1 or preempt 
any local zon+ or l& use policy2 or     
7#b7 to affect ! requirem5ts ( section  
#aje7;c77#a7 ( ! ,cran/on-,gonzalez     
,national ,af=dable ,h\s+ ,act 7#db     
,u4,s4,c4 #abgje7;c77#a774  7d7         
,au?orization ( appropriations  7#a7  ,9
 g5]al  ,!re is au?oriz$ to be          
appropriat$ to c>ry out ?is section     
#bjj1jjj1jjj = ea* ( fiscal ye>s #bjbg  
?r\gh #bjca4  7#b7  ,adju/m5t  ,! am\nt 
au?oriz$ to be appropriat$ "u p>agraph  
7#a7 %all be adju/$ = inflation bas$ on 
! ,consum] ,price ,index4