(A) supportive housing for the elderly eligi-
ble for assistance under section 202 of the 
Housing Act of 1959 (12 U.S.C. 1701q); or 
(B) supportive housing for persons with 
disabilities eligible for assistance under section 
811 of the Cranston-Gonzalez National Afford-
able Housing Act (42 U.S.C. 8013). 
The Association may enter into such agreements with 
sponsors of such housing as may be necessary to develop 
such mutual housing. 
(2) MEMBERSHIP FEES.—Notwithstanding sec-
tion 202(i) of the Housing Act of 1959 (12 U.S.C. 
1701q(i)), section 811 of the Cranston-Gonzalez Na-
tional Affordable Housing Act (42 U.S.C. 8013(i)), 
and the regulations issued under subtitle C of title 
VI of the Housing and Community Development Act 
of 1992 (42 U.S.C. 13601 et seq.), the Association 
may require residents of such supportive housing 
owned or leased by the Association to pay a one-time 
membership fee not to exceed $500, as such fee may 
be increased to account for inflation according to 
such index as the Board of Directors may provide, 
to become a member of the Association.
SEC. 237. OVERSIGHT. 
(a) HUD.—The Association shall submit to the Sec-
retary of Housing and Urban Development and the Con-
gress— 
(1) on an annual basis, a report describing— 
(A) the mutual housing activities of the 
Association; and 
(B) the financial condition and operations 
of the Association; and 
(2) such other reports as the Secretary may re-
quire. 
(b) TREASURY.—During the period set forth in sec-
tion 235(c)(2)(A), the Association shall submit to the Sec-
retary of the Treasury, on an annual basis, a report re-
garding the financial condition and operations of the Asso-
ciation, including any borrowing activities of the Associa-
tion, that contains such information as the Secretary may 
require. 
(c) AUDIT OF FINANCIAL STATEMENTS.— 
(1) REQUIREMENT.—The Association shall have 
an annual independent audit made of its financial 
statements by an independent public accountant in 
accordance with generally accepted auditing stand-
ards. The Association shall submit the audit to the 
Secretary of Housing and Urban Development.
(2) CONTENTS.—In conducting an audit under 
this subsection, the independent public accountant 
shall determine and report on whether the financial 
statements of the Association are presented fairly in 
accordance with generally accepted accounting prin-
ciples. 
(d) GAO AUDIT AUTHORITY.— 
(1) IN GENERAL.—The programs, activities, re-
ceipts, expenditures, and financial transactions of 
the Association shall be subject to audit by the 
Comptroller General of the United States under 
such rules and regulations as may be prescribed by 
the Comptroller General. The representatives of the 
General Accounting Office shall have access to all 
books, accounts, financial records, reports, files and 
all other papers, things, or property belonging to or 
in use by the Association and necessary to facilitate 
the audit, and they shall be afforded full facilities 
for verifying transactions with the balances or secu-
rities held by depositaries, fiscal agents, and 
custodians. A report on each such audit shall be 
made by the Comptroller General to the Congress. 
The Association shall reimburse the General Ac-
counting Office for the full cost of any such audit 
as billed therefor by the Comptroller General.
(2) ACCESS TO AUDIT INFORMATION.—To carry 
out this subsection, the representatives of the Gen-
eral Accounting Office shall have access, upon re-
quest to the Association or any auditor for an audit 
of the Association under subsection (c), to any 
books, accounts, financial records, reports, files, or 
other papers, things, or property belonging to or in 
use by the Association and used in any such audit 
and to any papers, records, files, and reports of the 
auditor used in such an audit. 
SEC. 238. PROTECTION OF NAME. 
(a) NAME.—Except as expressly authorized by stat-
ute of the United States, no individual or organization (ex-
cept the Association) may use the term ‘‘Federal Home-
lessness to Housing Mutual Mortgage Association’’, 
‘‘Hollie Mae’’, or any combination of words including 
‘‘Federal’’ and ‘‘Homelessness to Housing’’ and ‘‘Mutual’’ 
and ‘‘Mortgage’’, as a name or part thereof under which 
any individual or organization does any business, but this 
subsection shall not make unlawful the use of any name 
under which business is being done on the date of the en-
actment of this Act. 
(b) SIGNS AND INSIGNE.—No individual or organiza-
tion shall use or display—
(1) any sign, device, or insigne prescribed or 
approved by the Association for use or display by the 
Association, 
(2) any copy, reproduction, or colorable imita-
tion of any such signs, device, or insigne, or 
(3) any sign, device, or insigne reasonably cal-
culated to convey the impression that it is a sign, 
device, or insigne used by the Association or pre-
scribed or approved by the Association, 
contrary to regulations of the Association prohibiting, or 
limiting or restricting, such use or display by such indi-
vidual or organization. 
(c) PENALTIES.—An individual or organization vio-
lating this section shall for each violation be punished by 
a fine of not more than $10,000. An officer or member 
of an organization participating or knowingly acquiescing 
in any violation of this section shall be punished by a fine 
of not more than $5,000 or imprisonment for not more 
than one year, or both 
SEC. 239. DEFINITIONS. 
For purposes of this subtitle, the following definitions 
shall apply: 
(1) ASSOCIATION.—The term ‘‘Association’’ 
means the Federal Homelessness to Housing Mutual 
Mortgage Association.
(2) BOARD OF DIRECTORS.—The term ‘‘Board 
of Directors’’ means the Board of Directors of the 
Association. 
SEC. 240. TERRITORIAL APPLICABILITY. 
Notwithstanding any other law, the Association may 
carry out mutual housing activities within the several 
States, the District of Columbia, the Commonwealth of 
Puerto Rico, the Commonwealth of the Northern Mariana 
Islands, Guam, the Virgin Islands, American Samoa, and 
any other territory or possession of the United States. 
Subtitle C—Use of Federal Surplus 
Property to Assist the Homeless 
SEC. 271. USE OF FEDERAL SURPLUS PROPERTY TO ASSIST 
THE HOMELESS. 
Section 501 of the McKinney-Vento Homeless Assist-
ance Act (42 U.S.C. 11411) is amended— 
(1) in subsection (a), by inserting before the pe-
riod at the end of the first sentence the following: 
‘‘properties in the single-family inventory of the De-
partment of Housing and Urban Development, or 
real properties that are in the custody of the United 
States as a result of civil or criminal forfeiture pro-
ceedings under the Federal Food, Drug, and Cos-
metic Act’’;