Sec. 4. Public Housing Capital Fund
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/bill/116/s/2951/is/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is authorized to be appropriated for the Capital Fund under section 9(d) of the United States Housing Act of 1937 ( 42 U.S.C. 1437g(d) ) $70,000,000,000. Any amounts appropriated pursuant to this subsection shall remain available until the date that is 5 years after the date of the appropriation. The Secretary shall— distribute not less than 35 percent and not more than 75 percent of any amounts appropriated pursuant to subsection
(a)under the same formula used for amounts made available for the Capital Fund for fiscal year 2019, except that the Secretary may determine not to allocate funding to public housing agencies that are designated as troubled at the time of such determination or to public housing agencies that elect not to accept such funding, or both; and make available all remaining amounts by competition for priority investments, including investments that address lead hazards, other urgent health and safety concerns, and such other priorities as the Secretary may identify. The Secretary shall obligate amounts— made available under subsection (b)(1) within 30 days of enactment of the Act appropriating such funds; and made available under subsection (b)(2) within 12 months of enactment of the Act appropriating such funds. Amounts provided pursuant to this section may not be used for operating costs or rental assistance. Not more than 0.5 percent of any amount appropriated pursuant to this section shall be used by the Secretary for costs associated with staff, training, technical assistance, technology, monitoring, travel, enforcement, research, and evaluation. With respect to any public housing agency that is designated as troubled at the time that amounts appropriated pursuant to this section are obligated for the public housing agency, the Secretary shall provide additional monitoring and oversight of the public housing agency to ensure that any amounts provided are used in accordance with this section and any applicable laws. The Secretary shall ensure that amounts provided pursuant to this section shall serve to supplement and not supplant other amounts generated by a recipient of those amounts or amounts provided by other Federal, State, or local sources. In distributing any amounts pursuant to subsection (b), the Secretary shall give priority to public housing agencies located in States and localities that have a plan to increase water and energy efficiency when developing or rehabilitating public housing using distributed amounts.
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Sec. 4
Public Housing Capital Fund
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