shall include the certifications and binding agreements re-
quired pursuant to subsection (c). 
(c) ELIGIBILITY.—The Secretary may provide a pay-
ment under this section only with respect to covered rental 
dwelling units that meet all of the following requirements: 
(1) FAIR RENTAL REQUIREMENTS.—The lessor 
of the covered rental dwelling unit has made such 
certifications to, and entered into such binding 
agreements with, the Secretary as the Secretary con-
siders necessary to ensure that during the 5-year pe-
riod beginning upon initial receipt by such lessor of 
payment under this section for such dwelling unit, 
such dwelling unit shall be subject to the following 
requirements: 
(A) RENT FREEZE.—The monthly rent for 
the dwelling unit may not be increased from the 
amount of such rent charged as of the date of 
the enactment of this Act. 
(B) JUST-CAUSE EVICTIONS.—A tenant of 
the dwelling unit may be evicted only for just 
cause and only pursuant to advance written no-
tice to the tenant of such just cause. 
(C) SOURCE
OF
INCOME
DISCRIMINA-
TION.—The lessor may not refuse to rent the 
dwelling unit, or discriminate in the renting of 
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the dwelling unit, to a household based on the 
source of income of such household, including 
income under the program under section 8(o) of 
the United States Housing Act of 1937 (42 
U.S.C. 1437f(o)) or any similar tenant-based 
rental assistance program. 
(D) NEW VACANCIES.—The lessor shall co-
ordinate with the public and other housing au-
thorities for the jurisdiction within which the 
dwelling unit is located to make the dwelling 
unit available, upon any vacancy, to households 
assisted as described in subparagraph (C). 
(E) ADMISSIONS RESTRICTIONS.—The les-
sor may not restrict tenancy of the dwelling 
unit on the basis of sexual identity or orienta-
tion, gender identity or expression, conviction or 
arrest record, credit history, or immigration 
status. 
(F) ARREARAGES.—The lessor may not 
collect an arrearage in rent owed by the tenant 
as of the expiration of such 5-year period. 
(G) RETALIATION.—The lessor may not 
retaliate in any way against a tenant of the 
dwelling unit. 
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(H) DEBT COLLECTORS AND CREDIT RE-
PORTING AGENCIES.—The lessor may not re-
port the tenant of the dwelling unit to a debt 
collector or provide any adverse information re-
garding the tenant to any credit reporting agen-
cy. 
(2) REQUIRED DISCLOSURES.— 
(A) IN
GENERAL.—The lessor shall dis-
close, for any person that has an ownership in-
terest in the lessor, including any members, 
shareholders, general partners, or limited part-
ners, if applicable, the following information: 
(i) Name. 
(ii) Address of place of residence. 
(iii) Date of birth. 
(iv) Social Security Number or Em-
ployer Identification Number. 
(v) Size of their interest in the lessor. 
(vi) Type of entity. 
(vii) State of incorporation. 
(viii) Registered agent. 
(ix) Address of any covered rental 
dwelling units owned by such person. 
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(x) Occupancy or vacancy status of all 
covered rental dwelling units owned by 
such person. 
(xi) Current rents charged for all cov-
ered rental dwelling units owned by such 
person. 
(xii) Total assets and liabilities. 
(B) NON-NATURAL
PERSONS.—For any 
person identified in the disclosure required by 
this paragraph that is not a natural person, the 
lessor shall provide the information required by 
subparagraph (A) for that entity and for any 
persons with ownership interests in that entity 
and shall provide that information iteratively 
for each layer of ownership until all ownership 
interests are traced back to natural persons or 
publicly traded corporations. 
(C) EXEMPTION.—Nothing in this para-
graph shall require the disclosure of the identity 
of, or personally-identifying information regard-
ing, shareholders of publicly traded corpora-
tions. 
(3) PROHIBITION ON DUPLICATION OF ASSIST-
ANCE.—Assistance may not be provided under this 
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section with respect to any dwelling unit for which 
assistance is provided pursuant to section 6. 
(d) AMOUNT.— 
(1) IN GENERAL.—Subject to paragraph (2), 
the amount of a payment under this section with re-
spect to a covered rental dwelling unit may not ex-
ceed the aggregate amount of rent for the dwelling 
unit suspended or forgiven pursuant to section 2(a) 
or 3(a) and attributable only to days during the 
COVID-19 suspension period that the dwelling unit 
was occupied by a tenant otherwise required to pay 
rent for such occupancy. 
(2) REIMBURSEMENT FOR RENT PAID BY TEN-
ANTS.—In making payments under this section with 
respect to any covered dwelling unit for which tenant 
made a payment of rent during the COVID-19 sus-
pension period, the Secretary shall— 
(A) reduce the amount of the payment to 
the lessor under paragraph (1) by the amount 
of any such rent paid; and 
(B) make a payment to such tenant in the 
amount of any such rent paid. 
(e) PRIORITY.—In making payments under this sec-
tion, the Secretary shall establish a tiered system for pri-
ority for such payments based on assets, revenues, disclo-
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pamtmann on DSKBC07HB2PROD with BILLS
sure requirements, and profit status with respect to les-
sors. Such system shall provide priority for making pay-
ments to eligible lessors that are nonprofit organizations 
or entities and lessors having the fewest available amount 
of assets. 
(f) RECAPTURE.—If a lessor violates any requirement 
with respect to a covered rental dwelling unit under any 
certification or agreement entered into pursuant to sub-
section (c)(2), the Secretary shall recapture from the les-
sor an amount equal to the entire amount of assistance 
provided under this section that is attributable to such 
dwelling unit and cover such amount recaptured into the 
Fund. 
(g) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated for the Landlord Relief 
Fund established pursuant to this section such sums as 
may be necessary to reimburse all lessors for all rent pay-
ments suspended pursuant to section 2(a) or forgiven pur-
suant to section 3(a). 
SEC. 6. LENDER RELIEF FUND. 
(a) ESTABLISHMENT.—The Secretary of Housing 
and Urban Development shall establish and manage a 
Lender Relief Fund (in this section referred to as the 
‘‘Fund’’), to provide mortgagees payments under this sec-
tion to reimburse such mortgagees for mortgage payments 
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such detailed information regarding residential 
mortgage loans made by such mortgagee as the 
Secretary shall require, including the race, eth-
nicity, age, and credit score of mortgagors, the 
zip codes of properties for which mortgages 
were made, and the interest rates and other 
loan pricing features of such mortgage loans. 
(B) REPORTING ON LENDER.—The mort-
gagee shall report annually to the Secretary 
such detailed information regarding the mort-
gagee as the Secretary shall require, including 
the location of the offices of the mortgagee, and 
practices and systems for outreach to and refer-
ral of borrowers. 
(2) REQUIRED DISCLOSURES.— 
(A) IN GENERAL.—The mortgagee for the 
mortgage loan shall disclose, for any person 
that has an ownership interest in the mort-
gagee, including any members, shareholders, 
general partners, or limited partners, if applica-
ble, the following information: 
(i) Name. 
(ii) Address of place of residence. 
(iii) Date of birth. 
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(iv) Social Security Number or Em-
ployer Identification Number. 
(v) Size of their interest in the mort-
gagee. 
(vi) Type of entity. 
(vii) State of incorporation. 
(viii) Registered agent. 
(ix) Address of any covered rental 
dwelling units owned by such person. 
(x) Occupancy or vacancy status of all 
covered rental dwelling units owned by 
such person. 
(xi) Current rents charged for all cov-
ered rental dwelling units owned by such 
person. 
(xii) Total assets and liabilities. 
(B) NON-NATURAL
PERSONS.—For any 
person identified in the disclosure required by 
this paragraph that is not a natural person, the 
mortgagee shall provide the information re-
quired by subparagraph (A) for that entity and 
for any persons with ownership interests in that 
entity and shall provide that information 
iteratively for each layer of ownership until all 
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ownership interests are traced back to natural 
persons or publicly traded corporations. 
(C) EXEMPTION.—Nothing in this para-
graph shall require the disclosure of the identity 
of, or personally-identifying information regard-
ing, shareholders of publicly traded corpora-
tions. 
(3) PROHIBITION ON DUPLICATION OF ASSIST-
ANCE.—Assistance may not be provided under this 
section with respect to any dwelling unit subject to 
a covered residential mortgage loan for which assist-
ance is provided pursuant to section 5. 
(d) AMOUNT.— 
(1) IN GENERAL.—Subject to paragraph (2), 
the amount of a payment under this section with re-
spect to a covered residential mortgage may not ex-
ceed the aggregate amount of mortgage payments 
under the mortgage suspended pursuant to section 
2(b) or forgiven pursuant to section 3(b). 
(2) REIMBURSEMENT
FOR
MORTGAGE
PAY-
MENTS
MADE
BY
MORTGAGORS.—In making pay-
ments under this section with respect to any covered 
residential mortgage loan for which the mortgagor 
made a mortgage payment during the COVID-19 
suspension period, the Secretary shall— 
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(A) reduce the amount of the payment to 
the mortgagee under paragraph (1) by the 
amount of any such mortgage payments paid; 
and 
(B) make a payment to the mortgagor in 
the amount of any such mortgages payments 
paid. 
(e) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated for the Lender Relief Fund 
established pursuant to this section such sums as may be 
necessary to reimburse all lessors for all rent payments 
suspended pursuant to section 2(b) or forgiven pursuant 
to section 3(b). 
SEC. 7. AFFORDABLE HOUSING ACQUISITION FUND. 
(a) ESTABLISHMENT.—The Secretary of Housing 
and Urban Development shall establish and manage an 
Affordable Housing Acquisition Fund (in this section re-
ferred to as the ‘‘Fund’’), to fund the acquisition of multi-
family housing projects by eligible purchasers to— 
(1) ensure that tenants have access to safe and 
habitable housing conditions regardless of their land-
lords’ ability to pay for repairs and maintenance 
during and after the COVID-19 pandemic; 
(2) prevent financial hardship for rental prop-
erty owners; and 
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(3) prevent a mass exit in the rental housing 
market that results in massive corporate purchases 
similar to the 2008 economic crisis. 
(b) FIRST RIGHT OF PURCHASE.— 
(1) NOTICE
TO
SECRETARY.—During the 5- 
year period beginning upon the date of the enact-
ment of this Act, the owner of a multifamily housing 
property may not sell or transfer ownership of such 
property unless— 
(A) the owner has notified the Secretary, 
in accordance with such requirements as the 
Secretary shall establish, of the owner’s intent 
to sell or transfer the property; 
(B) a period of 60 days, beginning upon 
provision of such notice to the Secretary, has 
elapsed; and 
(C) if during such 60-day period any eligi-
ble purchaser under paragraph (3) applies to 
the Secretary for purchase assistance under 
subsection (c) with respect to such property, the 
Secretary has approved or denied such applica-
tion and, if approved, the eligible purchaser has 
made a bona fide offer to the owner to purchase 
such project in the amount determined under 
subsection (c)(3)(A). 
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