(3) The Administrator of the Rural Housing 
Service. 
SEC. 403. TESTIMONY AND REPORT FROM UNITED STATES 
INTERAGENCY COUNCIL ON HOMELESSNESS. 
Section 203(a) of the McKinney-Vento Homeless As-
sistance Act (42 U.S.C. 11313(a)) is amended— 
(1) in paragraph (1)— 
(A) by striking ‘‘Homeless Emergency As-
sistance and Rapid Transition to Housing Act 
of 2009’’ and inserting ‘‘Revitalizing America’s 
Housing Act’’; and 
(B) by striking ‘‘update such plan annu-
ally’’ and inserting the following: ‘‘submit to the 
President and Congress a report every year 
thereafter that includes— 
‘‘(A) the status of completion of the plan; 
‘‘(B) any modifications that were made to 
the plan and the reasons for those modifica-
tions; and 
‘‘(C) an estimate of when homelessness will 
be ended;’’; 
(2) by redesignating paragraphs (10) through 
(13) as paragraphs (11) through (14), respectively; 
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(3) by redesignating the second paragraph (9) 
(relating to collecting and disseminating informa-
tion) as paragraph (10); 
(4) in paragraph (13), as so redesignated, by 
striking ‘‘and’’ at the end; 
(5) in paragraph (14), as so redesignated, by 
striking the period at the end and inserting ‘‘; and’’; 
and 
(6) by adding at the end the following: 
‘‘(15) testify annually before Congress.’’. 
SEC. 404. REPORT DETAILING NYCHA COMPLIANCE WITH 
AND HUD OVERSIGHT OF 2019 AGREEMENT. 
(a) CONGRESSIONAL FINDINGS.—The Congress finds 
that— 
(1) the New York City Housing Authority (in 
this section referred to as the ‘‘Authority’’) is the 
largest housing authority in the United States, pro-
viding housing for over 520,000 residents in over 
177,000 apartments in the City of New York (in 
this section referred to as the ‘‘City’’); 
(2) the Authority is a public housing agency 
that receives Federal financial assistance from the 
Department of Housing and Urban Development (in 
this section referred to as the ‘‘Department’’) to ad-
minister its public housing program; 
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(3) the Authority is required to, among other 
things, provide decent, safe, and sanitary housing 
for the public housing residents of the City and com-
ply with Federal law protecting children from the 
hazards of lead poisoning; 
(4) on June 11, 2018, the United States filed 
a complaint in the United States District Court for 
the Southern District of New York (in this section 
referred to as the ‘‘Complaint’’); which set forth the 
findings of the United States investigation, alleging, 
among other things, that the Authority had— 
(A) routinely failed to comply with lead- 
based paint safety regulations; 
(B) failed to provide decent, safe, and san-
itary housing, including with respect to the pro-
vision of heat and elevators and the control and 
treatment of mold and pests; and 
(C) repeatedly misled the Department 
through false statements and deceptive prac-
tices; 
(5) in a Consent Decree executed June 11, 
2018, the Authority made admissions regarding, 
among other things, deficiencies in physical condi-
tions with respect to lead, mold, heating, elevators 
and pests and made untrue statements to the De-
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partment regarding the conditions of the Authority’s 
properties and practices with regard to Public Hous-
ing Assessment System inspections; 
(6) based on the Authority’s misconduct as de-
tailed in the Complaint, on January 31, 2019, the 
Secretary of Housing and Urban Development (in 
this section referred to as the ‘‘Secretary’’) declared 
that the Authority is in substantial default within 
the meaning of section 6(j)(3)(A) of the United 
States 
Housing 
Act 
of 
1937 
(42 
U.S.C. 
1437d(j)(3)(A)); 
(7) the Department did not take possession of 
the Authority or appoint a receiver, but instead en-
tered into a voluntary agreement between the Au-
thority, the Department, and the City on January 
31, 2019, under which the Authority agreed to rem-
edy noted deficiencies subject to the oversight of a 
Monitor appointed by the City; 
(8) as of the date of the enactment of this Act, 
the Authority has still fully not complied with the 
agreement, including the remedying of deficiencies 
or compliance with its obligations under Federal law; 
(9) the Department and the United States At-
torney’s Office for the Southern District of New 
York have sought to extend the term of a Monitor 
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over the Authority for an additional five years begin-
ning in 2024; 
(10) the residents of housing provided by the 
Authority should not be required to wait five addi-
tional years for the Authority to provide decent, 
safe, and sanitary housing conditions, as is the 
Authority’s most basic and necessary function under 
the law; and 
(11) the Congress believes that it must provide 
additional oversight over the Authority, the Depart-
ment, the City, and the Monitor in order to compel 
the Authority to fix the appalling conditions and 
other issues that lead to a declaration of substantial 
default under section 6(j)(3)(A) of the United States 
Housing Act of 1937. 
(b) INVESTIGATION AND REPORT TO CONGRESS.— 
(1) INVESTIGATION.—The Inspector General of 
the Department of Housing and Urban Development 
shall conduct an investigation of the Authority, 
which shall include at a minimum— 
(A) determining the status of the New 
York City Housing Authority’s compliance with 
the agreement entered into between the Author-
ity, the Department, and the City on January 
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31, 2019, including specific areas of deficiency 
and progress towards compliance; 
(B) conducting a review of actions taken 
by the Monitor over the Authority pursuant to 
such Agreement, including any gaps in over-
sight by the Monitor; 
(C) conducting a survey of the physical 
conditions of housing provided by the Authority 
for the City’s residents; 
(D) conducting an examination of any 
waste, fraud, abuse and violations of Federal 
law committed by employees or contractors of 
the Authority; and 
(E) identifying other priority issues and 
areas, as deemed necessary and appropriate by 
the Inspector General. 
(2) REPORT.—Not later than the expiration of 
the 180-day period beginning on the date of the en-
actment of this Act, the Inspector General shall pro-
vide to the Committee on Financial Services of the 
House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate 
a report setting forth the findings of its investiga-
tion, a summary of actions the Department may 
take to compel the Authority to remedy deficiencies, 
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and any other recommendations of the Inspector 
General. 
SEC. 405. FHA REPORTING REQUIREMENTS ON SAFETY 
AND SOUNDNESS. 
(a) MONTHLY REPORTING ON MUTUAL MORTGAGE 
INSURANCE FUND CAPITAL RATIO.—Section 202(a) of 
the National Housing Act (12 U.S.C. 1708(a)) is amended 
by adding at the end the following: 
‘‘(8) OTHER REQUIRED REPORTING.—The Sec-
retary shall— 
‘‘(A) submit to Congress monthly reports 
on the capital ratio required under section 
205(f)(2); and 
‘‘(B) notify Congress as soon as prac-
ticable after the Fund falls below the capital 
ratio required under section 205(f)(2).’’. 
(b) FIRST-TIME HOMEBUYERS.— 
(1) DEFINITIONS.—In this section— 
(A) the terms ‘‘consumer report’’ has the 
meaning given the term in section 603 of the 
Fair Credit Reporting Act (15 U.S.C. 1681a); 
and 
(B) the term ‘‘Federally backed mortgage 
loan’’ has the meaning given the term in section 
4022 of the CARES Act (15 U.S.C. 9056). 
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(2) DEFINITION OF FIRST-TIME HOMEBUYER.— 
For purposes of qualifying for a Federally backed 
mortgage loan for which a consumer report is fur-
nished to a creditor by a consumer reporting agency 
described in section 603(p) of the Fair Credit Re-
porting Act (15 U.S.C. 1681a(p)), a first-time 
homebuyer shall be defined as a borrower whose con-
sumer report does not indicate that the borrower has 
or had a loan with a consumer purpose that is se-
cured by a 1- to 4-unit residential real property. 
(c) GAO STUDY
ON SUSTAINABLE HOMEOWNER-
SHIP.—Not later than 180 days after the date of enact-
ment of this Act, the Comptroller General of the United 
States shall conduct a study and submit to Congress a 
report on— 
(1) the value for the Federal Housing Adminis-
tration of defining what is sustainable homeowner-
ship in way that considers borrower default, refi-
nancing to a non-insured mortgage product, paying 
off a mortgage loan and transitioning back to rent-
ing, and other factors that demonstrate whether in-
surance provided under title II of the National 
Housing Act (12 U.S.C. 1707 et seq.) has success-
fully served a borrower, including for first-time 
homebuyers as defined in subsection (b)(2); and 
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(2) the feasibility of the Federal Housing Ad-
ministration developing a scorecard using the 
metrics described in paragraph (1) to measure bor-
rower performance and reporting the scorecard data 
to Congress. 
SEC. 406. COMBATTING SQUATTING. 
(a) CONGRESSIONAL FINDINGS.—The Congress finds 
that— 
(1) unlawfully entering a property without the 
permission of the property owner and residing in 
that property for consecutive days without the per-
mission of the property owner and without the pay-
ment of rent or a rental contract agreed to by the 
property owner can be defined as ‘‘squatting’’ and 
should not confer any special status as a tenant or 
lawful occupant of the property; 
(2) local law enforcement should take actions to 
expeditiously remove from a property any persons or 
persons engaging in squatting and should prosecute 
such actions as prescribed by local law; 
(3) Federal Government benefits, including 
loans, loan guarantees, subsidies, and tax credits, 
should not be used to reinforce, condone, or other-
wise incentivize squatting; and 
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(4) real estate collateral securing a government 
or government-sponsored enterprise loan, or subject 
to a loan guarantee, mortgage insurance or other 
Federal mortgage support program must be pro-
tected from persons engaging in squatting as it cre-
ates undue risks for the value of such property. 
(b) PROHIBITION ON CDBG FUNDING.—Section 104 
of the Housing and Community Development Act of 1974 
(42 U.S.C. 5304) is amended by adding at the end the 
following: 
‘‘(n) WITHHOLDING OF FUNDS FOR JURISDICTIONS 
THAT PERMIT SQUATTING.— 
‘‘(1) PROHIBITION.—The Secretary shall, by 
regulation— 
‘‘(A) prohibit the allocation and provision 
of funds under this title for any unit of general 
local government that permits squatting or con-
fers special status for rights of tenancy for a 
person or persons engaging in the practice of 
squatting; and 
‘‘(B) provide for— 
‘‘(i) units of general local government 
to take corrective actions to remedy the 
applicability of the prohibition under sub-
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number of public housing agencies that may 
participate in the program under this section.’’; 
(D) by striking ‘‘The Secretary shall’’ and 
all that follows through ‘‘demonstration.’’ and 
inserting the following: 
‘‘(2) IDENTIFICATION
OF
REPLICABLE
MOD-
ELS.—The Secretary shall provide training and tech-
nical assistance under the program and conduct de-
tailed evaluations of various agencies to identify 
replicable program models promoting the purposes 
of the program.’’; 
(E) by striking ‘‘Under the demonstration’’ 
and inserting the following: 
‘‘(3) COMBINATION
OF
ASSISTANCE.—Under 
the program under this section’’; and 
(F) by striking ‘‘operating assistance pro-
vided under section 9 of the United States 
Housing Act of 1937, modernization assistance 
provided under section 14’’ and inserting 
‘‘amounts provided to the agency from the Op-
erating Fund under section 9(e) of the United 
States Housing Act of 1937, amounts provided 
to the agency from the Capital Fund under sec-
tion 9(d)’’; 
(4) in subsection (c)— 
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