Sec. 502. Emergency assistance

720 words·~3 min read·/bill/117/hr/5385/ih/section-502

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

After the occurrence of an initiating event, the Secretary of Housing and Urban Development or the Secretary of the Treasury, as appropriate, shall use amounts appropriated under section 503 to provide assistance to eligible individuals described in this section, provided that— the Governor of a State submits to the Secretary of Housing and Urban Development or the Secretary of the Treasury, as appropriate, a request for assistance to be provided under this section; and half of the amount allocated for a State shall be provided if the State is only experiencing an initiating event described in section 501(2)(B), with the full amount provided if the State experiences an initiating event described in section 501(2)(C).

The Secretary of the Treasury shall, through a program established by the Department of the Treasury that is similar to the Emergency Rental Assistance Program established under section 501 of division N of the Consolidated Appropriations Act, 2021 ( Public Law 116–133 ), provide— direct monthly rental or mortgage payment assistance to eligible individuals for the duration of the initiating event; and grants to nonprofit housing counseling organizations to provide counseling to eligible individuals with respect to— personal financial budgeting and personal debt management; available community resources, including public assistance programs, rental assistance programs, credit assistance programs, food programs, and social services; and employment training and placement.

The Secretary of the Treasury shall ensure that grants described in paragraph (1)(B) are made available throughout the areas affected by the initiating event, with priority given to areas that— are experiencing high rates of evictions, foreclosures, or any other indicators of renter or homeowner distress determined by the Secretary of the Treasury to be appropriate; or are not already adequately served by housing counseling organizations. There is authorized to be appropriated $25,000,000, to remain available until expended, to carry out this subsection.

Out of amounts appropriated under section 503, the Secretary of Housing and Urban Development may transfer not more than $10,000,000,000 to the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4568 ) to provide assistance described in such section 1338. Out of amounts appropriated under section 503, the Secretary of the Treasury may transfer not more than $10,000,000,000 to the Community Development Financial Institutions Fund established under section 104 of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4703 ) to provide assistance described in section 108 of such Act ( 12 U.S.C. 4707 ).

Out of amounts appropriated under section 503, the Secretary of Housing and Urban Development may transfer not more than $10,000,000,000 to provide rental assistance redeterminations and supplemental rental assistance payments to residents of housing assisted under section 514 or 515 of the Housing Act of 1949 ( 42 U.S.C. 1484 , 1485) who do not receive rental assistance. Out of amounts appropriated under section 503, the Secretary of Housing and Urban Development may provide vouchers authorized under section 301 in an amount that is not more than $10,000,000,000.

Out of amounts appropriated under section 503, the Secretary of Housing and Urban Development may transfer not more than $10,000,000,000 to provide assistance under the Emergency Solutions Grants program under subtitle B of title IV of the McKinney-Vento Homeless Assistance Act ( 42 U.S.C. 11371 et seq. ) for uses authorized under that program and for non-congregate shelters, including shelters designed with a multi-year life expectancy. Out of amounts appropriated under section 503, the Secretary of Housing and Urban Development may transfer not more than $50,000,000,000 to the community development block grant disaster recovery program established under title I of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5301 et seq. ) to provide assistance relating to the initiating event.

In providing assistance under paragraph (1), the Secretary of Housing and Urban Development shall— establish primary priority for preserving, rehabilitating, or rebuilding housing units (including non-titled manufactured housing), providing short-term bridge lending for property acquisitions, and funding public utility and infrastructure projects serving residents below 30 percent of the area median income; and establish secondary priority for preserving, rehabilitating, or rebuilding housing units (including non-titled manufactured housing), providing short-term bridge lending for property acquisitions, and funding public utility and infrastructure projects serving residents below 60 percent of the area median income.

Connectionstraces to 7

Traces to 7 documents

public-private-law