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Code · BILL · 118th Congress · H.R. 7325 (Introduced in House) — To address the housing crisis through bold investments to increase and preserve the national affordable housing suppl... · Sec. 201

Sec. 201. Permanent emergency rental assistance program

413 words·~2 min read·/bill/118/hr/7325/ih/section-201

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Section 3201 of the American Rescue Plan Act of 2021 ( 15 U.S.C. 9058c ) is amended— in subsection (a), by adding at the end the following new paragraphs: In addition to amounts otherwise available, there is appropriated to the Secretary of the Treasury for each of fiscal years 2024 through 2029, out of any money in the Treasury not otherwise appropriated, $3,000,000,000, for making payments to eligible grantees under this section. Of the amount appropriated under paragraph (1), the Secretary shall reserve— $42,300,000 for making payments under this section to the Commonwealth of Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa; $4,170,000 for costs of the Secretary for the administration of emergency rental assistance programs and technical assistance to recipients of any grants made by the Secretary to provide financial and other assistance to renters; $417,000 for administrative expenses of the Inspector General relating to oversight of funds provided in this section; and $360,000,000 or payments to high-need grantees as provided in this section. ; in subsection (b)— in paragraph (1)(A)— in the matter preceding clause (i)— by inserting or
(3)after paragraph
(1); and by inserting or (4), respectively, after paragraph
(2); and in clause (iii), by inserting or, with respect to amounts appropriated under subsection (a)(3), by substituting before the semicolon at the end; and $22,000,000 for $200,000,000 each place such term appears in paragraph (2)— in the matter preceding subparagraph (A)— by striking The amount and inserting The amounts ; and by inserting and under subsection (a)(4)(A) after subsection (a)(2)(A) ; in subparagraph (A), by inserting or (a)(4)(A) before of section 3201 ; and in subparagraph (B), by inserting or (a)(3) after subsection (a)(1) ; in subsection (d)— in paragraph (1)(D), by inserting or October 1, 2025, in the case of funds made available by subsection (a)(3), ; and in paragraph (2), or (a)(3) after subsection (a)(1) ; in subsection (e)(1)— by striking March 1, 2022 and inserting the first day of the first month commencing more than 12 months after the enactment of an Act making amounts available for payments to eligible grantees under this section ; and by inserting made available under such Act and after reallocate funds ; and in subsection (g), by striking September 30, 2025 and inserting the fifth September 30 occurring after the date of the enactment of the Act making such funds available for payments to such eligible grantee .
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Sec. 201
Permanent emergency rental assistance program
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