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Code · BILL · 116th Congress · S. 2951 (Introduced in Senate) — To facilitate the development of affordable housing, and for other purposes. · Sec. 13

Sec. 13. Capital Magnet Fund

75 words·~1 min read·/bill/116/s/2951/is/section-13

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There is authorized to be appropriated for the Capital Magnet Fund under section 1339 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4569 ) $2,500,000,000, to remain available until expended. Not less than 10 percent of all amounts made available pursuant to this section shall be used only for activities relating to water and energy efficiency and, at the discretion of the Secretary, other strategies to reduce emissions.
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Sec. 13
Capital Magnet Fund
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