II 

109TH CONGRESS 

1ST SESSION S. 1330 

To amend the Internal Revenue Code of 1986 to provide incentives for 

employer-provided employee housing assistance, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JUNE 29, 2005 

Mrs. CLINTON (for herself, Mr. SMITH, Mr. MARTINEZ, Mr. REED, and Mr. 

DURBIN) introduced the following bill; which was read twice and referred 

to the Committee on Finance 

A BILL

To amend the Internal Revenue Code of 1986 to provide 

incentives for employer-provided employee housing assistance, 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 ‘‘Housing America’s 

5 Workforce Act’’. 

6 SEC. 2. FINDINGS AND PURPOSES. 

7 (a) FINDINGS.—The Congress finds the following: 

8 (1) Resurgent housing markets are pricing out 

9 low- and moderate-income families and are pro-
2

•S 1330 IS

1 ducing few lower-cost units. Housing production has 

2 failed to keep pace with job growth, also sending 

3 housing prices sky-high. 

4 (2) In many markets, housing costs have far 

5 outgrown the rate of inflation and the gap between 

6 wages and housing costs is widening, pushing afford7 able housing beyond the reach of an increasing num8 ber of working families. 

9 (3) Low- and moderate-income working fami10 lies—especially in ‘‘hot market’’ areas—face extraor11 dinary difficulty finding affordable housing. 

12 (4) Despite the lowest mortgage rates in our 

13 Nation’s history and Federal investments in rental 

14 housing and homebuyer assistance, millions of work15 ing families still find it extremely difficult to rent or 

16 purchase a home. 

17 (5) The United States Department of Housing 

18 and Urban Development (HUD) considers housing 

19 affordable when a family spends no more than 30 

20 percent of its monthly income on rent and utilities. 

21 Entry-level wage earners with annual incomes of up 

22 to $30,000 spending no more than 30 percent of 

23 their income on rent can afford to pay up to $750 

24 for rent. In the high job-growth areas, such rents 

25 are not readily available. 
3

•S 1330 IS

1 (6) According to a study by the Center for 

2 Housing Policy in Washington, DC, the latest data 

3 available shows that in 2003, approximately 5 mil4 lion families paid more than half of their income for 

5 housing or lived in dilapidated conditions, or both. 

6 This was despite the fact they were working full 

7 time jobs. Moreover, the number of working families 

8 with critical housing problems has increased 67 per9 cent between 1997 and 2003. 

10 (7) Affordable housing is the key to creating 

11 and sustaining healthy, economically vibrant commu12 nities. 

13 (8) Many workers who fill jobs that provide the 

14 backbone of our communities—teachers, firefighters, 

15 police officers, hotel and restaurant workers—often 

16 cannot afford to live in the communities in which 

17 they serve. 

18 (9) This has led to longer commutes resulting 

19 in increased traffic and pollution, lost productivity, 

20 and family stress. High-cost housing markets also 

21 hurt the ability of our businesses to attract new tal22 ent and the ability of our cities to attract new busi23 ness. 

24 (10) The lack of affordable housing, and result25 ing high housing costs in major regional economies 
4

•S 1330 IS

1 across the United States have been shown to cause 

2 or contribute to labor shortages by acting as a brake 

3 on the in-migration of new employees while spurring 

4 out-migration of both workers and employers. 

5 (11) Both the public and private sectors have 

6 recognized employer-assisted housing (EAH) pro7 grams as a strategy that can be tailored to address 

8 regional jobs-housing imbalances, revitalize commu9 nities, and support smart growth practices. 

10 (12) For employees working in places where 

11 housing is unaffordable or scarce, or both and for 

12 those employers operating in distressed communities 

13 or who are having difficulty recruiting and retaining 

14 workers in locales where housing is unaffordable or 

15 scarce, employer-assisted housing can be a very 

16 much desired benefit and a cost-effective business 

17 strategy; and there are millions of employees and 

18 thousands of business that fit into this category. 

19 (13) Employer-assisted housing is an innovative 

20 local solution that has increased affordable housing 

21 opportunities for thousands of working families 

22 across America while benefitting the economy. 

23 (14) According to findings of the Rutgers Uni24 versity American Affordable Housing Institute, em25 ployer-assisted housing increases productivity by re-
5

•S 1330 IS

1 ducing commuting time as well as saves money on 

2 recruitment and retention. 

3 (15) Surveys and research on employer atti4 tudes towards employer-assisted housing report that 

5 employers continue to have difficulty obtaining infor6 mation about employer-assisted housing. As a result, 

7 firms have difficulty assessing the costs of a housing 

8 benefit program. 

9 (16) In most parts of the country, EAH has 

10 not been actively promoted by human resources pro11 fessionals, the mainstream housing industry, includ12 ing lenders, buildings and real estate professionals, 

13 or by the affordable housing industry, led by com14 munity-based nonprofit organizations and national 

15 intermediaries. 

16 (17) The future growth of employer-assisted 

17 housing programs will remain dependent upon in18 creasing individual employer knowledge of these pro19 grams. 

20 (18) Employer-assisted housing programs 

21 promise to be another creative solution in the search 

22 for more affordable housing. EAH programs will not 

23 solve the Nation’s housing problems but such pro24 grams do seek to address the challenge from a new 

25 perspective and allow the private sector to play a di-
6

•S 1330 IS

1 rect role in promoting housing affordability. Addi2 tionally, EAH programs can help to promote rede3 velopment and reinvestment in distressed commu4 nities. 

5 (19) Federal tax laws, with some exception, do 

6 not currently allow employees to exclude housing as7 sistance received from an employer from their tax8 able income. By excluding the housing assistance 

9 from an employees’ taxable income, the employee re10 ceives the full value of the housing benefit. 

11 (b) PURPOSES.—The purposes of this Act are as fol12 lows: 

13 (1) To expand affordable housing opportunities 

14 to low- and moderate-income working individuals 

15 and families. 

16 (2) To encourage employers, counties, and mu17 nicipalities to invest in employer-assisted housing 

18 programs. 

19 (3) To amend the Internal Revenue Code of 

20 1986 to provide a tax credit to partially offset the 

21 costs of employer-assisted housing programs and to 

22 exclude from income amounts received by an em23 ployee from an employer as assistance towards the 

24 purchase of a principal residence and towards rental 

25 housing. 
7

•S 1330 IS

1 (4) To develop programs to publicize the em2 ployer-assisted housing concept and for outreach ef3 forts to high-potential employers. 

4 SEC. 3. TAX CREDIT FOR EMPLOYER-PROVIDED EMPLOYEE 

5 HOUSING ASSISTANCE. 

6 (a) IN GENERAL.—Subpart D of part IV of sub7 chapter A of chapter 1 of the Internal Revenue Code of 

8 1986 (relating to business related credits) is amended by 

9 adding at the end the following new section: 

10 ‘‘SEC. 45J. EMPLOYER-PROVIDED EMPLOYEE HOUSING AS11 SISTANCE. 

12 ‘‘(a) ALLOWANCE OF CREDIT.— 

13 ‘‘(1) IN GENERAL.—For purposes of section 38, 

14 the employer-provided employee housing assistance 

15 credit determined under this section for any taxable 

16 year is an amount equal to 50 percent of the quali17 fied housing expenses paid by the employer during 

18 the taxable year if such expenses are furnished pur19 suant to a program described in subsection (b). 

20 ‘‘(2) PER EMPLOYEE LIMITATION.— 

21 ‘‘(A) IN GENERAL.—The aggregate 

22 amount of qualified housing expenses taken into 

23 account with respect to any eligible employee 

24 for any taxable year shall not exceed, when 

25 added to any qualified housing expenses taken 
8

•S 1330 IS

1 into account for any preceding taxable year 

2 with respect to such employee— 

3 ‘‘(i) in the case of homeownership as4 sistance, the lesser of $10,000 or 6 percent 

5 of the purchase price of such employee’s 

6 principal residence, and 

7 ‘‘(ii) in the case of rental assistance, 

8 $2,000. 

9 ‘‘(B) INFLATION ADJUSTMENT.— 

10 ‘‘(i) IN GENERAL.—In the case of any 

11 taxable year beginning after 2006, each 

12 dollar amount referred to in subparagraph 

13 (A) shall be increased by an amount equal 

14 to— 

15 ‘‘(I) such dollar amount, multi16 plied by 

17 ‘‘(II) the cost-of-living adjust18 ment determined under section 

19 (1)(f)(3) for the calendar year in 

20 which the taxable year begins, by sub21 stituting ‘2005’ for ‘1992’. 

22 ‘‘(ii) ROUNDING.—If any amount as 

23 adjusted under clause (i) is not a multiple 

24 of $50, such amount shall be rounded to 

25 the nearest multiple of $50. 
9

•S 1330 IS

1 ‘‘(b) HOUSING ASSISTANCE PROGRAM.—For pur2 poses of this section, a housing assistance program is a 

3 separate written plan of an employer for the exclusive ben4 efit of such employer’s employees to provide the qualified 

5 housing expenses of such employees and which meets re6 quirements similar to the requirements of paragraphs (2) 

7 through (6) of section 127(b). 

8 ‘‘(c) DEFINITIONS AND SPECIAL RULES.—For pur9 poses of this section— 

10 ‘‘(1) ELIGIBLE EMPLOYEE.—The term ‘eligible 

11 employee’ means any individual— 

12 ‘‘(A) employed by an employer, 

13 ‘‘(B) whose household income does not ex14 ceed 120 percent of the area median gross in15 come (adjusted for household size) for the area 

16 in which the housing is located, and 

17 ‘‘(C) in the case of homeownership assist18 ance, who is a qualified homebuyer. 

19 If the housing with respect to such employee is lo20 cated in a high housing cost area (as defined in sec21 tion 143(f)(5)(C)), the income limitation under sub22 paragraph (B) shall be adjusted (but not reduced) 

23 by the application of the rule under section 

24 143(f)(5) by substituting ‘120 percent’ for ‘115 per25 cent’ in subparagraph (B)(I) thereof. 
10

•S 1330 IS

1 ‘‘(2) QUALIFIED HOUSING EXPENSES.— 

2 ‘‘(A) IN GENERAL.—The term ‘qualified 

3 housing expenses’ means rental assistance or 

4 homeownership assistance towards the lease or 

5 purchase of housing. 

6 ‘‘(B) RENTAL ASSISTANCE.—The term 

7 ‘rental assistance’ means assistance with secu8 rity deposits and rental payments. 

9 ‘‘(C) HOMEOWNERSHIP ASSISTANCE.—The 

10 term ‘homeownership assistance’ means assist11 ance for the purchase of a principal residence, 

12 including— 

13 ‘‘(i) payment of qualified acquisition 

14 costs (as defined in section 72(t)(8)(C)), 

15 ‘‘(ii) providing (or reducing the costs 

16 of) financing, including the funding of a 

17 permanent interest rate buydown, 

18 ‘‘(iii) contributions to second mort19 gage pools or low interest loan programs 

20 accessible to eligible employees, 

21 ‘‘(iv) mortgage guarantee programs 

22 for the repayment of any loans in default 

23 that are secured by an eligible employee 

24 and guaranteed by the employer, 
11

•S 1330 IS

1 ‘‘(v) contributions to eligible employee 

2 savings plans, including Individual Devel3 opment Accounts (within the meaning of 

4 section 404(h) of the Social Security Act), 

5 designated exclusively for the purchase of a 

6 home, and 

7 ‘‘(vi) contributions to homebuyer edu8 cation and homeownership counseling of el9 igible employees. 

10 ‘‘(3) PRINCIPAL RESIDENCE.—The term ‘prin11 cipal residence’ has the same meaning as when used 

12 in section 121, except such term shall not include a 

13 residence with a purchase price exceeding the great14 er of— 

15 ‘‘(A) 90 percent of the average area pur16 chase price applicable to the residence, or 

17 ‘‘(B) 3.5 times the family income limit ap18 plicable to the eligible employee under para19 graph (1)(B). 

20 ‘‘(4) QUALIFIED HOMEBUYER.— 

21 ‘‘(A) IN GENERAL.—The term ‘qualified 

22 homebuyer’ means— 

23 ‘‘(i) any first-time homebuyer, or 

24 ‘‘(ii) any individual if such individual 

25 (and if married, such individual’s spouse) 
12

•S 1330 IS

1 had no present ownership in a principal 

2 residence located within 50 miles of the in3 dividual’s employer during the 2-year pe4 riod ending on the date of the purchase of 

5 the principal residence to which this sec6 tion applies. 

7 ‘‘(B) FIRST-TIME HOMEBUYER.—The term 

8 ‘first-time homebuyer’ means any individual if 

9 such individual (and if married, such individ10 ual’s spouse) had no present ownership in a 

11 principal residence during the 2-year period 

12 ending on the date of the purchase of the prin13 cipal residence to which this section applies. 

14 ‘‘(C) ONE-TIME ONLY.—If an individual is 

15 treated as a qualified homebuyer with respect to 

16 any principal residence, such individual may not 

17 be treated as a qualified homebuyer with re18 spect to any other principal residence. 

19 ‘‘(5) APPLICABLE RULES.—Rules similar to the 

20 rules under paragraphs (3), (4), and (5)(A) of sec21 tion 127(c) shall apply for the purposes of this sec22 tion. 

23 ‘‘(d) TREATMENT OF EMPLOYERS NOT ABLE TO USE

24 ENTIRE CREDIT.— 
13

•S 1330 IS

1 ‘‘(1) ALLOWANCE OF CREDIT.—Except as oth2 erwise provided in this subsection any credit allow3 able under subsection (a) to any employer described 

4 in paragraph (2)(C) may be transferred as provided 

5 in this subsection and the determination as to 

6 whether the credit is allowable shall be made without 

7 regard to the tax-exempt status of the employer. 

8 ‘‘(2) TRANSFER OF CREDIT.— 

9 ‘‘(A) IN GENERAL.—An employer described 

10 in subparagraph (C) may transfer any credit to 

11 which paragraph (1) applies through an assign12 ment to any other person. Such transfer may be 

13 revoked only with the consent of the Secretary. 

14 ‘‘(B) REGULATIONS.—The Secretary shall 

15 prescribe such regulations as necessary to en16 sure that any credit described in subparagraph 

17 (A) is assigned once and not reassigned by such 

18 other person. 

19 ‘‘(C) EMPLOYER DESCRIBED.—An em20 ployer is described in this subparagraph if the 

21 employer is— 

22 ‘‘(i) a State or political subdivision 

23 thereof, the District of Columbia, a posses24 sion of the United States, or an agency or 

25 instrumentality of any of the foregoing, 
14

•S 1330 IS

1 ‘‘(ii) an Indian tribal government 

2 (within the meaning of section 7871) or 

3 any agency or instrumentality thereof, or 

4 ‘‘(iii) any entity exempt from taxation 

5 under section 501(a). 

6 ‘‘(D) TRANSFER PROCEEDS TREATED AS

7 ARISING FROM ESSENTIAL GOVERNMENT FUNC8 TION.—Any proceeds derived by a person de9 scribed in clause (i) or (ii) of subparagraph (C) 

10 from the transfer under subparagraph (A) of 

11 any credit to which paragraph (1) applies shall 

12 be treated as arising from the exercise of an es13 sential government function. 

14 ‘‘(E) CREDIT NOT INCOME.—Any transfer 

15 under subparagraph (A) of any credit to which 

16 paragraph (1) applies shall not be treated as in17 come for purposes of section 501(c)(12).’’. 

18 (b) CREDIT ALLOWED AS PART OF GENERAL BUSI19 NESS CREDIT.—Section 38(b) of the Internal Revenue 

20 Code of 1986 (defining current year business credit) is 

21 amended by striking ‘‘plus’’ at the end of paragraph (18), 

22 by striking the period at the end of paragraph (19) and 

23 inserting ‘‘, plus’’, and by adding at the end the following 

24 new paragraph: 
15

•S 1330 IS

1 ‘‘(20) the employer-provided employee housing 

2 assistance credit determined under section 45J(a).’’. 

3 (c) CONFORMING AMENDMENTS.— 

4 (1) Subsection (c) of section 196 of the Internal 

5 Revenue Code of 1986 is amended by striking ‘‘and’’ 

6 at the end of paragraph (11), by striking the period 

7 at the end of paragraph (12) and inserting ‘‘, and’’, 

8 and by adding at the end the following new para9 graph: 

10 ‘‘(13) the employer-provided employee housing 

11 assistance credit determined under section 45J(a).’’. 

12 (2) The table of sections for subpart D of part 

13 IV of subchapter A of chapter 1 of such Code is 

14 amended by adding at the end the following new 

15 item:

‘‘Sec. 45J. Employer-provided employee housing assistance.’’.

16 (d) EFFECTIVE DATE.—The amendments made by 

17 this section shall apply to taxable years beginning after 

18 December 31, 2005. 

19 SEC. 4. EXCLUSION FROM INCOME OF EMPLOYER-PRO20 VIDED EMPLOYEE HOUSING ASSISTANCE. 

21 (a) IN GENERAL.—Part III of subchapter B of chap22 ter 1 of the Internal Revenue Code of 1986 (relating to 

23 items specifically excluded from gross income) is amended 

24 by inserting after section 139A the following new section: 
16

•S 1330 IS

1 ‘‘SEC. 139B. EMPLOYEE HOUSING ASSISTANCE PROGRAMS. 

2 ‘‘(a) EXCLUSION FROM GROSS INCOME.— 

3 ‘‘(1) IN GENERAL.—Gross income of an eligible 

4 employee does not include amounts paid or incurred 

5 by the employer of such employee for qualified hous6 ing expenses provided to the employee if the assist7 ance is furnished pursuant to a program described 

8 in subsection (b). 

9 ‘‘(2) LIMITATION.— 

10 ‘‘(A) IN GENERAL.—The aggregate 

11 amount of qualified housing expenses which 

12 may be excluded under paragraph (1) with re13 spect to any eligible employee for any taxable 

14 year shall not exceed, when added to any quali15 fied housing expenses excluded in any preceding 

16 taxable year with respect to such employee— 

17 ‘‘(i) in the case of homeownership as18 sistance, the lesser of $10,000 or 6 percent 

19 of the purchase price of such employee’s 

20 principal residence, and 

21 ‘‘(ii) in the case of rental assistance, 

22 $2,000. 

23 ‘‘(B) INFLATION ADJUSTMENT.— 

24 ‘‘(i) IN GENERAL.—In the case of any 

25 taxable year beginning after 2006, each 

26 dollar amount referred to in subparagraph 
17

•S 1330 IS

1 (A) shall be increased by an amount equal 

2 to— 

3 ‘‘(I) such dollar amount, multi4 plied by 

5 ‘‘(II) the cost-of-living adjust6 ment determined under section 

7 (1)(f)(3) for the calendar year in 

8 which the taxable year begins, by sub9 stituting ‘2005’ for ‘1992’. 

10 ‘‘(ii) ROUNDING.—If any amount as 

11 adjusted under clause (i) is not a multiple 

12 of $50, such amount shall be rounded to 

13 the nearest multiple of $50. 

14 ‘‘(b) HOUSING ASSISTANCE PROGRAM.—For pur15 poses of this section, a housing assistance program is a 

16 separate written plan of an employer for the exclusive ben17 efit of such employer’s employees to provide the qualified 

18 housing expenses of such employees and which meets re19 quirements similar to the requirements of paragraphs (2) 

20 through (6) of section 127(b). 

21 ‘‘(c) DEFINITIONS; SPECIAL RULES.—For purposes 

22 of this section— 

23 ‘‘(1) IN GENERAL.—Any term used in section 

24 45J which is also used in this section shall have the 

25 same meaning as given such term by section 45J. 
18

•S 1330 IS

1 ‘‘(2) APPLICABLE RULES.—Rules similar to the 

2 rules under paragraphs (3), (4), and (5)(A) of sec3 tion 127(c) shall apply for purposes of this section. 

4 ‘‘(3) BASIS ADJUSTMENT.—For purposes of 

5 this subtitle, if an exclusion is allowed under sub6 section (a) with respect to a residence, the basis of 

7 such residence shall be reduced by the amount of the 

8 exclusion.’’. 

9 (b) REPORTING REQUIREMENTS.—Subsection (d)(1) 

10 of section 6039D of the Internal Revenue Code of 1986 

11 (relating to returns and records with respect to certain 

12 fringe benefit plans) is amended by striking ‘‘or 137’’ and 

13 inserting ‘‘137, or 139B’’. 

14 (c) CONFORMING AMENDMENTS.— 

15 (1) The table of sections for part III of sub16 chapter B of chapter 1 of the Internal Revenue Code 

17 of 1986 is amended by inserting after the item relat18 ing to section 139A the following new item:

‘‘Sec. 139B. Employee housing assistance programs.’’.

19 (2) Subsection (a) of section 1016 of such Code 

20 (relating to adjustments to basis) is amended by 

21 striking ‘‘and’’ at the end of paragraph (30), by 

22 striking the period at the end of paragraph (31) and 

23 inserting ‘‘, and’’, and by adding at the end the fol24 lowing new paragraph: 
19

•S 1330 IS

1 ‘‘(32) in the case of a residence with respect to 

2 which amounts were excluded from income under 

3 section 139B, to the extent provided in section 

4 139B(c)(3).’’. 

5 (d) EFFECTIVE DATE.—The amendments made by 

6 this section shall apply to taxable years beginning Decem7 ber 31, 2005. 

8 SEC. 5. GRANTS TO COVER EMPLOYER-ASSISTED HOUSING 

9 PROGRAM COSTS. 

10 (a) GRANTS AUTHORIZED.— 

11 (1) IN GENERAL.—The Secretary may award a 

12 grant to an eligible entity to pay— 

13 (A) the operating costs of administering an 

14 employer-assisted housing program; 

15 (B) for technical assistance provided by 

16 the eligible entity to an employer in connection 

17 with such a program; and 

18 (C) for costs associated with promoting, 

19 publicizing, or otherwise attempting to dis20 tribute information relating to such a program. 

21 (2) DURATION.—Grants may be awarded under 

22 this subsection during fiscal years 2006, 2007, and 

23 2008. 

24 (3) AWARD BASIS.—The Secretary shall award 

25 grants under this section on a competitive basis. 
20

•S 1330 IS

1 (b) ELIGIBLE ENTITIES.—To be eligible to receive a 

2 grant under this section, an entity shall demonstrate that 

3 it is— 

4 (1) a nonprofit housing organization with a rel5 evant mission and demonstrated track record in 

6 housing counseling or employer-assisted housing con7 tracted by an employer to assist the employer in es8 tablishing or maintaining an employer-assisted hous9 ing program; or 

10 (2) a city, county, town, township, parish, vil11 lage, hamlet, or other general purpose political sub12 division of a State that seeks to establish or main13 tain, or otherwise participate in an employer-assisted 

14 housing program for its own employees. 

15 (c) APPLICATION.—Each eligible entity seeking a 

16 grant under this section shall submit an application to the 

17 Secretary at such time, in such manner, and containing 

18 such information as the Secretary may require. 

19 (d) LIMITATION ON USE OF FUNDS.—A grant 

20 awarded to an eligible entity under this section shall be 

21 used only for the purposes described under subsection (a). 

22 (e) REPORTS.— 

23 (1) IN GENERAL.—Each eligible entity receiving 

24 a grant under this section shall annually prepare 
21

•S 1330 IS

1 and submit to the Secretary a report that describes 

2 the— 

3 (A) amount of grant funds expended dur4 ing the year; 

5 (B) total amount— 

6 (i) of funds expended during the year 

7 to administer an employer-assisted housing 

8 program; and 

9 (ii) of down payment assistance pro10 vided by such a program; 

11 (C) total number of employees utilizing 

12 such a program; 

13 (D) number of employees utilizing such a 

14 program— 

15 (i) who are time homebuyers; 

16 (ii) who are previous homeowners; and 

17 (iii) who live in high-cost housing 

18 areas; 

19 (E) average— 

20 (i) income of employees utilizing such 

21 a program; 

22 (ii) age of employees utilizing such a 

23 program; and 

24 (iii) cost of a home purchased under 

25 such a program; 
22

•S 1330 IS

1 (F) ethnicity of employees utilizing such a 

2 program; and 

3 (G) number of housing units affected by 

4 such a program. 

5 (2) CLEARINGHOUSE AND DISSEMINATION.— 

6 (A) IN GENERAL.—Not later than 1 year 

7 after the date of enactment of this Act, the Sec8 retary shall establish a national clearinghouse, 

9 including a website, designed— 

10 (i) to provide information about em11 ployer-assisted housing programs to— 

12 (I) Federal, State, and local gov13 ernment entities; and 

14 (II) interested groups, busi15 nesses, persons, and organizations; 

16 and 

17 (ii) to collect and disseminate the in18 formation gathered from the reports re19 quired under paragraph (1). 

20 (B) WEBPOSTING.—The Secretary shall 

21 ensure that— 

22 (i) each report submitted under para23 graph (1) is posted to the website of the 

24 national clearinghouse established under 

25 subparagraph (A); and 
23

•S 1330 IS

1 (ii) the website of the Department of 

2 Housing and Urban Development provides 

3 a hyperlink to such reports on the website 

4 of the national clearinghouse. 

5 (f) DEFINITIONS.—As used in this section: 

6 (1) SECRETARY.—The term ‘‘Secretary’’ means 

7 the Secretary of Housing and Urban Development. 

8 (2) NONPROFIT HOUSING ORGANIZATION.—The 

9 term ‘‘nonprofit housing organization’’ means any 

10 organization that— 

11 (A) the Internal Revenue Service has ruled 

12 is exempt from income taxation under para13 graphs (3), (4), or (5) of section 501(c) of the 

14 Internal Revenue Code of 1986; and 

15 (B) has as its stated purpose to produce, 

16 maintain, operate, or promote affordable hous17 ing. 

18 (g) AUTHORIZATION OF APPROPRIATIONS.—There 

19 are authorized to be appropriated $5,000,000 for each of 

20 fiscal years 2006, 2007, and 2008 to carry out this sec21 tion, which shall remain available until expended. 

22 SEC. 6. EVALUATION OF EMPLOYER-ASSISTED HOUSING 

23 PROGRAMS. 

24 (a) IN GENERAL.—A study of employer-assisted pro25 grams shall be carried out in accordance with subsection 
24

•S 1330 IS

1 (b) for the purposes of evaluating the effects of the tax 

2 benefits provided under sections 3 and 4 and the grant 

3 program established under section 5 on— 

4 (1) such programs; and 

5 (2) the private sector resources leveraged to 

6 further fund such programs. 

7 (b) NATIONAL EVALUATION.— 

8 (1) IN GENERAL.—The Comptroller General of 

9 the United States (in this section referred to as the 

10 ‘‘Comptroller General’’) shall conduct the study re11 quired under subsection (a). 

12 (2) REQUIREMENTS.—The study required 

13 under subsection (a) shall include an analysis and 

14 summary of— 

15 (A) the total number of— 

16 (i) employers participating in em17 ployer-assisted housing programs; 

18 (ii) States that have enacted em19 ployer-assisted housing program legisla20 tion; and 

21 (iii) States considering enacting such 

22 legislation; 

23 (B) the extent to which Federal funds are 

24 being used to support employer-assisted housing 

25 programs; 
25

•S 1330 IS

1 (C) the size and nature of existing Federal, 

2 State, and private employer-assisted housing 

3 programs; 

4 (D) the types of assistance offered to em5 ployees under employer-assisted housing pro6 grams; 

7 (E) the distribution of employers offering 

8 employer-assisted housing programs, including 

9 a review of the— 

10 (i) geographic distribution of such em11 ployers; 

12 (ii) industry distribution of such em13 ployers; and 

14 (iii) size distribution of such employ15 ers; 

16 (F) the extent to which employer-assisted 

17 housing programs are located in ‘‘high-cost’’ 

18 housing markets; 

19 (G) the extent to which employers are able 

20 to, and have made, use of the tax benefits pro21 vided under this Act; 

22 (H) the information contained in the re23 ports submitted under section 5(e); 

24 (I) any other information that the Comp25 troller General determines would be relevant 
26

•S 1330 IS

1 and helpful to the Secretary of Housing and 

2 Urban Development (in this section referred to 

3 as the ‘‘Secretary’’) in evaluating the effects of 

4 the tax benefits provided under sections 3 and 

5 4 and the grant program established under sec6 tion 5. 

7 (c) CONSULTATION.—In conducting the study re8 quired under subsection (a), the Comptroller General shall 

9 consult with— 

10 (1) appropriate Federal, State, and local gov11 ernment entities; and 

12 (2) interested groups, businesses, persons, uni13 versities, and organizations. 

14 (d) REPORT.— 

15 (1) INTERIM REPORT.—Not later than January 

16 1, 2008, the Comptroller General shall submit to the 

17 Secretary an interim report on the findings of the 

18 study required under subsection (a). 

19 (2) FINAL REPORT.—Not later than December 

20 31, 2009, the Comptroller General shall submit to 

21 the Secretary a final report that describes— 

22 (A) the findings of the study required 

23 under subsection (a); and 

24 (B) any conclusions and recommendations 

25 of such study. 
27

•S 1330 IS

1 (e) AUTHORIZATION OF APPROPRIATIONS.—There 

2 are authorized to be appropriated $1,000,000 to carry out 

3 this section.

Æ