TITLE IV—SERVING THE MOST 
VULNERABLE 
SEC. 401. INCENTIVIZING LOCAL SOLUTIONS TO HOME-
LESSNESS. 
(a) CONTINUUM OF CARE PROGRAM.—Section 428 of 
the McKinney-Vento Homeless Assistance Act (42 U.S.C. 
11386b) is amended by adding at the end the following: 
‘‘(f) INCENTIVES FOR REDUCING HOMELESSNESS.— 
‘‘(1) IN GENERAL.—From the amounts made 
available to carry out this subtitle for a fiscal year, 
the Secretary may use not more than 10 percent of 
the amounts made available to carry out this subtitle 
for incentives described in paragraph (2). 
‘‘(2) INCENTIVES.—The Secretary may provide 
bonuses or other incentives to a geographic area 
under this subtitle if, during a fiscal year, the Sec-
retary determines that an entity receiving funds 
under this subtitle has demonstrably and measurably 
improved housing outcomes for homeless individuals 
in the geographic area.’’. 
(b) EMERGENCY SOLUTIONS GRANTS PROGRAM.— 
Section 413 of the McKinney-Vento Homeless Assistance 
Act (42 U.S.C. 11372a) is amended by adding at the end 
the following: 
‘‘(c) INCENTIVES FOR REDUCING HOMELESSNESS.— 
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‘‘(1) IN GENERAL.—From the amounts made 
available to carry out this subtitle for a fiscal year, 
the Secretary may use not more than 10 percent of 
the amounts made available to carry out this subtitle 
for incentives described in paragraph (2). 
‘‘(2) INCENTIVES.—The Secretary may provide 
bonuses or other incentives to a geographic area 
under this subtitle if, during a fiscal year, the Sec-
retary determines that an entity receiving funds 
under this subtitle has demonstrably and measurably 
improved housing outcomes for homeless individuals 
in the geographic area.’’. 
TITLE V—PROMOTING 
OPPORTUNITY 
SEC. 501. INCREASING HOUSING IN OPPORTUNITY ZONES. 
(a) COVERED GRANT DEFINED.—In this section, the 
term ‘‘covered grant’’ means— 
(1) a Choice Neighborhoods Program grant; 
(2) a grant under section 11 of the Housing 
Opportunity Program Extension Act of 1996 (42 
U.S.C. 12805 note); and 
(3) any other competitive grant relating to the 
construction, modification, rehabilitation, or preser-
vation of housing, as determined by the Secretary of 
Housing and Urban Development. 
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(b) PRIORITY.—The Secretary of Housing and Urban 
Development shall prioritize the award of covered grants 
to recipients located in, or that primarily serve, a commu-
nity that has been designated as a qualified opportunity 
zone under section 1400Z–1 of the Internal Revenue Code 
of 1986. 
TITLE VI—GOOD GOVERNANCE 
SEC. 601. REQUIRING ANNUAL TESTIMONY AND OVER-
SIGHT FROM HOUSING REGULATORS. 
(a) HUD PROGRAMS.—The Department of Housing 
and Urban Development Act (42 U.S.C. 3531 et seq.) is 
amended by adding at the end the following: 
‘‘SEC. 15. ANNUAL TESTIMONY. 
‘‘The Secretary shall, on an annual basis, testify be-
fore the Committee on Banking, Housing, and Urban Af-
fairs of the Senate and the Committee on Financial Serv-
ices of the House of Representatives on the status of all 
programs carried out by the Department, whether author-
ized or unauthorized.’’. 
(b) GOVERNMENT GUARANTEED OR INSURED MORT-
GAGES.—On an annual basis, the following individuals 
shall testify before the appropriate committees of Congress 
with respect to mortgage loans made, guaranteed, or in-
sured by the Federal Government: 
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(1) The President of the Government National 
Mortgage Association. 
(2) The Federal Housing Commissioner. 
(3) The Administrator of the Rural Housing 
Service. 
(4) The Executive Director of the Loan Guar-
anty Service of the Department of Veterans Affairs. 
(c) MORTGAGEE REVIEW BOARD.—Section 202(c)(8) 
of the National Housing Act (12 U.S.C. 1708(c)(8)) is 
amended— 
(1) by striking ‘‘, in consultation with the Fed-
eral Housing Administration Advisory Board,’’; and 
(2) by inserting ‘‘and to Congress’’ after ‘‘the 
Secretary’’. 
SEC. 602. FHA REPORTING REQUIREMENTS ON SAFETY 
AND SOUNDNESS. 
(a) MONTHLY REPORTING ON MUTUAL MORTGAGE 
INSURANCE FUND CAPITAL RATIO.—Section 202(a) of 
the National Housing Act (12 U.S.C. 1708(a)) is amended 
by adding at the end the following: 
‘‘(8) OTHER REQUIRED REPORTING.—The Sec-
retary shall— 
‘‘(A) submit to Congress monthly reports 
on the capital ratio required under section 
205(f)(2); and 
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‘‘(B) notify Congress as soon as prac-
ticable after the Fund falls below the capital 
ratio required under section 205(f)(2).’’. 
(b) ANNUAL INDEPENDENT ACTUARIAL STUDY.— 
Section 202(a)(4) of the National Housing Act (12 U.S.C. 
1708(a)(4)) is amended— 
(1) by striking ‘‘The Secretary’’ and inserting 
the following: 
‘‘(A) DEFINITION.—In this paragraph, the 
term ‘first-time homebuyer’ means a borrower 
for whom no consumer report (as defined in 
section 603 of the Fair Credit Reporting Act 
(15 U.S.C. 1681a)) indicates that the borrower 
has or had a loan with a consumer purpose that 
is secured by a 1- to 4-unit residential real 
property. 
‘‘(B) STUDY
AND
REPORT.—The Sec-
retary’’; and 
(2) in subparagraph (B), as so designated, by 
striking ‘‘also’’ and inserting ‘‘detail how many loans 
were originated in each census tract to first-time 
homebuyers, as well as’’. 
(c) ANNUAL REPORT.—Section 203(w)(2) of the Na-
tional Housing Act (12 U.S.C. 1709(w))(2) is amended 
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