111 
(E) in paragraph (7)(B)(iv), by striking 
‘‘section 132’’ and inserting ‘‘section 1132’’; 
and 
(F) by adding at the end the following: 
‘‘(11) RULE
OF
CONSTRUCTION.—Nothing in 
this subsection shall be construed to limit the ability 
of a federally recognized tribe or a tribally des-
ignated housing entity from receiving grant amounts 
provided by a State under this section.’’; and 
(4) in subsection (f), by adding at the end the 
following: 
‘‘(7) TRIBAL TERMS.— 
‘‘(A) IN GENERAL.—The terms ‘federally 
recognized tribe’, ‘Indian area’, ‘Indian tribe’, 
and ‘tribally designated housing entity’ have the 
same meaning as in section 4 of the Native 
American Housing Assistance and Self-Deter-
mination Act of 1996 (25 U.S.C. 4103). 
‘‘(B) INDIAN
RESERVATION.—The term 
‘Indian reservation’ means land subject to the 
jurisdiction of an Indian tribe.’’. 
SEC. 503. CAPITAL MAGNET FUND. 
Section 1339 of the Federal Housing Enterprises Fi-
nancial Safety and Soundness Act of 1992 (12 U.S.C. 
4569) is amended— 
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112 
(1) in subsection (b)(1), by inserting ‘‘or sec-
tion 501 of the Partnership to Strengthen Home-
ownership Act of 2015’’ after ‘‘section 1337’’; 
(2) in subsection (c)(2), by inserting ‘‘and trib-
al’’ after ‘‘rural’’; and 
(3) in subsection (h)(2)(A), by inserting ‘‘and 
tribal’’ after ‘‘rural’’. 
SEC. 504. MARKET ACCESS FUND. 
(a) ESTABLISHMENT.—Ginnie Mae shall establish a 
fund, to be known as the ‘‘Market Access Fund’’. 
(b) DEPOSITS.—The Market Access Fund shall be 
credited with— 
(1) the share of the fee charged and collected 
by the Platform under section 501(a)(1)(B)(iii); and 
(2) such other amounts as may be appropriated 
or transferred to the Market Access Fund. 
(c) PURPOSE.—Amounts in the Market Access Fund 
shall be eligible for use by grantees to address the home-
ownership and rental housing needs of extremely low-, 
very low-, low-, and moderate-income and underserved or 
hard-to-serve populations by— 
(1) providing grants and loans for research, de-
velopment, and pilot testing of innovations in con-
sumer education, product design, underwriting, and 
servicing; 
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113 
(2) offering additional credit support for certain 
eligible mortgage loans or pools of eligible mortgage 
loans, such as by covering a portion of any capital 
required to obtain insurance from the Ginnie Mae 
under this Act, provided that amounts for such addi-
tional credit support do not replace borrower funds 
required of an eligible mortgage loan; 
(3) providing grants and loans, including 
through the use of pilot programs of sufficient scale, 
to support the research and development of sustain-
able homeownership and affordable rental programs, 
which programs shall include manufactured homes 
purchased through real estate and personal property 
loans and manufactured homes used as rental hous-
ing, provided that such grant or loan amounts are 
used only for the benefit of families whose income 
does not exceed 120 percent of the median income 
for the area as determined by Ginnie Mae, with ad-
justments for family size; 
(4) providing limited credit enhancement, and 
other forms of credit support, for product and serv-
ices that— 
(A) will increase the rate of sustainable 
homeownership and affordable rental housing, 
including 
manufactured 
homes 
purchased 
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114 
through real estate and personal property loans 
and manufactured homes used as rental hous-
ing, by individuals or families whose income 
does not exceed 120 percent of the area median 
income as determined by Ginnie Mae, with ad-
justments for family size; and 
(B) might not otherwise be offered or sup-
ported by a pilot program of sufficient scale to 
determine the viability of such products and 
services in the private market; 
(5) providing housing counseling by a HUD-ap-
proved housing counseling agency; and 
(6) providing incentives to achieve broader ac-
cess to credit. 
(d) ANNUAL REPORT.—The Director of Ginnie Mae 
shall, on an annual basis, report to Congress on the per-
formance and outcome of grants, loans, or credit support 
programs funded by the Market Access Fund in accord-
ance with subsection (c), including an evaluation of how 
each grant, loan, or credit support program— 
(1) succeeded in meeting or failed to meet the 
needs of certain populations, especially extremely 
low-, very low-, low-, and moderate-income and un-
derserved or hard-to-serve populations; and 
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115 
(2) succeeded in maximizing or failed to maxi-
mize the leverage of public investment made for each 
such grant, loan, or credit support program. 
TITLE VI—GENERAL 
PROVISIONS 
SEC. 601. RULE OF CONSTRUCTION REGARDING SENIOR 
PREFERRED 
STOCK 
PURCHASE 
AGREE-
MENTS. 
Nothing in this Act shall be construed to alter, super-
sede, or interfere with the final ruling of a court of com-
petent jurisdiction with respect to any provision of the 
Senior Preferred Stock Purchase Agreement or amend-
ments thereof of an enterprise. 
SEC. 602. TREATMENT OF COMMUNITY DEVELOPMENT FI-
NANCIAL INSTITUTION. 
(a) AMENDMENT.—Section 10(a) of the Federal 
Home Loan Bank Act (12 U.S.C. 1430(a)) is amended— 
(1) in paragraph (2)(B), by inserting ‘‘or com-
munity development financial institution (as defined 
in section 103 of the Riegle Community Develop-
ment and Regulatory Improvement Act of 1994 (12 
U.S.C. 4702))’’ after ‘‘community financial institu-
tion’’; and 
(2) in paragraph (3)(E), by inserting ‘‘or com-
munity development financial institution (as defined 
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