II 

110TH CONGRESS 

1ST SESSION S. 1078 

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 

APRIL 10, 2007 

Mrs. CLINTON (for herself, Mr. MARTINEZ, Mr. KENNEDY, Mr. DURBIN, Mr. 

LIEBERMAN, Mr. REED, and Mr. SMITH) 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: 

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1 (1) Resurgent housing markets are pricing out 

2 low- and moderate-income families and are pro3 ducing few lower-cost units. 

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) Despite the lowest mortgage rates in our 

10 Nation’s history, millions of working families still 

11 find it extremely difficult to rent or purchase a 

12 home. Many workers who fill jobs that provide the 

13 backbone of our communities—teachers, firefighters, 

14 and police officers—often cannot afford to live in the 

15 communities in which they serve. 

16 (4) The United States Department of Housing 

17 and Urban Development (HUD) considers housing 

18 affordable when a family spends no more than 30 

19 percent of its monthly income on rent and utilities. 

20 Entry-level wage earners with annual incomes of up 

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

22 their income on rent can only afford to pay up to 

23 $750 for rent. In the high job-growth areas, such 

24 rents are not readily available. 

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1 (5) 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 despite the fact they were working full time jobs. 

7 Moreover, the number of working families with crit8 ical housing problems has increased 67 percent be9 tween 1997 and 2003. 

10 (6) Affordable housing is the key to creating 

11 and sustaining healthy, economically vibrant commu12 nities. 

13 (7) The lack of affordable housing across the 

14 United States has been shown to cause or contribute 

15 to labor shortages. 

16 (8) Under employer-assisted housing (EAH) 

17 programs employers provide much needed housing 

18 assistance to their employees. 

19 (9) EAH programs are innovative local solu20 tions that have increased affordable housing oppor21 tunities for thousands of working families across 

22 America while benefitting the economy. 

23 (10) According to findings of the Rutgers Uni24 versity American Affordable Housing Institute, em25 ployer-assisted housing increases productivity by remstockstill on PROD1PC66 with BILLS

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1 ducing commuting time as well as saves money on 

2 recruitment and retention. 

3 (11) The future growth of EAH programs will 

4 remain dependent upon increasing individual em5 ployer knowledge and implementation of these pro6 grams. 

7 (12) EAH programs will not solve the Nation’s 

8 housing problems but such programs do seek to ad9 dress the challenge from a new perspective and allow 

10 the private sector to play a direct role in promoting 

11 housing affordability. Additionally, EAH programs 

12 can help to promote redevelopment and reinvestment 

13 in distressed communities. 

14 (b) PURPOSES.—The purposes of this Act are as fol15 lows: 

16 (1) To expand affordable housing opportunities 

17 to low- and moderate-income working individuals 

18 and families. 

19 (2) To encourage employers, counties, and mu20 nicipalities to invest in employer-assisted housing 

21 programs. 

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

23 HOUSING ASSISTANCE. 

24 (a) IN GENERAL.—Subpart D of part IV of sub25 chapter A of chapter 1 of the Internal Revenue Code of 

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1 1986 (relating to business related credits) is amended by 

2 adding at the end the following new section: 

3 ‘‘SEC. 45O. EMPLOYER-PROVIDED EMPLOYEE HOUSING AS4 SISTANCE. 

5 ‘‘(a) ALLOWANCE OF CREDIT.— 

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

7 the employer-provided employee housing assistance 

8 credit determined under this section for any taxable 

9 year is an amount equal to 50 percent of the quali10 fied housing expenses paid by the employer during 

11 the taxable year if such expenses are furnished pur12 suant to a program described in subsection (b). 

13 ‘‘(2) PER EMPLOYEE LIMITATION.— 

14 ‘‘(A) IN GENERAL.—The aggregate 

15 amount of qualified housing expenses taken into 

16 account with respect to any eligible employee 

17 for any taxable year shall not exceed, when 

18 added to any qualified housing expenses taken 

19 into account for any preceding taxable year 

20 with respect to such employee— 

21 ‘‘(i) in the case of homeownership as22 sistance, the lesser of $10,000 or 6 percent 

23 of the purchase price of such employee’s 

24 principal residence, and 

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

2 $2,000. 

3 ‘‘(B) INFLATION ADJUSTMENT.— 

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

5 taxable year beginning after 2009, each 

6 dollar amount referred to in subparagraph 

7 (A) shall be increased by an amount equal 

8 to— 

9 ‘‘(I) such dollar amount, multi10 plied by 

11 ‘‘(II) the cost-of-living adjust12 ment determined under section 

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

14 which the taxable year begins, by sub15 stituting ‘2008’ for ‘1992’. 

16 ‘‘(ii) ROUNDING.—If any amount as 

17 adjusted under clause (i) is not a multiple 

18 of $50, such amount shall be rounded to 

19 the nearest multiple of $50. 

20 ‘‘(b) HOUSING ASSISTANCE PROGRAM.—For pur21 poses of this section, a housing assistance program is a 

22 separate written plan of an employer for the exclusive ben23 efit of such employer’s employees to provide the qualified 

24 housing expenses of such employees and which meets remstockstill on PROD1PC66 with BILLS

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1 quirements similar to the requirements of paragraphs (2) 

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

3 ‘‘(c) DEFINITIONS AND SPECIAL RULES.—For pur4 poses of this section— 

5 ‘‘(1) ELIGIBLE EMPLOYEE.— 

6 ‘‘(A) IN GENERAL.—The term ‘eligible em7 ployee’ means any individual— 

8 ‘‘(i) employed by an employer, 

9 ‘‘(ii) whose household income does not 

10 exceed 120 percent of the area median 

11 gross income (adjusted for household size) 

12 for the metropolitan statistical area (as de13 fined in section 143(k)(2)(B)) in which the 

14 housing is located, and 

15 ‘‘(iii) in the case of homeownership 

16 assistance, who is a qualified homebuyer. 

17 If the housing with respect to such employee is 

18 located in a high housing cost area (as defined 

19 in section 143(f)(5)(C)), the income limitation 

20 under subparagraph (B) shall be adjusted (but 

21 not reduced) by the application of the rule 

22 under section 143(f)(5) by substituting ‘120 

23 percent’ for ‘115 percent’ in subparagraph 

24 (B)(I) thereof. 

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1 ‘‘(B) CERTAIN EMPLOYEES NOT ELIGI2 BLE.—The term ‘eligible employee’ shall not in3 clude— 

4 ‘‘(i) any individual described in sub5 paragraph (A), (B), or (C) of section 

6 51(i)(1), and 

7 ‘‘(ii) any 5-percent owner (as defined 

8 in section 416(i)(1)(B)). 

9 ‘‘(2) QUALIFIED HOUSING EXPENSES.— 

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

11 housing expenses’ means rental assistance or 

12 homeownership assistance towards the lease or 

13 purchase of housing. 

14 ‘‘(B) RENTAL ASSISTANCE.—The term 

15 ‘rental assistance’ means assistance with secu16 rity deposits and rental payments. 

17 ‘‘(C) HOMEOWNERSHIP ASSISTANCE.—The 

18 term ‘homeownership assistance’ means assist19 ance for the purchase of a principal residence, 

20 including— 

21 ‘‘(i) payment of qualified acquisition 

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

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

24 of) financing, including the funding of a 

25 permanent interest rate buydown, 

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1 ‘‘(iii) contributions to second mort2 gage pools or low interest loan programs 

3 accessible to eligible employees, 

4 ‘‘(iv) mortgage guarantee programs 

5 for the repayment of any loans in default 

6 that are secured by an eligible employee 

7 and guaranteed by the employer, 

8 ‘‘(v) contributions to Individual Devel9 opment Accounts (within the meaning of 

10 section 404(h) of the Social Security Act) 

11 which are designated exclusively for the 

12 purchase of a home, and 

13 ‘‘(vi) contributions to homebuyer edu14 cation and homeownership counseling of el15 igible employees. 

16 ‘‘(3) PRINCIPAL RESIDENCE.—The term ‘prin17 cipal residence’ has the same meaning as when used 

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

19 residence with a purchase price exceeding the great20 er of— 

21 ‘‘(A) 90 percent of the average area pur22 chase price applicable to the residence, or 

23 ‘‘(B) 3.5 times the family income limit ap24 plicable to the eligible employee under para25 graph (1)(A)(ii). 

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1 ‘‘(4) QUALIFIED HOMEBUYER.— 

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

3 homebuyer’ means any individual if such indi4 vidual (and if married, such individual’s spouse) 

5 had no present ownership in a principal resi6 dence during the 3-year period ending on the 

7 date of the purchase of the principal residence 

8 to which this section applies. 

9 ‘‘(B) ONE-TIME ONLY.—If an individual is 

10 treated as a qualified homebuyer with respect to 

11 any principal residence, such individual may not 

12 be treated as a qualified homebuyer with re13 spect to any other principal residence. 

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

15 rules under section 127(c)(5)(A) shall apply for the 

16 purposes of this section. 

17 ‘‘(d) TREATMENT OF EMPLOYERS NOT ABLE TO

18 USE ENTIRE CREDIT.— 

19 ‘‘(1) ALLOWANCE OF CREDIT.—Except as oth20 erwise provided in this subsection, any credit allow21 able under subsection (a) to any employer described 

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

23 in this subsection and the determination as to 

24 whether the credit is allowable shall be made without 

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

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1 ‘‘(2) TRANSFER OF CREDIT.— 

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

3 in subparagraph (C) may transfer any credit to 

4 which paragraph (1) applies through an assign5 ment to any other person. Such transfer may be 

6 revoked only with the consent of the Secretary. 

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

8 prescribe such regulations as necessary to en9 sure that any credit described in subparagraph 

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

11 other person. 

12 ‘‘(C) EMPLOYER DESCRIBED.—An em13 ployer is described in this subparagraph if the 

14 employer is— 

15 ‘‘(i) a State or political subdivision 

16 thereof, the District of Columbia, a posses17 sion of the United States, or an agency or 

18 instrumentality of any of the foregoing, 

19 ‘‘(ii) an Indian tribal government 

20 (within the meaning of section 7871) or 

21 any agency or instrumentality thereof, or 

22 ‘‘(iii) any entity exempt from taxation 

23 under section 501(a). 

24 ‘‘(D) TRANSFER PROCEEDS TREATED AS

25 ARISING FROM ESSENTIAL GOVERNMENT FUNCmstockstill on PROD1PC66 with BILLS

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1 TION.—Any proceeds derived by a person de2 scribed in clause (i) or (ii) of subparagraph (C) 

3 from the transfer under subparagraph (A) of 

4 any credit to which paragraph (1) applies shall 

5 be treated as arising from the exercise of an es6 sential government function. 

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

8 under subparagraph (A) of any credit to which 

9 paragraph (1) applies shall not be treated as in10 come for purposes of section 501(c)(12).’’. 

11 (b) CREDIT ALLOWED AS PART OF GENERAL BUSI12 NESS CREDIT.—Section 38(b) of the Internal Revenue 

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

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

15 by striking the period at the end of paragraph (31) and 

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

17 new paragraph: 

18 ‘‘(32) the employer-provided employee housing 

19 assistance credit determined under section 45O(a).’’. 

20 (c) CONFORMING AMENDMENTS.— 

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

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

23 at the end of paragraph (12), by striking the period 

24 at the end of paragraph (13) and inserting ‘‘, and’’, 

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1 and by adding at the end the following new para2 graph: 

3 ‘‘(14) the employer-provided employee housing 

4 assistance credit determined under section 45O(a).’’. 

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

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

7 amended by adding at the end the following new 

8 item: 

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

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

10 this section shall apply to taxable years beginning after 

11 December 31, 2008. 

12 SEC. 4. EXCLUSION FROM INCOME OF EMPLOYER-PRO13 VIDED EMPLOYEE HOUSING ASSISTANCE. 

14 (a) IN GENERAL.—Part III of subchapter B of chap15 ter 1 of the Internal Revenue Code of 1986 (relating to 

16 items specifically excluded from gross income) is amended 

17 by inserting after section 139A the following new section: 

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

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

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

21 employee does not include amounts paid or incurred 

22 by the employer of such employee for qualified hous23 ing expenses provided to the employee if the assist24 ance is furnished pursuant to a program described 

25 in subsection (b). 

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1 ‘‘(2) LIMITATION.— 

2 ‘‘(A) IN GENERAL.—The aggregate 

3 amount of qualified housing expenses which 

4 may be excluded under paragraph (1) with re5 spect to any eligible employee for any taxable 

6 year shall not exceed, when added to any quali7 fied housing expenses excluded in any preceding 

8 taxable year with respect to such employee— 

9 ‘‘(i) in the case of homeownership as10 sistance, the lesser of $10,000 or 6 percent 

11 of the purchase price of such employee’s 

12 principal residence, and 

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

14 $2,000. 

15 ‘‘(B) INFLATION ADJUSTMENT.— 

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

17 taxable year beginning after 2009, each 

18 dollar amount referred to in subparagraph 

19 (A) shall be increased by an amount equal 

20 to— 

21 ‘‘(I) such dollar amount, multi22 plied by 

23 ‘‘(II) the cost-of-living adjust24 ment determined under section 

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

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1 which the taxable year begins, by sub2 stituting ‘2008’ for ‘1992’. 

3 ‘‘(ii) ROUNDING.—If any amount as 

4 adjusted under clause (i) is not a multiple 

5 of $50, such amount shall be rounded to 

6 the nearest multiple of $50. 

7 ‘‘(b) HOUSING ASSISTANCE PROGRAM.—For pur8 poses of this section, a housing assistance program is a 

9 separate written plan of an employer for the exclusive ben10 efit of such employer’s employees to provide the qualified 

11 housing expenses of such employees and which meets re12 quirements similar to the requirements of paragraphs (2) 

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

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

15 of this section— 

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

17 45O which is also used in this section shall have the 

18 same meaning as given such term by section 45O. 

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

20 rules under section 127(c)(5)(A) shall apply for pur21 poses of this section. 

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

23 this subtitle, if an exclusion is allowed under sub24 section (a) with respect to a residence, the basis of 

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1 such residence shall be reduced by the amount of the 

2 exclusion.’’. 

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

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

5 (relating to returns and records with respect to certain 

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

7 inserting ‘‘137, or 139B’’. 

8 (c) CONFORMING AMENDMENTS.— 

9 (1) The table of sections for part III of sub10 chapter B of chapter 1 of the Internal Revenue Code 

11 of 1986 is amended by inserting after the item relat12 ing to section 139A the following new item: 

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

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

14 (relating to adjustments to basis) is amended by 

15 striking ‘‘and’’ at the end of paragraph (36), by 

16 striking the period at the end of paragraph (37) and 

17 inserting ‘‘, and’’, and by adding at the end the fol18 lowing new paragraph: 

19 ‘‘(38) in the case of a residence with respect to 

20 which amounts were excluded from income under 

21 section 139B, to the extent provided in section 

22 139B(c)(3).’’. 

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

24 this section shall apply to taxable years beginning Decem25 ber 31, 2008. 

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

2 PROGRAM COSTS. 

3 (a) GRANTS AUTHORIZED.— 

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

5 grant to an eligible entity to pay— 

6 (A) the operating costs of administering an 

7 employer-assisted housing program; 

8 (B) for technical assistance provided by 

9 the eligible entity to an employer in connection 

10 with such a program; and 

11 (C) for costs associated with promoting, 

12 publicizing, or otherwise attempting to dis13 tribute information relating to such a program. 

14 (2) DURATION.—Grants in an annual aggregate 

15 total of not more than $5,000,000 may be awarded 

16 under this subsection during each of fiscal years 

17 2008, 2009, and 2010. 

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

19 grants under this section on a competitive basis. 

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

21 grant under this section, an entity shall demonstrate that 

22 it is— 

23 (1) a nonprofit housing organization with a rel24 evant mission and demonstrated track record in 

25 housing counseling or employer-assisted housing con26 tracted by an employer to assist the employer in esmstockstill on PROD1PC66 with BILLS

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1 tablishing or maintaining an employer-assisted hous2 ing program; or 

3 (2) a city, county, town, township, parish, vil4 lage, hamlet, or other general purpose political sub5 division of a State that seeks to establish or main6 tain, or otherwise participate in an employer-assisted 

7 housing program for its own employees. 

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

9 grant under this section shall submit an application to the 

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

11 such information as the Secretary may require. 

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

13 awarded to an eligible entity under this section shall be 

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

15 (e) REPORTS.— 

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

17 a grant under this section shall annually prepare 

18 and submit to the Secretary a report that describes 

19 the— 

20 (A) amount of grant funds expended dur21 ing the year; 

22 (B) total amount— 

23 (i) of funds expended during the year 

24 to administer an employer-assisted housing 

25 program; and 

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1 (ii) of down payment assistance pro2 vided by such a program; 

3 (C) total number of employees utilizing 

4 such a program; 

5 (D) number of employees utilizing such a 

6 program— 

7 (i) who are time homebuyers; 

8 (ii) who are previous homeowners; and 

9 (iii) who live in high-cost housing 

10 areas; 

11 (E) average— 

12 (i) income of employees utilizing such 

13 a program; 

14 (ii) age of employees utilizing such a 

15 program; and 

16 (iii) cost of a home purchased under 

17 such a program; 

18 (F) ethnicity of employees utilizing such a 

19 program; and 

20 (G) number of housing units affected by 

21 such a program. 

22 (2) CLEARINGHOUSE AND DISSEMINATION.— 

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

24 after the date of enactment of this Act, the Secmstockstill on PROD1PC66 with BILLS

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1 retary shall establish a national clearinghouse, 

2 including a website, designed— 

3 (i) to provide information about em4 ployer-assisted housing programs to— 

5 (I) Federal, State, and local gov6 ernment entities; and 

7 (II) interested groups, busi8 nesses, persons, and organizations; 

9 and 

10 (ii) to collect and disseminate the in11 formation gathered from the reports re12 quired under paragraph (1). 

13 (B) WEBPOSTING.—The Secretary shall 

14 ensure that— 

15 (i) each report submitted under para16 graph (1) is posted to the website of the 

17 national clearinghouse established under 

18 subparagraph (A); and 

19 (ii) the website of the Department of 

20 Housing and Urban Development provides 

21 a hyperlink to such reports on the website 

22 of the national clearinghouse. 

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

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

25 the Secretary of Housing and Urban Development. 

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1 (2) NONPROFIT HOUSING ORGANIZATION.—The 

2 term ‘‘nonprofit housing organization’’ means any 

3 organization that— 

4 (A) the Internal Revenue Service has ruled 

5 is exempt from income taxation under para6 graphs (3), (4), or (5) of section 501(c) of the 

7 Internal Revenue Code of 1986; and 

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

9 maintain, operate, or promote affordable hous10 ing. 

11 (g) AUTHORIZATION OF APPROPRIATIONS.—There 

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

13 fiscal years 2008, 2009, and 2010 to carry out this sec14 tion. 

15 SEC. 6. EVALUATION OF EMPLOYER-ASSISTED HOUSING 

16 PROGRAMS. 

17 (a) IN GENERAL.—A study of employer-assisted pro18 grams shall be carried out in accordance with subsection 

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

20 benefits provided under sections 3 and 4 and the grant 

21 program established under section 5 on— 

22 (1) such programs; and 

23 (2) the private sector resources leveraged to 

24 further fund such programs. 

25 (b) NATIONAL EVALUATION.— 

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

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

3 ‘‘Comptroller General’’) shall conduct the study re4 quired under subsection (a). 

5 (2) REQUIREMENTS.—The study required 

6 under subsection (a) shall include an analysis and 

7 summary of— 

8 (A) the total number of— 

9 (i) employers participating in em10 ployer-assisted housing programs; 

11 (ii) States that have enacted em12 ployer-assisted housing program legisla13 tion; and 

14 (iii) States considering enacting such 

15 legislation; 

16 (B) the extent to which Federal funds are 

17 being used to support employer-assisted housing 

18 programs; 

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

20 State, and private employer-assisted housing 

21 programs; 

22 (D) the types of assistance offered to em23 ployees under employer-assisted housing pro24 grams; 

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1 (E) the distribution of employers offering 

2 employer-assisted housing programs, including 

3 a review of the— 

4 (i) geographic distribution of such em5 ployers; 

6 (ii) industry distribution of such em7 ployers; and 

8 (iii) size distribution of such employ9 ers; 

10 (F) the extent to which employer-assisted 

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

12 housing markets; 

13 (G) the extent to which employers are able 

14 to, and have made, use of the tax benefits pro15 vided under this Act; 

16 (H) the information contained in the re17 ports submitted under section 5(e); 

18 (I) any other information that the Comp19 troller General determines would be relevant 

20 and helpful to the Secretary of Housing and 

21 Urban Development (in this section referred to 

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

23 the tax benefits provided under sections 3 and 

24 4 and the grant program established under sec25 tion 5. 

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1 (c) CONSULTATION.—In conducting the study re2 quired under subsection (a), the Comptroller General shall 

3 consult with— 

4 (1) appropriate Federal, State, and local gov5 ernment entities; and 

6 (2) interested groups, businesses, persons, uni7 versities, and organizations. 

8 (d) REPORT.— 

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

10 1, 2011, the Comptroller General shall submit to the 

11 Secretary an interim report on the findings of the 

12 study required under subsection (a). 

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

14 31, 2012, the Comptroller General shall submit to 

15 the Secretary a final report that describes— 

16 (A) the findings of the study required 

17 under subsection (a); and 

18 (B) any conclusions and recommendations 

19 of such study. 

20 (e) AUTHORIZATION OF APPROPRIATIONS.—There 

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

22 this section. 

Æ 

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