I 

117TH CONGRESS 

1ST SESSION H. R. 1847 

To suspend obligations of residential renters and mortgagors to make 

payments during the COVID–19 emergency, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 11, 2021 

Ms. OMAR (for herself, Mr. LOWENTHAL, Ms. LEE of California, Mr. BOWMAN, Mr. POCAN, Mr. GRIJALVA, Mr. JONES, Mrs. WATSON COLEMAN, 

Mr. GARCI ́A of Illinois, Ms. PRESSLEY, Ms. JAYAPAL, Mr. THOMPSON of 

Mississippi, Ms. NORTON, Ms. VELA ́ZQUEZ, Ms. TLAIB, Ms. CLARKE of 

New York, Mr. ESPAILLAT, Ms. WILSON of Florida, Ms. SCHAKOWSKY, 

Mr. MCGOVERN, Mr. GOMEZ, Mr. CARSON, Ms. OCASIO-CORTEZ, Mr. 

NADLER, and Ms. BUSH) introduced the following bill; which was referred 

to the Committee on Financial Services 

A BILL 

To suspend obligations of residential renters and mortgagors 

to make payments during the COVID–19 emergency, 

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 ‘‘Rent and Mortgage 

5 Cancellation Act of 2021’’. 


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1 SEC. 2. SUSPENSION OF OBLIGATIONS TO MAKE RESIDEN2 TIAL MORTGAGE AND RENT PAYMENTS. 

3 (a) RENT PAYMENTS.— 

4 (1) SUSPENSION.—Notwithstanding any other 

5 provision of law, the obligation of each tenant house6 hold of a covered rental dwelling unit to pay rent for 

7 occupancy in such dwelling unit shall be suspended 

8 with respect to such occupancy during the COVID9 19 suspension period. 

10 (2) PROHIBITIONS.— 

11 (A) ON FINES.—No tenant or tenant 

12 household may be charged a fine or fee for non13 payment of rent in accordance with paragraph 

14 (1) and such nonpayment of rent shall not be 

15 grounds for any termination of tenancy or evic16 tion. 

17 (B) ON DEBT.—No tenant or tenant 

18 household may be treated as accruing any debt 

19 by reason of suspension of contribution of rent 

20 under paragraph (1). 

21 (C) ON REPAYMENT.—No tenant or tenant 

22 household may be held liable for repayment of 

23 any amount of rent contribution suspended 

24 under paragraph (1). 

25 (D) ON CREDIT SCORES.—The non26 payment of rent by a tenant or tenant houseVerDate Sep 11 2014 20:33 May 03, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1847.IH H1847

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1 hold shall not be reported to a consumer report2 ing agency nor shall such nonpayment adversely 

3 affect a tenant or member of a tenant house4 hold’s credit score. 

5 (b) MORTGAGE PAYMENTS.— 

6 (1) SUSPENSION.—Notwithstanding any other 

7 provision of law, the obligation of each mortgagor 

8 under a covered residential mortgage loan to make 

9 mortgage payments of principal and interest that be10 come due during the COVID-19 suspension period is 

11 hereby suspended. 

12 (2) REQUIREMENTS AND PROHIBITIONS.— 

13 (A) ON DEBT.—No mortgagor under any 

14 covered residential mortgage loan may be held 

15 responsible for payment of mortgage payments 

16 suspended under paragraph (1) or treated as 

17 accruing any debt by reason of suspension 

18 under such paragraph of the obligation to make 

19 mortgage payments. 

20 (B) ON FORECLOSURE.—A mortgagee 

21 under a covered residential mortgage loan (or 

22 servicer for such mortgagee) may not commence 

23 or continue any judicial foreclosure action or 

24 non-judicial foreclosure process or any action 

25 for failure to make a payment due under such 


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1 mortgage that is suspended pursuant to para2 graph (1). 

3 (C) ON FEES, PENALTIES, AND INTER4 EST.—No fees, penalties, or additional interest 

5 beyond the amounts scheduled or calculated as 

6 if the mortgagor made all contractual payments 

7 on time and in full under the terms of the 

8 mortgage contract in effect as of the commence9 ment of the COVID-19 suspension period shall 

10 accrue. 

11 (D) ON CREDIT SCORES.—The non12 payment of a mortgage payment by a mort13 gagor pursuant to suspension under paragraph 

14 (1) of the obligation to make such payment 

15 shall not be reported to a consumer reporting 

16 agency nor shall such nonpayment adversely af17 fect a mortgagor’s credit score. 

18 (c) NOTICE.—The Secretary of Housing and Urban 

19 Development shall establish and carry out a system to no20 tify all tenants of covered rental dwelling units, including 

21 tenants described in section 8(1)(B)(ii), and all mortga22 gors under covered residential mortgage loans, of the sus23 pensions under paragraph (1) of subsections (a) and (b) 

24 of the obligations to make rental payments or mortgage 


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1 payments, respectively, and of their right to pursue legal 

2 action pursuant to section 4. 

3 SEC. 3. FORGIVENESS OF RESIDENTIAL RENT AND MORT4 GAGE DEBT. 

5 (a) RENT DEBT.— 

6 (1) IN GENERAL.—Notwithstanding any other 

7 provision of law, all debt for unpaid residential rent 

8 arrears for a covered rental dwelling unit that ac9 crued from March 13, 2020, through April 1, 2022, 

10 is hereby forgiven. 

11 (2) PREEMPTION.—To the extent that any 

12 State or local law or decision of any State or local 

13 court or arbitral body conflicts with paragraph (1), 

14 it is preempted and shall have no force or effect. 

15 (3) NO EFFECT ON CREDIT SCORE.—Receipt of 

16 forgiveness of residential rent debt pursuant to para17 graph (1) shall not be reported to any consumer re18 porting agency nor shall receipt of such forgiveness 

19 adversely affect the credit score of any tenant or 

20 member of a tenant household. 

21 (b) MORTGAGE DEBT.— 

22 (1) IN GENERAL.—Notwithstanding any other 

23 provision of law, all debt for unpaid residential mort24 gage arrears under a covered residential mortgage 


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1 loan that accrued from March 13, 2020, through 

2 April 1, 2022, is hereby forgiven. 

3 (2) REDUCTION OF BALANCE.—By consequence 

4 of the forgiveness required under paragraph (1), for5 given mortgage debt shall be reduced from mortga6 gors’ interest and principal balances, as applicable. 

7 (3) PREEMPTION.—To the extent that any 

8 State or local law or decision of any State or local 

9 court or arbitral bodies conflicts with paragraph (1), 

10 it is preempted and shall have no force or effect. 

11 (4) NO EFFECT ON CREDIT SCORE.—Receipt of 

12 forgiveness of residential rent debt pursuant to para13 graph (1) shall not be reported to any consumer re14 porting agency nor shall receipt of such forgiveness 

15 adversely affect the credit score of a mortgagor. 

16 (c) NOTICE.—The Secretary of Housing and Urban 

17 Development shall establish and carry out a system to no18 tify all tenants of covered rental dwelling units, including 

19 tenants described in section 8(1)(B)(ii), and all mortga20 gors under covered residential mortgage loans, of the for21 giveness under paragraph (1) of subsections (a) and (b) 

22 of debt for unpaid residential rent and mortgage arrears, 

23 respectively, and of their right to pursue legal action pur24 suant to section 4. 


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1 SEC. 4. CIVIL ACTION. 

2 (a) IN GENERAL.—Any individual aggrieved by an 

3 adverse action taken by a lessor or mortgagee for exer4 cising rights under section 2 or 3 may commence a civil 

5 action under this section against the lessor or mortgagee 

6 violating such section in an appropriate United States dis7 trict court or State court not later than 2 years after such 

8 violation occurs for damages under subsection (b). 

9 (b) DAMAGES; PENALTY.—Any lessor or mortgagee 

10 found to have taken adverse action against any lessee or 

11 mortgagor for exercising rights under section 2 shall be 

12 liable— 

13 (1) to the individual aggrieved by such viola14 tion, for any actual damages as a result of such ad15 verse action; and 

16 (2) for a fine in the amount of— 

17 (A) $5,000, in the case of violation that is 

18 the first violation by such lessor or mortgagee; 

19 (B) $10,000, in the case of violation that 

20 is the second violation by such lessor or mort21 gagee; and 

22 (C) $50,000 or forfeiture of the property, 

23 in the case of violation that is the third or sub24 sequent violation by such lessor or mortgagee. 

25 (c) AUTHORITY OF COURT.—In an action brought 

26 under this section, the court— 


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1 (1) may award preventative relief, including a 

2 permanent or temporary injunction or other order, 

3 to ensure the full rights granted by subsections (a) 

4 and (b) of section 2 and by subsections (a) and (b) 

5 of section 3; and 

6 (2) shall award any prevailing plaintiff, other 

7 than the United States, reasonable attorney’s fee 

8 and costs. 

9 (d) ATTORNEY GENERAL ENFORCEMENT.—The At10 torney General may bring a civil action in any appropriate 

11 United States district court against any individual who 

12 violates subsection (a) or (b) of section 2 for fines, or sub13 section (a) or (b) of section 3, under subsection (b)(2) of 

14 this section. 

15 SEC. 5. LANDLORD RELIEF FUND. 

16 (a) ESTABLISHMENT.—The Secretary of Housing 

17 and Urban Development shall establish and manage a 

18 Landlord Relief Fund (in this section referred to as the 

19 ‘‘Fund’’), to provide lessors payments under this section 

20 to reimburse such lessors for payments under covered 

21 rental dwelling units suspended or forgiven pursuant to 

22 section 2(a) or 3(a), respectively. 

23 (b) APPLICATION.—The Secretary shall provide for 

24 lessors of covered rental dwelling units to apply for reim25 bursement payments from the Fund, which applications 


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1 shall include the certifications and binding agreements re2 quired pursuant to subsection (c). 

3 (c) ELIGIBILITY.—The Secretary may provide a pay4 ment under this section only with respect to covered rental 

5 dwelling units that meet all of the following requirements: 

6 (1) FAIR RENTAL REQUIREMENTS.—The lessor 

7 of the covered rental dwelling unit has made such 

8 certifications to, and entered into such binding 

9 agreements with, the Secretary as the Secretary con10 siders necessary to ensure that during the 5-year pe11 riod beginning upon initial receipt by such lessor of 

12 payment under this section for such dwelling unit, 

13 such dwelling unit shall be subject to the following 

14 requirements: 

15 (A) RENT FREEZE.—The monthly rent for 

16 the dwelling unit may not be increased from the 

17 amount of such rent charged as of the date of 

18 the enactment of this Act. 

19 (B) JUST-CAUSE EVICTIONS.—A tenant of 

20 the dwelling unit may be evicted only for just 

21 cause and only pursuant to advance written no22 tice to the tenant of such just cause. 

23 (C) SOURCE OF INCOME DISCRIMINA24 TION.—The lessor may not refuse to rent the 

25 dwelling unit, or discriminate in the renting of 


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1 the dwelling unit, to a household based on the 

2 source of income of such household, including 

3 income under the program under section 8(o) of 

4 the United States Housing Act of 1937 (42 

5 U.S.C. 1437f(o)) or any similar tenant-based 

6 rental assistance program. 

7 (D) NEW VACANCIES.—The lessor shall co8 ordinate with the public and other housing au9 thorities for the jurisdiction within which the 

10 dwelling unit is located to make the dwelling 

11 unit available, upon any vacancy, to households 

12 assisted as described in subparagraph (C). 

13 (E) ADMISSIONS RESTRICTIONS.—The les14 sor may not restrict tenancy of the dwelling 

15 unit on the basis of sexual identity or orienta16 tion, gender identity or expression, conviction or 

17 arrest record, credit history, or immigration 

18 status. 

19 (F) ARREARAGES.—The lessor may not 

20 collect an arrearage in rent owed by the tenant 

21 as of the expiration of such 5-year period. 

22 (G) RETALIATION.—The lessor may not 

23 retaliate in any way against a tenant of the 

24 dwelling unit. 


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1 (H) DEBT COLLECTORS AND CREDIT RE2 PORTING AGENCIES.—The lessor may not re3 port the tenant of the dwelling unit to a debt 

4 collector or provide any adverse information re5 garding the tenant to any credit reporting agen6 cy. 

7 (2) REQUIRED DISCLOSURES.— 

8 (A) IN GENERAL.—The lessor shall dis9 close, for any person that has an ownership in10 terest in the lessor, including any members, 

11 shareholders, general partners, or limited part12 ners, if applicable, the following information: 

13 (i) Name. 

14 (ii) Address of place of residence. 

15 (iii) Date of birth. 

16 (iv) Social Security Number or Em17 ployer Identification Number. 

18 (v) Size of their interest in the lessor. 

19 (vi) Type of entity. 

20 (vii) State of incorporation. 

21 (viii) Registered agent. 

22 (ix) Address of any covered rental 

23 dwelling units owned by such person. 


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1 (x) Occupancy or vacancy status of all 

2 covered rental dwelling units owned by 

3 such person. 

4 (xi) Current rents charged for all cov5 ered rental dwelling units owned by such 

6 person. 

7 (xii) Total assets and liabilities. 

8 (B) NON-NATURAL PERSONS.—For any 

9 person identified in the disclosure required by 

10 this paragraph that is not a natural person, the 

11 lessor shall provide the information required by 

12 subparagraph (A) for that entity and for any 

13 persons with ownership interests in that entity 

14 and shall provide that information iteratively 

15 for each layer of ownership until all ownership 

16 interests are traced back to natural persons or 

17 publicly traded corporations. 

18 (C) EXEMPTION.—Nothing in this para19 graph shall require the disclosure of the identity 

20 of, or personally-identifying information regard21 ing, shareholders of publicly traded corpora22 tions. 

23 (3) PROHIBITION ON DUPLICATION OF ASSIST24 ANCE.—Assistance may not be provided under this 


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1 section with respect to any dwelling unit for which 

2 assistance is provided pursuant to section 6. 

3 (d) AMOUNT.— 

4 (1) IN GENERAL.—Subject to paragraph (2), 

5 the amount of a payment under this section with re6 spect to a covered rental dwelling unit may not ex7 ceed the aggregate amount of rent for the dwelling 

8 unit suspended or forgiven pursuant to section 2(a) 

9 or 3(a) and attributable only to days during the 

10 COVID-19 suspension period that the dwelling unit 

11 was occupied by a tenant otherwise required to pay 

12 rent for such occupancy. 

13 (2) REIMBURSEMENT FOR RENT PAID BY TEN14 ANTS.—In making payments under this section with 

15 respect to any covered dwelling unit for which tenant 

16 made a payment of rent during the COVID-19 sus17 pension period, the Secretary shall— 

18 (A) reduce the amount of the payment to 

19 the lessor under paragraph (1) by the amount 

20 of any such rent paid; and 

21 (B) make a payment to such tenant in the 

22 amount of any such rent paid. 

23 (e) PRIORITY.—In making payments under this sec24 tion, the Secretary shall establish a tiered system for pri25 ority for such payments based on assets, revenues, discloVerDate Sep 11 2014 20:33 May 03, 2021 Jkt 019200 PO 00000 Frm 00013 Fmt 6652 Sfmt 6201 E:\BILLS\H1847.IH H1847

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1 sure requirements, and profit status with respect to les2 sors. Such system shall provide priority for making pay3 ments to eligible lessors that are nonprofit organizations 

4 or entities and lessors having the fewest available amount 

5 of assets. 

6 (f) RECAPTURE.—If a lessor violates any requirement 

7 with respect to a covered rental dwelling unit under any 

8 certification or agreement entered into pursuant to sub9 section (c)(2), the Secretary shall recapture from the les10 sor an amount equal to the entire amount of assistance 

11 provided under this section that is attributable to such 

12 dwelling unit and cover such amount recaptured into the 

13 Fund. 

14 (g) AUTHORIZATION OF APPROPRIATIONS.—There is 

15 authorized to be appropriated for the Landlord Relief 

16 Fund established pursuant to this section such sums as 

17 may be necessary to reimburse all lessors for all rent pay18 ments suspended pursuant to section 2(a) or forgiven pur19 suant to section 3(a). 

20 SEC. 6. LENDER RELIEF FUND. 

21 (a) ESTABLISHMENT.—The Secretary of Housing 

22 and Urban Development shall establish and manage a 

23 Lender Relief Fund (in this section referred to as the 

24 ‘‘Fund’’), to provide mortgagees payments under this sec25 tion to reimburse such mortgagees for mortgage payments 


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1 suspended pursuant to section 2(b) or for residential mort2 gage debt forgiven pursuant to section 3(b). 

3 (b) APPLICATION.—The Secretary shall provide for 

4 mortgagees under covered residential mortgage loans to 

5 apply for reimbursement payments from the Fund, which 

6 applications shall include the certifications and binding 

7 agreements required pursuant to subsection (c). The Sec8 retary shall provide that an eligible mortgagee may apply 

9 for assistance from the Fund only once with respect to 

10 any covered residential mortgage loan. 

11 (c) ELIGIBILITY.—The Secretary may provide a pay12 ment under this section only with respect to covered resi13 dential mortgage loans that meet all of the following re14 quirements: 

15 (1) FAIR AND INCLUSIVE LENDING REQUIRE16 MENTS.—The mortgagee for the mortgage loan has 

17 made such certifications to, and entered into such 

18 binding agreements with, the Secretary as the Sec19 retary considers necessary to ensure that during the 

20 5-year period beginning upon initial receipt by such 

21 mortgagee of payment under this section for such 

22 mortgage loan, such mortgagee shall be subject to 

23 the following requirements: 

24 (A) REPORTING ON LENDING.—The mort25 gagee shall report annually to the Secretary 


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1 such detailed information regarding residential 

2 mortgage loans made by such mortgagee as the 

3 Secretary shall require, including the race, eth4 nicity, age, and credit score of mortgagors, the 

5 zip codes of properties for which mortgages 

6 were made, and the interest rates and other 

7 loan pricing features of such mortgage loans. 

8 (B) REPORTING ON LENDER.—The mort9 gagee shall report annually to the Secretary 

10 such detailed information regarding the mort11 gagee as the Secretary shall require, including 

12 the location of the offices of the mortgagee, and 

13 practices and systems for outreach to and refer14 ral of borrowers. 

15 (2) REQUIRED DISCLOSURES.— 

16 (A) IN GENERAL.—The mortgagee for the 

17 mortgage loan shall disclose, for any person 

18 that has an ownership interest in the mort19 gagee, including any members, shareholders, 

20 general partners, or limited partners, if applica21 ble, the following information: 

22 (i) Name. 

23 (ii) Address of place of residence. 

24 (iii) Date of birth. 


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1 (iv) Social Security Number or Em2 ployer Identification Number. 

3 (v) Size of their interest in the mort4 gagee. 

5 (vi) Type of entity. 

6 (vii) State of incorporation. 

7 (viii) Registered agent. 

8 (ix) Address of any covered rental 

9 dwelling units owned by such person. 

10 (x) Occupancy or vacancy status of all 

11 covered rental dwelling units owned by 

12 such person. 

13 (xi) Current rents charged for all cov14 ered rental dwelling units owned by such 

15 person. 

16 (xii) Total assets and liabilities. 

17 (B) NON-NATURAL PERSONS.—For any 

18 person identified in the disclosure required by 

19 this paragraph that is not a natural person, the 

20 mortgagee shall provide the information re21 quired by subparagraph (A) for that entity and 

22 for any persons with ownership interests in that 

23 entity and shall provide that information 

24 iteratively for each layer of ownership until all 


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1 ownership interests are traced back to natural 

2 persons or publicly traded corporations. 

3 (C) EXEMPTION.—Nothing in this para4 graph shall require the disclosure of the identity 

5 of, or personally-identifying information regard6 ing, shareholders of publicly traded corpora7 tions. 

8 (3) PROHIBITION ON DUPLICATION OF ASSIST9 ANCE.—Assistance may not be provided under this 

10 section with respect to any dwelling unit subject to 

11 a covered residential mortgage loan for which assist12 ance is provided pursuant to section 5. 

13 (d) AMOUNT.— 

14 (1) IN GENERAL.—Subject to paragraph (2), 

15 the amount of a payment under this section with re16 spect to a covered residential mortgage may not ex17 ceed the aggregate amount of mortgage payments 

18 under the mortgage suspended pursuant to section 

19 2(b) or forgiven pursuant to section 3(b). 

20 (2) REIMBURSEMENT FOR MORTGAGE PAY21 MENTS MADE BY MORTGAGORS.—In making pay22 ments under this section with respect to any covered 

23 residential mortgage loan for which the mortgagor 

24 made a mortgage payment during the COVID-19 

25 suspension period, the Secretary shall— 


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1 (A) reduce the amount of the payment to 

2 the mortgagee under paragraph (1) by the 

3 amount of any such mortgage payments paid; 

4 and 

5 (B) make a payment to the mortgagor in 

6 the amount of any such mortgages payments 

7 paid. 

8 (e) AUTHORIZATION OF APPROPRIATIONS.—There is 

9 authorized to be appropriated for the Lender Relief Fund 

10 established pursuant to this section such sums as may be 

11 necessary to reimburse all lessors for all rent payments 

12 suspended pursuant to section 2(b) or forgiven pursuant 

13 to section 3(b). 

14 SEC. 7. AFFORDABLE HOUSING ACQUISITION FUND. 

15 (a) ESTABLISHMENT.—The Secretary of Housing 

16 and Urban Development shall establish and manage an 

17 Affordable Housing Acquisition Fund (in this section re18 ferred to as the ‘‘Fund’’), to fund the acquisition of multi19 family housing projects by eligible purchasers to— 

20 (1) ensure that tenants have access to safe and 

21 habitable housing conditions regardless of their land22 lords’ ability to pay for repairs and maintenance 

23 during and after the COVID-19 pandemic; 

24 (2) prevent financial hardship for rental prop25 erty owners; and 


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1 (3) prevent a mass exit in the rental housing 

2 market that results in massive corporate purchases 

3 similar to the 2008 economic crisis. 

4 (b) FIRST RIGHT OF PURCHASE.— 

5 (1) NOTICE TO SECRETARY.—During the 5- 

6 year period beginning upon the date of the enact7 ment of this Act, the owner of a multifamily housing 

8 property may not sell or transfer ownership of such 

9 property unless— 

10 (A) the owner has notified the Secretary, 

11 in accordance with such requirements as the 

12 Secretary shall establish, of the owner’s intent 

13 to sell or transfer the property; 

14 (B) a period of 60 days, beginning upon 

15 provision of such notice to the Secretary, has 

16 elapsed; and 

17 (C) if during such 60-day period any eligi18 ble purchaser under paragraph (3) applies to 

19 the Secretary for purchase assistance under 

20 subsection (c) with respect to such property, the 

21 Secretary has approved or denied such applica22 tion and, if approved, the eligible purchaser has 

23 made a bona fide offer to the owner to purchase 

24 such project in the amount determined under 

25 subsection (c)(3)(A). 


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1 (2) NOTICE TO ELIGIBLE PURCHASERS.—Upon 

2 provision to the Secretary of notice under paragraph 

3 (1)(A) regarding a multifamily housing project, the 

4 Secretary shall take such actions as may be nec5 essary to provide notice to eligible purchasers of the 

6 owner’s intent to sell or transfer the property. 

7 (3) ELIGIBLE PURCHASERS.—For purposes of 

8 this section, an eligible purchaser under this para9 graph shall be a nonprofit organization, a public 

10 housing agency, a cooperative housing association, a 

11 community land trust, or a State or unit of local 

12 government or an agency thereof, as such terms are 

13 defined by the Secretary. 

14 (c) PURCHASE ASSISTANCE.— 

15 (1) APPLICATION.—The Secretary shall provide 

16 for eligible purchasers to apply for assistance from 

17 the Fund to cover the cost of acquisition of a multi18 family housing project for which notice has been 

19 submitted pursuant to subsection (1)(A). 

20 (2) CRITERIA.—The Secretary shall establish 

21 such criteria and preferences as the Secretary con22 siders appropriate to select an eligible purchaser for 

23 assistance under this section in cases in which more 

24 than one approvable application for such assistance 


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1 is submitted with respect to a single multifamily 

2 housing project. 

3 (3) AMOUNT.—Pursuant to an application sub4 mitted under paragraph (1) with respect to a multi5 family housing project, the Secretary may provide 

6 assistance from the Fund on behalf of eligible pur7 chaser submitting such application, in an amount 

8 equal to the purchase price for the project agreed to 

9 under subparagraph (A) of this paragraph, but only 

10 if the Secretary determines that— 

11 (A) such eligible purchaser and the owner 

12 of such multifamily housing project have volun13 tarily agreed to a sale of such project to the eli14 gible purchaser for an amount not exceeding 

15 the fair market value of the project as of the 

16 time of provision of assistance from the Fund 

17 for purchase of the project, as determined by 

18 the Secretary; and 

19 (B) the eligible purchaser has made the 

20 certifications and entered into the agreements 

21 required under subsection (d) with respect to 

22 the project. 

23 (d) AFFORDABLE HOUSING RESTRICTIONS.—The 

24 certifications and agreements required under this sub25 section with respect to a multifamily housing project are 


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1 such certifications to, and binding agreements with, the 

2 Secretary as the Secretary considers necessary to ensure 

3 that during the useful life of the project the project will 

4 comply with the following requirements: 

5 (1) AFFORDABLE HOUSING.—The project shall 

6 comply with the requirements under section 215(a) 

7 of the Cranston-Gonzalez National Affordable Hous8 ing Act (42 U.S.C. 12745(a)) necessary to qualify 

9 under such section as affordable housing. 

10 (2) JUST-CAUSE EVICTIONS.—A tenant of the 

11 project may be evicted only for just cause and only 

12 pursuant to advance written notice to the tenant of 

13 such just cause. 

14 (3) SOURCE OF INCOME DISCRIMINATION.—A 

15 prospective tenant household of the project may not 

16 be refused rental of a dwelling unit in the project, 

17 and a prospective tenant household or tenant house18 hold may not be discriminated against in the renting 

19 of a dwelling unit in the project, based on the source 

20 of income of such household, including income under 

21 the program under section 8(o) of the United States 

22 Housing Act of 1937 (42 U.S.C. 1437f(o)) or any 

23 similar tenant-based rental assistance program. 

24 (4) ADMISSIONS RESTRICTIONS.—Tenancy of 

25 dwelling units in the project may not be restricted 


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1 on the basis of sexual identity or orientation, gender 

2 identity or expression, conviction or arrest record, 

3 credit history, or immigration status. 

4 (5) SUPPORTIVE SERVICES.—Residents of the 

5 project shall be provided with free, voluntary sup6 portive services that help address the needs of those 

7 experiencing chronic homelessness or housing insta8 bility, including access to healthcare, employment or 

9 education assistance, childcare, financial literacy 

10 education, and other community-based support serv11 ices, as the Secretary shall require. 

12 (6) DEMOCRATIC CONTROL.—Tenants of the 

13 project shall have control of living and operating 

14 conditions in the project through a democratically 

15 elected resident board or council. 

16 (e) RECAPTURE.—If an eligible purchaser violates 

17 any requirement with respect to a multifamily housing 

18 project purchased with assistance provided from the Fund 

19 under any certification or agreement entered into pursu20 ant to subsection (d), the Secretary shall recapture from 

21 the eligible purchase an amount equal to the amount of 

22 such assistance provided and shall cover such amount re23 captured into the Fund. 

24 (f) AUTHORIZATION OF APPROPRIATIONS.—There is 

25 authorized to be appropriated for the Affordable Housing 


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1 Acquisition Fund established pursuant to this section such 

2 sums as may be necessary— 

3 (1) for assistance under this section to fund ac4 quisition of multifamily housing projects by eligible 

5 purchasers; and 

6 (2) for each fiscal year, for assistance for the 

7 operation and maintenance of eligible properties pur8 chased with assistance provided from the Fund. 

9 SEC. 8. DEFINITIONS. 

10 For purposes of this Act, the following definitions 

11 shall apply: 

12 (1) COVERED RENTAL DWELLING UNIT.—The 

13 term ‘‘covered rental dwelling unit’’ means a dwell14 ing that is occupied by a tenant— 

15 (A) as a primary residence; and 

16 (B)(i) pursuant to a residential lease; or 

17 (ii) without a lease or with a lease ter18 minable at will under State law. 

19 Such term includes such a dwelling unit in multi20 family housing, single-family housing, a condo21 minium unit, a unit in cooperative housing, a dwell22 ing unit that is occupied pursuant to a sublease, a 

23 single-room occupancy unit, and a manufactured 

24 housing dwelling unit and the lot on which it is lo25 cated. 


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26 

•HR 1847 IH

1 (2) COVERED RESIDENTIAL MORTGAGE

2 LOAN.—The term ‘‘covered residential mortgage 

3 loan’’ means any consumer credit transaction that is 

4 secured by a mortgage, deed of trust, or other equiv5 alent consensual security interest on residence con6 sisting of a single dwelling unit that is occupied by 

7 the mortgagor as a primary residence. 

8 (3) COVID-19 SUSPENSION PERIOD.—The term 

9 ‘‘COVID-19 suspension period’’ means the period 

10 beginning on March 1, 2020, and ending on April 1, 

11 2022. 

12 (4) MULTIFAMILY HOUSING PROJECT.—The 

13 term ‘‘multifamily housing project’’ means a residen14 tial structure consisting of 5 or more dwelling units. 

15 (5) SECRETARY.—The term ‘‘Secretary’’ means 

16 the Secretary of Housing and Urban Development. 

17 SEC. 9. REGULATIONS. 

18 The Secretary may issue any regulations necessary 

19 to carry out this Act. 

Æ 


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