encing a Federal, State, or local governmental entity or 
officer. 
SEC. 3. ASSISTANCE FOR THE NATIONAL URBAN LEAGUE. 
(a) USE.—The Secretary of Housing and Urban De-
velopment may make a grant to the National Urban 
League for the purpose of providing technical and finan-
cial assistance to local non-profit organizations to under-
take community development and affordable housing 
projects and programs serving low- and moderate-income 
households, particularly through organizations located in 
neighborhoods with substantial populations of African 
American income-disadvantaged households. Assistance 
provided by the Secretary under this section may be used 
by National Urban League to— 
(1) provide technical and financial assistance 
for site acquisition and development, construction fi-
nancing, and short- and long-term financing for 
housing, community facilities, and economic develop-
ment; 
(2) leverage capital from private entities, in-
cluding private financial institutions, insurance com-
panies, and private philanthropic organizations; 
(3) provide technical assistance, training, sup-
port, and advice to develop the management, finan-
cial, and administrative capabilities of housing devel-
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opment organizations serving low-income households, 
including African American households; and 
(4) conduct such other activities as may be de-
termined by the Secretary and the National Urban 
League. 
(b) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated for grants under this sec-
tion— 
(1) $5,000,000 for fiscal year 2008; and 
(2) $10,000,000 for each of fiscal years 2009 
and 2010. 
SEC. 4. ASSISTANCE FOR RAZA DEVELOPMENT FUND. 
(a) USE.—The Secretary of Housing and Urban De-
velopment may make a grant to the Raza Development 
Fund for the purpose of providing technical and financial 
assistance to local non-profit organizations to undertake 
community development and affordable housing projects 
and programs serving low- and moderate-income house-
holds, particularly through organizations located in neigh-
borhoods with substantial populations of income-disadvan-
taged households of Hispanic origin. Assistance provided 
by the Secretary under this section may be used by the 
Raza Development Fund to— 
(1) provide technical and financial assistance 
for site acquisition and development, construction fi-
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nancing, and short- and long-term financing for 
housing, community facilities, and economic develop-
ment; 
(2) leverage capital from private entities, in-
cluding private financial institutions, insurance com-
panies, and private philanthropic organizations; 
(3) provide technical assistance, training, sup-
port, and advice to develop the management, finan-
cial, and administrative capabilities of housing devel-
opment organizations serving low-income households, 
including Hispanic households; and 
(4) conduct such other activities as may be de-
termined by the Secretary and the Raza Develop-
ment Fund. 
(b) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated for grants under this sec-
tion— 
(1) $5,000,000 for fiscal year 2008; and 
(2) $10,000,000 for each of fiscal years 2009 
and 2010. 
SEC. 5. ASSISTANCE FOR THE HOUSING PARTNERSHIP NET-
WORK. 
(a) USE.—The Secretary of Housing and Urban De-
velopment may make a grant to the Housing Partnership 
Network (in this section referred to as the ‘‘Network’’) 
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for the purpose of creating, sustaining, and improving ac-
cess to affordable housing and community facilities that 
benefit very low-, low-, and moderate-income households 
and communities. Assistance provided by the Secretary 
under this section may be used by the Network to— 
(1) make investments, loans, and grants to its 
member nonprofits that demonstrate expertise in 
using such funds to leverage additional private cap-
ital to build, operate, finance, and sustain affordable 
housing and related community development facili-
ties; 
(2) make investments in entities sponsored by 
the Network with the intent to leverage additional 
private capital for the purpose of furthering the pro-
duction capacity, sustainability, or efficiency of its 
members; 
(3) pay for the necessary and reasonable ex-
penses of the Network to administer and oversee 
such investments, including the cost of underwriting, 
managing the assets of the Network, and reporting 
to the Secretary and other capital providers, pro-
vided however, that such expenses do not exceed 6 
percent of any amounts made available pursuant to 
subsection (b); and 
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(4) conduct such other activities as may be de-
termined by the Secretary and the Network. 
(b) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated for grants under this sec-
tion— 
(1) $5,000,000 for fiscal year 2008; and 
(2) $10,000,000 for each of fiscal years 2009 
and 2010. 
SEC. 6. ASSISTANCE FOR NATIONAL COMMUNITY RENAIS-
SANCE. 
(a) USE.—The Secretary of Housing and Urban De-
velopment may make a grant to the National Community 
Renaissance Program (hereafter in this section referred 
to as ‘‘National Core’’) to undertake affordable housing 
projects that benefit very low-, low- and moderate-income 
households. Assistance provided by the Secretary under 
this section may be used by National CORE— 
(1) for site acquisition, rehabilitation, and pres-
ervation of affordable multifamily housing units, in-
cluding development, construction financing, and 
short- and long-term financing for housing, commu-
nity facilities, and economic development; 
(2) to leverage capital from private entities, in-
cluding private financial institutions, insurance com-
panies, and private philanthropic organizations in 
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amounts not less than $3 for every $1 authorized in 
this section; and 
(3) conduct such other activities as may be de-
termined by the Secretary and National CORE. 
(b) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated for grants under this 
section— 
(1) $5,000,000 for fiscal year 2008; and 
(2) $10,000,000 for each of fiscal years 2009 
and 2010. 
SEC. 7. AUDITS AND REPORTS. 
(a) AUDIT.—In any year in which an entity or organi-
zation described under either section 3, 4, or 5 receives 
funds under this Act, the Comptroller General of the 
United States shall— 
(1) audit the financial transactions and activi-
ties of such entity or organization only with respect 
to such funds so received; and 
(2) submit a report detailing such audit to the 
Committee on Financial Services of the House of 
Representatives and the Committee on Banking, 
Housing, and Urban Affairs of the Senate. 
(b) GAO REPORT.—The Comptroller General of the 
United States shall conduct a study and submit a report 
to the Committee on Financial Services of the House of 
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Representatives and the Committee on Banking, Housing, 
and Urban Affairs of the Senate on the use of any funds 
appropriated to an entity or organization described under 
either section 3, 4, or 5 over the past 10 years. 
SEC. 8. PERSONS NOT LAWFULLY PRESENT IN THE UNITED 
STATES. 
None of the funds made available under this Act may 
be used to provide direct housing assistance to any person 
not lawfully present in the United States. 
Æ 
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