I 
116TH CONGRESS 
1ST SESSION H. R. 4984 
To increase the supply of, and lower rents for, affordable housing and to 
adjust calculations of area median income for purposes of Federal low- 
income housing assistance, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 5, 2019 
Ms. CLARKE of New York (for herself, Ms. MENG, Mr. DANNY K. DAVIS of 
Illinois, Mr. SERRANO, Ms. NORTON, Mr. NADLER, and Mr. ESPAILLAT) 
introduced the following bill; which was referred to the Committee on Fi-
nancial Services, and in addition to the Committee on Ways and Means, 
for a period to be subsequently determined by the Speaker, in each case 
for consideration of such provisions as fall within the jurisdiction of the 
committee concerned 
A BILL 
To increase the supply of, and lower rents for, affordable 
housing and to adjust calculations of area median income 
for purposes of Federal low-income housing assistance, 
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 ‘‘Affordable Housing 
and Area Median Income Fairness Act of 2019’’. 
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SEC. 2. AREA MEDIAN INCOME FAIRNESS. 
Subparagraph (D) of section 3(b)(2) of the United 
States Housing Act of 1937 (42 U.S.C. 1437a(b)(2)(D)) 
is amended— 
(1) in the second sentence, by inserting ‘‘(in 
this subparagraph referred to as the ‘covered juris-
dictions’)’’ before the fifth comma; 
(2) in the third sentence— 
(A) by striking ‘‘Westchester or Rockland 
Counties’’ and inserting ‘‘the covered jurisdic-
tions’’; and 
(B) by striking ‘‘included Westchester and 
Rockland Counties’’ and inserting ‘‘does not in-
clude the covered jurisdictions’’; and 
(3) in the fourth sentence, by striking ‘‘include 
Westchester and Rockland Counties, New York, in’’ 
and inserting ‘‘exclude the covered jurisdictions 
from’’. 
SEC. 3. HIGH HOUSING COST ADJUSTMENT FAIRNESS. 
Subparagraph (D) of section 3(b)(2) of the United 
States Housing Act of 1937 (42 U.S.C. 1437a(b)(2)(D)), 
as amended by the preceding provisions of this Act, is fur-
ther amended by adding at the end the following: ‘‘For 
purposes of the low-income housing tax credit program 
under section 42 of the Internal Revenue Code of 1986 
and the exempt facilities bond program under section 142 
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of such Code, the Secretary may not apply, for any city, 
county, and other such jurisdiction, for the purposes of 
calculating the area median income or any related metric, 
in the instances where it is used to derive the income limits 
or rent amounts for such programs for a given area, a 
high housing cost adjustment, unless such jurisdiction pe-
titions the Secretary to apply such adjustment to such 
city, county, or other such jurisdiction. The Secretary 
shall review and grant such petitions made by any legal 
and proper authority within the relevant jurisdiction, in-
cluding petitions enacted by popular referendum. The pre-
ceding two sentences may not be construed to affect hous-
ing vouchers under section 8 or to carry out any other 
purpose than those specifically stated in such sentences.’’. 
SEC. 4. LOW-INCOME HOUSING TAX CREDIT DISCLOSURES. 
(a) IN GENERAL.—Section 42 of the Internal Rev-
enue Code of 1986 is amended by adding at the end the 
following new subsection: 
‘‘(o) ANNUAL REPORTING.—No credit shall be al-
lowed under subsection (a) with respect to a qualified low- 
income building for a taxable year unless the following in-
formation is submitted (in such manner and at such time 
as the Secretary requires) to the relevant housing credit 
agency: 
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‘‘(1) All expenditures after the date of the allo-
cation under subsection (h) that substantially affect 
the basis of such building. 
‘‘(2) The projected rents of the affordable units 
in such building during the 5-year period following 
such submission. 
‘‘(3) The annual profits attributable to such 
building. 
‘‘(4) The annual expenditures attributable to 
tax credit syndication. 
‘‘(5) Any other information required by the Sec-
retary that is reasonably necessary to determine pro-
gram compliance.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 5. URGENT SUPPORT FOR AFFORDABLE HOUSING IN-
FRASTRUCTURE. 
(a) HOME INVESTMENT PARTNERSHIPS PROGRAM.— 
(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated to carry out 
title II of the Cranston-Gonzalez National Afford-
able Housing Act (42 U.S.C. 1721 et seq.) 
$2,500,000,000 for each of fiscal years 2020 
through 2029. 
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(2) LIMITATION.—Any amounts appropriated 
pursuant to paragraph (1) shall be used only for as-
sistance for any area within a participating jurisdic-
tion for which the Secretary has applied, or would 
have applied prior to the enactment of this Act, a 
high housing cost adjustment. 
(b) COMMUNITY DEVELOPMENT BLOCK GRANTS.— 
(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated for commu-
nity development block grant assistance under sec-
tion 106 of the Housing and Community Develop-
ment Act of 1974 (42 U.S.C. 5306) $2,500,000,000 
for each of fiscal years 2020 through 2029. 
(2) LIMITATION.—Any amounts appropriated 
pursuant to paragraph (1) shall be used only for as-
sistance for any area within a metropolitan city or 
urban county for which the Secretary has applied, or 
would have applied prior to the enactment of this 
Act, a high housing cost adjustment. 
(c) HOUSING TRUST FUND.— 
(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated to the Hous-
ing Trust Fund established under section 1338(a) of 
the Federal Housing Enterprises Financial Safety 
and Soundness Act of 1992 (12 U.S.C. 4568(a)) 
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