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Q: 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.--Subtitle E of title II of
the Cranston-Gonzalez National Affordable 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 downpayment assistance toward the
purchase of single family housing by eligible families. For
purposes of this title, the term 'downpayment assistance' means
assistance to help a family acquire a principal residence.
''(2) Eligible families.--For purposes of this section, the
term 'eligible family' means a family who--
''(A) is a low-income family and a first-time
homebuyer; or
''(B) notwithstanding the income limitation under
section 215(b)(2)--
''(i) includes a uniformed employee (which
shall include policemen, firemen, and
sanitation and other maintenance workers) or a
teacher who is an employee, of the
participating jurisdiction (or an agency or
school district serving such jurisdiction) that
is providing the downpayment assistance under
this section for the family; and
''(ii) has an income, at the time referred
to in subparagraph (A), (B), or (C) of section
215(b)(2), as appropriate, and as determined by
the Secretary with adjustments for smaller and
larger families, that does not exceed 115
percent of the median income of the area,
except that, with respect only to such areas
that the Secretary determines have high housing
costs, taking into consideration median house
prices and median family incomes for the area,
such income limitation shall be 150 percent of
the median income of the area, as determined by
the Secretary with adjustments for smaller and
larger families.
''(c) Housing Strategy.--To be eligible to receive a grant under
this section for a fiscal year, a participating jurisdiction shall
include in its comprehensive housing affordability strategy under
section 105 for such year--
''(1) a description of the use of the grant amounts;
''(2) a plan for conducting targeted outreach to residents
and tenants of public housing, trailer parks, and manufactured
housing, and to other families assisted by public housing
agencies, for the purpose of ensuring that grant amounts
provided under this section to a participating jurisdiction are
used for downpayment assistance for such residents, tenants,
and families; and
''(3) a description of the actions to be taken to ensure
the suitability of families provided downpayment assistance
under this section to undertake and maintain homeownership.
''(d) Formula Allocation.--For each fiscal year, the Secretary
shall allocate any amounts made available for assistance under this
section for the fiscal year in accordance with a formula, which shall
be established by the Secretary, that considers a participating
jurisdiction's need for and prior commitment to assistance to
homebuyers. The formula may include minimum allocation amounts. In
considering a participating jurisdiction's prior year's commitment to
assistance to homebuyers, the formula 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 available 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 provided 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 requirements 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 reallocated
under subsection (d) or (e) of this section,
respectively.
''(g) Administrative Costs.--Notwithstanding section 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 limitation 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-Gonzalez National Affordable Housing Act is
amended by inserting 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 Property Acquisition
Policies Act of 1970 shall not apply to downpayment assistance under
this title.''.

Passed the House of Representatives October 1, 2003.

Attest:

Clerk.
A:
American Dream Downpayment Act - Amends the Cranston-Gonzalez National Affordable Housing Act to authorize the Secretary of Housing and Urban Development to make grants to participating jurisdictions for single family residential downpayment assistance to: (1) low-income or first-time home buyers; or (2) income-qualifying uniformed employees (police, fire, sanitation and maintenance) or teachers of a participating jurisdiction.

Requires a participating jurisdiction to include in its comprehensive housing affordability strategy information regarding: (1) grant use; (2) outreach activities; and (3) activities to ensure the suitability of recipient families to maintain homeownership.

Sets forth allocation criteria. Permits fund reallocation.

Authorizes specified FY 2004 and 2005 appropriations.

Makes the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 inapplicable to such assistance.