I 
118TH CONGRESS 
2D SESSION 
H. R. 9990 
To increase access to affordable housing, reduce regulatory barriers, increase 
oversight, and assist the most vulnerable. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 15, 2024 
Mr. HILL (for himself, Mr. FITZGERALD, Mr. ROSE, Mr. LAWLER, Mr. NUNN 
of Iowa, and Mr. MEUSER) introduced the following bill; which was re-
ferred to the Committee on Financial Services 
A BILL 
To increase access to affordable housing, reduce regulatory 
barriers, increase oversight, and assist the most vulnerable. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Renewing Opportunity in the American Dream to Hous-
ing Act’’ or the ‘‘ROAD to Housing Act’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
TITLE I—IMPROVING FINANCIAL LITERACY 
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Sec. 101. Reforms to housing counseling and financial literacy programs. 
TITLE II—INCREASING ACCESS TO HOUSING 
Sec. 201. Rental assistance demonstration program. 
Sec. 202. Creating incentives for small dollar loan originators. 
Sec. 203. Small dollar mortgage points and fees. 
TITLE III—REGULATORY FLEXIBILITY 
Sec. 301. Authorization of Moving to Work Program. 
Sec. 302. Improving self-sufficiency of families in HUD-subsidized housing. 
Sec. 303. Updating the definition of manufactured home. 
TITLE IV—SERVING THE MOST VULNERABLE 
Sec. 401. Incentivizing local solutions to homelessness. 
TITLE V—PROMOTING OPPORTUNITY 
Sec. 501. Increasing housing in opportunity zones. 
TITLE VI—GOOD GOVERNANCE 
Sec. 601. Requiring annual testimony and oversight from housing regulators. 
Sec. 602. FHA reporting requirements on safety and soundness. 
Sec. 603. United States Interagency Council on Homelessness. 
Sec. 604. Neighborhood Reinvestment Corporation oversight. 
TITLE I—IMPROVING FINANCIAL 
LITERACY 
SEC. 101. REFORMS TO HOUSING COUNSELING AND FINAN-
CIAL LITERACY PROGRAMS. 
(a) IN GENERAL.—Section 106 of the Housing and 
Urban Development Act of 1968 (12 U.S.C. 1701x) is 
amended— 
(1) in subsection (a)(4)— 
(A) in subparagraph (B), by striking ‘‘sub-
paragraph (D)’’ and inserting ‘‘subparagraph 
(E)’’; 
(B) in subparagraph (C), by striking ‘‘ade-
quate distribution’’ and all that follows through 
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‘‘foreclosure rates’’ and inserting ‘‘that the re-
cipients are geographically diverse and include 
organizations that serve urban or rural areas’’; 
(C) by redesignating subparagraphs (D), 
(E), and (F) as subparagraphs (E), (F), and 
(G), respectively; and 
(D) by inserting after subparagraph (C) 
the following: 
‘‘(D) PRIORITY CONSIDERATION.—In dis-
tributing assistance made available under this 
paragraph, the Secretary shall give priority con-
sideration to entities serving areas with the 
highest home foreclosure rates.’’. 
(2) in subsection (e), by adding at the end the 
following: 
‘‘(6) CONSIDERATIONS.— 
‘‘(A) COVERED
MORTGAGE
LOAN
DE-
FINED.—In this paragraph, the term ‘covered 
mortgage loan’ means any loan which is secured 
by a first or subordinate lien on residential real 
property (including individual units of con-
dominiums and cooperatives) designed prin-
cipally for the occupancy of from 1- to 4-fami-
lies that is— 
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‘‘(i) insured by the Federal Housing 
Administration under title II of the Na-
tional Housing Act (12 U.S.C. 1707 et 
seq.); or 
‘‘(ii) guaranteed under section 184 or 
184A of the Housing and Community De-
velopment Act of 1992 (12 U.S.C. 1715z– 
13a, 1715z–13b). 
‘‘(B) COMPARISON.—For each counselor 
employed by an organization receiving assist-
ance under this section, the Secretary shall con-
sider the competence of the counselor compared 
to the default rate of all counseled borrowers of 
a covered mortgage loan in comparable mar-
kets, and such other factors as the Secretary 
determines appropriate to further the purposes 
of this section. 
‘‘(7) 
SUSPENSION
OF
CERTIFICATION.—If, 
based on the comparison required under paragraph 
(6)(B), the Secretary determines that a counselor 
lacks competence to provide counseling in the areas 
described in subsection (e)(2), the Secretary may— 
‘‘(A) require retesting of the individual; or 
‘‘(B) suspend the certification under this 
subsection for the individual.’’; and 
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(3) in subsection (i)— 
(A) by redesignating paragraph (3) as 
paragraph (4); and 
(B) by inserting after paragraph (2) the 
following: 
‘‘(3) TERMINATION OF ASSISTANCE.— 
‘‘(A) IN
GENERAL.—The Secretary may 
deny future covered assistance to an organiza-
tion or entity receiving covered assistance if the 
Secretary determines that the organization or 
entity, or the individual through which the or-
ganization or entity provides such counseling, 
presents an unacceptable risk to families ac-
cessing counseling services or the programs 
under which covered mortgage loans (as defined 
in subsection (e)(6)(A)), which determination 
shall be— 
‘‘(i) based on the comparison required 
under subsection (e)(6)(B); and 
‘‘(ii) made in accordance with regula-
tions issued by the Secretary. 
‘‘(B) NOTICE.— 
‘‘(i) IN
GENERAL.—The Secretary 
shall give an organization or entity receiv-
ing covered assistance at least 60 days 
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prior written notice of any termination 
under this paragraph, and the termination 
shall take effect at the end of the notice 
period, unless the Secretary withdraws the 
termination notice or extends the notice 
period. 
‘‘(ii) INFORMAL CONFERENCE.—If re-
quested in writing by the organization or 
entity within 30 days of the date of the no-
tice described in clause (i), the organiza-
tion or entity shall be entitled to an infor-
mal conference with the official authorized 
to issue termination notices on behalf of 
the Secretary (or a designee of that offi-
cial) at which the organization or entity 
may present for consideration specific fac-
tors that the organization or entity believes 
were beyond the control of the organization 
or entity and that caused the excessive de-
fault rates.’’. 
(b) OFFERING FORECLOSURE MITIGATION COUN-
SELING.— 
(1) COVERED MORTGAGE LOAN DEFINED.—In 
this subsection, the term ‘‘covered mortgage loan’’ 
means any loan which is secured by a first or subor-
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dinate lien on residential real property (including in-
dividual units of condominiums and cooperatives) de-
signed principally for the occupancy of from 1- to 4- 
families that is— 
(A) insured by the Federal Housing Ad-
ministration under title II of the National 
Housing Act (12 U.S.C. 1707 et seq.); 
(B) guaranteed under section 184 or 184A 
of the Housing and Community Development 
Act of 1992 (12 U.S.C. 1715z–13a, 1715z– 
13b); 
(C) made, guaranteed, or insured by the 
Department of Veterans Affairs; or 
(D) made, guaranteed, or insured by the 
Department of Agriculture. 
(2) OPPORTUNITY
FOR
BORROWERS.—A bor-
rower with respect to a covered mortgage loan who 
is 60 days or more delinquent on payments for the 
covered mortgage loan shall be given an opportunity 
to participate in housing counseling. 
(3) COST.—The cost of counseling for delin-
quent borrowers described in paragraph (2) with re-
spect to a covered mortgage loan described in para-
graph (1)(A) shall be paid for by the Mutual Mort-
gage Insurance Fund, as authorized under section 
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203(r)(4) of the National Housing Act (12 U.S.C. 
1709(r)(4)). 
TITLE II—INCREASING ACCESS 
TO HOUSING 
SEC. 201. RENTAL ASSISTANCE DEMONSTRATION PRO-
GRAM. 
The language under the heading ‘‘Rental Assistance 
Demonstration’’ in the Department of Housing and Urban 
Development Appropriations Act, 2012 (Public Law 112– 
55), is amended— 
(1) by striking the second proviso; and 
(2) by striking the fourth proviso. 
SEC. 202. CREATING INCENTIVES FOR SMALL DOLLAR 
LOAN ORIGINATORS. 
(a) SMALL DOLLAR MORTGAGE DEFINED.—In this 
section, the term ‘‘small dollar mortgage’’ means a mort-
gage loan having an original principal obligation of not 
more than $70,000 that is— 
(1) secured by real property designed for the 
occupancy of 1- to 4-families; and 
(2)(A) insured by the Federal Housing Admin-
istration under title II of the National Housing Act 
(12 U.S.C. 1707 et seq.); 
(B) made, guaranteed, or insured by the De-
partment of Veterans Affairs; 
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(C) made, guaranteed, or insured by the De-
partment of Agriculture; or 
(D) eligible to be purchased or securitized by 
the Federal Home Loan Mortgage Corporation or 
the Federal National Mortgage Association. 
(b) REQUIREMENT TO UPDATE REGULATIONS.—Not 
later than 270 days after the date of enactment of this 
Act, the Director of the Bureau of Consumer Financial 
Protection shall issue regulations to update part 1026 of 
title 12, Code of Federal Regulations (commonly referred 
to as ‘‘Regulation Z’’) to provide flexibilities for loan origi-
nator compensation that encourage origination of small 
dollar mortgages. 
SEC. 203. SMALL DOLLAR MORTGAGE POINTS AND FEES. 
(a) DEFINITION.—In this section, the term ‘‘small 
dollar mortgage’’ means a mortgage with an original prin-
cipal obligation of less than $70,000. 
(b) AMENDMENTS REQUIRED.—Not later than 270 
days after the date of enactment of this Act, the Director 
of the Bureau of Consumer Financial Protection, in con-
sultation with the Secretary of Housing and Urban Devel-
opment and the Director of the Federal Housing Finance 
Agency, shall amend the limitations with respect to points 
and fees under section 1026.43 of title 12, Code of Fed-
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eral Regulations, or any successor regulation, to encourage 
additional lending for small dollar mortgages. 
TITLE III—REGULATORY 
FLEXIBILITY 
SEC. 301. AUTHORIZATION OF MOVING TO WORK PRO-
GRAM. 
(a) PROGRAM REFORMS.—Section 204 of the Depart-
ments of Veterans Affairs and Housing and Urban Devel-
opment, and Independent Agencies Appropriations Act, 
1996 (42 U.S.C. 1437f note) is amended— 
(1) in the section heading, by striking ‘‘DEM-
ONSTRATION’’ and inserting ‘‘PROGRAM’’; 
(2) by striking subsection (a) and inserting the 
following: 
‘‘(a) PURPOSES.—The purposes of the program 
under this section are as follows: 
‘‘(1) ECONOMIC
INDEPENDENCE.—To develop 
measures to promote economic independence for 
families with children whose head of household is 
working, seeking work, or preparing for work, and 
for persons who are able to work, to obtain employ-
ment and become economically independent, by par-
ticipating in job training, educational programs, or 
other supportive services and programs that assist in 
meeting such goal. 
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‘‘(B) the progress of the public housing 
agency toward meeting the goals identified in 
the public housing agency’s application pursu-
ant to subsection (d)(1)(E), using the metrics 
identified in the public housing agency’s appli-
cation pursuant to such subsection; and 
‘‘(C) the extent of compliance by the public 
housing agency with the requirements of the 
program under this section and, in determining 
such extent of compliance, shall take into con-
sideration the unique characteristics of the pub-
lic housing agency. 
‘‘(3) VERIFICATION OF ACCURACY.—In assess-
ing information submitted by public housing agen-
cies pursuant to subsection (g) and in reviewing 
such information and making determinations pursu-
ant to paragraph (2) of this subsection, the Sec-
retary shall carry out control activities and proce-
dures designed to verify the accuracy of such infor-
mation, which shall include auditing a representative 
sample of such information using standard statis-
tical methods. 
‘‘(4) CONTINUED
PARTICIPATION.—The Sec-
retary shall not terminate the participation of any 
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public housing agency in the program under this 
section unless the Secretary finds that the agency— 
‘‘(A) is in material default of the condi-
tions and obligations under the governing docu-
ment for the participation in the program; 
‘‘(B) as demonstrated in its reports under 
subsection (g)(2) and its annual budget plans 
under subsection (g)(3), has persistently failed 
to meet the goals identified in its application, 
and the reasons or circumstances specified in 
the public housing agency’s reports and plans 
for such failure are not sufficient to justify the 
continued failure; 
‘‘(C) has misused or misappropriated 
funds; 
‘‘(D) has failed to make a good faith effort 
to carry out the purposes of the program speci-
fied in subsection (a); or 
‘‘(E) has failed to cure a material defi-
ciency in performance after notice and an op-
portunity to correct the deficiency. 
‘‘(5) CORRECTIVE ACTION PROGRAM.—The Sec-
retary shall carry out a program— 
‘‘(A) to identify public housing agencies 
participating in the program under this section 
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