108TH CONGRESS
1ST SESSION
H. R. 1276
AN ACT
To provide downpayment assistance under the
HOME Investment Partnerships Act, and for
other purposes.
108TH CONGRESS
1ST SESSION
H. R. 1276
AN ACT
To provide downpayment assistance under the HOME
Investment Partnerships Act, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘American Dream
Downpayment Act’’.
SEC. 2. DOWNPAYMENT ASSISTANCE INITIATIVE UNDER
HOME PROGRAM.
(a) DOWNPAYMENT ASSISTANCE INITIATIVE.—Sub-
title E of title II of the Cranston-Gonzalez National Af-
fordable Housing Act (42 U.S.C. 12821) is amended to
read as follows:
‘‘Subtitle E—Other Assistance
‘‘SEC. 271. DOWNPAYMENT ASSISTANCE INITIATIVE.
‘‘(a) GRANT AUTHORITY.—The Secretary may make
grants to participating jurisdictions to assist low-income
families to achieve homeownership, in accordance with this
section.
‘‘(b) ELIGIBLE ACTIVITIES.—
‘‘(1) IN
GENERAL.—Amounts made available
under this section may be used only for downpay-
ment assistance toward the purchase of single family
housing by eligible families. For purposes of this
title, the term ‘downpayment assistance’ means as-
sistance to help a family acquire a principal resi-
dence.
‘‘(2) ELIGIBLE
FAMILIES.—For purposes of
this section, the term ‘eligible family’ means a family
who—
cordance with a formula, which shall be established by the
Secretary, that considers a participating jurisdiction’s
need for and prior commitment to assistance to home-
buyers. The formula may include minimum allocation
amounts. In considering a participating jurisdiction’s prior
year’s commitment to assistance to homebuyers, the for-
mula shall consider amounts committed to such purpose
under the HOME investment partnerships program, the
community development block grant program, mortgage
revenue bonds, and prior year’s funding from State and
local governments, provided that the data underlying such
funding is uniform, verifiable, and accurate by the State
and local government, and shall consider other factors that
the Secretary determines to be appropriate.
‘‘(e) REALLOCATION.—If any amounts allocated to a
participating jurisdiction under this section become avail-
able for reallocation, the amounts shall be reallocated to
other participating jurisdictions in accordance with the
formula established pursuant to subsection (d), except
that if a local participating jurisdiction failed to receive
amounts allocated under this section and is located in a
State that is a participating jurisdiction, the funds shall
be reallocated to the State.
‘‘(f) APPLICABILITY OF OTHER PROVISIONS.—
‘‘(1) IN GENERAL.—Except as otherwise pro-
vided in this section, grants under this section shall
not be subject to the provisions of this title.
‘‘(2) APPLICABLE PROVISIONS.—In addition to
the requirements of this section, grants under this
section shall be subject to the provisions of title I,
sections 215(b) (except as provided in subsection
(b)(2)(B) of this section), 218, 219, 221, 223, 224,
and 226(a) of subtitle A of this title, and subtitle F
of this title.
‘‘(3) REFERENCES.—In applying the require-
ments of subtitle A referred to in paragraph (2)—
‘‘(A) any references to funds under subtitle
A shall be considered to refer to amounts made
available for assistance under this section; and
‘‘(B) any references to funds allocated or
reallocated under section 217 or 217(d) shall be
considered to refer to amounts allocated or re-
allocated under subsection (d) or (e) of this sec-
tion, respectively.
‘‘(g) ADMINISTRATIVE COSTS.—Notwithstanding sec-
tion 212(c), a participating jurisdiction may use funds
under subtitle A for administrative and planning costs of
the jurisdiction in carrying out this section, and the limita-
tion in section 212(c) shall be based on the total amount
of funds available under subtitle A and this section.
‘‘(h) AUTHORIZATION OF APPROPRIATIONS.—There
is authorized to be appropriated to carry out this section
$200,000,000 for each of fiscal years 2004 and 2005.’’.
(b) RELOCATION ASSISTANCE AND DOWNPAYMENT
ASSISTANCE.—Subtitle F of title II of the Cranston-Gon-
zalez National Affordable Housing Act is amended by in-
serting after section 290 (42 U.S.C. 12840) the following
new section:
‘‘SEC. 291. RELOCATION ASSISTANCE AND DOWNPAYMENT
ASSISTANCE.
‘‘The Uniform Relocation Assistance and Real Prop-
erty Acquisition Policies Act of 1970 shall not apply to
downpayment assistance under this title.’’.
Passed the House of Representatives October 1,
2003.
Attest:
Clerk.