SEC. 2. ASSISTANCE TO STATES FOR FORECLOSURE MITI-
GATION COUNSELING. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall make grants to the States for providing foreclosure- 
mitigation counseling to homeowners of owner-occupied 
single family homes with mortgage loans in default or in 
danger of default. Such counseling activities shall be de-
signed to prevent or mitigate foreclosure and result in the 
long-term affordability of the mortgage retained or result-
ing pursuant to the activity or another positive outcome 
for the homeowner. 
(b) TIMING.—The Secretary shall make all grants 
under this section not later than the expiration of the 90- 
day period beginning on the date of the enactment of this 
Act. 
(c) REGULATIONS.—Before the expiration of the pe-
riod referred to in subsection (b), the Secretary shall issue 
regulations to carry out this section, which shall prescribe 
criteria for— 
(1) allocation of the entire amount made avail-
able for grants under this section among the States; 
(2) eligible use of such amounts; and 
(3) eligibility of entities to provide foreclosure- 
mitigation counseling activities with such amounts. 
(d) REQUIREMENT FOR NONPROFIT ASSISTANCE.— 
Each State that receives a grant under this section shall 
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provide not less than 95 percent of the grant amounts to 
nonprofit entities for the provision of foreclosure-mitiga-
tion counseling in accordance with subsection (a). 
(e) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) NONPROFIT ENTITY.—The term ‘‘nonprofit 
entity’’ means any private organization or entity 
that— 
(A) is organized under State or local law; 
(B) has no part of its net earning inuring 
to the benefit of any member, founder, contrib-
utor, or individual; and 
(C) complies with standards of financial 
accountability acceptable to the Secretary. 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury. 
(3) STATES.—The term ‘‘States’’ means the 
States of the United States, the District of Colum-
bia, the Commonwealth of Puerto Rico, the Com-
monwealth of the Northern Mariana Islands, Guam, 
the Virgin Islands, American Samoa, and any other 
territory or possession of the United States. 
(f) AUTHORIZATION OF FUNDS.—There is authorized 
to be appropriated to the Secretary for grants under this 
section $500,000,000 for fiscal year 2008. 
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SEC. 3. INCREASED COMMUNITY DEVELOPMENT BLOCK 
GRANT ASSISTANCE. 
There is authorized to be appropriated for community 
development block grant assistance under section 106 of 
the Housing and Community Development Act of 1974 
(42 U.S.C. 5306) $500,000,000 for fiscal year 2008. The 
amounts authorized to be appropriated under this section 
are in addition to amounts made available for such pur-
pose for such fiscal year under the Consolidated Appro-
priations Act, 2008 (Public Law 110–161). 
Æ 
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