I 

116TH CONGRESS 

1ST SESSION H. R. 5455 

To require sales and leases of assets of public housing projects to financially 

benefit the residents of such public housing project and the budget 

of the public housing agency that owns such public housing project, 

and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 17, 2019 

Mrs. CAROLYN B. MALONEY of New York introduced the following bill; which 

was referred to the Committee on Financial Services 

A BILL 

To require sales and leases of assets of public housing 

projects to financially benefit the residents of such public 

housing project and the budget of the public housing 

agency that owns such public housing project, and for 

other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Public Housing Resi5 dents Protection Act of 2019’’. 


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1 SEC. 2. PUBLIC HOUSING AGENCY SALE OR LEASE OF PHA 

2 ASSETS. 

3 (a) IN GENERAL.—Section 9 of the United States 

4 Housing Act of 1937 (42 U.S.C. 1437g) is amended by 

5 adding at the end the following: 

6 ‘‘(p) SALE OR LEASE OF ASSETS.—If a public hous7 ing agency sells or leases any asset (including roof space 

8 or parking) of a public housing project owned by such pub9 lic housing agency, such public housing agency shall— 

10 ‘‘(1) ensure that such sale or lease financially 

11 benefits, as determined by a cost-benefit analysis 

12 that is conducted using generally accepted account13 ing standards and is made publicly available— 

14 ‘‘(A) the residents of such public housing 

15 project; and 

16 ‘‘(B) the budget of the public housing 

17 agency; 

18 ‘‘(2) if the buyer or lessee of such asset intends 

19 to derive a product or services from such asset, re20 quire the buyer or lessee of such asset to first offer 

21 such product or service derived from such asset to 

22 the residents of the public housing project, and pro23 vide the product or services to those residents who 

24 accept the offer before offering the product or serv25 ice to non-residents; 


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1 ‘‘(3) make available publicly, not later than 30 

2 days before such sale or lease, information sufficient 

3 to demonstrate compliance with paragraphs (1) and 

4 (2) of this subsection; and 

5 ‘‘(4) not later than 1 year after the sale or 

6 lease, submit to the Secretary a report that de7 scribes how the sale or lease complies with this sub8 section.’’. 

9 (b) PHA ANNUAL PLAN.—Section 5A(d) of the 

10 United States Housing Act of 1937 (42 U.S.C. 1437c– 

11 1(d)) is amended— 

12 (1) by redesignating paragraph (19) as para13 graph (20); and 

14 (2) by inserting after paragraph (18) the fol15 lowing: 

16 ‘‘(19) SALE OR LEASE OF ASSETS.—With re17 gard to any assets of any public housing project 

18 owned by the public housing agency that the public 

19 housing agency intends to sell or lease in the upcom20 ing year— 

21 ‘‘(A) a description of the asset; 

22 ‘‘(B) a description of the proposed terms 

23 of the sale or lease, if possible; and 

24 ‘‘(C) a description of how the lease or sale 

25 will comply with section 9(p), including how 


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1 such sale or lease financially benefits, as deter2 mined by a cost-benefit analysis that is con3 ducted using generally accepted accounting 

4 standards, the residents of the public housing 

5 project and the budget of the public housing 

6 agency.’’. 

7 (c) RULE OF CONSTRUCTION.—This section and the 

8 amendments made by this section may not be construed 

9 to authorize or encourage the sale or lease of any public 

10 housing asset. 

Æ 


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