Sec. 304. Affordable housing and community development technical assistance and capacity-building to expand economic inclusion and prevent involuntary residential displacement
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In addition to amounts otherwise available, there is appropriated to the Secretary of Housing and Urban Development (in this section referred to as the Secretary ) $100,000,000, to remain available until expended, to establish a competitive grant technical assistance and capacity building program to carry out the following activities: Training, education, support, and advice to enhance the technical and administrative capabilities of community development corporations, community housing development organizations, and other mission-driven and nonprofit organizations seeking to undertake affordable housing development.
Loans, grants, or predevelopment assistance to community development corporations, community housing development organizations, and other mission-driven and nonprofit organizations seeking to undertake affordable housing development. Such other activities as may be determined by the grantees in consultation with the Secretary. Grant funds made available under subsection
(a)shall be provided on a competitive basis to nonprofit organizations (as described in section 501(c)(3) of the Internal Revenue Code of 1986) that are exempt from taxation under section 501(a) of such Code that— target capacity-building activities to minority and low-income populations facing housing instability and community disinvestment; or provide capacity-building activities in neighborhoods having high concentrations of minority and low-income populations. No nonprofit organization may receive funding under subsection
(a)in the same fiscal year that it has received funding under section 4 of the HUD Demonstration Act of 1993 ( 42 U.S.C. 9816 note). The Secretary may use up to 10 percent of the amounts made available under this section for the costs of the Secretary of administering, evaluating, and overseeing the implementation of this section, including information technology, financial reporting, and other costs.
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Sec. 304
Affordable housing and community development technical assistance and capacity-building to expand economic inclusion and prevent involuntary residential displacement
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