Sec. 3. Authorization of appropriations
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Section 103 of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5303 ) is amended by striking the last sentence and inserting the following: For purposes of assistance under section 106, there is authorized to be appropriated for fiscal year 2021 an amount equal to $3,425,000,000, as adjusted by adding to such amount a percentage thereof equal to any percentage increase, over the immediately preceding 4 calendar quarters ending before the commencement of such fiscal year, in the Consumer Price Index for All Urban Consumers (CPI–U) and, for each of fiscal years 2022 through 2025, the amount that is equal to the amount authorized under this sentence for the immediately preceding fiscal year, as adjusted by adding to such amount a percentage thereof equal to any percentage increase, over the immediately preceding 4 calendar quarters ending before the commencement of such fiscal year to which such authorization applies, in the Consumer Price Index for All Urban Consumers (CPI–U). .
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Sec. 3
Authorization of appropriations
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