such term is defined in subsection (c)) to disclose to the 
Secretary, on a calendar quarterly basis, the following in-
formation for the preceding calendar quarter regarding 
rental dwelling units owned by the covered entity: 
(1) The number and percentage of tenants that 
have been forced to vacate its units by court order 
or a threat that the entity would seek a court order. 
(2) The median rent for all units. 
(3) Any code violations and efforts to remedy 
such violations. 
(4) The median amount of fees and other mon-
ies paid by tenants to the covered owner other than 
monthly rent, actual utility charges and homeowners 
association fees, and security deposits. 
(5) The most recent standard lease agreement 
used by the covered owner. 
(6) The identity of the covered owner and its 
largest three shareholders, if the entity is owned by 
shareholders. 
(b) PUBLIC AVAILABILITY.—The Secretary shall 
make the information submitted to the Secretary pursuant 
to subsection (a) publicly available online. The Secretary 
shall update such information on a calendar quarterly 
basis and shall disaggregate such information by the 
smallest geographic area possible. 
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(c) DEFINITION OF COVERED OWNER.—The term 
‘‘covered owner’’ means any person or entity that in aggre-
gate owns or holds a controlling interest in any entity that, 
in aggregate, owns— 
(1) more than 100 rental units that are located 
within in a single Metropolitan Statistical Area; 
(2) more than 1,000 rental units nationwide; or 
(3) rental units in three or more States. 
SEC. 7. CONDITIONS FOR THE SALE OR GUARANTEE OF 
LOANS, REAL PROPERTY, AND RELATED SE-
CURITIES. 
(a) PROHIBITIONS.— 
(1) FEDERAL MORTGAGES, GUARANTEES, AND 
INSURANCE.—A covered rental housing owner may 
not— 
(A) purchase any mortgage, mortgage- 
backed security, or other loan that is made, 
sold, insured, guaranteed, or otherwise sup-
ported or assisted by any Federal agency or en-
terprise (which term for purposes of this sec-
tion, shall have the meaning given such term in 
section 1303 of the Housing and Community 
Development Act of 1992 (12 U.S.C. 4502)); 
(B) be provided any insurance or guar-
antee by any Federal agency or enterprise for 
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any mortgage for which the covered rental 
housing owner, or any entity in which such 
owner holds a controlling interest, is the mort-
gagee; 
(C) be provided any insurance or guar-
antee by any Federal agency or enterprise for 
any loan for which the covered rental housing 
owner, or any entity in which such owner holds 
a controlling interest, is the lender; or 
(D) purchase any FHA asset (as such 
term is defined in section 204(m) of the Na-
tional Housing Act, as added by subsection (d) 
of this section) from the Department of Hous-
ing and Urban Development or an enterprise 
that was acquired by such Department or enter-
prise pursuant to a foreclosure action on a 
mortgage insured under title II of the National 
Housing Act (12 U.S.C. 1707 et seq.). 
(2) MORTGAGE-BACKED SECURITIES.—Notwith-
standing any other provision of law, no Federal 
agency or enterprise may purchase, or issue any se-
curity backed by, any mortgage for which the mort-
gagee is a covered rental housing owner. 
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(b) COVERED RENTAL HOUSING OWNER.—For pur-
poses of this section, the term ‘‘covered rental housing 
owner’’ means— 
(1) any owner of rental housing who has been 
determined by the Secretary of Housing and Urban 
Development, on the record after an opportunity for 
an agency hearing, to— 
(A) have 3 or more documented or adju-
dicated instances of— 
(i) harassing tenants; 
(ii) violating any applicable codes re-
garding health and safety of rental dwell-
ings; 
(iii) evicting tenants without sufficient 
cause; or 
(iv) offering at-risk mortgagees tem-
porary interest-only modifications that do 
not support long-term affordability to bor-
rowers; or 
(B) have foreclosed on more than 40 per-
cent of occupied properties that are owned by 
the covered rental housing owner and subject to 
mortgages purchased from a government agen-
cy or enterprise; or 
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(2) any entity that owns or holds a controlling 
interest in entities that, in aggregate, own— 
(A) more than 100 rental units that are lo-
cated within in a single Metropolitan Statistical 
Area; 
(B) more than 1,000 rental units nation-
wide; or 
(C) rental units in three or more States. 
(c) TARGETING DISPOSITION OF FHA-OWNED AS-
SETS.—Section 204 of the National Housing Act (12 
U.S.C. 1710) is amended by adding at the end the fol-
lowing new subsection: 
‘‘(m) DISPOSITION REQUIREMENTS FOR FHA SIN-
GLE-FAMILY ASSETS.— 
‘‘(1) REQUIREMENT.—Except to the extent nec-
essary to comply with the capital ratio requirements 
of the Mutual Mortgage Insurance Fund under sec-
tion 205(f) (12 U.S.C. 1711(f)), the Secretary shall 
ensure that not less than 75 percent of the number 
of FHA assets sold in each fiscal year shall be made 
only to purchasers— 
‘‘(A) who will occupy the property that is 
the asset or is subject to the mortgage that is 
the asset; 
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‘‘(B) that is a nonprofit organization that 
has among its primary purposes significant ac-
tivities related to the provision of decent hous-
ing that is affordable to low- and moderate-in-
come families; 
‘‘(C) that is a community land trust or 
land bank that meets such requirements as the 
Secretary shall establish; or 
‘‘(D) is a community-controlled entity that 
meets such requirements as the Secretary shall 
establish. 
‘‘(2) FHA ASSETS.—For purposes of this sub-
section the term ‘FHA asset’ means— 
‘‘(A) a property that— 
‘‘(i) is designed as a dwelling for occu-
pancy by 1 to 4 families; 
‘‘(ii) was previously subject to a mort-
gage insured under the provisions of this 
title; and 
‘‘(iii) is owned by the Secretary pursu-
ant to the payment of insurance benefits 
under this title; or 
‘‘(B) a mortgage that— 
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‘‘(i) is an interest in a property that 
meets the requirements of clause (i) of 
subparagraph (A); 
‘‘(ii) was previously insured under this 
title except for mortgages insured under or 
made pursuant to section 235, 237, or 
255; and 
‘‘(iii) is held by the Secretary pursu-
ant to the payment of insurance benefits 
under this title.’’. 
SEC. 8. FEDERAL SHARE PAYABLE FOR FEDERAL-AID HIGH-
WAY PROJECTS. 
Section 120 of title 23, United States Code, is 
amended by adding at the end the following: 
‘‘(l) 
SPECIAL
RULES
REGARDING
EQUITABLE 
GROWTH AREAS.— 
‘‘(1) INCREASED FEDERAL SHARE FOR AREAS 
ENCOURAGING EQUITABLE GROWTH.— 
‘‘(A) IN
GENERAL.—The Federal share 
payable on account of any project under this 
chapter carried out in an area governed by a ju-
risdiction encouraging equitable growth and not 
governed by any jurisdiction blocking equitable 
growth shall be increased, up to the total cost 
of the project, by the greater of— 
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‘‘(i) 10 percent; or 
‘‘(ii) the percentage calculated in sub-
paragraph (B). 
‘‘(B) CALCULATION.— 
‘‘(i) IN
GENERAL.—Except as pro-
vided in clause (ii), the percentage in sub-
paragraph (A)(ii) shall be the percentage 
of the project (calculated by square mile-
age) that is governed by a jurisdiction en-
couraging equitable growth. 
‘‘(ii) MULTIPLE JURISDICTIONS.—For 
any project carried out in an area governed 
by multiple jurisdictions encouraging equi-
table growth and not governed by any ju-
risdiction blocking equitable growth, the 
percentage in subparagraph (A)(ii) shall be 
calculated by— 
‘‘(I) determining the percentage 
under clause (i) for each such juris-
diction; and 
‘‘(II) averaging the percentages 
under subclause (I). 
‘‘(2) DECREASED FEDERAL SHARE FOR AREAS 
BLOCKING EQUITABLE GROWTH.— 
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‘‘(A) IN
GENERAL.—The Federal share 
payable on account of any project under this 
chapter carried out in an area governed by a ju-
risdiction blocking equitable growth and not 
governed by any jurisdiction encouraging equi-
table growth shall be decreased by the greater 
of— 
‘‘(i) 10 percent; or 
‘‘(ii) the percentage calculated in sub-
paragraph (B). 
‘‘(B) CALCULATION.— 
‘‘(i) IN
GENERAL.—Except as pro-
vided in clause (ii), the percentage in sub-
paragraph (A)(ii) shall be the percentage 
of the project (calculated by square mile-
age) that is governed by a jurisdiction 
blocking equitable growth. 
‘‘(ii) MULTIPLE JURISDICTIONS.—For 
any project carried out in an area governed 
by multiple jurisdictions blocking equitable 
growth and not governed by any jurisdic-
tion encouraging equitable growth, the per-
centage in subparagraph (A)(ii) shall be 
calculated by— 
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‘‘(I) determining the percentage 
under clause (i) for each such juris-
diction; and 
‘‘(II) averaging the percentages 
under subclause (I). 
‘‘(3) SPECIAL RULE FOR MIXED COVERAGE OF 
JURISDICTIONS ENCOURAGING AND BLOCKING EQUI-
TABLE GROWTH.— 
‘‘(A) IN GENERAL.—For any project under 
this chapter carried out in an area any portion 
of which is governed by at least 1 jurisdiction 
encouraging equitable growth and at least 1 ju-
risdiction blocking equitable growth, the Fed-
eral share payable on account of such project 
shall be— 
‘‘(i) for any percentage under sub-
paragraph (B)(ii)(I), increased, up to the 
total cost of the project, by the percentage 
under such subparagraph; 
‘‘(ii) for any percentage under sub-
paragraph (B)(ii)(II), decreased by the 
percentage under such subparagraph; or 
‘‘(iii) for any percentage under sub-
paragraph (B)(ii)(III), neither increased or 
decreased. 
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‘‘(B) CALCULATION.—The percentages in 
subparagraph (A) shall be calculated by— 
‘‘(i) 
determining 
the 
percentages 
under paragraphs (1)(B) and (2)(B); and 
‘‘(ii) in any case in which— 
‘‘(I) the percentage in paragraph 
(1)(B) is greater than the percentage 
in paragraph (2)(B), subtracting the 
percentage in paragraph (2)(B) from 
the percentage in paragraph (1)(B); 
‘‘(II) the percentage in para-
graph (2)(B) is greater than the per-
centage in paragraph (1)(B), sub-
tracting the percentage in paragraph 
(1)(B) from the percentage in para-
graph (2)(B); or 
‘‘(III) the percentage in para-
graph (1)(B) is the same as the per-
centage in paragraph (2)(B), sub-
tracting the percentage in (1)(B) from 
the percentage in (2)(B). 
‘‘(4) DEFINITIONS.—For purposes of this sub-
section: 
‘‘(A) AFFORDABLE
DEVELOPMENT.—The 
term ‘affordable development’ means a housing 
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development in which not less than 15 percent 
of the housing units of such development are 
affordable housing units. 
‘‘(B) AFFORDABLE HOUSING UNIT.—The 
term ‘affordable housing unit’ means a housing 
unit for which the amount of rent does not ex-
ceed 9 percent of the median household income 
of the area in which the unit is located, as de-
termined by the Secretary. 
‘‘(C) JURISDICTION
ENCOURAGING
EQUI-
TABLE
GROWTH.—The term ‘jurisdiction en-
couraging equitable growth’ means any unit of 
State or local government that the Secretary 
determines has enacted and is enforcing any 
provision of law or regulation that— 
‘‘(i) allows an affordable development 
to contain a number of housing units 
greater than the number allowed by appli-
cable laws or regulations for other housing 
developments; 
‘‘(ii) streamlines or shortens permit-
ting processes and timelines for the con-
struction of affordable developments; 
‘‘(iii) eliminates height restrictions for 
affordable developments; 
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