II 

Calendar No. 295 

110TH CONGRESS 

1ST SESSION S. 1923 

To authorize appropriations for assistance for the Housing Assistance Council, 

the Raza Development Fund, and for the Housing Partnership Network 

(HPN) and its members, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

AUGUST 1, 2007 

Mr. DODD, from the Committee on Banking, Housing, and Urban Affairs, reported the following original bill; which was read twice and placed on the 

calendar 

A BILL 

To authorize appropriations for assistance for the Housing 

Assistance Council, the Raza Development Fund, and 

for the Housing Partnership Network (HPN) and its 

members, 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 Assistance 

5 Authorization Act of 2007’’. 


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1 SEC. 2. LIMITATION ON USE OF AUTHORIZED AMOUNTS. 

2 None of the amounts authorized by this Act may be 

3 used to lobby or retain a lobbyist for the purpose of influ4 encing a Federal, State, or local governmental entity or 

5 officer. 

6 SEC. 3. ASSISTANCE TO HOUSING ASSISTANCE COUNCIL. 

7 (a) USE.—The Secretary of Housing and Urban De8 velopment may provide financial assistance to the Housing 

9 Assistance Council for use by such Council to develop the 

10 ability and capacity of community-based housing develop11 ment organizations to undertake community development 

12 and affordable housing projects and programs in rural 

13 areas. Assistance provided by the Secretary under this sec14 tion may be used by the Housing Assistance Council for— 

15 (1) technical assistance, training, support, and 

16 advice to develop the business and administrative ca17 pabilities of rural community-based housing develop18 ment organizations; 

19 (2) loans, grants, or other financial assistance 

20 to rural community-based housing development orga21 nizations to carry out community development and 

22 affordable housing activities for low- and moderate23 income families; and 

24 (3) such other activities as may be determined 

25 by the Secretary and the Housing Assistance Coun26 cil. 


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1 (b) AUTHORIZATION OF APPROPRIATIONS.—There is 

2 authorized to be appropriated for financial assistance 

3 under this section for the Housing Assistance Council— 

4 (1) $5,000,000 for fiscal year 2008; and 

5 (2) $10,000,000 for each of fiscal years 2009 

6 and 2010. 

7 SEC. 4. ASSISTANCE FOR RAZA DEVELOPMENT FUND. 

8 (a) USE.—The Secretary of Housing and Urban De9 velopment may make a grant to the Raza Development 

10 Fund for the purpose of providing technical and financial 

11 assistance to local non-profit organizations to undertake 

12 community development and affordable housing projects 

13 and programs serving low- and moderate-income house14 holds, particularly through organizations located in neigh15 borhoods with substantial populations of income-disadvan16 taged households of Hispanic origin. Assistance provided 

17 by the Secretary under this section may be used by the 

18 Raza Development Fund to— 

19 (1) provide technical and financial assistance 

20 for site acquisition and development, construction fi21 nancing, and short- and long-term financing for 

22 housing, community facilities, and economic develop23 ment; 


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1 (2) leverage capital from private entities, in2 cluding private financial institutions, insurance com3 panies, and private philanthropic organizations; 

4 (3) provide technical assistance, training, sup5 port, and advice to develop the management, finan6 cial, and administrative capabilities of housing devel7 opment organizations serving low-income households, 

8 including Hispanic households; and 

9 (4) conduct such other activities as may be de10 termined by the Secretary and the Raza Develop11 ment Fund. 

12 (b) AUTHORIZATION OF APPROPRIATIONS.—There is 

13 authorized to be appropriated for grants under this sec14 tion— 

15 (1) $5,000,000 for fiscal year 2008; and 

16 (2) $10,000,000 for each of fiscal years 2009 

17 and 2010. 

18 SEC. 5. ASSISTANCE FOR THE HOUSING PARTNERSHIP NET19 WORK. 

20 (a) USE.—The Secretary of Housing and Urban De21 velopment may make a grant to the Housing Partnership 

22 Network (hereafter referred to as the ‘‘Network’’) for the 

23 purpose of creating, sustaining, and improving access to 

24 affordable housing and community facilities that benefit 

25 very low-, low- and moderate-income households and comVerDate Aug 31 2005 05:29 Aug 02, 2007 Jkt 059200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S1923.PCS S1923

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1 munities. Assistance provided by the Secretary under this 

2 section may be used by the Network to— 

3 (1) make investments, loans, and grants to its 

4 member nonprofits that demonstrate expertise in 

5 using such funds to leverage additional private cap6 ital to build, operate, finance, and sustain affordable 

7 housing and related community development facili8 ties; 

9 (2) make investments in entities sponsored by 

10 the Network with the intent to leverage additional 

11 private capital for the purpose of furthering the pro12 duction capacity, sustainability, or efficiency of its 

13 members; 

14 (3) pay for the necessary and reasonable ex15 penses of the Network to administer and oversee 

16 such investments, including the cost of underwriting, 

17 managing the assets of the Network, and reporting 

18 to the Secretary and other capital providers, pro19 vided however, that such expenses do not exceed 6 

20 percent of any amounts made available pursuant to 

21 subsection (b); and 

22 (4) conduct such other activities as may be de23 termined by the Secretary and the Network. 


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1 (b) AUTHORIZATION OF APPROPRIATIONS.—There is 

2 authorized to be appropriated for grants under this sec3 tion— 

4 (1) $5,000,000 for fiscal year 2008; and 

5 (2) $10,000,000 for each of fiscal years 2009 

6 and 2010. 

7 SEC. 6. AUDITS AND REPORTS. 

8 (a) AUDIT.—In any year in which an entity or organi9 zation described under either section 3, 4, or 5 receives 

10 funds under this Act, the Comptroller General of the 

11 United States shall— 

12 (1) audit the financial transactions and activi13 ties of such entity or organization only with respect 

14 to such funds so received; and 

15 (2) submit a report detailing such audit to the 

16 Committee on Banking, Housing, and Urban Affairs 

17 of the Senate and the Committee on Financial Serv18 ices of the House of Representatives. 

19 (b) GAO REPORT.—The Comptroller General of the 

20 United States shall conduct a study and submit a report 

21 to the Committee on Banking, Housing, and Urban Af22 fairs of the Senate and the Committee on Financial Serv23 ices of the House of Representative on the use of any 

24 funds appropriated to an entity or organization described 

25 under either section 3, 4, or 5 over the past 10 years. 


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1 SEC. 7. PERSONS NOT LAWFULLY PRESENT IN THE UNITED 

2 STATES. 

3 None of the funds made available under this Act may 

4 be used to provide direct housing assistance to any person 

5 not lawfully present in the United States. 


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Calendar No. 295 

110TH CONGRESS 

1ST SESSION S. 1923 

A BILL 

To authorize appropriations for assistance for the 

purposes. Network (HPN) and its members, and for other ment Fund, and for the Housing Partnership Housing Assistance Council, the Raza DevelopAUGUST 1, 2007 

Read twice and placed on the calendar 


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