I 
117TH CONGRESS 
1ST SESSION H. R. 4497 
To facilitate the development of affordable housing, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 16, 2021 
Ms. WATERS (for herself, Mrs. CAROLYN B. MALONEY of New York, Ms. 
VELA´ZQUEZ, Mr. GREEN of Texas, Mr. CLEAVER, Mrs. BEATTY, Mr. 
LAWSON of Florida, Ms. PRESSLEY, Mr. TORRES of New York, Ms. 
TLAIB, Ms. OCASIO-CORTEZ, Mr. GARCI´A of Illinois, Ms. GARCIA of 
Texas, Ms. WILLIAMS of Georgia, Mr. AUCHINCLOSS, Ms. SCHAKOWSKY, 
Mr. LIEU, Ms. LEE of California, Ms. BLUNT ROCHESTER, Mr. SIRES, 
Ms. CLARKE of New York, Mr. EVANS, Mr. ESPAILLAT, Ms. MOORE of 
Wisconsin, Mr. BLUMENAUER, Ms. ROSS, Mr. BOWMAN, Ms. NORTON, 
Ms. SA´NCHEZ, and Mr. VICENTE GONZALEZ of Texas) introduced the fol-
lowing bill; which was referred to the Committee on Financial Services, 
and in addition to the Committees on Transportation and Infrastructure, 
Education and Labor, Energy and Commerce, the Judiciary, and the 
Budget, for a period to be subsequently determined by the Speaker, in 
each case for consideration of such provisions as fall within the jurisdic-
tion of the committee concerned 
A BILL 
To facilitate the development of affordable housing, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Housing is Infrastructure Act of 2021’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
TITLE I—SUPPORT FOR PUBLIC HOUSING 
Sec. 101. Public Housing Capital Fund. 
TITLE II—SUPPORT FOR CREATION AND PRESERVATION OF 
AFFORDABLE HOUSING 
Sec. 201. Housing Trust Fund. 
Sec. 202. HOME Investment Partnerships program. 
Sec. 203. Supportive housing for persons with disabilities. 
Sec. 204. Supportive housing for the elderly. 
Sec. 205. Capital Magnet Fund. 
Sec. 206. Multifamily housing greening and preservation. 
Sec. 207. Preservation grants for properties receiving section 8 project-based 
rental assistance. 
Sec. 208. Rental assistance. 
Sec. 209. Rural multifamily housing preservation and revitalization demonstra-
tion program. 
Sec. 210. Rural single-family housing repair grants. 
Sec. 211. Native American housing block grants. 
TITLE III—COMMUNITY DEVELOPMENT AND AFFORDABILITY 
Sec. 301. Community development block grant funding for affordable housing 
and infrastructure. 
Sec. 302. Grants for zoning and land use improvements. 
Sec. 303. Restoring communities left behind. 
Sec. 304. Affordable housing and community development technical assistance 
and capacity-building to expand economic inclusion and prevent 
involuntary residential displacement. 
Sec. 305. Lead hazard reduction and healthy homes initiative. 
Sec. 306. Community revitalization fund. 
Sec. 307. Strengthening resilience under National Flood Insurance Program. 
Sec. 308. Cap on annual National Flood Insurance Program. 
Sec. 309. Manufacturing facility. 
TITLE IV—NATIONAL INVESTMENT AUTHORITY SYSTEM 
Sec. 401. Short title. 
Sec. 402. Definitions. 
Subtitle A—National Investment Authority 
Sec. 411. Establishment. 
Sec. 412. Functions. 
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