I 
113TH CONGRESS 
1ST SESSION H. R. 3003 
To amend the State Small Business Credit Initiative Act of 2010 to allow 
participating States to provide program funds to small businesses for 
development of affordable housing. 
IN THE HOUSE OF REPRESENTATIVES 
AUGUST 2, 2013 
Mrs. BEATTY (for herself, Ms. FUDGE, Mr. ENYART, Mr. VEASEY, and Mr. 
KILDEE) introduced the following bill; which was referred to the Com-
mittee on Financial Services 
A BILL 
To amend the State Small Business Credit Initiative Act 
of 2010 to allow participating States to provide program 
funds to small businesses for development of affordable 
housing. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Expansion 
of Working-families Housing Options Using Small Enter-
prises Act of 2013’’ or the ‘‘NEW HOUSE Act of 2013’’. 
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SEC. 2. SUPPORT FOR AFFORDABLE HOUSING PROJECTS. 
Section 3003(c) of the State Small Business Credit 
Initiative Act of 2010 (12 U.S.C. 5702(c)) is amended— 
(1) in paragraph (3)— 
(A) by redesignating subparagraphs (C) 
and (D) as subparagraphs (D) and (E), respec-
tively; and 
(B) by inserting after subparagraph (B) 
the following: 
‘‘(C) to provide funds to small businesses 
to be used— 
‘‘(i) to develop, acquire, construct, re-
habilitate, maintain, operate, or manage 
housing projects that provide housing that 
is affordable for low- or moderate-income 
households, as determined by the Sec-
retary, in consultation with the Secretary 
of Housing and Urban Development; 
‘‘(ii) notwithstanding section 220 of 
the Cranston-Gonzalez National Affordable 
Housing Act (42 U.S.C. 12750) or any 
other provision of law, to cover any con-
tribution required under such section or 
any 
matching 
amount, 
contribution 
amount, or non-Federal share required in 
connection with any other Federal grant or 
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assistance program to provide housing that 
is affordable for low- or moderate-income 
households; or 
‘‘(iii) for purchasing foreclosed prop-
erties and property being sold by a State 
or local government, but only for the use 
of such properties for the purposes speci-
fied in clause (i) of this subparagraph;’’; 
(2) in paragraph (6)— 
(A) in subparagraph (A), by striking 
‘‘and’’ at the end; 
(B) in subparagraph (B), by striking the 
period and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(C) the term ‘small business’ has the 
meaning given the term ‘small business con-
cern’ under section 3(a) of the Small Business 
Act.’’; and 
(3) by adding at the end the following: 
‘‘(7) USE OF FUNDS FOR AFFORDABLE HOUS-
ING
PURPOSES.—With respect to a participating 
State, of amounts transferred under this section to 
the State that have not been obligated as of the date 
of the enactment of the Strengthening Economic De-
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