I 
118TH CONGRESS 
2D SESSION 
H. R. 7972 
To increase the supply of, and lower rents for, affordable housing and to 
assess calculations of area median income for purposes of Federal low- 
income housing assistance, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 12, 2024 
Ms. CLARKE of New York (for herself, Ms. TLAIB, Ms. NORTON, Mr. JOHN-
SON of Georgia, Mr. LIEU, Mr. NEGUSE, Mr. BOWMAN, Ms. PRESSLEY, 
Ms. VELA´ZQUEZ, Ms. OCASIO-CORTEZ, Ms. MANNING, Ms. LEE of Cali-
fornia, Mr. GOLDMAN of New York, Ms. SCHAKOWSKY, Mr. MEEKS, Ms. 
ADAMS, Mr. CARSON, Mr. GRIJALVA, Mrs. CHERFILUS-MCCORMICK, Mrs. 
WATSON COLEMAN, Ms. GARCIA of Texas, Ms. KELLY of Illinois, Mr. 
VEASEY, and Mr. PHILLIPS) introduced the following bill; which was re-
ferred to the Committee on Financial Services 
A BILL 
To increase the supply of, and lower rents for, affordable 
housing and to assess calculations of area median income 
for purposes of Federal low-income housing assistance, 
and for other purposes. 
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 ‘‘Affordable Housing 
and Area Median Income Fairness Act of 2024’’. 
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SEC. 2. URGENT SUPPORT FOR AFFORDABLE HOUSING IN-
FRASTRUCTURE. 
(a) HOME INVESTMENT PARTNERSHIPS PROGRAM.— 
(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated to carry out 
title II of the Cranston-Gonzalez National Afford-
able Housing Act (42 U.S.C. 1721 et seq.) 
$5,000,000,000 for each of fiscal years 2025 
through 2034. 
(2) LIMITATION.—Any amounts appropriated 
pursuant to paragraph (1) shall be used only for as-
sistance for any area within a jurisdiction for which 
the Secretary has applied a high housing cost ad-
justment. 
(b) COMMUNITY DEVELOPMENT BLOCK GRANTS.— 
(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated for commu-
nity development block grant assistance under sec-
tion 106 of the Housing and Community Develop-
ment Act of 1974 (42 U.S.C. 5306) $5,000,000,000 
for each of fiscal years 2025 through 2034. 
(2) LIMITATION.—Any amounts appropriated 
pursuant to paragraph (1) shall be used only for as-
sistance for any area within a jurisdiction for which 
the Secretary has applied a high housing cost ad-
justment. 
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(c) HOUSING TRUST FUND.— 
(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated to the Hous-
ing Trust Fund established under section 1338(a) of 
the Federal Housing Enterprises Financial Safety 
and Soundness Act of 1992 (12 U.S.C. 4568(a)) 
$5,000,000,000 for each of fiscal years 2025 
through 2034. 
(2) LIMITATION.—Any amounts appropriated 
pursuant to paragraph (1) shall be used only for as-
sistance for any area within a jurisdiction for which 
the Secretary has applied a high housing cost ad-
justment. 
SEC. 3. ASSESSMENT REGARDING OPTIMIZING USE OF 
AREA MEDIAN INCOME TO SUPPORT AFFORD-
ABLE HOUSING IN URBAN AREAS. 
(a) ASSESSMENT
OF ALTERNATIVE CALCULATION 
METHODS.—Not later than 180 days after the date of the 
enactment of this Act, the Secretary shall commence an 
assessment of alternative methods for calculating area me-
dian income, and the use of alternative metrics, for pro-
grams administered by the Secretary that would make 
housing more affordable for low-income families residing 
in urban areas nationwide, which shall include analysis of 
the topics identified in subsection (b). 
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(b) REPORT.—Not later than two years after the date 
of the enactment of this Act, the Secretary shall submit 
to the Committee on Financial Services of the House of 
Representatives and the Committee on Banking, Housing, 
and Urban Affairs of the Senate, and make publicly avail-
able, a report setting forth the results of the assessment 
conducted pursuant to subsection (a), which shall in-
clude— 
(1) a review and summarization of significant 
findings and recommendations from any related pre-
vious reports regarding area median income; 
(2) an assessment of the extent and impacts of 
the affordable housing crisis in urban areas nation-
wide, particularly within jurisdictions for which the 
Secretary has applied a high housing cost adjust-
ment, including a comparison of rent burdens for 
very low-income households in jurisdictions with and 
without high housing cost adjustments; 
(3) an analysis and assessment of the effects 
that high housing cost adjustments have had on in-
come limits and rent prices in jurisdictions for which 
the Secretary has applied such an adjustment, in-
cluding any effects on maximum rents allowed under 
sections 42 and 142 of the Internal Revenue Code 
of 1986 for tax-subsidized units; 
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(4) an updated assessment of the potential im-
pacts to affordable housing, particularly on income 
limits and rent prices, of calculating area median in-
come on a ZIP Code level basis and using other lo-
calized methodologies; 
(5) a process through which State housing au-
thorities may designate area median income jurisdic-
tions within that State; 
(6) an assessment of alternative metrics to area 
median income for the purposes of setting income 
levels and related thresholds for affordable housing 
programs administered by the Secretary; 
(7) recommendations for how the Secretary 
could reform or eliminate use of area median income 
for the purposes of making housing more affordable 
for low-income and middle class families in urban 
areas; 
(8) any further recommendations for how the 
Secretary could use existing authorities to make 
housing more affordable for low-income and middle 
class families in urban areas, particularly for such 
families for which the Secretary has applied a high 
housing cost adjustment; and 
(9) an assessment of the impacts that West-
chester and Rockland Counties in New York State 
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have on the City of New York’s area median income, 
related metrics, and affordable housing supply, in-
cluding on income limits and maximum rent prices 
for affordable housing units within the jurisdiction 
of the City of New York. 
(c) METHODOLOGY.—Not later than 45 days after 
the date of the enactment of this Act, the Secretary shall 
submit a report to the Committee on Financial Services 
of the House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate de-
scribing the methodology that will be used to conduct the 
assessment under this section. 
SEC. 4. DEFINITIONS. 
For purposes of this Act, the following definitions 
shall apply: 
(1) AREA MEDIAN INCOME.—The term ‘‘area 
median income’’ means median income for an area, 
as such term is used in section 3(b) of the United 
States Housing Act of 1937 (42 U.S.C. 1437a(b)), 
median family income, and any other substantively 
similar metric that the Secretary uses to refer to the 
median income level for a given area or jurisdiction 
for purposes of any program administered by the 
Secretary. 
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(2) HIGH HOUSING COST ADJUSTMENT.—The 
term ‘‘high housing cost adjustment’’ means an ad-
justment for high housing costs or high construction 
costs, or any substantively similar adjustment that 
the Secretary may use to increase income limits for 
areas where the cost of housing is abnormally high 
compared to the median income for such area, for 
purposes of any program administered by the Sec-
retary. 
(3) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Housing and Urban Development. 
Æ 
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