pose of short-term rentals and may 
provide such services as a staffed 
front desk, a concierge, or other 
amenities consistent with providing 
customer service for non-owner occu-
pied or short-term rental units in the 
development, including marketing that 
describes the property as a lodge, re-
sort, or other similar facility; 
and any multifamily housing development 
that otherwise complies with the require-
ments under this subclause may not be 
considered ineligible because the develop-
ment or any portion of the development is 
called or referred to as a ‘condotel’, ‘condo- 
hotel’, ‘lodge’, or any other title; 
‘‘(III) is subject to resale restrictions 
that— 
‘‘(aa) are recorded with the ap-
propriate public registry for recording 
of titles and interests in real estate; 
and 
‘‘(bb) terminate upon foreclosure 
or execution of any deed-in-lieu-of- 
foreclosure; and 
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‘‘(IV) is located in an area that, at 
the time of the origination of the mort-
gage, is a high tourism area. 
‘‘(ii) MORTGAGOR
INCOME.—The house-
hold of the mortgagor shall have a gross house-
hold income— 
‘‘(I) that does not exceed 160 percent 
of the area median income, as determined 
and updated by the Secretary of Housing 
and Urban Development or the Director of 
the Federal Housing Finance Agency on 
an annual basis; and 
‘‘(II) not less than 75 percent of 
which is earned from positions the dis-
charge of whose duties involved physical 
presence in one or more high tourism 
areas. 
‘‘(iii) EMPLOYMENT.—The mortgagor or 
another member of the mortgagor’s house-
hold— 
‘‘(I) has been employed, during the 6- 
month period ending upon execution of the 
mortgage, in a position or multiple posi-
tions the discharge of whose duties in-
volved physical presence in one or more 
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high tourism areas, in the aggregate, for 
an average of not less than 30 hours per 
week; 
‘‘(II) is employed at the time of the 
execution of the mortgage in a position or 
multiple positions the discharge of whose 
duties involve physical presence in one or 
more high tourism areas, in the aggregate, 
for an average of not less than 30 hours 
per week and the duration of such employ-
ment in such position is expected to last at 
least 6 months; 
‘‘(III) is 60 years of age or older and, 
during the 5-year period ending up the 
mortgagor’s retirement from employment 
was employed in a position or positions the 
discharge of whose duties involved physical 
presence in one or more high tourism areas 
for— 
‘‘(aa) an average of not less than 
30 hours per week; and 
‘‘(bb) for not less than 8 months 
per year; 
‘‘(IV) is a person with disabilities (as 
such term is defined in section 811(k) of 
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the Cranston-Gonzalez National Affordable 
Housing Act (42 U.S.C. 8013)) who— 
‘‘(aa) was employed, during the 
2-year period ending upon becoming 
disabled, in a position or positions de-
scribed in subclause (I) or (II); or 
‘‘(bb) is employed in a position or 
positions described in subclause (I) or 
(II), except that the 30-hour require-
ment under such subclauses shall not 
apply to such person if— 
‘‘(AA) compliance with such 
requirement would make such 
person 
ineligible 
for 
benefits 
made available for persons with 
disabilities through a program of 
any State agency for develop-
mental disabilities or through the 
supplemental 
security 
income 
program under title XVI of the 
Social Security Act; and 
‘‘(BB) such person works 
the maximum number of hours 
per week allowable for eligibility 
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for benefits under such program; 
or 
‘‘(V) is the head of household in a 
household that includes one or more de-
pendents, at least one of whom is at the 
time of the execution of the mortgage 5 
years of age or younger or is enrolled full- 
time in a school in a high tourism area. 
‘‘(iv) CONFORMING
LOAN.—The original 
principal obligation of the mortgage shall com-
ply with the applicable dollar amount limita-
tions established pursuant to paragraph (2). 
‘‘(C) HIGH TOURISM AREA.—For purposes of 
this paragraph, the term ‘high tourism area’ means 
any county that is designated as a high tourism 
county pursuant to section 5 of the Affordable 
Housing Regulation Simplification Act of 2012.’’. 
SEC. 3. INSURANCE OF AFFORDABLE WORKFORCE HOUS-
ING MORTGAGES BY FHA. 
Section 203 of the National Housing Act (12 U.S.C. 
1709) is amended by adding at the end the following new 
subsection: 
‘‘(y) MORTGAGES
FOR AFFORDABLE WORKFORCE 
HOUSING.— 
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‘‘(1) INSURANCE
AUTHORITY.—The Secretary 
may insure under this section any affordable work-
force housing mortgage meeting the requirements of 
subsection (b) of this section, except as modified by 
this subsection. 
‘‘(2) EXEMPTIONS.—Notwithstanding any other 
provision of law, any requirements and guidelines of 
the Secretary that are inconsistent with the author-
ity under paragraph (1) shall not apply to any af-
fordable workforce housing mortgage. 
‘‘(3) 
AFFORDABLE
WORKFORCE
HOUSING 
MORTGAGES.—For purposes of this subsection, the 
term ‘affordable workforce housing mortgage’ means 
a mortgage that meets the following requirements: 
‘‘(A) PROPERTY.—The mortgage shall be 
made for the purchase of, and secured by, a 
one-family residence that— 
‘‘(i) shall be used as the residence of 
the mortgagor for not less than 8 of any 
12 months and 240 days of any 365 days; 
‘‘(ii) is located within or is part of a 
multifamily housing development— 
‘‘(I) that consists of 5 or more 
dwelling units or a mixed-use develop-
ment that is not less than 50 percent 
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