I
104TH CONGRESS
1ST SESSION
H. R. 1017
To amend title I of the Housing and Community Development Act of 1974
to give preference in awarding economic development grants made in
connection with community development loan guarantees to cities having
high unemployment rates.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 22, 1995
Mr. TRAFICANT introduced the following bill; which was referred to the
Committee on Banking and Financial Services
A BILL
To amend title I of the Housing and Community Develop-
ment Act of 1974 to give preference in awarding eco-
nomic development grants made in connection with com-
munity development loan guarantees to cities having high
unemployment rates.
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 ‘‘EDI Reform Act of
1995’’.
SEC. 2. SELECTION CRITERIA FOR EDI GRANTS.
Section 108(q) of the Housing and Community De-
velopment Act of 1974 (42 U.S.C. 5308(q)) is amended—
(1) in paragraph (4)(B), by inserting before the
semicolon at the end the following: ‘‘, which shall be
determined in a manner that takes into consider-
ation the rate of unemployment in such community
and jurisdiction’’; and
(2) by adding at the end the following new
paragraph:
‘‘(5) PREFERENCE FOR HIGH UNEMPLOYMENT
JURISDICTIONS.—
‘‘(A) MINIMUM REQUIREMENTS.—In pro-
viding for the selection of eligible public entities
for assistance under this subsection, the Sec-
retary shall establish minimum requirements
for eligibility for such assistance based on the
factors included in the selection criteria estab-
lished pursuant to paragraph (4).
‘‘(B) PREFERENCE.—With respect to any
single competition for assistance under this sub-
section, unless such assistance is provided for
each eligible public entity applying for such as-
sistance that—
‘‘(i) complies with the minimum re-
quirements for eligibility,
‘‘(ii) has a rate of unemployment in
the community to be served (based on such
recent available data as the Secretary con-
siders appropriate) that exceeds the rate
that the Secretary shall select (for pur-
poses of this paragraph) to indicate the ex-
istence of a severe unemployment problem
within a community, and
‘‘(iii) otherwise complies with the re-
quirements for receiving assistance under
this subsection,
the Secretary may not provide such assistance
to any other eligible public entity.’’.
SEC. 3. APPLICABILITY TO PROPOSED COMMUNITY OPPOR-
TUNITY PERFORMANCE FUND.
If there is established—
(1) a Community Opportunity Performance
Fund program (as proposed in the Budget of the
United States Government for Fiscal Year 1996
submitted by the President pursuant to section
1105(a) of title 31, United States Code), or
(2) any other program to consolidate various
programs for community economic development as-
sistance of the Department of Housing and Urban
Development, which—
(A) includes or eliminates the program for
economic development grants under section
108(q) of the Housing and Community Devel-
opment Act of 1974, and
(B) provides for the determination of the
amount of assistance provided under the pro-
gram for jurisdictions or communities based
upon a formula,
the formula that determines the amount of assistance pro-
vided for a jurisdiction or community under the program
so established shall take into consideration the rate or ex-
tent of unemployment in the jurisdiction or community.
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