HR 2895 RFS 
use of such grant amounts to eligible activities relat-
ing to affordable housing for first responders, public 
safety officers, teachers, and other public employees 
who have family incomes such that such use of the 
grant amounts complies with the requirements under 
section 296(c). 
‘‘(4) PERFORMANCE GOALS, BENCHMARKS, AND 
TIMETABLES.—The allocation plan shall include per-
formance goals, benchmarks, and timetables for the 
grantee for the conducting of eligible activities with 
Trust Fund grant amounts that comply with re-
quirements and standards for such goals, bench-
marks, and timetables as the Secretary shall, by reg-
ulation, establish. 
‘‘(d) REVIEW AND APPROVAL BY SECRETARY.— 
‘‘(1) SUBMISSION.—A grantee described in sub-
section (a) shall submit an allocation plan for the 
fiscal year for which the grant is made to the Sec-
retary not later than the expiration of the 6-month 
period beginning upon the notice of funding avail-
ability under section 294(b)(4) for such fiscal year 
amounts. 
‘‘(2) 
REVIEW
AND
APPROVAL
OR
DIS-
APPROVAL.—The Secretary shall review and approve 
or disapprove an allocation plan not later than the 
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expiration of the 3-month period beginning upon 
submission of the plan. 
‘‘(3) STANDARD FOR DISAPPROVAL.—The Sec-
retary may disapprove an allocation plan only if the 
plan fails to comply with requirements of this sec-
tion or section 296. 
‘‘(4) RESUBMISSION
UPON
DISAPPROVAL.—If 
the Secretary disapproves a plan, the grantee may 
submit to the Secretary a revised plan for review 
and approval or disapproval under this subsection. 
‘‘(5) TIMING FOR FISCAL YEAR 2008.—With re-
spect only to fiscal year 2008, the Secretary may ex-
tend each of the periods referred to in paragraphs 
(1) and (2), and the period referred to in section 
294(i)(1)(A), by not more than 6 months. 
‘‘SEC. 296. USE OF ASSISTANCE BY RECIPIENTS. 
‘‘(a) DISTRIBUTION TO RECIPIENTS; USE REQUIRE-
MENTS.—Each grantee shall distribute Trust Fund grant 
amounts of the grantee to eligible recipients for use in ac-
cordance with this section. Trust Fund grant amounts of 
a grantee may be used, or committed for use, only for eli-
gible activities that— 
‘‘(1) are conducted in the jurisdiction of the 
grantee; 
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‘‘(2) in the case of a grantee that is a State, 
insular area, participating local jurisdiction, or 
grantee under section 294(i), comply with the alloca-
tion plan of the grantee under section 295; 
‘‘(3) are selected for funding by the grantee in 
accordance with the process and criteria for such se-
lection established pursuant to section 295(c)(2); 
and 
‘‘(4) comply with the targeting requirements 
under subsection (c) of this section and the afford-
able housing requirements under section 297. 
‘‘(b) ELIGIBLE RECIPIENTS.—Trust Fund grant 
amounts of a grantee may be provided only to an organiza-
tion, agency, or other entity (including a for-profit entity, 
a nonprofit entity, a faith-based organization, a commu-
nity development financial institution, a community devel-
opment corporation, and a State or local housing trust 
fund) that— 
‘‘(1) demonstrates the experience, ability, and 
capacity (including financial capacity) to undertake, 
comply, and manage the eligible activity; 
‘‘(2) demonstrates its familiarity with the re-
quirements of any other Federal, State or local 
housing program that will be used in conjunction 
with such grant amounts to ensure compliance with 
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all applicable requirements and regulations of such 
programs; and 
‘‘(3) makes such assurances to the grantee as 
the Secretary shall, by regulation, require to ensure 
that the recipient will comply with the requirements 
of this subtitle during the entire period that begins 
upon selection of the recipient to receive such grant 
amounts and ending upon the conclusion of all eligi-
ble activities that are engaged in by the recipient 
and funded with such grant amounts. 
‘‘(c) TARGETING REQUIREMENTS.—The targeting re-
quirements under this subsection are as follows: 
‘‘(1) REQUIREMENT OF USE OF ALL AMOUNTS 
FOR AFFORDABLE HOUSING FOR LOW-INCOME FAMI-
LIES.—All Trust Fund grant amounts of a grantee 
shall be distributed for use only for eligible activities 
relating to affordable housing that are for the ben-
efit only of families whose incomes do not exceed 80 
percent of the greater of— 
‘‘(A) the median family income for the 
area in which the housing is located, as deter-
mined by the Secretary with adjustments for 
smaller and larger families; and 
‘‘(B) the median family income for the 
State or insular area in which the housing is lo-
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cated, as determined by the Secretary with ad-
justments for smaller and larger families. 
‘‘(2) USE OF 75 PERCENT FOR AFFORDABLE 
HOUSING
FOR
EXTREMELY
LOW-INCOME
FAMI-
LIES.—Not less than 75 percent of the Trust Fund 
grant amounts of a grantee for each fiscal year shall 
be used only for eligible activities relating to afford-
able housing that are for the benefit only of families 
whose incomes do not exceed the higher of— 
‘‘(A) 30 percent of the median family in-
come for the area in which the housing is lo-
cated, as determined by the Secretary with ad-
justments for smaller and larger families; and 
‘‘(B) the poverty line (as such term is de-
fined in section 673 of the Omnibus Budget 
Reconciliation Act of 1981 (42 U.S.C. 9902), 
including any revision required by such section) 
applicable to a family of the size involved. 
‘‘(3) USE OF 30 PERCENT FOR AFFORDABLE 
HOUSING FOR VERY POOR FAMILIES.—Not less than 
30 percent of the Trust Fund grant amounts of a 
grantee for each fiscal year shall be used only for el-
igible activities relating to affordable housing that 
are for the benefit only of families whose incomes do 
not exceed the maximum amount of income that an 
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