Sec. 5. Landlord relief fund
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The Secretary of Housing and Urban Development shall establish and manage a Landlord Relief Fund (in this section referred to as the Fund ), to provide lessors payments under this section to reimburse such lessors for payments under covered rental dwelling units suspended or forgiven pursuant to section 2(a) or 3(a), respectively. The Secretary shall provide for lessors of covered rental dwelling units to apply for reimbursement payments from the Fund, which applications shall include the certifications and binding agreements required pursuant to subsection (c).
The Secretary may provide a payment under this section only with respect to covered rental dwelling units that meet all of the following requirements: The lessor of the covered rental dwelling unit has made such certifications to, and entered into such binding agreements with, the Secretary as the Secretary considers necessary to ensure that during the 5-year period beginning upon initial receipt by such lessor of payment under this section for such dwelling unit, such dwelling unit shall be subject to the following requirements:
The monthly rent for the dwelling unit may not be increased from the amount of such rent charged as of the date of the enactment of this Act. A tenant of the dwelling unit may be evicted only for just cause and only pursuant to advance written notice to the tenant of such just cause. The lessor may not refuse to rent the dwelling unit, or discriminate in the renting of the dwelling unit, to a household based on the source of income of such household, including income under the program under section 8(o) of the United States Housing Act of 1937 ( 42 U.S.C. 1437f(o) ) or any similar tenant-based rental assistance program.
The lessor shall coordinate with the public and other housing authorities for the jurisdiction within which the dwelling unit is located to make the dwelling unit available, upon any vacancy, to households assisted as described in subparagraph (C). The lessor may not restrict tenancy of the dwelling unit on the basis of sexual identity or orientation, gender identity or expression, conviction or arrest record, credit history, or immigration status. The lessor may not collect an arrearage in rent owed by the tenant as of the expiration of such 5-year period.
The lessor may not retaliate in any way against a tenant of the dwelling unit. The lessor may not report the tenant of the dwelling unit to a debt collector or provide any adverse information regarding the tenant to any credit reporting agency. The lessor shall disclose, for any person that has an ownership interest in the lessor, including any members, shareholders, general partners, or limited partners, if applicable, the following information: Name. Address of place of residence.
Date of birth. Social Security Number or Employer Identification Number. Size of their interest in the lessor. Type of entity. State of incorporation. Registered agent. Address of any covered rental dwelling units owned by such person. Occupancy or vacancy status of all covered rental dwelling units owned by such person. Current rents charged for all covered rental dwelling units owned by such person. Total assets and liabilities. For any person identified in the disclosure required by this paragraph that is not a natural person, the lessor shall provide the information required by subparagraph
(A)for that entity and for any persons with ownership interests in that entity and shall provide that information iteratively for each layer of ownership until all ownership interests are traced back to natural persons or publicly traded corporations. Nothing in this paragraph shall require the disclosure of the identity of, or personally-identifying information regarding, shareholders of publicly traded corporations. Assistance may not be provided under this section with respect to any dwelling unit for which assistance is provided pursuant to section 6. Subject to paragraph (2), the amount of a payment under this section with respect to a covered rental dwelling unit may not exceed the aggregate amount of rent for the dwelling unit suspended or forgiven pursuant to section 2(a) or 3(a) and attributable only to days during the COVID-19 suspension period that the dwelling unit was occupied by a tenant otherwise required to pay rent for such occupancy. In making payments under this section with respect to any covered dwelling unit for which tenant made a payment of rent during the COVID-19 suspension period, the Secretary shall— reduce the amount of the payment to the lessor under paragraph
(1)by the amount of any such rent paid; and make a payment to such tenant in the amount of any such rent paid. In making payments under this section, the Secretary shall establish a tiered system for priority for such payments based on assets, revenues, disclosure requirements, and profit status with respect to lessors. Such system shall provide priority for making payments to eligible lessors that are nonprofit organizations or entities and lessors having the fewest available amount of assets. If a lessor violates any requirement with respect to a covered rental dwelling unit under any certification or agreement entered into pursuant to subsection (c)(2), the Secretary shall recapture from the lessor an amount equal to the entire amount of assistance provided under this section that is attributable to such dwelling unit and cover such amount recaptured into the Fund. There is authorized to be appropriated for the Landlord Relief Fund established pursuant to this section such sums as may be necessary to reimburse all lessors for all rent payments suspended pursuant to section 2(a) or forgiven pursuant to section 3(a).
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Sec. 5
Landlord relief fund
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