Sec. 404. Preferences for projects in Indian areas
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Section 42(m)(1) of the Internal Revenue Code of 1986 is amended— in subparagraph (B)(ii)— in subclause (II), by striking and ; and by adding at the end the following: projects which are located in an Indian area (as defined in section 4(11) of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4103(11))) and for which the entity applying to receive credit is— an Indian tribe or a tribally designated housing entity (as defined in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 ( 25 U.S.C. 4103 ), wholly owned or controlled by an Indian tribe or tribally designated housing entity (as defined in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 ( 25 U.S.C. 4103 )), or a subrecipient of funding under the Native American Housing Assistance and Self-Determination Act of 1996 ( 25 U.S.C. 4101 et seq. ) with regard to the project for which credits would be awarded, and ; in subparagraph (C)— in clause (vi), by inserting and Indian after public ; by redesignating clauses
(ix)and
(x)as clauses
(x)and (xi), respectively; and by inserting after clause
(viii)the following: projects described in subparagraph (B)(ii)(IV), ; and by adding at the end the following: In addition to the preference provided to projects described in subparagraph (B)(ii)(IV), for purposes of evaluating such projects pursuant to a competitive application process for allocation of housing credit dollar amounts, a housing credit agency— for purposes of any numerical evaluation process employed by the agency, shall increase the cumulative points or score for such project by not less than 10 percent of the total points or credits available to any project, and shall not consider the lack of proximity of such project to population centers, public transportation systems, or publicly available amenities. . The amendments made by this section shall apply to housing credit dollar amounts allocated by a housing credit agency after December 31, 2013.
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