Sec. 101. Identification of regulatory barriers to affordable housing in HUD 
annual report. 
Sec. 102. Qualifying ordinary income added to special rules for investments in 
opportunity zones. 
Sec. 103. Relieving strain from shortages of transformers. 
Sec. 104. Incentivizing zoning reform. 
Sec. 105. Decreasing the equity penalty and incentivizing more long-term own-
ers to sell homes. 
TITLE II—INCREASING ACCESS TO HOUSING AND ADDRESSING 
COST 
Sec. 201. Expanding workforce and volunteer housing. 
Sec. 202. Supporting affordability and safety for public servants. 
Sec. 203. Expanding programs supporting homeownership for those serving the 
community. 
Sec. 204. Improving volunteer first responder housing. 
Sec. 205. Improving access to housing for veterans. 
Sec. 206. Supporting veteran families in need. 
Sec. 207. Attracting private investment to build and rehabilitate owner-occu-
pied homes. 
Sec. 208. Better utilizing and disposing of unused military and government 
lands for housing. 
Sec. 209. Energy conservation standards for manufactured housing. 
Sec. 210. Rental assistance demonstration program. 
Sec. 211. Creating incentives for small dollar loan originators. 
Sec. 212. Small dollar mortgage points and fees. 
Sec. 213. Removing Outdated Regulation for Manufactured Housing. 
TITLE III—SERVING THE MOST VULNERABLE; HEALTH AND 
SAFETY 
Sec. 301. GAO study to determine proximity of housing to Superfund sites. 
Sec. 302. Ensuring public housing agencies inspect each dwelling unit each 
year. 
Sec. 303. Incentivizing local solutions to homelessness. 
Sec. 304. Improving mold and health standards. 
Sec. 305. Improving Protection from Lead Hazards. 
Sec. 306. Improving housing for the elderly and disabled. 
TITLE IV—GOOD GOVERNANCE 
Sec. 401. Requiring annual testimony and oversight from housing regulators. 
Sec. 402. Requiring annual testimony and oversight for government guaranteed 
or insured mortgage programs. 
Sec. 403. Testimony and report from United States Interagency Council on 
Homelessness. 
Sec. 404. Report detailing NYCHA compliance with and HUD oversight of 
2019 agreement. 
Sec. 405. FHA reporting requirements on safety and soundness. 
Sec. 406. Combatting squatting. 
Sec. 407. Reallocation of voucher funding. 
TITLE V—REGULATORY FLEXIBILITY 
Sec. 501. Authorization of Moving to Work Program. 
Sec. 502. Rescission of Public and Indian Housing Notice 2021–18. 
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TITLE VI—IMPROVING FINANCIAL LITERACY REGARDING 
HOUSING 
Sec. 601. Reforms to housing counseling and financial literacy programs. 
TITLE 
I—PROMOTING 
OPPOR-
TUNITY 
AND 
INCREASING 
SUPPLY 
SEC. 101. IDENTIFICATION OF REGULATORY BARRIERS TO 
AFFORDABLE HOUSING IN HUD ANNUAL RE-
PORT. 
Section 8 of the Department of Housing and Urban 
Development Act (42 U.S.C. 3536) is amended by adding 
at the end the following: ‘‘Each such annual report shall 
include an identification of significant regulatory barriers 
to affordable housing, within the meaning of such term 
as provided in the first sentence of section 1203 of the 
Housing and Community Development Act of 1992 (42 
U.S.C. 12705b), and a discussion and analysis of how to 
reduce or remove such barriers.’’. 
SEC. 102. QUALIFYING ORDINARY INCOME ADDED TO SPE-
CIAL RULES FOR INVESTMENTS IN OPPOR-
TUNITY ZONES. 
(a) IN GENERAL.—Section 1400Z–2 of the Internal 
Revenue Code of 1986 is amended— 
(1) in the section heading, by striking ‘‘CAP-
ITAL GAINS INVESTED’’ and inserting ‘‘INVEST-
MENTS’’, 
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(2) in subsection (a)— 
(A) in paragraph (1)— 
(i) in the heading, by inserting 
‘‘QUALIFYING
ORDINARY
INCOME
AND’’ 
after ‘‘OF’’, 
(ii) by inserting ‘‘qualifying ordinary 
income and’’ after ‘‘case of’’, 
(iii) by amending subparagraph (A) to 
read as follows: 
‘‘(A) gross income for the taxable year 
shall not include— 
‘‘(i) so much of such gain as does not 
exceed the aggregate amount invested by 
the taxpayer in a qualified opportunity 
fund during the 180-day period beginning 
on the date of such sale or exchange, and 
‘‘(ii) so much of such qualifying ordi-
nary income as does not exceed the aggre-
gate amount invested by the taxpayer in a 
qualified opportunity fund during such tax-
able year,’’, and 
(iv) in subparagraph (B), by inserting 
‘‘qualifying ordinary income and’’ after 
‘‘amount of’’, 
(B) in paragraph (2)— 
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(i) in subparagraph (A), by striking 
‘‘or’’ at the end, 
(ii) in subparagraph (B), by striking 
the period at the end and inserting ‘‘, or’’, 
and 
(iii) by adding at the end the fol-
lowing: 
‘‘(C) with respect to qualified ordinary in-
come received in a taxable year beginning after 
December 31, 2026.’’, and 
(C) by adding at the end the following: 
‘‘(3) QUALIFYING
ORDINARY
INCOME
DE-
FINED.—In this subsection, the term ‘qualifying or-
dinary income’ means ordinary income other than 
income attributable to capital gains.’’, 
(3) in subsection (b)— 
(A) in the subsection heading, by inserting 
‘‘QUALIFYING ORDINARY INCOME
AND’’ after 
‘‘DEFERRAL OF’’, 
(B) in paragraph (1), by striking ‘‘Gain’’ 
and inserting ‘‘Qualifying ordinary income and 
gain’’, and 
(C) in paragraph (2)— 
(i) in subparagraph (A)— 
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(I) by inserting ‘‘qualifying ordi-
nary income and’’ after ‘‘amount of’’, 
and 
(II) in clause (i), by striking ‘‘of 
gain’’, and 
(ii) in subparagraph (B)— 
(I) in the clause (ii) heading, by 
striking 
‘‘GAIN’’ 
and 
inserting 
‘‘AMOUNT’’, and 
(II) by striking ‘‘the amount of 
gain’’ each place it appears and in-
serting ‘‘the amount’’, and 
(4) in subsection (e)(1), by inserting ‘‘quali-
fying ordinary income and’’ after ‘‘investments of’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to amounts invested after the date 
of the enactment of this Act. 
SEC. 103. RELIEVING STRAIN FROM SHORTAGES OF TRANS-
FORMERS. 
Section 321(35) of the Energy Policy and Conserva-
tion Act (42 U.S.C. 6291(35)) is amended by adding at 
the end the following: 
‘‘(C) EFFICIENCY LEVEL.—The Secretary 
shall not finalize any rule under which the effi-
ciency level of a liquid-immersed type, low volt-
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