234 
ant to that same formula in fiscal year 2021, and 
shall make such allocations within 30 days of enact-
ment of this Act. 
(2) 
TECHNICAL
ASSISTANCE.—Up 
to 
$25,000,000 of the amounts made available under 
this section shall be used, without competition, to 
make new awards or increase prior awards to exist-
ing technical assistance providers to provide an im-
mediate increase in capacity building and technical 
assistance available to any grantees implementing 
activities or projects consistent with this section. 
(3) OTHER COSTS.—Up to $50,000,000 of the 
amounts made available under this section shall be 
used for the administrative costs to oversee and ad-
minister implementation of this section and the 
HOME program generally, including information 
technology, financial reporting, and other costs. 
(4) WAIVERS
OR
ALTERNATIVE
REQUIRE-
MENTS.—The Secretary may waive or specify alter-
native requirements for any provision of the Cran-
ston-Gonzalez National Affordable Housing Act (42 
U.S.C. 12701 et seq.) and titles I and IV of the 
McKinney-Vento Homelessness Act (42 U.S.C. 
11301 et seq., 11360 et seq.) or regulation for the 
administration of the amounts made available under
235 
this section other than requirements related to fair 
housing, nondiscrimination, labor standards, and the 
environment, upon a finding that the waiver or alter-
native requirement is necessary to expedite or facili-
tate the use of amounts made available under this 
section. 
SEC. 4107. HOMEOWNER ASSISTANCE FUND. 
(a) APPROPRIATION.—In addition to amounts other-
wise available, there is appropriated to the Secretary of 
the Treasury for the Homeowner Assistance Fund estab-
lished under subsection (c) for fiscal year 2021, out of 
any money in the Treasury not otherwise appropriated, 
$9,961,000,000, to remain available until September 30, 
2025, for qualified expenses that meet the purposes speci-
fied under subsection (c) and expenses described in sub-
section (d)(1). 
(b) DEFINITIONS.—In this section: 
(1) CONFORMING LOAN LIMIT.—The term ‘‘con-
forming loan limit’’ means the applicable limitation 
governing the maximum original principal obligation 
of a mortgage secured by a single-family residence, 
a mortgage secured by a 2-family residence, a mort-
gage secured by a 3-family residence, or a mortgage 
secured by a 4-family residence, as determined and 
adjusted annually under section 302(b)(2) of the
236 
Federal National Mortgage Association Charter Act 
(12 U.S.C. 1717(b)(2)) and section 305(a)(2) of the 
Federal Home Loan Mortgage Corporation Act (12 
U.S.C. 1454(a)(2)). 
(2) DWELLING.—The term ‘‘dwelling’’ means 
any building, structure, or portion thereof which is 
occupied as, or designed or intended for occupancy 
as, a residence by one or more individuals. 
(3) ELIGIBLE ENTITY.—The term ‘‘eligible enti-
ty’’ means— 
(A) a State; or 
(B) any entity eligible for payment under 
subsection (f). 
(4) MORTGAGE.—The term ‘‘mortgage’’ means 
any credit transaction— 
(A) that is secured by a mortgage, deed of 
trust, or other consensual security interest on a 
principal residence of a borrower that is (i) a 1- 
to 4-unit dwelling, or (ii) residential real prop-
erty that includes a 1- to 4-unit dwelling; and 
(B) the unpaid principal balance of which 
was, at the time of origination, not more than 
the conforming loan limit.
237 
(5) FUND.—The term ‘‘Fund’’ means the 
Homeowner Assistance Fund established under sub-
section (c). 
(6) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury. 
(7) SOCIALLY AND ECONOMICALLY DISADVAN-
TAGED INDIVIDUAL.—The term ‘‘socially and eco-
nomically disadvantaged individual’’ means an indi-
vidual who is a socially disadvantaged individual or 
an economically disadvantaged individual, as such 
terms are defined, respectively, under section 8 of 
the Small Business Act (15 U.S.C. 637) and the 
regulations thereunder. 
(8) STATE.—The term ‘‘State’’ means any 
State of the United States, the District of Columbia, 
the Commonwealth of Puerto Rico, Guam, American 
Samoa, the United States Virgin Islands, and the 
Commonwealth of the Northern Mariana Islands. 
(c) ESTABLISHMENT OF FUND.— 
(1) ESTABLISHMENT; QUALIFIED EXPENSES.— 
There is established in the Department of the Treas-
ury a Homeowner Assistance Fund to mitigate fi-
nancial hardships associated with the coronavirus 
pandemic by providing such funds as are appro-
priated by subsection (a) to eligible entities for the
238 
purpose of preventing homeowner mortgage delin-
quencies, defaults, foreclosures, loss of utilities or 
home energy services, and displacements of home-
owners experiencing financial hardship after Janu-
ary 21, 2020, through qualified expenses related to 
mortgages and housing, which include— 
(A) mortgage payment assistance; 
(B) financial assistance to allow a home-
owner to reinstate a mortgage or to pay other 
housing related costs related to a period of for-
bearance, delinquency, or default; 
(C) principal reduction; 
(D) facilitating interest rate reductions; 
(E) payment assistance for— 
(i) utilities, including electric, gas, 
home energy, and water; 
(ii) 
internet 
service, 
including 
broadband internet access service, as de-
fined in section 8.1(b) of title 47, Code of 
Federal Regulations (or any successor reg-
ulation); 
(iii) homeowner’s insurance, flood in-
surance, and mortgage insurance; and
239 
(iv) homeowner’s association, condo-
minium 
association 
fees, 
or 
common 
charges; 
(F) reimbursement of funds expended by a 
State, local government, or designated entity 
under subsection (e) during the period begin-
ning on January 21, 2020, and ending on the 
date that the first funds are disbursed by the 
eligible entity under the Homeowner Assistance 
Fund, for the purpose of providing housing or 
utility payment assistance to individuals or oth-
erwise providing funds to prevent foreclosure or 
eviction of a homeowner or tenant or prevent 
mortgage delinquency or loss of housing or util-
ities as a response to the coronavirus disease 
(COVID) pandemic; and 
(G) any other assistance to promote hous-
ing stability for homeowners, including pre-
venting eviction, mortgage delinquency or de-
fault, foreclosure, or the loss of utility or home 
energy services, as determined by the Secretary. 
(2) TARGETING.—Not less than 60 percent of 
amounts made to each eligible entity allocated 
amounts under subsection (d) or (f) shall be used 
for qualified expenses that assist homeowners having
240 
incomes equal to or less than 100 percent of the 
area median income for their household size or equal 
to or less than 100 percent of the median income for 
the United States, as determined by the Secretary of 
Housing and Urban Development, whichever is 
greater. The eligible entity shall prioritize remaining 
funds to socially and economically disadvantaged in-
dividuals. 
(d) ALLOCATION OF FUNDS.— 
(1) ADMINISTRATION.—Of any amounts made 
available under this section, the Secretary shall re-
serve— 
(A) to the Department of the Treasury, an 
amount not to exceed $40,000,000 to admin-
ister and oversee the Fund, and to provide tech-
nical assistance to eligible entities for the cre-
ation and implementation of State and tribal 
programs to administer assistance from the 
Fund; and 
(B) to the Inspector General of the De-
partment of the Treasury, an amount to not ex-
ceed $2,600,000 for oversight of the program 
under this section. 
(2) FOR
STATES.—After the application of 
paragraphs (1), (4), and (5) of this subsection and
241 
subject to paragraph (3) of this subsection, the Sec-
retary shall allocate the remaining funds available 
within the Homeowner Assistance Fund to each 
State of the United States, the District of Columbia, 
and the Commonwealth of Puerto Rico based on 
homeowner need, for such State relative to all States 
of the United States, the District of Columbia, and 
the Commonwealth of Puerto Rico, as of the date of 
the enactment of this Act, which is determined by— 
(A) the average number of unemployed in-
dividuals measured over a period of time not 
fewer than 3 months and not more than 12 
months; 
(B) the total number of mortgagors with— 
(i) mortgage payments that are more 
than 30 days past due; or 
(ii) mortgages in foreclosure. 
(3) SMALL STATE MINIMUM.— 
(A) IN
GENERAL.—Each State of the 
United States, the District of Columbia, and 
the Commonwealth of Puerto Rico shall receive 
no less than $40,000,000 for the purposes es-
tablished in (c). 
(B) PRO RATA ADJUSTMENTS.—The Sec-
retary shall adjust on a pro rata basis the
242 
amount of the payments for each State of the 
United States, the District of Columbia, and 
the Commonwealth of Puerto Rico determined 
under this subsection without regard to this 
subparagraph to the extent necessary to comply 
with the requirements of subparagraph (A). 
(4) TERRITORY
SET-ASIDE.—Notwithstanding 
any other provision of this section, of the amounts 
appropriated under subsection (a), the Secretary 
shall reserve $30,000,000 to be disbursed to Guam, 
American Samoa, the United States Virgin Islands, 
and the Commonwealth of the Northern Mariana Is-
lands based on each such territory’s share of the 
combined total population of all such territories, as 
determined by the Secretary. For the purposes of 
this paragraph, population shall be determined based 
on the most recent year for which data are available 
from the United States Census Bureau. 
(5) TRIBAL
SET-ASIDE.—The Secretary shall 
allocate funds to any eligible entity designated under 
subsection (f) pursuant to the requirements of that 
subsection. 
(e) DISTRIBUTION OF FUNDS TO STATES.— 
(1) IN GENERAL.—The Secretary shall make 
payments, beginning not later than 45 days after en-
243 
actment of this Act, from amounts allocated under 
subsection (d) to eligible entities that have notified 
the Secretary that they request to receive payment 
from the Fund and that the eligible entity will use 
such payments in compliance with this section. 
(2) REALLOCATION.—If a State does not re-
quest allocated funds by the 45th day after the date 
of enactment of this Act, such State shall not be eli-
gible for a payment from the Secretary pursuant to 
this section, and the Secretary shall, by the 180th 
day after the date of enactment of this Act, reallo-
cate any funds that were not requested by such 
State among the States that have requested funds 
by the 45th day after the date of enactment of this 
Act. For any such reallocation of funds, the Sec-
retary shall adhere to the requirements of subsection 
(d), except for paragraph (1), to the greatest extent 
possible, provided that the Secretary shall also take 
into consideration in determining such reallocation a 
State’s remaining need and a State’s record of using 
payments from the Fund to serve homeowners at 
disproportionate risk of mortgage default, fore-
closure, or displacement, including homeowners hav-
ing incomes equal to or less than 100 percent of the 
area median income for their household size or 100
244 
percent of the median income for the United States, 
as determined by the Secretary of Housing and 
Urban Development, whichever is greater, and mi-
nority homeowners. 
(f) TRIBAL SET-ASIDE.— 
(1) SET-ASIDE.—Notwithstanding any other 
provision of this section, of the amounts appro-
priated under subsection (a), the Secretary shall use 
5 percent to make payments to entities that are eli-
gible for payments under clauses (i) and (ii) of sec-
tion 501(b)(2)(A) of subtitle A of title V of division 
N of the Consolidated Appropriations Act, 2021 
(Public Law 116-260) for the purposes described in 
subsection (c). 
(2) ALLOCATION
AND
PAYMENT.—The Sec-
retary shall allocate the funds set aside under para-
graph (1) using the allocation formulas described in 
clauses (i) and (ii) of section 501(b)(2)(A) of sub-
title A of title V of division N of the Consolidated 
Appropriations Act, 2021 (Public Law 116-260), 
and shall make payments of such amounts beginning 
no later than 45 days after enactment of this Act to 
entities eligible for payment under clauses (i) and 
(ii) of section 501(b)(2)(A) of subtitle A of title V 
of division N of the Consolidated Appropriations
245 
Act, 2021 (Public Law 116-260) that notify the Sec-
retary that they request to receive payments allo-
cated from the Fund by the Secretary for purposes 
described under subsection (c) and will use such 
payments in compliance with this section. 
(3) ADJUSTMENT.—Allocations provided under 
this subsection may be further adjusted as provided 
by section 501(b)(2)(B) of subtitle A of title V of di-
vision N of the Consolidated Appropriations Act, 
2021 (Public Law 116-260). 
SEC. 4108. RELIEF MEASURES FOR SECTION 502 AND 504 DI-
RECT LOAN BORROWERS. 
(a) APPROPRIATION.—In addition to amounts other-
wise available, there is appropriated to the Secretary of 
Agriculture for fiscal year 2021, out of any money in the 
Treasury not otherwise appropriated, $39,000,000, to re-
main available until September 30, 2023, for direct loans 
made under sections 502 and 504 of the Housing Act of 
1949 (42 U.S.C. 1472, 1474). 
(b) ADMINISTRATIVE
EXPENSES.—The Secretary 
may use not more than 3 percent of the amounts appro-
priated under this section for administrative purposes. 
SEC. 4109. FAIR HOUSING ACTIVITIES. 
(a) APPROPRIATION.—In addition to amounts other-
wise available, there is appropriated to the Secretary of