,,ii #aaith ,,congress #ast ,session ,s4 #ccji ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,december #b1 #bjbe,mr4 ,gallego introduced the following bill2 which was read twice and referred to the ,committee on the ,judiciary ,a ,,bill ,to amend section #bjc7;b77#e7 of the ,immigration and ,nationality ,act to spur an increase in the supply of housing1 including low-income housing1 in the ,united ,states4 #a4 ,short title ,this ,act may be cited as the ,building ,housing for the ,american ,dream ,act4 #b4 ,incentives for ,,eb-#e visa petitions involving housing projects ,section #bjc7;b77#e7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 is amended-- 7#a7 in subparagraph 7,c77ii7-- 7,a7 in the subparagraph heading1 by striking and infrastructure projects and inserting 1 infrastructure projects1 and housing projects2 and 7,b7 by striking or in an infrastructure project and inserting 1 an infrastructure project1 or a housing project2 7#b7 in subparagraph 7,d7-- 7,a7 by redesignating clauses 7iv71 7v71 7vi71 7vii71 and 7viii7 as clauses 7v71 7vi71 7vii71 7viii71 and 7ix71 respectively2 7,b7 by inserting after clause 7iii7 the following3 7iv7 ,housing project ,the term housing project means any capital investment project for which an application has been filed or approved under subparagraph 7,f7 that includes1 as a primary component1 the production1 preservation1 or rehabilitation of rental housing or housing available for purchase only for use as a principal residence4 2 and 7#c7 in subparagraph 7,e7-- 7,a7 in clause 7ii7-- 7i7 by redesignating subclauses 7,,ii7 and 7,,iii7 as subclauses 7,,iii7 and 7,,iv71 respectively2 7ii7 by inserting after subparagraph 7,i7 the following3 7,,ii7 shall prioritize the processing and adjudication of applications for approval of an investment and associated petitions for housing projects that are acquired through a ,federal project-based assistance program1 including-- 7aa7 section #bjb of the ,housing ,act of #aiei 7#ab ,u4,s4,c4 #agjaq72 7bb7 section #acch of the ,federal ,housing ,enterprises ,financial ,safety and ,soundness ,act of #aiib 7#ab ,u4,s4,c4 #defh72 7cc7 section #db of the ,internal ,revenue ,code of #aihf2 7dd7 title ,i of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecja et seq472 7ee7 the ,,home ,investment ,partnerships ,act 7title ,,ii of ,public ,law #aja-fbe2 #db ,u4,s4,c4 #abgba et seq472 and 7ff7 section #aa of the ,housing ,opportunity ,program ,extension ,act of #aiif 7#db ,u4,s4,c4 #abhje note74 2 and 7iii7 in subclause 7,,iii71 as redesignated1 by inserting subject to subclauses 7,i7 and 7,,ii7 before may process2 and 7,b7 by adding at the end the following3 7viii7 ,consultation and hiring ,in reviewing applications for approval of an investment and associated petitions under this paragraph for housing projects1 the ,secretary may consult with the ,secretary of ,housing and ,urban ,development and hire such staff as may be necessary to effectively review and adjudicate such applications and associated petitions4 4 #c4 ,paperwork ,reduction ,act exemption ,during the #a-year period beginning on the date of the enactment of this ,act1 the requirements under chapter #ce of title #dd1 ,united ,states ,code1 shall not apply to the collection of information required under this ,act1 any amendment made by this ,act1 or any rule promulgated by the ,secretary of ,homeland ,security to implement this ,act or the amendments made by this ,act1 to the extent the ,secretary determines that compliance with such requirements would impede the expeditious implementation of this ,act or the amendments made by this ,act4 #d4 ,annual report ,not later than #a year after the date of the enactment of this ,act1 and annually thereafter1 the ,secretary of ,homeland ,security shall submit a report to ,congress that includes1 with respect to the previous #ab-month period-- 7#a7 the number of applications for approval of an investment and associated petitions submitted by eligible investors for housing projects pursuant to section #bjc7;b77#e7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e771 as amended by section #b2 7#b7 the number of such applications and associated petitions that were approved2 7#c7 the country of origin of eligible investors who submit petitions described in paragraph 7#a72 7#d7 the aggregate number of housing units to be constructed for all housing projects included in approved applications under section #bjc7;b77#e77;,f7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77;,f772 7#e7 an assessment of any regulatory1 programmatic1 or other barriers that may prevent or hinder financing described in section #bjc7;b77#e7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 for housing development1 including for small and local developers2 7#f7 an assessment of the impact of the amendments made by section #b on the number of applications and associated petitions described in paragraph 7#b7 received by the ,secretary of ,homeland ,security2 and 7#g7 additional authorities needed by the ,department of ,homeland ,security to better incentivize immigrant investments in housing projects2 #e4 ,government ,accountability ,office report ,not later than #c years after the date of the enactment of this ,act1 and every #c years thereafter for the following #i years1 the ,comptroller ,general of the ,united ,states shall-- 7#a7 review the reports submitted pursuant to section #d to determine the effectiveness of the amendments made by section #b on increasing immigrant investments in housing projects 7as defined in section #bjc7;b77#e77;,d77iv7 of the ,immigration and ,nationality ,act1 as amended by section #b72 and 7#b7 submit a report to the ,committee on the ,judiciary of the ,senate1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 the ,committee on the ,judiciary of the ,house of ,representatives1 and the ,committee on ,financial ,services of the ,house of ,representatives that describes the results of the review conducted pursuant to paragraph 7#a74