tion 604 of the National Manufac-
tured Housing Construction and Safe-
ty Standards Act of 1974 (42 U.S.C. 
5403); or 
‘‘(II) a residence that fails to 
meet local building codes or is not le-
gally habitable. 
‘‘(iii) QUALIFIED
REPAIR
OR
IM-
PROVEMENT COSTS.—The term ‘qualified 
repair or improvement costs’ means the 
costs of making repairs or improvements 
(including any usual or reasonable financ-
ing costs) that will enhance the habitability 
or long-term value of a residence.’’; and 
(E) by adding at the end the following new 
subparagraph: 
‘‘(F) QUALIFIED
TUITION
PROGRAMS.— 
Contributions paid from an individual develop-
ment account of an eligible individual directly 
to a qualified tuition program (as defined in 
subsection (b) of section 529 of the Internal 
Revenue Code of 1986), for the purpose of cov-
ering qualified higher education expenses (as 
defined in subsection (e)(3) of such section) of 
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a dependent of such individual (as such term is 
used in clause (ii) of subparagraph (E)).’’. 
SEC. 5. APPLICATIONS. 
Section 405 is amended— 
(1) in subsection (c)(4), by adding at the end 
the following: ‘‘Such funds include funds received 
under the Community Services Block Grant Act (42 
U.S.C. 9901 et seq.), the Indian Self-Determination 
and Education Assistance Act (25 U.S.C. 450b et 
seq.), the Native American Housing Assistance and 
Self-Determination Act of 1996 (25 U.S.C. 4101 et 
seq.), or title I of the Housing and Community De-
velopment Act of 1974 (42 U.S.C. 5301 et seq.) (in-
cluding Community Development Block Grant Act 
funds and Indian Community Development Block 
Grant Act funds), that are formally committed to 
the project.’’; and 
(2) by adding at the end the following new sub-
section: 
‘‘(h) APPLICATIONS FOR NEW PROJECTS AND RE-
NEWALS OF EXISTING PROJECTS.—For project years be-
ginning on or after the date of the enactment of the Steph-
anie Tubbs Jones Assets for Independence Reauthoriza-
tion Act of 2017, the preceding provisions of this section 
shall only apply as follows: 
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‘‘(1) ANNOUNCEMENT OF PROCEDURES.—Not 
later than 180 days after the date of the enactment 
of the Stephanie Tubbs Jones Assets for Independ-
ence Reauthorization Act of 2017, the Secretary 
shall publicly announce the procedures by which a 
qualified entity may submit an application— 
‘‘(A) to conduct a demonstration project 
under this title; or 
‘‘(B) for renewal of authority to conduct a 
demonstration project under this title. 
‘‘(2) APPROVAL.—The Secretary shall, on a 
competitive basis, approve applications submitted 
pursuant to the procedures announced under para-
graph (1), taking into account the assessments re-
quired by subsection (c) and giving special consider-
ation to the applications described in paragraph (3). 
‘‘(3) SPECIAL
CONSIDERATION.—The applica-
tions described in this paragraph are the following: 
‘‘(A) Applications submitted by qualified 
entities proposing to conduct demonstration 
projects under this title that will target the fol-
lowing populations: 
‘‘(i) Individuals who are or have been 
in foster care. 
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‘‘(ii) Victims of domestic violence (as 
defined in section 40002(a)(8) of the Vio-
lence Against Women Act of 1994 (42 
U.S.C. 13925(a)(8))). 
‘‘(iii) Victims of— 
‘‘(I) a major disaster declared to 
exist by the President under section 
401 of the Robert T. Stafford Dis-
aster Relief and Emergency Assist-
ance Act (42 U.S.C. 5170) or an 
emergency declared to exist by the 
President under section 501 of such 
Act (42 U.S.C. 5191); or 
‘‘(II) a situation similar to a 
major disaster or emergency described 
in subclause (I) declared to exist by 
the Governor of a State. 
‘‘(iv) Formerly incarcerated individ-
uals. 
‘‘(v) Individuals who are unemployed 
or underemployed. 
‘‘(B) Applications described in subsection 
(d). 
‘‘(4) CONTRACTS
WITH
NONPROFIT
ENTI-
TIES.—Subsection (f) shall continue to apply. 
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‘‘(5) GRANDFATHERING
OF
EXISTING
STATE-
WIDE PROGRAMS.—Subsection (g) shall continue to 
apply, except that any reference in such subsection 
to the date of enactment of this Act or to 
$1,000,000 shall be deemed to be a reference to the 
date of the enactment of the Stephanie Tubbs Jones 
Assets for Independence Reauthorization Act of 
2017 or to $250,000, respectively.’’. 
SEC. 6. DEMONSTRATION AUTHORITY; ANNUAL GRANTS. 
Section 406(a) is amended by inserting ‘‘(or, in the 
case of an application approved under section 405(h)(2), 
not later than 30 days after the date of the approval of 
such application)’’ after ‘‘the date of enactment of this 
title’’. 
SEC. 7. RESERVE FUND. 
Section 407(c) is amended— 
(1) in paragraph (1)(D), by inserting ‘‘or orga-
nizations’’ after ‘‘organization’’; and 
(2) by amending paragraph (3) to read as fol-
lows: 
‘‘(3) LIMITATION ON USES.— 
‘‘(A) IN GENERAL.—Of the amount pro-
vided to a qualified entity under section 
406(b)— 
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‘‘(i) not more than 5.5 percent shall 
be used for the purpose described in sub-
paragraph (A) of paragraph (1); 
‘‘(ii) not less than 80 percent shall be 
used for the purpose described in subpara-
graph (B) of such paragraph; and 
‘‘(iii) not more than 14.5 percent shall 
be used for the purposes described in sub-
paragraphs (C) and (D) of such para-
graph. 
‘‘(B) 
JOINT
ADMINISTRATION
OF 
PROJECT.—If two or more qualified entities are 
jointly administering a demonstration project, 
no one such entity shall use more than its pro-
portional share of the percentage indicated in 
subparagraph (A) of this paragraph for the 
purposes 
described 
in 
subparagraphs 
(A) 
through (D) of paragraph (1).’’. 
SEC. 8. ELIGIBILITY FOR PARTICIPATION. 
Section 408 is amended— 
(1) in subsection (a)— 
(A) by amending paragraph (1) to read as 
follows: 
‘‘(1) INCOME TESTS.—The household meets ei-
ther of the following income tests: 
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‘‘(A) ADJUSTED
GROSS
INCOME
TEST.— 
The adjusted gross income of the household for 
the last taxable year ending in or with the pre-
ceding calendar year does not exceed the great-
er of— 
‘‘(i) 200 percent of the Federal pov-
erty line, as defined in section 673(2) of 
the Community Services Block Grant Act 
(42 U.S.C. 9902(2)), including any revi-
sion required by such section, for a family 
composed of the number of persons in the 
household at the end of such taxable year; 
or 
‘‘(ii) 80 percent of the median income 
for the area for such taxable year, as de-
termined by the Secretary of Housing and 
Urban Development for purposes of section 
3(b)(2) of the United States Housing Act 
of 1937 (42 U.S.C. 1437a(b)(2)), taking 
into account any family-size adjustment by 
the Secretary under such section that cor-
responds to the size of the household at 
the end of such taxable year. 
‘‘(B) MODIFIED ADJUSTED GROSS INCOME 
TEST.— 
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‘‘(i) IN GENERAL.—The modified ad-
justed gross income of the household for 
the last taxable year ending in or with the 
preceding calendar year does not exceed 
the amount described in clause (ii) for the 
individual whose eligibility is being deter-
mined under this section. 
‘‘(ii) 
AMOUNT
DESCRIBED.—The 
amount described in this clause for an in-
dividual is as follows: 
‘‘(I) MARRIED
FILING
JOINT-
LY.—$40,000 for an individual de-
scribed in subsection (a)(1) of section 
1 of the Internal Revenue Code of 
1986. 
‘‘(II) 
SURVIVING
SPOUSE.— 
$40,000 for an individual described in 
subsection (a)(2) of such section. 
‘‘(III) HEAD OF HOUSEHOLD.— 
$30,000 for an individual described in 
subsection (b) of such section. 
‘‘(IV) SINGLE OR MARRIED FIL-
ING SEPARATELY.—$20,000 for an in-
dividual described in subsection (c) or 
(d) of such section. 
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‘‘(iii) 
ADJUSTMENT
FOR
INFLA-
TION.— 
‘‘(I) IN GENERAL.—In the case 
of a calendar year described in clause 
(i) that is after 2018, the dollar 
amounts in clause (ii) shall be the dol-
lar amounts determined under this 
clause (or clause (ii)) for the previous 
year increased by the annual percent-
age increase (if any) in the consumer 
price index (all items; U.S. city aver-
age) as of September of the calendar 
year described in clause (i). 
‘‘(II) 
ROUNDING.—Any 
dollar 
amount determined under subclause 
(I) that is not a multiple of $100 shall 
be rounded to the next greatest mul-
tiple of $100.’’; and 
(B) in paragraph (2), by adding at the end 
the following new subparagraph: 
‘‘(D) ADJUSTMENT FOR INFLATION.— 
‘‘(i) IN GENERAL.—In the case of a 
calendar year described in subparagraph 
(A) that is after 2018, the dollar amount 
in such subparagraph shall be the dollar 
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amount determined under this clause (or 
such subparagraph) for the previous year 
increased by the annual percentage in-
crease (if any) in the consumer price index 
(all items; U.S. city average) as of Sep-
tember of the calendar year described in 
such subparagraph. 
‘‘(ii) ROUNDING.—Any dollar amount 
determined under clause (i) that is not a 
multiple of $100 shall be rounded to the 
next greatest multiple of $100.’’; 
(2) by redesignating subsection (b) as sub-
section (c); 
(3) by inserting after subsection (a) the fol-
lowing new subsection: 
‘‘(b) CALCULATING INCOME OF HOUSEHOLD.— 
‘‘(1) ADJUSTED GROSS INCOME.—For purposes 
of subsection (a)(1)(A), the adjusted gross income of 
a household for a taxable year is the sum of the ad-
justed gross incomes of the individuals who are 
members of the household at the end of such year. 
‘‘(2) MODIFIED
ADJUSTED
GROSS
INCOME.— 
For purposes of subsection (a)(1)(B), the modified 
adjusted gross income of a household for a taxable 
year is the sum of the modified adjusted gross in-
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comes of the individuals who are members of the 
household at the end of such year.’’; and 
(4) in subsection (c), as redesignated by para-
graph (2)— 
(A) by striking ‘‘, including’’ and all that 
follows and inserting a period; 
(B) by striking ‘‘The Secretary’’ and in-
serting the following: 
‘‘(1) IN GENERAL.—The Secretary’’; and 
(C) by adding at the end the following new 
paragraphs: 
‘‘(2) INDIVIDUALS
WHO
MOVE
BECAUSE
OF 
MAJOR DISASTERS OR EMERGENCIES OR TO FIND 
EMPLOYMENT.— 
‘‘(A) IN GENERAL.—The regulations pro-
mulgated under paragraph (1) shall establish 
procedures under which an individual described 
in subparagraph (B) may transfer from one 
demonstration project under this title to an-
other demonstration project under this title 
that is being conducted in another community 
by a qualified entity that agrees to accept the 
individual into the project. Such regulations 
shall not permit such a transfer unless such 
qualified entity has sufficient amounts in its 
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Reserve Fund to make the deposits required by 
section 410 with respect to the individual. 
‘‘(B) INDIVIDUAL
DESCRIBED.—An indi-
vidual described in this subparagraph is an in-
dividual 
participating 
in 
a 
demonstration 
project under this title who moves from the 
community in which the project is being con-
ducted— 
‘‘(i) because of— 
‘‘(I) a major disaster declared to 
exist in such community by the Presi-
dent under section 401 of the Robert 
T. Stafford Disaster Relief and Emer-
gency Assistance Act (42 U.S.C. 
5170) or an emergency declared to 
exist in such community by the Presi-
dent under section 501 of such Act 
(42 U.S.C. 5191); 
‘‘(II) a situation similar to a 
major disaster or emergency described 
in subclause (I) declared to exist in 
such community by the Governor of a 
State; or 
‘‘(III) a qualifying life event ex-
perienced by such individual; or 
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