“To authorize affordable housing construction as an eligible activity under the Community Development Block Grant Program, and for other purposes.”
No CRS summary available for this bill.
This section (1) adds the new construction of affordable housing—as defined under the HOME Investment Partnerships Act (42 U.S.C. 12745) (i.e., rental housing with rents limited to fair market levels or 30% of adjusted income at 65% of area median income; at least 20% of units occupied by very low-income families paying no more than 30% of adjusted income or subject to section 42 low-income housing tax credit rent restrictions; occupied only by low-income families; and subject to long-term affordability commitments)—as an eligible activity under the Community Development Block Grant (CDBG) program; and (2) extends the low- and moderate-income benefit requirement to such new construction. The amendments apply only to amounts appropriated after enactment.