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Code · BILL · 117th Congress · S. 2300 (Introduced in Senate) — To direct the Secretary of Housing and Urban Development to establish a grant program to help revitalize certain loca... · Sec. 4

Sec. 4. Competitive grant program

1,898 words·~9 min read·/bill/117/s/2300/is/section-4·

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Not later than the 120 days after the date of enactment of this Act, the Secretary shall establish a program to award competitive grants to eligible local partnerships to carry out neighborhood revitalization support activities described in subsection
(b)in furtherance of a neighborhood revitalization strategy in an eligible locality. The neighborhood revitalization support activities described in this subsection are— providing assistance to existing residents experiencing economic distress or at risk of displacement with homeowner rehabilitation assistance, weatherization, improved housing accessibility and livability for seniors and persons with disabilities, energy efficiency improvements, refinancing, housing counseling certified by the Secretary, including loss mitigation counseling, property tax relief, clearing and obtaining formal title, addressing outstanding housing-related expenses, or other activities that the Secretary determines are appropriate; purchasing non-performing mortgages to assist existing homeowners and advance neighborhood stability; supporting the purchase and redevelopment of vacant, abandoned, or distressed properties to create affordable rental housing, homeownership or shared equity homeownership opportunities, mixed-use properties, or commercial properties, which properties may be converted between rental and homeownership, including shared equity homeownership, upon termination of the lease or transfer of the property during the relevant period of affordability to ensure local community needs are met, properties do not sit vacant, and affordability is preserved; providing pre-purchase counseling through housing counselors certified by the Secretary for neighborhood revitalization support activities that provide homeownership opportunities; providing down payment assistance to prospective homebuyers; establishing and operating community land trusts to provide affordable rental and homeownership opportunities, including shared equity homeownership opportunities; demolishing abandoned or distressed structures, but only if such activity is part of a strategy that incorporates rehabilitation or new construction and efforts to increase affordable housing and homeownership, except that not more than 10 percent of any grant made under this section may be used for activities under this paragraph unless the Secretary determines that such use is to replace units in an effort to increase affordable housing or homeownership; establishing or operating land banks to maintain acquire, redevelop, or sell properties that are abandoned or distressed, with preference among applications proposing activities under this paragraph to be given to applications that promote distribution of properties for affordable housing and small businesses; improving parks, sidewalks, street lighting, and other neighborhood improvements that impact quality of life in the targeted neighborhoods, except that not more than 5 percent of any grant made under this section may be used for activities under this paragraph; and in connection with any other eligible activity under this subsection, working with resident leaders and community groups to undertake community planning, outreach, and neighborhood engagement, consistent with the goals of increasing homeownership, stabilizing neighborhoods, reducing vacancy rates, creating jobs, increasing or stabilizing residential and commercial property values, and meeting other neighborhood needs, except that not more than 10 percent of any grant made under this section may be used for activities under this paragraph. In the case of property assisted pursuant to subsection (b)(3) containing any dwelling units that are made available for rental— such units shall be available for rental only by a household having an income that does not exceed 60 percent of the median income for the area in which such unit is located; such units shall remain affordable for not less than 30 years; such property may be a mixed-use property; and such unit shall be maintained in habitable condition, as defined by the locality in which the property is located. In the case of property assisted pursuant to subsection (b)(3) consisting of a dwelling unit, or containing any dwelling units, made available for homeownership, such unit or units— shall be available for purchase only to by a household having an income that does not exceed 120 percent of the median income for the area in which such unit is located; if made available through a shared equity homeownership program, shall remain affordable for not less than 30 years; and if not made available through a shared equity homeownership program— shall remain affordable for a period of years as determined by the partnership, which shall not be shorter than 5 years from the sale of the unit; and shall be subject to resale or recapture provisions that— are established by the partnership to ensure that the affordability term may be met or funds may be redeployed for neighborhood revitalization support activities; may be waived in cases of hardship or market depreciation; and provide that, in the case of a resale, the partnership may maintain preemptive purchase options in order to sell the property to another income qualified purchaser. If a property described in this subsection converts between rental and homeownership or shared equity homeownership, the affordability terms of the new tenure type shall be utilized upon occupancy. To apply to receive a grant under this section, an eligible local partnership shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require. The Secretary shall prioritize awarding grants based on the following criteria: The severity of the indicators of distress of the eligible locality described in section 3(6). The extent to which the activities proposed will— in the case of rental housing, benefit households having incomes not exceeding 30 percent of the median income for the area; and in the case of homeownership housing, including shared equity homeownership, benefit households having incomes not exceeding 80 percent of the median income for the area. Whether the activities proposed will promote affordable homeownership and the extent to which those affordability terms will be preserved. The extent to which an eligible local partnership that includes a public housing agency will use housing choice vouchers to support homeownership for households at or below 60 percent of area median income. The demonstrated capacity of an eligible local partnership to execute the proposed eligible neighborhood revitalization support activities. The demonstrated community planning, outreach, and engagement practices of an eligible local partnership. The depth and breadth of the community partnership supporting the application. The extent to which existing residents are assisted to prevent displacement. The extent to which the proposed neighborhood revitalization support activities would help close the racial wealth gap by increasing minority homeownership, ensuring equitable access to housing and economic opportunity, and countering the ongoing legacy of redlining policies. The extent to which development of new units are water and energy efficient. The feasibility of the proposed neighborhood revitalization support activities considering local market conditions. The extent to which an application demonstrates comprehensive community planning efforts and additional funds in hand or committed for activities in the geographic area that are not directly related to the provision of affordable housing, such as support for small, minority, and women-owned business activity in commercial zones in the targeted neighborhoods. The Secretary shall seek to make grants under this section for eligible local partnerships serving geographically diverse areas of economic distress, as described in section 3(6), including metropolitan and underserved rural areas. Not more than 15 percent of the amount of each grant under this section may be used by the recipient for administrative and organizational support costs. The Secretary may reserve up to 1 percent of any funds appropriated to carry out this section for technical assistance activities which support grantees under this program and 1 percent of funds from each grant awarded shall be used to develop grantee capacity to meet the requirements under paragraphs
(1)and
(2)of subsection (h). Funds provided under the program under this section may not be used to deny housing opportunities based on the criminal or eviction history, source of income, or veteran status of any member of a household. The Secretary shall— require each grantee under this section to develop and maintain a system to ensure that each recipient of assistance uses those amounts in accordance with this section, the regulations issued under this section, and any requirements or conditions under which such amounts were provided; and establish minimum requirements for agreements between the grantee and the Secretary, regarding assistance from grants under this section, which shall include— appropriate periodic financial and project reporting, record retention, and audit requirements for the duration of the grant to the recipient to ensure compliance with the limitations and requirements of this section and the regulations under this section; and any other requirements that the Secretary determines are necessary to ensure appropriate grant administration and compliance. The Secretary shall make information regarding the results of assistance provided with amounts from grants under this section publicly available, which shall include at least the following information: A list of recipients of grants awarded under this section and the amount of each such grant. A description of each neighborhood revitalization support activity carried out by each such recipient and the impacts associated with each such activity, including the change in the rate of minority and first-time homeownership. The total number of housing units acquired, redeveloped, or produced using grant amounts under this section. The total number of housing units for rent, ownership, and shared equity homeownership assisted with grant amounts under this section and the number of bedrooms in each such unit. The percentage of housing units assisted with grant amounts under this section that are affordable to low-, very low-, and extremely low-income households. The number of such housing units located in areas where the percentage of households in a racial or ethnic minority group— is not less than 20 percentage points higher than the percentage of the population of that minority group for the metropolitan statistical area; is not less than 20 percentage points higher than the percentage of the population of all minorities for the metropolitan statistical area; and exceeds 50 percent of the population. Any other information that the Secretary determines necessary to ensure that housing outcomes and grant administration and compliance align with the purposes of this Act. Not later than 2 years after grants under this section are first awarded and 3 years thereafter, the Secretary shall submit to the appropriate congressional committees, and make publicly available online, a report that— evaluates the impact of the program established under this section; describes demographic changes in the eligible localities served by grantees of grants under this section, including changes in income, race, and ethnicity, property values, and unemployment rates; identifies the number of housing units assisted with grant amounts under this section located in high- and low-poverty census tracts; identifies the number of accessible units created and modified with grant amounts under this section and where such units are located using the most granular location measurement that is feasible such as at the Census block group level; and identifies where housing units assisted with grant amounts are located in relation to community assets, including high performing schools and public transportation options. There is authorized to be appropriated to carry out this section $5,000,000,000 for each of fiscal years 2021 through 2031. The Secretary shall award not less than $500,000,000 of any amounts appropriated pursuant to this subsection to eligible local partnerships that will provide neighborhood revitalization support activities to localities outside of a Metropolitan Statistical Area, as designated by the Office of Management and Budget. The priority under subsection (d)(2)(L) (relating to matching funds) shall not apply to amounts awarded under this paragraph. Not later than 180 days after the date of enactment of this Act, the Secretary shall issue a Notice of Funding Availability for grants under this section.
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