I 

118TH CONGRESS 

2D SESSION H. R. 7325 

To address the housing crisis through bold investments to increase and 

preserve the national affordable housing supply, paths to homeownership, 

and perpetual affordability through shared equity housing and community 

land trust models, investigating landlord price fixing, and providing relief 

for rural renters, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 13, 2024 

Ms. BALINT (for herself, Mr. GOMEZ, Mr. DAVIS of Illinois, Mr. GARCI ́A of 

Illinois, Mr. GOLDMAN of New York, Mr. JOHNSON of Georgia, Mr. 

JACKSON of Illinois, Ms. LEE of Pennsylvania, Ms. MOORE of Wisconsin, 

Mr. MULLIN, Ms. NORTON, Ms. OCASIO-CORTEZ, Ms. OMAR, Mrs. RAMIREZ, Ms. SA ́NCHEZ, Ms. SCHAKOWSKY, Mr. SMITH of Washington, Ms. 

STANSBURY, Mr. THANEDAR, Ms. TLAIB, Ms. TOKUDA, Ms. UNDERWOOD, Mrs. WATSON COLEMAN, Ms. PORTER, and Mr. POCAN) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for 

a period to be subsequently determined by the Speaker, in each case for 

consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To address the housing crisis through bold investments to 

increase and preserve the national affordable housing 

supply, paths to homeownership, and perpetual affordability through shared equity housing and community 

land trust models, investigating landlord price fixing, 

and providing relief for rural renters, and for other purposes. 


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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; TABLE OF CONTENTS. 

4 (a) SHORT TITLE.—This Act may be cited as the 

5 ‘‘Community Housing Act of 2024’’. 

6 (b) TABLE OF CONTENTS.—The table of contents for 

7 this Act is as follows: 

Sec. 1. Short title; table of contents. 

Sec. 2. Congressional findings. 

Sec. 3. Severability. 

TITLE I—INVESTMENTS IN HOUSING SUPPLY 

Sec. 101. Housing Trust Fund. 

Sec. 102. GSE basis point fee. 

Sec. 103. Capital Magnet Fund. 

Sec. 104. Investments in affordable and accessible housing production. 

Sec. 105. Unlocking possibilities program. 

Sec. 106. Shared Equity Housing Fund. 

Sec. 107. Repeal of Faircloth amendment. 

Sec. 108. Establishment of HUD Office of Community Land Use and Zoning. 

Sec. 109. Continuation of FHA–FFB affordable rental housing financing partnership. 

Sec. 110. Increase of minimum State allocations under housing programs. 

TITLE II—RENTAL SUPPORT AND PERPETUAL AFFORDABILITY 

Sec. 201. Permanent emergency rental assistance program. 

Sec. 202. HUD Eviction Protection Grant Program. 

Sec. 203. Shared equity housing resources. 

Sec. 204. Homeownership assistance. 

Sec. 205. Report on tax on secondary homes. 

Sec. 206. National housing information database. 

TITLE III—RURAL HOUSING 

Sec. 301. Permanent establishment of housing preservation and revitalization 

program; decoupling rental assistance. 

Sec. 302. Interagency Task Force to coordinate delivery of substance use disorder treatment and affordable housing availability. 

8 SEC. 2. CONGRESSIONAL FINDINGS. 

9 The Congress finds that— 


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1 (1) the cost of housing for all Americans has 

2 increased dramatically and wages have not kept pace 

3 with these increases over the last 50 years; 

4 (2) average rent in the United States has in5 creased 24 percent between 2020 and 2023; 

6 (3) more than half of low- and moderate-income 

7 borrowers now spend between 30 and 50 percent of 

8 their income on mortgage payments; 

9 (4) rental housing subsidized by the Rural 

10 Housing Service (RHS) of the Department of Agri11 culture is often the only affordable option in rural 

12 communities; 

13 (5) more than half of extremely low-income 

14 rural renters experience housing insecurity; 

15 (6) the Housing Trust Fund (HTF) provides a 

16 dedicated, permanent source of funding for afford17 able housing; 

18 (7) the HTF is an important source of gap fi19 nancing for State housing finance agencies, used 

20 along with tax credits and the HOME Investment 

21 Partnership program (HOME); 

22 (8) the Capital Magnet Fund (CMF) provides 

23 funding to nonprofits and Community Development 

24 Financial Institutions (CDFIs) to expand financing 

25 for the development, rehabilitation, and purchase of 


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1 affordable housing and other related economic devel2 opment projects in distressed communities; 

3 (9) the HTF and CMF are funded through con4 tributions from the Government-sponsored enter5 prises (GSEs) Fannie Mae and Freddie Mac; 

6 (10) the GSEs are required to annually set 

7 aside an amount equal to 4.2 basis points for each 

8 dollar of the unpaid principal balance of their total 

9 new business purchases to support the affordable 

10 housing programs; 

11 (11) in 2023, receipts from the GSE set aside 

12 dropped significantly due to shifting market condi13 tions; 

14 (12) the HOME program is used, in combina15 tion with housing tax credits, by State housing fi16 nance agencies to build affordable rental housing; 

17 (13) the HOME program is also the primary 

18 Federal resource for the construction of affordable 

19 family homes; 

20 (14) despite its importance and effectiveness, 

21 the HOME program has not been adequately funded 

22 in relation to increasing costs associated with single 

23 family and multifamily housing construction; 

24 (15) restrictive land use regulations dispropor25 tionately affect low- and moderate-income families 


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1 by limiting the availability of quality affordable 

2 housing and driving up the costs of existing housing; 

3 (16) President Biden has proposed the 

4 Unlocking Possibilities program, a competitive grant 

5 program to help States and localities eliminate need6 less barriers to affordable housing production, in7 cluding permitting for manufactured housing com8 munities; 

9 (17) almost 2 million people in the United 

10 States live in public housing; 

11 (18) public housing agencies are unnecessarily 

12 prohibited from increasing their number of public 

13 housing units above the total they had in 1992 

14 under a provision of law commonly referred to as the 

15 ‘‘Faircloth limit’’; 

16 (19) community land trust or shared equity 

17 programs are crucial for ensuring perpetual housing 

18 affordability; 

19 (20) community land trusts or related shared 

20 equity housing programs have established legal 

21 frameworks to keep homes affordable for more than 

22 30 years; 

23 (21) there are over 300 community land trust 

24 entities in the United States encompassing 43,931 

25 housing units; 


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1 (22) 44 percent of all shared equity dwelling 

2 units are rental units; 

3 (23) a reported 45 percent of shared equity 

4 homeowners are people of color; 

5 (24) many shared equity housing organizations 

6 include a commitment to racial and ethnic diversity 

7 in their organizational and operational practices; 

8 (25) the Emergency Rental Assistance Program 

9 (ERAP), established during the COVID–19 pan10 demic, provided rental and utility assistance to more 

11 than 5 million households; 

12 (26) these funds protected renters and land13 lords and have demonstrated the need for a perma14 nent emergency rental assistance program; 

15 (27) analysis shows that daily eviction rates fell 

16 dramatically due to the ERAP; 

17 (28) State and local public developers are inno18 vating new ways to finance and cross-subsidize the 

19 creation of affordable mixed income public housing 

20 without depending on the use of scarce low-income 

21 housing tax credits; and 

22 (29) State and Federal antitrust enforcers 

23 would benefit from greater visibility into use of real 

24 estate and property management software to stem 


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1 anti-competitive price fixing in the rental housing 

2 markets. 

3 SEC. 3. SEVERABILITY. 

4 If any provision of this Act, any amendment made 

5 by this Act, or the application of any such provision or 

6 amendment to any person or circumstance is held to be 

7 unconstitutional, the remainder of this Act and of the 

8 amendments made by this Act, and the application of the 

9 remaining provisions of this Act and amendments to any 

10 person or circumstance shall not be affected. 

11 TITLE I—INVESTMENTS IN 

12 HOUSING SUPPLY 

13 SEC. 101. HOUSING TRUST FUND. 

14 Section 1338(a) of the Federal Housing Enterprises 

15 Financial Safety and Soundness Act of 1992 (12 U.S.C. 

16 4568(a)) is amended by adding at the end the following: 

17 ‘‘(3) APPROPRIATION.—In addition to amounts 

18 otherwise made available, there is appropriated to 

19 the Housing Trust Fund, out of any money in the 

20 Treasury not otherwise appropriated, 

21 $44,500,000,000 for each of fiscal years 2024 

22 through 2033.’’. 


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1 SEC. 102. GSE BASIS POINT FEE. 

2 Section 1337(a) of the Federal Housing Enterprises 

3 Financial Safety and Soundness Act of 1992 (12 U.S.C. 

4 4567) is amended— 

5 (1) in paragraph (1)(A), by striking ‘‘4.2 basis 

6 points’’ and inserting ‘‘10 basis points’’; and 

7 (2) in paragraph (2)(A), by striking ‘‘4.2 basis 

8 points’’ and inserting ‘‘10 basis points’’. 

9 SEC. 103. CAPITAL MAGNET FUND. 

10 Section 1339 of the Federal Housing Enterprises Fi11 nancial Safety and Soundness Act of 1992 (12 U.S.C. 

12 4569) is amended by adding at the end the following: 

13 ‘‘(k) APPROPRIATION.—In addition to amounts oth14 erwise made available, there is appropriated to the Capital 

15 Magnet Fund, out of any money in the Treasury not oth16 erwise appropriated, $1,500,000,000 for each of fiscal 

17 years 2024 through 2033.’’. 

18 SEC. 104. INVESTMENTS IN AFFORDABLE AND ACCESSIBLE 

19 HOUSING PRODUCTION. 

20 (a) APPROPRIATION.—In addition to amounts other21 wise made available, there is appropriated to the Secretary 

22 of Housing and Urban Development (in this section re23 ferred to as the ‘‘Secretary’’) for fiscal year 2024, out of 

24 any money in the Treasury not otherwise appropriated— 

25 (1) $9,925,000,000, to remain available until 

26 September 30, 2028, for activities and assistance for 


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1 the HOME Investment Partnerships Program (in 

2 this section referred to as the ‘‘HOME program’’), 

3 as authorized under sections 241 through 242, 244 

4 through 253, 255 through 256, and 281 through 

5 290 of the Cranston-Gonzalez National Affordable 

6 Housing Act (42 U.S.C. 12741–12742, 42 U.S.C. 

7 12744–12753, 42 U.S.C. 12755–12756, 42 U.S.C. 

8 12831–12840) (in this section referred to as 

9 ‘‘NAHA’’), subject to the terms and conditions para10 graph (1)(A) of subsection (b); 

11 (2) $14,925,000,000, to remain available until 

12 September 30, 2028, for activities and assistance for 

13 the HOME Investment Partnerships Program, as 

14 authorized under sections 241 through 242, 244 

15 through 253, 255 through 256, and 281 through 

16 290 of the Cranston-Gonzalez National Affordable 

17 Housing Act (42 U.S.C. 12741–12742, 42 U.S.C. 

18 12744–12753, 42 U.S.C. 12755–12756, 42 U.S.C. 

19 12831–12840), subject to the terms and conditions 

20 in paragraphs (1)(B) and (2) of subsection (b); 

21 (3) $50,000,000, to remain available until Sep22 tember 30, 2033, to make new awards or increase 

23 prior awards to existing technical assistance pro24 viders to provide an increase in capacity building 

25 and technical assistance available to any grantees 


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1 implementing activities or projects consistent with 

2 this section; and 

3 (4) $100,000,000, to remain available until 

4 September 30, 2033, for the costs to the Secretary 

5 of administering and overseeing the implementation 

6 of this section and the HOME and Housing Trust 

7 Fund programs generally, including information 

8 technology, financial reporting, research and evalua9 tions, and other cross-program costs in support of 

10 programs administered by the Secretary in this title, 

11 and other costs. 

12 (b) TERMS AND CONDITIONS.— 

13 (1) FORMULAS.— 

14 (A) The Secretary shall allocate amounts 

15 made available under subsection (a)(1) pursu16 ant to section 217 of NAHA (42 U.S.C. 12747) 

17 to grantees that received allocations pursuant 

18 to that same formula in fiscal year 2023 and 

19 shall make such allocations within 60 days of 

20 the enactment of this Act. 

21 (B) The Secretary shall allocate amounts 

22 made available under subsection (a)(2) pursu23 ant to the formula specified in section 

24 1338(c)(3) of the Federal Housing Enterprises 

25 Financial Safety and Soundness Act of 1992 


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1 (12 U.S.C. 4568(c)(3)) to grantees that re2 ceived Housing Trust Fund allocations pursu3 ant to that same formula in fiscal year 2023 

4 and shall make such allocations within 60 days 

5 of the date of the enactment of this Act. 

6 (2) ELIGIBLE ACTIVITIES.—Other than as pro7 vided in paragraph (5) of this subsection, funds 

8 made available under subsection (a)(2) may only be 

9 used for eligible activities described in subpara10 graphs (A) through (B)(i) of section 1338(c)(7) of 

11 the Federal Housing Enterprises Financial Safety 

12 and Soundness Act of 1992 (12 U.S.C. 4568(c)(7)), 

13 except that not more than 10 percent of funds made 

14 available may be used for activities under such sub15 paragraph (B)(i). 

16 (3) FUNDING RESTRICTIONS.—The commit17 ment requirements in section 218(g) (42 U.S.C. 

18 12748(g)) of NAHA, the matching requirements in 

19 section 220 (42 U.S.C. 12750) of NAHA, and the 

20 set-aside for housing developed, sponsored, or owned 

21 by community housing development organizations re22 quired in section 231 of NAHA (42 U.S.C. 12771) 

23 shall not apply for amounts made available under 

24 this section. 


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1 (4) REALLOCATION.—For funds provided under 

2 paragraphs (1) and (2) of subsection (a), the Sec3 retary may recapture certain amounts remaining 

4 available to a grantee under this section or amounts 

5 declined by a grantee, and reallocate such amounts 

6 to other grantees under that paragraph to ensure 

7 fund expenditure, geographic diversity, and avail8 ability of funding to communities within the State 

9 from which the funds have been recaptured. 

10 (5) ADMINISTRATION.—Notwithstanding sub11 sections (c) and (d)(1) of section 212 of NAHA (42 

12 U.S.C. 12742), grantees may use not more than 15 

13 percent of their allocations under this section for ad14 ministrative and planning costs. 

15 (c) WAIVERS.—The Secretary may waive or specify 

16 alternative requirements for any provision of the Cran17 ston-Gonzalez National Affordable Housing Act specified 

18 in subsection (a)(1) or (a)(2) or regulation for the admin19 istration of the amounts made available under this section 

20 other than requirements related to tenant rights and pro21 tections, fair housing, nondiscrimination, labor standards, 

22 and the environment, upon a finding that the waiver or 

23 alternative requirement is necessary to facilitate the use 

24 of amounts made available under this section. 


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1 (d) IMPLEMENTATION.—The Secretary shall have au2 thority to issue such regulations, notices, or other guid3 ance, forms, instructions, and publications to carry out the 

4 programs, projects, or activities authorized under this sec5 tion to ensure that such programs, projects, or activities 

6 are completed in a timely and effective manner. 

7 SEC. 105. UNLOCKING POSSIBILITIES PROGRAM. 

8 (a) APPROPRIATION.—In addition to amounts other9 wise available, there is appropriated to the Secretary of 

10 Housing and Urban Development for fiscal year 2024, out 

11 of any money in the Treasury not otherwise appro12 priated— 

13 (1) $1,646,000,000 for awarding grants under 

14 sections 101, 102, 103, 104(a) through 104(i), 

15 104(l), 104(m), 105(a) through 105(g), 106(a)(2), 

16 106(a)(4), 106(b) through 106(f), 109, 110, 111, 

17 113, 115, 116, 120, and 122 of the Housing and 

18 Community Development Act of 1974 (42 U.S.C. 

19 5301, 5302, 5303, 5304(a)–(i), 5304(l), 5304(m), 

20 5305(a)–(g), 5306(a)(2), 5306(a)(4), 5306(b)–(f), 

21 5309, 5310, 5311, 5313, 5315, 5316, 5319, and 

22 5321) awarded on a competitive basis to eligible re23 cipients to carry out grants under subsection (c) of 

24 this section; 


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1 (2) $8,000,000 for research and evaluation re2 lated to housing planning and other associated costs; 

3 (3) $3,000,000 to provide technical assistance 

4 to grantees or applicants for grants made available 

5 by this section; and 

6 (4) $66,000,000 for the costs to the Secretary 

7 of administering and overseeing the implementation 

8 of this section and community and economic develop9 ment programs overseen by the Secretary generally, 

10 including information technology, financial report11 ing, research and evaluations, and other cross-pro12 gram costs in support of programs administered by 

13 the Secretary in this title, and other costs. 

14 Amounts appropriated by this section shall remain avail15 able until September 30, 2033. 

16 (b) PROGRAM ESTABLISHMENT.—The Secretary of 

17 Housing and Urban Development, acting through the Di18 rector of the Office of Community Land Use and Zoning 

19 Reform established under section 4(i) of the Department 

20 of Housing and Urban Development Act (as added by the 

21 amendment made by section 108(a) of this Act), shall es22 tablish a competitive grant program for— 

23 (1) planning grants to develop and evaluate 

24 housing plans and substantially improve housing 

25 strategies; 


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1 (2) streamlining regulatory requirements and 

2 shorten processes, reform zoning codes, increasing 

3 capacity to conduct housing inspections, or other ini4 tiatives that reduce barriers to housing supply elas5 ticity and affordability; 

6 (3) developing and evaluating local or regional 

7 plans for community development to substantially 

8 improve community development strategies related 

9 to sustainability, fair housing, and location effi10 ciency; 

11 (4) implementation and livable community in12 vestment grants; and 

13 (5) research and evaluation. 

14 (c) GRANTS.— 

15 (1) PLANNING GRANTS.—The Secretary shall, 

16 under selection criteria determined by the Secretary, 

17 award grants under this paragraph on a competitive 

18 basis to eligible entities to assist planning activities, 

19 including administration of such activities, engage20 ment with community stakeholders and housing 

21 practitioners, to— 

22 (A) develop housing plans; 

23 (B) substantially improve State or local 

24 housing strategies; 


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1 (C) develop new regulatory requirements 

2 and processes, reform zoning codes, increasing 

3 capacity to conduct housing inspections, or un4 dertake other initiatives to reduce barriers to 

5 housing supply elasticity and affordability; 

6 (D) develop local or regional plans for 

7 community development; and 

8 (E) substantially improve community de9 velopment strategies, including strategies to in10 crease availability and access to affordable 

11 housing, to further access to public transpor12 tation or to advance other sustainable or loca13 tion-efficient community development goals. 

14 (2) IMPLEMENTATION AND LIVABLE COMMU15 NITY INVESTMENT GRANTS.—The Secretary shall 

16 award implementation grants under this paragraph 

17 on a competitive basis to eligible entities for the pur18 pose of implementing and administering— 

19 (A) completed housing strategies and hous20 ing plans and any planning to affirmatively fur21 ther fair housing within the meaning of sub22 sections (d) and (e) of section 808 of the Fair 

23 Housing Act (42 U.S.C. 608) and applicable 

24 regulations and for community investments that 


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1 support the goals identified in such housing 

2 strategies or housing plans; 

3 (B) new regulatory requirements and proc4 esses, reformed zoning codes, increased capacity 

5 to conduct housing inspections, or other initia6 tives to reduce barriers to housing supply elas7 ticity and affordability that are consistent with 

8 a plan under subparagraph (A); and 

9 (C) completed local or regional plans for 

10 community development and any planning to in11 crease availability and access to affordable 

12 housing, access to public transportation and 

13 other sustainable or location-efficient commu14 nity development goals. 

15 (d) COORDINATION WITH FTA ADMINISTRATOR.— 

16 To the extent practicable, the Secretary shall coordinate 

17 with the Federal Transit Administrator in carrying out 

18 this section. 

19 (e) DEFINITIONS.—For purposes of this section, the 

20 following definitions apply: 

21 (1) ELIGIBLE ENTITY.—The term ‘‘eligible enti22 ty’’ means— 

23 (A) a State, insular area, metropolitan 

24 city, or urban county, as such terms are defined 


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1 in section 102 of the Housing and Community 

2 Development Act of 1974 (42 U.S.C. 5302); or 

3 (B) for purposes of grants under sub4 section (b)(1), a regional planning agency or 

5 consortia. 

6 (2) HOUSING PLAN; HOUSING STRATEGY.— 

7 (A) HOUSING PLAN.—The term ‘‘housing 

8 plan’’ means a plan of an eligible entity to, with 

9 respect to the area within the jurisdiction of the 

10 eligible entity— 

11 (i) match the creation of housing sup12 ply to existing demand and projected de13 mand growth in the area, with attention to 

14 preventing displacement of residents, re15 ducing the concentration of poverty, and 

16 meaningfully reducing and not perpet17 uating housing segregation on the basis of 

18 race, color, religion, natural origin, sex, 

19 disability, or familial status; 

20 (ii) increase the affordability of hous21 ing in the area, increase the accessibility of 

22 housing in the area for people with disabil23 ities, including location-efficient housing, 

24 and preserve or improve the quality of 

25 housing in the area; 


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1 (iii) reduce barriers to housing devel2 opment in the area, with consideration for 

3 location efficiency, affordability, and acces4 sibility; and 

5 (iv) coordinate with the metropolitan 

6 transportation plan of the area under the 

7 jurisdiction of the eligible entity, or other 

8 regional plan. 

9 (B) HOUSING STRATEGY.—The term 

10 ‘‘housing strategy’’ means the housing strategy 

11 required under section 105 of the Cranston12 Gonzalez National Affordable Housing Act (42 

13 U.S.C. 12705). 

14 (f) COSTS TO GRANTEES.—Up to 15 percent of a re15 cipient’s grant may be used for administrative costs. 

16 (g) RULES OF CONSTRUCTION.— 

17 (1) IN GENERAL.—Except as otherwise pro18 vided by this section, amounts appropriated or oth19 erwise made available under this section shall be 

20 subject to the community development block grant 

21 program requirements under subsection (a)(1). 

22 (2) EXCEPTIONS.— 

23 (A) HOUSING CONSTRUCTION.—Expendi24 tures on new construction of housing shall be 

25 an eligible expense under this section. 


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1 (B) BUILDINGS FOR GENERAL CONDUCT

2 OF GOVERNMENT.—Expenditures on building 

3 for the general conduct of government, other 

4 than the Federal Government, shall be eligible 

5 under this section when necessary and appro6 priate as a part of a natural hazard mitigation 

7 project. 

8 (h) WAIVERS.—The Secretary may waive or specify 

9 alternative requirements for any provision of subsection 

10 (a)(1) or regulation for the administration of the amounts 

11 made available under this section other than requirements 

12 related to fair housing, nondiscrimination, labor stand13 ards, and the environment, upon a finding that the waiver 

14 or alternative requirement is not inconsistent with the 

15 overall purposes of such Act and that the waiver or alter16 native requirement is necessary to facilitate the use of 

17 amounts made available under this section. 

18 (i) IMPLEMENTATION.—The Secretary shall have the 

19 authority to issue such regulations notices, or other guid20 ance, forms, instructions, and publications to carry out the 

21 programs, projects, or activities authorized under this sec22 tion to ensure that such programs, projects, or activities 

23 are completed in a timely and effective manner. 


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1 SEC. 106. SHARED EQUITY HOUSING FUND. 

2 (a) APPROPRIATION.—In addition to amounts other3 wise available, there is appropriated to the Community 

4 Restoration and Revitalization Fund established under 

5 subsection (b) for fiscal year 2022, out of any money in 

6 the Treasury not otherwise appropriated, to remain avail7 able until September 30, 2031, $500,000,000 for planning 

8 and implementation grants under sections 101, 102, 103, 

9 104(a) through 104(i), 104(l), 104(m), 105(a) through 

10 105(g), 106(a)(2), 106(a)(4), 106(b) through 106(f), 109, 

11 110, 111, 113, 115, 116, 120, and 122 of the Housing 

12 and Community Development Act of 1974 (42 U.S.C. 

13 5301, 5302, 5303, 5304(a)–(i), 5304(l), 5304(m), 

14 5305(a)–(g), 5306(a)(2) 5306(a)(4), 5306(b)–(f), 5309, 

15 5310, 5311, 5313, 5315, 5316, 5319, and 5321), awarded 

16 on a competitive basis to eligible recipients, as defined 

17 under subsection (d) of this section, to create, expand, and 

18 maintain community land trusts and shared equity home19 ownership, including through the acquisition, rehabilita20 tion, and new construction of affordable, accessible hous21 ing. 

22 (b) ESTABLISHMENT OF FUND.—The Secretary of 

23 Housing and Urban Development (in this section referred 

24 to as the ‘‘Secretary’’) shall establish a Shared Equity 

25 Fund (in this section referred to as the ‘‘Fund’’) to award 

26 planning and implementation grants on a competitive 


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1 basis to eligible recipients for activities authorized under 

2 subsections (a) through (g) of section 105 of the Housing 

3 and Community Development Act of 1974 (42 U.S.C. 

4 5305) and under this section for community-led affordable 

5 housing and community development and economic devel6 opment projects. 

7 (c) USE OF FUNDS.—An eligible recipient of a com8 munity land trust grant awarded under subsection (a) 

9 shall use such grant for establishing and operating a com10 munity land trust or shared equity homeownership pro11 gram; creation, subsidization, construction, acquisition, re12 habilitation, and preservation of housing in a community 

13 land trust or shared equity homeownership program, and 

14 expanding the capacity of the recipient to carry out the 

15 grant, provided that any housing units created or main16 tained— 

17 (1) in the case of rental units, including units 

18 in mixed-use properties, are affordable and acces19 sible to a household whose income does not exceed 

20 80 percent of the median income for the area, as de21 termined by the Secretary, for a period of not less 

22 than 30 years; and 

23 (2) in the case of homeownership units, are af24 fordable and accessible to households whose incomes 


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1 do not exceed 120 percent of the median income for 

2 the area, as determined by the Secretary. 

3 (d) ELIGIBLE RECIPIENT.—An eligible recipient of a 

4 planning or implementation grant under subsection (a) 

5 shall be a local partnership with the ability to administer 

6 the grant. 

7 (e) WAIVERS.—The Secretary may waive or specify 

8 alternative requirements for sections 104(a) through (e), 

9 104(h), 104(l), 104(m), 105(a) through (g), 106(a)(2), 

10 106(a)(4), and 106(b) through (f) of the Housing and 

11 Community Development Act of 1974 (42 U.S.C. 5304(a) 

12 through (e), 5304(h), 5304(l), 5304(m), 5305(a) through 

13 (g), 5306(a)(2), 5306(a)(4), and 5306(b) through (f)), or 

14 associated regulations for the administration of the 

15 amounts made available under this section other than re16 quirements related to fair housing, nondiscrimination, 

17 labor standards, and the environment, upon a finding that 

18 the waiver or alternative requirement is not inconsistent 

19 with the overall purposes of such Act and that the waiver 

20 or alternative requirement is necessary to expedite or fa21 cilitate the use of amounts made available under this sec22 tion. 

23 (f) DEFINITIONS.—For purposes of this section, the 

24 following definitions shall apply: 


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1 (1) COMMUNITY LAND TRUST.—The term 

2 ‘‘community land trust’’ means a nonprofit organiza3 tion or State or local governments or instrumental4 ities that— 

5 (A) use a ground lease or deed covenant 

6 with an affordability period of at least 30 years 

7 or more to— 

8 (i) make rental and homeownership 

9 units affordable to households; and 

10 (ii) stipulate a preemptive option to 

11 purchase the affordable rentals or home12 ownership units so that the affordability of 

13 the units is preserved for successive in14 come-eligible households; and 

15 (B) monitor properties to ensure afford16 ability is preserved. 

17 (2) LAND BANK.—The term ‘‘land bank’’ 

18 means a government entity, agency, or program, or 

19 a special purpose nonprofit entity formed by one or 

20 more units of government in accordance with State 

21 or local land bank enabling law, that has been des22 ignated by one or more State or local governments 

23 to acquire, steward, and dispose of vacant, aban24 doned, or other problem properties in accordance 

25 with locally-determined priorities and goals. 


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1 (3) SHARED EQUITY HOMEOWNERSHIP PRO2 GRAM.—The term ‘‘shared equity homeownership 

3 program’’ means a program to facilitate affordable 

4 homeownership preservation through a resale restric5 tion program administered by a community land 

6 trust, other nonprofit organization, or State or local 

7 government or instrumentalities and that utilizes a 

8 ground lease, deed restriction, subordinate loan, or 

9 similar mechanism that includes provisions ensuring 

10 that the program shall— 

11 (A) maintain the home as affordable for 

12 subsequent very low-, low-, or moderate-income 

13 families for an affordability term of at least 30 

14 years after recordation; 

15 (B) apply a resale formula that limits the 

16 homeowner’s proceeds upon resale; and 

17 (C) provide the program administrator or 

18 such administrator’s assignee a preemptive op19 tion to purchase the homeownership unit from 

20 the homeowner at resale. 

21 (g) IMPLEMENTATION.—The Secretary shall have the 

22 authority to establish by notice any requirements that the 

23 Secretary determines are necessary for timely and effec24 tive implementation of the program and expenditure of 


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1 funds appropriated, which requirements shall take effect 

2 upon issuance. 

3 SEC. 107. REPEAL OF FAIRCLOTH AMENDMENT. 

4 Section 9(g) of the United States Housing Act of 

5 1937 (42 U.S.C. 1437g(g)) is amended by striking para6 graph (3) (relating to limitation on new construction). 

7 SEC. 108. ESTABLISHMENT OF HUD OFFICE OF COMMUNITY 

8 LAND USE AND ZONING. 

9 (a) IN GENERAL.—Section 4 of the Department of 

10 Housing and Urban Development Act (42 U.S.C. 3533) 

11 is amended by adding at the end the following new sub12 section: 

13 ‘‘(i) OFFICE OF COMMUNITY LAND USE AND ZON14 ING.— 

15 ‘‘(1) ESTABLISHMENT.—There is established in 

16 the Department, in the Office of the Secretary, the 

17 Office of Community Land Use and Zoning. 

18 ‘‘(2) DIRECTOR.—There is established the posi19 tion of Director of the Office of Community Land 

20 Use and Zoning. The Director shall be the head of 

21 the Office of Community Land Use and Zoning and 

22 shall be appointed by, and shall report to, the Sec23 retary. Such position shall be a career-reserved posi24 tion in the Senior Executive Service. 


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1 ‘‘(3) MISSION.—The mission of the Office of 

2 Community Land Use and Zoning shall be to en3 courage communities to pursue land use policies that 

4 increase the availability and affordability of housing. 

5 ‘‘(4) FUNCTIONS.—The Director shall have pri6 mary responsibility within the Department for all ac7 tivities and matters relating to land use and zoning 

8 reform, including the following: 

9 ‘‘(A) To collect, process, assemble, coordi10 nate research, and disseminate information on 

11 State and local regulations and policies affect12 ing the creation and maintenance of affordable 

13 housing. 

14 ‘‘(B) To provide technical assistance to 

15 State and local communities regarding State 

16 and local regulations and policies affecting the 

17 creation and maintenance of affordable housing. 

18 ‘‘(C) To maintain a Regulatory Barriers 

19 Clearinghouse and a database of land use poli20 cies across the United States. 

21 ‘‘(D) To administer the Unlocking Possi22 bilities Program under section 105 of the Com23 munity Housing Act of 2024. 

24 ‘‘(E) To administer the Shared Equity 

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1 tion 203(b) of the Community Housing Act of 

2 2024. 

3 ‘‘(F) To issue, not later than 2 years after 

4 the date of the enactment of this Act, guidance 

5 and best practices regarding State and local 

6 land use and zoning regulations and policies af7 fecting the creation and maintenance of afford8 able housing, and to maintain and update such 

9 guidance and best practices regularly.’’. 

10 (b) TRANSFER; REDESIGNATION.—The Secretary of 

11 Housing and Urban Development shall provide for— 

12 (1) the transfer of the administration of the 

13 Regulatory Barriers Clearinghouse of the Depart14 ment, which as of the date of the enactment of this 

15 Act is the responsibility of the Office of Policy De16 velopment and Research, to the Director of the Of17 fice of Community Land Use and Zoning established 

18 under section 4(i) of the Department of Housing 

19 and Urban Development Act, as added by the 

20 amendment made by subsection (a) of this section; 

21 and 

22 (2) the redesignation of the Regulatory Barriers 

23 Clearinghouse as the Community Land Use and 

24 Zoning Research Center. 


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1 (c) AUTHORIZATION OF APPROPRIATIONS.—There is 

2 authorized to be appropriated $2,000,000 for each of fis3 cal years 2024 through 2028 for costs of personnel for 

4 and activities of the Office of Community Land Use and 

5 Zoning. 

6 SEC. 109. CONTINUATION OF FHA–FFB AFFORDABLE RENT7 AL HOUSING FINANCING PARTNERSHIP. 

8 The Secretary of Housing and Urban Development 

9 shall continue to carry out the FHA affordable rental 

10 housing financing partnership with the Federal Financing 

11 Bank, under which such Bank provides financing for loans 

12 insured under the FHA Multifamily Risk-Sharing Pro13 gram under section 542 of the Housing and Community 

14 Development Act of 1992 (12 U.S.C. 1707), and may 

15 enter into such new commitments under such program 

16 during fiscal year 2024 and fiscal years thereafter, subject 

17 to the overall limitations provided in this Act on new com18 mitments to guarantee loans insured under the General 

19 and Special Risk Insurance Funds, as authorized by sec20 tions 238 and 519 of the National Housing Act (12 U.S.C. 

21 1715z–3 and 1735c). 

22 SEC. 110. INCREASE OF MINIMUM STATE ALLOCATIONS 

23 UNDER HOUSING PROGRAMS. 

24 (a) HOUSING TRUST FUND.—Subparagraph (C) of 

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1 nancial Safety and Soundness Act of 1992 (12 U.S.C. 

2 4568(c)(4)(C)) is amended by striking ‘‘$3,000,000’’ each 

3 place such term appears and inserting ‘‘$6,000,000’’. 

4 (b) HOME INVESTMENT PARTNERSHIPS PRO5 GRAM.—Subparagraph (A) of section 217(b)(2) of the 

6 Cranston-Gonzalez National Affordable Housing Act (42 

7 U.S.C. 12747(b)(2)(A)) is amended by striking 

8 ‘‘$3,000,000’’ each place such term appears and inserting 

9 ‘‘$6,000,000’’. 

10 TITLE II—RENTAL SUPPORT 

11 AND PERPETUAL AFFORD12 ABILITY 

13 SEC. 201. PERMANENT EMERGENCY RENTAL ASSISTANCE 

14 PROGRAM. 

15 Section 3201 of the American Rescue Plan Act of 

16 2021 (15 U.S.C. 9058c) is amended— 

17 (1) in subsection (a), by adding at the end the 

18 following new paragraphs: 

19 ‘‘(3) APPROPRIATION.—In addition to amounts 

20 otherwise available, there is appropriated to the Sec21 retary of the Treasury for each of fiscal years 2024 

22 through 2029, out of any money in the Treasury not 

23 otherwise appropriated, $3,000,000,000, for making 

24 payments to eligible grantees under this section. 


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1 ‘‘(4) RESERVATION OF FUNDS.—Of the amount 

2 appropriated under paragraph (1), the Secretary 

3 shall reserve— 

4 ‘‘(A) $42,300,000 for making payments 

5 under this section to the Commonwealth of 

6 Puerto Rico, the United States Virgin Islands, 

7 Guam, the Commonwealth of the Northern 

8 Mariana Islands, and American Samoa; 

9 ‘‘(B) $4,170,000 for costs of the Secretary 

10 for the administration of emergency rental as11 sistance programs and technical assistance to 

12 recipients of any grants made by the Secretary 

13 to provide financial and other assistance to 

14 renters; 

15 ‘‘(C) $417,000 for administrative expenses 

16 of the Inspector General relating to oversight of 

17 funds provided in this section; and 

18 ‘‘(D) $360,000,000 or payments to high19 need grantees as provided in this section.’’; 

20 (2) in subsection (b)— 

21 (A) in paragraph (1)(A)— 

22 (i) in the matter preceding clause 

23 (i)— 

24 (I) by inserting ‘‘or (3)’’ after 

25 ‘‘paragraph (1)’’; and 


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1 (II) by inserting ‘‘or (4), respec2 tively,’’ after ‘‘paragraph (2)’’; and 

3 (ii) in clause (iii), by inserting ‘‘or, 

4 with respect to amounts appropriated 

5 under subsection (a)(3), by substituting 

6 ‘$22,000,000’ for ‘$200,000,000’ each 

7 place such term appears’’ before the semi8 colon at the end; and 

9 (B) in paragraph (2)— 

10 (i) in the matter preceding subpara11 graph (A)— 

12 (I) by striking ‘‘The amount’’ 

13 and inserting ‘‘The amounts’’; and 

14 (II) by inserting ‘‘and under sub15 section (a)(4)(A)’’ after ‘‘subsection 

16 (a)(2)(A)’’; 

17 (ii) in subparagraph (A), by inserting 

18 ‘‘or (a)(4)(A)’’ before ‘‘of section 3201’’; 

19 and 

20 (iii) in subparagraph (B), by inserting 

21 ‘‘or (a)(3)’’ after ‘‘subsection (a)(1)’’; 

22 (3) in subsection (d)— 

23 (A) in paragraph (1)(D), by inserting ‘‘or 

24 October 1, 2025, in the case of funds made 

25 available by subsection (a)(3),’’; and 


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1 (B) in paragraph (2), ‘‘or (a)(3)’’ after 

2 ‘‘subsection (a)(1)’’; 

3 (4) in subsection (e)(1)— 

4 (A) by striking ‘‘March 1, 2022’’ and in5 serting ‘‘the first day of the first month com6 mencing more than 12 months after the enact7 ment of an Act making amounts available for 

8 payments to eligible grantees under this sec9 tion’’; and 

10 (B) by inserting ‘‘made available under 

11 such Act and’’ after ‘‘reallocate funds’’; and 

12 (5) in subsection (g), by striking ‘‘September 

13 30, 2025’’ and inserting ‘‘the fifth September 30 oc14 curring after the date of the enactment of the Act 

15 making such funds available for payments to such 

16 eligible grantee’’. 

17 SEC. 202. HUD EVICTION PROTECTION GRANT PROGRAM. 

18 In addition to amounts otherwise made available, 

19 there is appropriated to the Secretary of Housing and 

20 Urban Development for each of fiscal years 2024 through 

21 2033, out of any money in the Treasury not otherwise ap22 propriated, $10,000,000 for grants under the Eviction 

23 Protection Grant Program of the Office of Policy Develop24 ment and Research. 


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1 SEC. 203. SHARED EQUITY HOUSING RESOURCES. 

2 (a) FUNDING.—In addition to amounts otherwise 

3 made available, there is appropriated for fiscal year 2024 

4 for payment to the Neighborhood Reinvestment Corpora5 tion for use in neighborhood reinvestment activities, as au6 thorized by the Neighborhood Reinvestment Corporation 

7 Act (42 U.S.C. 8101–8107), $12,000,000, to remain 

8 available until September 30, 2027: Provided, That such 

9 amount shall be for the promotion and development of 

10 shared equity housing models, including for capital grants 

11 for NeighborWorks affiliates to acquire homes for their 

12 shared equity portfolios. 

13 (b) RESOURCE CENTER.—The Secretary of Housing 

14 and Urban Development shall establish and maintain, 

15 under the Office of Community Land Use and Zoning, a 

16 Shared Equity Housing Resource Center to provide tech17 nical and legal assistance and resources to communities 

18 and the general public regarding forming shared equity 

19 housing governance structures, including affordable hous20 ing community land trusts. There is authorized to be ap21 propriated for each fiscal year such sums as may be nec22 essary to operate such Resource Center. 

23 SEC. 204. HOMEOWNERSHIP ASSISTANCE. 

24 (a) RURAL HOMEOWNERHIP.— 

25 (1) APPROPRIATION.—In addition to amounts 

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1 retary of Agriculture for each of fiscal years 2024 

2 through 2033, out of any money in the Treasury not 

3 otherwise appropriated— 

4 (A) $4,000,000,000, for gross obligations 

5 for the principal amount of direct loans as au6 thorized by section 502 of the Housing Act of 

7 1949 (42 U.S.C. 1472); and 

8 (B) $148,400,000 for the cost of direct 

9 loans authorized by such section 502, including 

10 the cost of modifying loans, as defined in sec11 tion 502 of the Congressional Budget Act of 

12 1974 (2 U.S.C. 661a). 

13 (2) INTEREST RATE.—Notwithstanding any 

14 other provision of law, the annual interest rate pay15 able on a direct loan authorized by section 502 of 

16 the Housing Act of 1949 (42 U.S.C. 1472), as modi17 fied by payment assistance, may not be lower than 

18 1.0 percent. 

19 (b) HOUSING CHOICE VOUCHER DOWNPAYMENT

20 PROGRAM.—In addition to amounts otherwise available, 

21 there is appropriated to the Secretary of Housing and 

22 Urban Development for each of fiscal years 2024 through 

23 2033, out of any money in the Treasury not otherwise ap24 propriated, $1,000,000,000, for providing downpayment 


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1 assistance under section 8(y)(7) of the United States 

2 Housing Act of 1937 (42 U.S.C. 1437f(y)(7)). 

3 SEC. 205. REPORT ON TAX ON SECONDARY HOMES. 

4 The Secretary of the Treasury shall, not later than 

5 180 days after the date of the enactment of this Act, sub6 mit to Congress a report on the feasibility, economic con7 sequences, and revenue effects of establishing a tax on va8 cation homes and short-term rental homes. 

9 SEC. 206. NATIONAL HOUSING INFORMATION DATABASE. 

10 (a) ESTABLISHMENT.—The Secretary of Housing 

11 and Urban Development and the Director of the Federal 

12 Housing Finance Agency shall jointly establish and main13 tain a national database of landlords of residential rental 

14 dwelling units in multifamily housing. 

15 (b) INFORMATION.—The Secretary and the Director 

16 shall require each landlord of a residential rental dwelling 

17 unit in multifamily housing to submit to the database the 

18 following information regarding a residential rental dwell19 ing unit: 

20 (1) The identity of the landlord and owner of 

21 the dwelling unit and contact information for such 

22 landlord and owner. 

23 (2) The total number of residential rental dwell24 ing units in the property in which such dwelling unit 

25 is located. 


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1 (3) The total number of residential rental dwell2 ing units owned by or under the control of such 

3 landlord. 

4 (4) The total number of properties containing 

5 residential dwelling units managed by such landlord 

6 and owned by such owner, the number of residential 

7 rental dwelling units in each such property. 

8 (5) Whether the landlord uses real estate and 

9 property management software in making residential 

10 rental dwelling units available for rental and, if so, 

11 the identity of such software. 

12 (c) AVAILABILITY.—Information maintained in the 

13 database shall be made publicly available on a website of 

14 the registry. 

15 (d) DEFINITIONS.—For purposes of this section, the 

16 following definitions shall apply: 

17 (1) LANDLORD.—The term ‘‘landlord’’ means, 

18 with respect to a residential rental dwelling unit, the 

19 person or entity having legal authority to lease such 

20 dwelling unit. 

21 (2) MULTIFAMILY HOUSING.—The term ‘‘multi22 family housing’’ means a residence consisting of 5 or 

23 more dwelling units. 

24 (e) ANNUAL REPORT.—The Secretary and the Direc25 tor shall submit a report to the Congress, the Federal 


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1 Trade Commission, the Attorney General of the United 

2 States, and the Attorney General for each State annually 

3 assessing the extent of concentration in ownership of resi4 dential rental dwelling units and the issues and dangers 

5 posed by such concentration. 

6 TITLE III—RURAL HOUSING 

7 SEC. 301. PERMANENT ESTABLISHMENT OF HOUSING PRES8 ERVATION AND REVITALIZATION PROGRAM; 

9 DECOUPLING RENTAL ASSISTANCE. 

10 Title V of the Housing Act of 1949 (42 U.S.C. 1471 

11 et seq.) is amended by adding at the end the following 

12 new section: 

13 ‘‘SEC. 545. HOUSING PRESERVATION AND REVITALIZATION 

14 PROGRAM. 

15 ‘‘(a) ESTABLISHMENT.—The Secretary shall carry 

16 out a program under this section for the preservation and 

17 revitalization of multifamily rental housing projects fi18 nanced under section 515 or both sections 514 and 516. 

19 ‘‘(b) NOTICE OF MATURING LOANS.— 

20 ‘‘(1) TO OWNERS.—On an annual basis, the 

21 Secretary shall provide written notice to each owner 

22 of a property financed under section 515 or both 

23 sections 514 and 516 that will mature within the 4- 

24 year period beginning upon the provision of the no25 tice, setting forth the options and financial incenVerDate Sep 11 2014 20:51 Feb 29, 2024 Jkt 049200 PO 00000 Frm 00038 Fmt 6652 Sfmt 6201 E:\BILLS\H7325.IH H7325

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1 tives that are available to facilitate the extension of 

2 the loan term or the option to decouple a rental as3 sistance contract pursuant to subsection (f). 

4 ‘‘(2) TO TENANTS.— 

5 ‘‘(A) IN GENERAL.—For each property fi6 nanced under section 515 or both sections 514 

7 and 516, not later than the date that is 2 years 

8 before the date that the loan will mature, the 

9 Secretary shall provide written notice to each 

10 household residing in the property that informs 

11 them of the date of the loan maturity, the pos12 sible actions that may happen with respect to 

13 the property upon that maturity, and how to 

14 protect their right to reside in federally assisted 

15 housing after that maturity. 

16 ‘‘(B) LANGUAGE.—Notice under this para17 graph shall be provided in plain English and 

18 shall be translated to other languages in the 

19 case of any property located in an area in which 

20 a significant number of residents speak such 

21 other languages. 

22 ‘‘(c) LOAN RESTRUCTURING.—Under the program 

23 under this section, in any circumstance in which the Sec24 retary proposes a restructuring to an owner or an owner 

25 proposes a restructuring to the Secretary, the Secretary 


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1 may restructure such existing housing loans, as the Sec2 retary considers appropriate, for the purpose of ensuring 

3 that those projects have sufficient resources to preserve 

4 the projects to provide safe and affordable housing for low5 income residents and farm laborers, by— 

6 ‘‘(1) reducing or eliminating interest; 

7 ‘‘(2) deferring loan payments; 

8 ‘‘(3) subordinating, reducing, or reamortizing 

9 loan debt; and 

10 ‘‘(4) providing other financial assistance, in11 cluding advances, payments, and incentives (includ12 ing the ability of owners to obtain reasonable re13 turns on investment) required by the Secretary. 

14 ‘‘(d) RENEWAL OF RENTAL ASSISTANCE.— 

15 ‘‘(1) IN GENERAL.—When the Secretary pro16 poses to restructure a loan or agrees to the proposal 

17 of an owner to restructure a loan pursuant to sub18 section (c), the Secretary shall offer to renew the 

19 rental assistance contract under section 521(a)(2) 

20 for a 20-year term that is subject to annual appro21 priations, provided that the owner agrees to bring 

22 the property up to or maintain the property at such 

23 standards that will ensure maintenance of the prop24 erty as decent, safe, and sanitary housing for the 

25 full term of the rental assistance contract. 


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1 ‘‘(2) ADDITIONAL RENTAL ASSISTANCE.— 

2 ‘‘(A) IN GENERAL.—With respect to a 

3 project described in paragraph (1), if rental as4 sistance is not available for all households in 

5 the project for which the loan is being restruc6 tured pursuant to subsection (c), the Secretary 

7 may extend such additional rental assistance to 

8 unassisted households at that project as is nec9 essary to make the project safe and affordable 

10 to low-income households. 

11 ‘‘(B) UNAVAILABLE PROPERTY.—In the 

12 event that a property is not available to provide 

13 additional rental assistance to households under 

14 subparagraph (A), the Secretary may offer a 

15 rural housing voucher to those households. 

16 ‘‘(e) RESTRICTIVE USE AGREEMENTS.— 

17 ‘‘(1) REQUIREMENT.—As part of the preserva18 tion and revitalization agreement for a project, the 

19 Secretary shall obtain a restrictive use agreement 

20 that obligates the owner to operate the project in ac21 cordance with this title. 

22 ‘‘(2) TERM.— 

23 ‘‘(A) NO EXTENSION OF RENTAL ASSIST24 ANCE CONTRACT.—Except when the Secretary 

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1 sistance contract for a project, the term of the 

2 restrictive use agreement for the project shall 

3 be consistent with the term of the restructured 

4 loan for the project. 

5 ‘‘(B) EXTENSION OF RENTAL ASSISTANCE

6 CONTRACT.—If the Secretary enters into a 20- 

7 year extension of the rental assistance contract 

8 for a project, the term of the restrictive use 

9 agreement for the project shall be for 20 years. 

10 ‘‘(C) TERMINATION.—The Secretary may 

11 terminate the 20-year use restrictive use agree12 ment for a project before the end of the term 

13 of the agreement if the 20-year rental assist14 ance contract for the project with the owner is 

15 terminated at any time for reasons outside the 

16 control of the owner. 

17 ‘‘(f) DECOUPLING OF RENTAL ASSISTANCE.— 

18 ‘‘(1) RENEWAL OF RENTAL ASSISTANCE CON19 TRACT.—If the Secretary determines that a matur20 ing loan for a project cannot reasonably be restruc21 tured in accordance with subsection (c) because it is 

22 not financially feasible or the owner does not agree 

23 with the proposed restructuring, and the project was 

24 operating with rental assistance under section 521, 

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1 tract, notwithstanding any provision of section 521, 

2 for a term, subject to annual appropriations, of 20 

3 years, provided that the owner enters into a restric4 tive use agreement. 

5 ‘‘(2) ADDITIONAL RENTAL ASSISTANCE.—With 

6 respect to a project described in paragraph (1), if 

7 rental assistance is not available for all households 

8 in the project, the Secretary may extend such addi9 tional rental assistance to unassisted households at 

10 that project as is necessary to make the project safe 

11 and affordable to low-income households. 

12 ‘‘(3) RENTS.—Any agreement to extend the 

13 term of the rental assistance contract under section 

14 521 for a project shall obligate the owner to con15 tinue to maintain the project as decent, safe, and 

16 sanitary housing and to operate the development in 

17 accordance with this title, except that rents shall be 

18 based on the lesser of— 

19 ‘‘(A) the budget-based needs of the project; 

20 or 

21 ‘‘(B) the operating cost adjustment factor 

22 as a payment standard as provided under sec23 tion 524 of the Multifamily Assisted Housing 

24 Reform and Affordability Act of 1997 (42 

25 U.S.C. 1437 note). 


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1 ‘‘(4) CONDITIONS FOR APPROVAL.— 

2 ‘‘(A) PLAN.—Before the approval of a 

3 rental assistance contract authorized under this 

4 section, the Secretary shall require the owner to 

5 submit to the Secretary a plan that identifies fi6 nancing sources and a timetable for renovations 

7 and improvements determined to be necessary 

8 by the Secretary to maintain and preserve the 

9 project. 

10 ‘‘(B) AUTOMATIC APPROVAL.—If a plan 

11 submitted under subparagraph (A) is not acted 

12 upon by the Secretary within 30 days of the 

13 submission, the rental assistance contract is 

14 automatically approved for not more than a 1- 

15 year period. 

16 ‘‘(g) MULTIFAMILY HOUSING TRANSFER TECHNICAL

17 ASSISTANCE.—Under the program under this section, the 

18 Secretary may provide grants to qualified nonprofit orga19 nizations and public housing agencies to provide technical 

20 assistance, including financial and legal services, to bor21 rowers under loans under this title for multifamily housing 

22 to facilitate the acquisition of such multifamily housing 

23 properties in areas where the Secretary determines there 

24 is a risk of loss of affordable housing. 


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1 ‘‘(h) TRANSFER OF RENTAL ASSISTANCE.—After the 

2 loan or loans for a rental project originally financed under 

3 section 515 or both sections 514 and 516 have matured 

4 or have been prepaid and the owner has chosen not to 

5 restructure the loan pursuant to subsection (c)— 

6 ‘‘(1) a tenant residing in the project shall have 

7 18 months before loan maturation or prepayment to 

8 transfer the rental assistance assigned to the unit of 

9 the tenant to another rental project originally fi10 nanced under section 515 or both sections 514 and 

11 516, and such tenants will have priority for admis12 sion over other applicants; and 

13 ‘‘(2) the owner of the initial project may rent 

14 the previous unit of the tenant to a new tenant with15 out income restrictions. 

16 ‘‘(i) ADMINISTRATIVE EXPENSES.—Of any amounts 

17 made available for the program under this section for any 

18 fiscal year, the Secretary may use not more than 

19 $1,000,000 for administrative expenses for carrying out 

20 such program. 

21 ‘‘(j) AUTHORIZATION OF APPROPRIATIONS.—There 

22 is authorized to be appropriated for the program under 

23 this section $200,000,000 for each of fiscal years 2024 

24 through 2028. 

25 ‘‘(k) RULEMAKING.— 


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1 ‘‘(1) IN GENERAL.—Not later than 180 days 

2 after the date of enactment of this section, the Sec3 retary shall— 

4 ‘‘(A) publish an advance notice of proposed 

5 rulemaking; and 

6 ‘‘(B) consult with appropriate stake7 holders. 

8 ‘‘(2) INTERIM FINAL RULE.—Not later than 1 

9 year after the date of enactment of this section, the 

10 Secretary shall publish an interim final rule to carry 

11 out this section.’’. 

12 SEC. 302. INTERAGENCY TASK FORCE TO COORDINATE DE13 LIVERY OF SUBSTANCE USE DISORDER 

14 TREATMENT AND AFFORDABLE HOUSING 

15 AVAILABILITY. 

16 (a) ESTABLISHMENT.—The Secretary of Housing 

17 and Urban Development and the Secretary of Health and 

18 Human Services shall jointly establish an interagency task 

19 force to develop and make recommendations the Congress 

20 to better coordinate delivery of treatment for substance 

21 use disorder in an affordable housing setting. 

22 (b) MEMBERS.—The Secretary of Housing and 

23 Urban Development and the Secretary of Health and 

24 Human Services shall each appoint 5 members to the task 

25 force. 


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•HR 7325 IH

1 (c) REPORT.—Not later than the expiration of the 2- 

2 year period beginning on the date of the enactment of this 

3 Act, the task force shall submit a report to the Congress 

4 making recommendations on how to better coordinate de5 livery of treatment for substance use disorder in an afford6 able housing setting. 

7 (d) TERMINATION.—The task force shall terminate 

8 90 days after submission of the report required under sub9 section (c). 

Æ 


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