do not exceed 120 percent of the median income for 
the area, as determined by the Secretary. 
(d) ELIGIBLE RECIPIENT.—An eligible recipient of a 
planning or implementation grant under subsection (a) 
shall be a local partnership with the ability to administer 
the grant. 
(e) WAIVERS.—The Secretary may waive or specify 
alternative requirements for sections 104(a) through (e), 
104(h), 104(l), 104(m), 105(a) through (g), 106(a)(2), 
106(a)(4), and 106(b) through (f) of the Housing and 
Community Development Act of 1974 (42 U.S.C. 5304(a) 
through (e), 5304(h), 5304(l), 5304(m), 5305(a) through 
(g), 5306(a)(2), 5306(a)(4), and 5306(b) through (f)), or 
associated regulations for the administration of the 
amounts made available under this section other than re-
quirements related to fair housing, nondiscrimination, 
labor standards, and the environment, upon a finding that 
the waiver or alternative requirement is not inconsistent 
with the overall purposes of such Act and that the waiver 
or alternative requirement is necessary to expedite or fa-
cilitate the use of amounts made available under this sec-
tion. 
(f) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
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(1) COMMUNITY
LAND
TRUST.—The term 
‘‘community land trust’’ means a nonprofit organiza-
tion or State or local governments or instrumental-
ities that— 
(A) use a ground lease or deed covenant 
with an affordability period of at least 30 years 
or more to— 
(i) make rental and homeownership 
units affordable to households; and 
(ii) stipulate a preemptive option to 
purchase the affordable rentals or home-
ownership units so that the affordability of 
the units is preserved for successive in-
come-eligible households; and 
(B) monitor properties to ensure afford-
ability is preserved. 
(2) LAND
BANK.—The term ‘‘land bank’’ 
means a government entity, agency, or program, or 
a special purpose nonprofit entity formed by one or 
more units of government in accordance with State 
or local land bank enabling law, that has been des-
ignated by one or more State or local governments 
to acquire, steward, and dispose of vacant, aban-
doned, or other problem properties in accordance 
with locally-determined priorities and goals. 
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(3) SHARED
EQUITY
HOMEOWNERSHIP
PRO-
GRAM.—The term ‘‘shared equity homeownership 
program’’ means a program to facilitate affordable 
homeownership preservation through a resale restric-
tion program administered by a community land 
trust, other nonprofit organization, or State or local 
government or instrumentalities and that utilizes a 
ground lease, deed restriction, subordinate loan, or 
similar mechanism that includes provisions ensuring 
that the program shall— 
(A) maintain the home as affordable for 
subsequent very low-, low-, or moderate-income 
families for an affordability term of at least 30 
years after recordation; 
(B) apply a resale formula that limits the 
homeowner’s proceeds upon resale; and 
(C) provide the program administrator or 
such administrator’s assignee a preemptive op-
tion to purchase the homeownership unit from 
the homeowner at resale. 
(g) IMPLEMENTATION.—The Secretary shall have the 
authority to establish by notice any requirements that the 
Secretary determines are necessary for timely and effec-
tive implementation of the program and expenditure of 
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funds appropriated, which requirements shall take effect 
upon issuance. 
SEC. 107. REPEAL OF FAIRCLOTH AMENDMENT. 
Section 9(g) of the United States Housing Act of 
1937 (42 U.S.C. 1437g(g)) is amended by striking para-
graph (3) (relating to limitation on new construction). 
SEC. 108. ESTABLISHMENT OF HUD OFFICE OF COMMUNITY 
LAND USE AND ZONING. 
(a) IN GENERAL.—Section 4 of the Department of 
Housing and Urban Development Act (42 U.S.C. 3533) 
is amended by adding at the end the following new sub-
section: 
‘‘(i) OFFICE OF COMMUNITY LAND USE AND ZON-
ING.— 
‘‘(1) ESTABLISHMENT.—There is established in 
the Department, in the Office of the Secretary, the 
Office of Community Land Use and Zoning. 
‘‘(2) DIRECTOR.—There is established the posi-
tion of Director of the Office of Community Land 
Use and Zoning. The Director shall be the head of 
the Office of Community Land Use and Zoning and 
shall be appointed by, and shall report to, the Sec-
retary. Such position shall be a career-reserved posi-
tion in the Senior Executive Service. 
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‘‘(3) MISSION.—The mission of the Office of 
Community Land Use and Zoning shall be to en-
courage communities to pursue land use policies that 
increase the availability and affordability of housing. 
‘‘(4) FUNCTIONS.—The Director shall have pri-
mary responsibility within the Department for all ac-
tivities and matters relating to land use and zoning 
reform, including the following: 
‘‘(A) To collect, process, assemble, coordi-
nate research, and disseminate information on 
State and local regulations and policies affect-
ing the creation and maintenance of affordable 
housing. 
‘‘(B) To provide technical assistance to 
State and local communities regarding State 
and local regulations and policies affecting the 
creation and maintenance of affordable housing. 
‘‘(C) To maintain a Regulatory Barriers 
Clearinghouse and a database of land use poli-
cies across the United States. 
‘‘(D) To administer the Unlocking Possi-
bilities Program under section 105 of the Com-
munity Housing Act of 2024. 
‘‘(E) To administer the Shared Equity 
Housing Resource Center established under sec-
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tion 203(b) of the Community Housing Act of 
2024. 
‘‘(F) To issue, not later than 2 years after 
the date of the enactment of this Act, guidance 
and best practices regarding State and local 
land use and zoning regulations and policies af-
fecting the creation and maintenance of afford-
able housing, and to maintain and update such 
guidance and best practices regularly.’’. 
(b) TRANSFER; REDESIGNATION.—The Secretary of 
Housing and Urban Development shall provide for— 
(1) the transfer of the administration of the 
Regulatory Barriers Clearinghouse of the Depart-
ment, which as of the date of the enactment of this 
Act is the responsibility of the Office of Policy De-
velopment and Research, to the Director of the Of-
fice of Community Land Use and Zoning established 
under section 4(i) of the Department of Housing 
and Urban Development Act, as added by the 
amendment made by subsection (a) of this section; 
and 
(2) the redesignation of the Regulatory Barriers 
Clearinghouse as the Community Land Use and 
Zoning Research Center. 
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(c) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated $2,000,000 for each of fis-
cal years 2024 through 2028 for costs of personnel for 
and activities of the Office of Community Land Use and 
Zoning. 
SEC. 109. CONTINUATION OF FHA–FFB AFFORDABLE RENT-
AL HOUSING FINANCING PARTNERSHIP. 
The Secretary of Housing and Urban Development 
shall continue to carry out the FHA affordable rental 
housing financing partnership with the Federal Financing 
Bank, under which such Bank provides financing for loans 
insured under the FHA Multifamily Risk-Sharing Pro-
gram under section 542 of the Housing and Community 
Development Act of 1992 (12 U.S.C. 1707), and may 
enter into such new commitments under such program 
during fiscal year 2024 and fiscal years thereafter, subject 
to the overall limitations provided in this Act on new com-
mitments to guarantee loans insured under the General 
and Special Risk Insurance Funds, as authorized by sec-
tions 238 and 519 of the National Housing Act (12 U.S.C. 
1715z–3 and 1735c). 
SEC. 110. INCREASE OF MINIMUM STATE ALLOCATIONS 
UNDER HOUSING PROGRAMS. 
(a) HOUSING TRUST FUND.—Subparagraph (C) of 
section 1338(c)(4) of the Federal Housing Enterprises Fi-
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nancial Safety and Soundness Act of 1992 (12 U.S.C. 
4568(c)(4)(C)) is amended by striking ‘‘$3,000,000’’ each 
place such term appears and inserting ‘‘$6,000,000’’. 
(b) HOME INVESTMENT
PARTNERSHIPS
PRO-
GRAM.—Subparagraph (A) of section 217(b)(2) of the 
Cranston-Gonzalez National Affordable Housing Act (42 
U.S.C. 
12747(b)(2)(A)) 
is 
amended 
by 
striking 
‘‘$3,000,000’’ each place such term appears and inserting 
‘‘$6,000,000’’. 
TITLE 
II—RENTAL 
SUPPORT 
AND 
PERPETUAL 
AFFORD-
ABILITY 
SEC. 201. PERMANENT EMERGENCY RENTAL ASSISTANCE 
PROGRAM. 
Section 3201 of the American Rescue Plan Act of 
2021 (15 U.S.C. 9058c) is amended— 
(1) in subsection (a), by adding at the end the 
following new paragraphs: 
‘‘(3) APPROPRIATION.—In addition to amounts 
otherwise available, there is appropriated to the Sec-
retary of the Treasury for each of fiscal years 2024 
through 2029, out of any money in the Treasury not 
otherwise appropriated, $3,000,000,000, for making 
payments to eligible grantees under this section. 
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‘‘(4) RESERVATION OF FUNDS.—Of the amount 
appropriated under paragraph (1), the Secretary 
shall reserve— 
‘‘(A) $42,300,000 for making payments 
under this section to the Commonwealth of 
Puerto Rico, the United States Virgin Islands, 
Guam, the Commonwealth of the Northern 
Mariana Islands, and American Samoa; 
‘‘(B) $4,170,000 for costs of the Secretary 
for the administration of emergency rental as-
sistance programs and technical assistance to 
recipients of any grants made by the Secretary 
to provide financial and other assistance to 
renters; 
‘‘(C) $417,000 for administrative expenses 
of the Inspector General relating to oversight of 
funds provided in this section; and 
‘‘(D) $360,000,000 or payments to high- 
need grantees as provided in this section.’’; 
(2) in subsection (b)— 
(A) in paragraph (1)(A)— 
(i) in the matter preceding clause 
(i)— 
(I) by inserting ‘‘or (3)’’ after 
‘‘paragraph (1)’’; and 
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(II) by inserting ‘‘or (4), respec-
tively,’’ after ‘‘paragraph (2)’’; and 
(ii) in clause (iii), by inserting ‘‘or, 
with respect to amounts appropriated 
under subsection (a)(3), by substituting 
‘$22,000,000’ for ‘$200,000,000’ each 
place such term appears’’ before the semi-
colon at the end; and 
(B) in paragraph (2)— 
(i) in the matter preceding subpara-
graph (A)— 
(I) by striking ‘‘The amount’’ 
and inserting ‘‘The amounts’’; and 
(II) by inserting ‘‘and under sub-
section (a)(4)(A)’’ after ‘‘subsection 
(a)(2)(A)’’; 
(ii) in subparagraph (A), by inserting 
‘‘or (a)(4)(A)’’ before ‘‘of section 3201’’; 
and 
(iii) in subparagraph (B), by inserting 
‘‘or (a)(3)’’ after ‘‘subsection (a)(1)’’; 
(3) in subsection (d)— 
(A) in paragraph (1)(D), by inserting ‘‘or 
October 1, 2025, in the case of funds made 
available by subsection (a)(3),’’; and 
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(B) in paragraph (2), ‘‘or (a)(3)’’ after 
‘‘subsection (a)(1)’’; 
(4) in subsection (e)(1)— 
(A) by striking ‘‘March 1, 2022’’ and in-
serting ‘‘the first day of the first month com-
mencing more than 12 months after the enact-
ment of an Act making amounts available for 
payments to eligible grantees under this sec-
tion’’; and 
(B) by inserting ‘‘made available under 
such Act and’’ after ‘‘reallocate funds’’; and 
(5) in subsection (g), by striking ‘‘September 
30, 2025’’ and inserting ‘‘the fifth September 30 oc-
curring after the date of the enactment of the Act 
making such funds available for payments to such 
eligible grantee’’. 
SEC. 202. HUD EVICTION PROTECTION GRANT PROGRAM. 
In addition to amounts otherwise made available, 
there is appropriated to the Secretary of Housing and 
Urban Development for each of fiscal years 2024 through 
2033, out of any money in the Treasury not otherwise ap-
propriated, $10,000,000 for grants under the Eviction 
Protection Grant Program of the Office of Policy Develop-
ment and Research. 
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SEC. 203. SHARED EQUITY HOUSING RESOURCES. 
(a) FUNDING.—In addition to amounts otherwise 
made available, there is appropriated for fiscal year 2024 
for payment to the Neighborhood Reinvestment Corpora-
tion for use in neighborhood reinvestment activities, as au-
thorized by the Neighborhood Reinvestment Corporation 
Act (42 U.S.C. 8101–8107), $12,000,000, to remain 
available until September 30, 2027: Provided, That such 
amount shall be for the promotion and development of 
shared equity housing models, including for capital grants 
for NeighborWorks affiliates to acquire homes for their 
shared equity portfolios. 
(b) RESOURCE CENTER.—The Secretary of Housing 
and Urban Development shall establish and maintain, 
under the Office of Community Land Use and Zoning, a 
Shared Equity Housing Resource Center to provide tech-
nical and legal assistance and resources to communities 
and the general public regarding forming shared equity 
housing governance structures, including affordable hous-
ing community land trusts. There is authorized to be ap-
propriated for each fiscal year such sums as may be nec-
essary to operate such Resource Center. 
SEC. 204. HOMEOWNERSHIP ASSISTANCE. 
(a) RURAL HOMEOWNERHIP.— 
(1) APPROPRIATION.—In addition to amounts 
otherwise available, there is appropriated to the Sec-
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retary of Agriculture for each of fiscal years 2024 
through 2033, out of any money in the Treasury not 
otherwise appropriated— 
(A) $4,000,000,000, for gross obligations 
for the principal amount of direct loans as au-
thorized by section 502 of the Housing Act of 
1949 (42 U.S.C. 1472); and 
(B) $148,400,000 for the cost of direct 
loans authorized by such section 502, including 
the cost of modifying loans, as defined in sec-
tion 502 of the Congressional Budget Act of 
1974 (2 U.S.C. 661a). 
(2) INTEREST
RATE.—Notwithstanding any 
other provision of law, the annual interest rate pay-
able on a direct loan authorized by section 502 of 
the Housing Act of 1949 (42 U.S.C. 1472), as modi-
fied by payment assistance, may not be lower than 
1.0 percent. 
(b) HOUSING CHOICE VOUCHER DOWNPAYMENT 
PROGRAM.—In addition to amounts otherwise available, 
there is appropriated to the Secretary of Housing and 
Urban Development for each of fiscal years 2024 through 
2033, out of any money in the Treasury not otherwise ap-
propriated, $1,000,000,000, for providing downpayment 
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assistance under section 8(y)(7) of the United States 
Housing Act of 1937 (42 U.S.C. 1437f(y)(7)). 
SEC. 205. REPORT ON TAX ON SECONDARY HOMES. 
The Secretary of the Treasury shall, not later than 
180 days after the date of the enactment of this Act, sub-
mit to Congress a report on the feasibility, economic con-
sequences, and revenue effects of establishing a tax on va-
cation homes and short-term rental homes. 
SEC. 206. NATIONAL HOUSING INFORMATION DATABASE. 
(a) ESTABLISHMENT.—The Secretary of Housing 
and Urban Development and the Director of the Federal 
Housing Finance Agency shall jointly establish and main-
tain a national database of landlords of residential rental 
dwelling units in multifamily housing. 
(b) INFORMATION.—The Secretary and the Director 
shall require each landlord of a residential rental dwelling 
unit in multifamily housing to submit to the database the 
following information regarding a residential rental dwell-
ing unit: 
(1) The identity of the landlord and owner of 
the dwelling unit and contact information for such 
landlord and owner. 
(2) The total number of residential rental dwell-
ing units in the property in which such dwelling unit 
is located. 
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(3) The total number of residential rental dwell-
ing units owned by or under the control of such 
landlord. 
(4) The total number of properties containing 
residential dwelling units managed by such landlord 
and owned by such owner, the number of residential 
rental dwelling units in each such property. 
(5) Whether the landlord uses real estate and 
property management software in making residential 
rental dwelling units available for rental and, if so, 
the identity of such software. 
(c) AVAILABILITY.—Information maintained in the 
database shall be made publicly available on a website of 
the registry. 
(d) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) LANDLORD.—The term ‘‘landlord’’ means, 
with respect to a residential rental dwelling unit, the 
person or entity having legal authority to lease such 
dwelling unit. 
(2) MULTIFAMILY HOUSING.—The term ‘‘multi-
family housing’’ means a residence consisting of 5 or 
more dwelling units. 
(e) ANNUAL REPORT.—The Secretary and the Direc-
tor shall submit a report to the Congress, the Federal 
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Trade Commission, the Attorney General of the United 
States, and the Attorney General for each State annually 
assessing the extent of concentration in ownership of resi-
dential rental dwelling units and the issues and dangers 
posed by such concentration. 
TITLE III—RURAL HOUSING 
SEC. 301. PERMANENT ESTABLISHMENT OF HOUSING PRES-
ERVATION AND REVITALIZATION PROGRAM; 
DECOUPLING RENTAL ASSISTANCE. 
Title V of the Housing Act of 1949 (42 U.S.C. 1471 
et seq.) is amended by adding at the end the following 
new section: 
‘‘SEC. 545. HOUSING PRESERVATION AND REVITALIZATION 
PROGRAM. 
‘‘(a) ESTABLISHMENT.—The Secretary shall carry 
out a program under this section for the preservation and 
revitalization of multifamily rental housing projects fi-
nanced under section 515 or both sections 514 and 516. 
‘‘(b) NOTICE OF MATURING LOANS.— 
‘‘(1) TO
OWNERS.—On an annual basis, the 
Secretary shall provide written notice to each owner 
of a property financed under section 515 or both 
sections 514 and 516 that will mature within the 4- 
year period beginning upon the provision of the no-
tice, setting forth the options and financial incen-
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