I 
113TH CONGRESS 
1ST SESSION H. R. 1550 
To allow use of assistance under the Hardest Hit Fund program under 
the Troubled Assets Relief Program of the Department of the Treasury 
for demolition of foreclosed-upon properties and related expenses. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 15, 2013 
Mr. KILDEE (for himself and Mr. TURNER) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To allow use of assistance under the Hardest Hit Fund 
program under the Troubled Assets Relief Program of 
the Department of the Treasury for demolition of fore-
closed-upon properties and related expenses. 
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 ‘‘Revitalize America Act 
of 2013’’. 
VerDate Mar 15 2010 
22:34 Apr 19, 2013
Jkt 029200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H1550.IH
H1550
tkelley on DSK3SPTVN1PROD with BILLS
SEC. 2. USE OF HARDEST HIT FUND AMOUNTS FOR DEMO-
LITION AND RELATED ACTIVITIES. 
(a) AUTHORITY.—Notwithstanding any provision of 
title I of the Emergency Economic Stabilization Act of 
2008 (12 U.S.C. 5211 et seq.), any regulation, guidance, 
order, or other directive of the Secretary of the Treasury, 
or any agreement (or amendment thereto) entered into 
under the Hardest Hit Fund program of the Secretary 
under such title I, of any amounts of assistance that have 
been, or are, allocated for or provided to a State or State 
agency through the Hardest Hit Fund program, up to 25 
percent may be used for demolition of foreclosed-upon 
properties and related expenses, subject to the limitations 
in this section. 
(b) SUBGRANTEES; OWNERSHIP OF PROPERTY.—As-
sistance amounts referred to in subsection (a) may be used 
for the activities authorized under subsection (a) only— 
(1) pursuant to a grant of such assistance 
amounts to a public organization that shall admin-
ister such activities; and 
(2) if the foreclosed-upon properties to be de-
molished using such assistance are owned at the 
time of such demolition by the public organization 
that received the grant of assistance amounts re-
ferred to in paragraph (1). 
VerDate Mar 15 2010 
22:34 Apr 19, 2013
Jkt 029200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H1550.IH
H1550
tkelley on DSK3SPTVN1PROD with BILLS
(c) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) 
FORECLOSED-UPON.—The 
term 
‘‘fore-
closed-upon’’ means, with respect to a property, that 
one or more of the following conditions applies: 
(A) The property’s current delinquency 
status is at least 60 days delinquent under the 
Mortgage Bankers of America delinquency cal-
culation and the owner has been notified of this 
delinquency. 
(B) The property owner is 90 days or more 
delinquent on tax payments. 
(C) Under State, local, or tribal law, fore-
closure proceedings have been initiated or com-
pleted. 
(D) Foreclosure proceedings have been 
completed and title has been transferred to an 
intermediary aggregator or servicer. 
(2) PUBLIC ORGANIZATION.—The term ‘‘public 
organization’’ means, with respect to a State for 
which assistance under the Hardest Hit Fund pro-
gram is made available, a public entity separate 
from the government of such State, including a pub-
lic corporation, public land bank, or similar entity 
formed under State law. Such term does not include 
VerDate Mar 15 2010 
22:34 Apr 19, 2013
Jkt 029200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H1550.IH
H1550
tkelley on DSK3SPTVN1PROD with BILLS
an agency of the State government. Notwithstanding 
any provision of title I of the Emergency Economic 
Stabilization Act of 2008 (12 U.S.C. 5211 et seq.), 
such term public includes entities that are not finan-
cial institutions within the meaning given such term 
for purposes of such title I. 
(3) RELATED EXPENSES.—The term ‘‘related 
expenses’’ includes expenses of acquiring foreclosed- 
upon properties to be demolished, but if such acqui-
sition costs for a property do not exceed fair market 
value of the property, environmental cleanup of dem-
olition sites, fencing and minor landscaping con-
nected to such demolition, maintenance, disposition, 
and for such other expenses as the Secretary may 
provide. 
(4) PROPERTY.—The term ‘‘property’’ includes 
residential and commercial properties, including sin-
gle-family and multifamily housing and industrial 
properties. 
Æ 
VerDate Mar 15 2010 
22:34 Apr 19, 2013
Jkt 029200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6301
E:\BILLS\H1550.IH
H1550
tkelley on DSK3SPTVN1PROD with BILLS