“A bill to provide for adjustments to community development block grant allocations based on improvements in housing growth rates.”
No CRS summary available for this bill.
This section defines terms for purposes of the Act, including (1) covered recipient (i.e., a metropolitan city or urban county receiving funds under section 106 of the Housing and Community Development Act of 1974); (2) eligible recipient (i.e., a covered recipient excluding those with median Small Area Fair Market Rent at or below the 60th percentile of such rents across covered recipients and U.S. median home value or below, annual natural rental vacancy rate above the national rate, a major disaster or emergency declaration under the Stafford Act (42 U.S.C. 5170, 5191) in the prior year, or lacking zoning and permitting authority); (3) extremely high-growth recipient (i.e., eligible recipient with current annual housing unit growth rate of 4% or higher); and (4) current annual growth rate, prior annual growth rate, housing growth improvement rate, Secretary (i.e., of Housing and Urban Development), and section 106 (each based on specified time periods for housing unit growth calculations).
This section requires the Secretary of Housing and Urban Development (HUD) to adjust Community Development Block Grant (CDBG) allocations to eligible recipients under section 106 based on their housing growth improvement rate, as follows: (1) provides a bonus amount—in addition to the otherwise-allocated amount—to recipients at or above the median rate (excluding extremely high-growth recipients) or that are extremely high-growth recipients, equal to a pro rata share (based on the recipient's housing units as of the third quarter of the prior fiscal year relative to all bonus recipients) of the aggregate amount decreased from other recipients; and (2) decreases the otherwise-allocated amount by 10% for recipients below the median rate (excluding high-growth outliers). (Thus, funds cut from low-growth areas are redistributed as bonuses to higher-growth areas.)
This section directs the Secretary of Housing and Urban Development (HUD) to calculate the number of housing units in eligible recipients' jurisdictions under this Act using Current Address Count Listing Files and other data products from the Census Bureau's Master Address File, with calculations performed at the block level using the most current boundaries. It requires the Census Bureau and U.S. Postal Service to provide relevant data to the Secretary upon request. It authorizes the Secretary to adjust specified housing unit calculation periods in sections 2(2), 2(6), and 3(b)(1)(B)(ii) by up to two months to align with Census Bureau data.
This section requires the Secretary, before allocating funds under section 106 for a fiscal year, to publish a report that (1) includes the housing growth improvement rate for each eligible recipient and (2) lists, for the most recent fiscal year for which section 106 allocations were made, the eligible recipients that received a bonus under section 3(b)(1) and those for which allocations were decreased under section 3(b)(2).
This section directs the Secretary to notify each eligible recipient, not later than 60 days after enactment, of the recipient's housing growth improvement rate and whether it is above, at, or below the median rate for all eligible recipients other than extremely high-growth recipients. As part of the notification, the Secretary must provide guidance—including resources from the Department of Housing and Urban Development—on best practices and policies to reduce regulatory barriers to housing and increase housing supply. The section further specifies that Section 3 takes effect beginning with the second full fiscal year after enactment and remains in effect through FY2042.